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Side-by-side financial comparison of ONE Group Hospitality, Inc. (STKS) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
ONE Group Hospitality, Inc. is the larger business by last-quarter revenue ($207.0M vs $124.7M, roughly 1.7× SMITH & WESSON BRANDS, INC.). SMITH & WESSON BRANDS, INC. runs the higher net margin — 1.5% vs -3.1%, a 4.6% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -6.7%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs -4.8%).
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
STKS vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $207.0M | $124.7M |
| Net Profit | $-6.4M | $1.9M |
| Gross Margin | — | 24.3% |
| Operating Margin | 2.2% | 3.3% |
| Net Margin | -3.1% | 1.5% |
| Revenue YoY | -6.7% | -3.9% |
| Net Profit YoY | -531.8% | -53.6% |
| EPS (diluted) | $-0.50 | $0.04 |
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.
| Q4 25 | $207.0M | $124.7M | ||
| Q3 25 | $180.2M | $85.1M | ||
| Q2 25 | $207.4M | $140.8M | ||
| Q1 25 | $211.1M | $115.9M | ||
| Q4 24 | $221.9M | $129.7M | ||
| Q3 24 | $194.0M | $88.3M | ||
| Q2 24 | $172.5M | $159.1M | ||
| Q1 24 | $85.0M | $137.5M |
| Q4 25 | $-6.4M | $1.9M | ||
| Q3 25 | $-76.7M | $-3.4M | ||
| Q2 25 | $-10.1M | $8.6M | ||
| Q1 25 | $975.0K | $2.1M | ||
| Q4 24 | $1.5M | $4.5M | ||
| Q3 24 | $-9.3M | $-1.9M | ||
| Q2 24 | $-7.3M | $27.9M | ||
| Q1 24 | $-2.1M | $7.9M |
| Q4 25 | — | 24.3% | ||
| Q3 25 | — | 25.9% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 26.6% | ||
| Q3 24 | — | 27.4% | ||
| Q2 24 | — | 35.5% | ||
| Q1 24 | — | 28.7% |
| Q4 25 | 2.2% | 3.3% | ||
| Q3 25 | -4.4% | -3.5% | ||
| Q2 25 | 0.3% | 9.3% | ||
| Q1 25 | 5.1% | 4.1% | ||
| Q4 24 | 5.5% | 5.8% | ||
| Q3 24 | -1.9% | -1.7% | ||
| Q2 24 | 0.6% | 17.4% | ||
| Q1 24 | -0.7% | 8.2% |
| Q4 25 | -3.1% | 1.5% | ||
| Q3 25 | -42.6% | -4.0% | ||
| Q2 25 | -4.9% | 6.1% | ||
| Q1 25 | 0.5% | 1.8% | ||
| Q4 24 | 0.7% | 3.5% | ||
| Q3 24 | -4.8% | -2.1% | ||
| Q2 24 | -4.3% | 17.5% | ||
| Q1 24 | -2.4% | 5.7% |
| Q4 25 | $-0.50 | $0.04 | ||
| Q3 25 | $-2.75 | $-0.08 | ||
| Q2 25 | $-0.59 | $0.19 | ||
| Q1 25 | $-0.21 | $0.05 | ||
| Q4 24 | $-0.18 | $0.10 | ||
| Q3 24 | $-0.53 | $-0.04 | ||
| Q2 24 | $-0.38 | $0.60 | ||
| Q1 24 | $-0.07 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.2M | $22.4M |
| Total DebtLower is stronger | $354.2M | — |
| Stockholders' EquityBook value | $-75.8M | $363.2M |
| Total Assets | $884.2M | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $22.4M | ||
| Q3 25 | $5.5M | $18.0M | ||
| Q2 25 | $4.7M | $25.2M | ||
| Q1 25 | $21.4M | $26.7M | ||
| Q4 24 | $27.6M | $39.1M | ||
| Q3 24 | $28.2M | $35.5M | ||
| Q2 24 | $32.2M | $60.8M | ||
| Q1 24 | $15.4M | $47.4M |
| Q4 25 | $354.2M | — | ||
| Q3 25 | $355.0M | — | ||
| Q2 25 | $347.4M | — | ||
| Q1 25 | $348.3M | — | ||
| Q4 24 | $348.3M | — | ||
| Q3 24 | $349.1M | — | ||
| Q2 24 | $350.0M | — | ||
| Q1 24 | $73.5M | — |
| Q4 25 | $-75.8M | $363.2M | ||
| Q3 25 | $-61.5M | $364.4M | ||
| Q2 25 | $23.0M | $372.5M | ||
| Q1 25 | $40.5M | $366.9M | ||
| Q4 24 | $45.9M | $371.5M | ||
| Q3 24 | $51.4M | $380.0M | ||
| Q2 24 | $68.1M | $399.9M | ||
| Q1 24 | $68.3M | $376.4M |
| Q4 25 | $884.2M | $548.6M | ||
| Q3 25 | $879.5M | $554.6M | ||
| Q2 25 | $935.7M | $559.6M | ||
| Q1 25 | $956.0M | $578.9M | ||
| Q4 24 | $960.1M | $587.4M | ||
| Q3 24 | $953.5M | $571.3M | ||
| Q2 24 | $945.9M | $577.4M | ||
| Q1 24 | $309.3M | $570.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.07× | — | ||
| Q1 25 | 8.61× | — | ||
| Q4 24 | 7.59× | — | ||
| Q3 24 | 6.79× | — | ||
| Q2 24 | 5.14× | — | ||
| Q1 24 | 1.08× | — |
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 | $13.1M | $27.3M |
| Free Cash FlowOCF − Capex | $-329.0K | $16.3M |
| FCF MarginFCF / Revenue | -0.2% | 13.1% |
| Capex IntensityCapex / Revenue | 6.5% | 8.8% |
| Cash ConversionOCF / Net Profit | — | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-27.3M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $27.3M | ||
| Q3 25 | $5.9M | $-8.1M | ||
| Q2 25 | $2.8M | $40.8M | ||
| Q1 25 | $8.5M | $-9.8M | ||
| Q4 24 | $18.5M | $-7.4M | ||
| Q3 24 | $19.1M | $-30.8M | ||
| Q2 24 | $-3.8M | $43.7M | ||
| Q1 24 | $10.4M | $25.2M |
| Q4 25 | $-329.0K | $16.3M | ||
| Q3 25 | $-6.1M | $-12.4M | ||
| Q2 25 | $-15.0M | $33.5M | ||
| Q1 25 | $-5.8M | $-16.1M | ||
| Q4 24 | $733.0K | $-10.7M | ||
| Q3 24 | $287.0K | $-35.5M | ||
| Q2 24 | $-23.0M | $38.2M | ||
| Q1 24 | $-5.4M | $7.0M |
| Q4 25 | -0.2% | 13.1% | ||
| Q3 25 | -3.4% | -14.6% | ||
| Q2 25 | -7.2% | 23.8% | ||
| Q1 25 | -2.7% | -13.9% | ||
| Q4 24 | 0.3% | -8.3% | ||
| Q3 24 | 0.1% | -40.2% | ||
| Q2 24 | -13.3% | 24.0% | ||
| Q1 24 | -6.4% | 5.1% |
| Q4 25 | 6.5% | 8.8% | ||
| Q3 25 | 6.7% | 5.0% | ||
| Q2 25 | 8.6% | 5.2% | ||
| Q1 25 | 6.8% | 5.4% | ||
| Q4 24 | 8.0% | 2.5% | ||
| Q3 24 | 9.7% | 5.3% | ||
| Q2 24 | 11.1% | 3.5% | ||
| Q1 24 | 18.6% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.73× | ||
| Q1 25 | 8.76× | -4.68× | ||
| Q4 24 | 12.54× | -1.63× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.57× | ||
| Q1 24 | — | 3.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
STKS
| Benihanas | $111.3M | 54% |
| Steakhouse Restaurant | $59.2M | 29% |
| Grill Concepts | $32.3M | 16% |
| Other | $4.2M | 2% |
SWBI
Segment breakdown not available.
