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Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) and Wingstop Inc. (WING). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $183.7M, roughly 1.1× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 2.7%, a 13.6% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 7.4%). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs 8.6%).
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
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.
IRTC vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $183.7M |
| Net Profit | $5.6M | $29.9M |
| Gross Margin | 70.9% | 86.5% |
| Operating Margin | 1.1% | 27.4% |
| Net Margin | 2.7% | 16.3% |
| Revenue YoY | 27.1% | 7.4% |
| Net Profit YoY | 518.5% | — |
| EPS (diluted) | $0.18 | $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 | $208.9M | $175.7M | ||
| Q3 25 | $192.9M | $175.7M | ||
| Q2 25 | $186.7M | $174.3M | ||
| Q1 25 | $158.7M | $171.1M | ||
| Q4 24 | $164.3M | $161.8M | ||
| Q3 24 | $147.5M | $162.5M | ||
| Q2 24 | $148.0M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $5.6M | $26.8M | ||
| Q3 25 | $-5.2M | $28.5M | ||
| Q2 25 | $-14.2M | $26.8M | ||
| Q1 25 | $-30.7M | $92.3M | ||
| Q4 24 | $-1.3M | $26.8M | ||
| Q3 24 | $-46.2M | $25.7M | ||
| Q2 24 | $-20.1M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 70.9% | — | ||
| Q3 25 | 71.1% | — | ||
| Q2 25 | 71.2% | — | ||
| Q1 25 | 68.8% | — | ||
| Q4 24 | 70.0% | 85.6% | ||
| Q3 24 | 68.8% | 85.0% | ||
| Q2 24 | 69.9% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 1.1% | 26.7% | ||
| Q3 25 | -4.4% | 27.9% | ||
| Q2 25 | -10.0% | 25.9% | ||
| Q1 25 | -20.5% | 22.4% | ||
| Q4 24 | -2.5% | 25.9% | ||
| Q3 24 | -34.1% | 24.5% | ||
| Q2 24 | -15.5% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 2.7% | 15.2% | ||
| Q3 25 | -2.7% | 16.2% | ||
| Q2 25 | -7.6% | 15.4% | ||
| Q1 25 | -19.3% | 53.9% | ||
| Q4 24 | -0.8% | 16.5% | ||
| Q3 24 | -31.3% | 15.8% | ||
| Q2 24 | -13.6% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.18 | $0.99 | ||
| Q3 25 | $-0.16 | $1.02 | ||
| Q2 25 | $-0.44 | $0.96 | ||
| Q1 25 | $-0.97 | $3.24 | ||
| Q4 24 | $-0.03 | $0.91 | ||
| Q3 24 | $-1.48 | $0.88 | ||
| Q2 24 | $-0.65 | $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 | $583.8M | $128.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $152.7M | — |
| Total Assets | $1.0B | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $583.8M | $196.6M | ||
| Q3 25 | $565.2M | $237.6M | ||
| Q2 25 | $545.5M | $227.9M | ||
| Q1 25 | $520.6M | $251.4M | ||
| Q4 24 | $535.6M | $315.9M | ||
| Q3 24 | $522.0M | $84.0M | ||
| Q2 24 | $561.5M | $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 | $152.7M | $-736.8M | ||
| Q3 25 | $121.9M | $-702.6M | ||
| Q2 25 | $103.7M | $-686.0M | ||
| Q1 25 | $86.7M | $-715.0M | ||
| Q4 24 | $90.9M | $-675.6M | ||
| Q3 24 | $71.8M | $-447.5M | ||
| Q2 24 | $99.2M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $1.0B | $693.4M | ||
| Q3 25 | $995.2M | $721.0M | ||
| Q2 25 | $964.0M | $708.3M | ||
| Q1 25 | $926.1M | $696.8M | ||
| Q4 24 | $931.4M | $716.2M | ||
| Q3 24 | $909.7M | $484.8M | ||
| Q2 24 | $919.2M | $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 | $26.2M | — |
| Free Cash FlowOCF − Capex | $14.5M | — |
| FCF MarginFCF / Revenue | 6.9% | — |
| Capex IntensityCapex / Revenue | 5.6% | — |
| Cash ConversionOCF / Net Profit | 4.70× | — |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.2M | $57.3M | ||
| Q3 25 | $34.9M | $63.9M | ||
| Q2 25 | $27.7M | $6.6M | ||
| Q1 25 | $-7.9M | $25.3M | ||
| Q4 24 | $19.2M | $7.7M | ||
| Q3 24 | $24.3M | $69.0M | ||
| Q2 24 | $11.8M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $14.5M | $34.5M | ||
| Q3 25 | $20.1M | $61.7M | ||
| Q2 25 | $17.3M | $-7.8M | ||
| Q1 25 | $-17.3M | $17.3M | ||
| Q4 24 | $12.4M | $-8.6M | ||
| Q3 24 | $15.5M | $54.9M | ||
| Q2 24 | $3.4M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 19.6% | ||
| Q3 25 | 10.4% | 35.1% | ||
| Q2 25 | 9.3% | -4.5% | ||
| Q1 25 | -10.9% | 10.1% | ||
| Q4 24 | 7.5% | -5.3% | ||
| Q3 24 | 10.5% | 33.8% | ||
| Q2 24 | 2.3% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 13.0% | ||
| Q3 25 | 7.7% | 1.3% | ||
| Q2 25 | 5.6% | 8.2% | ||
| Q1 25 | 5.9% | 4.7% | ||
| Q4 24 | 4.2% | 10.1% | ||
| Q3 24 | 6.0% | 8.7% | ||
| Q2 24 | 5.7% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.70× | 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
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
