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Side-by-side financial comparison of Bridgewater Bancshares Inc (BWB) and FULL HOUSE RESORTS INC (FLL). Click either name above to swap in a different company.

FULL HOUSE RESORTS INC is the larger business by last-quarter revenue ($75.4M vs $46.2M, roughly 1.6× Bridgewater Bancshares Inc). Bridgewater Bancshares Inc runs the higher net margin — 37.7% vs -16.4%, a 54.1% gap on every dollar of revenue. Over the past eight quarters, Bridgewater Bancshares Inc's revenue compounded faster (31.4% CAGR vs 3.9%).

Bridgewater Bancshares Inc. is a regional bank holding company headquartered in Minnesota, U.S. It offers a full suite of commercial and retail banking services including business loans, deposit products, residential mortgages, and personal banking solutions, primarily serving SMEs, individual consumers and local commercial clients in its operating areas.

Full House Resorts, Inc. is an American casino developer and operator based in Summerlin South, Nevada. The company currently operates five casinos. It is known for the involvement of Gulfstream Aerospace founder Allen Paulson, who was CEO from 1994 to 2000, and former Chrysler chairman Lee Iacocca, who was a major investor in the company from 1995 to 2013. Dan Lee has been CEO since late 2014.

BWB vs FLL — Head-to-Head

Bigger by revenue
FLL
FLL
1.6× larger
FLL
$75.4M
$46.2M
BWB
Higher net margin
BWB
BWB
54.1% more per $
BWB
37.7%
-16.4%
FLL
Faster 2-yr revenue CAGR
BWB
BWB
Annualised
BWB
31.4%
3.9%
FLL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BWB
BWB
FLL
FLL
Revenue
$46.2M
$75.4M
Net Profit
$17.4M
$-12.4M
Gross Margin
93.1%
Operating Margin
-1.3%
Net Margin
37.7%
-16.4%
Revenue YoY
3.4%
Net Profit YoY
80.7%
-0.6%
EPS (diluted)
$0.58
$-0.35

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
BWB
BWB
FLL
FLL
Q1 26
$46.2M
Q4 25
$38.8M
$75.4M
Q3 25
$36.2M
$78.0M
Q2 25
$36.1M
$73.9M
Q1 25
$32.3M
$75.1M
Q4 24
$29.5M
$73.0M
Q3 24
$27.1M
$75.7M
Q2 24
$26.8M
$73.5M
Net Profit
BWB
BWB
FLL
FLL
Q1 26
$17.4M
Q4 25
$13.3M
$-12.4M
Q3 25
$11.6M
$-7.7M
Q2 25
$11.5M
$-10.4M
Q1 25
$9.6M
$-9.8M
Q4 24
$8.2M
$-12.3M
Q3 24
$8.7M
$-8.5M
Q2 24
$8.1M
$-8.6M
Gross Margin
BWB
BWB
FLL
FLL
Q1 26
Q4 25
93.1%
Q3 25
93.2%
Q2 25
93.5%
Q1 25
93.4%
Q4 24
92.1%
Q3 24
92.2%
Q2 24
92.4%
Operating Margin
BWB
BWB
FLL
FLL
Q1 26
Q4 25
44.2%
-1.3%
Q3 25
41.8%
4.4%
Q2 25
42.0%
-0.1%
Q1 25
39.2%
1.0%
Q4 24
35.6%
-1.9%
Q3 24
41.9%
3.2%
Q2 24
39.7%
3.2%
Net Margin
BWB
BWB
FLL
FLL
Q1 26
37.7%
Q4 25
34.3%
-16.4%
Q3 25
32.1%
-9.8%
Q2 25
31.9%
-14.0%
Q1 25
29.8%
-13.0%
Q4 24
27.8%
-16.9%
Q3 24
32.0%
-11.2%
Q2 24
30.3%
-11.7%
EPS (diluted)
BWB
BWB
FLL
FLL
Q1 26
$0.58
Q4 25
$0.42
$-0.35
Q3 25
$0.38
$-0.21
Q2 25
$0.38
$-0.29
Q1 25
$0.31
$-0.27
Q4 24
$0.26
$-0.34
Q3 24
$0.27
$-0.24
Q2 24
$0.26
$-0.25

Balance Sheet & Financial Strength

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

Metric
BWB
BWB
FLL
FLL
Cash + ST InvestmentsLiquidity on hand
$222.2M
$40.7M
Total DebtLower is stronger
$473.6M
Stockholders' EquityBook value
$528.4M
$2.5M
Total Assets
$5.3B
$649.8M
Debt / EquityLower = less leverage
186.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BWB
BWB
FLL
FLL
Q1 26
$222.2M
Q4 25
$123.5M
$40.7M
Q3 25
$131.8M
$30.9M
Q2 25
$217.5M
$32.1M
Q1 25
$166.2M
$30.7M
Q4 24
$229.8M
$40.2M
Q3 24
$191.9M
$25.9M
Q2 24
$134.1M
$31.1M
Total Debt
BWB
BWB
FLL
FLL
Q1 26
Q4 25
$473.6M
Q3 25
$473.1M
Q2 25
$467.5M
Q1 25
$471.7M
Q4 24
$468.1M
Q3 24
$467.4M
Q2 24
$466.6M
Stockholders' Equity
BWB
BWB
FLL
FLL
Q1 26
$528.4M
Q4 25
$517.1M
$2.5M
Q3 25
$497.5M
$14.2M
Q2 25
$476.3M
$21.2M
Q1 25
$469.0M
$31.0M
Q4 24
$457.9M
$40.5M
Q3 24
$452.2M
$51.8M
Q2 24
$439.2M
$59.5M
Total Assets
BWB
BWB
FLL
FLL
Q1 26
$5.3B
Q4 25
$5.4B
$649.8M
Q3 25
$5.4B
$644.4M
Q2 25
$5.3B
$651.5M
Q1 25
$5.1B
$657.2M
Q4 24
$5.1B
$673.3M
Q3 24
$4.7B
$668.7M
Q2 24
$4.7B
$673.9M
Debt / Equity
BWB
BWB
FLL
FLL
Q1 26
Q4 25
186.62×
Q3 25
33.30×
Q2 25
22.04×
Q1 25
15.22×
Q4 24
11.56×
Q3 24
9.02×
Q2 24
7.85×

Cash Flow & Capital Efficiency

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

Metric
BWB
BWB
FLL
FLL
Operating Cash FlowLast quarter
$12.0M
Free Cash FlowOCF − Capex
$10.7M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BWB
BWB
FLL
FLL
Q1 26
Q4 25
$27.8M
$12.0M
Q3 25
$9.4M
$-472.0K
Q2 25
$4.0M
$7.9M
Q1 25
$7.5M
$-9.5M
Q4 24
$46.4M
$14.8M
Q3 24
$-6.0M
$-6.7M
Q2 24
$10.6M
$10.1M
Free Cash Flow
BWB
BWB
FLL
FLL
Q1 26
Q4 25
$22.0M
$10.7M
Q3 25
$7.8M
$-5.5M
Q2 25
$2.8M
$4.5M
Q1 25
$6.9M
$-12.3M
Q4 24
$42.3M
$6.9M
Q3 24
$-6.5M
$-17.4M
Q2 24
$10.4M
$-1.2M
FCF Margin
BWB
BWB
FLL
FLL
Q1 26
Q4 25
56.6%
14.1%
Q3 25
21.5%
-7.1%
Q2 25
7.8%
6.1%
Q1 25
21.5%
-16.4%
Q4 24
143.4%
9.4%
Q3 24
-23.8%
-23.0%
Q2 24
38.9%
-1.6%
Capex Intensity
BWB
BWB
FLL
FLL
Q1 26
Q4 25
15.1%
1.8%
Q3 25
4.4%
6.5%
Q2 25
3.2%
4.5%
Q1 25
1.7%
3.8%
Q4 24
13.8%
10.9%
Q3 24
1.7%
14.1%
Q2 24
0.7%
15.4%
Cash Conversion
BWB
BWB
FLL
FLL
Q1 26
Q4 25
2.09×
Q3 25
0.81×
Q2 25
0.35×
Q1 25
0.77×
Q4 24
5.65×
Q3 24
-0.69×
Q2 24
1.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BWB
BWB

Net Interest Income$36.6M79%
Noninterest Income$9.6M21%

FLL
FLL

Midwest And South$58.2M77%
Food And Beverage$9.7M13%
Other Operations$3.6M5%
Other$2.3M3%
Contracted Sports Wagering$1.7M2%

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