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Side-by-side financial comparison of BingEx Ltd (FLX) and Twin Hospitality Group Inc. (TWNP). Click either name above to swap in a different company.
BingEx Ltd is the larger business by last-quarter revenue ($143.2M vs $82.3M, roughly 1.7× Twin Hospitality Group Inc.). BingEx Ltd runs the higher net margin — 2.2% vs -29.7%, a 32.0% gap on every dollar of revenue.
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.
FLX vs TWNP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $143.2M | $82.3M |
| Net Profit | $3.2M | $-24.5M |
| Gross Margin | 10.8% | — |
| Operating Margin | — | -16.2% |
| Net Margin | 2.2% | -29.7% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $-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.
| Q1 26 | $143.2M | — | ||
| Q3 25 | $141.2M | $82.3M | ||
| Q2 25 | $143.0M | $87.8M | ||
| Q1 25 | $141.0M | $87.1M | ||
| Q3 24 | $164.6M | — |
| Q1 26 | $3.2M | — | ||
| Q3 25 | $6.1M | $-24.5M | ||
| Q2 25 | $7.5M | $-20.8M | ||
| Q1 25 | $27.6M | $-12.1M | ||
| Q3 24 | $3.4M | — |
| Q1 26 | 10.8% | — | ||
| Q3 25 | 11.1% | — | ||
| Q2 25 | 12.0% | — | ||
| Q1 25 | 10.0% | — | ||
| Q3 24 | 11.3% | — |
| Q1 26 | — | — | ||
| Q3 25 | 1.4% | -16.2% | ||
| Q2 25 | 1.9% | -13.2% | ||
| Q1 25 | — | -1.2% | ||
| Q3 24 | 4.0% | — |
| Q1 26 | 2.2% | — | ||
| Q3 25 | 4.4% | -29.7% | ||
| Q2 25 | 5.2% | -23.7% | ||
| Q1 25 | 19.6% | -13.9% | ||
| Q3 24 | 2.1% | — |
| Q1 26 | — | — | ||
| Q3 25 | — | $-0.43 | ||
| Q2 25 | — | $-0.38 | ||
| Q1 25 | — | $-0.26 | ||
| Q3 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $561.1M | — |
| Total DebtLower is stronger | — | $402.8M |
| Stockholders' EquityBook value | — | $-92.1M |
| Total Assets | $1.3B | $516.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $561.1M | — | ||
| Q3 25 | $628.6M | — | ||
| Q2 25 | $499.4M | — | ||
| Q1 25 | $592.4M | — | ||
| Q3 24 | $517.4M | — |
| Q1 26 | — | — | ||
| Q3 25 | — | $402.8M | ||
| Q2 25 | — | $411.3M | ||
| Q1 25 | — | $413.0M | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | $-92.1M | ||
| Q2 25 | — | $-78.6M | ||
| Q1 25 | — | $-101.9M | ||
| Q3 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q3 25 | $1.3B | $516.8M | ||
| Q2 25 | $1.2B | $535.1M | ||
| Q1 25 | $1.2B | $544.2M | ||
| Q3 24 | $926.8M | — |
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 | — | $-5.9M |
| Free Cash FlowOCF − Capex | — | $-7.4M |
| FCF MarginFCF / Revenue | — | -9.0% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q3 25 | — | $-5.9M | ||
| Q2 25 | — | $-8.8M | ||
| Q1 25 | — | $-5.7M | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | $-7.4M | ||
| Q2 25 | — | $-10.6M | ||
| Q1 25 | — | $-9.7M | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | -9.0% | ||
| Q2 25 | — | -12.1% | ||
| Q1 25 | — | -11.2% | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 2.1% | ||
| Q1 25 | — | 4.6% | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
