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Side-by-side financial comparison of Phreesia, Inc. (PHR) and Twin Hospitality Group Inc. (TWNP). Click either name above to swap in a different company.
Phreesia, Inc. is the larger business by last-quarter revenue ($120.3M vs $82.3M, roughly 1.5× Twin Hospitality Group Inc.). Phreesia, Inc. runs the higher net margin — 3.5% vs -29.7%, a 33.3% gap on every dollar of revenue. Phreesia, Inc. produced more free cash flow last quarter ($12.2M vs $-7.4M).
Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.
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.
PHR vs TWNP — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.3M | $82.3M |
| Net Profit | $4.3M | $-24.5M |
| Gross Margin | — | — |
| Operating Margin | 3.1% | -16.2% |
| Net Margin | 3.5% | -29.7% |
| Revenue YoY | 12.7% | — |
| Net Profit YoY | 129.7% | — |
| EPS (diluted) | $0.07 | $-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.
| Q4 25 | $120.3M | — | ||
| Q3 25 | $117.3M | $82.3M | ||
| Q2 25 | $115.9M | $87.8M | ||
| Q1 25 | — | $87.1M |
| Q4 25 | $4.3M | — | ||
| Q3 25 | $654.0K | $-24.5M | ||
| Q2 25 | $-3.9M | $-20.8M | ||
| Q1 25 | — | $-12.1M |
| Q4 25 | 3.1% | — | ||
| Q3 25 | -1.3% | -16.2% | ||
| Q2 25 | -2.8% | -13.2% | ||
| Q1 25 | — | -1.2% |
| Q4 25 | 3.5% | — | ||
| Q3 25 | 0.6% | -29.7% | ||
| Q2 25 | -3.4% | -23.7% | ||
| Q1 25 | — | -13.9% |
| Q4 25 | $0.07 | — | ||
| Q3 25 | $0.01 | $-0.43 | ||
| Q2 25 | $-0.07 | $-0.38 | ||
| Q1 25 | — | $-0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $106.4M | — |
| Total DebtLower is stronger | $3.4M | $402.8M |
| Stockholders' EquityBook value | $320.3M | $-92.1M |
| Total Assets | $423.5M | $516.8M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.4M | — | ||
| Q3 25 | $98.3M | — | ||
| Q2 25 | $90.9M | — | ||
| Q1 25 | — | — |
| Q4 25 | $3.4M | — | ||
| Q3 25 | $4.6M | $402.8M | ||
| Q2 25 | $6.2M | $411.3M | ||
| Q1 25 | — | $413.0M |
| Q4 25 | $320.3M | — | ||
| Q3 25 | $298.0M | $-92.1M | ||
| Q2 25 | $282.2M | $-78.6M | ||
| Q1 25 | — | $-101.9M |
| Q4 25 | $423.5M | — | ||
| Q3 25 | $408.6M | $516.8M | ||
| Q2 25 | $400.4M | $535.1M | ||
| Q1 25 | — | $544.2M |
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.02× | — | ||
| Q1 25 | — | — |
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 | $15.5M | $-5.9M |
| Free Cash FlowOCF − Capex | $12.2M | $-7.4M |
| FCF MarginFCF / Revenue | 10.1% | -9.0% |
| Capex IntensityCapex / Revenue | 2.7% | 1.9% |
| Cash ConversionOCF / Net Profit | 3.62× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.5M | — | ||
| Q3 25 | $14.8M | $-5.9M | ||
| Q2 25 | $14.8M | $-8.8M | ||
| Q1 25 | — | $-5.7M |
| Q4 25 | $12.2M | — | ||
| Q3 25 | $13.1M | $-7.4M | ||
| Q2 25 | $11.3M | $-10.6M | ||
| Q1 25 | — | $-9.7M |
| Q4 25 | 10.1% | — | ||
| Q3 25 | 11.1% | -9.0% | ||
| Q2 25 | 9.8% | -12.1% | ||
| Q1 25 | — | -11.2% |
| Q4 25 | 2.7% | — | ||
| Q3 25 | 1.5% | 1.9% | ||
| Q2 25 | 3.0% | 2.1% | ||
| Q1 25 | — | 4.6% |
| Q4 25 | 3.62× | — | ||
| Q3 25 | 22.68× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PHR
| Subscription And Services | $55.5M | 46% |
| Network Solutions | $37.4M | 31% |
| Payment Processing Fees | $27.4M | 23% |
TWNP
Segment breakdown not available.
