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Side-by-side financial comparison of CARTERS INC (CRI) and WEX Inc. (WEX). Click either name above to swap in a different company.

CARTERS INC is the larger business by last-quarter revenue ($757.8M vs $652.7M, roughly 1.2× WEX Inc.). WEX Inc. runs the higher net margin — 10.1% vs 1.5%, a 8.6% gap on every dollar of revenue. On growth, CARTERS INC posted the faster year-over-year revenue change (-0.1% vs -3.1%). WEX Inc. produced more free cash flow last quarter ($-9.2M vs $-144.1M).

Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.

WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company is headquartered in Portland, Maine and provides services in the United States, Canada, South America, Europe, Asia, and Australia.

CRI vs WEX — Head-to-Head

Bigger by revenue
CRI
CRI
1.2× larger
CRI
$757.8M
$652.7M
WEX
Growing faster (revenue YoY)
CRI
CRI
+3.0% gap
CRI
-0.1%
-3.1%
WEX
Higher net margin
WEX
WEX
8.6% more per $
WEX
10.1%
1.5%
CRI
More free cash flow
WEX
WEX
$134.9M more FCF
WEX
$-9.2M
$-144.1M
CRI

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
CRI
CRI
WEX
WEX
Revenue
$757.8M
$652.7M
Net Profit
$11.6M
$65.8M
Gross Margin
45.1%
Operating Margin
3.8%
25.2%
Net Margin
1.5%
10.1%
Revenue YoY
-0.1%
-3.1%
Net Profit YoY
-80.1%
-15.3%
EPS (diluted)
$0.32

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
CRI
CRI
WEX
WEX
Q1 26
$652.7M
Q4 25
$465.1M
Q3 25
$757.8M
$481.6M
Q2 25
$585.3M
$454.4M
Q1 25
$629.8M
$444.3M
Q4 24
$440.3M
Q3 24
$479.0M
Q2 24
$478.6M
Net Profit
CRI
CRI
WEX
WEX
Q1 26
$65.8M
Q4 25
$84.2M
Q3 25
$11.6M
$80.3M
Q2 25
$446.0K
$68.1M
Q1 25
$15.5M
$71.5M
Q4 24
$63.9M
Q3 24
$102.9M
Q2 24
$77.0M
Gross Margin
CRI
CRI
WEX
WEX
Q1 26
Q4 25
39.0%
Q3 25
45.1%
43.0%
Q2 25
48.1%
40.0%
Q1 25
46.2%
39.2%
Q4 24
41.5%
Q3 24
48.0%
Q2 24
44.9%
Operating Margin
CRI
CRI
WEX
WEX
Q1 26
25.2%
Q4 25
35.7%
Q3 25
3.8%
38.1%
Q2 25
0.7%
34.5%
Q1 25
4.1%
35.4%
Q4 24
35.7%
Q3 24
41.0%
Q2 24
35.1%
Net Margin
CRI
CRI
WEX
WEX
Q1 26
10.1%
Q4 25
18.1%
Q3 25
1.5%
16.7%
Q2 25
0.1%
15.0%
Q1 25
2.5%
16.1%
Q4 24
14.5%
Q3 24
21.5%
Q2 24
16.1%
EPS (diluted)
CRI
CRI
WEX
WEX
Q1 26
Q4 25
$2.38
Q3 25
$0.32
$2.30
Q2 25
$0.01
$1.98
Q1 25
$0.43
$1.81
Q4 24
$1.60
Q3 24
$2.52
Q2 24
$1.83

Balance Sheet & Financial Strength

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

Metric
CRI
CRI
WEX
WEX
Cash + ST InvestmentsLiquidity on hand
$184.2M
$780.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$864.6M
Total Assets
$2.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRI
CRI
WEX
WEX
Q1 26
$780.0M
Q4 25
$5.2B
Q3 25
$184.2M
$4.9B
Q2 25
$338.2M
$4.9B
Q1 25
$320.8M
$4.4B
Q4 24
$4.4B
Q3 24
$4.3B
Q2 24
$4.0B
Stockholders' Equity
CRI
CRI
WEX
WEX
Q1 26
Q4 25
$1.2B
Q3 25
$864.6M
$1.1B
Q2 25
$853.9M
$978.7M
Q1 25
$847.2M
$810.4M
Q4 24
$1.5B
Q3 24
$1.7B
Q2 24
$1.8B
Total Assets
CRI
CRI
WEX
WEX
Q1 26
Q4 25
$14.4B
Q3 25
$2.5B
$14.4B
Q2 25
$2.5B
$14.7B
Q1 25
$2.3B
$14.0B
Q4 24
$13.3B
Q3 24
$14.0B
Q2 24
$14.2B

Cash Flow & Capital Efficiency

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

Metric
CRI
CRI
WEX
WEX
Operating Cash FlowLast quarter
$-128.0M
Free Cash FlowOCF − Capex
$-144.1M
$-9.2M
FCF MarginFCF / Revenue
-19.0%
-1.4%
Capex IntensityCapex / Revenue
2.1%
5.2%
Cash ConversionOCF / Net Profit
-11.04×
TTM Free Cash FlowTrailing 4 quarters
$818.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRI
CRI
WEX
WEX
Q1 26
Q4 25
$294.7M
Q3 25
$-128.0M
$376.6M
Q2 25
$40.3M
$264.6M
Q1 25
$-48.6M
$-481.6M
Q4 24
$638.4M
Q3 24
$3.3M
Q2 24
$-7.0M
Free Cash Flow
CRI
CRI
WEX
WEX
Q1 26
$-9.2M
Q4 25
$256.3M
Q3 25
$-144.1M
$341.6M
Q2 25
$24.1M
$230.0M
Q1 25
$-59.0M
$-514.2M
Q4 24
$599.7M
Q3 24
$-31.7M
Q2 24
$-46.6M
FCF Margin
CRI
CRI
WEX
WEX
Q1 26
-1.4%
Q4 25
55.1%
Q3 25
-19.0%
70.9%
Q2 25
4.1%
50.6%
Q1 25
-9.4%
-115.7%
Q4 24
136.2%
Q3 24
-6.6%
Q2 24
-9.7%
Capex Intensity
CRI
CRI
WEX
WEX
Q1 26
5.2%
Q4 25
8.3%
Q3 25
2.1%
7.3%
Q2 25
2.8%
7.6%
Q1 25
1.6%
7.3%
Q4 24
8.8%
Q3 24
7.3%
Q2 24
8.3%
Cash Conversion
CRI
CRI
WEX
WEX
Q1 26
Q4 25
3.50×
Q3 25
-11.04×
4.69×
Q2 25
90.37×
3.89×
Q1 25
-3.13×
-6.74×
Q4 24
9.99×
Q3 24
0.03×
Q2 24
-0.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRI
CRI

Sales Channel Directly To Consumer$362.3M48%
Sales Channel Through Intermediary$283.8M37%
Other$110.4M15%
Gift Cards$1.3M0%

WEX
WEX

Segment breakdown not available.

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