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Side-by-side financial comparison of BRC Group Holdings, Inc. (RILY) and ONE Group Hospitality, Inc. (STKS). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $188.3M, roughly 1.1× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -3.1%, a 51.0% gap on every dollar of revenue. On growth, ONE Group Hospitality, Inc. posted the faster year-over-year revenue change (-6.7% vs -21.9%). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs -15.4%).
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.
RILY vs STKS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $188.3M | $207.0M |
| Net Profit | $90.3M | $-6.4M |
| Gross Margin | 79.5% | — |
| Operating Margin | 32.3% | 2.2% |
| Net Margin | 47.9% | -3.1% |
| Revenue YoY | -21.9% | -6.7% |
| Net Profit YoY | 1710.8% | -531.8% |
| EPS (diluted) | $2.78 | $-0.50 |
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 | $188.3M | $207.0M | ||
| Q3 25 | $215.3M | $180.2M | ||
| Q2 25 | $188.2M | $207.4M | ||
| Q1 25 | $197.2M | $211.1M | ||
| Q4 24 | $241.0M | $221.9M | ||
| Q3 24 | $225.5M | $194.0M | ||
| Q2 24 | $256.0M | $172.5M | ||
| Q1 24 | $263.4M | $85.0M |
| Q4 25 | $90.3M | $-6.4M | ||
| Q3 25 | $91.1M | $-76.7M | ||
| Q2 25 | $139.5M | $-10.1M | ||
| Q1 25 | $-10.0M | $975.0K | ||
| Q4 24 | $-5.6M | $1.5M | ||
| Q3 24 | $-284.4M | $-9.3M | ||
| Q2 24 | $-433.6M | $-7.3M | ||
| Q1 24 | $-49.2M | $-2.1M |
| Q4 25 | 79.5% | — | ||
| Q3 25 | 83.7% | — | ||
| Q2 25 | 81.3% | — | ||
| Q1 25 | 81.4% | — | ||
| Q4 24 | 79.8% | — | ||
| Q3 24 | 82.1% | — | ||
| Q2 24 | 84.5% | — | ||
| Q1 24 | 85.3% | — |
| Q4 25 | 32.3% | 2.2% | ||
| Q3 25 | 30.4% | -4.4% | ||
| Q2 25 | 5.7% | 0.3% | ||
| Q1 25 | -31.2% | 5.1% | ||
| Q4 24 | -69.2% | 5.5% | ||
| Q3 24 | -36.4% | -1.9% | ||
| Q2 24 | -90.8% | 0.6% | ||
| Q1 24 | -6.1% | -0.7% |
| Q4 25 | 47.9% | -3.1% | ||
| Q3 25 | 42.3% | -42.6% | ||
| Q2 25 | 74.1% | -4.9% | ||
| Q1 25 | -5.1% | 0.5% | ||
| Q4 24 | -2.3% | 0.7% | ||
| Q3 24 | -126.1% | -4.8% | ||
| Q2 24 | -169.4% | -4.3% | ||
| Q1 24 | -18.7% | -2.4% |
| Q4 25 | $2.78 | $-0.50 | ||
| Q3 25 | $2.91 | $-2.75 | ||
| Q2 25 | $4.50 | $-0.59 | ||
| Q1 25 | $-0.39 | $-0.21 | ||
| Q4 24 | $-0.01 | $-0.18 | ||
| Q3 24 | $-9.39 | $-0.53 | ||
| Q2 24 | $-14.35 | $-0.38 | ||
| Q1 24 | $-1.71 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $226.6M | $4.2M |
| Total DebtLower is stronger | $1.4B | $354.2M |
| Stockholders' EquityBook value | $-171.5M | $-75.8M |
| Total Assets | $1.7B | $884.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.6M | $4.2M | ||
| Q3 25 | $184.2M | $5.5M | ||
| Q2 25 | $267.4M | $4.7M | ||
| Q1 25 | $138.3M | $21.4M | ||
| Q4 24 | $146.9M | $27.6M | ||
| Q3 24 | $159.2M | $28.2M | ||
| Q2 24 | $236.9M | $32.2M | ||
| Q1 24 | $190.7M | $15.4M |
| Q4 25 | $1.4B | $354.2M | ||
| Q3 25 | $1.3B | $355.0M | ||
| Q2 25 | $1.3B | $347.4M | ||
| Q1 25 | $1.4B | $348.3M | ||
| Q4 24 | $1.5B | $348.3M | ||
| Q3 24 | — | $349.1M | ||
| Q2 24 | — | $350.0M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | $-171.5M | $-75.8M | ||
| Q3 25 | $-260.5M | $-61.5M | ||
| Q2 25 | $-351.7M | $23.0M | ||
| Q1 25 | $-496.8M | $40.5M | ||
| Q4 24 | $-488.2M | $45.9M | ||
| Q3 24 | $-497.6M | $51.4M | ||
| Q2 24 | $-218.3M | $68.1M | ||
| Q1 24 | $228.4M | $68.3M |
| Q4 25 | $1.7B | $884.2M | ||
| Q3 25 | $1.7B | $879.5M | ||
| Q2 25 | $1.5B | $935.7M | ||
| Q1 25 | $1.5B | $956.0M | ||
| Q4 24 | $1.8B | $960.1M | ||
| Q3 24 | $2.2B | $953.5M | ||
| Q2 24 | $3.2B | $945.9M | ||
| Q1 24 | $5.0B | $309.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.07× | ||
| Q1 25 | — | 8.61× | ||
| Q4 24 | — | 7.59× | ||
| Q3 24 | — | 6.79× | ||
| Q2 24 | — | 5.14× | ||
| Q1 24 | — | 1.08× |
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 | $26.2M | $13.1M |
| Free Cash FlowOCF − Capex | — | $-329.0K |
| FCF MarginFCF / Revenue | — | -0.2% |
| Capex IntensityCapex / Revenue | — | 6.5% |
| Cash ConversionOCF / Net Profit | 0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-27.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $13.1M | ||
| Q3 25 | $-60.6M | $5.9M | ||
| Q2 25 | $-25.6M | $2.8M | ||
| Q1 25 | $184.0K | $8.5M | ||
| Q4 24 | $-2.7M | $18.5M | ||
| Q3 24 | $19.5M | $19.1M | ||
| Q2 24 | $111.5M | $-3.8M | ||
| Q1 24 | $135.4M | $10.4M |
| Q4 25 | — | $-329.0K | ||
| Q3 25 | — | $-6.1M | ||
| Q2 25 | — | $-15.0M | ||
| Q1 25 | — | $-5.8M | ||
| Q4 24 | — | $733.0K | ||
| Q3 24 | — | $287.0K | ||
| Q2 24 | — | $-23.0M | ||
| Q1 24 | — | $-5.4M |
| Q4 25 | — | -0.2% | ||
| Q3 25 | — | -3.4% | ||
| Q2 25 | — | -7.2% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -13.3% | ||
| Q1 24 | — | -6.4% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | — | 6.7% | ||
| Q2 25 | — | 8.6% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 9.7% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 18.6% |
| Q4 25 | 0.29× | — | ||
| Q3 25 | -0.66× | — | ||
| Q2 25 | -0.18× | — | ||
| Q1 25 | — | 8.76× | ||
| Q4 24 | — | 12.54× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
