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Side-by-side financial comparison of Nutex Health, Inc. (NUTX) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $151.7M, roughly 1.4× Nutex Health, Inc.). Nutex Health, Inc. runs the higher net margin — 7.8% vs -3.1%, a 10.9% gap on every dollar of revenue. On growth, ONE Group Hospitality, Inc. posted the faster year-over-year revenue change (-6.7% vs -41.1%). Nutex Health, Inc. produced more free cash flow last quarter ($69.0M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs 50.0%).
Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.
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.
NUTX vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $151.7M | $207.0M |
| Net Profit | $11.8M | $-6.4M |
| Gross Margin | 30.4% | — |
| Operating Margin | 20.4% | 2.2% |
| Net Margin | 7.8% | -3.1% |
| Revenue YoY | -41.1% | -6.7% |
| Net Profit YoY | -80.8% | -531.8% |
| EPS (diluted) | $2.34 | $-0.50 |
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 | $151.7M | $207.0M | ||
| Q3 25 | $267.8M | $180.2M | ||
| Q2 25 | $244.0M | $207.4M | ||
| Q1 25 | $211.8M | $211.1M | ||
| Q4 24 | $257.6M | $221.9M | ||
| Q3 24 | $78.8M | $194.0M | ||
| Q2 24 | $76.1M | $172.5M | ||
| Q1 24 | $67.5M | $85.0M |
| Q4 25 | $11.8M | $-6.4M | ||
| Q3 25 | $55.4M | $-76.7M | ||
| Q2 25 | $-17.7M | $-10.1M | ||
| Q1 25 | $21.2M | $975.0K | ||
| Q4 24 | $61.6M | $1.5M | ||
| Q3 24 | $-8.8M | $-9.3M | ||
| Q2 24 | $-364.0K | $-7.3M | ||
| Q1 24 | $-364.0K | $-2.1M |
| Q4 25 | 30.4% | — | ||
| Q3 25 | 57.8% | — | ||
| Q2 25 | 51.2% | — | ||
| Q1 25 | 55.9% | — | ||
| Q4 24 | 55.0% | — | ||
| Q3 24 | 27.8% | — | ||
| Q2 24 | 29.7% | — | ||
| Q1 24 | 15.1% | — |
| Q4 25 | 20.4% | 2.2% | ||
| Q3 25 | 48.7% | -4.4% | ||
| Q2 25 | 13.8% | 0.3% | ||
| Q1 25 | 38.1% | 5.1% | ||
| Q4 24 | 44.4% | 5.5% | ||
| Q3 24 | 12.3% | -1.9% | ||
| Q2 24 | 7.0% | 0.6% | ||
| Q1 24 | 2.1% | -0.7% |
| Q4 25 | 7.8% | -3.1% | ||
| Q3 25 | 20.7% | -42.6% | ||
| Q2 25 | -7.3% | -4.9% | ||
| Q1 25 | 10.0% | 0.5% | ||
| Q4 24 | 23.9% | 0.7% | ||
| Q3 24 | -11.2% | -4.8% | ||
| Q2 24 | -0.5% | -4.3% | ||
| Q1 24 | -0.5% | -2.4% |
| Q4 25 | $2.34 | $-0.50 | ||
| Q3 25 | $7.76 | $-2.75 | ||
| Q2 25 | $-2.95 | $-0.59 | ||
| Q1 25 | $3.33 | $-0.21 | ||
| Q4 24 | $11.56 | $-0.18 | ||
| Q3 24 | $-1.72 | $-0.53 | ||
| Q2 24 | $-0.07 | $-0.38 | ||
| Q1 24 | $-0.08 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $185.6M | $4.2M |
| Total DebtLower is stronger | — | $354.2M |
| Stockholders' EquityBook value | $329.4M | $-75.8M |
| Total Assets | $918.5M | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $185.6M | $4.2M | ||
| Q3 25 | $166.0M | $5.5M | ||
| Q2 25 | $96.7M | $4.7M | ||
| Q1 25 | $84.7M | $21.4M | ||
| Q4 24 | $40.6M | $27.6M | ||
| Q3 24 | $46.9M | $28.2M | ||
| Q2 24 | $40.8M | $32.2M | ||
| Q1 24 | $30.0M | $15.4M |
| Q4 25 | — | $354.2M | ||
| Q3 25 | — | $355.0M | ||
| Q2 25 | — | $347.4M | ||
| Q1 25 | — | $348.3M | ||
| Q4 24 | — | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | $329.4M | $-75.8M | ||
| Q3 25 | $317.2M | $-61.5M | ||
| Q2 25 | $235.3M | $23.0M | ||
| Q1 25 | $176.9M | $40.5M | ||
| Q4 24 | $132.4M | $45.9M | ||
| Q3 24 | $60.4M | $51.4M | ||
| Q2 24 | $62.7M | $68.1M | ||
| Q1 24 | $63.0M | $68.3M |
| Q4 25 | $918.5M | $884.2M | ||
| Q3 25 | $964.5M | $879.5M | ||
| Q2 25 | $841.0M | $935.7M | ||
| Q1 25 | $761.9M | $956.0M | ||
| Q4 24 | $655.3M | $960.1M | ||
| Q3 24 | $438.5M | $953.5M | ||
| Q2 24 | $422.4M | $945.9M | ||
| Q1 24 | $404.3M | $309.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $70.4M | $13.1M |
| Free Cash FlowOCF − Capex | $69.0M | $-329.0K |
| FCF MarginFCF / Revenue | 45.5% | -0.2% |
| Capex IntensityCapex / Revenue | 0.9% | 6.5% |
| Cash ConversionOCF / Net Profit | 5.95× | — |
| TTM Free Cash FlowTrailing 4 quarters | $245.6M | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.4M | $13.1M | ||
| Q3 25 | $99.5M | $5.9M | ||
| Q2 25 | $27.3M | $2.8M | ||
| Q1 25 | $51.0M | $8.5M | ||
| Q4 24 | $54.0K | $18.5M | ||
| Q3 24 | $6.8M | $19.1M | ||
| Q2 24 | $13.3M | $-3.8M | ||
| Q1 24 | $3.1M | $10.4M |
| Q4 25 | $69.0M | $-329.0K | ||
| Q3 25 | $99.2M | $-6.1M | ||
| Q2 25 | $26.5M | $-15.0M | ||
| Q1 25 | $50.9M | $-5.8M | ||
| Q4 24 | $-341.0K | $733.0K | ||
| Q3 24 | $6.2M | $287.0K | ||
| Q2 24 | $12.7M | $-23.0M | ||
| Q1 24 | $2.3M | $-5.4M |
| Q4 25 | 45.5% | -0.2% | ||
| Q3 25 | 37.0% | -3.4% | ||
| Q2 25 | 10.9% | -7.2% | ||
| Q1 25 | 24.0% | -2.7% | ||
| Q4 24 | -0.1% | 0.3% | ||
| Q3 24 | 7.8% | 0.1% | ||
| Q2 24 | 16.7% | -13.3% | ||
| Q1 24 | 3.4% | -6.4% |
| Q4 25 | 0.9% | 6.5% | ||
| Q3 25 | 0.1% | 6.7% | ||
| Q2 25 | 0.3% | 8.6% | ||
| Q1 25 | 0.0% | 6.8% | ||
| Q4 24 | 0.2% | 8.0% | ||
| Q3 24 | 0.8% | 9.7% | ||
| Q2 24 | 0.7% | 11.1% | ||
| Q1 24 | 1.1% | 18.6% |
| Q4 25 | 5.95× | — | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 2.40× | 8.76× | ||
| Q4 24 | 0.00× | 12.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NUTX
| Hospital Division | $143.7M | 95% |
| Population Health Management Division | $8.0M | 5% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
