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Side-by-side financial comparison of BRC Group Holdings, Inc. (RILY) and Wingstop Inc. (WING). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $183.7M, roughly 1.0× Wingstop Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 16.3%, a 31.7% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs -21.9%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs -15.4%).
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.
RILY vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $188.3M | $183.7M |
| Net Profit | $90.3M | $29.9M |
| Gross Margin | 79.5% | 86.5% |
| Operating Margin | 32.3% | 27.4% |
| Net Margin | 47.9% | 16.3% |
| Revenue YoY | -21.9% | 7.4% |
| Net Profit YoY | 1710.8% | — |
| EPS (diluted) | $2.78 | $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 | $188.3M | $175.7M | ||
| Q3 25 | $215.3M | $175.7M | ||
| Q2 25 | $188.2M | $174.3M | ||
| Q1 25 | $197.2M | $171.1M | ||
| Q4 24 | $241.0M | $161.8M | ||
| Q3 24 | $225.5M | $162.5M | ||
| Q2 24 | $256.0M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $90.3M | $26.8M | ||
| Q3 25 | $91.1M | $28.5M | ||
| Q2 25 | $139.5M | $26.8M | ||
| Q1 25 | $-10.0M | $92.3M | ||
| Q4 24 | $-5.6M | $26.8M | ||
| Q3 24 | $-284.4M | $25.7M | ||
| Q2 24 | $-433.6M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 79.5% | — | ||
| Q3 25 | 83.7% | — | ||
| Q2 25 | 81.3% | — | ||
| Q1 25 | 81.4% | — | ||
| Q4 24 | 79.8% | 85.6% | ||
| Q3 24 | 82.1% | 85.0% | ||
| Q2 24 | 84.5% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 32.3% | 26.7% | ||
| Q3 25 | 30.4% | 27.9% | ||
| Q2 25 | 5.7% | 25.9% | ||
| Q1 25 | -31.2% | 22.4% | ||
| Q4 24 | -69.2% | 25.9% | ||
| Q3 24 | -36.4% | 24.5% | ||
| Q2 24 | -90.8% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 47.9% | 15.2% | ||
| Q3 25 | 42.3% | 16.2% | ||
| Q2 25 | 74.1% | 15.4% | ||
| Q1 25 | -5.1% | 53.9% | ||
| Q4 24 | -2.3% | 16.5% | ||
| Q3 24 | -126.1% | 15.8% | ||
| Q2 24 | -169.4% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $2.78 | $0.99 | ||
| Q3 25 | $2.91 | $1.02 | ||
| Q2 25 | $4.50 | $0.96 | ||
| Q1 25 | $-0.39 | $3.24 | ||
| Q4 24 | $-0.01 | $0.91 | ||
| Q3 24 | $-9.39 | $0.88 | ||
| Q2 24 | $-14.35 | $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 | $226.6M | $128.8M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $-171.5M | — |
| Total Assets | $1.7B | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $226.6M | $196.6M | ||
| Q3 25 | $184.2M | $237.6M | ||
| Q2 25 | $267.4M | $227.9M | ||
| Q1 25 | $138.3M | $251.4M | ||
| Q4 24 | $146.9M | $315.9M | ||
| Q3 24 | $159.2M | $84.0M | ||
| Q2 24 | $236.9M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $-171.5M | $-736.8M | ||
| Q3 25 | $-260.5M | $-702.6M | ||
| Q2 25 | $-351.7M | $-686.0M | ||
| Q1 25 | $-496.8M | $-715.0M | ||
| Q4 24 | $-488.2M | $-675.6M | ||
| Q3 24 | $-497.6M | $-447.5M | ||
| Q2 24 | $-218.3M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $1.7B | $693.4M | ||
| Q3 25 | $1.7B | $721.0M | ||
| Q2 25 | $1.5B | $708.3M | ||
| Q1 25 | $1.5B | $696.8M | ||
| Q4 24 | $1.8B | $716.2M | ||
| Q3 24 | $2.2B | $484.8M | ||
| Q2 24 | $3.2B | $451.8M |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $26.2M | $57.3M | ||
| Q3 25 | $-60.6M | $63.9M | ||
| Q2 25 | $-25.6M | $6.6M | ||
| Q1 25 | $184.0K | $25.3M | ||
| Q4 24 | $-2.7M | $7.7M | ||
| Q3 24 | $19.5M | $69.0M | ||
| Q2 24 | $111.5M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $34.5M | ||
| Q3 25 | — | $61.7M | ||
| Q2 25 | — | $-7.8M | ||
| Q1 25 | — | $17.3M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | — | $54.9M | ||
| Q2 24 | — | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 35.1% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | — | 33.8% | ||
| Q2 24 | — | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.29× | 2.14× | ||
| Q3 25 | -0.66× | 2.24× | ||
| Q2 25 | -0.18× | 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
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
