Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $427M | $446M | $751M | $1.06B | $1.27B | $1.67B | $2.14B | $2.36B | $2.40B | $2.28B |
| Revenue growth | — | 4.5% | 68.5% | 41.6% | 19.7% | 31.4% | 28.1% | 10.4% | 1.3% | -4.8% |
| Gross profit | $168M | $166M | $289M | $413M | $608M | $845M | $1.14B | $1.33B | $1.30B | $1.16B |
| Gross margin | 39.4% | 37.1% | 38.5% | 38.9% | 47.8% | 50.5% | 53.0% | 56.4% | 54.3% | 51.0% |
| Operating income | -$3.19M | -$58.3M | $6.26M | $118M | $162M | $300M | $511M | $673M | $264M | $181M |
| Operating margin | -0.7% | -13.1% | 0.8% | 11.0% | 12.7% | 18.0% | 23.9% | 28.5% | 11.0% | 8.0% |
| Net income | -$30.9M | -$148M | -$49.0M | -$11.1M | $74.0M | $160M | $340M | $476M | $28.1M | -$53.0M |
| Net margin | -7.3% | -33.1% | -6.5% | -1.0% | 5.8% | 9.6% | 15.8% | 20.1% | 1.2% | -2.3% |
| EPS (diluted) | $0.01 | -$7.47 | -$0.59 | -$1.11 | $0.25 | $0.69 | $1.53 | $2.36 | $0.15 | -$0.29 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $58.7M | -$1.36M | $37.1M | $173M | $305M | $540M | $745M | $761M | $562M | $762M |
| Capital expenditures | $2.36M | $4.45M | $4.62M | $8.34M | $16.5M | $30.5M | $43.7M | $22.2M | $18.4M | $24.3M |
| Free cash flow | $56.4M | -$5.81M | $32.5M | $164M | $288M | $509M | $701M | $739M | $543M | $738M |
| Dividends paid | — | — | — | — | — | — | — | $0.00 | $0.00 | $51.1M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.16M | $9.19M | $8.96M | $3.04M | $24.9M | $6.39M | $7.39M | $11.0M | $9.00M | $14.6M |
| Total assets | $1.70B | $1.41B | $2.75B | $2.90B | $5.57B | $5.77B | $5.83B | $6.14B | $6.03B | $5.82B |
| Total liabilities | $1.68B | $926M | $2.05B | $2.19B | $3.51B | $3.78B | $4.26B | $4.88B | $5.02B | $4.96B |
| Shareholders' equity | $23.1M | $436M | $638M | $644M | $2.06B | $2.00B | $1.57B | $1.26B | $1.02B | $856M |
| Retained earnings | -$1.49B | -$1.64B | -$1.68B | -$1.69B | -$1.75B | -$1.59B | -$1.25B | -$775M | -$747M | -$800M |
| Shares (wtd avg diluted) | 62.5M | — | 87.2M | 109M | 177M | 233M | 221M | 202M | 190M | 182M |
Every figure is extracted from WillScot Holdings Corp’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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