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Side-by-side financial comparison of CROSS COUNTRY HEALTHCARE INC (CCRN) and First Watch Restaurant Group, Inc. (FWRG). Click either name above to swap in a different company.

First Watch Restaurant Group, Inc. is the larger business by last-quarter revenue ($316.4M vs $236.8M, roughly 1.3× CROSS COUNTRY HEALTHCARE INC). On growth, First Watch Restaurant Group, Inc. posted the faster year-over-year revenue change (20.2% vs -23.6%). CROSS COUNTRY HEALTHCARE INC produced more free cash flow last quarter ($16.1M vs $-18.3M). Over the past eight quarters, First Watch Restaurant Group, Inc.'s revenue compounded faster (14.2% CAGR vs -21.0%).

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

Ruby Tuesday Inc. is an American multinational foodservice retailer that owns, operates, and franchises Ruby Tuesday restaurants. The concept was started in 1972 by Samuel E. (Sandy) Beall III.

CCRN vs FWRG — Head-to-Head

Bigger by revenue
FWRG
FWRG
1.3× larger
FWRG
$316.4M
$236.8M
CCRN
Growing faster (revenue YoY)
FWRG
FWRG
+43.8% gap
FWRG
20.2%
-23.6%
CCRN
More free cash flow
CCRN
CCRN
$34.5M more FCF
CCRN
$16.1M
$-18.3M
FWRG
Faster 2-yr revenue CAGR
FWRG
FWRG
Annualised
FWRG
14.2%
-21.0%
CCRN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CCRN
CCRN
FWRG
FWRG
Revenue
$236.8M
$316.4M
Net Profit
$-82.9M
Gross Margin
Operating Margin
-30.2%
2.9%
Net Margin
-35.0%
Revenue YoY
-23.6%
20.2%
Net Profit YoY
-2109.7%
EPS (diluted)
$-2.56
$0.24

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
CCRN
CCRN
FWRG
FWRG
Q4 25
$236.8M
$316.4M
Q3 25
$250.1M
$316.0M
Q2 25
$274.1M
$307.9M
Q1 25
$293.4M
$282.2M
Q4 24
$309.9M
$263.3M
Q3 24
$315.1M
$251.6M
Q2 24
$339.8M
$258.6M
Q1 24
$379.2M
$242.4M
Net Profit
CCRN
CCRN
FWRG
FWRG
Q4 25
$-82.9M
Q3 25
$-4.8M
$3.0M
Q2 25
$-6.7M
$2.1M
Q1 25
$-490.0K
$-829.0K
Q4 24
$-3.8M
Q3 24
$2.6M
$2.1M
Q2 24
$-16.1M
$8.9M
Q1 24
$2.7M
$7.2M
Gross Margin
CCRN
CCRN
FWRG
FWRG
Q4 25
Q3 25
20.4%
Q2 25
20.4%
Q1 25
20.0%
Q4 24
Q3 24
20.4%
Q2 24
20.8%
Q1 24
20.4%
Operating Margin
CCRN
CCRN
FWRG
FWRG
Q4 25
-30.2%
2.9%
Q3 25
-2.4%
3.2%
Q2 25
-2.1%
2.4%
Q1 25
-0.3%
0.4%
Q4 24
-1.1%
1.5%
Q3 24
0.9%
2.5%
Q2 24
-5.7%
6.4%
Q1 24
0.8%
5.1%
Net Margin
CCRN
CCRN
FWRG
FWRG
Q4 25
-35.0%
Q3 25
-1.9%
0.9%
Q2 25
-2.4%
0.7%
Q1 25
-0.2%
-0.3%
Q4 24
-1.2%
Q3 24
0.8%
0.8%
Q2 24
-4.7%
3.4%
Q1 24
0.7%
3.0%
EPS (diluted)
CCRN
CCRN
FWRG
FWRG
Q4 25
$-2.56
$0.24
Q3 25
$-0.15
$0.05
Q2 25
$-0.20
$0.03
Q1 25
$-0.02
$-0.01
Q4 24
$-0.13
$0.01
Q3 24
$0.08
$0.03
Q2 24
$-0.47
$0.14
Q1 24
$0.08
$0.12

Balance Sheet & Financial Strength

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

Metric
CCRN
CCRN
FWRG
FWRG
Cash + ST InvestmentsLiquidity on hand
$108.7M
$21.2M
Total DebtLower is stronger
$269.1M
Stockholders' EquityBook value
$322.8M
$626.3M
Total Assets
$449.0M
$1.7B
Debt / EquityLower = less leverage
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCRN
CCRN
FWRG
FWRG
Q4 25
$108.7M
$21.2M
Q3 25
$99.1M
$20.7M
Q2 25
$81.2M
$19.2M
Q1 25
$80.7M
$18.6M
Q4 24
$81.6M
$33.3M
Q3 24
$64.0M
$51.1M
Q2 24
$69.6M
$45.1M
Q1 24
$5.2M
$43.2M
Total Debt
CCRN
CCRN
FWRG
FWRG
Q4 25
$269.1M
Q3 25
$251.0M
Q2 25
$250.0M
Q1 25
$191.5M
Q4 24
$189.0M
Q3 24
$189.7M
Q2 24
$192.1M
Q1 24
$122.7M
Stockholders' Equity
CCRN
CCRN
FWRG
FWRG
Q4 25
$322.8M
$626.3M
Q3 25
$408.1M
$607.3M
Q2 25
$412.2M
$601.3M
Q1 25
$418.2M
$596.3M
Q4 24
$419.0M
$595.4M
Q3 24
$424.7M
$589.1M
Q2 24
$433.3M
$585.8M
Q1 24
$462.4M
$574.4M
Total Assets
CCRN
CCRN
FWRG
FWRG
Q4 25
$449.0M
$1.7B
Q3 25
$538.2M
$1.7B
Q2 25
$553.8M
$1.7B
Q1 25
$576.2M
$1.5B
Q4 24
$589.3M
$1.5B
Q3 24
$597.4M
$1.5B
Q2 24
$602.9M
$1.4B
Q1 24
$648.4M
$1.3B
Debt / Equity
CCRN
CCRN
FWRG
FWRG
Q4 25
0.43×
Q3 25
0.41×
Q2 25
0.42×
Q1 25
0.32×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.33×
Q1 24
0.21×

Cash Flow & Capital Efficiency

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

Metric
CCRN
CCRN
FWRG
FWRG
Operating Cash FlowLast quarter
$18.2M
$18.5M
Free Cash FlowOCF − Capex
$16.1M
$-18.3M
FCF MarginFCF / Revenue
6.8%
-5.8%
Capex IntensityCapex / Revenue
0.9%
11.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$40.1M
$-31.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCRN
CCRN
FWRG
FWRG
Q4 25
$18.2M
$18.5M
Q3 25
$20.1M
$47.9M
Q2 25
$4.2M
$39.4M
Q1 25
$5.7M
$20.1M
Q4 24
$24.2M
$22.9M
Q3 24
$7.5M
$35.9M
Q2 24
$82.4M
$31.9M
Q1 24
$6.0M
$25.0M
Free Cash Flow
CCRN
CCRN
FWRG
FWRG
Q4 25
$16.1M
$-18.3M
Q3 25
$17.9M
$5.5M
Q2 25
$2.3M
$-1.7M
Q1 25
$3.8M
$-16.4M
Q4 24
$21.7M
$-17.7M
Q3 24
$6.3M
$6.8M
Q2 24
$79.6M
$2.3M
Q1 24
$3.8M
$-3.6M
FCF Margin
CCRN
CCRN
FWRG
FWRG
Q4 25
6.8%
-5.8%
Q3 25
7.2%
1.7%
Q2 25
0.8%
-0.5%
Q1 25
1.3%
-5.8%
Q4 24
7.0%
-6.7%
Q3 24
2.0%
2.7%
Q2 24
23.4%
0.9%
Q1 24
1.0%
-1.5%
Capex Intensity
CCRN
CCRN
FWRG
FWRG
Q4 25
0.9%
11.6%
Q3 25
0.9%
13.4%
Q2 25
0.7%
13.4%
Q1 25
0.6%
13.0%
Q4 24
0.8%
15.4%
Q3 24
0.4%
11.6%
Q2 24
0.8%
11.5%
Q1 24
0.6%
11.8%
Cash Conversion
CCRN
CCRN
FWRG
FWRG
Q4 25
Q3 25
16.01×
Q2 25
18.72×
Q1 25
Q4 24
Q3 24
2.92×
16.98×
Q2 24
3.59×
Q1 24
2.23×
3.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CCRN
CCRN

Temporary Staffing Services$189.6M80%
Physician Staffing$42.5M18%
Other Services$4.7M2%

FWRG
FWRG

In Restaurant Dining Sales$254.1M80%
Third Party Delivery Sales$38.6M12%
Take Out Sales$21.3M7%
Royalty And System Fund Contributions$2.3M1%

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