vs

Side-by-side financial comparison of PARK NATIONAL CORP (PRK) and Warby Parker Inc. (WRBY). Click either name above to swap in a different company.

Warby Parker Inc. is the larger business by last-quarter revenue ($212.0M vs $168.3M, roughly 1.3× PARK NATIONAL CORP). PARK NATIONAL CORP runs the higher net margin — 25.3% vs -2.8%, a 28.1% gap on every dollar of revenue. On growth, Warby Parker Inc. posted the faster year-over-year revenue change (11.2% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $8.1M). Over the past eight quarters, PARK NATIONAL CORP's revenue compounded faster (4.9% CAGR vs 2.9%).

National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.

Warby Parker Inc. is an American eyewear brand and retailer of prescription glasses, contact lenses, and sunglasses, based in New York City. It also offers eye exams. Originally founded in 2010 as an online-only retailer, the company now generates about two-thirds of its revenue from its 276 physical retail stores, 271 of which are in the U.S. and 5 of which are in Canada. The company intends to operate 900 stores. The company has 2.28 million customers; average order value is $263.

PRK vs WRBY — Head-to-Head

Bigger by revenue
WRBY
WRBY
1.3× larger
WRBY
$212.0M
$168.3M
PRK
Growing faster (revenue YoY)
WRBY
WRBY
+9.0% gap
WRBY
11.2%
2.2%
PRK
Higher net margin
PRK
PRK
28.1% more per $
PRK
25.3%
-2.8%
WRBY
More free cash flow
PRK
PRK
$183.8M more FCF
PRK
$191.9M
$8.1M
WRBY
Faster 2-yr revenue CAGR
PRK
PRK
Annualised
PRK
4.9%
2.9%
WRBY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRK
PRK
WRBY
WRBY
Revenue
$168.3M
$212.0M
Net Profit
$42.6M
$-6.0M
Gross Margin
52.4%
Operating Margin
-3.2%
Net Margin
25.3%
-2.8%
Revenue YoY
2.2%
11.2%
Net Profit YoY
10.4%
13.4%
EPS (diluted)
$2.62
$-0.06

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
PRK
PRK
WRBY
WRBY
Q4 25
$168.3M
$212.0M
Q3 25
$169.5M
$221.7M
Q2 25
$168.7M
$214.5M
Q1 25
$157.9M
$223.8M
Q4 24
$164.7M
$190.6M
Q3 24
$170.3M
$192.4M
Q2 24
$157.7M
$188.2M
Q1 24
$152.8M
$200.0M
Net Profit
PRK
PRK
WRBY
WRBY
Q4 25
$42.6M
$-6.0M
Q3 25
$47.2M
$5.9M
Q2 25
$48.1M
$-1.8M
Q1 25
$42.2M
$3.5M
Q4 24
$38.6M
$-6.9M
Q3 24
$38.2M
$-4.1M
Q2 24
$39.4M
$-6.8M
Q1 24
$35.2M
$-2.7M
Gross Margin
PRK
PRK
WRBY
WRBY
Q4 25
52.4%
Q3 25
54.1%
Q2 25
53.0%
Q1 25
56.3%
Q4 24
54.1%
Q3 24
54.5%
Q2 24
56.0%
Q1 24
56.7%
Operating Margin
PRK
PRK
WRBY
WRBY
Q4 25
-3.2%
Q3 25
34.3%
1.6%
Q2 25
35.2%
-2.1%
Q1 25
32.4%
1.1%
Q4 24
-4.9%
Q3 24
27.4%
-3.4%
Q2 24
30.6%
-4.8%
Q1 24
27.8%
-2.6%
Net Margin
PRK
PRK
WRBY
WRBY
Q4 25
25.3%
-2.8%
Q3 25
27.8%
2.6%
Q2 25
28.5%
-0.8%
Q1 25
26.7%
1.6%
Q4 24
23.5%
-3.6%
Q3 24
22.4%
-2.1%
Q2 24
25.0%
-3.6%
Q1 24
23.0%
-1.3%
EPS (diluted)
PRK
PRK
WRBY
WRBY
Q4 25
$2.62
$-0.06
Q3 25
$2.92
$0.05
Q2 25
$2.97
$-0.01
Q1 25
$2.60
$0.03
Q4 24
$2.38
$-0.06
Q3 24
$2.35
$-0.03
Q2 24
$2.42
$-0.06
Q1 24
$2.17
$-0.02

Balance Sheet & Financial Strength

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

Metric
PRK
PRK
WRBY
WRBY
Cash + ST InvestmentsLiquidity on hand
$233.5M
$286.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.4B
$367.7M
Total Assets
$9.8B
$720.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRK
PRK
WRBY
WRBY
Q4 25
$233.5M
$286.4M
Q3 25
$218.9M
$280.4M
Q2 25
$193.1M
$286.4M
Q1 25
$237.6M
$265.1M
Q4 24
$160.6M
$254.2M
Q3 24
$201.7M
$251.0M
Q2 24
$261.5M
$238.0M
Q1 24
$306.1M
$220.4M
Stockholders' Equity
PRK
PRK
WRBY
WRBY
Q4 25
$1.4B
$367.7M
Q3 25
$1.3B
$369.6M
Q2 25
$1.3B
$361.5M
Q1 25
$1.3B
$354.1M
Q4 24
$1.2B
$340.1M
Q3 24
$1.2B
$336.8M
Q2 24
$1.2B
$329.4M
Q1 24
$1.2B
$316.2M
Total Assets
PRK
PRK
WRBY
WRBY
Q4 25
$9.8B
$720.9M
Q3 25
$9.9B
$706.9M
Q2 25
$9.9B
$701.9M
Q1 25
$9.9B
$682.8M
Q4 24
$9.8B
$676.5M
Q3 24
$9.9B
$638.0M
Q2 24
$9.9B
$618.2M
Q1 24
$9.9B
$592.9M

Cash Flow & Capital Efficiency

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

Metric
PRK
PRK
WRBY
WRBY
Operating Cash FlowLast quarter
$198.3M
$23.3M
Free Cash FlowOCF − Capex
$191.9M
$8.1M
FCF MarginFCF / Revenue
114.1%
3.8%
Capex IntensityCapex / Revenue
3.8%
7.1%
Cash ConversionOCF / Net Profit
4.65×
TTM Free Cash FlowTrailing 4 quarters
$328.2M
$43.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRK
PRK
WRBY
WRBY
Q4 25
$198.3M
$23.3M
Q3 25
$52.6M
$18.0M
Q2 25
$49.7M
$40.2M
Q1 25
$37.9M
$29.4M
Q4 24
$178.8M
$19.9M
Q3 24
$43.8M
$27.3M
Q2 24
$50.9M
$31.6M
Q1 24
$35.0M
$19.9M
Free Cash Flow
PRK
PRK
WRBY
WRBY
Q4 25
$191.9M
$8.1M
Q3 25
$51.1M
$-1.5M
Q2 25
$48.4M
$23.9M
Q1 25
$36.8M
$13.2M
Q4 24
$169.7M
$2.2M
Q3 24
$41.7M
$13.1M
Q2 24
$49.0M
$14.0M
Q1 24
$31.9M
$5.5M
FCF Margin
PRK
PRK
WRBY
WRBY
Q4 25
114.1%
3.8%
Q3 25
30.1%
-0.7%
Q2 25
28.7%
11.1%
Q1 25
23.3%
5.9%
Q4 24
103.0%
1.1%
Q3 24
24.5%
6.8%
Q2 24
31.1%
7.4%
Q1 24
20.8%
2.7%
Capex Intensity
PRK
PRK
WRBY
WRBY
Q4 25
3.8%
7.1%
Q3 25
0.9%
8.8%
Q2 25
0.8%
7.6%
Q1 25
0.7%
7.2%
Q4 24
5.6%
9.3%
Q3 24
1.2%
7.4%
Q2 24
1.2%
9.4%
Q1 24
2.1%
7.2%
Cash Conversion
PRK
PRK
WRBY
WRBY
Q4 25
4.65×
Q3 25
1.11×
3.06×
Q2 25
1.03×
Q1 25
0.90×
8.46×
Q4 24
4.63×
Q3 24
1.14×
Q2 24
1.29×
Q1 24
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRK
PRK

Segment breakdown not available.

WRBY
WRBY

Retail$155.2M73%
E Commerce$56.8M27%

Related Comparisons