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Side-by-side financial comparison of UDR, Inc. (UDR) 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 $425.8M, roughly 1.3× UDR, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs -33.1%, a 77.7% gap on every dollar of revenue. On growth, UDR, Inc. posted the faster year-over-year revenue change (0.9% vs -6.1%). Over the past eight quarters, UDR, Inc.'s revenue compounded faster (1.3% CAGR vs -1.8%).
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
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.
UDR vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $425.8M | $566.0M |
| Net Profit | $189.8M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | 54.0% | -32.5% |
| Net Margin | 44.6% | -33.1% |
| Revenue YoY | 0.9% | -6.1% |
| Net Profit YoY | 147.2% | -310.0% |
| EPS (diluted) | $0.63 | $-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 | $425.8M | — | ||
| Q4 25 | $433.1M | $566.0M | ||
| Q3 25 | $431.9M | $566.8M | ||
| Q2 25 | $425.4M | $589.1M | ||
| Q1 25 | $421.9M | $559.6M | ||
| Q4 24 | $422.7M | $602.5M | ||
| Q3 24 | $420.2M | $601.4M | ||
| Q2 24 | $415.3M | $604.6M |
| Q1 26 | $189.8M | — | ||
| Q4 25 | $222.9M | $-187.3M | ||
| Q3 25 | $40.4M | $43.3M | ||
| Q2 25 | $37.7M | $47.9M | ||
| Q1 25 | $76.7M | $43.1M | ||
| Q4 24 | $-5.0M | $89.2M | ||
| Q3 24 | $22.6M | $-70.5M | ||
| Q2 24 | $28.9M | $-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 | 54.0% | — | ||
| Q4 25 | 64.1% | -32.5% | ||
| Q3 25 | 17.7% | 21.0% | ||
| Q2 25 | 18.2% | 21.5% | ||
| Q1 25 | 29.0% | 21.3% | ||
| Q4 24 | 15.7% | 28.9% | ||
| Q3 24 | 16.6% | -5.9% | ||
| Q2 24 | 16.5% | -0.9% |
| Q1 26 | 44.6% | — | ||
| Q4 25 | 51.5% | -33.1% | ||
| Q3 25 | 9.4% | 7.6% | ||
| Q2 25 | 8.9% | 8.1% | ||
| Q1 25 | 18.2% | 7.7% | ||
| Q4 24 | -220.5% | 14.8% | ||
| Q3 24 | 5.4% | -11.7% | ||
| Q2 24 | 7.0% | -7.7% |
| Q1 26 | $0.63 | — | ||
| Q4 25 | $0.67 | $-1.02 | ||
| Q3 25 | $0.12 | $0.24 | ||
| Q2 25 | $0.11 | $0.26 | ||
| Q1 25 | $0.23 | $0.23 | ||
| Q4 24 | $-0.01 | $0.48 | ||
| Q3 24 | $0.06 | $-0.37 | ||
| Q2 24 | $0.08 | $-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 | $1.3M | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $3.3B | $856.3M |
| Total Assets | $10.3B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3M | — | ||
| Q4 25 | $1.2M | $14.6M | ||
| Q3 25 | $1.2M | $14.8M | ||
| Q2 25 | $1.5M | $12.8M | ||
| Q1 25 | $1.3M | $10.7M | ||
| Q4 24 | $1.3M | $9.0M | ||
| Q3 24 | $2.3M | $11.0M | ||
| Q2 24 | $2.8M | $5.9M |
| Q1 26 | — | — | ||
| Q4 25 | $5.8B | $3.6B | ||
| Q3 25 | $5.8B | $3.6B | ||
| Q2 25 | $5.8B | $3.7B | ||
| Q1 25 | $5.8B | $3.6B | ||
| Q4 24 | $5.8B | $3.7B | ||
| Q3 24 | $5.9B | $3.6B | ||
| Q2 24 | $5.8B | $3.5B |
| Q1 26 | $3.3B | — | ||
| Q4 25 | $3.3B | $856.3M | ||
| Q3 25 | $3.3B | $1.1B | ||
| Q2 25 | $3.3B | $1.0B | ||
| Q1 25 | $3.3B | $1.0B | ||
| Q4 24 | $3.4B | $1.0B | ||
| Q3 24 | $3.5B | $1.1B | ||
| Q2 24 | $3.7B | $1.2B |
| Q1 26 | $10.3B | — | ||
| Q4 25 | $10.6B | $5.8B | ||
| Q3 25 | $10.6B | $6.1B | ||
| Q2 25 | $10.6B | $6.1B | ||
| Q1 25 | $10.7B | $6.0B | ||
| Q4 24 | $10.9B | $6.0B | ||
| Q3 24 | $11.1B | $6.0B | ||
| Q2 24 | $11.1B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 4.15× | ||
| Q3 25 | 1.78× | 3.39× | ||
| Q2 25 | 1.74× | 3.55× | ||
| Q1 25 | 1.74× | 3.56× | ||
| Q4 24 | 1.69× | 3.62× | ||
| Q3 24 | 1.67× | 3.42× | ||
| Q2 24 | 1.55× | 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 | 4.9% | 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 | $902.9M | $158.9M | ||
| Q3 25 | $234.9M | $191.2M | ||
| Q2 25 | $250.3M | $205.3M | ||
| Q1 25 | $156.2M | $206.6M | ||
| Q4 24 | $876.8M | $178.9M | ||
| Q3 24 | $230.3M | $-1.6M | ||
| Q2 24 | $238.5M | $175.6M |
| Q1 26 | — | — | ||
| Q4 25 | $650.0M | $149.7M | ||
| Q3 25 | $164.6M | $186.9M | ||
| Q2 25 | $190.1M | $199.0M | ||
| Q1 25 | $103.2M | $202.0M | ||
| Q4 24 | $627.0M | $176.6M | ||
| Q3 24 | $161.3M | $-4.9M | ||
| Q2 24 | $171.1M | $169.4M |
| Q1 26 | — | — | ||
| Q4 25 | 150.1% | 26.5% | ||
| Q3 25 | 38.1% | 33.0% | ||
| Q2 25 | 44.7% | 33.8% | ||
| Q1 25 | 24.5% | 36.1% | ||
| Q4 24 | 148.3% | 29.3% | ||
| Q3 24 | 38.4% | -0.8% | ||
| Q2 24 | 41.2% | 28.0% |
| Q1 26 | 4.9% | — | ||
| Q4 25 | 58.4% | 1.6% | ||
| Q3 25 | 16.3% | 0.7% | ||
| Q2 25 | 14.2% | 1.1% | ||
| Q1 25 | 12.6% | 0.8% | ||
| Q4 24 | 59.1% | 0.4% | ||
| Q3 24 | 16.4% | 0.6% | ||
| Q2 24 | 16.2% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.05× | — | ||
| Q3 25 | 5.81× | 4.41× | ||
| Q2 25 | 6.64× | 4.28× | ||
| Q1 25 | 2.04× | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | 10.19× | — | ||
| Q2 24 | 8.26× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 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% |
