vs
Side-by-side financial comparison of WillScot Holdings Corp (WSC) and ZIONS BANCORPORATION, NATIONAL ASSOCIATION (ZION). Click either name above to swap in a different company.
ZIONS BANCORPORATION, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($891.0M vs $566.0M, roughly 1.6× WillScot Holdings Corp). ZIONS BANCORPORATION, NATIONAL ASSOCIATION runs the higher net margin — 29.5% vs -33.1%, a 62.6% gap on every dollar of revenue. On growth, ZIONS BANCORPORATION, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (8.7% vs -6.1%). ZIONS BANCORPORATION, NATIONAL ASSOCIATION produced more free cash flow last quarter ($952.0M vs $149.7M). Over the past eight quarters, ZIONS BANCORPORATION, NATIONAL ASSOCIATION's revenue compounded faster (9.6% CAGR vs -1.8%).
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.
Zions Bancorporation is an American national bank headquartered in Salt Lake City, Utah. It operates as a national bank rather than as a bank holding company and does business under the following seven brands: Zions Bank, Amegy Bank of Texas, California Bank and Trust, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and the Commerce Bank of Washington.
WSC vs ZION — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $566.0M | $891.0M |
| Net Profit | $-187.3M | $263.0M |
| Gross Margin | 50.4% | — |
| Operating Margin | -32.5% | — |
| Net Margin | -33.1% | 29.5% |
| Revenue YoY | -6.1% | 8.7% |
| Net Profit YoY | -310.0% | 21.8% |
| EPS (diluted) | $-1.02 | $1.77 |
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 | $566.0M | $891.0M | ||
| Q3 25 | $566.8M | $861.0M | ||
| Q2 25 | $589.1M | $838.0M | ||
| Q1 25 | $559.6M | $795.0M | ||
| Q4 24 | $602.5M | $820.0M | ||
| Q3 24 | $601.4M | $792.0M | ||
| Q2 24 | $604.6M | $777.0M | ||
| Q1 24 | $587.2M | $742.0M |
| Q4 25 | $-187.3M | $263.0M | ||
| Q3 25 | $43.3M | $222.0M | ||
| Q2 25 | $47.9M | $244.0M | ||
| Q1 25 | $43.1M | $170.0M | ||
| Q4 24 | $89.2M | $216.0M | ||
| Q3 24 | $-70.5M | $214.0M | ||
| Q2 24 | $-46.9M | $201.0M | ||
| Q1 24 | $56.2M | $153.0M |
| 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 | -32.5% | — | ||
| Q3 25 | 21.0% | — | ||
| Q2 25 | 21.5% | — | ||
| Q1 25 | 21.3% | — | ||
| Q4 24 | 28.9% | — | ||
| Q3 24 | -5.9% | — | ||
| Q2 24 | -0.9% | — | ||
| Q1 24 | 22.1% | — |
| Q4 25 | -33.1% | 29.5% | ||
| Q3 25 | 7.6% | 25.8% | ||
| Q2 25 | 8.1% | 29.1% | ||
| Q1 25 | 7.7% | 21.4% | ||
| Q4 24 | 14.8% | 26.3% | ||
| Q3 24 | -11.7% | 27.0% | ||
| Q2 24 | -7.7% | 25.9% | ||
| Q1 24 | 9.6% | 20.6% |
| Q4 25 | $-1.02 | $1.77 | ||
| Q3 25 | $0.24 | $1.48 | ||
| Q2 25 | $0.26 | $1.63 | ||
| Q1 25 | $0.23 | $1.13 | ||
| Q4 24 | $0.48 | $1.34 | ||
| Q3 24 | $-0.37 | $1.37 | ||
| Q2 24 | $-0.25 | $1.28 | ||
| Q1 24 | $0.29 | $0.96 |
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 | $3.6B | $1.5B |
| Stockholders' EquityBook value | $856.3M | $7.2B |
| Total Assets | $5.8B | $89.0B |
| Debt / EquityLower = less leverage | 4.15× | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $13.1M | — |
| Q4 25 | $3.6B | $1.5B | ||
| Q3 25 | $3.6B | $1.5B | ||
| Q2 25 | $3.7B | $970.0M | ||
| Q1 25 | $3.6B | $964.0M | ||
| Q4 24 | $3.7B | $950.0M | ||
| Q3 24 | $3.6B | $548.0M | ||
| Q2 24 | $3.5B | $546.0M | ||
| Q1 24 | $3.5B | $544.0M |
| Q4 25 | $856.3M | $7.2B | ||
| Q3 25 | $1.1B | $6.9B | ||
| Q2 25 | $1.0B | $6.6B | ||
| Q1 25 | $1.0B | $6.3B | ||
| Q4 24 | $1.0B | $6.1B | ||
| Q3 24 | $1.1B | $6.4B | ||
| Q2 24 | $1.2B | $6.0B | ||
| Q1 24 | $1.3B | $5.8B |
| Q4 25 | $5.8B | $89.0B | ||
| Q3 25 | $6.1B | $88.5B | ||
| Q2 25 | $6.1B | $88.9B | ||
| Q1 25 | $6.0B | $88.0B | ||
| Q4 24 | $6.0B | $88.8B | ||
| Q3 24 | $6.0B | $87.0B | ||
| Q2 24 | $6.0B | $87.6B | ||
| Q1 24 | $6.2B | $87.1B |
| Q4 25 | 4.15× | 0.21× | ||
| Q3 25 | 3.39× | 0.21× | ||
| Q2 25 | 3.55× | 0.15× | ||
| Q1 25 | 3.56× | 0.15× | ||
| Q4 24 | 3.62× | 0.16× | ||
| Q3 24 | 3.42× | 0.09× | ||
| Q2 24 | 2.88× | 0.09× | ||
| Q1 24 | 2.63× | 0.09× |
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 | $1.1B |
| Free Cash FlowOCF − Capex | $149.7M | $952.0M |
| FCF MarginFCF / Revenue | 26.5% | 106.8% |
| Capex IntensityCapex / Revenue | 1.6% | 13.6% |
| Cash ConversionOCF / Net Profit | — | 4.08× |
| TTM Free Cash FlowTrailing 4 quarters | $737.7M | $1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $158.9M | $1.1B | ||
| Q3 25 | $191.2M | $438.0M | ||
| Q2 25 | $205.3M | $-62.0M | ||
| Q1 25 | $206.6M | $179.0M | ||
| Q4 24 | $178.9M | $1.1B | ||
| Q3 24 | $-1.6M | $119.0M | ||
| Q2 24 | $175.6M | $251.0M | ||
| Q1 24 | $208.7M | $261.0M |
| Q4 25 | $149.7M | $952.0M | ||
| Q3 25 | $186.9M | $413.0M | ||
| Q2 25 | $199.0M | $-93.0M | ||
| Q1 25 | $202.0M | $152.0M | ||
| Q4 24 | $176.6M | $1.1B | ||
| Q3 24 | $-4.9M | $97.0M | ||
| Q2 24 | $169.4M | $234.0M | ||
| Q1 24 | $202.1M | $231.0M |
| Q4 25 | 26.5% | 106.8% | ||
| Q3 25 | 33.0% | 48.0% | ||
| Q2 25 | 33.8% | -11.1% | ||
| Q1 25 | 36.1% | 19.1% | ||
| Q4 24 | 29.3% | 128.2% | ||
| Q3 24 | -0.8% | 12.2% | ||
| Q2 24 | 28.0% | 30.1% | ||
| Q1 24 | 34.4% | 31.1% |
| Q4 25 | 1.6% | 13.6% | ||
| Q3 25 | 0.7% | 2.9% | ||
| Q2 25 | 1.1% | 3.7% | ||
| Q1 25 | 0.8% | 3.4% | ||
| Q4 24 | 0.4% | 11.8% | ||
| Q3 24 | 0.6% | 2.8% | ||
| Q2 24 | 1.0% | 2.2% | ||
| Q1 24 | 1.1% | 4.0% |
| Q4 25 | — | 4.08× | ||
| Q3 25 | 4.41× | 1.97× | ||
| Q2 25 | 4.28× | -0.25× | ||
| Q1 25 | 4.80× | 1.05× | ||
| Q4 24 | 2.01× | 5.31× | ||
| Q3 24 | — | 0.56× | ||
| Q2 24 | — | 1.25× | ||
| Q1 24 | 3.71× | 1.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
ZION
Segment breakdown not available.
