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Side-by-side financial comparison of T1 Energy Inc. (TE) and Wingstop Inc. (WING). Click either name above to swap in a different company.

T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $183.7M, roughly 1.1× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs -62.0%, a 78.3% gap on every dollar of revenue.

Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

TE vs WING — Head-to-Head

Bigger by revenue
TE
TE
1.1× larger
TE
$210.5M
$183.7M
WING
Higher net margin
WING
WING
78.3% more per $
WING
16.3%
-62.0%
TE

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
TE
TE
WING
WING
Revenue
$210.5M
$183.7M
Net Profit
$-130.6M
$29.9M
Gross Margin
10.0%
86.5%
Operating Margin
-45.0%
27.4%
Net Margin
-62.0%
16.3%
Revenue YoY
7.4%
Net Profit YoY
-375.2%
EPS (diluted)
$-0.87
$1.08

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
TE
TE
WING
WING
Q1 26
$183.7M
Q4 25
$175.7M
Q3 25
$210.5M
$175.7M
Q2 25
$132.8M
$174.3M
Q1 25
$53.5M
$171.1M
Q4 24
$161.8M
Q3 24
$0
$162.5M
Q2 24
$0
$155.7M
Net Profit
TE
TE
WING
WING
Q1 26
$29.9M
Q4 25
$26.8M
Q3 25
$-130.6M
$28.5M
Q2 25
$-31.9M
$26.8M
Q1 25
$-16.2M
$92.3M
Q4 24
$26.8M
Q3 24
$-27.5M
$25.7M
Q2 24
$-27.0M
$27.5M
Gross Margin
TE
TE
WING
WING
Q1 26
86.5%
Q4 25
Q3 25
10.0%
Q2 25
24.7%
Q1 25
33.3%
Q4 24
85.6%
Q3 24
85.0%
Q2 24
85.4%
Operating Margin
TE
TE
WING
WING
Q1 26
27.4%
Q4 25
26.7%
Q3 25
-45.0%
27.9%
Q2 25
-22.0%
25.9%
Q1 25
-44.2%
22.4%
Q4 24
25.9%
Q3 24
24.5%
Q2 24
26.5%
Net Margin
TE
TE
WING
WING
Q1 26
16.3%
Q4 25
15.2%
Q3 25
-62.0%
16.2%
Q2 25
-24.0%
15.4%
Q1 25
-30.4%
53.9%
Q4 24
16.5%
Q3 24
15.8%
Q2 24
17.7%
EPS (diluted)
TE
TE
WING
WING
Q1 26
$1.08
Q4 25
$0.99
Q3 25
$-0.87
$1.02
Q2 25
$-0.21
$0.96
Q1 25
$-0.11
$3.24
Q4 24
$0.91
Q3 24
$-0.20
$0.88
Q2 24
$-0.19
$0.93

Balance Sheet & Financial Strength

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

Metric
TE
TE
WING
WING
Cash + ST InvestmentsLiquidity on hand
$34.1M
$128.8M
Total DebtLower is stronger
$547.3M
Stockholders' EquityBook value
$96.9M
Total Assets
$1.4B
$648.9M
Debt / EquityLower = less leverage
5.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TE
TE
WING
WING
Q1 26
$128.8M
Q4 25
$196.6M
Q3 25
$34.1M
$237.6M
Q2 25
$8.5M
$227.9M
Q1 25
$48.9M
$251.4M
Q4 24
$315.9M
Q3 24
$181.9M
$84.0M
Q2 24
$219.6M
$96.7M
Total Debt
TE
TE
WING
WING
Q1 26
Q4 25
$1.2B
Q3 25
$547.3M
Q2 25
$591.2M
Q1 25
$603.2M
Q4 24
$1.2B
Q3 24
Q2 24
Stockholders' Equity
TE
TE
WING
WING
Q1 26
Q4 25
$-736.8M
Q3 25
$96.9M
$-702.6M
Q2 25
$183.9M
$-686.0M
Q1 25
$201.9M
$-715.0M
Q4 24
$-675.6M
Q3 24
$538.7M
$-447.5M
Q2 24
$561.6M
$-437.5M
Total Assets
TE
TE
WING
WING
Q1 26
$648.9M
Q4 25
$693.4M
Q3 25
$1.4B
$721.0M
Q2 25
$1.4B
$708.3M
Q1 25
$1.4B
$696.8M
Q4 24
$716.2M
Q3 24
$615.0M
$484.8M
Q2 24
$644.4M
$451.8M
Debt / Equity
TE
TE
WING
WING
Q1 26
Q4 25
Q3 25
5.65×
Q2 25
3.21×
Q1 25
2.99×
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TE
TE
WING
WING
Operating Cash FlowLast quarter
$63.9M
Free Cash FlowOCF − Capex
$55.0M
FCF MarginFCF / Revenue
26.1%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-42.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TE
TE
WING
WING
Q1 26
Q4 25
$57.3M
Q3 25
$63.9M
$63.9M
Q2 25
$33.4M
$6.6M
Q1 25
$-44.8M
$25.3M
Q4 24
$7.7M
Q3 24
$-28.4M
$69.0M
Q2 24
$-28.0M
$36.2M
Free Cash Flow
TE
TE
WING
WING
Q1 26
Q4 25
$34.5M
Q3 25
$55.0M
$61.7M
Q2 25
$10.6M
$-7.8M
Q1 25
$-74.0M
$17.3M
Q4 24
$-8.6M
Q3 24
$-34.0M
$54.9M
Q2 24
$-35.6M
$25.9M
FCF Margin
TE
TE
WING
WING
Q1 26
Q4 25
19.6%
Q3 25
26.1%
35.1%
Q2 25
8.0%
-4.5%
Q1 25
-138.4%
10.1%
Q4 24
-5.3%
Q3 24
33.8%
Q2 24
16.6%
Capex Intensity
TE
TE
WING
WING
Q1 26
Q4 25
13.0%
Q3 25
4.2%
1.3%
Q2 25
17.2%
8.2%
Q1 25
54.5%
4.7%
Q4 24
10.1%
Q3 24
8.7%
Q2 24
6.6%
Cash Conversion
TE
TE
WING
WING
Q1 26
Q4 25
2.14×
Q3 25
2.24×
Q2 25
0.25×
Q1 25
0.27×
Q4 24
0.29×
Q3 24
2.68×
Q2 24
1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TE
TE

Related Party$120.1M57%
Nonrelated Party$90.4M43%

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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