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WillScot Holdings Corporation WSC VAPS service — Total revenues

Other product segments

Modular space leasing revenue
$243.76M-0.9%
Delivery and installation revenue
$99.52M
VAPS and third party leasing revenues
$97.14M+0.8%
Portable storage leasing revenue
$72.52M-5.9%
Rental units
$14.59M+3.7%
Other leasing-related revenue
$12.1M-20.1%
New units
$8.99M-59.9%

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Other financials

Income statement

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Revenue$548.6M-2.0%
Gross profit$285.7M-4.9%
Operating income$96.7M-19.1%
Net income$28.1M-34.7%
EPS (diluted)$0.15-34.8%

Balance sheet

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Cash & equivalents$15.5M+45.5%
Total debt$4.0B-1.1%
Total equity$870.5M-13.9%
Total assets$5.8B-2.5%

Cash flow

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Operating cash flow$191.1M-7.5%
CapEx$3.6M-21.7%
Free cash flow$187.4M-7.2%

Valuation

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Market cap$5.22B-38.5%
Enterprise value$9.19B-22.1%
P/S2.3×-1.3×

Profitability

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Gross margin50.6%-3.7pp
Operating margin23.3%+12.2pp
Net margin-3%-3.6pp
FCF margin31.8%+8.7pp

Returns & leverage

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Return on equity-7.2%-8.5pp
Debt / equity4.6×+0.6×
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:Revenues.

The official record: WillScot Holdings Corporation’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is WillScot Holdings Corporation's VAPS service — total revenues?
WillScot Holdings Corporation (WSC) reported VAPS service — total revenues of $10.2M in Q1 2026.
How has WillScot Holdings Corporation's VAPS service — total revenues changed year-over-year?
WillScot Holdings Corporation's VAPS service — total revenues increased by 10.9% year-over-year, from $9.2M to $10.2M.
What is the long-term trend for WillScot Holdings Corporation's VAPS service — total revenues?
Over 3 years (2022 to 2025), WillScot Holdings Corporation's VAPS service — total revenues has grown at a 15.1% compound annual growth rate (CAGR), from $25.3M to $38.6M.
What does VAPS service — total revenues mean?
This metric represents the total revenue generated from Value-Added Products and Services (VAPS) associated with modular space and portable storage units. These offerings typically include ancillary equipment, furniture rentals, damage waivers, and other specialized services that enhance the core rental utility for customers. Tracking this revenue stream provides insight into the company's ability to cross-sell high-margin solutions and deepen customer relationships beyond basic unit leasing.