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Side-by-side financial comparison of ONE Group Hospitality, Inc. (STKS) and ZIFF DAVIS, INC. (ZD). Click either name above to swap in a different company.

ZIFF DAVIS, INC. is the larger business by last-quarter revenue ($406.7M vs $207.0M, roughly 2.0× ONE Group Hospitality, Inc.). ZIFF DAVIS, INC. runs the higher net margin — 0.1% vs -3.1%, a 3.2% gap on every dollar of revenue. On growth, ZIFF DAVIS, INC. posted the faster year-over-year revenue change (-1.5% vs -6.7%). ZIFF DAVIS, INC. produced more free cash flow last quarter ($157.8M vs $-329.0K). Over the past eight quarters, ONE Group Hospitality, Inc.'s revenue compounded faster (56.1% CAGR vs 13.7%).

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.

Ziff Davis, Inc. is an American digital media and Internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related services, Internet connectivity services, gaming and entertainment brands, and cybersecurity and martech tools. Previously, the company was predominantly a publisher of hobbyist magazines.

STKS vs ZD — Head-to-Head

Bigger by revenue
ZD
ZD
2.0× larger
ZD
$406.7M
$207.0M
STKS
Growing faster (revenue YoY)
ZD
ZD
+5.2% gap
ZD
-1.5%
-6.7%
STKS
Higher net margin
ZD
ZD
3.2% more per $
ZD
0.1%
-3.1%
STKS
More free cash flow
ZD
ZD
$158.1M more FCF
ZD
$157.8M
$-329.0K
STKS
Faster 2-yr revenue CAGR
STKS
STKS
Annualised
STKS
56.1%
13.7%
ZD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STKS
STKS
ZD
ZD
Revenue
$207.0M
$406.7M
Net Profit
$-6.4M
$370.0K
Gross Margin
85.9%
Operating Margin
2.2%
21.2%
Net Margin
-3.1%
0.1%
Revenue YoY
-6.7%
-1.5%
Net Profit YoY
-531.8%
-99.4%
EPS (diluted)
$-0.50
$0.06

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
STKS
STKS
ZD
ZD
Q4 25
$207.0M
$406.7M
Q3 25
$180.2M
$363.7M
Q2 25
$207.4M
$352.2M
Q1 25
$211.1M
$328.6M
Q4 24
$221.9M
$412.8M
Q3 24
$194.0M
$353.6M
Q2 24
$172.5M
$320.8M
Q1 24
$85.0M
$314.5M
Net Profit
STKS
STKS
ZD
ZD
Q4 25
$-6.4M
$370.0K
Q3 25
$-76.7M
$-3.6M
Q2 25
$-10.1M
$26.3M
Q1 25
$975.0K
$24.2M
Q4 24
$1.5M
$64.1M
Q3 24
$-9.3M
$-48.6M
Q2 24
$-7.3M
$36.9M
Q1 24
$-2.1M
$10.6M
Gross Margin
STKS
STKS
ZD
ZD
Q4 25
85.9%
Q3 25
85.4%
Q2 25
86.1%
Q1 25
85.6%
Q4 24
87.1%
Q3 24
85.5%
Q2 24
84.4%
Q1 24
85.4%
Operating Margin
STKS
STKS
ZD
ZD
Q4 25
2.2%
21.2%
Q3 25
-4.4%
7.8%
Q2 25
0.3%
9.5%
Q1 25
5.1%
10.7%
Q4 24
5.5%
19.0%
Q3 24
-1.9%
-8.3%
Q2 24
0.6%
8.9%
Q1 24
-0.7%
11.4%
Net Margin
STKS
STKS
ZD
ZD
Q4 25
-3.1%
0.1%
Q3 25
-42.6%
-1.0%
Q2 25
-4.9%
7.5%
Q1 25
0.5%
7.4%
Q4 24
0.7%
15.5%
Q3 24
-4.8%
-13.7%
Q2 24
-4.3%
11.5%
Q1 24
-2.4%
3.4%
EPS (diluted)
STKS
STKS
ZD
ZD
Q4 25
$-0.50
$0.06
Q3 25
$-2.75
$-0.09
Q2 25
$-0.59
$0.62
Q1 25
$-0.21
$0.56
Q4 24
$-0.18
$1.53
Q3 24
$-0.53
$-1.11
Q2 24
$-0.38
$0.77
Q1 24
$-0.07
$0.23

Balance Sheet & Financial Strength

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

Metric
STKS
STKS
ZD
ZD
Cash + ST InvestmentsLiquidity on hand
$4.2M
$607.0M
Total DebtLower is stronger
$354.2M
$866.5M
Stockholders' EquityBook value
$-75.8M
$1.8B
Total Assets
$884.2M
$3.7B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STKS
STKS
ZD
ZD
Q4 25
$4.2M
$607.0M
Q3 25
$5.5M
$503.4M
Q2 25
$4.7M
$457.3M
Q1 25
$21.4M
$431.0M
Q4 24
$27.6M
$505.9M
Q3 24
$28.2M
$386.1M
Q2 24
$32.2M
$687.2M
Q1 24
$15.4M
$751.2M
Total Debt
STKS
STKS
ZD
ZD
Q4 25
$354.2M
$866.5M
Q3 25
$355.0M
Q2 25
$347.4M
Q1 25
$348.3M
Q4 24
$348.3M
$864.3M
Q3 24
$349.1M
Q2 24
$350.0M
Q1 24
$73.5M
Stockholders' Equity
STKS
STKS
ZD
ZD
Q4 25
$-75.8M
$1.8B
Q3 25
$-61.5M
$1.8B
Q2 25
$23.0M
$1.8B
Q1 25
$40.5M
$1.8B
Q4 24
$45.9M
$1.8B
Q3 24
$51.4M
$1.8B
Q2 24
$68.1M
$1.9B
Q1 24
$68.3M
$1.9B
Total Assets
STKS
STKS
ZD
ZD
Q4 25
$884.2M
$3.7B
Q3 25
$879.5M
$3.5B
Q2 25
$935.7M
$3.5B
Q1 25
$956.0M
$3.5B
Q4 24
$960.1M
$3.7B
Q3 24
$953.5M
$3.4B
Q2 24
$945.9M
$3.7B
Q1 24
$309.3M
$3.7B
Debt / Equity
STKS
STKS
ZD
ZD
Q4 25
0.49×
Q3 25
Q2 25
15.07×
Q1 25
8.61×
Q4 24
7.59×
0.48×
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
STKS
STKS
ZD
ZD
Operating Cash FlowLast quarter
$13.1M
$191.1M
Free Cash FlowOCF − Capex
$-329.0K
$157.8M
FCF MarginFCF / Revenue
-0.2%
38.8%
Capex IntensityCapex / Revenue
6.5%
8.2%
Cash ConversionOCF / Net Profit
516.44×
TTM Free Cash FlowTrailing 4 quarters
$-27.3M
$287.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STKS
STKS
ZD
ZD
Q4 25
$13.1M
$191.1M
Q3 25
$5.9M
$138.3M
Q2 25
$2.8M
$57.1M
Q1 25
$8.5M
$20.6M
Q4 24
$18.5M
$158.2M
Q3 24
$19.1M
$106.0M
Q2 24
$-3.8M
$50.6M
Q1 24
$10.4M
$75.6M
Free Cash Flow
STKS
STKS
ZD
ZD
Q4 25
$-329.0K
$157.8M
Q3 25
$-6.1M
$108.2M
Q2 25
$-15.0M
$26.9M
Q1 25
$-5.8M
$-5.0M
Q4 24
$733.0K
$131.1M
Q3 24
$287.0K
$80.1M
Q2 24
$-23.0M
$25.1M
Q1 24
$-5.4M
$47.4M
FCF Margin
STKS
STKS
ZD
ZD
Q4 25
-0.2%
38.8%
Q3 25
-3.4%
29.7%
Q2 25
-7.2%
7.6%
Q1 25
-2.7%
-1.5%
Q4 24
0.3%
31.8%
Q3 24
0.1%
22.7%
Q2 24
-13.3%
7.8%
Q1 24
-6.4%
15.1%
Capex Intensity
STKS
STKS
ZD
ZD
Q4 25
6.5%
8.2%
Q3 25
6.7%
8.3%
Q2 25
8.6%
8.6%
Q1 25
6.8%
7.8%
Q4 24
8.0%
6.6%
Q3 24
9.7%
7.3%
Q2 24
11.1%
8.0%
Q1 24
18.6%
8.9%
Cash Conversion
STKS
STKS
ZD
ZD
Q4 25
516.44×
Q3 25
Q2 25
2.17×
Q1 25
8.76×
0.85×
Q4 24
12.54×
2.47×
Q3 24
Q2 24
1.37×
Q1 24
7.11×

Financial Flow Comparison

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

Revenue Breakdown by Segment

STKS
STKS

Benihanas$111.3M54%
Steakhouse Restaurant$59.2M29%
Grill Concepts$32.3M16%
Other$4.2M2%

ZD
ZD

Health And Wellness$114.8M28%
Technology And Shopping$108.9M27%
Cybersecurity And Martech Segment$70.9M17%
Connectivity$60.3M15%
Gaming And Entertainment$51.7M13%
Subscription And Licensing$2.9M1%

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