Forensic Analysis · Professional & Commercial Services · as of Nov 8, 2026

WillScot Holdings Corp (WSC)

A forensic read on WillScot Holdings Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Distress

Financial health

-0.1

Distress distance

Clean

Earnings quality

Forensic signals

-5.7%

ROE

-4.8%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

WillScot Holdings Corp earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -0.1, placing it in the Distress zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

2.7%

FY2025

Return on invested capital. Return on invested capital is 2.7% in the latest fiscal year and slipping across FY2023–FY2025 from 8.8%. After-tax operating profit was $491M in FY2023 and $143M in FY2025, with operating income at 28.5% of revenue in FY2023, 11.0% in FY2024 and 8.0% in FY2025. The capital base behind it went from $5.6B in FY2023 to $5.3B in FY2025 (-4%), while the revenue it carried went from $2.4B to $2.3B. FY2025's operating profit carried a $302M restructuring charge that alone took about 4.5 points off that year's return, so about 4.5 of the 6.1-point fall across FY2023–FY2025 is that charge landing in the latest year rather than the capital earning less. FY2024's operating profit carried a $133M asset write-down and a $9M restructuring charge that alone took about 2.0 points off that year's return; FY2024 sits between the two ends of FY2023–FY2025, so the charge shapes the path between them without moving the change across it. A non-cash write-down lowers the reported return in the year it lands.

Key fundamentals

Latest Revenue$2.28B

Revenue Growth YoY-4.8%

Revenue CAGR (2yr)-1.8%

Net Margin-2.3%

Free Cash Flow$737.7M

Return on Equity-5.7%

Debt / Equity4.19x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from WillScot Holdings Corp's actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.