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Side-by-side financial comparison of Thryv Holdings, Inc. (THRY) and WW INTERNATIONAL, INC. (WW). Click either name above to swap in a different company.

WW INTERNATIONAL, INC. is the larger business by last-quarter revenue ($184.3M vs $167.7M, roughly 1.1× Thryv Holdings, Inc.). Thryv Holdings, Inc. runs the higher net margin — 2.7% vs -30.5%, a 33.2% gap on every dollar of revenue. On growth, WW INTERNATIONAL, INC. posted the faster year-over-year revenue change (-4.5% vs -7.5%). WW INTERNATIONAL, INC. produced more free cash flow last quarter ($8.4M vs $-5.5M). Over the past eight quarters, WW INTERNATIONAL, INC.'s revenue compounded faster (-7.4% CAGR vs -13.5%).

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.

WW International, Inc., formerly Weight Watchers International, Inc., is a global company headquartered in the U.S. that offers weight loss and maintenance, fitness, and mindset services such as the Weight Watchers comprehensive diet program. Founded in 1963 by Queens, New York City homemaker Jean Nidetch, WW's program has three options as of 2019: online via its mobile app and website, coaching online or by phone, or in-person meetings.

THRY vs WW — Head-to-Head

Bigger by revenue
WW
WW
1.1× larger
WW
$184.3M
$167.7M
THRY
Growing faster (revenue YoY)
WW
WW
+3.1% gap
WW
-4.5%
-7.5%
THRY
Higher net margin
THRY
THRY
33.2% more per $
THRY
2.7%
-30.5%
WW
More free cash flow
WW
WW
$13.9M more FCF
WW
$8.4M
$-5.5M
THRY
Faster 2-yr revenue CAGR
WW
WW
Annualised
WW
-7.4%
-13.5%
THRY

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
THRY
THRY
WW
WW
Revenue
$167.7M
$184.3M
Net Profit
$4.5M
$-56.3M
Gross Margin
65.2%
72.2%
Operating Margin
37.3%
5.8%
Net Margin
2.7%
-30.5%
Revenue YoY
-7.5%
-4.5%
Net Profit YoY
147.2%
-21.8%
EPS (diluted)
$0.10
$-5.63

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
WW
WW
Q1 26
$167.7M
Q4 25
$191.6M
Q3 25
$201.6M
$184.3M
Q2 25
$210.5M
Q1 25
$181.4M
$186.6M
Q4 24
$186.6M
$184.4M
Q3 24
$179.9M
$192.9M
Q2 24
$224.1M
$202.1M
Net Profit
THRY
THRY
WW
WW
Q1 26
$4.5M
Q4 25
$-9.7M
Q3 25
$5.7M
$-56.3M
Q2 25
$13.9M
Q1 25
$-9.6M
$-72.6M
Q4 24
$7.9M
$25.1M
Q3 24
$-96.1M
$-46.2M
Q2 24
$5.5M
$23.3M
Gross Margin
THRY
THRY
WW
WW
Q1 26
65.2%
Q4 25
68.0%
Q3 25
67.7%
72.2%
Q2 25
69.7%
Q1 25
65.8%
71.2%
Q4 24
65.9%
69.7%
Q3 24
62.3%
67.1%
Q2 24
66.3%
67.9%
Operating Margin
THRY
THRY
WW
WW
Q1 26
37.3%
Q4 25
5.3%
Q3 25
9.9%
5.8%
Q2 25
14.0%
Q1 25
-1.7%
-10.8%
Q4 24
-3.9%
19.6%
Q3 24
-49.2%
-20.2%
Q2 24
14.0%
17.8%
Net Margin
THRY
THRY
WW
WW
Q1 26
2.7%
Q4 25
-5.0%
Q3 25
2.8%
-30.5%
Q2 25
6.6%
Q1 25
-5.3%
-38.9%
Q4 24
4.2%
13.6%
Q3 24
-53.4%
-23.9%
Q2 24
2.5%
11.5%
EPS (diluted)
THRY
THRY
WW
WW
Q1 26
$0.10
Q4 25
$-0.21
Q3 25
$0.13
$-5.63
Q2 25
$0.31
Q1 25
$-0.22
$-0.91
Q4 24
$0.28
$0.34
Q3 24
$-2.65
$-0.58
Q2 24
$0.15
$0.29

Balance Sheet & Financial Strength

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

Metric
THRY
THRY
WW
WW
Cash + ST InvestmentsLiquidity on hand
$8.0M
$170.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$225.4M
$323.0M
Total Assets
$693.7M
$968.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THRY
THRY
WW
WW
Q1 26
$8.0M
Q4 25
$10.8M
Q3 25
$11.6M
$170.1M
Q2 25
$10.8M
Q1 25
$11.0M
$236.3M
Q4 24
$16.3M
$53.0M
Q3 24
$12.5M
$57.2M
Q2 24
$15.5M
$42.7M
Total Debt
THRY
THRY
WW
WW
Q1 26
Q4 25
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$284.3M
$1.4B
Q3 24
$307.8M
$1.4B
Q2 24
$342.1M
$1.4B
Stockholders' Equity
THRY
THRY
WW
WW
Q1 26
$225.4M
Q4 25
$218.1M
Q3 25
$221.1M
$323.0M
Q2 25
$214.9M
Q1 25
$193.2M
$-1.2B
Q4 24
$196.9M
$-1.1B
Q3 24
$94.5M
$-1.1B
Q2 24
$183.1M
$-1.1B
Total Assets
THRY
THRY
WW
WW
Q1 26
$693.7M
Q4 25
$688.6M
Q3 25
$701.8M
$968.8M
Q2 25
$687.7M
Q1 25
$703.7M
$696.9M
Q4 24
$712.2M
$550.3M
Q3 24
$654.8M
$562.4M
Q2 24
$785.5M
$614.3M
Debt / Equity
THRY
THRY
WW
WW
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×

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
WW
WW
Operating Cash FlowLast quarter
$8.4M
Free Cash FlowOCF − Capex
$-5.5M
$8.4M
FCF MarginFCF / Revenue
-3.3%
4.6%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.3M
$44.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
THRY
THRY
WW
WW
Q1 26
Q4 25
$22.2M
Q3 25
$22.2M
$8.4M
Q2 25
$29.6M
Q1 25
$-10.5M
$15.0M
Q4 24
$26.1M
$4.6M
Q3 24
$36.0M
$16.5M
Q2 24
$22.2M
$-1.9M
Free Cash Flow
THRY
THRY
WW
WW
Q1 26
$-5.5M
Q4 25
$12.3M
Q3 25
$14.6M
$8.4M
Q2 25
$21.8M
Q1 25
$-17.6M
$15.0M
Q4 24
$17.3M
$4.5M
Q3 24
$27.5M
$16.4M
Q2 24
$13.3M
$-2.2M
FCF Margin
THRY
THRY
WW
WW
Q1 26
-3.3%
Q4 25
6.4%
Q3 25
7.2%
4.6%
Q2 25
10.4%
Q1 25
-9.7%
8.0%
Q4 24
9.3%
2.4%
Q3 24
15.3%
8.5%
Q2 24
5.9%
-1.1%
Capex Intensity
THRY
THRY
WW
WW
Q1 26
Q4 25
5.2%
Q3 25
3.8%
0.0%
Q2 25
3.7%
Q1 25
3.9%
0.0%
Q4 24
4.7%
0.1%
Q3 24
4.7%
0.1%
Q2 24
4.0%
0.1%
Cash Conversion
THRY
THRY
WW
WW
Q1 26
Q4 25
Q3 25
3.93×
Q2 25
2.12×
Q1 25
Q4 24
3.32×
0.18×
Q3 24
Q2 24
4.01×
-0.08×

Financial Flow Comparison

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

Revenue Breakdown by Segment

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

WW
WW

Segment breakdown not available.

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