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Side-by-side financial comparison of JFrog Ltd (FROG) and Twin Hospitality Group Inc. (TWNP). Click either name above to swap in a different company.
JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $82.3M, roughly 1.8× Twin Hospitality Group Inc.). JFrog Ltd runs the higher net margin — -10.5% vs -29.7%, a 19.3% gap on every dollar of revenue. JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-7.4M).
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
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.
FROG vs TWNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $82.3M |
| Net Profit | $-15.2M | $-24.5M |
| Gross Margin | 77.9% | — |
| Operating Margin | -14.7% | -16.2% |
| Net Margin | -10.5% | -29.7% |
| Revenue YoY | 25.2% | — |
| Net Profit YoY | 34.4% | — |
| EPS (diluted) | $-0.13 | $-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 | $145.3M | — | ||
| Q3 25 | $136.9M | $82.3M | ||
| Q2 25 | $127.2M | $87.8M | ||
| Q1 25 | $122.4M | $87.1M | ||
| Q4 24 | $116.1M | — | ||
| Q3 24 | $109.1M | — | ||
| Q2 24 | $103.0M | — | ||
| Q1 24 | $100.3M | — |
| Q4 25 | $-15.2M | — | ||
| Q3 25 | $-16.4M | $-24.5M | ||
| Q2 25 | $-21.7M | $-20.8M | ||
| Q1 25 | $-18.5M | $-12.1M | ||
| Q4 24 | $-23.2M | — | ||
| Q3 24 | $-22.9M | — | ||
| Q2 24 | $-14.3M | — | ||
| Q1 24 | $-8.8M | — |
| Q4 25 | 77.9% | — | ||
| Q3 25 | 77.4% | — | ||
| Q2 25 | 76.3% | — | ||
| Q1 25 | 75.3% | — | ||
| Q4 24 | 75.4% | — | ||
| Q3 24 | 75.0% | — | ||
| Q2 24 | 78.8% | — | ||
| Q1 24 | 79.5% | — |
| Q4 25 | -14.7% | — | ||
| Q3 25 | -15.8% | -16.2% | ||
| Q2 25 | -20.4% | -13.2% | ||
| Q1 25 | -18.8% | -1.2% | ||
| Q4 24 | -21.9% | — | ||
| Q3 24 | -27.4% | — | ||
| Q2 24 | -18.6% | — | ||
| Q1 24 | -16.6% | — |
| Q4 25 | -10.5% | — | ||
| Q3 25 | -12.0% | -29.7% | ||
| Q2 25 | -17.0% | -23.7% | ||
| Q1 25 | -15.1% | -13.9% | ||
| Q4 24 | -20.0% | — | ||
| Q3 24 | -21.0% | — | ||
| Q2 24 | -13.9% | — | ||
| Q1 24 | -8.8% | — |
| Q4 25 | $-0.13 | — | ||
| Q3 25 | $-0.14 | $-0.43 | ||
| Q2 25 | $-0.19 | $-0.38 | ||
| Q1 25 | $-0.16 | $-0.26 | ||
| Q4 24 | $-0.21 | — | ||
| Q3 24 | $-0.21 | — | ||
| Q2 24 | $-0.13 | — | ||
| Q1 24 | $-0.08 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $704.4M | — |
| Total DebtLower is stronger | — | $402.8M |
| Stockholders' EquityBook value | $887.4M | $-92.1M |
| Total Assets | $1.3B | $516.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | — | ||
| Q3 25 | $651.1M | — | ||
| Q2 25 | $611.7M | — | ||
| Q1 25 | $563.5M | — | ||
| Q4 24 | $522.0M | — | ||
| Q3 24 | $467.8M | — | ||
| Q2 24 | $591.3M | — | ||
| Q1 24 | $579.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $402.8M | ||
| Q2 25 | — | $411.3M | ||
| Q1 25 | — | $413.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $887.4M | — | ||
| Q3 25 | $859.4M | $-92.1M | ||
| Q2 25 | $826.5M | $-78.6M | ||
| Q1 25 | $800.0M | $-101.9M | ||
| Q4 24 | $773.5M | — | ||
| Q3 24 | $756.2M | — | ||
| Q2 24 | $721.4M | — | ||
| Q1 24 | $707.8M | — |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.3B | $516.8M | ||
| Q2 25 | $1.2B | $535.1M | ||
| Q1 25 | $1.2B | $544.2M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $997.1M | — |
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 | $50.7M | $-5.9M |
| Free Cash FlowOCF − Capex | $49.9M | $-7.4M |
| FCF MarginFCF / Revenue | 34.3% | -9.0% |
| Capex IntensityCapex / Revenue | 0.6% | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | — | ||
| Q3 25 | $30.2M | $-5.9M | ||
| Q2 25 | $36.1M | $-8.8M | ||
| Q1 25 | $28.8M | $-5.7M | ||
| Q4 24 | $49.1M | — | ||
| Q3 24 | $27.6M | — | ||
| Q2 24 | $16.7M | — | ||
| Q1 24 | $17.5M | — |
| Q4 25 | $49.9M | — | ||
| Q3 25 | $28.8M | $-7.4M | ||
| Q2 25 | $35.5M | $-10.6M | ||
| Q1 25 | $28.1M | $-9.7M | ||
| Q4 24 | $48.5M | — | ||
| Q3 24 | $26.7M | — | ||
| Q2 24 | $16.0M | — | ||
| Q1 24 | $16.6M | — |
| Q4 25 | 34.3% | — | ||
| Q3 25 | 21.0% | -9.0% | ||
| Q2 25 | 27.9% | -12.1% | ||
| Q1 25 | 23.0% | -11.2% | ||
| Q4 24 | 41.8% | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 15.5% | — | ||
| Q1 24 | 16.6% | — |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 1.0% | 1.9% | ||
| Q2 25 | 0.5% | 2.1% | ||
| Q1 25 | 0.5% | 4.6% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.8% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
