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Side-by-side financial comparison of SouthState Bank Corp (SSB) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
SouthState Bank Corp is the larger business by last-quarter revenue ($661.7M vs $566.0M, roughly 1.2× WillScot Holdings Corp). SouthState Bank Corp runs the higher net margin — 34.1% vs -33.1%, a 67.2% gap on every dollar of revenue. Over the past eight quarters, SouthState Bank Corp's revenue compounded faster (37.4% CAGR vs -1.8%).
SouthState Bank, based in Winter Haven, Florida, is an American bank and a subsidiary of SouthState Corporation, a bank holding company. As of May 26, 2025, the company had 371 branches in South Carolina, North Carolina, Georgia, Florida, Alabama, Virginia, Colorado and Texas.
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.
SSB vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $661.7M | $566.0M |
| Net Profit | $225.8M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 15.1% | -32.5% |
| Net Margin | 34.1% | -33.1% |
| Revenue YoY | — | -6.1% |
| Net Profit YoY | 153.5% | -310.0% |
| EPS (diluted) | $2.28 | $-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 | $661.7M | — | ||
| Q4 25 | $581.1M | $566.0M | ||
| Q3 25 | $599.7M | $566.8M | ||
| Q2 25 | $577.9M | $589.1M | ||
| Q1 25 | $544.5M | $559.6M | ||
| Q4 24 | $369.8M | $602.5M | ||
| Q3 24 | $351.5M | $601.4M | ||
| Q2 24 | $350.3M | $604.6M |
| Q1 26 | $225.8M | — | ||
| Q4 25 | $247.7M | $-187.3M | ||
| Q3 25 | $246.6M | $43.3M | ||
| Q2 25 | $215.2M | $47.9M | ||
| Q1 25 | $89.1M | $43.1M | ||
| Q4 24 | $144.2M | $89.2M | ||
| Q3 24 | $143.2M | $-70.5M | ||
| Q2 24 | $132.4M | $-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 | 15.1% | — | ||
| Q4 25 | 54.3% | -32.5% | ||
| Q3 25 | 53.6% | 21.0% | ||
| Q2 25 | 48.8% | 21.5% | ||
| Q1 25 | 22.3% | 21.3% | ||
| Q4 24 | 50.7% | 28.9% | ||
| Q3 24 | 53.1% | -5.9% | ||
| Q2 24 | 49.3% | -0.9% |
| Q1 26 | 34.1% | — | ||
| Q4 25 | 42.6% | -33.1% | ||
| Q3 25 | 41.1% | 7.6% | ||
| Q2 25 | 37.2% | 8.1% | ||
| Q1 25 | 16.4% | 7.7% | ||
| Q4 24 | 39.0% | 14.8% | ||
| Q3 24 | 40.7% | -11.7% | ||
| Q2 24 | 37.8% | -7.7% |
| Q1 26 | $2.28 | — | ||
| Q4 25 | $2.47 | $-1.02 | ||
| Q3 25 | $2.42 | $0.24 | ||
| Q2 25 | $2.11 | $0.26 | ||
| Q1 25 | $0.87 | $0.23 | ||
| Q4 24 | $1.88 | $0.48 | ||
| Q3 24 | $1.86 | $-0.37 | ||
| Q2 24 | $1.73 | $-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 | $2.9B | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $9.0B | $856.3M |
| Total Assets | $68.0B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.9B | — | ||
| 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 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 | $9.0B | — | ||
| Q4 25 | $9.1B | $856.3M | ||
| Q3 25 | $9.0B | $1.1B | ||
| Q2 25 | $8.8B | $1.0B | ||
| Q1 25 | $8.6B | $1.0B | ||
| Q4 24 | $5.9B | $1.0B | ||
| Q3 24 | $5.9B | $1.1B | ||
| Q2 24 | $5.7B | $1.2B |
| Q1 26 | $68.0B | — | ||
| Q4 25 | $67.2B | $5.8B | ||
| Q3 25 | $66.0B | $6.1B | ||
| Q2 25 | $65.9B | $6.1B | ||
| Q1 25 | $65.1B | $6.0B | ||
| Q4 24 | $46.4B | $6.0B | ||
| Q3 24 | $46.1B | $6.0B | ||
| Q2 24 | $45.5B | $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 | — | $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 | $232.1M | $158.9M | ||
| Q3 25 | $122.4M | $191.2M | ||
| Q2 25 | $72.6M | $205.3M | ||
| Q1 25 | $-126.3M | $206.6M | ||
| Q4 24 | $354.3M | $178.9M | ||
| Q3 24 | $-246.8M | $-1.6M | ||
| Q2 24 | $126.8M | $175.6M |
| Q1 26 | — | — | ||
| Q4 25 | $215.5M | $149.7M | ||
| Q3 25 | $101.7M | $186.9M | ||
| Q2 25 | $52.5M | $199.0M | ||
| Q1 25 | $-139.1M | $202.0M | ||
| Q4 24 | $340.9M | $176.6M | ||
| Q3 24 | $-254.2M | $-4.9M | ||
| Q2 24 | $117.3M | $169.4M |
| Q1 26 | — | — | ||
| Q4 25 | 37.1% | 26.5% | ||
| Q3 25 | 17.0% | 33.0% | ||
| Q2 25 | 9.1% | 33.8% | ||
| Q1 25 | -25.5% | 36.1% | ||
| Q4 24 | 92.2% | 29.3% | ||
| Q3 24 | -72.3% | -0.8% | ||
| Q2 24 | 33.5% | 28.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 1.6% | ||
| Q3 25 | 3.5% | 0.7% | ||
| Q2 25 | 3.5% | 1.1% | ||
| Q1 25 | 2.4% | 0.8% | ||
| Q4 24 | 3.6% | 0.4% | ||
| Q3 24 | 2.1% | 0.6% | ||
| Q2 24 | 2.7% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.50× | 4.41× | ||
| Q2 25 | 0.34× | 4.28× | ||
| Q1 25 | -1.42× | 4.80× | ||
| Q4 24 | 2.46× | 2.01× | ||
| Q3 24 | -1.72× | — | ||
| Q2 24 | 0.96× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
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% |
