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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and Twin Hospitality Group Inc. (TWNP). Click either name above to swap in a different company.
BillionToOne, Inc. is the larger business by last-quarter revenue ($83.5M vs $82.3M, roughly 1.0× Twin Hospitality Group Inc.). BillionToOne, Inc. runs the higher net margin — 6.8% vs -29.7%, a 36.6% gap on every dollar of revenue. BillionToOne, Inc. produced more free cash flow last quarter ($6.5M vs $-7.4M).
BillionToOne, Inc. is a life sciences and molecular diagnostics firm developing high-precision genetic testing solutions. Its core offerings include non-invasive prenatal tests, oncology diagnostics, and rare disease screening, serving clinical providers and patients mainly in North America.
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.
BLLN vs TWNP — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $83.5M | $82.3M |
| Net Profit | $5.7M | $-24.5M |
| Gross Margin | 69.9% | — |
| Operating Margin | 11.5% | -16.2% |
| Net Margin | 6.8% | -29.7% |
| Revenue YoY | 117.4% | — |
| Net Profit YoY | 138.3% | — |
| EPS (diluted) | $0.10 | $-0.43 |
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.
| Q3 25 | $83.5M | $82.3M | ||
| Q2 25 | — | $87.8M | ||
| Q1 25 | — | $87.1M | ||
| Q3 24 | $38.4M | — |
| Q3 25 | $5.7M | $-24.5M | ||
| Q2 25 | — | $-20.8M | ||
| Q1 25 | — | $-12.1M | ||
| Q3 24 | $-14.9M | — |
| Q3 25 | 69.9% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 52.6% | — |
| Q3 25 | 11.5% | -16.2% | ||
| Q2 25 | — | -13.2% | ||
| Q1 25 | — | -1.2% | ||
| Q3 24 | -32.9% | — |
| Q3 25 | 6.8% | -29.7% | ||
| Q2 25 | — | -23.7% | ||
| Q1 25 | — | -13.9% | ||
| Q3 24 | -38.8% | — |
| Q3 25 | $0.10 | $-0.43 | ||
| Q2 25 | — | $-0.38 | ||
| Q1 25 | — | $-0.26 | ||
| Q3 24 | $-1.47 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $195.2M | — |
| Total DebtLower is stronger | $55.0M | $402.8M |
| Stockholders' EquityBook value | $-239.5M | $-92.1M |
| Total Assets | $327.5M | $516.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $195.2M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — |
| Q3 25 | $55.0M | $402.8M | ||
| Q2 25 | — | $411.3M | ||
| Q1 25 | — | $413.0M | ||
| Q3 24 | — | — |
| Q3 25 | $-239.5M | $-92.1M | ||
| Q2 25 | — | $-78.6M | ||
| Q1 25 | — | $-101.9M | ||
| Q3 24 | $-242.9M | — |
| Q3 25 | $327.5M | $516.8M | ||
| Q2 25 | — | $535.1M | ||
| Q1 25 | — | $544.2M | ||
| Q3 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 | $13.8M | $-5.9M |
| Free Cash FlowOCF − Capex | $6.5M | $-7.4M |
| FCF MarginFCF / Revenue | 7.7% | -9.0% |
| Capex IntensityCapex / Revenue | 8.8% | 1.9% |
| Cash ConversionOCF / Net Profit | 2.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $13.8M | $-5.9M | ||
| Q2 25 | — | $-8.8M | ||
| Q1 25 | — | $-5.7M | ||
| Q3 24 | — | — |
| Q3 25 | $6.5M | $-7.4M | ||
| Q2 25 | — | $-10.6M | ||
| Q1 25 | — | $-9.7M | ||
| Q3 24 | — | — |
| Q3 25 | 7.7% | -9.0% | ||
| Q2 25 | — | -12.1% | ||
| Q1 25 | — | -11.2% | ||
| Q3 24 | — | — |
| Q3 25 | 8.8% | 1.9% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 4.6% | ||
| Q3 24 | — | — |
| Q3 25 | 2.42× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BLLN
| Prenatal | $74.1M | 89% |
| Oncology | $8.7M | 10% |
TWNP
Segment breakdown not available.
