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Side-by-side financial comparison of Nayax Ltd. (NYAX) 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 $78.1M, roughly 1.1× Nayax Ltd.). Nayax Ltd. runs the higher net margin — -3.9% vs -29.7%, a 25.9% gap on every dollar of revenue.

Nayax Ltd. is a global fintech company that offers cashless, telemetry, management, monitoring, and business intelligence (BI) products and services for the vending, unattended, and other retail industries.

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.

NYAX vs TWNP — Head-to-Head

Bigger by revenue
TWNP
TWNP
1.1× larger
TWNP
$82.3M
$78.1M
NYAX
Higher net margin
NYAX
NYAX
25.9% more per $
NYAX
-3.9%
-29.7%
TWNP

Income Statement — Q2 FY2024 vs Q3 FY2025

Metric
NYAX
NYAX
TWNP
TWNP
Revenue
$78.1M
$82.3M
Net Profit
$-3.0M
$-24.5M
Gross Margin
44.3%
Operating Margin
1.2%
-16.2%
Net Margin
-3.9%
-29.7%
Revenue YoY
39.0%
Net Profit YoY
24.2%
EPS (diluted)
$-0.08
$-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.

Revenue
NYAX
NYAX
TWNP
TWNP
Q3 25
$82.3M
Q2 25
$87.8M
Q1 25
$87.1M
Q2 24
$78.1M
Q2 23
$56.2M
Net Profit
NYAX
NYAX
TWNP
TWNP
Q3 25
$-24.5M
Q2 25
$-20.8M
Q1 25
$-12.1M
Q2 24
$-3.0M
Q2 23
$-4.0M
Gross Margin
NYAX
NYAX
TWNP
TWNP
Q3 25
Q2 25
Q1 25
Q2 24
44.3%
Q2 23
37.1%
Operating Margin
NYAX
NYAX
TWNP
TWNP
Q3 25
-16.2%
Q2 25
-13.2%
Q1 25
-1.2%
Q2 24
1.2%
Q2 23
-6.6%
Net Margin
NYAX
NYAX
TWNP
TWNP
Q3 25
-29.7%
Q2 25
-23.7%
Q1 25
-13.9%
Q2 24
-3.9%
Q2 23
-7.1%
EPS (diluted)
NYAX
NYAX
TWNP
TWNP
Q3 25
$-0.43
Q2 25
$-0.38
Q1 25
$-0.26
Q2 24
$-0.08
Q2 23
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NYAX
NYAX
TWNP
TWNP
Cash + ST InvestmentsLiquidity on hand
$61.9M
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$158.7M
$-92.1M
Total Assets
$434.7M
$516.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NYAX
NYAX
TWNP
TWNP
Q3 25
Q2 25
Q1 25
Q2 24
$61.9M
Q2 23
$31.1M
Total Debt
NYAX
NYAX
TWNP
TWNP
Q3 25
$402.8M
Q2 25
$411.3M
Q1 25
$413.0M
Q2 24
Q2 23
Stockholders' Equity
NYAX
NYAX
TWNP
TWNP
Q3 25
$-92.1M
Q2 25
$-78.6M
Q1 25
$-101.9M
Q2 24
$158.7M
Q2 23
$100.0M
Total Assets
NYAX
NYAX
TWNP
TWNP
Q3 25
$516.8M
Q2 25
$535.1M
Q1 25
$544.2M
Q2 24
$434.7M
Q2 23
$261.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NYAX
NYAX
TWNP
TWNP
Operating Cash FlowLast quarter
$9.2M
$-5.9M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-9.0%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NYAX
NYAX
TWNP
TWNP
Q3 25
$-5.9M
Q2 25
$-8.8M
Q1 25
$-5.7M
Q2 24
$9.2M
Q2 23
$-1.7M
Free Cash Flow
NYAX
NYAX
TWNP
TWNP
Q3 25
$-7.4M
Q2 25
$-10.6M
Q1 25
$-9.7M
Q2 24
Q2 23
FCF Margin
NYAX
NYAX
TWNP
TWNP
Q3 25
-9.0%
Q2 25
-12.1%
Q1 25
-11.2%
Q2 24
Q2 23
Capex Intensity
NYAX
NYAX
TWNP
TWNP
Q3 25
1.9%
Q2 25
2.1%
Q1 25
4.6%
Q2 24
Q2 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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