Screener / SEC EDGAR /CIK 0001647088 /10-K filed Feb 19, 2026, compared with Feb 20, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
Nasdaq Industrials · Miscellaneous Equipment Rental & Leasing

WillScot Holdings Corp WSC

Headquartered in Scottsdale, Arizona, we are a leading business services provider specializing in innovative and flexible turnkey temporary space solutions. 10-K, Item 1

Employees
4,700
Headquarters
Scottsdale, AZ
CEO
Timothy D. Boswell
Next results
around Feb 18, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2024

Revenue of $2.4B through the costs to a net profit of $28.1M · income statement of the 10-K

11% operating margin
Revenue to Gross profit: $1.3BRevenue to Cost of revenue: $1.1BGross profit to Operating profit: $263.9MGross profit to Operating expenses: $1.0BOperating profit to Net profit: $28.1MOperating profit to Tax & other: $235.8M Revenue: $2.4B REVENUE $2.4B +1% Y/Y Gross profit: $1.3B · 54% margin GROSS PROFIT $1.3B 54% margin · −2% Y/Y Cost of revenue: $1.1B · 46% of revenue COST OF REVENUE $1.1B 46% of revenue Operating profit: $263.9M · 11% margin OPERATING PROFIT $263.9M 11% margin · −61% Y/Y Operating expenses: $1.0B · 43% of revenue OPERATING EXPENSES $1.0B 43% of revenue Net profit: $28.1M · 1% margin NET PROFIT $28.1M 1% margin · −94% Y/Y Tax & other: $235.8M · 10% of revenue TAX & OTHER $235.8M 10% of revenue
Gross profit $1.3B 54% margin · −2% Y/Y
Operating profit $263.9M 11% margin · −61% Y/Y
Net profit $28.1M 1% margin · −94% Y/Y
The full income statement, year by year

WSC among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 251 peers the company is above, not a score.

Compare
Revenue growth: -4.8%, above 9% of 250 peers (their median 5.7%) REVENUE GROWTH -4.8% · above 9% Gross margin: 50.8%, above 90% of 177 peers (their median 34.1%) GROSS MARGIN 50.8% · above 90% Operating margin: 6.7%, above 28% of 229 peers (their median 11.8%) OPERATING MARGIN 6.7% · above 28% Net margin: -2.6%, above 6% of 251 peers (their median 8.2%) NET MARGIN -2.6% · above 6% FCF margin: 29.5%, above 97% of 234 peers (their median 9.5%) FCF MARGIN 29.5% · above 97%
WSC Peer median Below the median

What changed

7 new risk paragraphs. 10-K filed Feb 19, 2026 against Feb 20, 2025.

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 11 checks found nothing to note

  • Receivables -8.3% ($430.4M to $394.7M) vs revenue -4.8% ($2.4B to $2.3B), -3.5 pts apart
  • Cash from operations $762.0M vs net income −$53.0M (FY ending Dec 31, 2025)
  • Inventory -4.0% ($47.5M to $45.6M) vs revenue -4.8% ($2.4B to $2.3B), +0.7 pts apart
8 more checks with nothing to note
  • Same auditor in both 10-Ks: Ernst & Young, LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Allowance for Credit Losses
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

7 paragraphs in Risk Factors that were not in the 10-K filed Feb 20, 2025. Quoted as filed.

All 7 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    The execution of our Network Optimization Plan involves operational, financial, and execution risks. We may experience delays or increased costs associated with exiting leased properties, including costs to dispose of or relocate related rental equipment. Additionally, the abandonment of rental fleet units may reduce the availability of…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 20, 2025 10-K, ITEM 1A
    We evaluate goodwill and indefinite-lived intangible assets for impairment on an annual basis and when events occur or circumstances change that indicate that the fair value of the reporting unit or intangible asset may be below its carrying

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$2.1B$2.4B$2.4B$2.3B
Net income$339.5M$476.5M$28.1M−$53.0M
Operating cash flow$744.7M$761.2M$561.6M$762.0M
Free cash flow$701.0M$739.0M$543.2M$737.7M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$2.3B ▼ 4.8% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

WillScot Holdings Corp, Scottsdale, AZ · from the 10-K filed Feb 19, 2026

Headquartered in Scottsdale, Arizona, we are a leading business services provider specializing in innovative and flexible turnkey temporary space solutions. Our diverse product offering includes modular office complexes, mobile offices, classrooms, blast-resistant modules, clearspan structures, sanitation solutions, portable storage containers, and climate-controlled containers and trailers.

Headquarters
Scottsdale, AZ
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Nov 5, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we employed approximately 4,700 people in the US, Canada, Mexico, and India, the majority of whom are full time" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 19, 2026 (open at SEC), compared with the 10-K filed Feb 20, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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