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Side-by-side financial comparison of Thryv Holdings, Inc. (THRY) 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 $191.6M, roughly 1.8× Thryv Holdings, Inc.). Thryv Holdings, Inc. runs the higher net margin — -5.0% vs -6.6%, a 1.6% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 2.7%). Westrock Coffee Co produced more free cash flow last quarter ($27.8M vs $12.3M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% CAGR vs -9.4%).

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

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.

THRY vs WEST — Head-to-Head

Bigger by revenue
WEST
WEST
1.8× larger
WEST
$339.5M
$191.6M
THRY
Growing faster (revenue YoY)
WEST
WEST
+45.6% gap
WEST
48.3%
2.7%
THRY
Higher net margin
THRY
THRY
1.6% more per $
THRY
-5.0%
-6.6%
WEST
More free cash flow
WEST
WEST
$15.5M more FCF
WEST
$27.8M
$12.3M
THRY
Faster 2-yr revenue CAGR
WEST
WEST
Annualised
WEST
32.8%
-9.4%
THRY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
THRY
THRY
WEST
WEST
Revenue
$191.6M
$339.5M
Net Profit
$-9.7M
$-22.6M
Gross Margin
68.0%
11.5%
Operating Margin
5.3%
-2.6%
Net Margin
-5.0%
-6.6%
Revenue YoY
2.7%
48.3%
Net Profit YoY
-222.5%
8.3%
EPS (diluted)
$-0.21
$-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.

Revenue
THRY
THRY
WEST
WEST
Q4 25
$191.6M
$339.5M
Q3 25
$201.6M
$354.8M
Q2 25
$210.5M
$280.9M
Q1 25
$181.4M
$213.8M
Q4 24
$186.6M
$229.0M
Q3 24
$179.9M
$220.9M
Q2 24
$224.1M
$208.4M
Q1 24
$233.6M
$192.5M
Net Profit
THRY
THRY
WEST
WEST
Q4 25
$-9.7M
$-22.6M
Q3 25
$5.7M
$-19.1M
Q2 25
$13.9M
$-21.6M
Q1 25
$-9.6M
$-27.2M
Q4 24
$7.9M
$-24.6M
Q3 24
$-96.1M
$-14.3M
Q2 24
$5.5M
$-17.8M
Q1 24
$8.4M
$-23.7M
Gross Margin
THRY
THRY
WEST
WEST
Q4 25
68.0%
11.5%
Q3 25
67.7%
11.7%
Q2 25
69.7%
14.7%
Q1 25
65.8%
13.6%
Q4 24
65.9%
16.6%
Q3 24
62.3%
16.8%
Q2 24
66.3%
19.9%
Q1 24
65.8%
19.4%
Operating Margin
THRY
THRY
WEST
WEST
Q4 25
5.3%
-2.6%
Q3 25
9.9%
-2.4%
Q2 25
14.0%
-5.3%
Q1 25
-1.7%
-6.1%
Q4 24
-3.9%
-4.3%
Q3 24
-49.2%
-5.8%
Q2 24
14.0%
-7.9%
Q1 24
13.3%
-5.3%
Net Margin
THRY
THRY
WEST
WEST
Q4 25
-5.0%
-6.6%
Q3 25
2.8%
-5.4%
Q2 25
6.6%
-7.7%
Q1 25
-5.3%
-12.7%
Q4 24
4.2%
-10.7%
Q3 24
-53.4%
-6.5%
Q2 24
2.5%
-8.5%
Q1 24
3.6%
-12.3%
EPS (diluted)
THRY
THRY
WEST
WEST
Q4 25
$-0.21
$-0.22
Q3 25
$0.13
$-0.20
Q2 25
$0.31
$-0.23
Q1 25
$-0.22
$-0.29
Q4 24
$0.28
$-0.26
Q3 24
$-2.65
$-0.16
Q2 24
$0.15
$-0.20
Q1 24
$0.22
$-0.27

Balance Sheet & Financial Strength

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

Metric
THRY
THRY
WEST
WEST
Cash + ST InvestmentsLiquidity on hand
$10.8M
$49.9M
Total DebtLower is stronger
$253.5M
$444.1M
Stockholders' EquityBook value
$218.1M
$-1.9M
Total Assets
$688.6M
$1.2B
Debt / EquityLower = less leverage
1.16×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THRY
THRY
WEST
WEST
Q4 25
$10.8M
$49.9M
Q3 25
$11.6M
$34.0M
Q2 25
$10.8M
$44.0M
Q1 25
$11.0M
$33.1M
Q4 24
$16.3M
$26.2M
Q3 24
$12.5M
$22.4M
Q2 24
$15.5M
$24.3M
Q1 24
$14.4M
$12.6M
Total Debt
THRY
THRY
WEST
WEST
Q4 25
$253.5M
$444.1M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$284.3M
$393.1M
Q3 24
$307.8M
Q2 24
$342.1M
Q1 24
$347.6M
Stockholders' Equity
THRY
THRY
WEST
WEST
Q4 25
$218.1M
$-1.9M
Q3 25
$221.1M
$11.4M
Q2 25
$214.9M
$18.2M
Q1 25
$193.2M
$71.4M
Q4 24
$196.9M
$97.5M
Q3 24
$94.5M
$110.3M
Q2 24
$183.1M
$81.5M
Q1 24
$167.1M
$91.7M
Total Assets
THRY
THRY
WEST
WEST
Q4 25
$688.6M
$1.2B
Q3 25
$701.8M
$1.2B
Q2 25
$687.7M
$1.2B
Q1 25
$703.7M
$1.1B
Q4 24
$712.2M
$1.1B
Q3 24
$654.8M
$1.1B
Q2 24
$785.5M
$1.1B
Q1 24
$786.8M
$983.3M
Debt / Equity
THRY
THRY
WEST
WEST
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
4.03×
Q3 24
3.26×
Q2 24
1.87×
Q1 24
2.08×

Cash Flow & Capital Efficiency

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

Metric
THRY
THRY
WEST
WEST
Operating Cash FlowLast quarter
$22.2M
$36.7M
Free Cash FlowOCF − Capex
$12.3M
$27.8M
FCF MarginFCF / Revenue
6.4%
8.2%
Capex IntensityCapex / Revenue
5.2%
2.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$31.1M
$-107.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
THRY
THRY
WEST
WEST
Q4 25
$22.2M
$36.7M
Q3 25
$22.2M
$-26.6M
Q2 25
$29.6M
$-7.0M
Q1 25
$-10.5M
$-22.1M
Q4 24
$26.1M
$2.8M
Q3 24
$36.0M
$-332.0K
Q2 24
$22.2M
$-23.7M
Q1 24
$5.4M
$8.0M
Free Cash Flow
THRY
THRY
WEST
WEST
Q4 25
$12.3M
$27.8M
Q3 25
$14.6M
$-44.7M
Q2 25
$21.8M
$-27.5M
Q1 25
$-17.6M
$-63.4M
Q4 24
$17.3M
$-15.4M
Q3 24
$27.5M
$-36.7M
Q2 24
$13.3M
$-59.9M
Q1 24
$-1.8M
$-60.9M
FCF Margin
THRY
THRY
WEST
WEST
Q4 25
6.4%
8.2%
Q3 25
7.2%
-12.6%
Q2 25
10.4%
-9.8%
Q1 25
-9.7%
-29.7%
Q4 24
9.3%
-6.7%
Q3 24
15.3%
-16.6%
Q2 24
5.9%
-28.7%
Q1 24
-0.8%
-31.7%
Capex Intensity
THRY
THRY
WEST
WEST
Q4 25
5.2%
2.6%
Q3 25
3.8%
5.1%
Q2 25
3.7%
7.3%
Q1 25
3.9%
19.3%
Q4 24
4.7%
7.9%
Q3 24
4.7%
16.5%
Q2 24
4.0%
17.4%
Q1 24
3.1%
35.8%
Cash Conversion
THRY
THRY
WEST
WEST
Q4 25
Q3 25
3.93×
Q2 25
2.12×
Q1 25
Q4 24
3.32×
Q3 24
Q2 24
4.01×
Q1 24
0.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

THRY
THRY

Software As A Service$119.0M62%
Print$56.2M29%
Digital$16.4M9%

WEST
WEST

Coffee And Tea$202.6M60%
Flavors Extracts And Ingredients$69.6M21%
Sustainable Sourcing And Traceability Segments$66.9M20%

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