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Side-by-side financial comparison of OPPENHEIMER HOLDINGS INC (OPY) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.

WillScot Holdings Corp is the larger business by last-quarter revenue ($566.0M vs $472.6M, roughly 1.2× OPPENHEIMER HOLDINGS INC). OPPENHEIMER HOLDINGS INC runs the higher net margin — 15.7% vs -33.1%, a 48.8% gap on every dollar of revenue. On growth, OPPENHEIMER HOLDINGS INC posted the faster year-over-year revenue change (25.9% vs -6.1%). OPPENHEIMER HOLDINGS INC produced more free cash flow last quarter ($183.6M vs $149.7M). Over the past eight quarters, OPPENHEIMER HOLDINGS INC's revenue compounded faster (15.7% CAGR vs -1.8%).

Oppenheimer Holdings Inc. is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide. The company, which once occupied the One World Financial Center building in Manhattan, now bases its operations at 85 Broad Street in New York City.

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.

OPY vs WSC — Head-to-Head

Bigger by revenue
WSC
WSC
1.2× larger
WSC
$566.0M
$472.6M
OPY
Growing faster (revenue YoY)
OPY
OPY
+32.0% gap
OPY
25.9%
-6.1%
WSC
Higher net margin
OPY
OPY
48.8% more per $
OPY
15.7%
-33.1%
WSC
More free cash flow
OPY
OPY
$33.8M more FCF
OPY
$183.6M
$149.7M
WSC
Faster 2-yr revenue CAGR
OPY
OPY
Annualised
OPY
15.7%
-1.8%
WSC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPY
OPY
WSC
WSC
Revenue
$472.6M
$566.0M
Net Profit
$74.4M
$-187.3M
Gross Margin
50.4%
Operating Margin
22.4%
-32.5%
Net Margin
15.7%
-33.1%
Revenue YoY
25.9%
-6.1%
Net Profit YoY
593.1%
-310.0%
EPS (diluted)
$6.51
$-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.

Revenue
OPY
OPY
WSC
WSC
Q4 25
$472.6M
$566.0M
Q3 25
$424.4M
$566.8M
Q2 25
$373.2M
$589.1M
Q1 25
$367.8M
$559.6M
Q4 24
$375.4M
$602.5M
Q3 24
$373.4M
$601.4M
Q2 24
$330.6M
$604.6M
Q1 24
$353.1M
$587.2M
Net Profit
OPY
OPY
WSC
WSC
Q4 25
$74.4M
$-187.3M
Q3 25
$21.7M
$43.3M
Q2 25
$21.7M
$47.9M
Q1 25
$30.7M
$43.1M
Q4 24
$10.7M
$89.2M
Q3 24
$24.5M
$-70.5M
Q2 24
$10.3M
$-46.9M
Q1 24
$26.1M
$56.2M
Gross Margin
OPY
OPY
WSC
WSC
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%
Operating Margin
OPY
OPY
WSC
WSC
Q4 25
22.4%
-32.5%
Q3 25
7.5%
21.0%
Q2 25
8.6%
21.5%
Q1 25
11.2%
21.3%
Q4 24
4.5%
28.9%
Q3 24
9.5%
-5.9%
Q2 24
4.8%
-0.9%
Q1 24
10.6%
22.1%
Net Margin
OPY
OPY
WSC
WSC
Q4 25
15.7%
-33.1%
Q3 25
5.1%
7.6%
Q2 25
5.8%
8.1%
Q1 25
8.3%
7.7%
Q4 24
2.9%
14.8%
Q3 24
6.6%
-11.7%
Q2 24
3.1%
-7.7%
Q1 24
7.4%
9.6%
EPS (diluted)
OPY
OPY
WSC
WSC
Q4 25
$6.51
$-1.02
Q3 25
$1.90
$0.24
Q2 25
$1.91
$0.26
Q1 25
$2.72
$0.23
Q4 24
$0.92
$0.48
Q3 24
$2.16
$-0.37
Q2 24
$0.92
$-0.25
Q1 24
$2.37
$0.29

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OPY
OPY
WSC
WSC
Cash + ST InvestmentsLiquidity on hand
$38.4M
$14.6M
Total DebtLower is stronger
$3.6B
Stockholders' EquityBook value
$983.8M
$856.3M
Total Assets
$3.7B
$5.8B
Debt / EquityLower = less leverage
4.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPY
OPY
WSC
WSC
Q4 25
$38.4M
$14.6M
Q3 25
$38.3M
$14.8M
Q2 25
$37.6M
$12.8M
Q1 25
$36.7M
$10.7M
Q4 24
$33.1M
$9.0M
Q3 24
$32.2M
$11.0M
Q2 24
$33.2M
$5.9M
Q1 24
$27.7M
$13.1M
Total Debt
OPY
OPY
WSC
WSC
Q4 25
$3.6B
Q3 25
$3.6B
Q2 25
$3.7B
Q1 25
$3.6B
Q4 24
$0
$3.7B
Q3 24
$112.8M
$3.6B
Q2 24
$112.8M
$3.5B
Q1 24
$112.7M
$3.5B
Stockholders' Equity
OPY
OPY
WSC
WSC
Q4 25
$983.8M
$856.3M
Q3 25
$920.3M
$1.1B
Q2 25
$896.9M
$1.0B
Q1 25
$872.3M
$1.0B
Q4 24
$850.4M
$1.0B
Q3 24
$837.8M
$1.1B
Q2 24
$812.1M
$1.2B
Q1 24
$801.5M
$1.3B
Total Assets
OPY
OPY
WSC
WSC
Q4 25
$3.7B
$5.8B
Q3 25
$3.8B
$6.1B
Q2 25
$3.7B
$6.1B
Q1 25
$3.6B
$6.0B
Q4 24
$3.4B
$6.0B
Q3 24
$3.4B
$6.0B
Q2 24
$3.3B
$6.0B
Q1 24
$3.3B
$6.2B
Debt / Equity
OPY
OPY
WSC
WSC
Q4 25
4.15×
Q3 25
3.39×
Q2 25
3.55×
Q1 25
3.56×
Q4 24
0.00×
3.62×
Q3 24
0.13×
3.42×
Q2 24
0.14×
2.88×
Q1 24
0.14×
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
OPY
OPY
WSC
WSC
Operating Cash FlowLast quarter
$188.8M
$158.9M
Free Cash FlowOCF − Capex
$183.6M
$149.7M
FCF MarginFCF / Revenue
38.8%
26.5%
Capex IntensityCapex / Revenue
1.1%
1.6%
Cash ConversionOCF / Net Profit
2.54×
TTM Free Cash FlowTrailing 4 quarters
$191.3M
$737.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPY
OPY
WSC
WSC
Q4 25
$188.8M
$158.9M
Q3 25
$63.4M
$191.2M
Q2 25
$40.1M
$205.3M
Q1 25
$-91.7M
$206.6M
Q4 24
$-108.2M
$178.9M
Q3 24
$11.4M
$-1.6M
Q2 24
$-115.3M
$175.6M
Q1 24
$-79.0M
$208.7M
Free Cash Flow
OPY
OPY
WSC
WSC
Q4 25
$183.6M
$149.7M
Q3 25
$62.2M
$186.9M
Q2 25
$38.9M
$199.0M
Q1 25
$-93.4M
$202.0M
Q4 24
$-113.3M
$176.6M
Q3 24
$11.2M
$-4.9M
Q2 24
$-116.7M
$169.4M
Q1 24
$-79.3M
$202.1M
FCF Margin
OPY
OPY
WSC
WSC
Q4 25
38.8%
26.5%
Q3 25
14.7%
33.0%
Q2 25
10.4%
33.8%
Q1 25
-25.4%
36.1%
Q4 24
-30.2%
29.3%
Q3 24
3.0%
-0.8%
Q2 24
-35.3%
28.0%
Q1 24
-22.5%
34.4%
Capex Intensity
OPY
OPY
WSC
WSC
Q4 25
1.1%
1.6%
Q3 25
0.3%
0.7%
Q2 25
0.3%
1.1%
Q1 25
0.5%
0.8%
Q4 24
1.4%
0.4%
Q3 24
0.1%
0.6%
Q2 24
0.4%
1.0%
Q1 24
0.1%
1.1%
Cash Conversion
OPY
OPY
WSC
WSC
Q4 25
2.54×
Q3 25
2.92×
4.41×
Q2 25
1.85×
4.28×
Q1 25
-2.99×
4.80×
Q4 24
-10.08×
2.01×
Q3 24
0.47×
Q2 24
-11.23×
Q1 24
-3.03×
3.71×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

OPY
OPY

Advisory Fees$166.6M35%
Capital Markets Segment$155.5M33%
Other$57.2M12%
Commissions From Sales And Trading$52.9M11%
Bank Deposit Sweep Income$27.7M6%
Mutual Fund Income$8.9M2%
Investment Banking Capital Markets$3.3M1%

WSC
WSC

Modular Space Leasing$249.8M44%
Value Added Product And Services$101.0M18%
Portable Storage Leasing$83.0M15%
Delivery Revenue$48.2M9%
Installation Revenue$45.0M8%
Rental Units$19.7M3%
New Units$15.5M3%
Value Added Services$10.3M2%
Other Leasing Related Products And Services$3.8M1%

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