WillScot Mobile Mini Holdings (WSC) AI Stock Analysis

• Market Cap: $3.43B
• Dividend Yield: 1.48%
• Average Volume (3M): 3.91M
• Price to Earnings (P/E): 15.6
• Beta (1Y): 1.94
• Revenue Growth: -3.64%
• EPS Growth: 867.62%
• Country: US
• Employees: 4,500
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): 0.30
• Shares Outstanding: 181,945,700
• 10 Day Avg. Volume: 3,047,901
• 30 Day Avg. Volume: 3,909,518
• 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: 2.26
• Enterprise Value/Revenue: 3.35
• Enterprise Value/Gross Profit: 6.52
• Enterprise Value/Ebitda: 8.88
• 1Y Price Target: $23.63
• Price Target Upside: 25.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 1.12
• Revenue Forecast (FY): $2.26B

• Rating: 69 Neutral
• Price Target: $22.50 ▲(19.30% Upside)

WillScot Mobile Mini Holdings shows strong operational efficiency and cash flow generation, which are significant strengths. However, revenue growth challenges and high leverage present risks. Technical indicators suggest mixed momentum, and the valuation is reasonable. The earnings call and corporate events provide a cautiously optimistic outlook, but revenue declines and market challenges remain concerns.

Positive Factors

Cash Flow Generation

Strong cash flow generation indicates robust operational performance and provides the company with flexibility to invest in growth opportunities and manage debt.

Operational Efficiency

High gross profit margins reflect effective cost management and operational efficiency, which can sustain profitability even in challenging market conditions.

Credit Facility Amendment

Extending credit facilities and reducing interest rates enhance financial flexibility and strengthen the company's market position by lowering financial risks.

Negative Factors

Revenue Decline

A decline in revenue suggests challenges in maintaining market share and growth, potentially impacting long-term profitability and strategic initiatives.

High Leverage

High leverage can strain financial resources, limit strategic flexibility, and increase vulnerability to economic downturns, posing long-term financial risks.

Challenges in Canadian Market

Weak performance in the Canadian market highlights regional vulnerabilities and may require strategic adjustments to mitigate impact on overall revenue.

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 generates revenue primarily through the rental of modular space units and portable storage containers. The company charges customers on a monthly basis for the use of its products, creating a recurring revenue stream. Additionally, WillScot offers sales of new and used modular units and storage containers, contributing to its revenue. The company benefits from economies of scale, as it operates a large fleet of units and has extensive operational capabilities across North America. Strategic partnerships with construction firms and other industries also enhance its revenue potential by ensuring a steady demand for its services. Seasonal fluctuations in construction and other sectors can impact earnings, but the company's diversified portfolio helps mitigate risks associated with economic cycles.

WillScot Mobile Mini Holdings Financial Statement Overview

Summary

WillScot Mobile Mini Holdings shows strong operational efficiency and cash flow generation, with a robust gross profit margin and impressive free cash flow growth. However, challenges include declining revenue growth and a high debt-to-equity ratio, which could pose financial risks.

Income Statement

WillScot Mobile Mini Holdings shows a strong gross profit margin of 51.35% TTM, indicating efficient cost management. However, the revenue growth rate has declined by 1.47% TTM, suggesting potential challenges in market expansion. The net profit margin of 9.64% TTM is healthy, but lower than previous years, indicating some profitability pressures. The EBIT and EBITDA margins are robust at 18.42% and 34.73% TTM, respectively, reflecting good operational efficiency.

Balance Sheet

The company has a high debt-to-equity ratio of 3.60 TTM, which could pose financial risk if not managed carefully. Return on equity is strong at 21.68% TTM, demonstrating effective use of equity to generate profits. However, the equity ratio is relatively low, indicating a higher reliance on debt financing.

Cash Flow

The free cash flow growth rate is impressive at 60.82% TTM, showing strong cash generation capabilities. The operating cash flow to net income ratio of 1.19 TTM indicates that the company is generating sufficient cash from operations. The free cash flow to net income ratio of 0.88 TTM suggests a solid conversion of net income into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.32B	2.40B	2.36B	2.14B	1.67B	1.27B
Gross Profit	1.19B	1.30B	1.33B	1.14B	844.70M	608.43M
EBITDA	872.78M	648.89M	1.01B	854.99M	585.98M	369.80M
Net Income	223.54M	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	14.76M	9.00M	10.96M	7.39M	6.39M	24.94M
Total Debt	3.91B	3.98B	3.80B	3.30B	2.90B	2.70B
Total Liabilities	5.04B	5.02B	4.88B	4.26B	3.78B	3.51B
Stockholders Equity	1.06B	1.02B	1.26B	1.57B	2.00B	2.06B
Cash Flow
Free Cash Flow	552.80M	262.35M	512.03M	257.86M	230.91M	115.97M
Operating Cash Flow	782.01M	561.64M	761.24M	744.66M	539.90M	304.81M
Investing Cash Flow	-443.35M	-362.35M	-350.00M	-309.33M	-384.05M	-125.36M
Financing Cash Flow	-335.73M	-200.12M	-418.94M	-429.37M	-167.89M	-158.96M

WillScot Mobile Mini Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 18.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 18.86 is below the 20-day moving average (MA) of 19.88, below the 50-day MA of 20.00, and below the 200-day MA of 24.64, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 43.89 is Neutral, neither overbought nor oversold. The STOCH value of 7.82 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
R	73 Outperform	$7.73B	16.25	16.26%	1.80%	1.68%	9.91%
WSC	69 Neutral	$3.43B	15.59	21.15%	1.48%	-3.64%	867.62%
HRI	67 Neutral	$5.12B	-61.11	-4.05%	1.82%	19.40%	-120.47%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MGRC	58 Neutral	$2.66B	18.29	12.70%	1.79%	4.77%	-35.44%
CTOS	50 Neutral	$1.35B	-53.84	-3.00%	―	7.39%	34.57%
FPAY	38 Underperform	$49.36K	-0.05	―	―	19.51%	29.43%

WillScot Mobile Mini Holdings Corporate Events

WillScot Mobile Mini Appoints New Chief Accounting Officer

On December 8, 2025, WillScot Holdings Corporation announced the appointment of Carisa Bianchi as Senior Vice President, Chief Accounting Officer, effective January 12, 2026. Ms. Bianchi, with over 25 years of experience in finance and operations, has held significant roles at Insight Enterprises and Amkor Technology. Her appointment includes a comprehensive compensation package with both cash and equity incentives, and she will become the principal accounting officer in her starting quarter, although Mathew T. Jacobsen will handle the 2025 10-K filing.

WillScot Amends Credit Agreement with Bank of America

On October 16, 2025, Williams Scotsman, Inc., a subsidiary of WillScot Holdings Corporation, along with other subsidiaries, amended their ABL Credit Agreement with Bank of America and other lenders. The amendment extends the revolving credit facilities to 2030, reduces interest rate spreads, and removes certain UK-related provisions, among other changes, impacting the company’s financial operations and potentially enhancing its market positioning.

WillScot Mobile Mini Relocates Headquarters to Scottsdale

On October 1, 2025, WillScot Holdings Corporation relocated its headquarters to 6400 E McDowell Road, Suite 300, Scottsdale, Arizona, 85257. This move signifies a change in the company’s principal mailing address, although its telephone number remains unchanged, impacting how stockholders and others will correspond with the company.