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Side-by-side financial comparison of JFrog Ltd (FROG) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $145.3M, roughly 1.3× JFrog Ltd). Wingstop Inc. runs the higher net margin — 16.3% vs -10.5%, a 26.7% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 7.4%). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 8.6%).
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.
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.
FROG vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $183.7M |
| Net Profit | $-15.2M | $29.9M |
| Gross Margin | 77.9% | 86.5% |
| Operating Margin | -14.7% | 27.4% |
| Net Margin | -10.5% | 16.3% |
| Revenue YoY | 25.2% | 7.4% |
| Net Profit YoY | 34.4% | — |
| EPS (diluted) | $-0.13 | $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 | $145.3M | $175.7M | ||
| Q3 25 | $136.9M | $175.7M | ||
| Q2 25 | $127.2M | $174.3M | ||
| Q1 25 | $122.4M | $171.1M | ||
| Q4 24 | $116.1M | $161.8M | ||
| Q3 24 | $109.1M | $162.5M | ||
| Q2 24 | $103.0M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $-15.2M | $26.8M | ||
| Q3 25 | $-16.4M | $28.5M | ||
| Q2 25 | $-21.7M | $26.8M | ||
| Q1 25 | $-18.5M | $92.3M | ||
| Q4 24 | $-23.2M | $26.8M | ||
| Q3 24 | $-22.9M | $25.7M | ||
| Q2 24 | $-14.3M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 77.9% | — | ||
| Q3 25 | 77.4% | — | ||
| Q2 25 | 76.3% | — | ||
| Q1 25 | 75.3% | — | ||
| Q4 24 | 75.4% | 85.6% | ||
| Q3 24 | 75.0% | 85.0% | ||
| Q2 24 | 78.8% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | -14.7% | 26.7% | ||
| Q3 25 | -15.8% | 27.9% | ||
| Q2 25 | -20.4% | 25.9% | ||
| Q1 25 | -18.8% | 22.4% | ||
| Q4 24 | -21.9% | 25.9% | ||
| Q3 24 | -27.4% | 24.5% | ||
| Q2 24 | -18.6% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | -10.5% | 15.2% | ||
| Q3 25 | -12.0% | 16.2% | ||
| Q2 25 | -17.0% | 15.4% | ||
| Q1 25 | -15.1% | 53.9% | ||
| Q4 24 | -20.0% | 16.5% | ||
| Q3 24 | -21.0% | 15.8% | ||
| Q2 24 | -13.9% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $-0.13 | $0.99 | ||
| Q3 25 | $-0.14 | $1.02 | ||
| Q2 25 | $-0.19 | $0.96 | ||
| Q1 25 | $-0.16 | $3.24 | ||
| Q4 24 | $-0.21 | $0.91 | ||
| Q3 24 | $-0.21 | $0.88 | ||
| Q2 24 | $-0.13 | $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 | $704.4M | $128.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | — |
| Total Assets | $1.3B | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $704.4M | $196.6M | ||
| Q3 25 | $651.1M | $237.6M | ||
| Q2 25 | $611.7M | $227.9M | ||
| Q1 25 | $563.5M | $251.4M | ||
| Q4 24 | $522.0M | $315.9M | ||
| Q3 24 | $467.8M | $84.0M | ||
| Q2 24 | $591.3M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $887.4M | $-736.8M | ||
| Q3 25 | $859.4M | $-702.6M | ||
| Q2 25 | $826.5M | $-686.0M | ||
| Q1 25 | $800.0M | $-715.0M | ||
| Q4 24 | $773.5M | $-675.6M | ||
| Q3 24 | $756.2M | $-447.5M | ||
| Q2 24 | $721.4M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $1.3B | $693.4M | ||
| Q3 25 | $1.3B | $721.0M | ||
| Q2 25 | $1.2B | $708.3M | ||
| Q1 25 | $1.2B | $696.8M | ||
| Q4 24 | $1.1B | $716.2M | ||
| Q3 24 | $1.1B | $484.8M | ||
| Q2 24 | $1.0B | $451.8M |
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 | $50.7M | — |
| Free Cash FlowOCF − Capex | $49.9M | — |
| FCF MarginFCF / Revenue | 34.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $50.7M | $57.3M | ||
| Q3 25 | $30.2M | $63.9M | ||
| Q2 25 | $36.1M | $6.6M | ||
| Q1 25 | $28.8M | $25.3M | ||
| Q4 24 | $49.1M | $7.7M | ||
| Q3 24 | $27.6M | $69.0M | ||
| Q2 24 | $16.7M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $49.9M | $34.5M | ||
| Q3 25 | $28.8M | $61.7M | ||
| Q2 25 | $35.5M | $-7.8M | ||
| Q1 25 | $28.1M | $17.3M | ||
| Q4 24 | $48.5M | $-8.6M | ||
| Q3 24 | $26.7M | $54.9M | ||
| Q2 24 | $16.0M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 34.3% | 19.6% | ||
| Q3 25 | 21.0% | 35.1% | ||
| Q2 25 | 27.9% | -4.5% | ||
| Q1 25 | 23.0% | 10.1% | ||
| Q4 24 | 41.8% | -5.3% | ||
| Q3 24 | 24.5% | 33.8% | ||
| Q2 24 | 15.5% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 13.0% | ||
| Q3 25 | 1.0% | 1.3% | ||
| Q2 25 | 0.5% | 8.2% | ||
| Q1 25 | 0.5% | 4.7% | ||
| Q4 24 | 0.5% | 10.1% | ||
| Q3 24 | 0.9% | 8.7% | ||
| Q2 24 | 0.7% | 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
FROG
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% |
