WillScot Holdings Corporation (WSC) Financial Ratios
11 years of historical data (2015–2025) · Industrials · Rental & Leasing Services
EV/EBITDA
↓
10.17
↓-30% vs avg
5yr avg: 14.47
30Y Low8.2·High65.4
P/FCF
↓
7.08
↓-72% vs avg
5yr avg: 25.28
30Y Low4.7·High41.2
P/B Ratio
↓
6.14
+8% vs avg
5yr avg: 5.71
30Y Low0.3·High7.1
ROE
↓
-5.7%
↑-149% vs avg
5yr avg: 11.5%
30Y Low-31%·High34%
Debt/EBITDA
↓
4.51
↓-2% vs avg
5yr avg: 4.59
30Y Low3.8·High27.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
WSC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
WillScot Holdings Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 7.1x P/FCF, 72% below the 5-year average of 25.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.2B | $3.4B | $6.4B | $9.0B | $10.0B | $9.5B | $4.1B | $2.0B | $838M | $885M | $622M |
| Enterprise Value | $9.3B | $7.6B | $10.3B | $12.8B | $13.3B | $12.4B | $6.8B | $3.8B | $2.5B | $1.5B | $2.0B |
| P/E Ratio → | -99.45 | — | 223.00 | 18.86 | 32.97 | 59.19 | 92.68 | — | — | — | 1105.56 |
| P/S Ratio | 2.29 | 1.51 | 2.66 | 3.80 | 4.67 | 5.68 | 3.23 | 1.89 | 1.12 | 1.98 | 1.46 |
| P/B Ratio | 6.14 | 4.01 | 6.25 | 7.12 | 6.39 | 4.76 | 1.99 | 2.83 | 1.19 | 1.83 | 1.29 |
| P/FCF | 7.08 | 4.66 | 24.26 | 17.54 | 38.78 | 41.17 | 35.42 | — | — | — | — |
| P/OCF | 6.85 | 4.51 | 11.33 | 11.80 | 13.43 | 17.61 | 13.47 | 11.65 | 22.56 | — | 1441.43 |
P/E links to full P/E history page with 30-year chart
WSC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
WillScot Holdings Corporation's enterprise value stands at 10.2x EBITDA, 30% below its 5-year average of 14.5x. The Industrials sector median is 13.9x, placing the stock at a 27% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.31 | 4.31 | 5.40 | 6.20 | 7.41 | 5.33 | 3.56 | 3.33 | 3.37 | 4.59 |
| EV / EBITDA | 10.17 | 8.23 | 15.92 | 12.62 | 15.54 | 20.05 | 16.60 | 12.34 | 17.73 | 65.42 | 25.31 |
| EV / EBIT | 19.12 | 45.21 | 39.15 | 18.97 | 25.98 | 46.32 | 55.23 | — | 425.52 | — | 277.99 |
| EV / FCF | — | 10.25 | 39.38 | 24.95 | 51.54 | 53.71 | 58.50 | — | — | — | — |
WSC Profitability
Margins and return-on-capital ratios measuring operating efficiency
WillScot Holdings Corporation earns an operating margin of 21.4%, significantly above the Industrials sector average of 4.3%. Operating margins have compressed from 28.5% to 21.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -5.7% indicates the company is currently destroying shareholder equity. ROIC of 7.4% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.8% | 46.8% | 54.3% | 56.4% | 53.0% | 50.5% | 47.8% | 38.9% | 38.5% | 37.1% | 37.3% |
| Operating Margin | 21.4% | 21.4% | 11.0% | 28.5% | 23.9% | 18.0% | 12.7% | 11.0% | 0.8% | -13.1% | -0.2% |
| Net Profit Margin | -2.3% | -2.3% | 1.2% | 20.1% | 15.8% | 9.6% | 5.8% | -11.4% | -6.5% | -33.1% | 0.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -5.7% | -5.7% | 2.5% | 33.7% | 19.1% | 7.9% | 5.3% | -17.1% | -8.3% | -30.6% | 0.1% |
| ROA | -0.9% | -0.9% | 0.5% | 8.0% | 5.9% | 2.8% | 1.8% | -4.3% | -2.4% | -15.4% | 0.1% |
| ROIC | 7.4% | 7.4% | 3.9% | 10.2% | 7.9% | 4.7% | 3.4% | 3.6% | 0.3% | -3.0% | -0.0% |
| ROCE | 9.2% | 9.2% | 4.8% | 12.4% | 9.7% | 5.8% | 4.2% | 4.6% | 0.3% | -6.6% | -0.1% |
WSC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
WillScot Holdings Corporation carries a Debt/EBITDA ratio of 4.5x, which is highly leveraged (39% above the sector average of 3.2x). Net debt stands at $4.1B ($4.1B total debt minus $15M cash). Interest coverage of just 0.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.84 | 4.84 | 3.90 | 3.01 | 2.11 | 1.45 | 1.31 | 2.51 | 2.39 | 1.29 | 2.77 |
| Debt / EBITDA | 4.51 | 4.51 | 6.13 | 3.76 | 3.86 | 4.69 | 6.61 | 5.80 | 11.86 | 27.29 | 17.27 |
| Net Debt / Equity | — | 4.82 | 3.89 | 3.01 | 2.10 | 1.45 | 1.30 | 2.51 | 2.37 | 1.27 | 2.77 |
| Net Debt / EBITDA | 4.49 | 4.49 | 6.11 | 3.75 | 3.85 | 4.68 | 6.55 | 5.79 | 11.80 | 26.89 | 17.26 |
| Debt / FCF | — | 5.60 | 15.12 | 7.41 | 12.76 | 12.54 | 23.08 | — | — | — | — |
| Interest Coverage | 0.75 | 0.75 | 1.16 | 3.28 | 3.50 | 2.30 | 1.03 | -0.01 | 0.06 | -0.39 | — |
WSC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.86x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.01x to 0.86x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.86 | 0.86 | 0.95 | 1.01 | 0.93 | 0.93 | 0.94 | 0.91 | 0.95 | 0.82 | 3.46 |
| Quick Ratio | 0.78 | 0.78 | 0.87 | 0.93 | 0.85 | 0.88 | 0.89 | 0.87 | 0.89 | 0.76 | -114.66 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.06 | 0.01 | 0.03 | 0.06 | 2.49 |
| Asset Turnover | — | 0.39 | 0.40 | 0.39 | 0.37 | 0.29 | 0.23 | 0.37 | 0.27 | 0.32 | 0.85 |
| Inventory Turnover | 26.64 | 26.64 | 23.04 | 21.75 | 24.55 | 27.80 | 28.00 | 42.27 | 28.49 | 27.81 | 29.92 |
| Days Sales Outstanding | — | 63.15 | 65.57 | 69.63 | 69.80 | 76.64 | 94.89 | 84.96 | 100.37 | 79.95 | 86.78 |
WSC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
WillScot Holdings Corporation returns 2.9% to shareholders annually — split between a 1.0% dividend yield and 1.9% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | 1.5% | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 0.4% | 5.3% | 3.0% | 1.7% | 1.1% | — | — | — | 0.1% |
| FCF Yield | 14.1% | 21.5% | 4.1% | 5.7% | 2.6% | 2.4% | 2.8% | — | — | — | — |
| Buyback Yield | 1.9% | 2.9% | 4.2% | 9.1% | 7.5% | 3.8% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.9% | 4.4% | 4.2% | 9.1% | 7.5% | 3.8% | 0.5% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $182M | $190M | $202M | $221M | $233M | $177M | $109M | $89M | $70M | $63M |
Peer Comparison
Compare WSC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 WSCYou | $5B | -99.4 | 10.2 | 7.1 | 46.8% | 21.4% | -5.7% | 7.4% | 4.5 |
 URI | $67B | 27.9 | 11.8 | 101.9 | 35.4% | 24.7% | 28.4% | 12.4% | 2.3 |
 MGRC | $3B | 18.6 | 9.8 | 13.7 | 46.1% | 25.9% | 13.2% | 10.5% | 1.5 |
 TREX | $5B | 26.5 | 16.0 | 36.4 | 39.2% | 22.0% | 20.2% | 16.4% | 0.7 |
 H | $19B | -374.2 | 26.3 | 121.4 | 11.2% | 7.8% | -1.4% | 5.8% | 5.4 |
 BLDR | $9B | 20.7 | 10.4 | 10.4 | 29.0% | 5.2% | 10.1% | 6.4% | 4.1 |
 SITE | $5B | 32.7 | 15.0 | 19.8 | 34.8% | 5.1% | 9.3% | 7.3% | 2.6 |
 STRL | $26B | 91.9 | 53.7 | 72.9 | 22.1% | 16.6% | 30.0% | 38.9% | 0.7 |
 CAT | $459B | 52.4 | 36.5 | 44.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 DE | $159B | 31.9 | 20.2 | 49.2 | 36.5% | 18.8% | 20.5% | 7.8% | 6.0 |
 VMC | $39B | 37.3 | 19.1 | 34.6 | 27.3% | 20.1% | 13.0% | 8.8% | 2.3 |
| Industrials Median | — | 25.5 | 13.9 | 20.1 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 11 years · Updated daily
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WSC — Frequently Asked Questions
Quick answers to the most common questions about buying WSC stock.
What is WillScot Holdings Corporation's P/E ratio?
WillScot Holdings Corporation's current P/E ratio is -99.4x. The historical average is 50.9x.
What is WillScot Holdings Corporation's EV/EBITDA?
WillScot Holdings Corporation's current EV/EBITDA is 10.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.3x.
What is WillScot Holdings Corporation's ROE?
WillScot Holdings Corporation's return on equity (ROE) is -5.7%. The historical average is -0.7%.
Is WSC stock overvalued?
Based on historical data, WillScot Holdings Corporation is trading at a P/E of -99.4x. Compare with industry peers and growth rates for a complete picture.
What is WillScot Holdings Corporation's dividend yield?
WillScot Holdings Corporation's current dividend yield is 0.97%.
What are WillScot Holdings Corporation's profit margins?
WillScot Holdings Corporation has 46.8% gross margin and 21.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does WillScot Holdings Corporation have?
WillScot Holdings Corporation's Debt/EBITDA ratio is 4.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.