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Side-by-side financial comparison of Smith Douglas Homes Corp. (SDHC) and Wingstop Inc. (WING). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $183.7M, roughly 1.4× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 1.4%, a 14.9% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs -9.4%). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs 8.6%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
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.
SDHC vs WING — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $260.4M | $183.7M |
| Net Profit | $3.5M | $29.9M |
| Gross Margin | 19.9% | 86.5% |
| Operating Margin | 6.5% | 27.4% |
| Net Margin | 1.4% | 16.3% |
| Revenue YoY | -9.4% | 7.4% |
| Net Profit YoY | -14.3% | — |
| EPS (diluted) | $0.39 | $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 | $260.4M | $175.7M | ||
| Q3 25 | $262.0M | $175.7M | ||
| Q2 25 | $223.9M | $174.3M | ||
| Q1 25 | $224.7M | $171.1M | ||
| Q4 24 | $287.5M | $161.8M | ||
| Q3 24 | $277.8M | $162.5M | ||
| Q2 24 | $220.9M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | $3.5M | $26.8M | ||
| Q3 25 | $2.1M | $28.5M | ||
| Q2 25 | $2.4M | $26.8M | ||
| Q1 25 | $2.7M | $92.3M | ||
| Q4 24 | $4.1M | $26.8M | ||
| Q3 24 | $5.3M | $25.7M | ||
| Q2 24 | $3.6M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | 19.9% | — | ||
| Q3 25 | 21.0% | — | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 23.8% | — | ||
| Q4 24 | 25.5% | 85.6% | ||
| Q3 24 | 26.5% | 85.0% | ||
| Q2 24 | 26.7% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | 6.5% | 26.7% | ||
| Q3 25 | 6.6% | 27.9% | ||
| Q2 25 | 7.7% | 25.9% | ||
| Q1 25 | 8.7% | 22.4% | ||
| Q4 24 | 10.4% | 25.9% | ||
| Q3 24 | 14.2% | 24.5% | ||
| Q2 24 | 11.7% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | 1.4% | 15.2% | ||
| Q3 25 | 0.8% | 16.2% | ||
| Q2 25 | 1.1% | 15.4% | ||
| Q1 25 | 1.2% | 53.9% | ||
| Q4 24 | 1.4% | 16.5% | ||
| Q3 24 | 1.9% | 15.8% | ||
| Q2 24 | 1.7% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.39 | $0.99 | ||
| Q3 25 | $0.24 | $1.02 | ||
| Q2 25 | $0.26 | $0.96 | ||
| Q1 25 | $0.30 | $3.24 | ||
| Q4 24 | $0.50 | $0.91 | ||
| Q3 24 | $0.58 | $0.88 | ||
| Q2 24 | $0.40 | $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 | $12.7M | $128.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $86.7M | — |
| Total Assets | $557.6M | $648.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | $12.7M | $196.6M | ||
| Q3 25 | $14.8M | $237.6M | ||
| Q2 25 | $16.8M | $227.9M | ||
| Q1 25 | $12.7M | $251.4M | ||
| Q4 24 | $22.4M | $315.9M | ||
| Q3 24 | $23.7M | $84.0M | ||
| Q2 24 | $17.3M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $86.7M | $-736.8M | ||
| Q3 25 | $82.2M | $-702.6M | ||
| Q2 25 | $80.0M | $-686.0M | ||
| Q1 25 | $76.9M | $-715.0M | ||
| Q4 24 | $73.6M | $-675.6M | ||
| Q3 24 | $68.4M | $-447.5M | ||
| Q2 24 | $62.1M | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | $557.6M | $693.4M | ||
| Q3 25 | $571.6M | $721.0M | ||
| Q2 25 | $570.2M | $708.3M | ||
| Q1 25 | $513.9M | $696.8M | ||
| Q4 24 | $475.9M | $716.2M | ||
| Q3 24 | $460.1M | $484.8M | ||
| Q2 24 | $429.3M | $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 | $9.8M | — |
| Free Cash FlowOCF − Capex | $8.7M | — |
| FCF MarginFCF / Revenue | 3.4% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | 2.77× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-36.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $9.8M | $57.3M | ||
| Q3 25 | $22.8M | $63.9M | ||
| Q2 25 | $-28.9M | $6.6M | ||
| Q1 25 | $-34.9M | $25.3M | ||
| Q4 24 | $5.5M | $7.7M | ||
| Q3 24 | $22.9M | $69.0M | ||
| Q2 24 | $39.0K | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | $8.7M | $34.5M | ||
| Q3 25 | $21.4M | $61.7M | ||
| Q2 25 | $-31.1M | $-7.8M | ||
| Q1 25 | $-35.9M | $17.3M | ||
| Q4 24 | $4.8M | $-8.6M | ||
| Q3 24 | $22.3M | $54.9M | ||
| Q2 24 | $-2.1M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 19.6% | ||
| Q3 25 | 8.2% | 35.1% | ||
| Q2 25 | -13.9% | -4.5% | ||
| Q1 25 | -16.0% | 10.1% | ||
| Q4 24 | 1.7% | -5.3% | ||
| Q3 24 | 8.0% | 33.8% | ||
| Q2 24 | -1.0% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 13.0% | ||
| Q3 25 | 0.5% | 1.3% | ||
| Q2 25 | 0.9% | 8.2% | ||
| Q1 25 | 0.5% | 4.7% | ||
| Q4 24 | 0.2% | 10.1% | ||
| Q3 24 | 0.2% | 8.7% | ||
| Q2 24 | 1.0% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.77× | 2.14× | ||
| Q3 25 | 10.70× | 2.24× | ||
| Q2 25 | -12.24× | 0.25× | ||
| Q1 25 | -13.01× | 0.27× | ||
| Q4 24 | 1.33× | 0.29× | ||
| Q3 24 | 4.28× | 2.68× | ||
| Q2 24 | 0.01× | 1.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
