vs
Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) 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 $162.5M, roughly 1.1× Bitcoin Depot Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 3.4%, a 12.9% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 7.4%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs -4.9%).
Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.
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.
BTM vs WING — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $183.7M |
| Net Profit | $5.5M | $29.9M |
| Gross Margin | — | 86.5% |
| Operating Margin | 7.3% | 27.4% |
| Net Margin | 3.4% | 16.3% |
| Revenue YoY | 20.1% | 7.4% |
| Net Profit YoY | 690.4% | — |
| EPS (diluted) | $0.08 | $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.
| Q1 26 | — | $183.7M | ||
| Q4 25 | — | $175.7M | ||
| Q3 25 | $162.5M | $175.7M | ||
| Q2 25 | $172.1M | $174.3M | ||
| Q1 25 | $164.2M | $171.1M | ||
| Q4 24 | — | $161.8M | ||
| Q3 24 | $135.3M | $162.5M | ||
| Q2 24 | $163.1M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | — | $26.8M | ||
| Q3 25 | $5.5M | $28.5M | ||
| Q2 25 | $6.1M | $26.8M | ||
| Q1 25 | $4.2M | $92.3M | ||
| Q4 24 | — | $26.8M | ||
| Q3 24 | $-939.0K | $25.7M | ||
| Q2 24 | $-2.6M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | — | 26.7% | ||
| Q3 25 | 7.3% | 27.9% | ||
| Q2 25 | 9.2% | 25.9% | ||
| Q1 25 | 10.8% | 22.4% | ||
| Q4 24 | — | 25.9% | ||
| Q3 24 | 4.1% | 24.5% | ||
| Q2 24 | 4.7% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | 3.4% | 16.2% | ||
| Q2 25 | 3.5% | 15.4% | ||
| Q1 25 | 2.6% | 53.9% | ||
| Q4 24 | — | 16.5% | ||
| Q3 24 | -0.7% | 15.8% | ||
| Q2 24 | -1.6% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | — | $0.99 | ||
| Q3 25 | $0.08 | $1.02 | ||
| Q2 25 | $0.16 | $0.96 | ||
| Q1 25 | $0.20 | $3.24 | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | $-0.05 | $0.88 | ||
| Q2 24 | $-0.13 | $0.93 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $59.3M | $128.8M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | — |
| Total Assets | $125.3M | $648.9M |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | — | $196.6M | ||
| Q3 25 | $59.3M | $237.6M | ||
| Q2 25 | $48.0M | $227.9M | ||
| Q1 25 | $35.0M | $251.4M | ||
| Q4 24 | — | $315.9M | ||
| Q3 24 | $32.2M | $84.0M | ||
| Q2 24 | $43.9M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $41.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $-736.8M | ||
| Q3 25 | $21.0M | $-702.6M | ||
| Q2 25 | $4.7M | $-686.0M | ||
| Q1 25 | $-4.6M | $-715.0M | ||
| Q4 24 | — | $-675.6M | ||
| Q3 24 | $-7.9M | $-447.5M | ||
| Q2 24 | $4.4M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | — | $693.4M | ||
| Q3 25 | $125.3M | $721.0M | ||
| Q2 25 | $109.1M | $708.3M | ||
| Q1 25 | $89.7M | $696.8M | ||
| Q4 24 | — | $716.2M | ||
| Q3 24 | $87.4M | $484.8M | ||
| Q2 24 | $97.5M | $451.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.27× | — |
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 | $6.6M | — |
| Free Cash FlowOCF − Capex | $2.5M | — |
| FCF MarginFCF / Revenue | 1.6% | — |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | 1.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $57.3M | ||
| Q3 25 | $6.6M | $63.9M | ||
| Q2 25 | $10.2M | $6.6M | ||
| Q1 25 | $16.3M | $25.3M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | $5.8M | $69.0M | ||
| Q2 24 | $10.1M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $34.5M | ||
| Q3 25 | $2.5M | $61.7M | ||
| Q2 25 | $9.8M | $-7.8M | ||
| Q1 25 | $15.9M | $17.3M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | $-1.0M | $54.9M | ||
| Q2 24 | $7.6M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.6% | ||
| Q3 25 | 1.6% | 35.1% | ||
| Q2 25 | 5.7% | -4.5% | ||
| Q1 25 | 9.7% | 10.1% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | -0.8% | 33.8% | ||
| Q2 24 | 4.7% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | 2.5% | 1.3% | ||
| Q2 25 | 0.2% | 8.2% | ||
| Q1 25 | 0.2% | 4.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | 5.0% | 8.7% | ||
| Q2 24 | 1.5% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | 1.20× | 2.24× | ||
| Q2 25 | 1.67× | 0.25× | ||
| Q1 25 | 3.88× | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 2.68× | ||
| Q2 24 | — | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
