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Side-by-side financial comparison of OIL STATES INTERNATIONAL, INC (OIS) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $178.5M, roughly 1.0× OIL STATES INTERNATIONAL, INC). Wingstop Inc. runs the higher net margin — 16.3% vs -65.7%, a 82.0% gap on every dollar of revenue. On growth, OIL STATES INTERNATIONAL, INC posted the faster year-over-year revenue change (8.4% vs 7.4%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs 3.3%).
Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.
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.
OIS vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $178.5M | $183.7M |
| Net Profit | $-117.2M | $29.9M |
| Gross Margin | 10.9% | 86.5% |
| Operating Margin | -63.7% | 27.4% |
| Net Margin | -65.7% | 16.3% |
| Revenue YoY | 8.4% | 7.4% |
| Net Profit YoY | -873.2% | — |
| EPS (diluted) | $-1.99 | $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 | $178.5M | $175.7M | ||
| Q3 25 | $165.2M | $175.7M | ||
| Q2 25 | $165.4M | $174.3M | ||
| Q1 25 | $159.9M | $171.1M | ||
| Q4 24 | $164.6M | $161.8M | ||
| Q3 24 | $174.3M | $162.5M | ||
| Q2 24 | $186.4M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $-117.2M | $26.8M | ||
| Q3 25 | $1.9M | $28.5M | ||
| Q2 25 | $2.8M | $26.8M | ||
| Q1 25 | $3.2M | $92.3M | ||
| Q4 24 | $15.2M | $26.8M | ||
| Q3 24 | $-14.3M | $25.7M | ||
| Q2 24 | $1.3M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 10.9% | — | ||
| Q3 25 | 22.1% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 23.3% | — | ||
| Q4 24 | 23.7% | 85.6% | ||
| Q3 24 | 21.7% | 85.0% | ||
| Q2 24 | 23.8% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | -63.7% | 26.7% | ||
| Q3 25 | 2.9% | 27.9% | ||
| Q2 25 | 3.2% | 25.9% | ||
| Q1 25 | 3.5% | 22.4% | ||
| Q4 24 | 11.2% | 25.9% | ||
| Q3 24 | -6.3% | 24.5% | ||
| Q2 24 | 1.1% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | -65.7% | 15.2% | ||
| Q3 25 | 1.2% | 16.2% | ||
| Q2 25 | 1.7% | 15.4% | ||
| Q1 25 | 2.0% | 53.9% | ||
| Q4 24 | 9.2% | 16.5% | ||
| Q3 24 | -8.2% | 15.8% | ||
| Q2 24 | 0.7% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $-1.99 | $0.99 | ||
| Q3 25 | $0.03 | $1.02 | ||
| Q2 25 | $0.05 | $0.96 | ||
| Q1 25 | $0.05 | $3.24 | ||
| Q4 24 | $0.24 | $0.91 | ||
| Q3 24 | $-0.23 | $0.88 | ||
| Q2 24 | $0.02 | $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 | $69.9M | $128.8M |
| Total DebtLower is stronger | $1.7M | — |
| Stockholders' EquityBook value | $573.2M | — |
| Total Assets | $883.4M | $648.9M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $69.9M | $196.6M | ||
| Q3 25 | $67.1M | $237.6M | ||
| Q2 25 | $53.9M | $227.9M | ||
| Q1 25 | $66.8M | $251.4M | ||
| Q4 24 | $65.4M | $315.9M | ||
| Q3 24 | $46.0M | $84.0M | ||
| Q2 24 | $25.2M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7M | $1.2B | ||
| Q3 25 | $1.9M | — | ||
| Q2 25 | $1.9M | — | ||
| Q1 25 | $124.7M | — | ||
| Q4 24 | $124.7M | $1.2B | ||
| Q3 24 | $124.6M | — | ||
| Q2 24 | $124.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $573.2M | $-736.8M | ||
| Q3 25 | $689.0M | $-702.6M | ||
| Q2 25 | $690.6M | $-686.0M | ||
| Q1 25 | $683.4M | $-715.0M | ||
| Q4 24 | $680.7M | $-675.6M | ||
| Q3 24 | $684.8M | $-447.5M | ||
| Q2 24 | $690.4M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $883.4M | $693.4M | ||
| Q3 25 | $1.0B | $721.0M | ||
| Q2 25 | $993.7M | $708.3M | ||
| Q1 25 | $990.7M | $696.8M | ||
| Q4 24 | $1.0B | $716.2M | ||
| Q3 24 | $994.1M | $484.8M | ||
| Q2 24 | $1.0B | $451.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.18× | — |
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 | $50.1M | — |
| Free Cash FlowOCF − Capex | $47.1M | — |
| FCF MarginFCF / Revenue | 26.4% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $73.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $50.1M | $57.3M | ||
| Q3 25 | $30.7M | $63.9M | ||
| Q2 25 | $15.0M | $6.6M | ||
| Q1 25 | $9.3M | $25.3M | ||
| Q4 24 | $18.2M | $7.7M | ||
| Q3 24 | $28.8M | $69.0M | ||
| Q2 24 | $10.2M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $47.1M | $34.5M | ||
| Q3 25 | $22.0M | $61.7M | ||
| Q2 25 | $4.7M | $-7.8M | ||
| Q1 25 | $137.0K | $17.3M | ||
| Q4 24 | $4.0M | $-8.6M | ||
| Q3 24 | $21.4M | $54.9M | ||
| Q2 24 | $4.5M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 26.4% | 19.6% | ||
| Q3 25 | 13.3% | 35.1% | ||
| Q2 25 | 2.8% | -4.5% | ||
| Q1 25 | 0.1% | 10.1% | ||
| Q4 24 | 2.4% | -5.3% | ||
| Q3 24 | 12.3% | 33.8% | ||
| Q2 24 | 2.4% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 13.0% | ||
| Q3 25 | 5.3% | 1.3% | ||
| Q2 25 | 6.2% | 8.2% | ||
| Q1 25 | 5.7% | 4.7% | ||
| Q4 24 | 8.6% | 10.1% | ||
| Q3 24 | 4.3% | 8.7% | ||
| Q2 24 | 3.1% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | 16.15× | 2.24× | ||
| Q2 25 | 5.33× | 0.25× | ||
| Q1 25 | 2.94× | 0.27× | ||
| Q4 24 | 1.20× | 0.29× | ||
| Q3 24 | — | 2.68× | ||
| Q2 24 | 7.87× | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OIS
| Project Driven | $112.6M | 63% |
| Downhole Technologies | $32.1M | 18% |
| Completion And Production Services | $23.1M | 13% |
| Military And Other Products | $10.7M | 6% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
