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Side-by-side financial comparison of Rithm Capital Corp. (RITM) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
Rithm Capital Corp. is the larger business by last-quarter revenue ($828.2M vs $566.0M, roughly 1.5× WillScot Holdings Corp). Rithm Capital Corp. runs the higher net margin — 13.2% vs -33.1%, a 46.3% gap on every dollar of revenue. On growth, Rithm Capital Corp. posted the faster year-over-year revenue change (508.5% vs -6.1%). Over the past eight quarters, WillScot Holdings Corp's revenue compounded faster (-1.8% CAGR vs -17.9%).
Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.
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.
RITM vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $828.2M | $566.0M |
| Net Profit | $109.5M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 29.9% | -32.5% |
| Net Margin | 13.2% | -33.1% |
| Revenue YoY | 508.5% | -6.1% |
| Net Profit YoY | 27.7% | -310.0% |
| EPS (diluted) | $0.12 | $-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 | $828.2M | — | ||
| Q4 25 | $1.5B | $566.0M | ||
| Q3 25 | $1.1B | $566.8M | ||
| Q2 25 | $1.2B | $589.1M | ||
| Q1 25 | $768.4M | $559.6M | ||
| Q4 24 | $2.1B | $602.5M | ||
| Q3 24 | $619.5M | $601.4M | ||
| Q2 24 | $1.2B | $604.6M |
| Q1 26 | $109.5M | — | ||
| Q4 25 | $85.0M | $-187.3M | ||
| Q3 25 | $221.5M | $43.3M | ||
| Q2 25 | $311.7M | $47.9M | ||
| Q1 25 | $78.8M | $43.1M | ||
| Q4 24 | $290.2M | $89.2M | ||
| Q3 24 | $121.7M | $-70.5M | ||
| Q2 24 | $235.6M | $-46.9M |
| Q1 26 | — | — | ||
| 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 26 | 29.9% | — | ||
| Q4 25 | 13.8% | -32.5% | ||
| Q3 25 | 21.4% | 21.0% | ||
| Q2 25 | 25.2% | 21.5% | ||
| Q1 25 | 7.4% | 21.3% | ||
| Q4 24 | 23.8% | 28.9% | ||
| Q3 24 | 7.3% | -5.9% | ||
| Q2 24 | 23.6% | -0.9% |
| Q1 26 | 13.2% | — | ||
| Q4 25 | 5.7% | -33.1% | ||
| Q3 25 | 20.0% | 7.6% | ||
| Q2 25 | 25.6% | 8.1% | ||
| Q1 25 | 10.3% | 7.7% | ||
| Q4 24 | 14.0% | 14.8% | ||
| Q3 24 | 19.7% | -11.7% | ||
| Q2 24 | 19.2% | -7.7% |
| Q1 26 | $0.12 | — | ||
| Q4 25 | $0.09 | $-1.02 | ||
| Q3 25 | $0.35 | $0.24 | ||
| Q2 25 | $0.53 | $0.26 | ||
| Q1 25 | $0.07 | $0.23 | ||
| Q4 24 | $0.50 | $0.48 | ||
| Q3 24 | $0.20 | $-0.37 | ||
| Q2 24 | $0.43 | $-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 | — | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $9.1B | $856.3M |
| Total Assets | $53.4B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $14.6M | ||
| Q3 25 | $1.6B | $14.8M | ||
| Q2 25 | $1.6B | $12.8M | ||
| Q1 25 | $1.5B | $10.7M | ||
| Q4 24 | $1.5B | $9.0M | ||
| Q3 24 | $1.6B | $11.0M | ||
| Q2 24 | $1.2B | $5.9M |
| Q1 26 | — | — | ||
| Q4 25 | $35.4B | $3.6B | ||
| Q3 25 | $32.2B | $3.6B | ||
| Q2 25 | $31.2B | $3.7B | ||
| Q1 25 | $32.2B | $3.6B | ||
| Q4 24 | $32.6B | $3.7B | ||
| Q3 24 | $29.6B | $3.6B | ||
| Q2 24 | $30.1B | $3.5B |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $8.4B | $856.3M | ||
| Q3 25 | $8.5B | $1.1B | ||
| Q2 25 | $7.9B | $1.0B | ||
| Q1 25 | $7.8B | $1.0B | ||
| Q4 24 | $7.8B | $1.0B | ||
| Q3 24 | $7.7B | $1.1B | ||
| Q2 24 | $7.3B | $1.2B |
| Q1 26 | $53.4B | — | ||
| Q4 25 | $53.1B | $5.8B | ||
| Q3 25 | $47.2B | $6.1B | ||
| Q2 25 | $44.3B | $6.1B | ||
| Q1 25 | $45.3B | $6.0B | ||
| Q4 24 | $46.0B | $6.0B | ||
| Q3 24 | $42.3B | $6.0B | ||
| Q2 24 | $42.0B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | 4.20× | 4.15× | ||
| Q3 25 | 3.79× | 3.39× | ||
| Q2 25 | 3.92× | 3.55× | ||
| Q1 25 | 4.14× | 3.56× | ||
| Q4 24 | 4.18× | 3.62× | ||
| Q3 24 | 3.87× | 3.42× | ||
| Q2 24 | 4.10× | 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 | — | $149.7M |
| FCF MarginFCF / Revenue | — | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-114.6M | $158.9M | ||
| Q3 25 | $-2.0B | $191.2M | ||
| Q2 25 | $-557.1M | $205.3M | ||
| Q1 25 | $1.4B | $206.6M | ||
| Q4 24 | $-1.8B | $178.9M | ||
| Q3 24 | $768.1M | $-1.6M | ||
| Q2 24 | $-55.7M | $175.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | — | $199.0M | ||
| Q1 25 | — | $202.0M | ||
| Q4 24 | — | $176.6M | ||
| Q3 24 | — | $-4.9M | ||
| Q2 24 | — | $169.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 29.3% | ||
| Q3 24 | — | -0.8% | ||
| Q2 24 | — | 28.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | -1.35× | — | ||
| Q3 25 | -9.22× | 4.41× | ||
| Q2 25 | -1.79× | 4.28× | ||
| Q1 25 | 18.03× | 4.80× | ||
| Q4 24 | -6.04× | 2.01× | ||
| Q3 24 | 6.31× | — | ||
| Q2 24 | -0.24× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
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% |
