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Side-by-side financial comparison of FLANIGANS ENTERPRISES INC (BDL) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Wingstop Inc. is the larger business by last-quarter revenue ($175.7M vs $52.6M, roughly 3.3× FLANIGANS ENTERPRISES INC). Wingstop Inc. runs the higher net margin — 15.2% vs 1.5%, a 13.7% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (8.6% vs 4.6%). Wingstop Inc. produced more free cash flow last quarter ($34.5M vs $4.5M). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (9.8% CAGR vs 4.6%).
Flanigans Enterprises Inc. is a U.S.-based hospitality company focused on the Florida market. It operates a chain of casual dining restaurants under the Flanigan's Seafood Bar and Grill brand, plus retail package liquor stores. Its key customer segments include local residents and regional tourists, offering affordably priced seafood, American comfort food and assorted beverages.
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.
BDL vs WING — Head-to-Head
Income Statement — Q1 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $52.6M | $175.7M |
| Net Profit | $805.0K | $26.8M |
| Gross Margin | — | — |
| Operating Margin | 3.2% | 26.7% |
| Net Margin | 1.5% | 15.2% |
| Revenue YoY | 4.6% | 8.6% |
| Net Profit YoY | 1363.6% | 0.0% |
| EPS (diluted) | $0.43 | $0.99 |
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.
| Q4 25 | $52.6M | $175.7M | ||
| Q3 25 | $50.0M | $175.7M | ||
| Q2 25 | $51.9M | $174.3M | ||
| Q1 25 | $53.4M | $171.1M | ||
| Q4 24 | $50.0M | $161.8M | ||
| Q3 24 | $45.4M | $162.5M | ||
| Q2 24 | $48.8M | $155.7M | ||
| Q1 24 | $48.1M | $145.8M |
| Q4 25 | $805.0K | $26.8M | ||
| Q3 25 | $896.0K | $28.5M | ||
| Q2 25 | $1.4M | $26.8M | ||
| Q1 25 | $2.7M | $92.3M | ||
| Q4 24 | $55.0K | $26.8M | ||
| Q3 24 | $184.0K | $25.7M | ||
| Q2 24 | $1.1M | $27.5M | ||
| Q1 24 | $1.9M | $28.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% | ||
| Q1 24 | — | 85.4% |
| Q4 25 | 3.2% | 26.7% | ||
| Q3 25 | 3.3% | 27.9% | ||
| Q2 25 | 5.5% | 25.9% | ||
| Q1 25 | 6.6% | 22.4% | ||
| Q4 24 | 1.5% | 25.9% | ||
| Q3 24 | 0.7% | 24.5% | ||
| Q2 24 | 4.4% | 26.5% | ||
| Q1 24 | 5.6% | 29.3% |
| Q4 25 | 1.5% | 15.2% | ||
| Q3 25 | 1.8% | 16.2% | ||
| Q2 25 | 2.7% | 15.4% | ||
| Q1 25 | 5.0% | 53.9% | ||
| Q4 24 | 0.1% | 16.5% | ||
| Q3 24 | 0.4% | 15.8% | ||
| Q2 24 | 2.3% | 17.7% | ||
| Q1 24 | 4.0% | 19.7% |
| Q4 25 | $0.43 | $0.99 | ||
| Q3 25 | $0.48 | $1.02 | ||
| Q2 25 | $0.75 | $0.96 | ||
| Q1 25 | $1.45 | $3.24 | ||
| Q4 24 | $0.03 | $0.91 | ||
| Q3 24 | $0.11 | $0.88 | ||
| Q2 24 | $0.60 | $0.93 | ||
| Q1 24 | $1.04 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $196.6M |
| Total DebtLower is stronger | — | $1.2B |
| Stockholders' EquityBook value | $66.0M | $-736.8M |
| Total Assets | $142.1M | $693.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $196.6M | ||
| Q3 25 | — | $237.6M | ||
| Q2 25 | $732.0K | $227.9M | ||
| Q1 25 | $244.0K | $251.4M | ||
| Q4 24 | — | $315.9M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | — | $96.7M | ||
| Q1 24 | — | $108.3M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $20.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $22.2M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $66.0M | $-736.8M | ||
| Q3 25 | $65.2M | $-702.6M | ||
| Q2 25 | $64.3M | $-686.0M | ||
| Q1 25 | $64.0M | $-715.0M | ||
| Q4 24 | $61.6M | $-675.6M | ||
| Q3 24 | $61.2M | $-447.5M | ||
| Q2 24 | $61.3M | $-437.5M | ||
| Q1 24 | $61.1M | $-434.4M |
| Q4 25 | $142.1M | $693.4M | ||
| Q3 25 | $140.6M | $721.0M | ||
| Q2 25 | $140.7M | $708.3M | ||
| Q1 25 | $143.3M | $696.8M | ||
| Q4 24 | $146.9M | $716.2M | ||
| Q3 24 | $142.1M | $484.8M | ||
| Q2 24 | $143.1M | $451.8M | ||
| Q1 24 | $144.4M | $412.3M |
| Q4 25 | — | — | ||
| Q3 25 | 0.32× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.9M | $57.3M |
| Free Cash FlowOCF − Capex | $4.5M | $34.5M |
| FCF MarginFCF / Revenue | 8.5% | 19.6% |
| Capex IntensityCapex / Revenue | 0.9% | 13.0% |
| Cash ConversionOCF / Net Profit | 6.14× | 2.14× |
| TTM Free Cash FlowTrailing 4 quarters | $2.2M | $105.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $57.3M | ||
| Q3 25 | $3.4M | $63.9M | ||
| Q2 25 | $1.4M | $6.6M | ||
| Q1 25 | $-2.0M | $25.3M | ||
| Q4 24 | $7.7M | $7.7M | ||
| Q3 24 | — | $69.0M | ||
| Q2 24 | $3.1M | $36.2M | ||
| Q1 24 | — | $44.7M |
| Q4 25 | $4.5M | $34.5M | ||
| Q3 25 | $2.4M | $61.7M | ||
| Q2 25 | $-1.8M | $-7.8M | ||
| Q1 25 | $-3.0M | $17.3M | ||
| Q4 24 | $7.0M | $-8.6M | ||
| Q3 24 | — | $54.9M | ||
| Q2 24 | $2.2M | $25.9M | ||
| Q1 24 | — | $33.5M |
| Q4 25 | 8.5% | 19.6% | ||
| Q3 25 | 4.9% | 35.1% | ||
| Q2 25 | -3.4% | -4.5% | ||
| Q1 25 | -5.5% | 10.1% | ||
| Q4 24 | 13.9% | -5.3% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | 4.5% | 16.6% | ||
| Q1 24 | — | 23.0% |
| Q4 25 | 0.9% | 13.0% | ||
| Q3 25 | 1.9% | 1.3% | ||
| Q2 25 | 6.1% | 8.2% | ||
| Q1 25 | 1.8% | 4.7% | ||
| Q4 24 | 1.5% | 10.1% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | 1.8% | 6.6% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | 6.14× | 2.14× | ||
| Q3 25 | 3.75× | 2.24× | ||
| Q2 25 | 1.02× | 0.25× | ||
| Q1 25 | -0.73× | 0.27× | ||
| Q4 24 | 140.02× | 0.29× | ||
| Q3 24 | — | 2.68× | ||
| Q2 24 | 2.75× | 1.32× | ||
| Q1 24 | — | 1.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDL
| Restaurant Food Sales | $30.9M | 59% |
| Package Store Sales | $13.3M | 25% |
| Restaurant Bar Sales | $7.9M | 15% |
WING
| Royalty | $73.7M | 42% |
| Advertising | $61.4M | 35% |
| Franchisor Owned Outlet | $32.4M | 18% |
| Other | $6.4M | 4% |
| Franchise | $1.8M | 1% |
