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Side-by-side financial comparison of Simply Good Foods Co (SMPL) and WEX Inc. (WEX). Click either name above to swap in a different company.

WEX Inc. is the larger business by last-quarter revenue ($652.7M vs $340.2M, roughly 1.9× Simply Good Foods Co). WEX Inc. runs the higher net margin — 10.1% vs 7.4%, a 2.7% gap on every dollar of revenue. On growth, Simply Good Foods Co posted the faster year-over-year revenue change (-0.3% vs -3.1%). Simply Good Foods Co produced more free cash flow last quarter ($48.0M vs $-9.2M). Over the past eight quarters, WEX Inc.'s revenue compounded faster (16.8% CAGR vs 3.0%).

Whole Foods Market, Inc. is an American multinational supermarket chain headquartered in Austin, Texas, owned wholly by Amazon, and which generally sells whole food products free from hydrogenated fats and artificial colors, flavors, and preservatives. A USDA Certified Organic grocer in the United States, the chain is popularly known for its organic selections.

WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company is headquartered in Portland, Maine and provides services in the United States, Canada, South America, Europe, Asia, and Australia.

SMPL vs WEX — Head-to-Head

Bigger by revenue
WEX
WEX
1.9× larger
WEX
$652.7M
$340.2M
SMPL
Growing faster (revenue YoY)
SMPL
SMPL
+2.8% gap
SMPL
-0.3%
-3.1%
WEX
Higher net margin
WEX
WEX
2.7% more per $
WEX
10.1%
7.4%
SMPL
More free cash flow
SMPL
SMPL
$57.2M more FCF
SMPL
$48.0M
$-9.2M
WEX
Faster 2-yr revenue CAGR
WEX
WEX
Annualised
WEX
16.8%
3.0%
SMPL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
SMPL
SMPL
WEX
WEX
Revenue
$340.2M
$652.7M
Net Profit
$25.3M
$65.8M
Gross Margin
32.3%
Operating Margin
11.0%
25.2%
Net Margin
7.4%
10.1%
Revenue YoY
-0.3%
-3.1%
Net Profit YoY
-33.7%
-15.3%
EPS (diluted)
$0.26

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
SMPL
SMPL
WEX
WEX
Q1 26
$652.7M
Q4 25
$340.2M
$465.1M
Q3 25
$481.6M
Q2 25
$381.0M
$454.4M
Q1 25
$444.3M
Q4 24
$341.3M
$440.3M
Q3 24
$375.7M
$479.0M
Q2 24
$334.8M
$478.6M
Net Profit
SMPL
SMPL
WEX
WEX
Q1 26
$65.8M
Q4 25
$25.3M
$84.2M
Q3 25
$80.3M
Q2 25
$41.1M
$68.1M
Q1 25
$71.5M
Q4 24
$38.1M
$63.9M
Q3 24
$29.3M
$102.9M
Q2 24
$41.3M
$77.0M
Gross Margin
SMPL
SMPL
WEX
WEX
Q1 26
Q4 25
32.3%
39.0%
Q3 25
43.0%
Q2 25
36.4%
40.0%
Q1 25
39.2%
Q4 24
38.2%
41.5%
Q3 24
38.8%
48.0%
Q2 24
39.9%
44.9%
Operating Margin
SMPL
SMPL
WEX
WEX
Q1 26
25.2%
Q4 25
11.0%
35.7%
Q3 25
38.1%
Q2 25
15.6%
34.5%
Q1 25
35.4%
Q4 24
16.0%
35.7%
Q3 24
12.7%
41.0%
Q2 24
17.6%
35.1%
Net Margin
SMPL
SMPL
WEX
WEX
Q1 26
10.1%
Q4 25
7.4%
18.1%
Q3 25
16.7%
Q2 25
10.8%
15.0%
Q1 25
16.1%
Q4 24
11.2%
14.5%
Q3 24
7.8%
21.5%
Q2 24
12.3%
16.1%
EPS (diluted)
SMPL
SMPL
WEX
WEX
Q1 26
Q4 25
$0.26
$2.38
Q3 25
$2.30
Q2 25
$0.40
$1.98
Q1 25
$1.81
Q4 24
$0.38
$1.60
Q3 24
$0.29
$2.52
Q2 24
$0.41
$1.83

Balance Sheet & Financial Strength

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

Metric
SMPL
SMPL
WEX
WEX
Cash + ST InvestmentsLiquidity on hand
$194.1M
$780.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.7B
Total Assets
$2.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMPL
SMPL
WEX
WEX
Q1 26
$780.0M
Q4 25
$194.1M
$5.2B
Q3 25
$4.9B
Q2 25
$98.0M
$4.9B
Q1 25
$4.4B
Q4 24
$121.8M
$4.4B
Q3 24
$132.5M
$4.3B
Q2 24
$208.7M
$4.0B
Total Debt
SMPL
SMPL
WEX
WEX
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$397.5M
Q2 24
$237.7M
Stockholders' Equity
SMPL
SMPL
WEX
WEX
Q1 26
Q4 25
$1.7B
$1.2B
Q3 25
$1.1B
Q2 25
$1.8B
$978.7M
Q1 25
$810.4M
Q4 24
$1.8B
$1.5B
Q3 24
$1.7B
$1.7B
Q2 24
$1.7B
$1.8B
Total Assets
SMPL
SMPL
WEX
WEX
Q1 26
Q4 25
$2.5B
$14.4B
Q3 25
$14.4B
Q2 25
$2.4B
$14.7B
Q1 25
$14.0B
Q4 24
$2.4B
$13.3B
Q3 24
$2.4B
$14.0B
Q2 24
$2.2B
$14.2B
Debt / Equity
SMPL
SMPL
WEX
WEX
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.23×
Q2 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
SMPL
SMPL
WEX
WEX
Operating Cash FlowLast quarter
$50.1M
Free Cash FlowOCF − Capex
$48.0M
$-9.2M
FCF MarginFCF / Revenue
14.1%
-1.4%
Capex IntensityCapex / Revenue
0.6%
5.2%
Cash ConversionOCF / Net Profit
1.98×
TTM Free Cash FlowTrailing 4 quarters
$223.6M
$818.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMPL
SMPL
WEX
WEX
Q1 26
Q4 25
$50.1M
$294.7M
Q3 25
$376.6M
Q2 25
$101.1M
$264.6M
Q1 25
$-481.6M
Q4 24
$32.0M
$638.4M
Q3 24
$48.9M
$3.3M
Q2 24
$72.8M
$-7.0M
Free Cash Flow
SMPL
SMPL
WEX
WEX
Q1 26
$-9.2M
Q4 25
$48.0M
$256.3M
Q3 25
$341.6M
Q2 25
$98.9M
$230.0M
Q1 25
$-514.2M
Q4 24
$31.7M
$599.7M
Q3 24
$45.0M
$-31.7M
Q2 24
$72.0M
$-46.6M
FCF Margin
SMPL
SMPL
WEX
WEX
Q1 26
-1.4%
Q4 25
14.1%
55.1%
Q3 25
70.9%
Q2 25
25.9%
50.6%
Q1 25
-115.7%
Q4 24
9.3%
136.2%
Q3 24
12.0%
-6.6%
Q2 24
21.5%
-9.7%
Capex Intensity
SMPL
SMPL
WEX
WEX
Q1 26
5.2%
Q4 25
0.6%
8.3%
Q3 25
7.3%
Q2 25
0.6%
7.6%
Q1 25
7.3%
Q4 24
0.1%
8.8%
Q3 24
1.0%
7.3%
Q2 24
0.2%
8.3%
Cash Conversion
SMPL
SMPL
WEX
WEX
Q1 26
Q4 25
1.98×
3.50×
Q3 25
4.69×
Q2 25
2.46×
3.89×
Q1 25
-6.74×
Q4 24
0.84×
9.99×
Q3 24
1.67×
0.03×
Q2 24
1.76×
-0.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SMPL
SMPL

Quest$211.4M62%
Atkins Domain$79.7M23%
OWYN$28.1M8%
Other$20.9M6%

WEX
WEX

Segment breakdown not available.

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