WillScot Mobile Mini Holdings (WSC) AI Stock Analysis

• Market Cap: $4.22B
• Dividend Yield: 0.92%
• Average Volume (3M): 2.53M
• Price to Earnings (P/E): 38.8
• Beta (1Y): 1.68
• Revenue Growth: -2.34%
• EPS Growth: -37.24%
• Country: US
• Employees: 4,500
• Sector: Industrials
• Sector Strength: 71
• Industry: Rental & Leasing Services
• EPS (TTM): 0.27
• Shares Outstanding: 182,075,090
• 10 Day Avg. Volume: 1,826,333
• 30 Day Avg. Volume: 2,533,662
• PEG Ratio: -2.39
• Price to Book (P/B): 6.18
• Price to Sales (P/S): 2.63
• P/FCF Ratio: 11.58
• Enterprise Value/Market Cap: 2.12
• Enterprise Value/Revenue: 3.81
• Enterprise Value/Gross Profit: 7.30
• Enterprise Value/Ebitda: 12.36
• 1Y Price Target: $33.17
• Price Target Upside: 44.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 62 Neutral
• Price Target: $27.00 ▲(17.96% Upside)

WillScot Mobile Mini Holdings demonstrates solid operational efficiency and strong cash flow, which are offset by high leverage and valuation concerns. Technical indicators suggest bearish sentiment, although oversold conditions may offer a short-term rebound opportunity. The earnings call highlights both strengths in adjusted EBITDA and challenges in leasing revenue, resulting in a balanced outlook.

Positive Factors

Strong Cash Flow

Strong cash flow generation supports operational and investment needs, ensuring financial stability and growth potential.

Enterprise Account Growth

Growth in enterprise accounts indicates strong demand for modular solutions, enhancing revenue stability and market position.

Climate-Controlled Units Growth

Significant growth in climate-controlled units shows product diversification and adaptation to market needs, supporting long-term revenue.

Negative Factors

High Financial Leverage

Significant leverage poses financial risks, potentially limiting flexibility and increasing vulnerability to economic downturns.

Leasing Revenue Decline

Decline in leasing revenue suggests challenges in maintaining rental income, impacting overall revenue growth and profitability.

Challenges in Small Project Demand

Weak demand in small projects indicates potential market saturation or competition, affecting growth prospects in this segment.

WillScot Mobile Mini Holdings Business Overview & Revenue Model

Company Description

WillScot Holdings Corporation provides workspace and portable storage solutions in the United States, Canada, and Mexico. It operates in two segments, Modular Solutions and Storage Solutions. Its modular solutions include panelized and stackable offices, single-wide modular space units, section modulars and redi-plex, classrooms, ground level offices, blast-resistant modules, clearspan structures, and other modular space; and portable storage solutions, such as portable and cold storage containers, as well as trailers. The company leases modular space and portable storage units to customers in the construction, commercial and industrial, retail and wholesale trade, energy and natural resources, education, government and institutions, and healthcare markets. The company offers its solutions primarily under the WillScot and Mobile Mini brand names. The company was formerly known as WillScot Mobile Mini Holdings Corp. and changed its name to WillScot Holdings Corporation in July 2024. WillScot Mobile Mini Holdings Corp. is headquartered in Phoenix, Arizona.

How the Company Makes Money

WillScot Mobile Mini Holdings generates revenue through the rental and sale of modular buildings and portable storage units. The company's primary revenue streams include lease agreements for their modular space solutions, which provide recurring income, and the sale of new and used units. Additionally, WSC offers ancillary services such as transportation, installation, and maintenance of their products, which further contributes to their earnings. The company benefits from significant partnerships with construction firms, government entities, and various industries that require flexible space solutions, enhancing its market presence and revenue potential.

WillScot Mobile Mini Holdings Financial Statement Overview

Summary

WillScot Mobile Mini Holdings shows strong operational efficiency with a solid gross profit margin and a robust cash flow position. However, it faces challenges with high financial leverage and a relatively low net profit margin. The decline in net income is concerning, and managing debt levels will be crucial for long-term financial health.

Income Statement

The income statement shows a solid gross profit margin of 53.3% for TTM, indicating efficient cost management. However, the net profit margin is relatively low at 4.7%, reflecting high operational costs or other expenses impacting net income. Revenue growth has been marginally positive, with a decrease in TTM compared to 2024. EBIT and EBITDA margins are satisfactory at 16.4% and 27.0% respectively, showing operational efficiency, but there's a need for improvement in net profitability.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 3.74, highlighting significant leverage which could pose financial risks. The return on equity (ROE) is modest at 10.6% for TTM, showing moderate returns to shareholders. The equity ratio of 18.6% indicates a reliance on debt over equity financing, suggesting potential risk if debt servicing becomes challenging. Overall, while the company is leveraging debt for growth, it should be cautious of increased financial risk.

Cash Flow

Cash flow analysis shows a robust operating cash flow to net income ratio of 5.37, suggesting strong cash generation relative to earnings. The free cash flow to net income ratio is 3.91, indicating efficient conversion of profits into free cash flow. However, there is a noticeable decline in free cash flow growth, from 2024 to TTM, which requires monitoring. The company’s cash flow position is strong, supporting its operational and investment needs effectively.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.35B	2.40B	2.36B	2.14B	1.89B	1.37B
Gross Profit	1.23B	1.30B	1.33B	1.14B	968.21M	659.97M
EBITDA	725.85M	648.89M	1.02B	826.05M	536.35M	377.48M
Net Income	109.73M	28.13M	476.46M	339.54M	160.14M	74.13M
Balance Sheet
Total Assets	6.10B	6.03B	6.14B	5.83B	5.77B	5.57B
Cash, Cash Equivalents and Short-Term Investments	12.85M	9.00M	10.96M	7.39M	12.70M	24.94M
Total Debt	3.96B	3.98B	3.80B	3.30B	2.96B	2.70B
Total Liabilities	5.07B	5.02B	4.88B	4.26B	3.78B	3.43B
Stockholders Equity	1.03B	1.02B	1.26B	1.57B	2.00B	2.14B
Cash Flow
Free Cash Flow	429.48M	543.21M	512.03M	257.86M	230.91M	115.97M
Operating Cash Flow	589.29M	561.64M	761.24M	744.66M	539.90M	304.81M
Investing Cash Flow	-442.12M	-362.35M	-350.00M	-309.33M	-384.05M	-125.36M
Financing Cash Flow	-140.40M	-200.12M	-418.94M	-429.37M	-167.89M	-158.96M

WillScot Mobile Mini Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 22.89
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WSC, the sentiment is Negative. The current price of 22.89 is below the 20-day moving average (MA) of 24.03, below the 50-day MA of 26.71, and below the 200-day MA of 30.04, indicating a bearish trend. The MACD of -0.91 indicates Negative momentum. The RSI at 34.65 is Neutral, neither overbought nor oversold. The STOCH value of 14.85 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WSC.

WillScot Mobile Mini Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MGRC	81 Outperform	$3.04B	12.02	23.85%	1.57%	8.78%	117.40%
R	78 Outperform	$7.67B	16.06	16.38%	1.79%	3.68%	6.61%
CTOS	67 Neutral	$1.33B	―	-4.37%	―	6.21%	-177.57%
Sector *	63 Neutral	$10.70B	15.26	7.37%	2.02%	2.87%	-14.59%
WSC	62 Neutral	$4.22B	38.76	9.82%	0.92%	-2.34%	-37.24%
HRI	61 Neutral	$4.59B	159.99	1.41%	2.07%	11.41%	-92.67%
FPAY	41 Neutral	$15.03M	―	-4.33%	―	19.51%	29.43%

WillScot Mobile Mini Holdings Corporate Events

WillScot Mobile Mini Announces CAO Departure Agreement

In early June, WillScot Holdings Corporation decided to move the principal accounting officer’s duties from Baltimore to its Phoenix headquarters. Consequently, on July 19, 2025, the company entered into a Separation and Release Agreement with Sally Shanks, the Chief Accounting Officer based in Baltimore. Ms. Shanks will continue in her role until August 15, 2025, after which she will receive severance and benefits, along with continued vesting of her equity awards until May 15, 2026.

The most recent analyst rating on (WSC) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on WillScot Mobile Mini Holdings stock, see the WSC Stock Forecast page.

WillScot Mobile Mini Holds Annual Stockholders Meeting

At the annual meeting of stockholders of WillScot Holdings Corporation held on June 6, 2025, stockholders voted on three proposals. All ten of management’s nominees for directors were elected to serve until the 2026 annual meeting. Additionally, Ernst & Young LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2025, and the compensation of the company’s named executive officers was approved on an advisory basis.

The most recent analyst rating on (WSC) stock is a Hold with a $35.00 price target. To see the full list of analyst forecasts on WillScot Mobile Mini Holdings stock, see the WSC Stock Forecast page.