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Side-by-side financial comparison of Soho House & Co Inc. (SHCO) 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 $370.8M, roughly 1.5× Soho House & Co Inc.). Soho House & Co Inc. runs the higher net margin — -5.0% vs -33.1%, a 28.1% gap on every dollar of revenue. On growth, Soho House & Co Inc. posted the faster year-over-year revenue change (11.2% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $3.5M). Over the past eight quarters, Soho House & Co Inc.'s revenue compounded faster (13.5% CAGR vs -1.8%).
Soho House is an international private members’ club with a focus on the media, arts and fashion industries.
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.
SHCO vs WSC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $370.8M | $566.0M |
| Net Profit | $-18.7M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | -1.6% | -32.5% |
| Net Margin | -5.0% | -33.1% |
| Revenue YoY | 11.2% | -6.1% |
| Net Profit YoY | -10790.3% | -310.0% |
| EPS (diluted) | $-0.10 | $-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 | — | $566.0M | ||
| Q3 25 | $370.8M | $566.8M | ||
| Q2 25 | $329.8M | $589.1M | ||
| Q1 25 | $282.9M | $559.6M | ||
| Q4 24 | $305.6M | $602.5M | ||
| Q3 24 | $333.4M | $601.4M | ||
| Q2 24 | $302.9M | $604.6M | ||
| Q1 24 | $261.9M | $587.2M |
| Q4 25 | — | $-187.3M | ||
| Q3 25 | $-18.7M | $43.3M | ||
| Q2 25 | $24.9M | $47.9M | ||
| Q1 25 | $8.2M | $43.1M | ||
| Q4 24 | $-91.7M | $89.2M | ||
| Q3 24 | $175.0K | $-70.5M | ||
| Q2 24 | $-29.9M | $-46.9M | ||
| Q1 24 | $-41.6M | $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 | — | -32.5% | ||
| Q3 25 | -1.6% | 21.0% | ||
| Q2 25 | 18.1% | 21.5% | ||
| Q1 25 | 12.3% | 21.3% | ||
| Q4 24 | -23.1% | 28.9% | ||
| Q3 24 | 11.4% | -5.9% | ||
| Q2 24 | -4.3% | -0.9% | ||
| Q1 24 | -9.3% | 22.1% |
| Q4 25 | — | -33.1% | ||
| Q3 25 | -5.0% | 7.6% | ||
| Q2 25 | 7.5% | 8.1% | ||
| Q1 25 | 2.9% | 7.7% | ||
| Q4 24 | -30.0% | 14.8% | ||
| Q3 24 | 0.1% | -11.7% | ||
| Q2 24 | -9.9% | -7.7% | ||
| Q1 24 | -15.9% | 9.6% |
| Q4 25 | — | $-1.02 | ||
| Q3 25 | $-0.10 | $0.24 | ||
| Q2 25 | $0.13 | $0.26 | ||
| Q1 25 | $0.04 | $0.23 | ||
| Q4 24 | $-0.48 | $0.48 | ||
| Q3 24 | $0.00 | $-0.37 | ||
| Q2 24 | $-0.15 | $-0.25 | ||
| Q1 24 | $-0.21 | $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 | $142.5M | $14.6M |
| Total DebtLower is stronger | $735.8M | $3.6B |
| Stockholders' EquityBook value | $-351.6M | $856.3M |
| Total Assets | $2.7B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.6M | ||
| Q3 25 | $142.5M | $14.8M | ||
| Q2 25 | $150.3M | $12.8M | ||
| Q1 25 | $150.1M | $10.7M | ||
| Q4 24 | $152.7M | $9.0M | ||
| Q3 24 | $142.8M | $11.0M | ||
| Q2 24 | $148.5M | $5.9M | ||
| Q1 24 | $139.8M | $13.1M |
| Q4 25 | — | $3.6B | ||
| Q3 25 | $735.8M | $3.6B | ||
| Q2 25 | $729.8M | $3.7B | ||
| Q1 25 | $705.1M | $3.6B | ||
| Q4 24 | $691.5M | $3.7B | ||
| Q3 24 | $694.8M | $3.6B | ||
| Q2 24 | $682.1M | $3.5B | ||
| Q1 24 | $671.7M | $3.5B |
| Q4 25 | — | $856.3M | ||
| Q3 25 | $-351.6M | $1.1B | ||
| Q2 25 | $-348.6M | $1.0B | ||
| Q1 25 | $-340.1M | $1.0B | ||
| Q4 24 | $-335.1M | $1.0B | ||
| Q3 24 | $-279.4M | $1.1B | ||
| Q2 24 | $-231.7M | $1.2B | ||
| Q1 24 | $-193.0M | $1.3B |
| Q4 25 | — | $5.8B | ||
| Q3 25 | $2.7B | $6.1B | ||
| Q2 25 | $2.6B | $6.1B | ||
| Q1 25 | $2.5B | $6.0B | ||
| Q4 24 | $2.4B | $6.0B | ||
| Q3 24 | $2.6B | $6.0B | ||
| Q2 24 | $2.6B | $6.0B | ||
| Q1 24 | $2.5B | $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 | $34.9M | $158.9M |
| Free Cash FlowOCF − Capex | $3.5M | $149.7M |
| FCF MarginFCF / Revenue | 0.9% | 26.5% |
| Capex IntensityCapex / Revenue | 8.5% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.9M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $158.9M | ||
| Q3 25 | $34.9M | $191.2M | ||
| Q2 25 | $41.0M | $205.3M | ||
| Q1 25 | $22.8M | $206.6M | ||
| Q4 24 | $26.9M | $178.9M | ||
| Q3 24 | $20.6M | $-1.6M | ||
| Q2 24 | $36.0M | $175.6M | ||
| Q1 24 | $6.2M | $208.7M |
| Q4 25 | — | $149.7M | ||
| Q3 25 | $3.5M | $186.9M | ||
| Q2 25 | $12.4M | $199.0M | ||
| Q1 25 | $7.5M | $202.0M | ||
| Q4 24 | $18.5M | $176.6M | ||
| Q3 24 | $10.3M | $-4.9M | ||
| Q2 24 | $10.2M | $169.4M | ||
| Q1 24 | $-13.5M | $202.1M |
| Q4 25 | — | 26.5% | ||
| Q3 25 | 0.9% | 33.0% | ||
| Q2 25 | 3.8% | 33.8% | ||
| Q1 25 | 2.7% | 36.1% | ||
| Q4 24 | 6.1% | 29.3% | ||
| Q3 24 | 3.1% | -0.8% | ||
| Q2 24 | 3.4% | 28.0% | ||
| Q1 24 | -5.2% | 34.4% |
| Q4 25 | — | 1.6% | ||
| Q3 25 | 8.5% | 0.7% | ||
| Q2 25 | 8.7% | 1.1% | ||
| Q1 25 | 5.4% | 0.8% | ||
| Q4 24 | 2.7% | 0.4% | ||
| Q3 24 | 3.1% | 0.6% | ||
| Q2 24 | 8.5% | 1.0% | ||
| Q1 24 | 7.5% | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | 1.65× | 4.28× | ||
| Q1 25 | 2.79× | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 117.70× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SHCO
| Membership | $122.7M | 33% |
| Other | $122.0M | 33% |
| Membership Revenue | $58.5M | 16% |
| Other Revenue | $28.5M | 8% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $24.8M | 7% |
| Elimination Of Equity Accounted Revenue | $13.4M | 4% |
| Related Party | $2.0M | 1% |
| Soho House | $1.0M | 0% |
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% |
