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WillScot Holdings Corporation WSC Installation revenue — Cost of Sales

Other product segments

New units
$9.05M-33.2%
Rental units
$6.17M-18.1%

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Other financials

Income statement

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Revenue$612.2M+3.9%
Gross profit$306.3M+3.4%
Operating income$117.5M-7.4%
Net income$47.0M-2.0%
EPS (diluted)$0.260.0%

Balance sheet

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Cash & equivalents$18.2M+41.4%
Total debt$4.0B-3.6%
Total equity$910.7M-12.0%
Total assets$5.9B-3.9%

Cash flow

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Operating cash flow$162.3M-21.0%
CapEx$4.7M-24.6%
Free cash flow$157.5M-20.9%

Valuation

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Market cap$4.67B+4.6%
Enterprise value$8.62B+0.6%
P/S+0.1×

Profitability

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Gross margin50.5%-2.8pp
Operating margin23.3%+12.2pp
Net margin-3%-7.7pp
FCF margin29.7%+5.2pp

Returns & leverage

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Return on equity-7.1%-16.9pp
Debt / equity4.4×+0.4×
Current ratio0.8×0.0×

Where this comes from

Reported directly by WillScot Holdings Corporation in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

The source filing: WillScot Holdings Corporation’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 5:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001647088-26-000056
(in thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Unit leasing and other rental-related88,59477,096165,574148,841
VAPS and third-party leasing19,51918,24238,56634,567
Delivery52,00845,08193,06385,636
Installation58,31243,073100,50076,314
Costs of sales:
New units9,04913,55215,26728,750
Rental units6,1657,52514,86815,694
Employee SG&A expense(b)72,70367,471144,412135,736

Item 1F. Financial Statements

FAQ

What is WillScot Holdings Corporation's installation revenue — cost of sales?
WillScot Holdings Corporation (WSC) reported installation revenue — cost of sales of $58.31M in Q2 2026.
How has WillScot Holdings Corporation's installation revenue — cost of sales changed year-over-year?
WillScot Holdings Corporation's installation revenue — cost of sales increased by 35.4% year-over-year, from $43.07M to $58.31M.
What is the long-term trend for WillScot Holdings Corporation's installation revenue — cost of sales?
Over 3 years (2022 to 2025), WillScot Holdings Corporation's installation revenue — cost of sales has grown at a 6.0% compound annual growth rate (CAGR), from $127.82M to $152.2M.
What does installation revenue — cost of sales mean?
This metric captures the direct costs incurred to perform the installation, assembly, and site preparation services for modular and storage equipment. It includes labor expenses, transportation costs, and materials required to make units operational at customer locations. Monitoring this metric helps assess the operational efficiency and margin profile of the company's service-based revenue streams.

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