WillScot Holdings
WSC on Nasdaq. WillScot rents temporary modular offices and portable storage containers to businesses. Market value $3.1bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $21.67 of spare cash in the past 12 months. A savings account pays about $4.
You pay 44.4 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 5 cents a year. Above 10 is good.
Quality score: 66 of 100. Price score: 33 of 100. Our list needs 70 on quality and 60 on price.
$17.36 a share, 16% above its 1-year low
Over the past year the price has ranged from $14.91 to $29.77.
Dividend: 1.6% a year
Paid in its latest year
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $1.7bn | $2.1bn | $2.4bn | $2.4bn | $2.3bn |
| Operating margin | |||||
| Operating margin | 18.0% | 23.9% | 28.5% | 11.0% | 8.0% |
| Debt to equity | |||||
| Debt to equity | 1.34 | 1.97 | 2.82 | 3.64 | 4.19 |
| Shares outstanding | |||||
| Shares outstanding | 0.21bn | 0.19bn | 0.18bn | 0.18bn | 0.18bn |
Health checks
- Free cash flow positive5 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)4 of 8 checks we could run
- Profit backed by cash (accruals)No
- Debt4.19× equity
- Revenue growth, five yearsStrong, 12.4% a year
- Buying back its own sharesYes, 13% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $612 million last quarter, up 4% on a year ago.
- Profit: $47 million, down 2% on a year ago.
- It keeps 7 cents of each $1 of sales as operating profit, down from 16 cents a year earlier.
- Spare cash over the past 12 months: $682 million, up from $573 million.
- 1% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $3.5 billion more than cash, down from $3.7 billion a year ago.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $601m |
| December 2024 | $603m |
| March 2025 | $560m |
| June 2025 | $589m |
| September 2025 | $567m |
| December 2025 | $566m |
| March 2026 | $549m |
| June 2026 | $612m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$70m |
| December 2024 | $89m |
| March 2025 | $43m |
| June 2025 | $48m |
| September 2025 | $43m |
| December 2025 | -$187m |
| March 2026 | $28m |
| June 2026 | $47m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 19 February 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
8 long-term investors we follow own it, up from 7 last quarter. 371 funds in all.
- Leon Cooperman (Omega Family Office)Leon Cooperman
- Value
- $116m
- Share of fund
- 3.3%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Leon Cooperman (Omega Family Office)Leon Cooperman | $116m | 3.3% | |
| Barrow HanleyBarrow Hanley team | $68m | 0.2% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $15m | <0.1% | Added |
| Marathon Asset ManagementNeil Ostrer | $14m | 0.6% | Added |
| GMOJeremy Grantham | $6m | <0.1% | Cut |
| Mawer Investment ManagementMawer team | $5m | <0.1% | Cut |
| Cambiar InvestorsBrian Barish | $4m | 0.2% | Cut |
| Polen CapitalDan Davidowitz | $987,849 | <0.1% | New |
Largest holders overall
- FMR$784m
- BlackRock$610m
- Vanguard Portfolio Management$266m
- JPMorgan Chase$241mCut
- Vanguard Capital Management$227m
- State Street$174mAdded
- T. Rowe Price Investment Management$162mCut
- Capital International Investors$142m
- Samlyn Capital$134m
- Clearbridge Investments$133mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- FMR LLCPassive investorat least 15.0%+1.7 pts(filed with 1 related holder)Since 31 March 2026
- BlackRock, Inc.Passive investor11.8%Since 31 March 2025
- Vanguard Portfolio ManagementPassive investor5.1%Since 31 March 2026
- Vanguard Capital ManagementPassive investor5.1%Since 31 March 2026
- JPMORGAN CHASE & CO.Passive investorSold down below 5%Since 30 June 2026
- T. Rowe Price Associates, Inc.Passive investorSold down below 5%Since 31 December 2024
- Franklin Mutual Advisers, LLCPassive investorSold down below 5%Since 30 June 2025
- THE GOLDMAN SACHS GROUP, INC.Passive investorSold down below 5%Since 31 March 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
FMR LLC Passive investor | at least 15.0%+1.7 pts (filed with 1 related holder) | 31 March 2026 | |
BlackRock, Inc. Passive investor | 11.8% | 31 March 2025 | |
Vanguard Portfolio Management Passive investor | 5.1% | 31 March 2026 | |
Vanguard Capital Management Passive investor | 5.1% | 31 March 2026 | |
JPMORGAN CHASE & CO. Passive investor | Sold down below 5% | 30 June 2026 | |
T. Rowe Price Associates, Inc. Passive investor | Sold down below 5% | 31 December 2024 | |
Franklin Mutual Advisers, LLC Passive investor | Sold down below 5% | 30 June 2025 | |
THE GOLDMAN SACHS GROUP, INC. Passive investor | Sold down below 5% | 31 March 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 1 sold $4m.
- Soultz Bradley LeeDirectorSold
- Date
- 13 May 2026
- Shares
- 4,317
- Price
- $25.92
- Value
- $111,897
- Soultz Bradley LeeDirectorSold
- Date
- 12 May 2026
- Shares
- 151,464
- Price
- $27.02
- Value
- $4m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 13 May 2026 | Soultz Bradley Lee Director | Sold | 4,317 | $25.92 | $111,897 |
| 12 May 2026 | Soultz Bradley Lee Director | Sold | 151,464 | $27.02 | $4m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- It carries a lot of debt: 4.2× its equity.
- It isn't cheap on profits: 44.4× operating profit.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.