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Side-by-side financial comparison of Phreesia, Inc. (PHR) 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 $120.3M, roughly 1.5× Phreesia, Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 3.5%, a 12.7% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs 7.4%).

Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.

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.

PHR vs WING — Head-to-Head

Bigger by revenue
WING
WING
1.5× larger
WING
$183.7M
$120.3M
PHR
Growing faster (revenue YoY)
PHR
PHR
+5.3% gap
PHR
12.7%
7.4%
WING
Higher net margin
WING
WING
12.7% more per $
WING
16.3%
3.5%
PHR

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
PHR
PHR
WING
WING
Revenue
$120.3M
$183.7M
Net Profit
$4.3M
$29.9M
Gross Margin
86.5%
Operating Margin
3.1%
27.4%
Net Margin
3.5%
16.3%
Revenue YoY
12.7%
7.4%
Net Profit YoY
129.7%
EPS (diluted)
$0.07
$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.

Revenue
PHR
PHR
WING
WING
Q1 26
$183.7M
Q4 25
$120.3M
$175.7M
Q3 25
$117.3M
$175.7M
Q2 25
$115.9M
$174.3M
Q1 25
$171.1M
Q4 24
$161.8M
Q3 24
$162.5M
Q2 24
$155.7M
Net Profit
PHR
PHR
WING
WING
Q1 26
$29.9M
Q4 25
$4.3M
$26.8M
Q3 25
$654.0K
$28.5M
Q2 25
$-3.9M
$26.8M
Q1 25
$92.3M
Q4 24
$26.8M
Q3 24
$25.7M
Q2 24
$27.5M
Gross Margin
PHR
PHR
WING
WING
Q1 26
86.5%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
85.6%
Q3 24
85.0%
Q2 24
85.4%
Operating Margin
PHR
PHR
WING
WING
Q1 26
27.4%
Q4 25
3.1%
26.7%
Q3 25
-1.3%
27.9%
Q2 25
-2.8%
25.9%
Q1 25
22.4%
Q4 24
25.9%
Q3 24
24.5%
Q2 24
26.5%
Net Margin
PHR
PHR
WING
WING
Q1 26
16.3%
Q4 25
3.5%
15.2%
Q3 25
0.6%
16.2%
Q2 25
-3.4%
15.4%
Q1 25
53.9%
Q4 24
16.5%
Q3 24
15.8%
Q2 24
17.7%
EPS (diluted)
PHR
PHR
WING
WING
Q1 26
$1.08
Q4 25
$0.07
$0.99
Q3 25
$0.01
$1.02
Q2 25
$-0.07
$0.96
Q1 25
$3.24
Q4 24
$0.91
Q3 24
$0.88
Q2 24
$0.93

Balance Sheet & Financial Strength

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

Metric
PHR
PHR
WING
WING
Cash + ST InvestmentsLiquidity on hand
$106.4M
$128.8M
Total DebtLower is stronger
$3.4M
Stockholders' EquityBook value
$320.3M
Total Assets
$423.5M
$648.9M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHR
PHR
WING
WING
Q1 26
$128.8M
Q4 25
$106.4M
$196.6M
Q3 25
$98.3M
$237.6M
Q2 25
$90.9M
$227.9M
Q1 25
$251.4M
Q4 24
$315.9M
Q3 24
$84.0M
Q2 24
$96.7M
Total Debt
PHR
PHR
WING
WING
Q1 26
Q4 25
$3.4M
$1.2B
Q3 25
$4.6M
Q2 25
$6.2M
Q1 25
Q4 24
$1.2B
Q3 24
Q2 24
Stockholders' Equity
PHR
PHR
WING
WING
Q1 26
Q4 25
$320.3M
$-736.8M
Q3 25
$298.0M
$-702.6M
Q2 25
$282.2M
$-686.0M
Q1 25
$-715.0M
Q4 24
$-675.6M
Q3 24
$-447.5M
Q2 24
$-437.5M
Total Assets
PHR
PHR
WING
WING
Q1 26
$648.9M
Q4 25
$423.5M
$693.4M
Q3 25
$408.6M
$721.0M
Q2 25
$400.4M
$708.3M
Q1 25
$696.8M
Q4 24
$716.2M
Q3 24
$484.8M
Q2 24
$451.8M
Debt / Equity
PHR
PHR
WING
WING
Q1 26
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.02×
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
PHR
PHR
WING
WING
Operating Cash FlowLast quarter
$15.5M
Free Cash FlowOCF − Capex
$12.2M
FCF MarginFCF / Revenue
10.1%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
3.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHR
PHR
WING
WING
Q1 26
Q4 25
$15.5M
$57.3M
Q3 25
$14.8M
$63.9M
Q2 25
$14.8M
$6.6M
Q1 25
$25.3M
Q4 24
$7.7M
Q3 24
$69.0M
Q2 24
$36.2M
Free Cash Flow
PHR
PHR
WING
WING
Q1 26
Q4 25
$12.2M
$34.5M
Q3 25
$13.1M
$61.7M
Q2 25
$11.3M
$-7.8M
Q1 25
$17.3M
Q4 24
$-8.6M
Q3 24
$54.9M
Q2 24
$25.9M
FCF Margin
PHR
PHR
WING
WING
Q1 26
Q4 25
10.1%
19.6%
Q3 25
11.1%
35.1%
Q2 25
9.8%
-4.5%
Q1 25
10.1%
Q4 24
-5.3%
Q3 24
33.8%
Q2 24
16.6%
Capex Intensity
PHR
PHR
WING
WING
Q1 26
Q4 25
2.7%
13.0%
Q3 25
1.5%
1.3%
Q2 25
3.0%
8.2%
Q1 25
4.7%
Q4 24
10.1%
Q3 24
8.7%
Q2 24
6.6%
Cash Conversion
PHR
PHR
WING
WING
Q1 26
Q4 25
3.62×
2.14×
Q3 25
22.68×
2.24×
Q2 25
0.25×
Q1 25
0.27×
Q4 24
0.29×
Q3 24
2.68×
Q2 24
1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PHR
PHR

Subscription And Services$55.5M46%
Network Solutions$37.4M31%
Payment Processing Fees$27.4M23%

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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