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Side-by-side financial comparison of TIC Solutions, Inc. (TIC) and WOLVERINE WORLD WIDE INC (WWW). Click either name above to swap in a different company.
WOLVERINE WORLD WIDE INC is the larger business by last-quarter revenue ($517.5M vs $508.3M, roughly 1.0× TIC Solutions, Inc.). WOLVERINE WORLD WIDE INC runs the higher net margin — 6.1% vs -9.3%, a 15.4% gap on every dollar of revenue. WOLVERINE WORLD WIDE INC produced more free cash flow last quarter ($145.6M vs $37.1M).
Wolverine World Wide is a global designer, manufacturer and marketer of branded footwear, apparel and accessories. It owns popular brands including Merrell, Sperry, Saucony and Hush Puppies, serving outdoor, casual, workwear and athletic segments via e-commerce, retail stores and global wholesale networks.
TIC vs WWW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $508.3M | $517.5M |
| Net Profit | $-47.2M | $31.8M |
| Gross Margin | 35.2% | 47.3% |
| Operating Margin | -3.8% | 9.7% |
| Net Margin | -9.3% | 6.1% |
| Revenue YoY | — | 25.5% |
| Net Profit YoY | — | 162.8% |
| EPS (diluted) | — | $0.37 |
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 | — | $517.5M | ||
| Q4 25 | $508.3M | — | ||
| Q3 25 | $473.9M | $470.3M | ||
| Q2 25 | $313.9M | $474.2M | ||
| Q1 25 | $234.2M | $412.3M | ||
| Q4 24 | — | $494.7M | ||
| Q3 24 | — | $440.2M | ||
| Q2 24 | — | $425.2M |
| Q1 26 | — | $31.8M | ||
| Q4 25 | $-47.2M | — | ||
| Q3 25 | $-13.9M | $25.1M | ||
| Q2 25 | $-233.0K | $26.8M | ||
| Q1 25 | $-25.8M | $12.1M | ||
| Q4 24 | — | $23.1M | ||
| Q3 24 | — | $23.2M | ||
| Q2 24 | — | $13.8M |
| Q1 26 | — | 47.3% | ||
| Q4 25 | 35.2% | — | ||
| Q3 25 | 32.2% | 47.5% | ||
| Q2 25 | 23.6% | 47.2% | ||
| Q1 25 | 18.6% | 47.2% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | — | 45.1% | ||
| Q2 24 | — | 43.1% |
| Q1 26 | — | 9.7% | ||
| Q4 25 | -3.8% | — | ||
| Q3 25 | -1.4% | 8.4% | ||
| Q2 25 | 5.8% | 8.6% | ||
| Q1 25 | -4.0% | 4.8% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 6.8% |
| Q1 26 | — | 6.1% | ||
| Q4 25 | -9.3% | — | ||
| Q3 25 | -2.9% | 5.3% | ||
| Q2 25 | -0.1% | 5.7% | ||
| Q1 25 | -11.0% | 2.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.2% |
| Q1 26 | — | $0.37 | ||
| Q4 25 | — | — | ||
| Q3 25 | $-0.08 | $0.30 | ||
| Q2 25 | — | $0.32 | ||
| Q1 25 | — | $0.15 | ||
| Q4 24 | — | $0.29 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.17 |
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 | — |
| Total DebtLower is stronger | $1.6B | $621.7M |
| Stockholders' EquityBook value | $2.2B | $408.0M |
| Total Assets | $4.4B | $1.7B |
| Debt / EquityLower = less leverage | 0.74× | 1.52× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $439.5M | — | ||
| Q3 25 | $164.4M | — | ||
| Q2 25 | $130.1M | — | ||
| Q1 25 | $155.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $621.7M | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.6B | $676.4M | ||
| Q2 25 | $751.3M | $708.5M | ||
| Q1 25 | $752.4M | $710.8M | ||
| Q4 24 | — | $648.0M | ||
| Q3 24 | — | $702.8M | ||
| Q2 24 | — | $814.7M |
| Q1 26 | — | $408.0M | ||
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.0B | $376.7M | ||
| Q2 25 | $1.2B | $344.0M | ||
| Q1 25 | $1.1B | $310.6M | ||
| Q4 24 | — | $312.9M | ||
| Q3 24 | — | $295.2M | ||
| Q2 24 | — | $262.1M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.2B | $1.7B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.2B | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | — | $1.8B |
| Q1 26 | — | 1.52× | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.83× | 1.80× | ||
| Q2 25 | 0.64× | 2.06× | ||
| Q1 25 | 0.67× | 2.29× | ||
| Q4 24 | — | 2.07× | ||
| Q3 24 | — | 2.38× | ||
| Q2 24 | — | 3.11× |
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 | $146.2M |
| Free Cash FlowOCF − Capex | $37.1M | $145.6M |
| FCF MarginFCF / Revenue | 7.3% | 28.1% |
| Capex IntensityCapex / Revenue | 2.5% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.60× |
| TTM Free Cash FlowTrailing 4 quarters | $61.3M | $125.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $146.2M | ||
| Q4 25 | $49.7M | — | ||
| Q3 25 | $19.0M | $33.0M | ||
| Q2 25 | $-6.5M | $44.6M | ||
| Q1 25 | $32.8M | $-83.8M | ||
| Q4 24 | — | $82.4M | ||
| Q3 24 | — | $108.2M | ||
| Q2 24 | — | $26.7M |
| Q1 26 | — | $145.6M | ||
| Q4 25 | $37.1M | — | ||
| Q3 25 | $10.3M | $30.1M | ||
| Q2 25 | $-14.5M | $41.2M | ||
| Q1 25 | $28.3M | $-91.4M | ||
| Q4 24 | — | $74.4M | ||
| Q3 24 | — | $104.1M | ||
| Q2 24 | — | $23.7M |
| Q1 26 | — | 28.1% | ||
| Q4 25 | 7.3% | — | ||
| Q3 25 | 2.2% | 6.4% | ||
| Q2 25 | -4.6% | 8.7% | ||
| Q1 25 | 12.1% | -22.2% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 23.6% | ||
| Q2 24 | — | 5.6% |
| Q1 26 | — | 0.1% | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 1.8% | 0.6% | ||
| Q2 25 | 2.6% | 0.7% | ||
| Q1 25 | 1.9% | 1.8% | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | 4.60× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 1.66× | ||
| Q1 25 | — | -6.93× | ||
| Q4 24 | — | 3.57× | ||
| Q3 24 | — | 4.66× | ||
| Q2 24 | — | 1.93× |
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% |
WWW
| Sales Channel Through Intermediary | $230.2M | 44% |
| Sales Channel Directly To Consumer | $142.6M | 28% |
| Work Group | $134.0M | 26% |
| Other | $10.7M | 2% |
