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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and Wingstop Inc. (WING). Click either name above to swap in a different company.

Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $104.4M, roughly 1.8× AMPCO PITTSBURGH CORP). Wingstop Inc. runs the higher net margin — 16.3% vs -55.2%, a 71.5% gap on every dollar of revenue. On growth, AMPCO PITTSBURGH CORP posted the faster year-over-year revenue change (11.5% vs 7.4%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs -2.6%).

Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

AP vs WING — Head-to-Head

Bigger by revenue
WING
WING
1.8× larger
WING
$183.7M
$104.4M
AP
Growing faster (revenue YoY)
AP
AP
+4.1% gap
AP
11.5%
7.4%
WING
Higher net margin
WING
WING
71.5% more per $
WING
16.3%
-55.2%
AP
Faster 2-yr revenue CAGR
WING
WING
Annualised
WING
8.6%
-2.6%
AP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AP
AP
WING
WING
Revenue
$104.4M
$183.7M
Net Profit
$-57.7M
$29.9M
Gross Margin
86.5%
Operating Margin
-54.0%
27.4%
Net Margin
-55.2%
16.3%
Revenue YoY
11.5%
7.4%
Net Profit YoY
-1958.9%
EPS (diluted)
$-2.87
$1.08

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AP
AP
WING
WING
Q1 26
$183.7M
Q4 25
$104.4M
$175.7M
Q3 25
$103.7M
$175.7M
Q2 25
$108.9M
$174.3M
Q1 25
$99.2M
$171.1M
Q4 24
$93.6M
$161.8M
Q3 24
$92.1M
$162.5M
Q2 24
$107.1M
$155.7M
Net Profit
AP
AP
WING
WING
Q1 26
$29.9M
Q4 25
$-57.7M
$26.8M
Q3 25
$-2.2M
$28.5M
Q2 25
$-7.3M
$26.8M
Q1 25
$1.1M
$92.3M
Q4 24
$3.1M
$26.8M
Q3 24
$-2.0M
$25.7M
Q2 24
$2.0M
$27.5M
Gross Margin
AP
AP
WING
WING
Q1 26
86.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
85.6%
Q3 24
85.0%
Q2 24
85.4%
Operating Margin
AP
AP
WING
WING
Q1 26
27.4%
Q4 25
-54.0%
26.7%
Q3 25
1.1%
27.9%
Q2 25
-2.8%
25.9%
Q1 25
3.9%
22.4%
Q4 24
5.5%
25.9%
Q3 24
2.0%
24.5%
Q2 24
4.7%
26.5%
Net Margin
AP
AP
WING
WING
Q1 26
16.3%
Q4 25
-55.2%
15.2%
Q3 25
-2.1%
16.2%
Q2 25
-6.7%
15.4%
Q1 25
1.2%
53.9%
Q4 24
3.3%
16.5%
Q3 24
-2.1%
15.8%
Q2 24
1.9%
17.7%
EPS (diluted)
AP
AP
WING
WING
Q1 26
$1.08
Q4 25
$-2.87
$0.99
Q3 25
$-0.11
$1.02
Q2 25
$-0.36
$0.96
Q1 25
$0.06
$3.24
Q4 24
$0.16
$0.91
Q3 24
$-0.10
$0.88
Q2 24
$0.10
$0.93

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AP
AP
WING
WING
Cash + ST InvestmentsLiquidity on hand
$10.7M
$128.8M
Total DebtLower is stronger
$117.9M
Stockholders' EquityBook value
$32.6M
Total Assets
$495.4M
$648.9M
Debt / EquityLower = less leverage
3.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AP
AP
WING
WING
Q1 26
$128.8M
Q4 25
$10.7M
$196.6M
Q3 25
$15.0M
$237.6M
Q2 25
$9.9M
$227.9M
Q1 25
$7.1M
$251.4M
Q4 24
$15.4M
$315.9M
Q3 24
$11.8M
$84.0M
Q2 24
$7.9M
$96.7M
Total Debt
AP
AP
WING
WING
Q1 26
Q4 25
$117.9M
$1.2B
Q3 25
$119.0M
Q2 25
$115.9M
Q1 25
$115.0M
Q4 24
$116.4M
$1.2B
Q3 24
$116.0M
Q2 24
$119.4M
Stockholders' Equity
AP
AP
WING
WING
Q1 26
Q4 25
$32.6M
$-736.8M
Q3 25
$60.1M
$-702.6M
Q2 25
$62.7M
$-686.0M
Q1 25
$64.6M
$-715.0M
Q4 24
$58.9M
$-675.6M
Q3 24
$61.3M
$-447.5M
Q2 24
$58.0M
$-437.5M
Total Assets
AP
AP
WING
WING
Q1 26
$648.9M
Q4 25
$495.4M
$693.4M
Q3 25
$524.4M
$721.0M
Q2 25
$537.2M
$708.3M
Q1 25
$536.2M
$696.8M
Q4 24
$530.9M
$716.2M
Q3 24
$547.4M
$484.8M
Q2 24
$560.8M
$451.8M
Debt / Equity
AP
AP
WING
WING
Q1 26
Q4 25
3.61×
Q3 25
1.98×
Q2 25
1.85×
Q1 25
1.78×
Q4 24
1.98×
Q3 24
1.89×
Q2 24
2.06×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AP
AP
WING
WING
Operating Cash FlowLast quarter
$2.7M
Free Cash FlowOCF − Capex
$-64.0K
FCF MarginFCF / Revenue
-0.1%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AP
AP
WING
WING
Q1 26
Q4 25
$2.7M
$57.3M
Q3 25
$6.3M
$63.9M
Q2 25
$-2.3M
$6.6M
Q1 25
$-5.3M
$25.3M
Q4 24
$7.5M
$7.7M
Q3 24
$11.4M
$69.0M
Q2 24
$-5.3M
$36.2M
Free Cash Flow
AP
AP
WING
WING
Q1 26
Q4 25
$-64.0K
$34.5M
Q3 25
$3.3M
$61.7M
Q2 25
$-3.8M
$-7.8M
Q1 25
$-7.5M
$17.3M
Q4 24
$3.7M
$-8.6M
Q3 24
$8.4M
$54.9M
Q2 24
$-8.0M
$25.9M
FCF Margin
AP
AP
WING
WING
Q1 26
Q4 25
-0.1%
19.6%
Q3 25
3.2%
35.1%
Q2 25
-3.5%
-4.5%
Q1 25
-7.5%
10.1%
Q4 24
4.0%
-5.3%
Q3 24
9.1%
33.8%
Q2 24
-7.5%
16.6%
Capex Intensity
AP
AP
WING
WING
Q1 26
Q4 25
2.7%
13.0%
Q3 25
2.9%
1.3%
Q2 25
1.3%
8.2%
Q1 25
2.2%
4.7%
Q4 24
4.0%
10.1%
Q3 24
3.2%
8.7%
Q2 24
2.5%
6.6%
Cash Conversion
AP
AP
WING
WING
Q1 26
Q4 25
2.14×
Q3 25
2.24×
Q2 25
0.25×
Q1 25
-4.62×
0.27×
Q4 24
2.40×
0.29×
Q3 24
2.68×
Q2 24
-2.64×
1.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AP
AP

Forged And Cast Mill Rolls$67.0M64%
Air Handling Systems$14.3M14%
Heat Exchange Coils$13.1M13%
Centrifugal Pumps$10.3M10%
Forged Engineered Products$4.0M4%

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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