WillScot Holdings Debt-to-EBITDA Ratio Growth & History (WSC)
WillScot Holdings's debt-to-ebitda ratio was 14.06 for fiscal 2025.
View full WillScot Holdings company overviewWillScot Holdings annual debt-to-ebitda ratio history
| Fiscal year | Period ended | Debt-to-EBITDA ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 14.06 | 2.59 | +22.61% |
| 2024 | 2024-12-31 | 11.46 | 6.37 | +125.04% |
| 2023 | 2023-12-31 | 5.09 | −0.65 | −11.31% |
| 2022 | 2022-12-31 | 5.74 | 0.99 | +20.71% |
| 2021 | 2021-12-31 | 4.76 | −1.90 | −28.57% |
| 2020 | 2020-12-31 | 6.66 | 0.82 | +13.99% |
| 2019 | 2019-12-31 | 5.84 | −6.05 | −50.85% |
| 2018 | 2018-12-31 | 11.89 | −15.40 | −56.42% |
| 2017 | 2017-12-31 | 27.29 | 18.50 | +210.41% |
| 2016 | 2016-12-31 | 8.79 | — | — |
WillScot Holdings quarterly debt-to-ebitda ratio
| Fiscal quarter | Period ended | Debt-to-EBITDA ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 15.51 | 7.25 | +87.81% |
| Q1 2026 | 2026-03-31 | 14.95 | 3.58 | +31.52% |
| Q4 2025 | 2025-12-31 | 14.06 | 2.59 | +22.61% |
| Q3 2025 | 2025-09-30 | 6.16 | −5.07 | −45.15% |
| Q2 2025 | 2025-06-30 | 8.26 | 1.52 | +22.57% |
| Q1 2025 | 2025-03-31 | 11.36 | 6.20 | +120.16% |
| Q4 2024 | 2024-12-31 | 11.46 | 6.37 | +125.04% |
| Q3 2024 | 2024-09-30 | 11.23 | 4.17 | +59.08% |
| Q2 2024 | 2024-06-30 | 6.74 | 0.90 | +15.40% |
| Q1 2024 | 2024-03-31 | 5.16 | −0.21 | −3.90% |
| Q4 2023 | 2023-12-31 | 5.09 | −0.65 | −11.31% |
| Q3 2023 | 2023-09-30 | 7.06 | 2.80 | +65.59% |
| Q2 2023 | 2023-06-30 | 5.84 | 0.99 | +20.39% |
| Q1 2023 | 2023-03-31 | 5.37 | 0.53 | +10.90% |
| Q4 2022 | 2022-12-31 | 5.74 | 0.99 | +20.71% |
| Q3 2022 | 2022-09-30 | 4.26 | −0.41 | −8.75% |
| Q2 2022 | 2022-06-30 | 4.85 | −0.20 | −3.95% |
| Q1 2022 | 2022-03-31 | 4.84 | −0.77 | −13.78% |
| Q4 2021 | 2021-12-31 | 4.76 | −1.90 | −28.57% |
| Q3 2021 | 2021-09-30 | 4.67 | −3.20 | −40.65% |
| Q2 2021 | 2021-06-30 | 5.05 | −2.18 | −30.20% |
| Q1 2021 | 2021-03-31 | 5.62 | — | — |
| Q4 2020 | 2020-12-31 | 6.66 | 0.82 | +13.99% |
| Q3 2020 | 2020-09-30 | 7.87 | 1.18 | +17.57% |
| Q2 2020 | 2020-06-30 | 7.23 | −0.62 | −7.84% |
| Q4 2019 | 2019-12-31 | 5.84 | −6.05 | −50.85% |
| Q3 2019 | 2019-09-30 | 6.69 | −31.25 | −82.36% |
| Q2 2019 | 2019-06-30 | 7.85 | −14.73 | −65.25% |
| Q1 2019 | 2019-03-31 | 9.73 | −12.24 | −55.70% |
| Q4 2018 | 2018-12-31 | 11.89 | −15.40 | −56.42% |
| Q3 2018 | 2018-09-30 | 37.95 | — | — |
| Q2 2018 | 2018-06-30 | 22.58 | — | — |
| Q1 2018 | 2018-03-31 | 21.97 | — | — |
| Q4 2017 | 2017-12-31 | 27.29 | — | — |
WillScot Holdings debt-to-ebitda ratio trends
Over the last five fiscal years, WillScot Holdings's debt-to-ebitda ratio increased from 6.66 to 14.06, a change of 7.40. The latest reported quarter, Q2 2026, shows 15.51.
What the debt-to-EBITDA ratio means
Debt-to-EBITDA compares interest-bearing debt with operating earnings before interest, taxes, depreciation, and amortization. It is commonly used to assess leverage, but it is generally unsuitable for banks and other financial companies.
How debt-to-EBITDA is calculated
TickerStat divides period-end total debt by annual EBITDA. Quarterly observations use trailing-12-month EBITDA. Periods with zero or negative EBITDA are excluded because the leverage multiple would not be meaningful. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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