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Side-by-side financial comparison of Noble Corp plc (NE) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $566.0M, roughly 1.4× WillScot Holdings Corp). Noble Corp plc runs the higher net margin — 11.3% vs -33.1%, a 44.4% gap on every dollar of revenue. On growth, WillScot Holdings Corp posted the faster year-over-year revenue change (-6.1% vs -17.6%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $35.4M). Over the past eight quarters, Noble Corp plc's revenue compounded faster (9.5% CAGR vs -1.8%).
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
WillScot Holdings Corp is a leading provider of modular space solutions and portable storage services across North America. It serves a wide range of sectors including construction, commercial development, education, healthcare, government projects, and special events, offering flexible, scalable temporary and semi-permanent space solutions tailored to diverse client needs.
NE vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $764.4M | $566.0M |
| Net Profit | $86.6M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 5.6% | -32.5% |
| Net Margin | 11.3% | -33.1% |
| Revenue YoY | -17.6% | -6.1% |
| Net Profit YoY | -10.4% | -310.0% |
| EPS (diluted) | $0.54 | $-1.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $764.4M | $566.0M | ||
| Q3 25 | $798.0M | $566.8M | ||
| Q2 25 | $848.7M | $589.1M | ||
| Q1 25 | $874.5M | $559.6M | ||
| Q4 24 | $927.3M | $602.5M | ||
| Q3 24 | $800.5M | $601.4M | ||
| Q2 24 | $692.8M | $604.6M | ||
| Q1 24 | $637.1M | $587.2M |
| Q4 25 | $86.6M | $-187.3M | ||
| Q3 25 | $-21.1M | $43.3M | ||
| Q2 25 | $42.9M | $47.9M | ||
| Q1 25 | $108.3M | $43.1M | ||
| Q4 24 | $96.6M | $89.2M | ||
| Q3 24 | $61.2M | $-70.5M | ||
| Q2 24 | $195.0M | $-46.9M | ||
| Q1 24 | $95.5M | $56.2M |
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
| Q4 25 | 5.6% | -32.5% | ||
| Q3 25 | 6.3% | 21.0% | ||
| Q2 25 | 15.9% | 21.5% | ||
| Q1 25 | 21.4% | 21.3% | ||
| Q4 24 | 18.4% | 28.9% | ||
| Q3 24 | 14.4% | -5.9% | ||
| Q2 24 | 30.3% | -0.9% | ||
| Q1 24 | 16.9% | 22.1% |
| Q4 25 | 11.3% | -33.1% | ||
| Q3 25 | -2.6% | 7.6% | ||
| Q2 25 | 5.1% | 8.1% | ||
| Q1 25 | 12.4% | 7.7% | ||
| Q4 24 | 10.4% | 14.8% | ||
| Q3 24 | 7.6% | -11.7% | ||
| Q2 24 | 28.1% | -7.7% | ||
| Q1 24 | 15.0% | 9.6% |
| Q4 25 | $0.54 | $-1.02 | ||
| Q3 25 | $-0.13 | $0.24 | ||
| Q2 25 | $0.27 | $0.26 | ||
| Q1 25 | $0.67 | $0.23 | ||
| Q4 24 | $0.56 | $0.48 | ||
| Q3 24 | $0.40 | $-0.37 | ||
| Q2 24 | $1.34 | $-0.25 | ||
| Q1 24 | $0.66 | $0.29 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $471.4M | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $4.5B | $856.3M |
| Total Assets | $7.5B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $471.4M | $14.6M | ||
| Q3 25 | $477.9M | $14.8M | ||
| Q2 25 | $338.2M | $12.8M | ||
| Q1 25 | $303.8M | $10.7M | ||
| Q4 24 | $247.3M | $9.0M | ||
| Q3 24 | $391.9M | $11.0M | ||
| Q2 24 | $162.9M | $5.9M | ||
| Q1 24 | $212.5M | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
| Q4 25 | $4.5B | $856.3M | ||
| Q3 25 | $4.5B | $1.1B | ||
| Q2 25 | $4.6B | $1.0B | ||
| Q1 25 | $4.7B | $1.0B | ||
| Q4 24 | $4.7B | $1.0B | ||
| Q3 24 | $4.7B | $1.1B | ||
| Q2 24 | $4.0B | $1.2B | ||
| Q1 24 | $3.9B | $1.3B |
| Q4 25 | $7.5B | $5.8B | ||
| Q3 25 | $7.6B | $6.1B | ||
| Q2 25 | $7.7B | $6.1B | ||
| Q1 25 | $7.9B | $6.0B | ||
| Q4 24 | $8.0B | $6.0B | ||
| Q3 24 | $8.0B | $6.0B | ||
| Q2 24 | $5.6B | $6.0B | ||
| Q1 24 | $5.4B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $187.1M | $158.9M |
| Free Cash FlowOCF − Capex | $35.4M | $149.7M |
| FCF MarginFCF / Revenue | 4.6% | 26.5% |
| Capex IntensityCapex / Revenue | 19.9% | 1.6% |
| Cash ConversionOCF / Net Profit | 2.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $432.2M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.1M | $158.9M | ||
| Q3 25 | $277.1M | $191.2M | ||
| Q2 25 | $216.4M | $205.3M | ||
| Q1 25 | $271.1M | $206.6M | ||
| Q4 24 | $136.2M | $178.9M | ||
| Q3 24 | $283.8M | $-1.6M | ||
| Q2 24 | $106.8M | $175.6M | ||
| Q1 24 | $128.7M | $208.7M |
| Q4 25 | $35.4M | $149.7M | ||
| Q3 25 | $139.5M | $186.9M | ||
| Q2 25 | $99.8M | $199.0M | ||
| Q1 25 | $157.5M | $202.0M | ||
| Q4 24 | $-4.4M | $176.6M | ||
| Q3 24 | $156.8M | $-4.9M | ||
| Q2 24 | $-34.3M | $169.4M | ||
| Q1 24 | $-37.9M | $202.1M |
| Q4 25 | 4.6% | 26.5% | ||
| Q3 25 | 17.5% | 33.0% | ||
| Q2 25 | 11.8% | 33.8% | ||
| Q1 25 | 18.0% | 36.1% | ||
| Q4 24 | -0.5% | 29.3% | ||
| Q3 24 | 19.6% | -0.8% | ||
| Q2 24 | -4.9% | 28.0% | ||
| Q1 24 | -6.0% | 34.4% |
| Q4 25 | 19.9% | 1.6% | ||
| Q3 25 | 17.3% | 0.7% | ||
| Q2 25 | 13.7% | 1.1% | ||
| Q1 25 | 13.0% | 0.8% | ||
| Q4 24 | 15.2% | 0.4% | ||
| Q3 24 | 15.9% | 0.6% | ||
| Q2 24 | 20.4% | 1.0% | ||
| Q1 24 | 26.2% | 1.1% |
| Q4 25 | 2.16× | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | 5.05× | 4.28× | ||
| Q1 25 | 2.50× | 4.80× | ||
| Q4 24 | 1.41× | 2.01× | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 1.35× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
