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Side-by-side financial comparison of Strategic Education, Inc. (STRA) 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 $305.9M, roughly 1.9× Strategic Education, Inc.). Strategic Education, Inc. runs the higher net margin — 10.7% vs -33.1%, a 43.8% gap on every dollar of revenue. On growth, Strategic Education, Inc. posted the faster year-over-year revenue change (0.8% vs -6.1%). WillScot Holdings Corp produced more free cash flow last quarter ($149.7M vs $77.3M). Over the past eight quarters, Strategic Education, Inc.'s revenue compounded faster (-1.0% CAGR vs -1.8%).
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
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.
STRA vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $305.9M | $566.0M |
| Net Profit | $32.8M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 13.4% | -32.5% |
| Net Margin | 10.7% | -33.1% |
| Revenue YoY | 0.8% | -6.1% |
| Net Profit YoY | 10.3% | -310.0% |
| EPS (diluted) | $1.48 | $-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 | $305.9M | — | ||
| Q4 25 | $323.2M | $566.0M | ||
| Q3 25 | $319.9M | $566.8M | ||
| Q2 25 | $321.5M | $589.1M | ||
| Q1 25 | $303.6M | $559.6M | ||
| Q4 24 | $311.5M | $602.5M | ||
| Q3 24 | $306.0M | $601.4M | ||
| Q2 24 | $312.3M | $604.6M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $37.9M | $-187.3M | ||
| Q3 25 | $26.6M | $43.3M | ||
| Q2 25 | $32.3M | $47.9M | ||
| Q1 25 | $29.7M | $43.1M | ||
| Q4 24 | $25.3M | $89.2M | ||
| Q3 24 | $27.7M | $-70.5M | ||
| Q2 24 | $29.9M | $-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 | 13.4% | — | ||
| Q4 25 | 16.0% | -32.5% | ||
| Q3 25 | 11.6% | 21.0% | ||
| Q2 25 | 14.2% | 21.5% | ||
| Q1 25 | 13.1% | 21.3% | ||
| Q4 24 | 11.6% | 28.9% | ||
| Q3 24 | 11.9% | -5.9% | ||
| Q2 24 | 13.4% | -0.9% |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 11.7% | -33.1% | ||
| Q3 25 | 8.3% | 7.6% | ||
| Q2 25 | 10.1% | 8.1% | ||
| Q1 25 | 9.8% | 7.7% | ||
| Q4 24 | 8.1% | 14.8% | ||
| Q3 24 | 9.1% | -11.7% | ||
| Q2 24 | 9.6% | -7.7% |
| Q1 26 | $1.48 | — | ||
| Q4 25 | $1.65 | $-1.02 | ||
| Q3 25 | $1.15 | $0.24 | ||
| Q2 25 | $1.37 | $0.26 | ||
| Q1 25 | $1.24 | $0.23 | ||
| Q4 24 | $1.05 | $0.48 | ||
| Q3 24 | $1.15 | $-0.37 | ||
| Q2 24 | $1.24 | $-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 | $150.3M | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $1.6B | $856.3M |
| Total Assets | $2.1B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $150.3M | — | ||
| Q4 25 | $148.1M | $14.6M | ||
| Q3 25 | $172.6M | $14.8M | ||
| Q2 25 | $164.9M | $12.8M | ||
| Q1 25 | $182.6M | $10.7M | ||
| Q4 24 | $184.0M | $9.0M | ||
| Q3 24 | $222.1M | $11.0M | ||
| Q2 24 | $256.2M | $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 | $1.6B | — | ||
| Q4 25 | $1.6B | $856.3M | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.7B | $1.1B | ||
| Q2 24 | $1.7B | $1.2B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.0B | $5.8B | ||
| Q3 25 | $2.1B | $6.1B | ||
| Q2 25 | $2.1B | $6.1B | ||
| Q1 25 | $2.1B | $6.0B | ||
| Q4 24 | $2.0B | $6.0B | ||
| Q3 24 | $2.2B | $6.0B | ||
| Q2 24 | $2.2B | $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 | $87.4M | $158.9M |
| Free Cash FlowOCF − Capex | $77.3M | $149.7M |
| FCF MarginFCF / Revenue | 25.3% | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | 2.66× | — |
| TTM Free Cash FlowTrailing 4 quarters | $173.9M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $87.4M | — | ||
| Q4 25 | $39.2M | $158.9M | ||
| Q3 25 | $60.1M | $191.2M | ||
| Q2 25 | $31.2M | $205.3M | ||
| Q1 25 | $67.7M | $206.6M | ||
| Q4 24 | $15.9M | $178.9M | ||
| Q3 24 | $51.5M | $-1.6M | ||
| Q2 24 | $24.3M | $175.6M |
| Q1 26 | $77.3M | — | ||
| Q4 25 | $27.0M | $149.7M | ||
| Q3 25 | $49.3M | $186.9M | ||
| Q2 25 | $20.4M | $199.0M | ||
| Q1 25 | $57.3M | $202.0M | ||
| Q4 24 | $4.7M | $176.6M | ||
| Q3 24 | $42.1M | $-4.9M | ||
| Q2 24 | $13.6M | $169.4M |
| Q1 26 | 25.3% | — | ||
| Q4 25 | 8.3% | 26.5% | ||
| Q3 25 | 15.4% | 33.0% | ||
| Q2 25 | 6.3% | 33.8% | ||
| Q1 25 | 18.9% | 36.1% | ||
| Q4 24 | 1.5% | 29.3% | ||
| Q3 24 | 13.8% | -0.8% | ||
| Q2 24 | 4.3% | 28.0% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 1.6% | ||
| Q3 25 | 3.4% | 0.7% | ||
| Q2 25 | 3.4% | 1.1% | ||
| Q1 25 | 3.4% | 0.8% | ||
| Q4 24 | 3.6% | 0.4% | ||
| Q3 24 | 3.1% | 0.6% | ||
| Q2 24 | 3.4% | 1.0% |
| Q1 26 | 2.66× | — | ||
| Q4 25 | 1.03× | — | ||
| Q3 25 | 2.26× | 4.41× | ||
| Q2 25 | 0.97× | 4.28× | ||
| Q1 25 | 2.27× | 4.80× | ||
| Q4 24 | 0.63× | 2.01× | ||
| Q3 24 | 1.86× | — | ||
| Q2 24 | 0.81× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
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% |
