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Side-by-side financial comparison of ONE Group Hospitality, Inc. (STKS) and Xometry, Inc. (XMTR). 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 $192.4M, roughly 1.1× Xometry, Inc.). ONE Group Hospitality, Inc. runs the higher net margin — -3.1% vs -4.5%, a 1.4% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs -6.7%). ONE Group Hospitality, Inc. produced more free cash flow last quarter ($-329.0K vs $-5.9M). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs 25.2%).
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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
STKS vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $207.0M | $192.4M |
| Net Profit | $-6.4M | $-8.6M |
| Gross Margin | — | 39.1% |
| Operating Margin | 2.2% | -4.6% |
| Net Margin | -3.1% | -4.5% |
| Revenue YoY | -6.7% | 29.5% |
| Net Profit YoY | -531.8% | 12.7% |
| 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 | $192.4M | ||
| Q3 25 | $180.2M | $180.7M | ||
| Q2 25 | $207.4M | $162.5M | ||
| Q1 25 | $211.1M | $151.0M | ||
| Q4 24 | $221.9M | $148.5M | ||
| Q3 24 | $194.0M | $141.7M | ||
| Q2 24 | $172.5M | $132.6M | ||
| Q1 24 | $85.0M | $122.7M |
| Q4 25 | $-6.4M | $-8.6M | ||
| Q3 25 | $-76.7M | $-11.6M | ||
| Q2 25 | $-10.1M | $-26.4M | ||
| Q1 25 | $975.0K | $-15.1M | ||
| Q4 24 | $1.5M | $-9.9M | ||
| Q3 24 | $-9.3M | $-10.2M | ||
| Q2 24 | $-7.3M | $-13.7M | ||
| Q1 24 | $-2.1M | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 39.7% | ||
| Q3 24 | — | 39.4% | ||
| Q2 24 | — | 39.9% | ||
| Q1 24 | — | 39.0% |
| Q4 25 | 2.2% | -4.6% | ||
| Q3 25 | -4.4% | -6.1% | ||
| Q2 25 | 0.3% | -6.3% | ||
| Q1 25 | 5.1% | -10.2% | ||
| Q4 24 | 5.5% | -7.8% | ||
| Q3 24 | -1.9% | -8.1% | ||
| Q2 24 | 0.6% | -11.5% | ||
| Q1 24 | -0.7% | -14.6% |
| Q4 25 | -3.1% | -4.5% | ||
| Q3 25 | -42.6% | -6.4% | ||
| Q2 25 | -4.9% | -16.3% | ||
| Q1 25 | 0.5% | -10.0% | ||
| Q4 24 | 0.7% | -6.7% | ||
| Q3 24 | -4.8% | -7.2% | ||
| Q2 24 | -4.3% | -10.3% | ||
| Q1 24 | -2.4% | -13.5% |
| Q4 25 | $-0.50 | — | ||
| Q3 25 | $-2.75 | — | ||
| Q2 25 | $-0.59 | — | ||
| Q1 25 | $-0.21 | — | ||
| Q4 24 | $-0.18 | — | ||
| Q3 24 | $-0.53 | — | ||
| Q2 24 | $-0.38 | — | ||
| Q1 24 | $-0.07 | — |
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 | $219.1M |
| Total DebtLower is stronger | $354.2M | — |
| Stockholders' EquityBook value | $-75.8M | $275.6M |
| Total Assets | $884.2M | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.2M | $219.1M | ||
| Q3 25 | $5.5M | $224.5M | ||
| Q2 25 | $4.7M | $225.8M | ||
| Q1 25 | $21.4M | $231.4M | ||
| Q4 24 | $27.6M | $239.8M | ||
| Q3 24 | $28.2M | $234.0M | ||
| Q2 24 | $32.2M | $240.9M | ||
| Q1 24 | $15.4M | $253.8M |
| 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 | $275.6M | ||
| Q3 25 | $-61.5M | $272.0M | ||
| Q2 25 | $23.0M | $270.4M | ||
| Q1 25 | $40.5M | $309.9M | ||
| Q4 24 | $45.9M | $314.5M | ||
| Q3 24 | $51.4M | $315.2M | ||
| Q2 24 | $68.1M | $315.8M | ||
| Q1 24 | $68.3M | $320.4M |
| Q4 25 | $884.2M | $703.7M | ||
| Q3 25 | $879.5M | $698.9M | ||
| Q2 25 | $935.7M | $687.0M | ||
| Q1 25 | $956.0M | $690.1M | ||
| Q4 24 | $960.1M | $680.1M | ||
| Q3 24 | $953.5M | $678.2M | ||
| Q2 24 | $945.9M | $678.6M | ||
| Q1 24 | $309.3M | $692.5M |
| 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 | $4.4M |
| Free Cash FlowOCF − Capex | $-329.0K | $-5.9M |
| FCF MarginFCF / Revenue | -0.2% | -3.0% |
| Capex IntensityCapex / Revenue | 6.5% | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-27.3M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $4.4M | ||
| Q3 25 | $5.9M | $5.8M | ||
| Q2 25 | $2.8M | $-427.0K | ||
| Q1 25 | $8.5M | $-3.7M | ||
| Q4 24 | $18.5M | $9.1M | ||
| Q3 24 | $19.1M | $-3.6M | ||
| Q2 24 | $-3.8M | $-9.1M | ||
| Q1 24 | $10.4M | $-11.7M |
| Q4 25 | $-329.0K | $-5.9M | ||
| Q3 25 | $-6.1M | $-1.7M | ||
| Q2 25 | $-15.0M | $-7.4M | ||
| Q1 25 | $-5.8M | $-9.2M | ||
| Q4 24 | $733.0K | $4.5M | ||
| Q3 24 | $287.0K | $-8.4M | ||
| Q2 24 | $-23.0M | $-13.5M | ||
| Q1 24 | $-5.4M | $-16.1M |
| Q4 25 | -0.2% | -3.0% | ||
| Q3 25 | -3.4% | -0.9% | ||
| Q2 25 | -7.2% | -4.5% | ||
| Q1 25 | -2.7% | -6.1% | ||
| Q4 24 | 0.3% | 3.1% | ||
| Q3 24 | 0.1% | -6.0% | ||
| Q2 24 | -13.3% | -10.2% | ||
| Q1 24 | -6.4% | -13.1% |
| Q4 25 | 6.5% | 5.3% | ||
| Q3 25 | 6.7% | 4.1% | ||
| Q2 25 | 8.6% | 4.3% | ||
| Q1 25 | 6.8% | 3.6% | ||
| Q4 24 | 8.0% | 3.1% | ||
| Q3 24 | 9.7% | 3.4% | ||
| Q2 24 | 11.1% | 3.3% | ||
| Q1 24 | 18.6% | 3.5% |
| 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% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
