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Side-by-side financial comparison of Claritev Corp (CTEV) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $183.7M, roughly 1.3× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs -32.7%, a 48.9% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs 6.2%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs 2.5%).
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.
CTEV vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $183.7M |
| Net Profit | $-80.6M | $29.9M |
| Gross Margin | — | 86.5% |
| Operating Margin | -3.1% | 27.4% |
| Net Margin | -32.7% | 16.3% |
| Revenue YoY | 6.2% | 7.4% |
| Net Profit YoY | 41.6% | — |
| EPS (diluted) | $-4.88 | $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 | $246.6M | $175.7M | ||
| Q3 25 | $246.0M | $175.7M | ||
| Q2 25 | $241.6M | $174.3M | ||
| Q1 25 | $231.3M | $171.1M | ||
| Q4 24 | $232.1M | $161.8M | ||
| Q3 24 | $230.5M | $162.5M | ||
| Q2 24 | $233.5M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $-80.6M | $26.8M | ||
| Q3 25 | $-69.8M | $28.5M | ||
| Q2 25 | $-62.6M | $26.8M | ||
| Q1 25 | $-71.3M | $92.3M | ||
| Q4 24 | $-138.0M | $26.8M | ||
| Q3 24 | $-391.4M | $25.7M | ||
| Q2 24 | $-576.7M | $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 | -3.1% | 26.7% | ||
| Q3 25 | 4.1% | 27.9% | ||
| Q2 25 | 6.9% | 25.9% | ||
| Q1 25 | 4.2% | 22.4% | ||
| Q4 24 | -17.8% | 25.9% | ||
| Q3 24 | -146.7% | 24.5% | ||
| Q2 24 | -224.4% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | -32.7% | 15.2% | ||
| Q3 25 | -28.4% | 16.2% | ||
| Q2 25 | -25.9% | 15.4% | ||
| Q1 25 | -30.8% | 53.9% | ||
| Q4 24 | -59.4% | 16.5% | ||
| Q3 24 | -169.8% | 15.8% | ||
| Q2 24 | -247.0% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $-4.88 | $0.99 | ||
| Q3 25 | $-4.23 | $1.02 | ||
| Q2 25 | $-3.81 | $0.96 | ||
| Q1 25 | $-4.38 | $3.24 | ||
| Q4 24 | $-8.49 | $0.91 | ||
| Q3 24 | $-24.25 | $0.88 | ||
| Q2 24 | $-35.78 | $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 | $16.8M | $128.8M |
| Total DebtLower is stronger | $4.6B | — |
| Stockholders' EquityBook value | $-173.9M | — |
| Total Assets | $4.9B | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $16.8M | $196.6M | ||
| Q3 25 | $39.2M | $237.6M | ||
| Q2 25 | $56.4M | $227.9M | ||
| Q1 25 | $23.1M | $251.4M | ||
| Q4 24 | $16.8M | $315.9M | ||
| Q3 24 | $86.6M | $84.0M | ||
| Q2 24 | $48.8M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $1.2B | ||
| Q3 25 | $4.5B | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | $1.2B | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $4.5B | — |
| Q1 26 | — | — | ||
| Q4 25 | $-173.9M | $-736.8M | ||
| Q3 25 | $-101.8M | $-702.6M | ||
| Q2 25 | $-39.9M | $-686.0M | ||
| Q1 25 | $14.8M | $-715.0M | ||
| Q4 24 | $84.0M | $-675.6M | ||
| Q3 24 | $207.6M | $-447.5M | ||
| Q2 24 | $603.4M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $4.9B | $693.4M | ||
| Q3 25 | $5.0B | $721.0M | ||
| Q2 25 | $5.1B | $708.3M | ||
| Q1 25 | $5.1B | $696.8M | ||
| Q4 24 | $5.2B | $716.2M | ||
| Q3 24 | $5.3B | $484.8M | ||
| Q2 24 | $5.7B | $451.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | — | ||
| Q3 24 | 21.73× | — | ||
| Q2 24 | 7.48× | — |
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 | $66.3M | — |
| Free Cash FlowOCF − Capex | $36.4M | — |
| FCF MarginFCF / Revenue | 14.8% | — |
| Capex IntensityCapex / Revenue | 12.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $66.3M | $57.3M | ||
| Q3 25 | $19.9M | $63.9M | ||
| Q2 25 | $61.2M | $6.6M | ||
| Q1 25 | $-30.1M | $25.3M | ||
| Q4 24 | $-33.4M | $7.7M | ||
| Q3 24 | $72.8M | $69.0M | ||
| Q2 24 | $18.5M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $36.4M | $34.5M | ||
| Q3 25 | $-16.3M | $61.7M | ||
| Q2 25 | $36.6M | $-7.8M | ||
| Q1 25 | $-68.9M | $17.3M | ||
| Q4 24 | $-63.8M | $-8.6M | ||
| Q3 24 | $41.1M | $54.9M | ||
| Q2 24 | $-7.0M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | 19.6% | ||
| Q3 25 | -6.6% | 35.1% | ||
| Q2 25 | 15.2% | -4.5% | ||
| Q1 25 | -29.8% | 10.1% | ||
| Q4 24 | -27.5% | -5.3% | ||
| Q3 24 | 17.8% | 33.8% | ||
| Q2 24 | -3.0% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 13.0% | ||
| Q3 25 | 14.7% | 1.3% | ||
| Q2 25 | 10.2% | 8.2% | ||
| Q1 25 | 16.8% | 4.7% | ||
| Q4 24 | 13.1% | 10.1% | ||
| Q3 24 | 13.8% | 8.7% | ||
| Q2 24 | 10.9% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 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
CTEV
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% |
