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Side-by-side financial comparison of PROCORE TECHNOLOGIES, INC. (PCOR) 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 $349.1M, roughly 1.6× PROCORE TECHNOLOGIES, INC.). PROCORE TECHNOLOGIES, INC. runs the higher net margin — -10.8% vs -33.1%, a 22.3% gap on every dollar of revenue. On growth, PROCORE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (15.6% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $109.2M). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% CAGR vs -1.8%).
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
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.
PCOR vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $349.1M | $566.0M |
| Net Profit | $-37.6M | $-187.3M |
| Gross Margin | 80.1% | 50.4% |
| Operating Margin | -12.3% | -32.5% |
| Net Margin | -10.8% | -33.1% |
| Revenue YoY | 15.6% | -6.1% |
| Net Profit YoY | 39.6% | -310.0% |
| EPS (diluted) | $-0.25 | $-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 | $349.1M | $566.0M | ||
| Q3 25 | $338.9M | $566.8M | ||
| Q2 25 | $323.9M | $589.1M | ||
| Q1 25 | $310.6M | $559.6M | ||
| Q4 24 | $302.0M | $602.5M | ||
| Q3 24 | $295.9M | $601.4M | ||
| Q2 24 | $284.3M | $604.6M | ||
| Q1 24 | $269.4M | $587.2M |
| Q4 25 | $-37.6M | $-187.3M | ||
| Q3 25 | $-9.1M | $43.3M | ||
| Q2 25 | $-21.1M | $47.9M | ||
| Q1 25 | $-33.0M | $43.1M | ||
| Q4 24 | $-62.3M | $89.2M | ||
| Q3 24 | $-26.4M | $-70.5M | ||
| Q2 24 | $-6.3M | $-46.9M | ||
| Q1 24 | $-11.0M | $56.2M |
| Q4 25 | 80.1% | 50.4% | ||
| Q3 25 | 79.7% | 49.7% | ||
| Q2 25 | 79.1% | 50.3% | ||
| Q1 25 | 79.1% | 53.7% | ||
| Q4 24 | 81.2% | 55.8% | ||
| Q3 24 | 81.4% | 53.5% | ||
| Q2 24 | 83.1% | 54.1% | ||
| Q1 24 | 83.0% | 54.0% |
| Q4 25 | -12.3% | -32.5% | ||
| Q3 25 | -4.4% | 21.0% | ||
| Q2 25 | -9.3% | 21.5% | ||
| Q1 25 | -11.7% | 21.3% | ||
| Q4 24 | -21.9% | 28.9% | ||
| Q3 24 | -12.3% | -5.9% | ||
| Q2 24 | -5.2% | -0.9% | ||
| Q1 24 | -7.0% | 22.1% |
| Q4 25 | -10.8% | -33.1% | ||
| Q3 25 | -2.7% | 7.6% | ||
| Q2 25 | -6.5% | 8.1% | ||
| Q1 25 | -10.6% | 7.7% | ||
| Q4 24 | -20.6% | 14.8% | ||
| Q3 24 | -8.9% | -11.7% | ||
| Q2 24 | -2.2% | -7.7% | ||
| Q1 24 | -4.1% | 9.6% |
| Q4 25 | $-0.25 | $-1.02 | ||
| Q3 25 | $-0.06 | $0.24 | ||
| Q2 25 | $-0.14 | $0.26 | ||
| Q1 25 | $-0.22 | $0.23 | ||
| Q4 24 | $-0.42 | $0.48 | ||
| Q3 24 | $-0.18 | $-0.37 | ||
| Q2 24 | $-0.04 | $-0.25 | ||
| Q1 24 | $-0.08 | $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 | $768.5M | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $1.3B | $856.3M |
| Total Assets | $2.2B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $768.5M | $14.6M | ||
| Q3 25 | $684.0M | $14.8M | ||
| Q2 25 | $620.9M | $12.8M | ||
| Q1 25 | $566.7M | $10.7M | ||
| Q4 24 | $775.4M | $9.0M | ||
| Q3 24 | $756.9M | $11.0M | ||
| Q2 24 | $735.4M | $5.9M | ||
| Q1 24 | $744.6M | $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 | $1.3B | $856.3M | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.2B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $2.2B | $5.8B | ||
| Q3 25 | $2.1B | $6.1B | ||
| Q2 25 | $2.0B | $6.1B | ||
| Q1 25 | $1.9B | $6.0B | ||
| Q4 24 | $2.1B | $6.0B | ||
| Q3 24 | $2.0B | $6.0B | ||
| Q2 24 | $2.0B | $6.0B | ||
| Q1 24 | $1.9B | $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 | $114.9M | $158.9M |
| Free Cash FlowOCF − Capex | $109.2M | $149.7M |
| FCF MarginFCF / Revenue | 31.3% | 26.5% |
| Capex IntensityCapex / Revenue | 1.6% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $282.2M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.9M | $158.9M | ||
| Q3 25 | $88.5M | $191.2M | ||
| Q2 25 | $30.8M | $205.3M | ||
| Q1 25 | $66.0M | $206.6M | ||
| Q4 24 | $29.1M | $178.9M | ||
| Q3 24 | $39.3M | $-1.6M | ||
| Q2 24 | $58.7M | $175.6M | ||
| Q1 24 | $69.1M | $208.7M |
| Q4 25 | $109.2M | $149.7M | ||
| Q3 25 | $83.1M | $186.9M | ||
| Q2 25 | $27.9M | $199.0M | ||
| Q1 25 | $62.0M | $202.0M | ||
| Q4 24 | $17.4M | $176.6M | ||
| Q3 24 | $35.7M | $-4.9M | ||
| Q2 24 | $56.8M | $169.4M | ||
| Q1 24 | $67.1M | $202.1M |
| Q4 25 | 31.3% | 26.5% | ||
| Q3 25 | 24.5% | 33.0% | ||
| Q2 25 | 8.6% | 33.8% | ||
| Q1 25 | 20.0% | 36.1% | ||
| Q4 24 | 5.8% | 29.3% | ||
| Q3 24 | 12.1% | -0.8% | ||
| Q2 24 | 20.0% | 28.0% | ||
| Q1 24 | 24.9% | 34.4% |
| Q4 25 | 1.6% | 1.6% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.3% | 0.8% | ||
| Q4 24 | 3.9% | 0.4% | ||
| Q3 24 | 1.2% | 0.6% | ||
| Q2 24 | 0.7% | 1.0% | ||
| Q1 24 | 0.8% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
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% |
