vs
Side-by-side financial comparison of RLI CORP (RLI) 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 $465.7M, roughly 1.2× RLI CORP). RLI CORP runs the higher net margin — 19.6% vs -33.1%, a 52.7% gap on every dollar of revenue. On growth, RLI CORP posted the faster year-over-year revenue change (6.1% vs -6.1%). RLI CORP produced more free cash flow last quarter ($155.0M vs $149.7M). Over the past eight quarters, RLI CORP's revenue compounded faster (2.3% CAGR vs -1.8%).
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.
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.
RLI vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $465.7M | $566.0M |
| Net Profit | $91.2M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 24.4% | -32.5% |
| Net Margin | 19.6% | -33.1% |
| Revenue YoY | 6.1% | -6.1% |
| Net Profit YoY | 123.1% | -310.0% |
| EPS (diluted) | $1.00 | $-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 | $465.7M | $566.0M | ||
| Q3 25 | $509.3M | $566.8M | ||
| Q2 25 | $499.8M | $589.1M | ||
| Q1 25 | $407.7M | $559.6M | ||
| Q4 24 | $439.1M | $602.5M | ||
| Q3 24 | $470.0M | $601.4M | ||
| Q2 24 | $416.4M | $604.6M | ||
| Q1 24 | $444.8M | $587.2M |
| Q4 25 | $91.2M | $-187.3M | ||
| Q3 25 | $124.6M | $43.3M | ||
| Q2 25 | $124.3M | $47.9M | ||
| Q1 25 | $63.2M | $43.1M | ||
| Q4 24 | $40.9M | $89.2M | ||
| Q3 24 | $95.0M | $-70.5M | ||
| Q2 24 | $82.0M | $-46.9M | ||
| Q1 24 | $127.9M | $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 | 24.4% | -32.5% | ||
| Q3 25 | 30.9% | 21.0% | ||
| Q2 25 | 31.3% | 21.5% | ||
| Q1 25 | 19.3% | 21.3% | ||
| Q4 24 | 10.8% | 28.9% | ||
| Q3 24 | 24.9% | -5.9% | ||
| Q2 24 | 24.8% | -0.9% | ||
| Q1 24 | 36.0% | 22.1% |
| Q4 25 | 19.6% | -33.1% | ||
| Q3 25 | 24.5% | 7.6% | ||
| Q2 25 | 24.9% | 8.1% | ||
| Q1 25 | 15.5% | 7.7% | ||
| Q4 24 | 9.3% | 14.8% | ||
| Q3 24 | 20.2% | -11.7% | ||
| Q2 24 | 19.7% | -7.7% | ||
| Q1 24 | 28.8% | 9.6% |
| Q4 25 | $1.00 | $-1.02 | ||
| Q3 25 | $1.35 | $0.24 | ||
| Q2 25 | $1.34 | $0.26 | ||
| Q1 25 | $0.68 | $0.23 | ||
| Q4 24 | $-2.87 | $0.48 | ||
| Q3 24 | $2.06 | $-0.37 | ||
| Q2 24 | $1.78 | $-0.25 | ||
| Q1 24 | $2.77 | $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 | — | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $1.8B | $856.3M |
| Total Assets | $6.2B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.6M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $10.7M | ||
| Q4 24 | — | $9.0M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $5.9M | ||
| Q1 24 | — | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | $100.0M | $3.6B | ||
| Q2 25 | $100.0M | $3.7B | ||
| Q1 25 | $100.0M | $3.6B | ||
| Q4 24 | $100.0M | $3.7B | ||
| Q3 24 | $100.0M | $3.6B | ||
| Q2 24 | $100.0M | $3.5B | ||
| Q1 24 | $100.0M | $3.5B |
| Q4 25 | $1.8B | $856.3M | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.5B | $1.0B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.5B | $1.3B |
| Q4 25 | $6.2B | $5.8B | ||
| Q3 25 | $6.2B | $6.1B | ||
| Q2 25 | $6.0B | $6.1B | ||
| Q1 25 | $5.7B | $6.0B | ||
| Q4 24 | $5.6B | $6.0B | ||
| Q3 24 | $5.8B | $6.0B | ||
| Q2 24 | $5.5B | $6.0B | ||
| Q1 24 | $5.3B | $6.2B |
| Q4 25 | — | 4.15× | ||
| Q3 25 | 0.05× | 3.39× | ||
| Q2 25 | 0.06× | 3.55× | ||
| Q1 25 | 0.06× | 3.56× | ||
| Q4 24 | 0.07× | 3.62× | ||
| Q3 24 | 0.06× | 3.42× | ||
| Q2 24 | 0.06× | 2.88× | ||
| Q1 24 | 0.07× | 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 | $156.8M | $158.9M |
| Free Cash FlowOCF − Capex | $155.0M | $149.7M |
| FCF MarginFCF / Revenue | 33.3% | 26.5% |
| Capex IntensityCapex / Revenue | 0.4% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | $608.7M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $156.8M | $158.9M | ||
| Q3 25 | $179.2M | $191.2M | ||
| Q2 25 | $174.7M | $205.3M | ||
| Q1 25 | $103.5M | $206.6M | ||
| Q4 24 | $128.1M | $178.9M | ||
| Q3 24 | $219.4M | $-1.6M | ||
| Q2 24 | $141.8M | $175.6M | ||
| Q1 24 | $70.9M | $208.7M |
| Q4 25 | $155.0M | $149.7M | ||
| Q3 25 | $177.8M | $186.9M | ||
| Q2 25 | $173.4M | $199.0M | ||
| Q1 25 | $102.5M | $202.0M | ||
| Q4 24 | $127.6M | $176.6M | ||
| Q3 24 | $219.0M | $-4.9M | ||
| Q2 24 | $139.1M | $169.4M | ||
| Q1 24 | $69.9M | $202.1M |
| Q4 25 | 33.3% | 26.5% | ||
| Q3 25 | 34.9% | 33.0% | ||
| Q2 25 | 34.7% | 33.8% | ||
| Q1 25 | 25.1% | 36.1% | ||
| Q4 24 | 29.0% | 29.3% | ||
| Q3 24 | 46.6% | -0.8% | ||
| Q2 24 | 33.4% | 28.0% | ||
| Q1 24 | 15.7% | 34.4% |
| Q4 25 | 0.4% | 1.6% | ||
| Q3 25 | 0.3% | 0.7% | ||
| Q2 25 | 0.3% | 1.1% | ||
| Q1 25 | 0.3% | 0.8% | ||
| Q4 24 | 0.1% | 0.4% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | 0.7% | 1.0% | ||
| Q1 24 | 0.2% | 1.1% |
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.44× | 4.41× | ||
| Q2 25 | 1.41× | 4.28× | ||
| Q1 25 | 1.64× | 4.80× | ||
| Q4 24 | 3.13× | 2.01× | ||
| Q3 24 | 2.31× | — | ||
| Q2 24 | 1.73× | — | ||
| Q1 24 | 0.55× | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
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% |
