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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and Wingstop Inc. (WING). Click either name above to swap in a different company.
BJs RESTAURANTS INC is the larger business by last-quarter revenue ($330.2M vs $175.7M, roughly 1.9× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 15.2% vs 0.1%, a 15.1% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (8.6% vs 1.4%). Wingstop Inc. produced more free cash flow last quarter ($34.5M vs $3.6M). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (9.8% CAGR vs 1.0%).
BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.
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.
BJRI vs WING — Head-to-Head
Income Statement — Q3 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $330.2M | $175.7M |
| Net Profit | $465.0K | $26.8M |
| Gross Margin | 74.3% | — |
| Operating Margin | -0.3% | 26.7% |
| Net Margin | 0.1% | 15.2% |
| Revenue YoY | 1.4% | 8.6% |
| Net Profit YoY | 115.9% | 0.0% |
| EPS (diluted) | $0.02 | $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 | — | $175.7M | ||
| Q3 25 | $365.6M | $175.7M | ||
| Q2 25 | $348.0M | $174.3M | ||
| Q1 25 | — | $171.1M | ||
| Q4 24 | $325.7M | $161.8M | ||
| Q3 24 | $349.9M | $162.5M | ||
| Q2 24 | $337.3M | $155.7M | ||
| Q1 24 | $323.6M | $145.8M |
| Q4 25 | — | $26.8M | ||
| Q3 25 | $22.2M | $28.5M | ||
| Q2 25 | $13.5M | $26.8M | ||
| Q1 25 | — | $92.3M | ||
| Q4 24 | $-2.9M | $26.8M | ||
| Q3 24 | $17.2M | $25.7M | ||
| Q2 24 | $7.7M | $27.5M | ||
| Q1 24 | $8.1M | $28.7M |
| Q4 25 | — | — | ||
| Q3 25 | 75.2% | — | ||
| Q2 25 | 75.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 73.4% | 85.6% | ||
| Q3 24 | 74.3% | 85.0% | ||
| Q2 24 | 74.8% | 85.4% | ||
| Q1 24 | 74.5% | 85.4% |
| Q4 25 | — | 26.7% | ||
| Q3 25 | 5.8% | 27.9% | ||
| Q2 25 | 4.3% | 25.9% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | -0.8% | 25.9% | ||
| Q3 24 | 3.8% | 24.5% | ||
| Q2 24 | 2.4% | 26.5% | ||
| Q1 24 | 1.0% | 29.3% |
| Q4 25 | — | 15.2% | ||
| Q3 25 | 6.1% | 16.2% | ||
| Q2 25 | 3.9% | 15.4% | ||
| Q1 25 | — | 53.9% | ||
| Q4 24 | -0.9% | 16.5% | ||
| Q3 24 | 4.9% | 15.8% | ||
| Q2 24 | 2.3% | 17.7% | ||
| Q1 24 | 2.5% | 19.7% |
| Q4 25 | — | $0.99 | ||
| Q3 25 | $0.97 | $1.02 | ||
| Q2 25 | $0.58 | $0.96 | ||
| Q1 25 | — | $3.24 | ||
| Q4 24 | $-0.13 | $0.91 | ||
| Q3 24 | $0.72 | $0.88 | ||
| Q2 24 | $0.32 | $0.93 | ||
| Q1 24 | $0.33 | $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 | $25.4M | $196.6M |
| Total DebtLower is stronger | $89.5M | $1.2B |
| Stockholders' EquityBook value | $356.2M | $-736.8M |
| Total Assets | $1.0B | $693.4M |
| Debt / EquityLower = less leverage | 0.25× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $196.6M | ||
| Q3 25 | $26.0M | $237.6M | ||
| Q2 25 | $19.0M | $227.9M | ||
| Q1 25 | — | $251.4M | ||
| Q4 24 | $18.4M | $315.9M | ||
| Q3 24 | $16.2M | $84.0M | ||
| Q2 24 | $18.8M | $96.7M | ||
| Q1 24 | $29.1M | $108.3M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $60.5M | — | ||
| Q2 25 | $85.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $66.5M | $1.2B | ||
| Q3 24 | $63.5M | — | ||
| Q2 24 | $58.0M | — | ||
| Q1 24 | $68.0M | — |
| Q4 25 | — | $-736.8M | ||
| Q3 25 | $386.6M | $-702.6M | ||
| Q2 25 | $371.5M | $-686.0M | ||
| Q1 25 | — | $-715.0M | ||
| Q4 24 | $376.2M | $-675.6M | ||
| Q3 24 | $386.5M | $-447.5M | ||
| Q2 24 | $375.4M | $-437.5M | ||
| Q1 24 | $365.8M | $-434.4M |
| Q4 25 | — | $693.4M | ||
| Q3 25 | $1.0B | $721.0M | ||
| Q2 25 | $1.0B | $708.3M | ||
| Q1 25 | — | $696.8M | ||
| Q4 24 | $1.0B | $716.2M | ||
| Q3 24 | $1.0B | $484.8M | ||
| Q2 24 | $1.0B | $451.8M | ||
| Q1 24 | $1.1B | $412.3M |
| Q4 25 | — | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | 0.19× | — |
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 | $25.1M | $57.3M |
| Free Cash FlowOCF − Capex | $3.6M | $34.5M |
| FCF MarginFCF / Revenue | 1.1% | 19.6% |
| Capex IntensityCapex / Revenue | 6.5% | 13.0% |
| Cash ConversionOCF / Net Profit | 53.89× | 2.14× |
| TTM Free Cash FlowTrailing 4 quarters | $49.2M | $105.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $57.3M | ||
| Q3 25 | $62.3M | $63.9M | ||
| Q2 25 | $4.6M | $6.6M | ||
| Q1 25 | — | $25.3M | ||
| Q4 24 | $27.3M | $7.7M | ||
| Q3 24 | $20.2M | $69.0M | ||
| Q2 24 | $22.3M | $36.2M | ||
| Q1 24 | $32.2M | $44.7M |
| Q4 25 | — | $34.5M | ||
| Q3 25 | $41.9M | $61.7M | ||
| Q2 25 | $-12.1M | $-7.8M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | $7.6M | $-8.6M | ||
| Q3 24 | $735.0K | $54.9M | ||
| Q2 24 | $448.0K | $25.9M | ||
| Q1 24 | $15.3M | $33.5M |
| Q4 25 | — | 19.6% | ||
| Q3 25 | 11.5% | 35.1% | ||
| Q2 25 | -3.5% | -4.5% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | 2.3% | -5.3% | ||
| Q3 24 | 0.2% | 33.8% | ||
| Q2 24 | 0.1% | 16.6% | ||
| Q1 24 | 4.7% | 23.0% |
| Q4 25 | — | 13.0% | ||
| Q3 25 | 5.6% | 1.3% | ||
| Q2 25 | 4.8% | 8.2% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | 6.0% | 10.1% | ||
| Q3 24 | 5.6% | 8.7% | ||
| Q2 24 | 6.5% | 6.6% | ||
| Q1 24 | 5.2% | 7.7% |
| Q4 25 | — | 2.14× | ||
| Q3 25 | 2.80× | 2.24× | ||
| Q2 25 | 0.34× | 0.25× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | 1.18× | 2.68× | ||
| Q2 24 | 2.89× | 1.32× | ||
| Q1 24 | 4.00× | 1.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BJRI
Segment breakdown not available.
WING
| Royalty | $73.7M | 42% |
| Advertising | $61.4M | 35% |
| Franchisor Owned Outlet | $32.4M | 18% |
| Other | $6.4M | 4% |
| Franchise | $1.8M | 1% |
