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Side-by-side financial comparison of ONE Group Hospitality, Inc. (STKS) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $207.0M, roughly 1.2× ONE Group Hospitality, Inc.). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs -3.1%, a 14.3% gap on every dollar of revenue. On growth, ONE Group Hospitality, Inc. posted the faster year-over-year revenue change (-6.7% vs -15.3%). ONE Group Hospitality, Inc. produced more free cash flow last quarter ($-329.0K vs $-88.0M). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
STKS vs XIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $207.0M | $249.0M |
| Net Profit | $-6.4M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | 2.2% | -19.3% |
| Net Margin | -3.1% | 11.2% |
| Revenue YoY | -6.7% | -15.3% |
| Net Profit YoY | -531.8% | 124.3% |
| EPS (diluted) | $-0.50 | — |
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 | $249.0M | ||
| Q3 25 | $180.2M | $315.0M | ||
| Q2 25 | $207.4M | $342.0M | ||
| Q1 25 | $211.1M | $282.0M | ||
| Q4 24 | $221.9M | $294.0M | ||
| Q3 24 | $194.0M | $319.0M | ||
| Q2 24 | $172.5M | $360.0M | ||
| Q1 24 | $85.0M | $257.0M |
| Q4 25 | $-6.4M | $28.0M | ||
| Q3 25 | $-76.7M | $-37.0M | ||
| Q2 25 | $-10.1M | $79.0M | ||
| Q1 25 | $975.0K | $-98.0M | ||
| Q4 24 | $1.5M | $-115.0M | ||
| Q3 24 | $-9.3M | $-40.0M | ||
| Q2 24 | $-7.3M | $62.0M | ||
| Q1 24 | $-2.1M | $70.0M |
| Q4 25 | 2.2% | -19.3% | ||
| Q3 25 | -4.4% | 1.6% | ||
| Q2 25 | 0.3% | 26.3% | ||
| Q1 25 | 5.1% | -82.6% | ||
| Q4 24 | 5.5% | -188.1% | ||
| Q3 24 | -1.9% | 15.4% | ||
| Q2 24 | 0.6% | 18.3% | ||
| Q1 24 | -0.7% | -8.2% |
| Q4 25 | -3.1% | 11.2% | ||
| Q3 25 | -42.6% | -11.7% | ||
| Q2 25 | -4.9% | 23.1% | ||
| Q1 25 | 0.5% | -34.8% | ||
| Q4 24 | 0.7% | -39.1% | ||
| Q3 24 | -4.8% | -12.5% | ||
| Q2 24 | -4.3% | 17.2% | ||
| Q1 24 | -2.4% | 27.2% |
| Q4 25 | $-0.50 | — | ||
| Q3 25 | $-2.75 | $-0.40 | ||
| Q2 25 | $-0.59 | $0.84 | ||
| Q1 25 | $-0.21 | $-1.05 | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.53 | $-0.43 | ||
| Q2 24 | $-0.38 | $0.66 | ||
| Q1 24 | $-0.07 | $0.75 |
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 | $960.0M |
| Total DebtLower is stronger | $354.2M | $6.2B |
| Stockholders' EquityBook value | $-75.8M | $10.9B |
| Total Assets | $884.2M | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $960.0M | ||
| Q3 25 | $5.5M | $711.0M | ||
| Q2 25 | $4.7M | $880.0M | ||
| Q1 25 | $21.4M | $1.5B | ||
| Q4 24 | $27.6M | $283.0M | ||
| Q3 24 | $28.2M | $290.0M | ||
| Q2 24 | $32.2M | $281.0M | ||
| Q1 24 | $15.4M | $245.0M |
| Q4 25 | $354.2M | $6.2B | ||
| Q3 25 | $355.0M | — | ||
| Q2 25 | $347.4M | — | ||
| Q1 25 | $348.3M | — | ||
| Q4 24 | $348.3M | $5.3B | ||
| Q3 24 | $349.1M | — | ||
| Q2 24 | $350.0M | — | ||
| Q1 24 | $73.5M | — |
| Q4 25 | $-75.8M | $10.9B | ||
| Q3 25 | $-61.5M | $11.0B | ||
| Q2 25 | $23.0M | $11.3B | ||
| Q1 25 | $40.5M | $12.6B | ||
| Q4 24 | $45.9M | $12.9B | ||
| Q3 24 | $51.4M | $13.6B | ||
| Q2 24 | $68.1M | $13.9B | ||
| Q1 24 | $68.3M | $14.0B |
| Q4 25 | $884.2M | $19.6B | ||
| Q3 25 | $879.5M | $19.1B | ||
| Q2 25 | $935.7M | $20.5B | ||
| Q1 25 | $956.0M | $21.4B | ||
| Q4 24 | $960.1M | $20.3B | ||
| Q3 24 | $953.5M | $20.9B | ||
| Q2 24 | $945.9M | $21.7B | ||
| Q1 24 | $309.3M | $22.3B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | 15.07× | — | ||
| Q1 25 | 8.61× | — | ||
| Q4 24 | 7.59× | 0.41× | ||
| 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 | $186.0M |
| Free Cash FlowOCF − Capex | $-329.0K | $-88.0M |
| FCF MarginFCF / Revenue | -0.2% | -35.3% |
| Capex IntensityCapex / Revenue | 6.5% | 110.0% |
| Cash ConversionOCF / Net Profit | — | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | $-27.3M | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $186.0M | ||
| Q3 25 | $5.9M | $231.0M | ||
| Q2 25 | $2.8M | $232.0M | ||
| Q1 25 | $8.5M | $90.0M | ||
| Q4 24 | $18.5M | $283.0M | ||
| Q3 24 | $19.1M | $208.0M | ||
| Q2 24 | $-3.8M | $231.0M | ||
| Q1 24 | $10.4M | $78.0M |
| Q4 25 | $-329.0K | $-88.0M | ||
| Q3 25 | $-6.1M | $-283.0M | ||
| Q2 25 | $-15.0M | $151.0M | ||
| Q1 25 | $-5.8M | $1.0M | ||
| Q4 24 | $733.0K | $231.0M | ||
| Q3 24 | $287.0K | $152.0M | ||
| Q2 24 | $-23.0M | $162.0M | ||
| Q1 24 | $-5.4M | $14.0M |
| Q4 25 | -0.2% | -35.3% | ||
| Q3 25 | -3.4% | -89.8% | ||
| Q2 25 | -7.2% | 44.2% | ||
| Q1 25 | -2.7% | 0.4% | ||
| Q4 24 | 0.3% | 78.6% | ||
| Q3 24 | 0.1% | 47.6% | ||
| Q2 24 | -13.3% | 45.0% | ||
| Q1 24 | -6.4% | 5.4% |
| Q4 25 | 6.5% | 110.0% | ||
| Q3 25 | 6.7% | 163.2% | ||
| Q2 25 | 8.6% | 23.7% | ||
| Q1 25 | 6.8% | 31.6% | ||
| Q4 24 | 8.0% | 17.7% | ||
| Q3 24 | 9.7% | 17.6% | ||
| Q2 24 | 11.1% | 19.2% | ||
| Q1 24 | 18.6% | 24.9% |
| Q4 25 | — | 6.64× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.94× | ||
| Q1 25 | 8.76× | — | ||
| Q4 24 | 12.54× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.73× | ||
| Q1 24 | — | 1.11× |
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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
