WillScot Holdings (WSC) Operating Margin (2016 - 2026)
WillScot Holdings (WSC) posted quarterly Operating Margin of 17.62% for Q1 2026, down 373.0% year-over-year from 6.45% in Q1 2025, and up 154.29% quarter-over-quarter from 32.46% in Q4 2025.
WillScot Holdings (WSC) Operating Margin (2016 - 2026) Analysis & Trends
WillScot Holdings (WSC) has reported Operating Margin for 11 consecutive years, with 17.62% the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Margin fell 373.0% year-over-year to 17.62%; the TTM figure through Mar 2026 stood at 6.99% (down 371.0% YoY), while the FY2025 annual figure was 7.95%, down 306.0% from the prior year.
- Operating Margin climbed to 17.62% in Q1 2026 per WSC's latest filing, from 32.46% in the prior quarter.
- Across five years, Operating Margin topped out at 29.45% in Q3 2023 and bottomed at 32.46% in Q4 2025.
- Historically, Operating Margin has averaged 17.71% across 5 years, with a median of 21.82% in 2022.
- Annual changes were most pronounced in 2022 — Operating Margin sank 180225 bps — and 2025, when it jumped 2682 bps.
- WillScot Holdings' Operating Margin stood at 28.99% in 2022, then decreased by 0 bps to 28.93% in 2023, then grew by 0 bps to 28.95% in 2024, then sank by 212 bps to 32.46% in 2025, then surged by 154 bps to 17.62% in 2026.
- Business Quant data shows WSC's Operating Margin at 17.62% in Q1 2026, 32.46% in Q4 2025, and 20.96% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 33.68 Bn | 33.65 Bn | 978.00 Mn | 14.89% |
| 2 | AerCap Holdings | 23.42 Bn | 23.42 Bn | 2.02 Bn | 29.92% |
| 3 | U-Haul Holding | 14.44 Bn | 14.44 Bn | - | - |
| 4 | Ryder System | 10.06 Bn | 10.06 Bn | 1.45 Bn | -51.12% |
| 5 | Gatx | 6.34 Bn | 6.34 Bn | 555.30 Mn | 23.38% |
| 6 | Herc Holdings | 5.76 Bn | 5.72 Bn | 713.00 Mn | 46.10% |
| 7 | Avis Budget | 5.05 Bn | 4.49 Bn | - | - |
| 8 | WillScot Holdings | 4.20 Bn | 4.18 Bn | 306.26 Mn | 19.19% |
| 9 | Mcgrath Rentcorp | 2.96 Bn | 2.96 Bn | 107.91 Mn | 24.10% |
| 10 | Custom Truck One Source | 2.41 Bn | 2.40 Bn | 123.97 Mn | 8.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 19.19% |
| Mar 31, 2026 | 17.62% |
| Dec 31, 2025 | -32.46% |
| Sep 30, 2025 | 20.96% |
| Jun 30, 2025 | 21.54% |
| Mar 31, 2025 | 21.34% |
| Dec 31, 2024 | 28.95% |
| Sep 30, 2024 | -5.86% |
| Jun 30, 2024 | -0.87% |
| Mar 31, 2024 | 22.13% |
| Dec 31, 2023 | 28.93% |
| Sep 30, 2023 | 29.45% |
| Jun 30, 2023 | 28.61% |
| Mar 31, 2023 | 26.82% |
| Dec 31, 2022 | 28.99% |
| Sep 30, 2022 | 24.99% |
| Jun 30, 2022 | 21.82% |
| Mar 31, 2022 | 18.11% |
| Dec 31, 2021 | 15.70% |
| Sep 30, 2021 | 1,827.24% |