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Side-by-side financial comparison of First Foundation Inc. (FFWM) and Twin Hospitality Group Inc. (TWNP). Click either name above to swap in a different company.

Twin Hospitality Group Inc. is the larger business by last-quarter revenue ($82.3M vs $48.4M, roughly 1.7× First Foundation Inc.). Twin Hospitality Group Inc. runs the higher net margin — -29.7% vs -97.9%, a 68.1% gap on every dollar of revenue. Twin Hospitality Group Inc. produced more free cash flow last quarter ($-7.4M vs $-35.2M).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

FFWM vs TWNP — Head-to-Head

Bigger by revenue
TWNP
TWNP
1.7× larger
TWNP
$82.3M
$48.4M
FFWM
Higher net margin
TWNP
TWNP
68.1% more per $
TWNP
-29.7%
-97.9%
FFWM
More free cash flow
TWNP
TWNP
$27.8M more FCF
TWNP
$-7.4M
$-35.2M
FFWM

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FFWM
FFWM
TWNP
TWNP
Revenue
$48.4M
$82.3M
Net Profit
$-8.0M
$-24.5M
Gross Margin
Operating Margin
-97.5%
-16.2%
Net Margin
-97.9%
-29.7%
Revenue YoY
421.7%
Net Profit YoY
43.0%
EPS (diluted)
$-0.09
$-0.43

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
FFWM
FFWM
TWNP
TWNP
Q4 25
$48.4M
Q3 25
$63.6M
$82.3M
Q2 25
$51.4M
$87.8M
Q1 25
$71.4M
$87.1M
Q4 24
$9.3M
Q3 24
$9.2M
Q2 24
$57.5M
Q1 24
$51.1M
Net Profit
FFWM
FFWM
TWNP
TWNP
Q4 25
$-8.0M
Q3 25
$-146.3M
$-24.5M
Q2 25
$-7.7M
$-20.8M
Q1 25
$6.9M
$-12.1M
Q4 24
$-14.1M
Q3 24
$-82.2M
Q2 24
$3.1M
Q1 24
$793.0K
Operating Margin
FFWM
FFWM
TWNP
TWNP
Q4 25
-97.5%
Q3 25
-92.7%
-16.2%
Q2 25
-21.1%
-13.2%
Q1 25
8.8%
-1.2%
Q4 24
-247.7%
Q3 24
-1276.7%
Q2 24
4.6%
Q1 24
-0.2%
Net Margin
FFWM
FFWM
TWNP
TWNP
Q4 25
-97.9%
Q3 25
-230.1%
-29.7%
Q2 25
-15.0%
-23.7%
Q1 25
9.7%
-13.9%
Q4 24
-152.2%
Q3 24
-896.9%
Q2 24
5.4%
Q1 24
1.6%
EPS (diluted)
FFWM
FFWM
TWNP
TWNP
Q4 25
$-0.09
Q3 25
$-1.78
$-0.43
Q2 25
$-0.09
$-0.38
Q1 25
$0.08
$-0.26
Q4 24
$-0.24
Q3 24
$-1.23
Q2 24
$0.05
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
TWNP
TWNP
Cash + ST InvestmentsLiquidity on hand
$1.6B
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$912.6M
$-92.1M
Total Assets
$11.9B
$516.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
TWNP
TWNP
Q4 25
$1.6B
Q3 25
$1.7B
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$1.0B
Q3 24
$1.1B
Q2 24
$1.4B
Q1 24
$1.6B
Total Debt
FFWM
FFWM
TWNP
TWNP
Q4 25
Q3 25
$402.8M
Q2 25
$411.3M
Q1 25
$413.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FFWM
FFWM
TWNP
TWNP
Q4 25
$912.6M
Q3 25
$917.9M
$-92.1M
Q2 25
$1.1B
$-78.6M
Q1 25
$1.1B
$-101.9M
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$933.2M
Q1 24
$928.7M
Total Assets
FFWM
FFWM
TWNP
TWNP
Q4 25
$11.9B
Q3 25
$11.9B
$516.8M
Q2 25
$11.6B
$535.1M
Q1 25
$12.6B
$544.2M
Q4 24
$12.6B
Q3 24
$13.4B
Q2 24
$13.7B
Q1 24
$13.6B

Cash Flow & Capital Efficiency

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

Metric
FFWM
FFWM
TWNP
TWNP
Operating Cash FlowLast quarter
$-31.9M
$-5.9M
Free Cash FlowOCF − Capex
$-35.2M
$-7.4M
FCF MarginFCF / Revenue
-72.8%
-9.0%
Capex IntensityCapex / Revenue
6.9%
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
TWNP
TWNP
Q4 25
$-31.9M
Q3 25
$9.2M
$-5.9M
Q2 25
$-16.3M
$-8.8M
Q1 25
$-552.0K
$-5.7M
Q4 24
$-8.7M
Q3 24
$14.2M
Q2 24
$-9.1M
Q1 24
$7.2M
Free Cash Flow
FFWM
FFWM
TWNP
TWNP
Q4 25
$-35.2M
Q3 25
$8.6M
$-7.4M
Q2 25
$-16.7M
$-10.6M
Q1 25
$-2.5M
$-9.7M
Q4 24
$-11.4M
Q3 24
$13.4M
Q2 24
$-9.4M
Q1 24
$5.9M
FCF Margin
FFWM
FFWM
TWNP
TWNP
Q4 25
-72.8%
Q3 25
13.5%
-9.0%
Q2 25
-32.4%
-12.1%
Q1 25
-3.5%
-11.2%
Q4 24
-123.5%
Q3 24
146.2%
Q2 24
-16.3%
Q1 24
11.6%
Capex Intensity
FFWM
FFWM
TWNP
TWNP
Q4 25
6.9%
Q3 25
1.0%
1.9%
Q2 25
0.8%
2.1%
Q1 25
2.8%
4.6%
Q4 24
29.4%
Q3 24
9.0%
Q2 24
0.4%
Q1 24
2.5%
Cash Conversion
FFWM
FFWM
TWNP
TWNP
Q4 25
Q3 25
Q2 25
Q1 25
-0.08×
Q4 24
Q3 24
Q2 24
-2.96×
Q1 24
9.09×

Financial Flow Comparison

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

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