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Side-by-side financial comparison of WYNDHAM HOTELS & RESORTS, INC. (WH) 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 $334.0M, roughly 1.7× WYNDHAM HOTELS & RESORTS, INC.). WYNDHAM HOTELS & RESORTS, INC. runs the higher net margin — -18.0% vs -33.1%, a 15.1% gap on every dollar of revenue. On growth, WillScot Holdings Corp posted the faster year-over-year revenue change (-6.1% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $149.7M). Over the past eight quarters, WillScot Holdings Corp's revenue compounded faster (-1.8% CAGR vs -4.6%).
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
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.
WH vs WSC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $334.0M | $566.0M |
| Net Profit | $-60.0M | $-187.3M |
| Gross Margin | — | 50.4% |
| Operating Margin | — | -32.5% |
| Net Margin | -18.0% | -33.1% |
| Revenue YoY | -76.3% | -6.1% |
| Net Profit YoY | -170.6% | -310.0% |
| EPS (diluted) | $-0.80 | $-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 | $334.0M | — | ||
| Q4 25 | $334.0M | $566.0M | ||
| Q3 25 | $382.0M | $566.8M | ||
| Q2 25 | $397.0M | $589.1M | ||
| Q1 25 | $316.0M | $559.6M | ||
| Q4 24 | $336.0M | $602.5M | ||
| Q3 24 | $396.0M | $601.4M | ||
| Q2 24 | $367.0M | $604.6M |
| Q1 26 | $-60.0M | — | ||
| Q4 25 | $-60.0M | $-187.3M | ||
| Q3 25 | $105.0M | $43.3M | ||
| Q2 25 | $87.0M | $47.9M | ||
| Q1 25 | $61.0M | $43.1M | ||
| Q4 24 | $85.0M | $89.2M | ||
| Q3 24 | $102.0M | $-70.5M | ||
| Q2 24 | $86.0M | $-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 | -11.4% | -32.5% | ||
| Q3 25 | 46.6% | 21.0% | ||
| Q2 25 | 37.8% | 21.5% | ||
| Q1 25 | 35.4% | 21.3% | ||
| Q4 24 | 38.4% | 28.9% | ||
| Q3 24 | 43.2% | -5.9% | ||
| Q2 24 | 39.5% | -0.9% |
| Q1 26 | -18.0% | — | ||
| Q4 25 | -18.0% | -33.1% | ||
| Q3 25 | 27.5% | 7.6% | ||
| Q2 25 | 21.9% | 8.1% | ||
| Q1 25 | 19.3% | 7.7% | ||
| Q4 24 | 25.3% | 14.8% | ||
| Q3 24 | 25.8% | -11.7% | ||
| Q2 24 | 23.4% | -7.7% |
| Q1 26 | $-0.80 | — | ||
| Q4 25 | $-0.77 | $-1.02 | ||
| Q3 25 | $1.36 | $0.24 | ||
| Q2 25 | $1.13 | $0.26 | ||
| Q1 25 | $0.78 | $0.23 | ||
| Q4 24 | $1.06 | $0.48 | ||
| Q3 24 | $1.29 | $-0.37 | ||
| Q2 24 | $1.07 | $-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 | $64.0M | $14.6M |
| Total DebtLower is stronger | — | $3.6B |
| Stockholders' EquityBook value | $468.0M | $856.3M |
| Total Assets | $4.2B | $5.8B |
| Debt / EquityLower = less leverage | — | 4.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $64.0M | — | ||
| Q4 25 | $64.0M | $14.6M | ||
| Q3 25 | $70.0M | $14.8M | ||
| Q2 25 | $50.0M | $12.8M | ||
| Q1 25 | $48.0M | $10.7M | ||
| Q4 24 | $103.0M | $9.0M | ||
| Q3 24 | $72.0M | $11.0M | ||
| Q2 24 | $70.0M | $5.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $3.6B | ||
| Q3 25 | $2.6B | $3.6B | ||
| Q2 25 | $2.5B | $3.7B | ||
| Q1 25 | $2.5B | $3.6B | ||
| Q4 24 | $2.4B | $3.7B | ||
| Q3 24 | $2.4B | $3.6B | ||
| Q2 24 | $2.4B | $3.5B |
| Q1 26 | $468.0M | — | ||
| Q4 25 | $468.0M | $856.3M | ||
| Q3 25 | $583.0M | $1.1B | ||
| Q2 25 | $570.0M | $1.0B | ||
| Q1 25 | $579.0M | $1.0B | ||
| Q4 24 | $650.0M | $1.0B | ||
| Q3 24 | $583.0M | $1.1B | ||
| Q2 24 | $623.0M | $1.2B |
| Q1 26 | $4.2B | — | ||
| Q4 25 | $4.2B | $5.8B | ||
| Q3 25 | $4.3B | $6.1B | ||
| Q2 25 | $4.3B | $6.1B | ||
| Q1 25 | $4.2B | $6.0B | ||
| Q4 24 | $4.2B | $6.0B | ||
| Q3 24 | $4.2B | $6.0B | ||
| Q2 24 | $4.2B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | 5.37× | 4.15× | ||
| Q3 25 | 4.43× | 3.39× | ||
| Q2 25 | 4.44× | 3.55× | ||
| Q1 25 | 4.29× | 3.56× | ||
| Q4 24 | 3.72× | 3.62× | ||
| Q3 24 | 4.19× | 3.42× | ||
| Q2 24 | 3.83× | 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 | $367.0M | $158.9M |
| Free Cash FlowOCF − Capex | $168.0M | $149.7M |
| FCF MarginFCF / Revenue | 50.3% | 26.5% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $437.0M | $737.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $367.0M | — | ||
| Q4 25 | $152.0M | $158.9M | ||
| Q3 25 | $86.0M | $191.2M | ||
| Q2 25 | $70.0M | $205.3M | ||
| Q1 25 | $59.0M | $206.6M | ||
| Q4 24 | $134.0M | $178.9M | ||
| Q3 24 | $79.0M | $-1.6M | ||
| Q2 24 | $1.0M | $175.6M |
| Q1 26 | $168.0M | — | ||
| Q4 25 | $136.0M | $149.7M | ||
| Q3 25 | $75.0M | $186.9M | ||
| Q2 25 | $58.0M | $199.0M | ||
| Q1 25 | $52.0M | $202.0M | ||
| Q4 24 | $109.0M | $176.6M | ||
| Q3 24 | $71.0M | $-4.9M | ||
| Q2 24 | $-6.0M | $169.4M |
| Q1 26 | 50.3% | — | ||
| Q4 25 | 40.7% | 26.5% | ||
| Q3 25 | 19.6% | 33.0% | ||
| Q2 25 | 14.6% | 33.8% | ||
| Q1 25 | 16.5% | 36.1% | ||
| Q4 24 | 32.4% | 29.3% | ||
| Q3 24 | 17.9% | -0.8% | ||
| Q2 24 | -1.6% | 28.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.8% | 1.6% | ||
| Q3 25 | 2.9% | 0.7% | ||
| Q2 25 | 3.0% | 1.1% | ||
| Q1 25 | 2.2% | 0.8% | ||
| Q4 24 | 7.4% | 0.4% | ||
| Q3 24 | 2.0% | 0.6% | ||
| Q2 24 | 1.9% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.82× | 4.41× | ||
| Q2 25 | 0.80× | 4.28× | ||
| Q1 25 | 0.97× | 4.80× | ||
| Q4 24 | 1.58× | 2.01× | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 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% |
