0001647088-26-000011
SEC filingWillScot Holdings Corporation reported total revenues of $2.28 billion for fiscal year 2025, with leasing revenue contributing $1.75 billion and other revenues at $532.4 million. The company achieved a gross profit of $1.16 billion but recorded a net loss of $53.0 million, primarily due to significant restructuring costs of $302.2 million and interest expense of $231.5 million. Operating income was $181.5 million. The company generated strong operating cash flow of $762.0 million, which supported capital investments of $317.7 million in rental equipment and acquisitions of $144.7 million. The balance sheet shows total assets of $5.82 billion, with rental equipment net of $3.09 billion representing the largest asset component. Total liabilities were $4.96 billion, including long-term debt of $3.56 billion, resulting in shareholders' equity of $856.3 million. The company paid dividends of $51.1 million and repurchased $99.9 million of common stock during the year.
WillScot Holdings Corporation reported total revenues of $2.28 billion for fiscal year 2025, consisting of $1.75 billion from leasing operations and $532.4 million from other revenue sources. The company generated gross profit of $1.16 billion, representing a gross margin of 50.9%. However, operating income was significantly impacted by restructuring costs of $302.2 million, resulting in operating income of $181.5 million (8.0% operating margin). After interest expense of $231.5 million and other items, the company reported a net loss of $53.0 million. The company maintained strong operating cash flow generation of $762.0 million, which supported substantial capital investments and shareholder returns.
The company's revenue is primarily derived from leasing operations, which contributed $1.75 billion or approximately 77% of total revenues. Other revenue sources accounted for $532.4 million. The document does not provide segment breakdowns, geographic mix, or specific growth drivers beyond these broad categories. No year-over-year comparison data is provided in the source material to analyze revenue trends or growth rates.
The company achieved a gross margin of 50.9% on total revenues of $2.28 billion, with cost of sales of $412.3 million and depreciation of rental equipment of $334.0 million contributing to total costs of goods sold. Operating margin was 8.0%, significantly impacted by restructuring costs of $302.2 million. Selling, general and administrative expenses were $581.8 million, while other depreciation and amortization totaled $96.1 million. The company's profitability was further affected by net interest expense of $231.5 million and loss on extinguishment of debt of $5.4 million.
The company generated strong operating cash flow of $762.0 million, driven by net loss of $53.0 million adjusted for non-cash items including depreciation and amortization of $430.0 million and non-cash restructuring expense of $302.0 million. Investing activities used $417.5 million, primarily for acquisitions ($144.7 million) and purchase of rental equipment ($317.7 million). Financing activities used $340.5 million, including debt repayments of $1.33 billion partially offset by borrowings of $1.19 billion, dividend payments of $51.1 million, and stock repurchases of $99.9 million. Free cash flow (operating cash flow minus capital expenditures) was $344.5 million. The balance sheet shows total assets of $5.82 billion, with rental equipment net of $3.09 billion representing the largest component. Total liabilities were $4.96 billion, including long-term debt of $3.56 billion, resulting in shareholders' equity of $856.3 million.
The document does not contain management guidance, strategic priorities, or specific risk factors beyond the financial data presented. No forward-looking statements or outlook information is provided in the source material. The financial data indicates the company is investing significantly in rental equipment and acquisitions while maintaining substantial debt levels and returning capital to shareholders through dividends and share repurchases.