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Side-by-side financial comparison of GRAIL, Inc. (GRAL) 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 $43.6M, roughly 1.9× GRAIL, Inc.). Twin Hospitality Group Inc. runs the higher net margin — -29.7% vs -227.5%, a 197.7% gap on every dollar of revenue. Twin Hospitality Group Inc. produced more free cash flow last quarter ($-7.4M vs $-63.9M).
GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.
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.
GRAL vs TWNP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $82.3M |
| Net Profit | $-99.2M | $-24.5M |
| Gross Margin | — | — |
| Operating Margin | -285.4% | -16.2% |
| Net Margin | -227.5% | -29.7% |
| Revenue YoY | 14.0% | — |
| Net Profit YoY | -2.2% | — |
| EPS (diluted) | $-2.37 | $-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 | $43.6M | — | ||
| Q3 25 | $36.2M | $82.3M | ||
| Q2 25 | $35.5M | $87.8M | ||
| Q1 25 | $31.8M | $87.1M | ||
| Q4 24 | $38.3M | — | ||
| Q3 24 | $28.7M | — | ||
| Q2 24 | $32.0M | — | ||
| Q1 24 | $26.7M | — |
| Q4 25 | $-99.2M | — | ||
| Q3 25 | $-89.0M | $-24.5M | ||
| Q2 25 | $-114.0M | $-20.8M | ||
| Q1 25 | $-106.2M | $-12.1M | ||
| Q4 24 | $-97.1M | — | ||
| Q3 24 | $-125.7M | — | ||
| Q2 24 | $-1.6B | — | ||
| Q1 24 | $-218.9M | — |
| Q4 25 | -285.4% | — | ||
| Q3 25 | -346.2% | -16.2% | ||
| Q2 25 | -446.9% | -13.2% | ||
| Q1 25 | -482.5% | -1.2% | ||
| Q4 24 | -358.0% | — | ||
| Q3 24 | -640.5% | — | ||
| Q2 24 | -5133.8% | — | ||
| Q1 24 | -851.1% | — |
| Q4 25 | -227.5% | — | ||
| Q3 25 | -245.8% | -29.7% | ||
| Q2 25 | -320.7% | -23.7% | ||
| Q1 25 | -333.6% | -13.9% | ||
| Q4 24 | -253.8% | — | ||
| Q3 24 | -438.7% | — | ||
| Q2 24 | -4958.8% | — | ||
| Q1 24 | -819.3% | — |
| Q4 25 | $-2.37 | — | ||
| Q3 25 | $-2.46 | $-0.43 | ||
| Q2 25 | $-3.18 | $-0.38 | ||
| Q1 25 | $-3.10 | $-0.26 | ||
| Q4 24 | $-1.49 | — | ||
| Q3 24 | $-3.94 | — | ||
| Q2 24 | $-51.06 | — | ||
| Q1 24 | $-7.05 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $249.7M | — |
| Total DebtLower is stronger | — | $402.8M |
| Stockholders' EquityBook value | $2.6B | $-92.1M |
| Total Assets | $2.9B | $516.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | — | ||
| Q3 25 | $126.9M | — | ||
| Q2 25 | $127.4M | — | ||
| Q1 25 | $133.9M | — | ||
| Q4 24 | $214.2M | — | ||
| Q3 24 | $853.6M | — | ||
| Q2 24 | $958.8M | — | ||
| Q1 24 | $199.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $402.8M | ||
| Q2 25 | — | $411.3M | ||
| Q1 25 | — | $413.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.2B | $-92.1M | ||
| Q2 25 | $2.3B | $-78.6M | ||
| Q1 25 | $2.4B | $-101.9M | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.6B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.6B | $516.8M | ||
| Q2 25 | $2.7B | $535.1M | ||
| Q1 25 | $2.8B | $544.2M | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.3B | — | ||
| Q1 24 | — | — |
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 | $-63.8M | $-5.9M |
| Free Cash FlowOCF − Capex | $-63.9M | $-7.4M |
| FCF MarginFCF / Revenue | -146.5% | -9.0% |
| Capex IntensityCapex / Revenue | 0.2% | 1.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | — | ||
| Q3 25 | $-63.2M | $-5.9M | ||
| Q2 25 | $-77.0M | $-8.8M | ||
| Q1 25 | $-95.0M | $-5.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-104.6M | — | ||
| Q2 24 | $-171.8M | — | ||
| Q1 24 | $-207.3M | — |
| Q4 25 | $-63.9M | — | ||
| Q3 25 | $-63.6M | $-7.4M | ||
| Q2 25 | $-77.3M | $-10.6M | ||
| Q1 25 | $-95.1M | $-9.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-105.6M | — | ||
| Q2 24 | $-173.2M | — | ||
| Q1 24 | $-209.8M | — |
| Q4 25 | -146.5% | — | ||
| Q3 25 | -175.8% | -9.0% | ||
| Q2 25 | -217.6% | -12.1% | ||
| Q1 25 | -298.6% | -11.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | -368.4% | — | ||
| Q2 24 | -541.7% | — | ||
| Q1 24 | -785.3% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 1.1% | 1.9% | ||
| Q2 25 | 1.0% | 2.1% | ||
| Q1 25 | 0.2% | 4.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 9.5% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
TWNP
Segment breakdown not available.
