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Side-by-side financial comparison of TIC Solutions, Inc. (TIC) and Wendy's Co (WEN). Click either name above to swap in a different company.
Wendy's Co is the larger business by last-quarter revenue ($523.5M vs $508.3M, roughly 1.0× TIC Solutions, Inc.). Wendy's Co runs the higher net margin — 7.5% vs -9.3%, a 16.8% gap on every dollar of revenue. Wendy's Co produced more free cash flow last quarter ($68.0M vs $37.1M).
The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is headquartered in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
TIC vs WEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2027
| Metric | | |
|---|---|---|
| Revenue | $508.3M | $523.5M |
| Net Profit | $-47.2M | $39.2M |
| Gross Margin | 35.2% | 64.1% |
| Operating Margin | -3.8% | 15.9% |
| Net Margin | -9.3% | 7.5% |
| Revenue YoY | — | -3.2% |
| Net Profit YoY | — | 72.7% |
| EPS (diluted) | — | $0.19 |
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.
| Q1 26 | — | $523.5M | ||
| Q4 25 | $508.3M | $543.0M | ||
| Q3 25 | $473.9M | $549.5M | ||
| Q2 25 | $313.9M | $560.9M | ||
| Q1 25 | $234.2M | $523.5M | ||
| Q4 24 | — | $574.3M | ||
| Q3 24 | — | $566.7M | ||
| Q2 24 | — | $570.7M |
| Q1 26 | — | $39.2M | ||
| Q4 25 | $-47.2M | $26.5M | ||
| Q3 25 | $-13.9M | $44.3M | ||
| Q2 25 | $-233.0K | $55.1M | ||
| Q1 25 | $-25.8M | $39.2M | ||
| Q4 24 | — | $47.5M | ||
| Q3 24 | — | $50.2M | ||
| Q2 24 | — | $54.6M |
| Q1 26 | — | 64.1% | ||
| Q4 25 | 35.2% | 62.7% | ||
| Q3 25 | 32.2% | 62.8% | ||
| Q2 25 | 23.6% | 65.0% | ||
| Q1 25 | 18.6% | 64.1% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 65.5% | ||
| Q2 24 | — | 65.0% |
| Q1 26 | — | 15.9% | ||
| Q4 25 | -3.8% | 11.8% | ||
| Q3 25 | -1.4% | 16.8% | ||
| Q2 25 | 5.8% | 18.6% | ||
| Q1 25 | -4.0% | 15.9% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | — | 17.4% |
| Q1 26 | — | 7.5% | ||
| Q4 25 | -9.3% | 4.9% | ||
| Q3 25 | -2.9% | 8.1% | ||
| Q2 25 | -0.1% | 9.8% | ||
| Q1 25 | -11.0% | 7.5% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | 9.6% |
| Q1 26 | — | $0.19 | ||
| Q4 25 | — | $0.14 | ||
| Q3 25 | $-0.08 | $0.23 | ||
| Q2 25 | — | $0.29 | ||
| Q1 25 | — | $0.19 | ||
| Q4 24 | — | $0.23 | ||
| Q3 24 | — | $0.25 | ||
| Q2 24 | — | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $439.5M | $300.8M |
| Total DebtLower is stronger | $1.6B | $2.8B |
| Stockholders' EquityBook value | $2.2B | $117.4M |
| Total Assets | $4.4B | $5.0B |
| Debt / EquityLower = less leverage | 0.74× | 23.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $300.8M | ||
| Q4 25 | $439.5M | $300.8M | ||
| Q3 25 | $164.4M | $291.4M | ||
| Q2 25 | $130.1M | $281.2M | ||
| Q1 25 | $155.7M | $335.3M | ||
| Q4 24 | — | $450.5M | ||
| Q3 24 | — | $482.2M | ||
| Q2 24 | — | $465.5M |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.6B | $2.8B | ||
| Q3 25 | $1.6B | $2.7B | ||
| Q2 25 | $751.3M | $2.7B | ||
| Q1 25 | $752.4M | $2.7B | ||
| Q4 24 | — | $2.7B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $117.4M | ||
| Q4 25 | $2.2B | $117.4M | ||
| Q3 25 | $2.0B | $109.2M | ||
| Q2 25 | $1.2B | $112.9M | ||
| Q1 25 | $1.1B | $130.2M | ||
| Q4 24 | — | $259.4M | ||
| Q3 24 | — | $259.9M | ||
| Q2 24 | — | $273.8M |
| Q1 26 | — | $5.0B | ||
| Q4 25 | $4.4B | $5.0B | ||
| Q3 25 | $4.2B | $5.0B | ||
| Q2 25 | $2.2B | $4.9B | ||
| Q1 25 | $2.2B | $4.9B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.1B |
| Q1 26 | — | 23.51× | ||
| Q4 25 | 0.74× | 23.51× | ||
| Q3 25 | 0.83× | 24.95× | ||
| Q2 25 | 0.64× | 24.18× | ||
| Q1 25 | 0.67× | 21.00× | ||
| Q4 24 | — | 10.57× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $49.7M | $85.4M |
| Free Cash FlowOCF − Capex | $37.1M | $68.0M |
| FCF MarginFCF / Revenue | 7.3% | 13.0% |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | $61.3M | $242.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $85.4M | ||
| Q4 25 | $49.7M | $69.3M | ||
| Q3 25 | $19.0M | $129.3M | ||
| Q2 25 | $-6.5M | $60.6M | ||
| Q1 25 | $32.8M | $85.4M | ||
| Q4 24 | — | $68.6M | ||
| Q3 24 | — | $141.2M | ||
| Q2 24 | — | $45.5M |
| Q1 26 | — | $68.0M | ||
| Q4 25 | $37.1M | $31.4M | ||
| Q3 25 | $10.3M | $104.3M | ||
| Q2 25 | $-14.5M | $39.2M | ||
| Q1 25 | $28.3M | $67.7M | ||
| Q4 24 | — | $26.6M | ||
| Q3 24 | — | $123.3M | ||
| Q2 24 | — | $28.4M |
| Q1 26 | — | 13.0% | ||
| Q4 25 | 7.3% | 5.8% | ||
| Q3 25 | 2.2% | 19.0% | ||
| Q2 25 | -4.6% | 7.0% | ||
| Q1 25 | 12.1% | 12.9% | ||
| Q4 24 | — | 4.6% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 5.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 7.0% | ||
| Q3 25 | 1.8% | 4.5% | ||
| Q2 25 | 2.6% | 3.8% | ||
| Q1 25 | 1.9% | 3.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 3.2% | ||
| Q2 24 | — | 3.0% |
| Q1 26 | — | 2.18× | ||
| Q4 25 | — | 2.62× | ||
| Q3 25 | — | 2.92× | ||
| Q2 25 | — | 1.10× | ||
| Q1 25 | — | 2.18× | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | 2.81× | ||
| Q2 24 | — | 0.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
WEN
Segment breakdown not available.
