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Side-by-side financial comparison of Root, Inc. (ROOT) and Warby Parker Inc. (WRBY). Click either name above to swap in a different company.

Root, Inc. is the larger business by last-quarter revenue ($397.0M vs $212.0M, roughly 1.9× Warby Parker Inc.). On growth, Root, Inc. posted the faster year-over-year revenue change (21.5% vs 11.2%). Over the past eight quarters, Root, Inc.'s revenue compounded faster (24.8% CAGR vs 2.9%).

Root Insurance Company is an online car insurance company operating in the 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.

ROOT vs WRBY — Head-to-Head

Bigger by revenue
ROOT
ROOT
1.9× larger
ROOT
$397.0M
$212.0M
WRBY
Growing faster (revenue YoY)
ROOT
ROOT
+10.3% gap
ROOT
21.5%
11.2%
WRBY
Faster 2-yr revenue CAGR
ROOT
ROOT
Annualised
ROOT
24.8%
2.9%
WRBY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ROOT
ROOT
WRBY
WRBY
Revenue
$397.0M
$212.0M
Net Profit
$-6.0M
Gross Margin
52.4%
Operating Margin
2.6%
-3.2%
Net Margin
-2.8%
Revenue YoY
21.5%
11.2%
Net Profit YoY
13.4%
EPS (diluted)
$0.35
$-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
ROOT
ROOT
WRBY
WRBY
Q4 25
$397.0M
$212.0M
Q3 25
$387.8M
$221.7M
Q2 25
$382.9M
$214.5M
Q1 25
$349.4M
$223.8M
Q4 24
$326.7M
$190.6M
Q3 24
$305.7M
$192.4M
Q2 24
$289.2M
$188.2M
Q1 24
$254.9M
$200.0M
Net Profit
ROOT
ROOT
WRBY
WRBY
Q4 25
$-6.0M
Q3 25
$-5.4M
$5.9M
Q2 25
$22.0M
$-1.8M
Q1 25
$18.4M
$3.5M
Q4 24
$-6.9M
Q3 24
$22.8M
$-4.1M
Q2 24
$-7.8M
$-6.8M
Q1 24
$-6.2M
$-2.7M
Gross Margin
ROOT
ROOT
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
ROOT
ROOT
WRBY
WRBY
Q4 25
2.6%
-3.2%
Q3 25
0.1%
1.6%
Q2 25
7.1%
-2.1%
Q1 25
6.8%
1.1%
Q4 24
10.7%
-4.9%
Q3 24
11.3%
-3.4%
Q2 24
1.3%
-4.8%
Q1 24
2.1%
-2.6%
Net Margin
ROOT
ROOT
WRBY
WRBY
Q4 25
-2.8%
Q3 25
-1.4%
2.6%
Q2 25
5.7%
-0.8%
Q1 25
5.3%
1.6%
Q4 24
-3.6%
Q3 24
7.5%
-2.1%
Q2 24
-2.7%
-3.6%
Q1 24
-2.4%
-1.3%
EPS (diluted)
ROOT
ROOT
WRBY
WRBY
Q4 25
$0.35
$-0.06
Q3 25
$-0.35
$0.05
Q2 25
$1.29
$-0.01
Q1 25
$1.07
$0.03
Q4 24
$1.42
$-0.06
Q3 24
$1.35
$-0.03
Q2 24
$-0.52
$-0.06
Q1 24
$-0.42
$-0.02

Balance Sheet & Financial Strength

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

Metric
ROOT
ROOT
WRBY
WRBY
Cash + ST InvestmentsLiquidity on hand
$669.3M
$286.4M
Total DebtLower is stronger
$200.3M
Stockholders' EquityBook value
$284.3M
$367.7M
Total Assets
$1.7B
$720.9M
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ROOT
ROOT
WRBY
WRBY
Q4 25
$669.3M
$286.4M
Q3 25
$653.3M
$280.4M
Q2 25
$641.4M
$286.4M
Q1 25
$609.4M
$265.1M
Q4 24
$599.3M
$254.2M
Q3 24
$674.8M
$251.0M
Q2 24
$667.2M
$238.0M
Q1 24
$640.5M
$220.4M
Total Debt
ROOT
ROOT
WRBY
WRBY
Q4 25
$200.3M
Q3 25
$200.4M
Q2 25
$200.1M
Q1 25
$200.0M
Q4 24
$200.1M
Q3 24
$300.9M
Q2 24
$300.1M
Q1 24
$299.3M
Stockholders' Equity
ROOT
ROOT
WRBY
WRBY
Q4 25
$284.3M
$367.7M
Q3 25
$265.0M
$369.6M
Q2 25
$244.5M
$361.5M
Q1 25
$228.7M
$354.1M
Q4 24
$203.7M
$340.1M
Q3 24
$181.9M
$336.8M
Q2 24
$151.3M
$329.4M
Q1 24
$165.7M
$316.2M
Total Assets
ROOT
ROOT
WRBY
WRBY
Q4 25
$1.7B
$720.9M
Q3 25
$1.6B
$706.9M
Q2 25
$1.6B
$701.9M
Q1 25
$1.6B
$682.8M
Q4 24
$1.5B
$676.5M
Q3 24
$1.6B
$638.0M
Q2 24
$1.5B
$618.2M
Q1 24
$1.4B
$592.9M
Debt / Equity
ROOT
ROOT
WRBY
WRBY
Q4 25
0.70×
Q3 25
0.76×
Q2 25
0.82×
Q1 25
0.87×
Q4 24
0.98×
Q3 24
1.65×
Q2 24
1.98×
Q1 24
1.81×

Cash Flow & Capital Efficiency

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

Metric
ROOT
ROOT
WRBY
WRBY
Operating Cash FlowLast quarter
$206.5M
$23.3M
Free Cash FlowOCF − Capex
$8.1M
FCF MarginFCF / Revenue
3.8%
Capex IntensityCapex / Revenue
0.0%
7.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ROOT
ROOT
WRBY
WRBY
Q4 25
$206.5M
$23.3M
Q3 25
$57.6M
$18.0M
Q2 25
$52.0M
$40.2M
Q1 25
$26.8M
$29.4M
Q4 24
$195.7M
$19.9M
Q3 24
$49.4M
$27.3M
Q2 24
$62.6M
$31.6M
Q1 24
$14.5M
$19.9M
Free Cash Flow
ROOT
ROOT
WRBY
WRBY
Q4 25
$8.1M
Q3 25
$-1.5M
Q2 25
$23.9M
Q1 25
$13.2M
Q4 24
$195.3M
$2.2M
Q3 24
$13.1M
Q2 24
$62.4M
$14.0M
Q1 24
$14.3M
$5.5M
FCF Margin
ROOT
ROOT
WRBY
WRBY
Q4 25
3.8%
Q3 25
-0.7%
Q2 25
11.1%
Q1 25
5.9%
Q4 24
59.8%
1.1%
Q3 24
6.8%
Q2 24
21.6%
7.4%
Q1 24
5.6%
2.7%
Capex Intensity
ROOT
ROOT
WRBY
WRBY
Q4 25
0.0%
7.1%
Q3 25
0.0%
8.8%
Q2 25
0.0%
7.6%
Q1 25
0.0%
7.2%
Q4 24
0.1%
9.3%
Q3 24
0.0%
7.4%
Q2 24
0.1%
9.4%
Q1 24
0.1%
7.2%
Cash Conversion
ROOT
ROOT
WRBY
WRBY
Q4 25
Q3 25
3.06×
Q2 25
2.36×
Q1 25
1.46×
8.46×
Q4 24
Q3 24
2.17×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ROOT
ROOT

Segment breakdown not available.

WRBY
WRBY

Retail$155.2M73%
E Commerce$56.8M27%

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