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Side-by-side financial comparison of PEGASYSTEMS INC (PEGA) 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 $430.0M, roughly 1.3× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -33.1%, a 40.7% gap on every dollar of revenue. On growth, WillScot Holdings Corp posted the faster year-over-year revenue change (-6.1% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $149.7M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs -1.8%).
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
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.
PEGA vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $430.0M | $566.0M |
| Net Profit | $32.8M | $-187.3M |
| Gross Margin | 75.2% | 50.4% |
| Operating Margin | 8.6% | -32.5% |
| Net Margin | 7.6% | -33.1% |
| Revenue YoY | -9.6% | -6.1% |
| Net Profit YoY | — | -310.0% |
| EPS (diluted) | $0.18 | $-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.
| Q1 26 | $430.0M | — | ||
| Q4 25 | $504.3M | $566.0M | ||
| Q3 25 | $381.4M | $566.8M | ||
| Q2 25 | $384.5M | $589.1M | ||
| Q1 25 | $475.6M | $559.6M | ||
| Q4 24 | $490.8M | $602.5M | ||
| Q3 24 | $325.1M | $601.4M | ||
| Q2 24 | $351.2M | $604.6M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $-187.3M | ||
| Q3 25 | $43.4M | $43.3M | ||
| Q2 25 | $30.1M | $47.9M | ||
| Q1 25 | $85.4M | $43.1M | ||
| Q4 24 | $119.1M | $89.2M | ||
| Q3 24 | $-14.4M | $-70.5M | ||
| Q2 24 | $6.6M | $-46.9M |
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | 50.4% | ||
| Q3 25 | 72.2% | 49.7% | ||
| Q2 25 | 71.5% | 50.3% | ||
| Q1 25 | 78.5% | 53.7% | ||
| Q4 24 | 79.1% | 55.8% | ||
| Q3 24 | 70.2% | 53.5% | ||
| Q2 24 | 72.4% | 54.1% |
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | -32.5% | ||
| Q3 25 | 3.8% | 21.0% | ||
| Q2 25 | 4.5% | 21.5% | ||
| Q1 25 | 26.7% | 21.3% | ||
| Q4 24 | 29.1% | 28.9% | ||
| Q3 24 | -3.6% | -5.9% | ||
| Q2 24 | 3.7% | -0.9% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | -33.1% | ||
| Q3 25 | 11.4% | 7.6% | ||
| Q2 25 | 7.8% | 8.1% | ||
| Q1 25 | 18.0% | 7.7% | ||
| Q4 24 | 24.3% | 14.8% | ||
| Q3 24 | -4.4% | -11.7% | ||
| Q2 24 | 1.9% | -7.7% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $-1.02 | ||
| Q3 25 | $0.24 | $0.24 | ||
| Q2 25 | $0.17 | $0.26 | ||
| Q1 25 | $0.91 | $0.23 | ||
| Q4 24 | $1.35 | $0.48 | ||
| Q3 24 | $-0.17 | $-0.37 | ||
| Q2 24 | $0.07 | $-0.25 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $270.0M | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $705.9M | $856.3M |
| Total Assets | $1.6B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $14.6M | ||
| Q3 25 | $351.4M | $14.8M | ||
| Q2 25 | $411.6M | $12.8M | ||
| Q1 25 | $371.7M | $10.7M | ||
| Q4 24 | $740.0M | $9.0M | ||
| Q3 24 | $703.0M | $11.0M | ||
| Q2 24 | $665.1M | $5.9M |
| Q1 26 | — | — | ||
| 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 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $856.3M | ||
| Q3 25 | $596.8M | $1.1B | ||
| Q2 25 | $624.5M | $1.0B | ||
| Q1 25 | $611.3M | $1.0B | ||
| Q4 24 | $585.5M | $1.0B | ||
| Q3 24 | $473.0M | $1.1B | ||
| Q2 24 | $435.4M | $1.2B |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $5.8B | ||
| Q3 25 | $1.3B | $6.1B | ||
| Q2 25 | $1.3B | $6.1B | ||
| Q1 25 | $1.3B | $6.0B | ||
| Q4 24 | $1.8B | $6.0B | ||
| Q3 24 | $1.6B | $6.0B | ||
| Q2 24 | $1.5B | $6.0B |
| Q1 26 | — | — | ||
| 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× |
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 | — | $158.9M |
| Free Cash FlowOCF − Capex | $206.5M | $149.7M |
| FCF MarginFCF / Revenue | 48.0% | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $494.9M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $158.9M | ||
| Q3 25 | $56.3M | $191.2M | ||
| Q2 25 | $86.3M | $205.3M | ||
| Q1 25 | $204.2M | $206.6M | ||
| Q4 24 | $95.2M | $178.9M | ||
| Q3 24 | $30.5M | $-1.6M | ||
| Q2 24 | $40.1M | $175.6M |
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $149.7M | ||
| Q3 25 | $51.8M | $186.9M | ||
| Q2 25 | $84.1M | $199.0M | ||
| Q1 25 | $202.3M | $202.0M | ||
| Q4 24 | $92.4M | $176.6M | ||
| Q3 24 | $27.4M | $-4.9M | ||
| Q2 24 | $38.8M | $169.4M |
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | 26.5% | ||
| Q3 25 | 13.6% | 33.0% | ||
| Q2 25 | 21.9% | 33.8% | ||
| Q1 25 | 42.5% | 36.1% | ||
| Q4 24 | 18.8% | 29.3% | ||
| Q3 24 | 8.4% | -0.8% | ||
| Q2 24 | 11.1% | 28.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 1.6% | ||
| Q3 25 | 1.2% | 0.7% | ||
| Q2 25 | 0.6% | 1.1% | ||
| Q1 25 | 0.4% | 0.8% | ||
| Q4 24 | 0.6% | 0.4% | ||
| Q3 24 | 0.9% | 0.6% | ||
| Q2 24 | 0.4% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | — | ||
| Q3 25 | 1.30× | 4.41× | ||
| Q2 25 | 2.87× | 4.28× | ||
| Q1 25 | 2.39× | 4.80× | ||
| Q4 24 | 0.80× | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.06× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
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% |
