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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) and Wendy's Co (WEN). Click either name above to swap in a different company.
Wendy's Co is the larger business by last-quarter revenue ($543.0M vs $300.5M, roughly 1.8× Hilltop Holdings Inc.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 4.9%, a 8.1% gap on every dollar of revenue. Over the past eight quarters, Wendy's Co's revenue compounded faster (0.8% CAGR vs 0.6%).
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is headquartered in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
HTH vs WEN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $300.5M | $543.0M |
| Net Profit | $39.0M | $26.5M |
| Gross Margin | — | 62.7% |
| Operating Margin | — | 11.8% |
| Net Margin | 13.0% | 4.9% |
| Revenue YoY | — | -5.5% |
| Net Profit YoY | -12.4% | -44.2% |
| EPS (diluted) | $0.64 | $0.14 |
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 | $300.5M | — | ||
| Q4 25 | $329.9M | $543.0M | ||
| Q3 25 | $330.2M | $549.5M | ||
| Q2 25 | $303.3M | $560.9M | ||
| Q1 25 | $318.5M | $523.5M | ||
| Q4 24 | $301.1M | $574.3M | ||
| Q3 24 | $305.5M | $566.7M | ||
| Q2 24 | $297.0M | $570.7M |
| Q1 26 | $39.0M | — | ||
| Q4 25 | $41.6M | $26.5M | ||
| Q3 25 | $45.8M | $44.3M | ||
| Q2 25 | $36.1M | $55.1M | ||
| Q1 25 | $42.1M | $39.2M | ||
| Q4 24 | $35.5M | $47.5M | ||
| Q3 24 | $29.7M | $50.2M | ||
| Q2 24 | $20.3M | $54.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 62.7% | ||
| Q3 25 | — | 62.8% | ||
| Q2 25 | — | 65.0% | ||
| Q1 25 | — | 64.1% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 65.5% | ||
| Q2 24 | — | 65.0% |
| Q1 26 | — | — | ||
| Q4 25 | 16.1% | 11.8% | ||
| Q3 25 | 18.4% | 16.8% | ||
| Q2 25 | 16.3% | 18.6% | ||
| Q1 25 | 18.1% | 15.9% | ||
| Q4 24 | 14.7% | 16.7% | ||
| Q3 24 | 13.9% | 16.7% | ||
| Q2 24 | 10.0% | 17.4% |
| Q1 26 | 13.0% | — | ||
| Q4 25 | 12.6% | 4.9% | ||
| Q3 25 | 13.9% | 8.1% | ||
| Q2 25 | 11.9% | 9.8% | ||
| Q1 25 | 13.2% | 7.5% | ||
| Q4 24 | 11.8% | 8.3% | ||
| Q3 24 | 9.7% | 8.9% | ||
| Q2 24 | 6.8% | 9.6% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.68 | $0.14 | ||
| Q3 25 | $0.74 | $0.23 | ||
| Q2 25 | $0.57 | $0.29 | ||
| Q1 25 | $0.65 | $0.19 | ||
| Q4 24 | $0.55 | $0.23 | ||
| Q3 24 | $0.46 | $0.25 | ||
| Q2 24 | $0.31 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $300.8M |
| Total DebtLower is stronger | $990.8M | $2.8B |
| Stockholders' EquityBook value | $2.2B | $117.4M |
| Total Assets | $15.7B | $5.0B |
| Debt / EquityLower = less leverage | 0.46× | 23.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $300.8M | ||
| Q3 25 | — | $291.4M | ||
| Q2 25 | — | $281.2M | ||
| Q1 25 | — | $335.3M | ||
| Q4 24 | — | $450.5M | ||
| Q3 24 | — | $482.2M | ||
| Q2 24 | — | $465.5M |
| Q1 26 | $990.8M | — | ||
| Q4 25 | — | $2.8B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.7B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.2B | — | ||
| Q4 25 | $2.2B | $117.4M | ||
| Q3 25 | $2.2B | $109.2M | ||
| Q2 25 | $2.2B | $112.9M | ||
| Q1 25 | $2.2B | $130.2M | ||
| Q4 24 | $2.2B | $259.4M | ||
| Q3 24 | $2.2B | $259.9M | ||
| Q2 24 | $2.1B | $273.8M |
| Q1 26 | $15.7B | — | ||
| Q4 25 | $15.8B | $5.0B | ||
| Q3 25 | $15.6B | $5.0B | ||
| Q2 25 | $15.4B | $4.9B | ||
| Q1 25 | $15.8B | $4.9B | ||
| Q4 24 | $16.3B | $5.0B | ||
| Q3 24 | $15.9B | $5.1B | ||
| Q2 24 | $15.6B | $5.1B |
| Q1 26 | 0.46× | — | ||
| Q4 25 | — | 23.51× | ||
| Q3 25 | — | 24.95× | ||
| Q2 25 | — | 24.18× | ||
| Q1 25 | — | 21.00× | ||
| Q4 24 | — | 10.57× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $69.3M |
| Free Cash FlowOCF − Capex | — | $31.4M |
| FCF MarginFCF / Revenue | — | 5.8% |
| Capex IntensityCapex / Revenue | — | 7.0% |
| Cash ConversionOCF / Net Profit | — | 2.62× |
| TTM Free Cash FlowTrailing 4 quarters | — | $242.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-38.7M | $69.3M | ||
| Q3 25 | $273.0M | $129.3M | ||
| Q2 25 | $-234.6M | $60.6M | ||
| Q1 25 | $5.8M | $85.4M | ||
| Q4 24 | $273.9M | $68.6M | ||
| Q3 24 | $515.6M | $141.2M | ||
| Q2 24 | $-435.3M | $45.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-55.5M | $31.4M | ||
| Q3 25 | $271.0M | $104.3M | ||
| Q2 25 | $-234.6M | $39.2M | ||
| Q1 25 | $5.0M | $67.7M | ||
| Q4 24 | $266.8M | $26.6M | ||
| Q3 24 | $513.8M | $123.3M | ||
| Q2 24 | $-437.3M | $28.4M |
| Q1 26 | — | — | ||
| Q4 25 | -16.8% | 5.8% | ||
| Q3 25 | 82.1% | 19.0% | ||
| Q2 25 | -77.4% | 7.0% | ||
| Q1 25 | 1.6% | 12.9% | ||
| Q4 24 | 88.6% | 4.6% | ||
| Q3 24 | 168.2% | 21.8% | ||
| Q2 24 | -147.2% | 5.0% |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 7.0% | ||
| Q3 25 | 0.6% | 4.5% | ||
| Q2 25 | 0.0% | 3.8% | ||
| Q1 25 | 0.3% | 3.4% | ||
| Q4 24 | 2.4% | 7.3% | ||
| Q3 24 | 0.6% | 3.2% | ||
| Q2 24 | 0.7% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | -0.93× | 2.62× | ||
| Q3 25 | 5.96× | 2.92× | ||
| Q2 25 | -6.50× | 1.10× | ||
| Q1 25 | 0.14× | 2.18× | ||
| Q4 24 | 7.71× | 1.44× | ||
| Q3 24 | 17.36× | 2.81× | ||
| Q2 24 | -21.41× | 0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
WEN
| Franchise Royalty Revenueand Fees | $149.3M | 27% |
| Royalty | $103.6M | 19% |
| Advertising | $103.3M | 19% |
| Global Real Estate Development | $60.5M | 11% |
| Real Estate | $59.5M | 11% |
| Wendys International | $39.5M | 7% |
| Franchise | $21.5M | 4% |
