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Side-by-side financial comparison of ONE Group Hospitality, Inc. (STKS) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
Westrock Coffee Co is the larger business by last-quarter revenue ($339.5M vs $207.0M, roughly 1.6× ONE Group Hospitality, Inc.). ONE Group Hospitality, Inc. runs the higher net margin — -3.1% vs -6.6%, a 3.6% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs -6.7%). Westrock Coffee Co produced more free cash flow last quarter ($27.8M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs 32.8%).
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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
STKS vs WEST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $207.0M | $339.5M |
| Net Profit | $-6.4M | $-22.6M |
| Gross Margin | — | 11.5% |
| Operating Margin | 2.2% | -2.6% |
| Net Margin | -3.1% | -6.6% |
| Revenue YoY | -6.7% | 48.3% |
| Net Profit YoY | -531.8% | 8.3% |
| EPS (diluted) | $-0.50 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $180.2M | $354.8M | ||
| Q2 25 | $207.4M | $280.9M | ||
| Q1 25 | $211.1M | $213.8M | ||
| Q4 24 | $221.9M | $229.0M | ||
| Q3 24 | $194.0M | $220.9M | ||
| Q2 24 | $172.5M | $208.4M | ||
| Q1 24 | $85.0M | $192.5M |
| Q4 25 | $-6.4M | $-22.6M | ||
| Q3 25 | $-76.7M | $-19.1M | ||
| Q2 25 | $-10.1M | $-21.6M | ||
| Q1 25 | $975.0K | $-27.2M | ||
| Q4 24 | $1.5M | $-24.6M | ||
| Q3 24 | $-9.3M | $-14.3M | ||
| Q2 24 | $-7.3M | $-17.8M | ||
| Q1 24 | $-2.1M | $-23.7M |
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | 2.2% | -2.6% | ||
| Q3 25 | -4.4% | -2.4% | ||
| Q2 25 | 0.3% | -5.3% | ||
| Q1 25 | 5.1% | -6.1% | ||
| Q4 24 | 5.5% | -4.3% | ||
| Q3 24 | -1.9% | -5.8% | ||
| Q2 24 | 0.6% | -7.9% | ||
| Q1 24 | -0.7% | -5.3% |
| Q4 25 | -3.1% | -6.6% | ||
| Q3 25 | -42.6% | -5.4% | ||
| Q2 25 | -4.9% | -7.7% | ||
| Q1 25 | 0.5% | -12.7% | ||
| Q4 24 | 0.7% | -10.7% | ||
| Q3 24 | -4.8% | -6.5% | ||
| Q2 24 | -4.3% | -8.5% | ||
| Q1 24 | -2.4% | -12.3% |
| Q4 25 | $-0.50 | $-0.22 | ||
| Q3 25 | $-2.75 | $-0.20 | ||
| Q2 25 | $-0.59 | $-0.23 | ||
| Q1 25 | $-0.21 | $-0.29 | ||
| Q4 24 | $-0.18 | $-0.26 | ||
| Q3 24 | $-0.53 | $-0.16 | ||
| Q2 24 | $-0.38 | $-0.20 | ||
| Q1 24 | $-0.07 | $-0.27 |
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 | $49.9M |
| Total DebtLower is stronger | $354.2M | $444.1M |
| Stockholders' EquityBook value | $-75.8M | $-1.9M |
| Total Assets | $884.2M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $49.9M | ||
| Q3 25 | $5.5M | $34.0M | ||
| Q2 25 | $4.7M | $44.0M | ||
| Q1 25 | $21.4M | $33.1M | ||
| Q4 24 | $27.6M | $26.2M | ||
| Q3 24 | $28.2M | $22.4M | ||
| Q2 24 | $32.2M | $24.3M | ||
| Q1 24 | $15.4M | $12.6M |
| Q4 25 | $354.2M | $444.1M | ||
| Q3 25 | $355.0M | — | ||
| Q2 25 | $347.4M | — | ||
| Q1 25 | $348.3M | — | ||
| Q4 24 | $348.3M | $393.1M | ||
| Q3 24 | $349.1M | — | ||
| Q2 24 | $350.0M | — | ||
| Q1 24 | $73.5M | — |
| Q4 25 | $-75.8M | $-1.9M | ||
| Q3 25 | $-61.5M | $11.4M | ||
| Q2 25 | $23.0M | $18.2M | ||
| Q1 25 | $40.5M | $71.4M | ||
| Q4 24 | $45.9M | $97.5M | ||
| Q3 24 | $51.4M | $110.3M | ||
| Q2 24 | $68.1M | $81.5M | ||
| Q1 24 | $68.3M | $91.7M |
| Q4 25 | $884.2M | $1.2B | ||
| Q3 25 | $879.5M | $1.2B | ||
| Q2 25 | $935.7M | $1.2B | ||
| Q1 25 | $956.0M | $1.1B | ||
| Q4 24 | $960.1M | $1.1B | ||
| Q3 24 | $953.5M | $1.1B | ||
| Q2 24 | $945.9M | $1.1B | ||
| Q1 24 | $309.3M | $983.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.07× | — | ||
| Q1 25 | 8.61× | — | ||
| Q4 24 | 7.59× | 4.03× | ||
| 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 | $36.7M |
| Free Cash FlowOCF − Capex | $-329.0K | $27.8M |
| FCF MarginFCF / Revenue | -0.2% | 8.2% |
| Capex IntensityCapex / Revenue | 6.5% | 2.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-27.3M | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $36.7M | ||
| Q3 25 | $5.9M | $-26.6M | ||
| Q2 25 | $2.8M | $-7.0M | ||
| Q1 25 | $8.5M | $-22.1M | ||
| Q4 24 | $18.5M | $2.8M | ||
| Q3 24 | $19.1M | $-332.0K | ||
| Q2 24 | $-3.8M | $-23.7M | ||
| Q1 24 | $10.4M | $8.0M |
| Q4 25 | $-329.0K | $27.8M | ||
| Q3 25 | $-6.1M | $-44.7M | ||
| Q2 25 | $-15.0M | $-27.5M | ||
| Q1 25 | $-5.8M | $-63.4M | ||
| Q4 24 | $733.0K | $-15.4M | ||
| Q3 24 | $287.0K | $-36.7M | ||
| Q2 24 | $-23.0M | $-59.9M | ||
| Q1 24 | $-5.4M | $-60.9M |
| Q4 25 | -0.2% | 8.2% | ||
| Q3 25 | -3.4% | -12.6% | ||
| Q2 25 | -7.2% | -9.8% | ||
| Q1 25 | -2.7% | -29.7% | ||
| Q4 24 | 0.3% | -6.7% | ||
| Q3 24 | 0.1% | -16.6% | ||
| Q2 24 | -13.3% | -28.7% | ||
| Q1 24 | -6.4% | -31.7% |
| Q4 25 | 6.5% | 2.6% | ||
| Q3 25 | 6.7% | 5.1% | ||
| Q2 25 | 8.6% | 7.3% | ||
| Q1 25 | 6.8% | 19.3% | ||
| Q4 24 | 8.0% | 7.9% | ||
| Q3 24 | 9.7% | 16.5% | ||
| Q2 24 | 11.1% | 17.4% | ||
| Q1 24 | 18.6% | 35.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 8.76× | — | ||
| Q4 24 | 12.54× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
