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Side-by-side financial comparison of Finwise Bancorp (FINW) 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 $46.9M, roughly 1.8× Finwise Bancorp). Finwise Bancorp runs the higher net margin — 8.4% vs -29.7%, a 38.1% gap on every dollar of revenue. Twin Hospitality Group Inc. produced more free cash flow last quarter ($-7.4M vs $-28.6M).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs TWNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.9M | $82.3M |
| Net Profit | $3.9M | $-24.5M |
| Gross Margin | — | — |
| Operating Margin | 11.7% | -16.2% |
| Net Margin | 8.4% | -29.7% |
| Revenue YoY | 121.7% | — |
| Net Profit YoY | 40.1% | — |
| EPS (diluted) | $0.27 | $-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.
| Q4 25 | $46.9M | — | ||
| Q3 25 | $36.7M | $82.3M | ||
| Q2 25 | $25.1M | $87.8M | ||
| Q1 25 | $22.1M | $87.1M | ||
| Q4 24 | $21.1M | — | ||
| Q3 24 | $20.8M | — | ||
| Q2 24 | $19.8M | — | ||
| Q1 24 | $19.7M | — |
| Q4 25 | $3.9M | — | ||
| Q3 25 | $4.9M | $-24.5M | ||
| Q2 25 | $4.1M | $-20.8M | ||
| Q1 25 | $3.2M | $-12.1M | ||
| Q4 24 | $2.8M | — | ||
| Q3 24 | $3.5M | — | ||
| Q2 24 | $3.2M | — | ||
| Q1 24 | $3.3M | — |
| Q4 25 | 11.7% | — | ||
| Q3 25 | 17.5% | -16.2% | ||
| Q2 25 | 21.7% | -13.2% | ||
| Q1 25 | 20.1% | -1.2% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 22.2% | — | ||
| Q2 24 | 21.1% | — | ||
| Q1 24 | 22.9% | — |
| Q4 25 | 8.4% | — | ||
| Q3 25 | 13.3% | -29.7% | ||
| Q2 25 | 16.3% | -23.7% | ||
| Q1 25 | 14.4% | -13.9% | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 16.6% | — | ||
| Q2 24 | 16.1% | — | ||
| Q1 24 | 16.9% | — |
| Q4 25 | $0.27 | — | ||
| Q3 25 | $0.34 | $-0.43 | ||
| Q2 25 | $0.29 | $-0.38 | ||
| Q1 25 | $0.23 | $-0.26 | ||
| Q4 24 | $0.19 | — | ||
| Q3 24 | $0.25 | — | ||
| Q2 24 | $0.24 | — | ||
| Q1 24 | $0.25 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $163.4M | — |
| Total DebtLower is stronger | — | $402.8M |
| Stockholders' EquityBook value | $193.2M | $-92.1M |
| Total Assets | $977.1M | $516.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $163.4M | — | ||
| Q3 25 | $105.6M | — | ||
| Q2 25 | $90.1M | — | ||
| Q1 25 | $120.3M | — | ||
| Q4 24 | $109.2M | — | ||
| Q3 24 | $85.8M | — | ||
| Q2 24 | $89.0M | — | ||
| Q1 24 | $115.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $402.8M | ||
| Q2 25 | — | $411.3M | ||
| Q1 25 | — | $413.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $193.2M | — | ||
| Q3 25 | $187.8M | $-92.1M | ||
| Q2 25 | $182.0M | $-78.6M | ||
| Q1 25 | $177.4M | $-101.9M | ||
| Q4 24 | $173.7M | — | ||
| Q3 24 | $170.4M | — | ||
| Q2 24 | $165.8M | — | ||
| Q1 24 | $162.5M | — |
| Q4 25 | $977.1M | — | ||
| Q3 25 | $899.9M | $516.8M | ||
| Q2 25 | $842.5M | $535.1M | ||
| Q1 25 | $804.1M | $544.2M | ||
| Q4 24 | $746.0M | — | ||
| Q3 24 | $683.0M | — | ||
| Q2 24 | $617.8M | — | ||
| Q1 24 | $610.8M | — |
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 | $-28.4M | $-5.9M |
| Free Cash FlowOCF − Capex | $-28.6M | $-7.4M |
| FCF MarginFCF / Revenue | -61.1% | -9.0% |
| Capex IntensityCapex / Revenue | 0.5% | 1.9% |
| Cash ConversionOCF / Net Profit | -7.26× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-68.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-28.4M | — | ||
| Q3 25 | $3.5M | $-5.9M | ||
| Q2 25 | $-18.3M | $-8.8M | ||
| Q1 25 | $-21.6M | $-5.7M | ||
| Q4 24 | $-15.0M | — | ||
| Q3 24 | $-9.8M | — | ||
| Q2 24 | $-7.6M | — | ||
| Q1 24 | $1.8M | — |
| Q4 25 | $-28.6M | — | ||
| Q3 25 | $3.4M | $-7.4M | ||
| Q2 25 | $-19.8M | $-10.6M | ||
| Q1 25 | $-23.3M | $-9.7M | ||
| Q4 24 | $-16.1M | — | ||
| Q3 24 | $-13.4M | — | ||
| Q2 24 | $-7.7M | — | ||
| Q1 24 | $568.0K | — |
| Q4 25 | -61.1% | — | ||
| Q3 25 | 9.4% | -9.0% | ||
| Q2 25 | -79.0% | -12.1% | ||
| Q1 25 | -105.3% | -11.2% | ||
| Q4 24 | -76.0% | — | ||
| Q3 24 | -64.3% | — | ||
| Q2 24 | -38.7% | — | ||
| Q1 24 | 2.9% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.1% | 1.9% | ||
| Q2 25 | 5.8% | 2.1% | ||
| Q1 25 | 7.4% | 4.6% | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 17.2% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 6.0% | — |
| Q4 25 | -7.26× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | -4.48× | — | ||
| Q1 25 | -6.78× | — | ||
| Q4 24 | -5.37× | — | ||
| Q3 24 | -2.84× | — | ||
| Q2 24 | -2.39× | — | ||
| Q1 24 | 0.53× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
