Tearsheet

WillScot (WSC)


Market Price (2/16/2026): $21.94 | Market Cap: $4.0 Bil
Sector: Industrials | Industry: Office Services & Supplies

WillScot (WSC)


Market Price (2/16/2026): $21.94
Market Cap: $4.0 Bil
Sector: Industrials
Industry: Office Services & Supplies

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, FCF Yield is 11%
Weak multi-year price returns
2Y Excs Rtn is -94%, 3Y Excs Rtn is -123%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 99%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24%
Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.95, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.6%, Rev Chg QQuarterly Revenue Change % is -5.8%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
  Key risks
WSC key risks include [1] an aging fleet and substantial debt, Show more.
3 Megatrend and thematic drivers
Megatrends include E-commerce Logistics & Data Centers, and Renewable Energy Transition. Themes include E-commerce Logistics REITs, Solar Energy Generation, Show more.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, FCF Yield is 11%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 24%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%
3 Megatrend and thematic drivers
Megatrends include E-commerce Logistics & Data Centers, and Renewable Energy Transition. Themes include E-commerce Logistics REITs, Solar Energy Generation, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -94%, 3Y Excs Rtn is -123%
5 Meaningful short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.95, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 99%
7 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.6%, Rev Chg QQuarterly Revenue Change % is -5.8%
8 Key risks
WSC key risks include [1] an aging fleet and substantial debt, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

WillScot (WSC) stock has remained largely at the same level since 10/31/2025 because of the following key factors:

1. Disappointing Q3 2025 Results and Conservative Q4 Outlook. WillScot reported mixed third-quarter 2025 results on November 6, 2025, with an earnings per share (EPS) beat but revenue falling below analyst expectations. The company's updated full-year 2025 outlook included a conservative fourth-quarter revenue projection of $545 million, which missed market expectations of $583.42 million. This outlook, described as an initial baseline for 2026, contributed to an immediate stock price decline in early November 2025, setting a cautious tone for the period.

2. Neutral to Cautious Analyst Sentiment. Following the mixed Q3 results and conservative guidance, several Wall Street analysts downgraded their ratings or lowered price targets for WillScot. Analysts cited concerns about sluggish rental rate and revenue growth, and mixed demand trends, leading to a generally neutral to cautious outlook that prevented significant upward momentum in the stock price.

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Stock Movement Drivers

Fundamental Drivers

The -0.3% change in WSC stock from 10/31/2025 to 2/15/2026 was primarily driven by a -51.0% change in the company's P/E Multiple.
(LTM values as of)103120252152026Change
Stock Price ($)21.6721.62-0.3%
Change Contribution By: 
Total Revenues ($ Mil)2,3532,318-1.5%
Net Income Margin (%)4.7%9.6%106.8%
P/E Multiple36.017.7-51.0%
Shares Outstanding (Mil)182183-0.2%
Cumulative Contribution-0.3%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 2/15/2026
ReturnCorrelation
WSC-0.3% 
Market (SPY)-0.0%44.1%
Sector (XLI)12.3%52.1%

Fundamental Drivers

The -25.9% change in WSC stock from 7/31/2025 to 2/15/2026 was primarily driven by a -63.5% change in the company's P/E Multiple.
(LTM values as of)73120252152026Change
Stock Price ($)29.1621.62-25.9%
Change Contribution By: 
Total Revenues ($ Mil)2,3532,318-1.5%
Net Income Margin (%)4.7%9.6%106.8%
P/E Multiple48.517.7-63.5%
Shares Outstanding (Mil)182183-0.2%
Cumulative Contribution-25.9%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 2/15/2026
ReturnCorrelation
WSC-25.9% 
Market (SPY)8.2%46.1%
Sector (XLI)15.1%56.6%

Fundamental Drivers

The -41.0% change in WSC stock from 1/31/2025 to 2/15/2026 was primarily driven by a -93.5% change in the company's P/E Multiple.
(LTM values as of)13120252152026Change
Stock Price ($)36.6421.62-41.0%
Change Contribution By: 
Total Revenues ($ Mil)2,4062,318-3.6%
Net Income Margin (%)1.0%9.6%819.1%
P/E Multiple273.317.7-93.5%
Shares Outstanding (Mil)1881833.0%
Cumulative Contribution-41.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2025 to 2/15/2026
ReturnCorrelation
WSC-41.0% 
Market (SPY)14.3%63.3%
Sector (XLI)27.2%68.6%

Fundamental Drivers

The -54.9% change in WSC stock from 1/31/2023 to 2/15/2026 was primarily driven by a -43.5% change in the company's P/E Multiple.
(LTM values as of)13120232152026Change
Stock Price ($)47.9221.62-54.9%
Change Contribution By: 
Total Revenues ($ Mil)1,9292,31820.1%
Net Income Margin (%)17.0%9.6%-43.2%
P/E Multiple31.317.7-43.5%
Shares Outstanding (Mil)21418316.9%
Cumulative Contribution-54.9%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2023 to 2/15/2026
ReturnCorrelation
WSC-54.9% 
Market (SPY)74.0%54.1%
Sector (XLI)78.5%60.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
WSC Return76%11%-1%-25%-43%13%-7%
Peers Return88%-9%40%19%4%8%221%
S&P 500 Return27%-19%24%23%16%-0%82%

Monthly Win Rates [3]
WSC Win Rate83%58%58%42%42%100% 
Peers Win Rate73%43%58%52%47%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
WSC Max Drawdown0%-24%-22%-26%-55%0% 
Peers Max Drawdown-2%-34%-10%-12%-25%-8% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-1% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MGRC, URI, HRI, CVCO, SKY. See WSC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/13/2026 (YTD)

How Low Can It Go

Unique KeyEventWSCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-33.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven51.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-60.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven150.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven231 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-51.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven107.4%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven340 days120 days

Compare to MGRC, URI, HRI, CVCO, SKY

In The Past

WillScot's stock fell -33.9% during the 2022 Inflation Shock from a high on 3/7/2023. A -33.9% loss requires a 51.3% gain to breakeven.

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About WillScot (WSC)

WillScot Mobile Mini Holdings Corp. provides work space and portable storage solutions in the United States, Canada, Mexico, and the United Kingdom. The company leases modular space and portable storage units to customers in the commercial and industrial, construction, education, energy and natural resources, government, and other end markets. As of December 31, 2021, it had approximately 390,000 total units, which included 162,000 modular space units; 213,000 portable storage units; 13,000 tank and pump units; and other value-added products. The company offers its solutions primarily under the WillScot and Mobile Mini brands. WillScot Mobile Mini Holdings Corp. was incorporated in 2017 and is headquartered in Phoenix, Arizona.

AI Analysis | Feedback

Here are a few analogies to describe WillScot (WSC):

  • United Rentals for temporary buildings and storage containers. (Both provide B2B rental solutions for temporary needs, but WSC focuses on modular space rather than heavy equipment.)
  • Hertz or Enterprise for mobile offices and storage units. (They rent physical assets for temporary use, similar to how car rental companies provide temporary vehicle access.)

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  • Mobile Offices: Rental of temporary, ready-to-work mobile office trailers and complexes for various industries.
  • Storage Containers: Rental of secure, portable steel storage units available in various sizes for on-site material and equipment storage.
  • Modular Buildings: Rental of customizable, larger-scale temporary and permanent modular structures for diverse applications such as classrooms or healthcare facilities.
  • Value-Added Products and Services (VAPS): Provision of ancillary solutions including furniture, steps, ramps, security systems, and insurance to enhance the functionality and convenience of their core rental units.

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WillScot Mobile Mini Holdings Corp. (WSC) primarily sells its modular space and portable storage solutions to other companies and organizations rather than to individuals. Due to the diverse and fragmented nature of its customer base, WillScot does not publicly disclose a limited number of specific "major customer" companies that account for a significant portion of its revenue. Instead, its customers span across thousands of businesses within various industries.

The major categories of companies and organizations that WillScot serves include:

  • Construction Companies: This sector represents a significant portion of WillScot's customer base, including general contractors, subcontractors, and developers. These companies utilize mobile offices, storage containers, and modular complexes for temporary on-site offices, secure material storage, and crew facilities for commercial, residential, and infrastructure projects.
  • Industrial and Commercial Businesses: This broad category encompasses a wide array of enterprises such as manufacturing plants, retail chains, logistics companies, energy companies (oil & gas, utilities), and other commercial entities. They often require temporary offices, secure storage, specialized modular units, or event solutions for expansions, renovations, seasonal needs, or operational support.
  • Public Sector and Institutions: This group includes governmental agencies (federal, state, and local), educational institutions (schools, universities), and healthcare providers (hospitals, clinics, laboratories). These customers frequently need temporary facilities for administrative functions, classrooms, medical units, emergency response, or swing space during permanent facility upgrades.

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Bradley L. Soultz, Chief Executive Officer

Mr. Soultz serves as CEO of WillScot and was the President and CEO of WillScot before its merger with Mobile Mini. Prior to becoming WillScot's President and CEO in November 2017, he served as President and CEO of Williams Scotsman International Inc. (WSII) from January 2014, where he was responsible for strategic and operational aspects of the North American business and played a key role in preparing the company for its reemergence as a public entity. Before joining WSII, Mr. Soultz served as the Chief Commercial and Strategy Officer of Novelis Inc.

Matthew T. Jacobsen, Executive Vice President – Chief Financial Officer

Mr. Jacobsen serves as Chief Financial Officer of WillScot, a role he assumed effective January 1, 2025. Until December 2024, he served as Senior Vice President of Finance since July 2020 when WillScot Corporation merged with Mobile Mini, leading Financial Planning and Analysis, Treasury, and Business Intelligence functions. Mr. Jacobsen joined Williams Scotsman in November 2010 and held roles of increasing responsibility within the Finance and Accounting functions. Prior to joining Williams Scotsman, he worked in public accounting within Deloitte's audit practice.

Timothy D. Boswell, President & Chief Operating Officer

Mr. Boswell serves as President and Chief Operating Officer of WillScot and is slated to succeed Bradley L. Soultz as Chief Executive Officer, effective January 1, 2026. Until December 2024, he was Chief Financial Officer, a position he held since November 2017 when Williams Scotsman spun out of its predecessor company and listed on the Nasdaq as WillScot Corporation. Previously, Mr. Boswell was Vice President, Finance and Treasurer of Williams Scotsman International Inc., responsible for the company's North American finance, strategy, and IT functions. He also served as the company's Chief of Staff to the CEO and Vice President of Strategy and Business Development. Prior to joining Algeco Scotsman (a predecessor company) in June 2012, Mr. Boswell was a Vice President at Sterling Partners, a Chicago-based private equity firm, responsible for principal investing and portfolio company management.

Hezron Timothy Lopez, Executive Vice President – Chief Legal & Compliance Officer & ESG

Mr. Lopez serves as EVP – Chief Legal & Compliance Officer & ESG of WillScot. He joined WillScot in June 2019 as Vice President, General Counsel and Corporate Secretary until the merger with Mobile Mini. At the time of the merger, he assumed the role of EVP - Chief Human Resources Officer & ESG of WillScot Mobile Mini. Previously, Mr. Lopez served as Senior Vice President, General Counsel and Corporate Secretary of Herman Miller, Inc. (NASDAQ: MLKN) from 2012 to 2018.

Felicia Gorcyca, Executive Vice President – Chief Human Resources Officer

Ms. Gorcyca serves as Executive Vice President and Chief Human Resources Officer for WillScot.

AI Analysis | Feedback

The key risks to WillScot's (WSC) business are:
  1. Dependence on Non-Residential Construction Sector and Economic Cycles: WillScot's business performance is highly reliant on the activity within the non-residential construction sector and broader macroeconomic conditions. A sustained slowdown in non-residential construction projects, as evidenced by declining square foot starts and negative indicators like the National Architecture Billings Index, directly leads to reduced demand for the company's modular space and portable storage solutions, impacting revenue and profitability.

  2. Aging Fleet and Substantial Debt: The company faces challenges related to an aging fleet of rental equipment, which can lead to increased depreciation costs and concerns about the rentability of units. This operational challenge is compounded by substantial debt burdens, resulting in a poor financial strength rating and a low interest coverage ratio.

  3. Declining Volume and Utilization Rates: WillScot has experienced a decline in the number of modular space and portable storage units on rent. This ongoing weakness in volume trends across the board, including a notable decrease in seasonal storage, has led to revenue declines despite efforts to offset these with increased rental rates and value-added products and services.

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WillScot Corporation (WSC) operates primarily in two main product and service categories: modular space solutions and portable storage solutions, along with providing Value-Added Products and Services (VAPS).

Modular Space Solutions

  • The total addressable market for modular space, as identified by WillScot, is approximately $20 billion. This market is primarily North American, given WillScot's market leadership in North American modular workplace solutions.
  • Specifically, the U.S. modular construction market was valued at an estimated USD 10.53 billion in 2022 and is projected to reach approximately USD 24.15 billion by 2033, demonstrating a compound annual growth rate (CAGR) of 7.82% from 2024 to 2033.
  • In 2024, the U.S. modular construction market reached $20.3 billion and is expected to grow to $25.4 billion by 2029.
  • The North American modular construction market is estimated at USD 19.77 billion in 2025 and is forecast to reach USD 25.40 billion by 2030, with a CAGR of 5.13%. The United States accounted for 79.43% of this market in 2024.

Portable Storage Solutions

  • The U.S. Portable Storage Container Rental Market was valued at USD 532.42 million in 2023 and is projected to grow to USD 791.42 million by 2031, at a CAGR of 5.82% from 2024 to 2031.
  • The global portable storage services market size is estimated at $15 billion in 2025, with a projected CAGR of 7% from 2025 to 2033. North America is expected to be a region of strong growth for these services.

Value-Added Products and Services (VAPS)

  • WillScot identifies VAPS as a significant revenue growth opportunity, representing $500 million. The company aims for VAPS to contribute 20%-25% of its $3 billion revenue target by 2029. While a distinct addressable market size for VAPS was not found, this indicates the segment's internal market potential for WillScot.

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Below are the expected drivers of future revenue growth for WillScot (WSC) over the next 2-3 years:
  1. Growth in Value-Added Products and Services (VAPS) and New Product Lines: WillScot anticipates continued revenue growth from its Value-Added Products and Services, with VAPS revenues showing a 5% year-over-year increase on a per-unit basis for modular units and approximately 22% on storage units. Newer product offerings, such as climate-controlled storage units and FLEX units, have demonstrated substantial growth, up 44% and 30% year-over-year, respectively. The company expects its perimeter and clearspan offerings to continue ramping up into 2026.
  2. Expansion in Enterprise Accounts and Non-Construction Verticals: The company expects its enterprise portfolio to achieve a mid-to-high single-digit growth rate into 2026. This growth is driven by the expansion of existing customer relationships and a more focused strategy on non-construction sectors, leveraging strong demand in these enterprise accounts.
  3. Continued Rental Rate Increases: Despite some volume declines in the modular and storage portfolios, WillScot has successfully implemented rental rate increases. In Q2 2025, modular space unit average monthly rental rates increased by 5% year-over-year to $1,237, which helps offset volume headwinds and drives leasing revenue.
  4. Strategic Mergers and Acquisitions (M&A): WillScot has a history of utilizing acquisitions to expand its market position and product offerings, including establishing market-leading positions in climate-controlled storage and clearspan structures. The company announced the acquisition of McGrath RentCorp in early 2024, signaling that M&A remains a part of its strategy for future growth.

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Share Repurchases

  • WillScot returned $270 million to shareholders by repurchasing 7.1 million shares of Common Stock in fiscal year 2024, reducing the outstanding share count by 3.4% over the twelve months ended December 31, 2024.
  • In the second quarter of 2025, the company repurchased 1,533,109 shares for $40 million, contributing to a 3.4% reduction in outstanding shares over the 12 months ending June 30, 2025.
  • During the third quarter of 2025, $21 million was returned to shareholders through share repurchases and quarterly cash dividends, including the repurchase of 296,805 shares for $8 million.

Outbound Investments

  • WillScot deployed approximately $134 million towards tuck-in acquisitions in the second quarter of 2025, which included a regional climate-controlled temporary storage business.
  • For the nine months ended September 30, 2025, the company acquired a regional provider of climate-controlled containers and trailers for $115.6 million, net of cash acquired.
  • In 2024, WillScot invested $121 million in acquisitions over the trailing twelve months, with $37 million invested in one acquisition during Q4 2024.

Capital Expenditures

  • WillScot's Net Capital Expenditures (CAPEX) for the nine months ended September 30, 2025, increased by 16% year-over-year to $206 million, primarily focused on investments in high-demand categories such as FLEX, complexes, fleet refurbishment, and newer product lines.
  • For the full year 2025, the company expects Net CAPEX to be approximately $275 million.
  • In Q3 2025, the company invested $69 million in Net CAPEX, including $81 million for rental equipment to support both maintenance needs and growth in new product lines.

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Peer Comparisons

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Financials

WSCMGRCURIHRICVCOSKYMedian
NameWillScot McGrath .United R.Herc Cavco In.Champion. 
Mkt Price21.62117.64869.57173.12590.3896.14145.38
Mkt Cap4.02.955.15.74.65.45.0
Rev LTM2,31893116,0993,8762,2032,6362,477
Op Inc LTM5492333,974462216258360
FCF LTM45259662-186205260232
FCF 3Y Avg4094572-206186208197
CFO LTM7822125,1901,101239297540
CFO 3Y Avg7092354,8131,125210256482

Growth & Margins

WSCMGRCURIHRICVCOSKYMedian
NameWillScot McGrath .United R.Herc Cavco In.Champion. 
Rev Chg LTM-3.6%4.8%4.9%12.4%14.3%8.7%6.8%
Rev Chg 3Y Avg6.8%20.7%11.7%15.6%1.2%1.0%9.3%
Rev Chg Q-5.8%-3.9%2.8%35.2%11.3%1.8%2.3%
QoQ Delta Rev Chg LTM-1.5%-1.1%0.7%9.6%2.7%0.4%0.6%
Op Mgn LTM23.7%25.0%24.7%11.9%9.8%9.8%17.8%
Op Mgn 3Y Avg25.5%24.9%26.0%17.7%10.1%10.0%21.3%
QoQ Delta Op Mgn LTM-0.7%-0.6%-0.4%-1.8%-0.7%-0.4%-0.6%
CFO/Rev LTM33.7%22.7%32.2%28.4%10.8%11.3%25.6%
CFO/Rev 3Y Avg30.1%26.9%31.6%32.1%10.5%11.0%28.5%
FCF/Rev LTM19.5%6.3%4.1%-4.8%9.3%9.9%7.8%
FCF/Rev 3Y Avg17.4%0.0%3.8%-6.1%9.4%9.0%6.4%

Valuation

WSCMGRCURIHRICVCOSKYMedian
NameWillScot McGrath .United R.Herc Cavco In.Champion. 
Mkt Cap4.02.955.15.74.65.45.0
P/S1.73.13.41.52.12.02.1
P/EBIT7.312.613.619.819.718.916.2
P/E17.719.922.1-83.325.025.221.0
P/CFO5.113.710.65.219.318.112.2
Total Yield6.6%6.7%5.4%0.2%4.0%4.0%4.7%
Dividend Yield1.0%1.6%0.8%1.4%0.0%0.0%0.9%
FCF Yield 3Y Avg7.8%0.2%1.3%-4.7%5.2%4.5%2.9%
D/E1.00.20.31.70.00.00.2
Net D/E1.00.20.31.7-0.0-0.10.2

Returns

WSCMGRCURIHRICVCOSKYMedian
NameWillScot McGrath .United R.Herc Cavco In.Champion. 
1M Rtn-3.9%6.8%-5.4%9.6%-15.4%-0.2%-2.0%
3M Rtn23.5%16.4%4.5%30.2%5.8%18.1%17.3%
6M Rtn-10.0%-0.8%-3.9%40.2%22.9%31.4%11.1%
12M Rtn-42.5%-0.6%18.3%-12.1%9.7%-10.5%-5.5%
3Y Rtn-57.5%18.0%94.1%23.0%105.4%32.9%28.0%
1M Excs Rtn-0.7%8.4%-3.7%10.1%-13.1%1.9%0.6%
3M Excs Rtn19.5%14.5%1.5%24.9%5.3%19.3%16.9%
6M Excs Rtn-17.4%-6.4%-10.9%33.3%16.5%25.1%5.0%
12M Excs Rtn-53.6%-13.0%6.5%-28.0%-0.5%-21.4%-17.2%
3Y Excs Rtn-122.7%-45.6%29.8%-49.1%37.6%-27.7%-36.6%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Modular space leasing revenue954    
Delivery and installation revenue437    
Portable storage leasing revenue397    
Value-added products and services (VAPS) and third party leasing revenues392    
Other leasing-related revenue91    
New unit sales revenue48    
Rental unit sales revenue46    
Modular 1,3421,1641,0511,064
Storage 801509222 
Tank and Pump Solutions (Tank and Pump)   48 
United Kingdom Storage Solutions (UK Storage)   46 
Total2,3652,1431,6731,3681,064


Price Behavior

Price Behavior
Market Price$21.62 
Market Cap ($ Bil)4.0 
First Trading Date07/25/2013 
Distance from 52W High-44.0% 
   50 Days200 Days
DMA Price$20.68$23.56
DMA Trenddownup
Distance from DMA4.6%-8.2%
 3M1YR
Volatility54.2%52.4%
Downside Capture140.16210.04
Upside Capture249.82128.28
Correlation (SPY)41.9%63.3%
WSC Betas & Captures as of 1/31/2026

 1M2M3M6M1Y3Y
Beta1.812.062.241.791.721.50
Up Beta1.101.333.072.521.681.48
Down Beta1.892.011.981.671.641.66
Up Capture233%215%190%102%159%126%
Bmk +ve Days11223471142430
Stock +ve Days8182653110364
Down Capture146%227%220%192%150%111%
Bmk -ve Days9192754109321
Stock -ve Days12233569137381

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WSC
WSC-40.8%52.3%-0.82-
Sector ETF (XLI)27.9%19.2%1.1568.6%
Equity (SPY)14.0%19.4%0.5563.5%
Gold (GLD)74.3%25.3%2.17-2.5%
Commodities (DBC)7.0%16.7%0.2420.6%
Real Estate (VNQ)7.9%16.6%0.2849.5%
Bitcoin (BTCUSD)-29.8%44.9%-0.6525.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WSC
WSC-4.1%39.0%0.00-
Sector ETF (XLI)15.9%17.2%0.7460.6%
Equity (SPY)13.3%17.0%0.6256.5%
Gold (GLD)22.1%17.0%1.064.2%
Commodities (DBC)10.5%18.9%0.4417.1%
Real Estate (VNQ)5.2%18.8%0.1844.8%
Bitcoin (BTCUSD)8.3%57.2%0.3720.2%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WSC
WSC8.6%39.6%0.34-
Sector ETF (XLI)15.3%19.8%0.6859.5%
Equity (SPY)15.6%17.9%0.7556.1%
Gold (GLD)15.3%15.6%0.821.1%
Commodities (DBC)8.1%17.6%0.3824.8%
Real Estate (VNQ)6.4%20.7%0.2749.6%
Bitcoin (BTCUSD)67.9%66.7%1.0715.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date1302026
Short Interest: Shares Quantity22.4 Mil
Short Interest: % Change Since 11520264.8%
Average Daily Volume1.7 Mil
Days-to-Cover Short Interest13.0 days
Basic Shares Quantity182.8 Mil
Short % of Basic Shares12.3%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/6/2025-6.5%-11.8%6.9%
7/31/2025-13.7%-15.9%-17.4%
5/1/20256.5%8.1%4.3%
2/20/2025-8.8%-15.0%-22.9%
10/30/2024-14.8%2.4%-1.6%
8/1/2024-10.8%-14.7%-3.2%
5/2/2024-0.7%7.9%4.7%
2/20/2024-3.1%-5.8%-6.8%
...
SUMMARY STATS   
# Positive8811
# Negative12129
Median Positive5.4%9.3%6.9%
Median Negative-7.6%-9.4%-10.6%
Max Positive9.2%12.8%16.8%
Max Negative-14.8%-16.5%-40.1%

SEC Filings

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Report DateFiling DateFiling
09/30/202511/06/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/20/202510-K
09/30/202410/30/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/20/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202304/27/202310-Q
12/31/202202/22/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202204/28/202210-Q
12/31/202102/25/202210-K

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lopez, Hezron TEVP, CLO, CCO & ESGDirectSell820202524.6322,000541,8601,330,956Form
2Soultz, Bradley LeeChief Executive OfficerBradley L. Soultz Irrevocable TrustBuy806202524.852,00049,70010,396,644Form
3Soultz, Bradley LeeChief Executive OfficerDirectBuy806202525.353,00076,0503,214,811Form
4Zarcone, Dominick P DirectBuy618202526.1910,000261,876402,870Form
5Soultz, Bradley LeeChief Executive OfficerDirectBuy507202526.7910,000267,9003,451,007Form