WSC
IndustrialsWillScot Holdings Corporation · Rental & Leasing Services · $4B
What is WillScot Holdings Corporation?
WillScot Holdings Corporation is a North American leader in modular workspace and portable storage rentals, serving customers across the United States, Canada, and Mexico. The company operates under the well-known WillScot and Mobile Mini brands.
The company leases modular office units and portable storage containers to businesses and institutions rather than selling them outright — a recurring-revenue model that generates steady cash flow across economic cycles. Its two segments, Modular Solutions and Storage Solutions, serve a broad range of end markets including construction, education, healthcare, government, and energy. Customers rent units for temporary or semi-permanent needs, making WillScot a pick-and-shovel play on project-driven economic activity.
WillScot Holdings was founded in 2015 and is headquartered in Phoenix, Arizona.
- Modular office and workspace units for temporary or semi-permanent use
- Portable and cold storage containers for commercial and industrial customers
- Blast-resistant modules for energy and industrial job sites
- Clearspan structures and ground-level office solutions
- Classroom and government-grade modular space units
Is WSC a Good Stock to Buy?
UQS Score rates WSC as Below Average overall, reflecting meaningful headwinds across several key quality dimensions.
The Valuation pillar stands out as Attractive relative to peers, suggesting the market may already be pricing in much of the near-term uncertainty. The Quality pillar lands at Neutral, meaning the underlying business model — built on recurring lease revenue — provides some operational stability even when growth slows.
The Moat, Growth, and Risk pillars all register as Weak, pointing to limited competitive differentiation, slowing expansion, and an elevated risk profile that investors should weigh carefully.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does WSC pay dividends?
Yes — WillScot Holdings Corporation pays a dividend.
WSC pays a regular dividend, which is relatively uncommon among mid-cap industrial rental companies still carrying meaningful debt. The dividend reflects management's confidence in the durability of lease-based cash flows. Income-focused investors should review the current yield and payout sustainability — both available in the full UQS Pro report — before relying on the dividend as a core return driver.
When does WSC report earnings?
WillScot Holdings reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Revenue trends have reflected softer demand in key end markets, particularly construction, which has weighed on unit utilization and pricing power. Management has focused on cost discipline and fleet optimization to protect margins during the slowdown.
For the most recent quarter's results and guidance, visit WillScot Holdings' investor relations page directly.
WSC Price History
-24.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in WillScot Holdings Corporation?
Based on WillScot Holdings Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
WSC Long-term Outlook
The Growth and Risk pillars both register as Weak, suggesting the near-term fundamental outlook is cautious. Lease demand is closely tied to construction activity and broader capital spending cycles, both of which face headwinds in the current environment. The Attractive Valuation pillar indicates the stock may offer a margin of safety, but a re-rating likely depends on demonstrable improvement in fleet utilization and a stabilization of end-market demand.
Growth drivers
- Recovery in construction and infrastructure spending across North America
- Cross-selling storage and modular solutions to the existing customer base
- Expansion into underpenetrated verticals such as healthcare and education
Key risks
- Prolonged softness in construction activity reducing fleet utilization
- Elevated debt load limiting financial flexibility if conditions worsen
- Competitive pricing pressure from regional and national rental peers
WSC vs Peers
WillScot operates in a fragmented equipment and space rental market alongside several publicly traded peers.
Herc focuses on general equipment rental rather than modular space, giving it broader end-market exposure but less specialization in workspace solutions.
Pony AI operates in autonomous vehicle technology, representing a very different risk-and-growth profile compared to WSC's asset-heavy rental model.
McGrath RentCorp is WSC's closest direct peer, competing in modular classroom and office rentals with a similarly recurring-revenue lease structure.
Frequently Asked Questions
What does WillScot Holdings do?
WillScot Holdings leases modular workspace units and portable storage containers to businesses, governments, schools, and construction sites across the US, Canada, and Mexico. Rather than selling these assets, the company earns recurring rental revenue — a model that provides relatively predictable cash flow tied to project timelines and space needs.
Does WSC pay dividends?
Yes, WillScot Holdings pays a regular dividend. This is notable for a mid-cap industrial rental company that also carries debt on its balance sheet. Investors should review the current yield and payout history on the company's investor relations page or in the full UQS Pro report to assess sustainability.
When does WSC report earnings?
WillScot Holdings reports financial results on a quarterly cadence, as is standard for US-listed companies. The company does not pre-announce specific dates far in advance. Check the investor relations section of WillScot's website for the most current earnings calendar.
Is WSC a good stock to buy?
The UQS Score rates WSC as Below Average, driven by Weak readings on Moat, Growth, and Risk. The Valuation pillar is Attractive, which may interest contrarian investors. Whether that valuation discount compensates for the fundamental challenges depends on your risk tolerance and investment horizon. The full pillar breakdown is available to UQS Pro members.
Is WSC overvalued?
Based on the UQS Valuation pillar, WSC is rated Attractive — meaning the stock appears to trade at a discount relative to its fundamentals and sector peers. However, an Attractive valuation alone does not guarantee returns; it must be weighed against the Weak Growth and Risk readings that also characterize the current profile.
How does WSC compare to its competitors?
Among its closest peers, McGrath RentCorp competes most directly in the modular space rental niche, while Herc Holdings offers broader equipment rental exposure. WSC's scale across both modular and storage segments is a differentiator, though the Weak Moat pillar suggests pricing power and switching costs are limited relative to what a truly entrenched competitor would enjoy.
What is WSC's market cap bracket?
WillScot Holdings is classified as a mid-cap company. This places it in a segment of the market that often balances growth potential with established operations, though mid-caps can be more sensitive to credit conditions and economic cycles than large-cap peers — a dynamic relevant given WSC's debt profile.
Who founded WillScot Holdings?
WillScot Holdings was established in 2015 and has grown significantly through acquisitions, most notably the merger with Mobile Mini. Detailed founding and executive history is publicly available through the company's investor relations materials and SEC filings.
Is WSC a long-term quality investment?
As a long-term quality indicator, WSC's Below Average UQS Score — with Weak readings on Moat, Growth, and Risk — suggests the business faces structural and cyclical challenges that could limit compounding over time. The recurring lease model provides some durability, but long-term investors should monitor whether the Moat and Growth pillars show improvement before committing capital.
What is the main competitive advantage of WillScot Holdings?
WillScot's primary advantage is its scale and national fleet footprint across both modular space and portable storage — two complementary rental categories. The ability to cross-sell both product lines to the same customer base lowers acquisition costs. However, the UQS Moat pillar rates this advantage as Weak, reflecting the competitive and fragmented nature of the rental market.
What sector does WSC belong to?
WillScot Holdings is classified in the Industrials sector. More specifically, it operates in the equipment and space rental niche — a segment that tends to be cyclical, tied closely to construction activity, capital spending, and broader economic conditions across North America.
Is WSC a growth stock or value stock?
Based on the UQS pillar profile, WSC leans toward value territory: the Valuation pillar is Attractive while the Growth pillar is Weak. This combination suggests the market has discounted the stock meaningfully, but organic growth momentum is limited at present — making it more of a value-oriented, recovery-dependent thesis than a pure growth play.
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Pro Analysis
WSC — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 36.4 | 47.5 | 28.0 | 26.9 | 4.3 | 76.5 | -0.5 |
| May 8, 2026 | 36.9 | 28.6 | 28.0 | 28.1 | 38.9 | 75.3 | -0.4 |
| May 7, 2026 | 37.3 | 48.1 | 28.0 | 28.1 | 4.9 | 79.4 | -0.1 |
| Apr 26, 2026 | 37.4 | 48.1 | 28.0 | 28.1 | 4.9 | 80.0 | -0.2 |
| Apr 19, 2026 | 37.6 | 48.1 | 28.0 | 28.1 | 4.9 | 81.3 | -0.3 |
| Apr 18, 2026 | 37.9 | 48.1 | 28.0 | 28.1 | 4.9 | 83.1 | -0.6 |
| Apr 17, 2026 | 38.5 | 48.1 | 28.0 | 28.1 | 4.9 | 87.7 | 0.0 |
| Apr 14, 2026 | 38.5 | 48.1 | 28.0 | 28.1 | 4.9 | 87.6 | -0.1 |
| Apr 12, 2026 | 38.6 | 48.1 | 28.0 | 28.1 | 4.9 | 88.1 | -0.3 |
| Apr 9, 2026 | 38.9 | 48.1 | 28.0 | 28.1 | 4.9 | 90.2 | +0.1 |
WSC — Pillar Breakdown
Quality
— 47.5/100 (25%)WillScot Holdings Corporation has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 26.9/100 (20%)WillScot Holdings Corporation faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 4.3/100 (15%)WillScot Holdings Corporation presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 75.7/100 (15%)WillScot Holdings Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 28/100 (25%)WillScot Holdings Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for WSC.
Score Composition
Financial Data
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How is the WSC UQS Score Calculated?
The UQS (Unified Quality Score) for WillScot Holdings Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses WillScot Holdings Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether WillScot Holdings Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.