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Side-by-side financial comparison of TIC Solutions, Inc. (TIC) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $334.0M, roughly 1.5× WYNDHAM HOTELS & RESORTS, INC.). TIC Solutions, Inc. runs the higher net margin — -9.3% vs -18.0%, a 8.7% gap on every dollar of revenue. WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $37.1M).
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
TIC vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $508.3M | $334.0M |
| Net Profit | $-47.2M | $-60.0M |
| Gross Margin | 35.2% | — |
| Operating Margin | -3.8% | — |
| Net Margin | -9.3% | -18.0% |
| Revenue YoY | — | -76.3% |
| Net Profit YoY | — | -170.6% |
| EPS (diluted) | — | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $508.3M | $334.0M | ||
| Q3 25 | $473.9M | $382.0M | ||
| Q2 25 | $313.9M | $397.0M | ||
| Q1 25 | $234.2M | $316.0M | ||
| Q4 24 | — | $336.0M | ||
| Q3 24 | — | $396.0M | ||
| Q2 24 | — | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $-47.2M | $-60.0M | ||
| Q3 25 | $-13.9M | $105.0M | ||
| Q2 25 | $-233.0K | $87.0M | ||
| Q1 25 | $-25.8M | $61.0M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | — | $102.0M | ||
| Q2 24 | — | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | 35.2% | — | ||
| Q3 25 | 32.2% | — | ||
| Q2 25 | 23.6% | — | ||
| Q1 25 | 18.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | -11.4% | ||
| Q3 25 | -1.4% | 46.6% | ||
| Q2 25 | 5.8% | 37.8% | ||
| Q1 25 | -4.0% | 35.4% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | — | 43.2% | ||
| Q2 24 | — | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | -9.3% | -18.0% | ||
| Q3 25 | -2.9% | 27.5% | ||
| Q2 25 | -0.1% | 21.9% | ||
| Q1 25 | -11.0% | 19.3% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | — | $-0.77 | ||
| Q3 25 | $-0.08 | $1.36 | ||
| Q2 25 | — | $1.13 | ||
| Q1 25 | — | $0.78 | ||
| Q4 24 | — | $1.06 | ||
| Q3 24 | — | $1.29 | ||
| Q2 24 | — | $1.07 |
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 | $64.0M |
| Total DebtLower is stronger | $1.6B | — |
| Stockholders' EquityBook value | $2.2B | $468.0M |
| Total Assets | $4.4B | $4.2B |
| Debt / EquityLower = less leverage | 0.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $439.5M | $64.0M | ||
| Q3 25 | $164.4M | $70.0M | ||
| Q2 25 | $130.1M | $50.0M | ||
| Q1 25 | $155.7M | $48.0M | ||
| Q4 24 | — | $103.0M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $2.5B | ||
| Q3 25 | $1.6B | $2.6B | ||
| Q2 25 | $751.3M | $2.5B | ||
| Q1 25 | $752.4M | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $2.2B | $468.0M | ||
| Q3 25 | $2.0B | $583.0M | ||
| Q2 25 | $1.2B | $570.0M | ||
| Q1 25 | $1.1B | $579.0M | ||
| Q4 24 | — | $650.0M | ||
| Q3 24 | — | $583.0M | ||
| Q2 24 | — | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $4.4B | $4.2B | ||
| Q3 25 | $4.2B | $4.3B | ||
| Q2 25 | $2.2B | $4.3B | ||
| Q1 25 | $2.2B | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | 5.37× | ||
| Q3 25 | 0.83× | 4.43× | ||
| Q2 25 | 0.64× | 4.44× | ||
| Q1 25 | 0.67× | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $37.1M | $168.0M |
| FCF MarginFCF / Revenue | 7.3% | 50.3% |
| Capex IntensityCapex / Revenue | 2.5% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $61.3M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $49.7M | $152.0M | ||
| Q3 25 | $19.0M | $86.0M | ||
| Q2 25 | $-6.5M | $70.0M | ||
| Q1 25 | $32.8M | $59.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | — | $79.0M | ||
| Q2 24 | — | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $37.1M | $136.0M | ||
| Q3 25 | $10.3M | $75.0M | ||
| Q2 25 | $-14.5M | $58.0M | ||
| Q1 25 | $28.3M | $52.0M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | — | $71.0M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 7.3% | 40.7% | ||
| Q3 25 | 2.2% | 19.6% | ||
| Q2 25 | -4.6% | 14.6% | ||
| Q1 25 | 12.1% | 16.5% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 17.9% | ||
| Q2 24 | — | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.5% | 4.8% | ||
| Q3 25 | 1.8% | 2.9% | ||
| Q2 25 | 2.6% | 3.0% | ||
| Q1 25 | 1.9% | 2.2% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
