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Side-by-side financial comparison of Thryv Holdings, Inc. (THRY) and Xenia Hotels & Resorts, Inc. (XHR). Click either name above to swap in a different company.

Xenia Hotels & Resorts, Inc. is the larger business by last-quarter revenue ($295.4M vs $167.7M, roughly 1.8× Thryv Holdings, Inc.). Xenia Hotels & Resorts, Inc. runs the higher net margin — 6.7% vs 2.7%, a 4.0% gap on every dollar of revenue. On growth, Xenia Hotels & Resorts, Inc. posted the faster year-over-year revenue change (2.2% vs -7.5%). Over the past eight quarters, Xenia Hotels & Resorts, Inc.'s revenue compounded faster (4.0% 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.

Xenia Hotels & Resorts, Inc. is a real estate investment trust that invests in hotels. As of December 31, 2024, it owned 31 hotels comprising 9,408 rooms.

THRY vs XHR — Head-to-Head

Bigger by revenue
XHR
XHR
1.8× larger
XHR
$295.4M
$167.7M
THRY
Growing faster (revenue YoY)
XHR
XHR
+9.8% gap
XHR
2.2%
-7.5%
THRY
Higher net margin
XHR
XHR
4.0% more per $
XHR
6.7%
2.7%
THRY
Faster 2-yr revenue CAGR
XHR
XHR
Annualised
XHR
4.0%
-13.5%
THRY

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
THRY
THRY
XHR
XHR
Revenue
$167.7M
$295.4M
Net Profit
$4.5M
$19.8M
Gross Margin
65.2%
Operating Margin
37.3%
14.1%
Net Margin
2.7%
6.7%
Revenue YoY
-7.5%
2.2%
Net Profit YoY
147.2%
26.9%
EPS (diluted)
$0.10
$0.21

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
XHR
XHR
Q1 26
$167.7M
$295.4M
Q4 25
$191.6M
$265.6M
Q3 25
$201.6M
$236.4M
Q2 25
$210.5M
$287.6M
Q1 25
$181.4M
$288.9M
Q4 24
$186.6M
$261.8M
Q3 24
$179.9M
$236.8M
Q2 24
$224.1M
$272.9M
Net Profit
THRY
THRY
XHR
XHR
Q1 26
$4.5M
$19.8M
Q4 25
$-9.7M
$6.1M
Q3 25
$5.7M
$-13.7M
Q2 25
$13.9M
$55.2M
Q1 25
$-9.6M
$15.6M
Q4 24
$7.9M
$-638.0K
Q3 24
$-96.1M
$-7.1M
Q2 24
$5.5M
$15.3M
Gross Margin
THRY
THRY
XHR
XHR
Q1 26
65.2%
Q4 25
68.0%
30.4%
Q3 25
67.7%
25.1%
Q2 25
69.7%
33.6%
Q1 25
65.8%
32.3%
Q4 24
65.9%
29.0%
Q3 24
62.3%
25.8%
Q2 24
66.3%
31.9%
Operating Margin
THRY
THRY
XHR
XHR
Q1 26
37.3%
14.1%
Q4 25
5.3%
10.1%
Q3 25
9.9%
2.0%
Q2 25
14.0%
14.0%
Q1 25
-1.7%
12.4%
Q4 24
-3.9%
8.2%
Q3 24
-49.2%
3.2%
Q2 24
14.0%
11.1%
Net Margin
THRY
THRY
XHR
XHR
Q1 26
2.7%
6.7%
Q4 25
-5.0%
2.3%
Q3 25
2.8%
-5.8%
Q2 25
6.6%
19.2%
Q1 25
-5.3%
5.4%
Q4 24
4.2%
-0.2%
Q3 24
-53.4%
-3.0%
Q2 24
2.5%
5.6%
EPS (diluted)
THRY
THRY
XHR
XHR
Q1 26
$0.10
$0.21
Q4 25
$-0.21
$0.07
Q3 25
$0.13
$-0.14
Q2 25
$0.31
$0.56
Q1 25
$-0.22
$0.15
Q4 24
$0.28
$-0.01
Q3 24
$-2.65
$-0.07
Q2 24
$0.15
$0.15

Balance Sheet & Financial Strength

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

Metric
THRY
THRY
XHR
XHR
Cash + ST InvestmentsLiquidity on hand
$8.0M
$101.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$225.4M
$1.2B
Total Assets
$693.7M
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THRY
THRY
XHR
XHR
Q1 26
$8.0M
$101.1M
Q4 25
$10.8M
$140.4M
Q3 25
$11.6M
$188.2M
Q2 25
$10.8M
$172.6M
Q1 25
$11.0M
$112.6M
Q4 24
$16.3M
$78.2M
Q3 24
$12.5M
$161.5M
Q2 24
$15.5M
$143.6M
Total Debt
THRY
THRY
XHR
XHR
Q1 26
Q4 25
$253.5M
$1.4B
Q3 25
$268.2M
$1.4B
Q2 25
$275.6M
$1.4B
Q1 25
$299.0M
$1.4B
Q4 24
$284.3M
$1.3B
Q3 24
$307.8M
$1.4B
Q2 24
$342.1M
$1.4B
Stockholders' Equity
THRY
THRY
XHR
XHR
Q1 26
$225.4M
$1.2B
Q4 25
$218.1M
$1.1B
Q3 25
$221.1M
$1.2B
Q2 25
$214.9M
$1.2B
Q1 25
$193.2M
$1.2B
Q4 24
$196.9M
$1.2B
Q3 24
$94.5M
$1.3B
Q2 24
$183.1M
$1.3B
Total Assets
THRY
THRY
XHR
XHR
Q1 26
$693.7M
$2.8B
Q4 25
$688.6M
$2.8B
Q3 25
$701.8M
$2.9B
Q2 25
$687.7M
$2.9B
Q1 25
$703.7M
$2.9B
Q4 24
$712.2M
$2.8B
Q3 24
$654.8M
$2.9B
Q2 24
$785.5M
$2.9B
Debt / Equity
THRY
THRY
XHR
XHR
Q1 26
Q4 25
1.16×
1.25×
Q3 25
1.21×
1.21×
Q2 25
1.28×
1.17×
Q1 25
1.55×
1.18×
Q4 24
1.44×
1.07×
Q3 24
3.26×
1.11×
Q2 24
1.87×
1.09×

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
XHR
XHR
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-5.5M
FCF MarginFCF / Revenue
-3.3%
Capex IntensityCapex / Revenue
23.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
THRY
THRY
XHR
XHR
Q1 26
Q4 25
$22.2M
$21.4M
Q3 25
$22.2M
$64.0M
Q2 25
$29.6M
$36.3M
Q1 25
$-10.5M
$54.8M
Q4 24
$26.1M
$30.6M
Q3 24
$36.0M
$51.2M
Q2 24
$22.2M
$57.2M
Free Cash Flow
THRY
THRY
XHR
XHR
Q1 26
$-5.5M
Q4 25
$12.3M
$5.5M
Q3 25
$14.6M
$44.2M
Q2 25
$21.8M
$17.8M
Q1 25
$-17.6M
$22.4M
Q4 24
$17.3M
$6.2M
Q3 24
$27.5M
$4.3M
Q2 24
$13.3M
$21.4M
FCF Margin
THRY
THRY
XHR
XHR
Q1 26
-3.3%
Q4 25
6.4%
2.1%
Q3 25
7.2%
18.7%
Q2 25
10.4%
6.2%
Q1 25
-9.7%
7.8%
Q4 24
9.3%
2.4%
Q3 24
15.3%
1.8%
Q2 24
5.9%
7.8%
Capex Intensity
THRY
THRY
XHR
XHR
Q1 26
23.7%
Q4 25
5.2%
6.0%
Q3 25
3.8%
8.4%
Q2 25
3.7%
6.4%
Q1 25
3.9%
11.2%
Q4 24
4.7%
9.3%
Q3 24
4.7%
19.8%
Q2 24
4.0%
13.1%
Cash Conversion
THRY
THRY
XHR
XHR
Q1 26
Q4 25
3.52×
Q3 25
3.93×
Q2 25
2.12×
0.66×
Q1 25
3.51×
Q4 24
3.32×
Q3 24
Q2 24
4.01×
3.73×

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%

XHR
XHR

Rooms revenues$164.4M56%
Food and beverage revenues$105.0M36%
Other revenues$26.0M9%

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