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Side-by-side financial comparison of TKO Group Holdings (TKO) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
TKO Group Holdings is the larger business by last-quarter revenue ($1.0B vs $566.0M, roughly 1.8× WillScot Holdings Corp). TKO Group Holdings runs the higher net margin — -0.2% vs -33.1%, a 32.9% gap on every dollar of revenue. On growth, TKO Group Holdings posted the faster year-over-year revenue change (61.6% vs -6.1%). Over the past eight quarters, TKO Group Holdings's revenue compounded faster (28.4% CAGR vs -1.8%).
TKO Group Holdings, Inc. (TKO) is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of the Ultimate Fighting Championship (UFC), a mixed martial arts promotion—and the professional wrestling promotion World Wrestling Entertainment (WWE).
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.
TKO vs WSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $566.0M |
| Net Profit | $-2.4M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 5.5% | -32.5% |
| Net Margin | -0.2% | -33.1% |
| Revenue YoY | 61.6% | -6.1% |
| Net Profit YoY | -107.7% | -310.0% |
| EPS (diluted) | $-0.07 | $-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 | $1.0B | $566.0M | ||
| Q3 25 | $1.1B | $566.8M | ||
| Q2 25 | $1.3B | $589.1M | ||
| Q1 25 | $1.3B | $559.6M | ||
| Q4 24 | $642.2M | $602.5M | ||
| Q3 24 | $681.3M | $601.4M | ||
| Q2 24 | $851.2M | $604.6M | ||
| Q1 24 | $629.7M | $587.2M |
| Q4 25 | $-2.4M | $-187.3M | ||
| Q3 25 | $41.0M | $43.3M | ||
| Q2 25 | $98.4M | $47.9M | ||
| Q1 25 | $58.4M | $43.1M | ||
| Q4 24 | $31.0M | $89.2M | ||
| Q3 24 | $23.1M | $-70.5M | ||
| Q2 24 | $59.1M | $-46.9M | ||
| Q1 24 | $-103.8M | $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 | 5.5% | -32.5% | ||
| Q3 25 | 15.4% | 21.0% | ||
| Q2 25 | 28.1% | 21.5% | ||
| Q1 25 | 18.7% | 21.3% | ||
| Q4 24 | 15.9% | 28.9% | ||
| Q3 24 | 20.0% | -5.9% | ||
| Q2 24 | 30.0% | -0.9% | ||
| Q1 24 | -33.4% | 22.1% |
| Q4 25 | -0.2% | -33.1% | ||
| Q3 25 | 3.7% | 7.6% | ||
| Q2 25 | 7.5% | 8.1% | ||
| Q1 25 | 4.6% | 7.7% | ||
| Q4 24 | 4.8% | 14.8% | ||
| Q3 24 | 3.4% | -11.7% | ||
| Q2 24 | 6.9% | -7.7% | ||
| Q1 24 | -16.5% | 9.6% |
| Q4 25 | $-0.07 | $-1.02 | ||
| Q3 25 | $0.47 | $0.24 | ||
| Q2 25 | $1.17 | $0.26 | ||
| Q1 25 | $0.69 | $0.23 | ||
| Q4 24 | $0.28 | $0.48 | ||
| Q3 24 | $0.28 | $-0.37 | ||
| Q2 24 | $0.72 | $-0.25 | ||
| Q1 24 | $-1.26 | $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 | $831.1M | $14.6M |
| Total DebtLower is stronger | $3.8B | $3.6B |
| Stockholders' EquityBook value | $3.7B | $856.3M |
| Total Assets | $15.5B | $5.8B |
| Debt / EquityLower = less leverage | 1.01× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $831.1M | $14.6M | ||
| Q3 25 | $861.4M | $14.8M | ||
| Q2 25 | $535.1M | $12.8M | ||
| Q1 25 | $470.9M | $10.7M | ||
| Q4 24 | $525.6M | $9.0M | ||
| Q3 24 | $457.4M | $11.0M | ||
| Q2 24 | $277.5M | $5.9M | ||
| Q1 24 | $245.8M | $13.1M |
| Q4 25 | $3.8B | $3.6B | ||
| Q3 25 | $3.7B | $3.6B | ||
| Q2 25 | $2.7B | $3.7B | ||
| Q1 25 | $2.8B | $3.6B | ||
| Q4 24 | $2.8B | $3.7B | ||
| Q3 24 | $2.7B | $3.6B | ||
| Q2 24 | $2.7B | $3.5B | ||
| Q1 24 | $2.7B | $3.5B |
| Q4 25 | $3.7B | $856.3M | ||
| Q3 25 | $3.8B | $1.1B | ||
| Q2 25 | $4.3B | $1.0B | ||
| Q1 25 | $4.2B | $1.0B | ||
| Q4 24 | $4.1B | $1.0B | ||
| Q3 24 | $4.0B | $1.1B | ||
| Q2 24 | $4.0B | $1.2B | ||
| Q1 24 | $4.0B | $1.3B |
| Q4 25 | $15.5B | $5.8B | ||
| Q3 25 | $15.5B | $6.1B | ||
| Q2 25 | $15.3B | $6.1B | ||
| Q1 25 | $15.0B | $6.0B | ||
| Q4 24 | $12.7B | $6.0B | ||
| Q3 24 | $12.8B | $6.0B | ||
| Q2 24 | $12.7B | $6.0B | ||
| Q1 24 | $12.7B | $6.2B |
| Q4 25 | 1.01× | 4.15× | ||
| Q3 25 | 0.98× | 3.39× | ||
| Q2 25 | 0.64× | 3.55× | ||
| Q1 25 | 0.66× | 3.56× | ||
| Q4 24 | 0.67× | 3.62× | ||
| Q3 24 | 0.67× | 3.42× | ||
| Q2 24 | 0.68× | 2.88× | ||
| Q1 24 | 0.68× | 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 | $309.9M | $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.
| Q4 25 | $309.9M | $158.9M | ||
| Q3 25 | $416.8M | $191.2M | ||
| Q2 25 | $396.2M | $205.3M | ||
| Q1 25 | $162.8M | $206.6M | ||
| Q4 24 | $56.8M | $178.9M | ||
| Q3 24 | $236.5M | $-1.6M | ||
| Q2 24 | $230.7M | $175.6M | ||
| Q1 24 | $59.3M | $208.7M |
| 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 24 | — | $202.1M |
| 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 24 | — | 34.4% |
| 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 24 | — | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | 10.16× | 4.41× | ||
| Q2 25 | 4.03× | 4.28× | ||
| Q1 25 | 2.79× | 4.80× | ||
| Q4 24 | 1.83× | 2.01× | ||
| Q3 24 | 10.22× | — | ||
| Q2 24 | 3.90× | — | ||
| Q1 24 | — | 3.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
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% |
