Willscot Mobile Mini Holdings Corp A (WSC)
Net profit margin
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 14,944 | 28,129 | 25,242 | 187,233 | 321,813 | 341,844 | 341,916 | 336,128 | 321,775 | 296,675 | 284,498 | 259,873 | 206,868 | 160,144 | 132,389 | 87,538 | 78,657 | 70,666 | 33,801 | 18,038 |
| Revenue (ttm) | US$ in thousands | 2,368,088 | 2,395,718 | 2,405,579 | 2,408,981 | 2,386,480 | 2,364,767 | 2,342,945 | 2,342,284 | 2,341,837 | 2,285,263 | 2,212,629 | 2,099,008 | 1,978,468 | 1,894,897 | 1,814,624 | 1,741,387 | 1,537,147 | 1,367,645 | 1,200,190 | 1,055,215 |
| Net profit margin | 0.63% | 1.17% | 1.05% | 7.77% | 13.48% | 14.46% | 14.59% | 14.35% | 13.74% | 12.98% | 12.86% | 12.38% | 10.46% | 8.45% | 7.30% | 5.03% | 5.12% | 5.17% | 2.82% | 1.71% |
March 31, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $14,944K ÷ $2,368,088K
= 0.63%
The net profit margin of Willscot Mobile Mini Holdings Corp A has demonstrated significant fluctuation over the period from June 30, 2020, through March 31, 2025. Early in the period, the margin started at approximately 1.71% on June 30, 2020, reflecting limited profitability. The margin increased gradually, reaching 2.82% by September 30, 2020, and continued to improve markedly throughout 2020 and 2021, culminating in a peak of 13.74% on March 31, 2023.
Throughout 2022, the net profit margin maintained a generally upward trend, ranging from 12.38% at the end of June to nearly 12.98% at year's end. In the first quarter of 2023, the margin continued its upward trajectory, reaching approximately 14.46%, indicating enhanced profitability and operational efficiency.
However, starting in mid-2023 and extending into 2024, the net profit margin experienced a notable decline. By June 30, 2023, it had decreased to 7.77%, followed by a sharp decline in subsequent quarters, dropping to 1.05% as of September 30, 2024. The subsequent quarters saw further declines, with margins reaching as low as 0.63% on March 31, 2025.
Overall, the company exhibited a strong growth in net profit margin from mid-2020 through early 2023, reflecting improved profitability or effective cost management during this period. The subsequent decline suggests potential challenges, possibly due to operational, market, or external economic factors impacting profitability in the later months and early quarters of 2024.