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Vestis Corp（VSTS）与WillScot Holdings Corp（WSC）财务数据对比。点击上方公司名可切换其他公司
Vestis Corp的季度营收约是WillScot Holdings Corp的1.2倍（$663.4M vs $566.0M），Vestis Corp净利率更高（-1.0% vs -33.1%，领先32.1%），Vestis Corp同比增速更快（-3.0% vs -6.1%），WillScot Holdings Corp自由现金流更多（$149.7M vs $28.3M），过去两年WillScot Holdings Corp的营收复合增速更高（-1.8% vs -3.0%）
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
VSTS vs WSC — 直观对比
营收规模更大
VSTS
是对方的1.2倍
$566.0M
营收增速更快
VSTS
高出3.1%
-6.1%
净利率更高
VSTS
高出32.1%
-33.1%
自由现金流更多
WSC
多$121.4M
$28.3M
两年增速更快
WSC
近两年复合增速
-3.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $663.4M | $566.0M |
| 净利润 | $-6.4M | $-187.3M |
| 毛利率 | — | 50.4% |
| 营业利润率 | 2.5% | -32.5% |
| 净利率 | -1.0% | -33.1% |
| 营收同比 | -3.0% | -6.1% |
| 净利润同比 | -868.1% | -310.0% |
| 每股收益（稀释后） | $-0.05 | $-1.02 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收VSTSWSC
| Q1 26 | $663.4M | — | ||
| Q4 25 | $712.0M | $566.0M | ||
| Q3 25 | — | $566.8M | ||
| Q2 25 | $673.8M | $589.1M | ||
| Q1 25 | $665.2M | $559.6M | ||
| Q4 24 | $683.8M | $602.5M | ||
| Q3 24 | $684.3M | $601.4M | ||
| Q2 24 | $698.2M | $604.6M |
净利润VSTSWSC
| Q1 26 | $-6.4M | — | ||
| Q4 25 | $-12.5M | $-187.3M | ||
| Q3 25 | — | $43.3M | ||
| Q2 25 | $-676.0K | $47.9M | ||
| Q1 25 | $-27.8M | $43.1M | ||
| Q4 24 | $832.0K | $89.2M | ||
| Q3 24 | $-2.3M | $-70.5M | ||
| Q2 24 | $5.0M | $-46.9M |
毛利率VSTSWSC
| 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% |
营业利润率VSTSWSC
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.5% | -32.5% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | 3.7% | 21.5% | ||
| Q1 25 | -1.3% | 21.3% | ||
| Q4 24 | 4.4% | 28.9% | ||
| Q3 24 | 4.4% | -5.9% | ||
| Q2 24 | 5.4% | -0.9% |
净利率VSTSWSC
| Q1 26 | -1.0% | — | ||
| Q4 25 | -1.8% | -33.1% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | -0.1% | 8.1% | ||
| Q1 25 | -4.2% | 7.7% | ||
| Q4 24 | 0.1% | 14.8% | ||
| Q3 24 | -0.3% | -11.7% | ||
| Q2 24 | 0.7% | -7.7% |
每股收益（稀释后）VSTSWSC
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.10 | $-1.02 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | $-0.01 | $0.26 | ||
| Q1 25 | $-0.21 | $0.23 | ||
| Q4 24 | $0.01 | $0.48 | ||
| Q3 24 | $-0.02 | $-0.37 | ||
| Q2 24 | $0.04 | $-0.25 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $41.5M | $14.6M |
| 总债务越低越好 | — | $3.6B |
| 股东权益账面价值 | $864.4M | $856.3M |
| 总资产 | $2.9B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资VSTSWSC
| Q1 26 | $41.5M | — | ||
| Q4 25 | $29.7M | $14.6M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | $23.7M | $12.8M | ||
| Q1 25 | $28.8M | $10.7M | ||
| Q4 24 | $18.6M | $9.0M | ||
| Q3 24 | $31.0M | $11.0M | ||
| Q2 24 | $29.1M | $5.9M |
总债务VSTSWSC
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | — | $3.7B | ||
| Q3 24 | $1.2B | $3.6B | ||
| Q2 24 | — | $3.5B |
股东权益VSTSWSC
| Q1 26 | $864.4M | — | ||
| Q4 25 | $865.6M | $856.3M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $882.2M | $1.0B | ||
| Q1 25 | $876.3M | $1.0B | ||
| Q4 24 | $899.6M | $1.0B | ||
| Q3 24 | $903.1M | $1.1B | ||
| Q2 24 | $901.2M | $1.2B |
总资产VSTSWSC
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $5.8B | ||
| Q3 25 | — | $6.1B | ||
| Q2 25 | $2.9B | $6.1B | ||
| Q1 25 | $2.9B | $6.0B | ||
| Q4 24 | $2.9B | $6.0B | ||
| Q3 24 | $2.9B | $6.0B | ||
| Q2 24 | $3.1B | $6.0B |
负债/权益比VSTSWSC
| Q1 26 | — | — | ||
| Q4 25 | 1.35× | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | — | 3.62× | ||
| Q3 24 | 1.29× | 3.42× | ||
| Q2 24 | — | 2.88× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $37.7M | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $28.3M | $149.7M |
| 自由现金流率自由现金流/营收 | 4.3% | 26.5% |
| 资本支出强度资本支出/营收 | 1.4% | 1.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $45.0M | $737.7M |
8季度趋势，按日历期对齐
经营现金流VSTSWSC
| Q1 26 | $37.7M | — | ||
| Q4 25 | $30.9M | $158.9M | ||
| Q3 25 | — | $191.2M | ||
| Q2 25 | $22.9M | $205.3M | ||
| Q1 25 | $6.7M | $206.6M | ||
| Q4 24 | $3.8M | $178.9M | ||
| Q3 24 | $295.6M | $-1.6M | ||
| Q2 24 | $48.7M | $175.6M |
自由现金流VSTSWSC
| Q1 26 | $28.3M | — | ||
| Q4 25 | $15.6M | $149.7M | ||
| Q3 25 | — | $186.9M | ||
| Q2 25 | $8.0M | $199.0M | ||
| Q1 25 | $-6.9M | $202.0M | ||
| Q4 24 | $-11.0M | $176.6M | ||
| Q3 24 | $267.5M | $-4.9M | ||
| Q2 24 | $27.7M | $169.4M |
自由现金流率VSTSWSC
| Q1 26 | 4.3% | — | ||
| Q4 25 | 2.2% | 26.5% | ||
| Q3 25 | — | 33.0% | ||
| Q2 25 | 1.2% | 33.8% | ||
| Q1 25 | -1.0% | 36.1% | ||
| Q4 24 | -1.6% | 29.3% | ||
| Q3 24 | 39.1% | -0.8% | ||
| Q2 24 | 4.0% | 28.0% |
资本支出强度VSTSWSC
| Q1 26 | 1.4% | — | ||
| Q4 25 | 2.2% | 1.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 2.2% | 1.1% | ||
| Q1 25 | 2.0% | 0.8% | ||
| Q4 24 | 2.2% | 0.4% | ||
| Q3 24 | 4.1% | 0.6% | ||
| Q2 24 | 3.0% | 1.0% |
现金转化率VSTSWSC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | 4.54× | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.66× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
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% |
