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Side-by-side financial comparison of WEBSTER FINANCIAL CORP (WBS) and WillScot Holdings Corp (WSC). Click either name above to swap in a different company.
WEBSTER FINANCIAL CORP is the larger business by last-quarter revenue ($735.9M vs $566.0M, roughly 1.3× WillScot Holdings Corp). WEBSTER FINANCIAL CORP runs the higher net margin — 33.5% vs -33.1%, a 66.6% gap on every dollar of revenue. Over the past eight quarters, WEBSTER FINANCIAL CORP's revenue compounded faster (9.4% CAGR vs -1.8%).
Webster Bank is an American commercial bank based in Stamford, Connecticut. It has 177 branches and 316 ATMs located in Connecticut; Massachusetts; Rhode Island; New Jersey; Westchester, Orange, Ulster, and Rockland counties in New York as well as New York City.
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.
WBS vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $735.9M | $566.0M |
| Net Profit | $246.2M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | — | -32.5% |
| Net Margin | 33.5% | -33.1% |
| Revenue YoY | — | -6.1% |
| Net Profit YoY | 8.5% | -310.0% |
| EPS (diluted) | $1.50 | $-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 | $735.9M | — | ||
| Q4 25 | $746.2M | $566.0M | ||
| Q3 25 | $732.6M | $566.8M | ||
| Q2 25 | $715.8M | $589.1M | ||
| Q1 25 | $704.8M | $559.6M | ||
| Q4 24 | $661.0M | $602.5M | ||
| Q3 24 | $647.6M | $601.4M | ||
| Q2 24 | $614.6M | $604.6M |
| Q1 26 | $246.2M | — | ||
| Q4 25 | $255.8M | $-187.3M | ||
| Q3 25 | $261.2M | $43.3M | ||
| Q2 25 | $258.8M | $47.9M | ||
| Q1 25 | $226.9M | $43.1M | ||
| Q4 24 | $177.8M | $89.2M | ||
| Q3 24 | $193.0M | $-70.5M | ||
| Q2 24 | $181.6M | $-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 | — | — | ||
| Q4 25 | 48.6% | -32.5% | ||
| Q3 25 | 51.3% | 21.0% | ||
| Q2 25 | 51.7% | 21.5% | ||
| Q1 25 | 51.2% | 21.3% | ||
| Q4 24 | 48.5% | 28.9% | ||
| Q3 24 | 46.1% | -5.9% | ||
| Q2 24 | 47.0% | -0.9% |
| Q1 26 | 33.5% | — | ||
| Q4 25 | 34.3% | -33.1% | ||
| Q3 25 | 35.7% | 7.6% | ||
| Q2 25 | 36.2% | 8.1% | ||
| Q1 25 | 32.2% | 7.7% | ||
| Q4 24 | 26.9% | 14.8% | ||
| Q3 24 | 29.8% | -11.7% | ||
| Q2 24 | 29.6% | -7.7% |
| Q1 26 | $1.50 | — | ||
| Q4 25 | $1.54 | $-1.02 | ||
| Q3 25 | $1.54 | $0.24 | ||
| Q2 25 | $1.52 | $0.26 | ||
| Q1 25 | $1.30 | $0.23 | ||
| Q4 24 | $1.01 | $0.48 | ||
| Q3 24 | $1.10 | $-0.37 | ||
| Q2 24 | $1.03 | $-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 | — | $14.6M |
| Total DebtLower is stronger | $738.3M | $3.6B |
| Stockholders' EquityBook value | $9.6B | $856.3M |
| Total Assets | $85.6B | $5.8B |
| Debt / EquityLower = less leverage | 0.08× | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 | $738.3M | — | ||
| Q4 25 | $739.5M | $3.6B | ||
| Q3 25 | $1.2B | $3.6B | ||
| Q2 25 | $905.6M | $3.7B | ||
| Q1 25 | $907.4M | $3.6B | ||
| Q4 24 | $909.2M | $3.7B | ||
| Q3 24 | $911.0M | $3.6B | ||
| Q2 24 | $912.7M | $3.5B |
| Q1 26 | $9.6B | — | ||
| Q4 25 | $9.5B | $856.3M | ||
| Q3 25 | $9.5B | $1.1B | ||
| Q2 25 | $9.3B | $1.0B | ||
| Q1 25 | $9.2B | $1.0B | ||
| Q4 24 | $9.1B | $1.0B | ||
| Q3 24 | $9.2B | $1.1B | ||
| Q2 24 | $8.8B | $1.2B |
| Q1 26 | $85.6B | — | ||
| Q4 25 | $84.1B | $5.8B | ||
| Q3 25 | $83.2B | $6.1B | ||
| Q2 25 | $81.9B | $6.1B | ||
| Q1 25 | $80.3B | $6.0B | ||
| Q4 24 | $79.0B | $6.0B | ||
| Q3 24 | $79.5B | $6.0B | ||
| Q2 24 | $76.8B | $6.0B |
| Q1 26 | 0.08× | — | ||
| Q4 25 | 0.08× | 4.15× | ||
| Q3 25 | 0.13× | 3.39× | ||
| Q2 25 | 0.10× | 3.55× | ||
| Q1 25 | 0.10× | 3.56× | ||
| Q4 24 | 0.10× | 3.62× | ||
| Q3 24 | 0.10× | 3.42× | ||
| Q2 24 | 0.10× | 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 | $1.1B | $158.9M | ||
| Q3 25 | $374.7M | $191.2M | ||
| Q2 25 | $270.9M | $205.3M | ||
| Q1 25 | $94.9M | $206.6M | ||
| Q4 24 | $1.4B | $178.9M | ||
| Q3 24 | $45.3M | $-1.6M | ||
| Q2 24 | $224.0M | $175.6M |
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $149.7M | ||
| Q3 25 | $362.5M | $186.9M | ||
| Q2 25 | $257.7M | $199.0M | ||
| Q1 25 | $86.6M | $202.0M | ||
| Q4 24 | $1.4B | $176.6M | ||
| Q3 24 | $35.3M | $-4.9M | ||
| Q2 24 | $215.6M | $169.4M |
| Q1 26 | — | — | ||
| Q4 25 | 135.2% | 26.5% | ||
| Q3 25 | 49.5% | 33.0% | ||
| Q2 25 | 36.0% | 33.8% | ||
| Q1 25 | 12.3% | 36.1% | ||
| Q4 24 | 207.0% | 29.3% | ||
| Q3 24 | 5.4% | -0.8% | ||
| Q2 24 | 35.1% | 28.0% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 1.6% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 1.8% | 1.1% | ||
| Q1 25 | 1.2% | 0.8% | ||
| Q4 24 | 5.4% | 0.4% | ||
| Q3 24 | 1.5% | 0.6% | ||
| Q2 24 | 1.4% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.14× | — | ||
| Q3 25 | 1.43× | 4.41× | ||
| Q2 25 | 1.05× | 4.28× | ||
| Q1 25 | 0.42× | 4.80× | ||
| Q4 24 | 7.90× | 2.01× | ||
| Q3 24 | 0.23× | — | ||
| Q2 24 | 1.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WBS
| Net Interest Income | $634.4M | 86% |
| Noninterest Income | $101.5M | 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% |
