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Side-by-side financial comparison of Park Hotels & Resorts Inc. (PK) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
Park Hotels & Resorts Inc. is the larger business by last-quarter revenue ($629.0M vs $566.0M, roughly 1.1× WillScot Holdings Corp). Park Hotels & Resorts Inc. runs the higher net margin — -32.6% vs -33.1%, a 0.5% gap on every dollar of revenue. On growth, Park Hotels & Resorts Inc. posted the faster year-over-year revenue change (0.6% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $-3.0M). Over the past eight quarters, Park Hotels & Resorts Inc.'s revenue compounded faster (-0.8% CAGR vs -1.8%).
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
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.
PK vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $629.0M | $566.0M |
| Net Profit | $-205.0M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | -26.1% | -32.5% |
| Net Margin | -32.6% | -33.1% |
| Revenue YoY | 0.6% | -6.1% |
| Net Profit YoY | -410.6% | -310.0% |
| EPS (diluted) | $-1.04 | $-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 | $629.0M | $566.0M | ||
| Q3 25 | $610.0M | $566.8M | ||
| Q2 25 | $672.0M | $589.1M | ||
| Q1 25 | $630.0M | $559.6M | ||
| Q4 24 | $625.0M | $602.5M | ||
| Q3 24 | $649.0M | $601.4M | ||
| Q2 24 | $686.0M | $604.6M | ||
| Q1 24 | $639.0M | $587.2M |
| Q4 25 | $-205.0M | $-187.3M | ||
| Q3 25 | $-16.0M | $43.3M | ||
| Q2 25 | $-5.0M | $47.9M | ||
| Q1 25 | $-57.0M | $43.1M | ||
| Q4 24 | $66.0M | $89.2M | ||
| Q3 24 | $54.0M | $-70.5M | ||
| Q2 24 | $64.0M | $-46.9M | ||
| Q1 24 | $28.0M | $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 | -26.1% | -32.5% | ||
| Q3 25 | 9.7% | 21.0% | ||
| Q2 25 | 9.7% | 21.5% | ||
| Q1 25 | 1.1% | 21.3% | ||
| Q4 24 | 13.3% | 28.9% | ||
| Q3 24 | 14.6% | -5.9% | ||
| Q2 24 | 17.6% | -0.9% | ||
| Q1 24 | 14.4% | 22.1% |
| Q4 25 | -32.6% | -33.1% | ||
| Q3 25 | -2.6% | 7.6% | ||
| Q2 25 | -0.7% | 8.1% | ||
| Q1 25 | -9.0% | 7.7% | ||
| Q4 24 | 10.6% | 14.8% | ||
| Q3 24 | 8.3% | -11.7% | ||
| Q2 24 | 9.3% | -7.7% | ||
| Q1 24 | 4.4% | 9.6% |
| Q4 25 | $-1.04 | $-1.02 | ||
| Q3 25 | $-0.08 | $0.24 | ||
| Q2 25 | $-0.02 | $0.26 | ||
| Q1 25 | $-0.29 | $0.23 | ||
| Q4 24 | $0.32 | $0.48 | ||
| Q3 24 | $0.26 | $-0.37 | ||
| Q2 24 | $0.30 | $-0.25 | ||
| Q1 24 | $0.13 | $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 | $232.0M | $14.6M |
| Total DebtLower is stronger | $3.9B | $3.6B |
| Stockholders' EquityBook value | $3.1B | $856.3M |
| Total Assets | $7.7B | $5.8B |
| Debt / EquityLower = less leverage | 1.23× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $232.0M | $14.6M | ||
| Q3 25 | $278.0M | $14.8M | ||
| Q2 25 | $319.0M | $12.8M | ||
| Q1 25 | $233.0M | $10.7M | ||
| Q4 24 | $402.0M | $9.0M | ||
| Q3 24 | $480.0M | $11.0M | ||
| Q2 24 | $449.0M | $5.9M | ||
| Q1 24 | $378.0M | $13.1M |
| Q4 25 | $3.9B | $3.6B | ||
| Q3 25 | $3.9B | $3.6B | ||
| Q2 25 | $3.9B | $3.7B | ||
| Q1 25 | $3.9B | $3.6B | ||
| Q4 24 | $3.9B | $3.7B | ||
| Q3 24 | $3.9B | $3.6B | ||
| Q2 24 | $3.9B | $3.5B | ||
| Q1 24 | $3.8B | $3.5B |
| Q4 25 | $3.1B | $856.3M | ||
| Q3 25 | $3.4B | $1.1B | ||
| Q2 25 | $3.4B | $1.0B | ||
| Q1 25 | $3.5B | $1.0B | ||
| Q4 24 | $3.6B | $1.0B | ||
| Q3 24 | $3.8B | $1.1B | ||
| Q2 24 | $3.8B | $1.2B | ||
| Q1 24 | $3.8B | $1.3B |
| Q4 25 | $7.7B | $5.8B | ||
| Q3 25 | $8.8B | $6.1B | ||
| Q2 25 | $8.9B | $6.1B | ||
| Q1 25 | $8.9B | $6.0B | ||
| Q4 24 | $9.2B | $6.0B | ||
| Q3 24 | $9.2B | $6.0B | ||
| Q2 24 | $9.2B | $6.0B | ||
| Q1 24 | $9.1B | $6.2B |
| Q4 25 | 1.23× | 4.15× | ||
| Q3 25 | 1.14× | 3.39× | ||
| Q2 25 | 1.12× | 3.55× | ||
| Q1 25 | 1.11× | 3.56× | ||
| Q4 24 | 1.06× | 3.62× | ||
| Q3 24 | 1.03× | 3.42× | ||
| Q2 24 | 1.03× | 2.88× | ||
| Q1 24 | 1.00× | 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 | $105.0M | $158.9M |
| Free Cash FlowOCF − Capex | $-3.0M | $149.7M |
| FCF MarginFCF / Revenue | -0.5% | 26.5% |
| Capex IntensityCapex / Revenue | 17.2% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.0M | $158.9M | ||
| Q3 25 | $99.0M | $191.2M | ||
| Q2 25 | $108.0M | $205.3M | ||
| Q1 25 | $86.0M | $206.6M | ||
| Q4 24 | $80.0M | $178.9M | ||
| Q3 24 | $140.0M | $-1.6M | ||
| Q2 24 | $117.0M | $175.6M | ||
| Q1 24 | $92.0M | $208.7M |
| Q4 25 | $-3.0M | $149.7M | ||
| Q3 25 | $31.0M | $186.9M | ||
| Q2 25 | $65.0M | $199.0M | ||
| Q1 25 | $9.0M | $202.0M | ||
| Q4 24 | $17.0M | $176.6M | ||
| Q3 24 | $97.0M | $-4.9M | ||
| Q2 24 | $66.0M | $169.4M | ||
| Q1 24 | $22.0M | $202.1M |
| Q4 25 | -0.5% | 26.5% | ||
| Q3 25 | 5.1% | 33.0% | ||
| Q2 25 | 9.7% | 33.8% | ||
| Q1 25 | 1.4% | 36.1% | ||
| Q4 24 | 2.7% | 29.3% | ||
| Q3 24 | 14.9% | -0.8% | ||
| Q2 24 | 9.6% | 28.0% | ||
| Q1 24 | 3.4% | 34.4% |
| Q4 25 | 17.2% | 1.6% | ||
| Q3 25 | 11.1% | 0.7% | ||
| Q2 25 | 6.4% | 1.1% | ||
| Q1 25 | 12.2% | 0.8% | ||
| Q4 24 | 10.1% | 0.4% | ||
| Q3 24 | 6.6% | 0.6% | ||
| Q2 24 | 7.4% | 1.0% | ||
| Q1 24 | 11.0% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | 1.21× | 2.01× | ||
| Q3 24 | 2.59× | — | ||
| Q2 24 | 1.83× | — | ||
| Q1 24 | 3.29× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
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% |
