WSC - WillScot Holdings Corporation
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$26.20
DETAILS
HIGH:
$29.00
LOW:
$23.00
MEDIAN:
$26.00
CONSENSUS:
$26.20
UPSIDE:
5.73%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue | 2,281.4 | 2,395.7 | 2,364.8 | 2,142.6 | 1,673.0 | 1,273.0 | 1,063.7 | 751.4 | 445.9 | 426.6 | 453.3 | 644.4 |
| Cost of Revenue | 1,213.9 | 1,093.9 | 1,030.9 | 1,007.1 | 828.3 | 664.6 | 650.4 | 462.0 | 280.4 | 267.4 | 290.4 | 395.6 |
| Gross Profit | 1,067.5 | 1,301.8 | 1,333.9 | 1,135.5 | 844.7 | 608.4 | 413.3 | 289.4 | 165.6 | 159.2 | 162.9 | 248.8 |
| Operating Expenses | ||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 581.8 | 630.7 | 596.1 | 567.5 | 480.4 | 338.4 | 271.0 | 254.9 | 162.4 | 0.7 | 139.4 | 162.0 |
| Other Expenses | (3.1) | 407.2 | 64.3 | 56.5 | 63.9 | 108.2 | 24.8 | 4.6 | (2.8) | 0 | 22.7 | 0 |
| Operating Expenses | 578.7 | 1,037.9 | 660.4 | 624 | 544.3 | 446.6 | 295.8 | 263.6 | 173.8 | 0.7 | 162.0 | 267.7 |
| Operating Income | ||||||||||||
| Operating Income | 488.9 | 263.9 | 673.5 | 511.5 | 300.4 | 161.8 | 117.5 | 6.3 | (58.3) | (0.7) | (20.8) | 53.1 |
| Interest Expense | 222.7 | 227.3 | 205.0 | 146.3 | 116.4 | 119.3 | 122.5 | 98.4 | 119.3 | 0 | 92.0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.2 | 1.3 | 9.8 | 82.9 |
| Profitability | ||||||||||||
| EBITDA | 597.3 | 648.9 | 1,012.1 | 855.0 | 586.0 | 369.8 | 188.6 | 140.9 | 35.2 | 85.0 | 125.9 | 85.9 |
| EBIT | 167.3 | 263.9 | 673.5 | 511.5 | 267.8 | 122.9 | (0.9) | 5.9 | (46.1) | 7.0 | (11.0) | 53.1 |
| Income Before Tax | (55.4) | 36.6 | 468.4 | 365.2 | 151.4 | 3.5 | (123.4) | (92.2) | (165.4) | 0.6 | (103.0) | (101.8) |
| Income Tax Expense | (2.4) | 8.5 | 126.6 | 88.9 | 36.5 | (56.0) | (2.2) | (38.6) | (0.9) | (24.5) | (34.1) | (13.2) |
| Net Income | (53.0) | 28.1 | 476.5 | 339.5 | 160.1 | 74.1 | (120.7) | (49.0) | (147.7) | 0.6 | (71.6) | (88.6) |
| Per Share Data | ||||||||||||
| EPS (Basic) | -0.29 | 0.15 | 2.40 | 1.40 | 0.71 | 0.44 | -0.11 | -0.56 | -7.47 | 0.04 | -4.82 | -6.19 |
| EPS (Diluted) | -0.29 | 0.15 | 2.36 | 1.37 | 0.69 | 0.25 | -0.11 | -0.55 | -2.12 | 0.01 | -4.82 | -6.19 |
| Shares Outstanding | 182.4 | 188.1 | 198.6 | 216.8 | 226.5 | 169.2 | 108.7 | 87.2 | 19.8 | 14.8 | 14.9 | 14.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 14.6 | 9.0 | 11.0 | 7.4 | 6.4 | 24.9 | 3.0 | 9.0 | 9.2 | 0.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 394.7 | 430.4 | 451.1 | 409.8 | 351.3 | 330.9 | 247.6 | 206.6 | 97.7 | 101.4 |
| Inventory | 45.6 | 47.5 | 47.4 | 41.0 | 29.8 | 23.7 | 15.4 | 16.2 | 10.1 | 8.9 |
| Other Current Assets | 70.2 | 70.7 | 59.6 | 62.9 | 58.8 | 12.0 | 13.2 | 15.3 | 6.0 | (110.4) |
| Total Current Assets | 525.1 | 557.5 | 569.1 | 521.0 | 483.0 | 421.6 | 292.6 | 256.3 | 127.8 | 0.3 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 3,794.2 | 696.2 | 3,967.8 | 3,601.4 | 3,254.7 | 3,467.4 | 2,238.8 | 2,113.0 | 1,123.8 | 899.1 |
| Goodwill | 1,257.6 | 1,201.4 | 1,176.6 | 1,011.4 | 1,013.6 | 1,171.2 | 235.2 | 247.0 | 28.6 | 56.8 |
| Intangible Assets | 224.1 | 251.2 | 419.7 | 419.1 | 442.9 | 495.9 | 126.6 | 131.8 | 126.3 | 125 |
| Long-Term Investments | 0 | 6.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 256.6 |
| Other Non-Current Assets | 15.2 | 2,764.5 | 4.6 | 274.7 | 579.4 | 16.1 | 4.4 | 4.3 | 4.3 | 501.3 |
| Total Non-Current Assets | 5,291.1 | 4,919.9 | 5,568.8 | 5,306.6 | 5,290.6 | 5,150.6 | 2,605.1 | 2,496.1 | 1,283.0 | 501.3 |
| Total Assets | 5,816.2 | 6,034.9 | 6,137.9 | 5,827.7 | 5,773.6 | 5,572.2 | 2,897.6 | 2,752.5 | 1,410.7 | 501.6 |
| Current Liabilities | ||||||||||
| Account Payables | 109.9 | 96.6 | 86.1 | 109.3 | 102.6 | 106.9 | 109.9 | 90.4 | 57.1 | 33.1 |
| Short-Term Debt | 101.8 | 0 | 18.8 | 13.3 | 12.0 | 16.5 | 0 | 2.0 | 1.9 | 1.9 |
| Deferred Revenue | 237.3 | 250.8 | 224.5 | 203.8 | 152.3 | 135.5 | 83.0 | 71.8 | 45.2 | 28.7 |
| Other Current Liabilities | 162.1 | 0 | 45.6 | 75.4 | 95.2 | 50.3 | 0 | 0 | 0 | (105.8) |
| Total Current Liabilities | 611.1 | 585.0 | 562.0 | 561.9 | 517.6 | 448.7 | 320.4 | 269.0 | 155.7 | 0.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 3,671.0 | 3,564.3 | 3,445.3 | 3,063.0 | 2,671.8 | 2,453.8 | 1,632.6 | 1,674.5 | 624.9 | 1,332.9 |
| Deferred Tax Liabilities | 492.3 | 505.9 | 554.3 | 401.5 | 305.7 | 307.5 | 70.7 | 90.9 | 139.8 | 118.2 |
| Other Non-Current Liabilities | (184.5) | 41.0 | 34.0 | 66.3 | 112.0 | 114.6 | 34.2 | (6.4) | (17.5) | (1,431.6) |
| Total Non-Current Liabilities | 4,348.8 | 4,431.3 | 4,314.6 | 3,700.4 | 3,259.2 | 3,059.7 | 1,868.3 | 1,781.3 | 770.5 | 19.5 |
| Total Liabilities | 4,959.9 | 5,016.3 | 4,876.7 | 4,262.4 | 3,776.8 | 3,508.3 | 2,188.7 | 2,050.3 | 926.2 | 19.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 477.0 |
| Retained Earnings | (800.0) | (747.0) | (775.1) | (1,251.5) | (1,591.1) | (1,751.2) | (1,689.4) | (1,683.3) | (1,636.8) | 0.5 |
| Accumulated Other Comprehensive Income | (69.5) | (70.6) | (52.8) | (70.1) | (29.1) | (37.2) | (62.8) | (68.0) | (49.5) | (57) |
| Total Stockholders' Equity | 856.3 | 1,018.6 | 1,261.2 | 1,565.3 | 1,996.8 | 2,063.9 | 644.4 | 638.2 | 435.6 | 482.0 |
| Total Liabilities & Equity | 5,816.2 | 6,034.9 | 6,137.9 | 5,827.7 | 5,773.6 | 5,572.2 | 2,897.6 | 2,752.5 | 1,410.7 | 501.6 |
| Debt Metrics | ||||||||||
| Total Debt | 4,142.8 | 3,975.4 | 3,802.5 | 3,296.5 | 2,901.9 | 2,702.2 | 1,780.2 | 1,676.5 | 626.7 | 1,334.8 |
| Net Debt | 4,128.2 | 3,966.4 | 3,791.6 | 3,289.1 | 2,895.5 | 2,677.2 | 1,777.1 | 1,667.5 | 617.6 | 1,334.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (53.0) | 28.1 | 476.5 | 339.5 | 160.1 | 75.3 | (121.2) | (53.6) | (149.8) | 0.6 |
| Depreciation & Amortization | 430.0 | 385.0 | 338.7 | 343.5 | 318.2 | 246.9 | 189.4 | 136.5 | 107.9 | 78 |
| Stock-Based Compensation | 38.4 | 36.0 | 34.5 | 29.6 | 26.2 | 9.9 | 6.7 | 3.4 | 3.0 | 0 |
| Change in Working Capital | 0.1 | (20.1) | (91.8) | (53.9) | (60.1) | (43.2) | (38.7) | (15.0) | (23.5) | (0.1) |
| Other Non-Cash Items | 353.4 | 178.0 | (138.2) | (14.9) | 58.9 | 71.0 | 138.9 | 6.0 | 48.1 | 268.1 |
| Operating Cash Flow | 762.0 | 561.6 | 761.2 | 744.7 | 539.9 | 304.8 | 172.6 | 37.1 | (1.4) | 0.4 |
| Investing Activities | ||||||||||
| Capital Expenditure | (24.3) | (299.3) | (249.2) | (486.8) | (309.0) | (188.8) | (213.4) | (165.5) | (116.1) | (71.4) |
| Acquisitions | (144.7) | (121.2) | (561.6) | 105.0 | (147.2) | 17.2 | 0 | (1,083.1) | (237.1) | 29.0 |
| Purchases of Investments | (0.8) | (7.7) | (7.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (248.9) | 65.9 | 468.6 | 72.5 | 72.1 | 46.3 | 60.9 | 31.4 | (39.4) | (1.3) |
| Investing Cash Flow | (417.5) | (362.3) | (350.0) | (309.3) | (384.0) | (125.4) | (152.6) | (1,217.2) | (392.6) | (1.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (162.5) | 101.8 | 419.4 | 333.3 | 199.1 | (30.0) | (16.6) | 1,069.4 | (149.8) | (31.4) |
| Stock Repurchased | (99.9) | (270.4) | (818.2) | (751.8) | (363.6) | (21.8) | 0 | 0 | 0 | 0 |
| Dividends Paid | (51.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (37.3) | (31.5) | (20.6) | (22.1) | (10.9) | (117.8) | (10.4) | (36.6) | (25.1) | 0 |
| Financing Cash Flow | (340.5) | (200.1) | (418.9) | (429.4) | (167.9) | (159.0) | (26.1) | 1,180.0 | 396.8 | (31.4) |
| Cash Position | ||||||||||
| Net Change in Cash | 5.6 | (2.0) | (6.8) | 5.1 | (12.2) | 21.9 | (5.9) | (0.2) | 3.0 | (0.8) |
| Cash at Beginning | 9.0 | 11.0 | 17.8 | 12.7 | 24.9 | 3.0 | 9.0 | 9.2 | 6.2 | 1.0 |
| Cash at End | 14.6 | 9.0 | 11.0 | 17.8 | 12.7 | 24.9 | 3.0 | 9.0 | 9.2 | 0.2 |
| Free Cash Flow | 737.7 | 262.4 | 512.0 | 257.9 | 230.9 | 116.0 | (40.9) | (128.4) | (117.5) | (71.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 2,281.4 | 2,395.7 | 2,364.8 | 2,142.6 | 1,673.0 | 1,273.0 | 1,063.7 | 751.4 | 445.9 | 426.6 | 453.3 | 644.4 |
| Gross Profit | 1,067.5 | 1,301.8 | 1,333.9 | 1,135.5 | 844.7 | 608.4 | 413.3 | 289.4 | 165.6 | 159.2 | 162.9 | 248.8 |
| Operating Income | 488.9 | 263.9 | 673.5 | 511.5 | 300.4 | 161.8 | 117.5 | 6.3 | (58.3) | (0.7) | (20.8) | 53.1 |
| Net Income | (53.0) | 28.1 | 476.5 | 339.5 | 160.1 | 74.1 | (120.7) | (49.0) | (147.7) | 0.6 | (71.6) | (88.6) |
| EPS (Diluted) | -0.29 | 0.15 | 2.36 | 1.37 | 0.69 | 0.25 | -0.11 | -0.55 | -2.12 | 0.01 | -4.82 | -6.19 |
| Balance Sheet | ||||||||||||
| Cash & Equivalents | 14.6 | 9.0 | 11.0 | 7.4 | 6.4 | 24.9 | 3.0 | 9.0 | 9.2 | 0.2 | ||
| Total Assets | 5,816.2 | 6,034.9 | 6,137.9 | 5,827.7 | 5,773.6 | 5,572.2 | 2,897.6 | 2,752.5 | 1,410.7 | 501.6 | ||
| Total Debt | 4,142.8 | 3,975.4 | 3,802.5 | 3,296.5 | 2,901.9 | 2,702.2 | 1,780.2 | 1,676.5 | 626.7 | 1,334.8 | ||
| Stockholders' Equity | 856.3 | 1,018.6 | 1,261.2 | 1,565.3 | 1,996.8 | 2,063.9 | 644.4 | 638.2 | 435.6 | 482.0 | ||
| Cash Flow | ||||||||||||
| Operating Cash Flow | 762.0 | 561.6 | 761.2 | 744.7 | 539.9 | 304.8 | 172.6 | 37.1 | (1.4) | 0.4 | ||
| Capital Expenditure | (24.3) | (299.3) | (249.2) | (486.8) | (309.0) | (188.8) | (213.4) | (165.5) | (116.1) | (71.4) | ||
| Free Cash Flow | 737.7 | 262.4 | 512.0 | 257.9 | 230.9 | 116.0 | (40.9) | (128.4) | (117.5) | (71.0) | ||