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Side-by-side financial comparison of BANC OF CALIFORNIA, INC. (BANC) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.

BANC OF CALIFORNIA, INC. is the larger business by last-quarter revenue ($286.9M vs $207.0M, roughly 1.4× ONE Group Hospitality, Inc.). BANC OF CALIFORNIA, INC. runs the higher net margin — 25.1% vs -3.1%, a 28.2% gap on every dollar of revenue. On growth, BANC OF CALIFORNIA, INC. posted the faster year-over-year revenue change (7.9% vs -6.7%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs -23.7%).

Banc of California is an American bank with 80 branches in California, as well as locations in Denver, Colorado, and Durham, North Carolina. The bank is headquartered in Los Angeles, California, with about 2,000 employees nationwide including in New York and Chicago. Banc of California offers a broad range of loan and deposit products and services, focusing on providing banking and treasury management services to small-, middle-market, and venture-backed businesses.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

BANC vs STKS — Head-to-Head

Bigger by revenue
BANC
BANC
1.4× larger
BANC
$286.9M
$207.0M
STKS
Growing faster (revenue YoY)
BANC
BANC
+14.6% gap
BANC
7.9%
-6.7%
STKS
Higher net margin
BANC
BANC
28.2% more per $
BANC
25.1%
-3.1%
STKS
Faster 2-yr revenue CAGR
STKS
STKS
Annualised
STKS
56.1%
-23.7%
BANC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BANC
BANC
STKS
STKS
Revenue
$286.9M
$207.0M
Net Profit
$72.0M
$-6.4M
Gross Margin
Operating Margin
2.2%
Net Margin
25.1%
-3.1%
Revenue YoY
7.9%
-6.7%
Net Profit YoY
34.3%
-531.8%
EPS (diluted)
$0.39
$-0.50

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
BANC
BANC
STKS
STKS
Q1 26
$286.9M
Q4 25
$458.5M
$207.0M
Q3 25
$466.8M
$180.2M
Q2 25
$453.1M
$207.4M
Q1 25
$440.3M
$211.1M
Q4 24
$453.5M
$221.9M
Q3 24
$431.4M
$194.0M
Q2 24
$492.4M
$172.5M
Net Profit
BANC
BANC
STKS
STKS
Q1 26
$72.0M
Q4 25
$77.4M
$-6.4M
Q3 25
$69.6M
$-76.7M
Q2 25
$28.4M
$-10.1M
Q1 25
$53.6M
$975.0K
Q4 24
$56.9M
$1.5M
Q3 24
$8.8M
$-9.3M
Q2 24
$30.3M
$-7.3M
Operating Margin
BANC
BANC
STKS
STKS
Q1 26
Q4 25
21.8%
2.2%
Q3 25
19.8%
-4.4%
Q2 25
10.6%
0.3%
Q1 25
16.6%
5.1%
Q4 24
15.5%
5.5%
Q3 24
2.7%
-1.9%
Q2 24
9.1%
0.6%
Net Margin
BANC
BANC
STKS
STKS
Q1 26
25.1%
Q4 25
16.9%
-3.1%
Q3 25
14.9%
-42.6%
Q2 25
6.3%
-4.9%
Q1 25
12.2%
0.5%
Q4 24
12.6%
0.7%
Q3 24
2.0%
-4.8%
Q2 24
6.2%
-4.3%
EPS (diluted)
BANC
BANC
STKS
STKS
Q1 26
$0.39
Q4 25
$0.41
$-0.50
Q3 25
$0.38
$-2.75
Q2 25
$0.12
$-0.59
Q1 25
$0.26
$-0.21
Q4 24
$0.29
$-0.18
Q3 24
$-0.01
$-0.53
Q2 24
$0.12
$-0.38

Balance Sheet & Financial Strength

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

Metric
BANC
BANC
STKS
STKS
Cash + ST InvestmentsLiquidity on hand
$2.2B
$4.2M
Total DebtLower is stronger
$354.2M
Stockholders' EquityBook value
$3.6B
$-75.8M
Total Assets
$34.7B
$884.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BANC
BANC
STKS
STKS
Q1 26
$2.2B
Q4 25
$4.2M
Q3 25
$5.5M
Q2 25
$4.7M
Q1 25
$21.4M
Q4 24
$27.6M
Q3 24
$28.2M
Q2 24
$32.2M
Total Debt
BANC
BANC
STKS
STKS
Q1 26
Q4 25
$2.1B
$354.2M
Q3 25
$2.0B
$355.0M
Q2 25
$1.9B
$347.4M
Q1 25
$1.7B
$348.3M
Q4 24
$1.4B
$348.3M
Q3 24
$1.6B
$349.1M
Q2 24
$1.4B
$350.0M
Stockholders' Equity
BANC
BANC
STKS
STKS
Q1 26
$3.6B
Q4 25
$3.5B
$-75.8M
Q3 25
$3.5B
$-61.5M
Q2 25
$3.4B
$23.0M
Q1 25
$3.5B
$40.5M
Q4 24
$3.5B
$45.9M
Q3 24
$3.5B
$51.4M
Q2 24
$3.4B
$68.1M
Total Assets
BANC
BANC
STKS
STKS
Q1 26
$34.7B
Q4 25
$34.8B
$884.2M
Q3 25
$34.0B
$879.5M
Q2 25
$34.3B
$935.7M
Q1 25
$33.8B
$956.0M
Q4 24
$33.5B
$960.1M
Q3 24
$33.4B
$953.5M
Q2 24
$35.2B
$945.9M
Debt / Equity
BANC
BANC
STKS
STKS
Q1 26
Q4 25
0.58×
Q3 25
0.58×
Q2 25
0.56×
15.07×
Q1 25
0.47×
8.61×
Q4 24
0.40×
7.59×
Q3 24
0.46×
6.79×
Q2 24
0.42×
5.14×

Cash Flow & Capital Efficiency

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

Metric
BANC
BANC
STKS
STKS
Operating Cash FlowLast quarter
$13.1M
Free Cash FlowOCF − Capex
$-329.0K
FCF MarginFCF / Revenue
-0.2%
Capex IntensityCapex / Revenue
6.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-27.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BANC
BANC
STKS
STKS
Q1 26
Q4 25
$255.6M
$13.1M
Q3 25
$75.7M
$5.9M
Q2 25
$62.7M
$2.8M
Q1 25
$15.1M
$8.5M
Q4 24
$77.4M
$18.5M
Q3 24
$46.9M
$19.1M
Q2 24
$39.1M
$-3.8M
Free Cash Flow
BANC
BANC
STKS
STKS
Q1 26
Q4 25
$234.8M
$-329.0K
Q3 25
$75.5M
$-6.1M
Q2 25
$61.4M
$-15.0M
Q1 25
$13.6M
$-5.8M
Q4 24
$64.3M
$733.0K
Q3 24
$44.6M
$287.0K
Q2 24
$34.4M
$-23.0M
FCF Margin
BANC
BANC
STKS
STKS
Q1 26
Q4 25
51.2%
-0.2%
Q3 25
16.2%
-3.4%
Q2 25
13.6%
-7.2%
Q1 25
3.1%
-2.7%
Q4 24
14.2%
0.3%
Q3 24
10.3%
0.1%
Q2 24
7.0%
-13.3%
Capex Intensity
BANC
BANC
STKS
STKS
Q1 26
Q4 25
4.5%
6.5%
Q3 25
0.0%
6.7%
Q2 25
0.3%
8.6%
Q1 25
0.3%
6.8%
Q4 24
2.9%
8.0%
Q3 24
0.5%
9.7%
Q2 24
1.0%
11.1%
Cash Conversion
BANC
BANC
STKS
STKS
Q1 26
Q4 25
3.30×
Q3 25
1.09×
Q2 25
2.21×
Q1 25
0.28×
8.76×
Q4 24
1.36×
12.54×
Q3 24
5.34×
Q2 24
1.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BANC
BANC

Segment breakdown not available.

STKS
STKS

Benihanas$111.3M54%
Steakhouse Restaurant$59.2M29%
Grill Concepts$32.3M16%
Other$4.2M2%

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