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Side-by-side financial comparison of Virgin Galactic Holdings, Inc (SPCE) and Winchester Bancorp, Inc. (WSBK). Click either name above to swap in a different company.

Winchester Bancorp, Inc. is the larger business by last-quarter revenue ($6.4M vs $4.2M, roughly 1.5× Virgin Galactic Holdings, Inc). Winchester Bancorp, Inc. runs the higher net margin — 16.7% vs -2222.2%, a 2238.8% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs 45.8%).

Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.

Winchester Bancorp, Inc. (Maryland) is a regional bank holding company operating community banking outlets across Maryland. It provides a full range of retail and commercial financial services, including deposit accounts, mortgage loans, small business loans, and wealth management solutions, serving individual consumers and local small to medium-sized enterprise clients.

SPCE vs WSBK — Head-to-Head

Bigger by revenue
WSBK
WSBK
1.5× larger
WSBK
$6.4M
$4.2M
SPCE
Growing faster (revenue YoY)
SPCE
SPCE
+79.7% gap
SPCE
125.5%
45.8%
WSBK
Higher net margin
WSBK
WSBK
2238.8% more per $
WSBK
16.7%
-2222.2%
SPCE

Income Statement — Q2 FY2024 vs Q2 FY2026

Metric
SPCE
SPCE
WSBK
WSBK
Revenue
$4.2M
$6.4M
Net Profit
$-93.8M
$1.1M
Gross Margin
-546.6%
Operating Margin
-2412.1%
20.9%
Net Margin
-2222.2%
16.7%
Revenue YoY
125.5%
45.8%
Net Profit YoY
30.2%
187.9%
EPS (diluted)
$-4.36
$0.12

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
SPCE
SPCE
WSBK
WSBK
Q4 25
$6.4M
Q3 25
$5.8M
Q1 25
$4.4M
Q4 24
$4.4M
Q2 24
$4.2M
Q1 24
$2.0M
Q4 23
$2.8M
Q3 23
$1.7M
Net Profit
SPCE
SPCE
WSBK
WSBK
Q4 25
$1.1M
Q3 25
$962.0K
Q1 25
$305.0K
Q4 24
$373.0K
Q2 24
$-93.8M
Q1 24
$-102.0M
Q4 23
$-104.0M
Q3 23
$-104.6M
Gross Margin
SPCE
SPCE
WSBK
WSBK
Q4 25
Q3 25
Q1 25
Q4 24
Q2 24
-546.6%
Q1 24
-1038.1%
Q4 23
-766.4%
Q3 23
-1384.3%
Operating Margin
SPCE
SPCE
WSBK
WSBK
Q4 25
20.9%
Q3 25
22.8%
Q1 25
8.5%
Q4 24
9.4%
Q2 24
-2412.1%
Q1 24
-5599.9%
Q4 23
-4067.8%
Q3 23
-6613.0%
Net Margin
SPCE
SPCE
WSBK
WSBK
Q4 25
16.7%
Q3 25
16.6%
Q1 25
7.0%
Q4 24
8.4%
Q2 24
-2222.2%
Q1 24
-5139.1%
Q4 23
-3701.8%
Q3 23
-6053.5%
EPS (diluted)
SPCE
SPCE
WSBK
WSBK
Q4 25
$0.12
Q3 25
$0.11
Q1 25
Q4 24
Q2 24
$-4.36
Q1 24
$-5.10
Q4 23
$-14.49
Q3 23
$-5.57

Balance Sheet & Financial Strength

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

Metric
SPCE
SPCE
WSBK
WSBK
Cash + ST InvestmentsLiquidity on hand
$775.7M
$54.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$394.8M
$118.2M
Total Assets
$1.1B
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPCE
SPCE
WSBK
WSBK
Q4 25
$54.8M
Q3 25
$57.7M
Q1 25
$66.6M
Q4 24
$41.5M
Q2 24
$775.7M
Q1 24
$765.2M
Q4 23
$874.0M
Q3 23
$997.1M
Stockholders' Equity
SPCE
SPCE
WSBK
WSBK
Q4 25
$118.2M
Q3 25
$117.0M
Q1 25
$80.9M
Q4 24
$80.3M
Q2 24
$394.8M
Q1 24
$417.6M
Q4 23
$505.5M
Q3 23
$599.4M
Total Assets
SPCE
SPCE
WSBK
WSBK
Q4 25
$1.0B
Q3 25
$1.0B
Q1 25
$923.1M
Q4 24
$894.1M
Q2 24
$1.1B
Q1 24
$1.1B
Q4 23
$1.2B
Q3 23
$1.3B

Cash Flow & Capital Efficiency

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

Metric
SPCE
SPCE
WSBK
WSBK
Operating Cash FlowLast quarter
$-79.1M
$1.6M
Free Cash FlowOCF − Capex
$-113.5M
FCF MarginFCF / Revenue
-2690.7%
Capex IntensityCapex / Revenue
815.5%
Cash ConversionOCF / Net Profit
1.44×
TTM Free Cash FlowTrailing 4 quarters
$-458.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPCE
SPCE
WSBK
WSBK
Q4 25
$1.6M
Q3 25
$1.4M
Q1 25
$848.0K
Q4 24
Q2 24
$-79.1M
Q1 24
$-113.2M
Q4 23
$-95.3M
Q3 23
$-91.5M
Free Cash Flow
SPCE
SPCE
WSBK
WSBK
Q4 25
Q3 25
Q1 25
Q4 24
Q2 24
$-113.5M
Q1 24
$-126.3M
Q4 23
$-113.7M
Q3 23
$-104.8M
FCF Margin
SPCE
SPCE
WSBK
WSBK
Q4 25
Q3 25
Q1 25
Q4 24
Q2 24
-2690.7%
Q1 24
-6362.8%
Q4 23
-4046.9%
Q3 23
-6066.1%
Capex Intensity
SPCE
SPCE
WSBK
WSBK
Q4 25
Q3 25
Q1 25
Q4 24
Q2 24
815.5%
Q1 24
658.5%
Q4 23
653.9%
Q3 23
771.1%
Cash Conversion
SPCE
SPCE
WSBK
WSBK
Q4 25
1.44×
Q3 25
1.41×
Q1 25
2.78×
Q4 24
Q2 24
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

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