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Side-by-side financial comparison of OLAPLEX HOLDINGS, INC. (OLPX) 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 $105.1M, roughly 1.7× OLAPLEX HOLDINGS, INC.). Wingstop Inc. runs the higher net margin — 16.3% vs -12.5%, a 28.7% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs 4.3%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs 3.1%).
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
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.
OLPX vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $105.1M | $183.7M |
| Net Profit | $-13.1M | $29.9M |
| Gross Margin | 68.0% | 86.5% |
| Operating Margin | -4.3% | 27.4% |
| Net Margin | -12.5% | 16.3% |
| Revenue YoY | 4.3% | 7.4% |
| Net Profit YoY | -48.9% | — |
| EPS (diluted) | $-0.02 | $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 | $105.1M | $175.7M | ||
| Q3 25 | $114.6M | $175.7M | ||
| Q2 25 | $106.3M | $174.3M | ||
| Q1 25 | $97.0M | $171.1M | ||
| Q4 24 | $100.7M | $161.8M | ||
| Q3 24 | $119.1M | $162.5M | ||
| Q2 24 | $103.9M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $-13.1M | $26.8M | ||
| Q3 25 | $11.1M | $28.5M | ||
| Q2 25 | $-7.7M | $26.8M | ||
| Q1 25 | $465.0K | $92.3M | ||
| Q4 24 | $-8.8M | $26.8M | ||
| Q3 24 | $14.8M | $25.7M | ||
| Q2 24 | $5.8M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 68.0% | — | ||
| Q3 25 | 69.1% | — | ||
| Q2 25 | 71.2% | — | ||
| Q1 25 | 69.5% | — | ||
| Q4 24 | 66.3% | 85.6% | ||
| Q3 24 | 68.6% | 85.0% | ||
| Q2 24 | 69.7% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | -4.3% | 26.7% | ||
| Q3 25 | 3.7% | 27.9% | ||
| Q2 25 | -1.1% | 25.9% | ||
| Q1 25 | 8.7% | 22.4% | ||
| Q4 24 | 3.0% | 25.9% | ||
| Q3 24 | 23.5% | 24.5% | ||
| Q2 24 | 15.7% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | -12.5% | 15.2% | ||
| Q3 25 | 9.7% | 16.2% | ||
| Q2 25 | -7.3% | 15.4% | ||
| Q1 25 | 0.5% | 53.9% | ||
| Q4 24 | -8.7% | 16.5% | ||
| Q3 24 | 12.4% | 15.8% | ||
| Q2 24 | 5.6% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $-0.02 | $0.99 | ||
| Q3 25 | $0.02 | $1.02 | ||
| Q2 25 | $-0.01 | $0.96 | ||
| Q1 25 | $0.00 | $3.24 | ||
| Q4 24 | $-0.01 | $0.91 | ||
| Q3 24 | $0.02 | $0.88 | ||
| Q2 24 | $0.01 | $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 | $318.7M | $128.8M |
| Total DebtLower is stronger | $352.3M | — |
| Stockholders' EquityBook value | $879.4M | — |
| Total Assets | $1.5B | $648.9M |
| Debt / EquityLower = less leverage | 0.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $318.7M | $196.6M | ||
| Q3 25 | $286.4M | $237.6M | ||
| Q2 25 | $289.3M | $227.9M | ||
| Q1 25 | $580.9M | $251.4M | ||
| Q4 24 | $586.0M | $315.9M | ||
| Q3 24 | $538.8M | $84.0M | ||
| Q2 24 | $507.9M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | $352.3M | $1.2B | ||
| Q3 25 | $352.1M | — | ||
| Q2 25 | $351.9M | — | ||
| Q1 25 | $649.1M | — | ||
| Q4 24 | $650.5M | $1.2B | ||
| Q3 24 | $651.8M | — | ||
| Q2 24 | $653.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | $879.4M | $-736.8M | ||
| Q3 25 | $888.7M | $-702.6M | ||
| Q2 25 | $874.2M | $-686.0M | ||
| Q1 25 | $878.3M | $-715.0M | ||
| Q4 24 | $874.4M | $-675.6M | ||
| Q3 24 | $879.7M | $-447.5M | ||
| Q2 24 | $863.3M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $1.5B | $693.4M | ||
| Q3 25 | $1.5B | $721.0M | ||
| Q2 25 | $1.5B | $708.3M | ||
| Q1 25 | $1.8B | $696.8M | ||
| Q4 24 | $1.8B | $716.2M | ||
| Q3 24 | $1.8B | $484.8M | ||
| Q2 24 | $1.8B | $451.8M |
| Q1 26 | — | — | ||
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.74× | — | ||
| Q3 24 | 0.74× | — | ||
| Q2 24 | 0.76× | — |
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 | $32.7M | — |
| Free Cash FlowOCF − Capex | $32.6M | — |
| FCF MarginFCF / Revenue | 31.0% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $32.7M | $57.3M | ||
| Q3 25 | $8.0M | $63.9M | ||
| Q2 25 | $20.9M | $6.6M | ||
| Q1 25 | $-2.9M | $25.3M | ||
| Q4 24 | $49.7M | $7.7M | ||
| Q3 24 | $33.5M | $69.0M | ||
| Q2 24 | $16.2M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $32.6M | $34.5M | ||
| Q3 25 | $7.9M | $61.7M | ||
| Q2 25 | $20.8M | $-7.8M | ||
| Q1 25 | $-3.0M | $17.3M | ||
| Q4 24 | $49.2M | $-8.6M | ||
| Q3 24 | $33.3M | $54.9M | ||
| Q2 24 | $16.1M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 31.0% | 19.6% | ||
| Q3 25 | 6.9% | 35.1% | ||
| Q2 25 | 19.6% | -4.5% | ||
| Q1 25 | -3.1% | 10.1% | ||
| Q4 24 | 48.9% | -5.3% | ||
| Q3 24 | 28.0% | 33.8% | ||
| Q2 24 | 15.5% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 13.0% | ||
| Q3 25 | 0.1% | 1.3% | ||
| Q2 25 | 0.1% | 8.2% | ||
| Q1 25 | 0.0% | 4.7% | ||
| Q4 24 | 0.4% | 10.1% | ||
| Q3 24 | 0.1% | 8.7% | ||
| Q2 24 | 0.1% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | 0.72× | 2.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | -6.27× | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | 2.26× | 2.68× | ||
| Q2 24 | 2.81× | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
