HNI vs WillScot
HNI reported revenue of $2.8 billion in fiscal 2025, 1.2 times WillScot's $2.3 billion in fiscal 2025. HNI's revenue grew 12.4% in its latest year, and WillScot's fell 4.8%. HNI had an operating margin of 4.4%, against 8.0% at WillScot. Free cash flow was $208 million at HNI and $738 million at WillScot. Their fiscal years end in different months (January 3 and December 31), so the periods don't line up exactly.
Side by side
| HNI | WillScot | |
|---|---|---|
| Latest fiscal year | FY2025, Jan 3, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $2.8B | $2.3B |
| Revenue growth | 12.4% | −4.8% |
| Revenue growth a year, last 5 years | 7.7% | 12.4% |
| Gross margin | 41.4% | 51.0% |
| Operating margin | 4.4% | 8.0% |
| Net margin | 1.9% | −2.3% |
| Free cash flow | $208M | $738M |
| Free cash flow margin | 7.3% | 32.3% |
| Return on capital | 3.7% | 3.1% |
| Net debt to EBITDA | 4.7x | 12.9x |
| Dividends and buybacks | $147M | $151M |
| Change in diluted share count | 0.8% | −4.2% |
| Last close | $47.26 | $18.86 |
| P/E at the last close | 157.5× | — |
| Insider trades, last 12 months | sold $4.8 million | sold $4.2 million |
| Piotroski F-score | 6 of 9 | 4 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
HNIWillScot
Operating margin
Percent of revenue
HNIWillScot
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
HNIWillScot