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Side-by-side financial comparison of TENNANT CO (TNC) and Wingstop Inc. (WING). Click either name above to swap in a different company.

TENNANT CO is the larger business by last-quarter revenue ($291.6M vs $183.7M, roughly 1.6× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs -1.5%, a 17.8% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs -11.3%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs -3.2%).

The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

TNC vs WING — Head-to-Head

Bigger by revenue
TNC
TNC
1.6× larger
TNC
$291.6M
$183.7M
WING
Growing faster (revenue YoY)
WING
WING
+18.7% gap
WING
7.4%
-11.3%
TNC
Higher net margin
WING
WING
17.8% more per $
WING
16.3%
-1.5%
TNC
Faster 2-yr revenue CAGR
WING
WING
Annualised
WING
8.6%
-3.2%
TNC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
TNC
TNC
WING
WING
Revenue
$291.6M
$183.7M
Net Profit
$-4.4M
$29.9M
Gross Margin
34.6%
86.5%
Operating Margin
-1.4%
27.4%
Net Margin
-1.5%
16.3%
Revenue YoY
-11.3%
7.4%
Net Profit YoY
-166.7%
EPS (diluted)
$-0.21
$1.08

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
TNC
TNC
WING
WING
Q1 26
$183.7M
Q4 25
$291.6M
$175.7M
Q3 25
$303.3M
$175.7M
Q2 25
$318.6M
$174.3M
Q1 25
$290.0M
$171.1M
Q4 24
$328.9M
$161.8M
Q3 24
$315.8M
$162.5M
Q2 24
$331.0M
$155.7M
Net Profit
TNC
TNC
WING
WING
Q1 26
$29.9M
Q4 25
$-4.4M
$26.8M
Q3 25
$14.9M
$28.5M
Q2 25
$20.2M
$26.8M
Q1 25
$13.1M
$92.3M
Q4 24
$6.6M
$26.8M
Q3 24
$20.8M
$25.7M
Q2 24
$27.9M
$27.5M
Gross Margin
TNC
TNC
WING
WING
Q1 26
86.5%
Q4 25
34.6%
Q3 25
42.7%
Q2 25
42.1%
Q1 25
41.4%
Q4 24
41.3%
85.6%
Q3 24
42.4%
85.0%
Q2 24
43.1%
85.4%
Operating Margin
TNC
TNC
WING
WING
Q1 26
27.4%
Q4 25
-1.4%
26.7%
Q3 25
7.4%
27.9%
Q2 25
9.6%
25.9%
Q1 25
6.8%
22.4%
Q4 24
2.3%
25.9%
Q3 24
9.7%
24.5%
Q2 24
11.7%
26.5%
Net Margin
TNC
TNC
WING
WING
Q1 26
16.3%
Q4 25
-1.5%
15.2%
Q3 25
4.9%
16.2%
Q2 25
6.3%
15.4%
Q1 25
4.5%
53.9%
Q4 24
2.0%
16.5%
Q3 24
6.6%
15.8%
Q2 24
8.4%
17.7%
EPS (diluted)
TNC
TNC
WING
WING
Q1 26
$1.08
Q4 25
$-0.21
$0.99
Q3 25
$0.80
$1.02
Q2 25
$1.08
$0.96
Q1 25
$0.69
$3.24
Q4 24
$0.35
$0.91
Q3 24
$1.09
$0.88
Q2 24
$1.45
$0.93

Balance Sheet & Financial Strength

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

Metric
TNC
TNC
WING
WING
Cash + ST InvestmentsLiquidity on hand
$128.8M
Total DebtLower is stronger
$273.2M
Stockholders' EquityBook value
$601.6M
Total Assets
$1.3B
$648.9M
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TNC
TNC
WING
WING
Q1 26
$128.8M
Q4 25
$196.6M
Q3 25
$237.6M
Q2 25
$227.9M
Q1 25
$251.4M
Q4 24
$315.9M
Q3 24
$84.0M
Q2 24
$96.7M
Total Debt
TNC
TNC
WING
WING
Q1 26
Q4 25
$273.2M
$1.2B
Q3 25
$238.3M
Q2 25
$213.4M
Q1 25
$213.3M
Q4 24
$198.2M
$1.2B
Q3 24
$208.6M
Q2 24
$205.6M
Stockholders' Equity
TNC
TNC
WING
WING
Q1 26
Q4 25
$601.6M
$-736.8M
Q3 25
$640.9M
$-702.6M
Q2 25
$651.9M
$-686.0M
Q1 25
$624.4M
$-715.0M
Q4 24
$620.8M
$-675.6M
Q3 24
$647.2M
$-447.5M
Q2 24
$624.6M
$-437.5M
Total Assets
TNC
TNC
WING
WING
Q1 26
$648.9M
Q4 25
$1.3B
$693.4M
Q3 25
$1.3B
$721.0M
Q2 25
$1.2B
$708.3M
Q1 25
$1.2B
$696.8M
Q4 24
$1.2B
$716.2M
Q3 24
$1.2B
$484.8M
Q2 24
$1.2B
$451.8M
Debt / Equity
TNC
TNC
WING
WING
Q1 26
Q4 25
0.45×
Q3 25
0.37×
Q2 25
0.33×
Q1 25
0.34×
Q4 24
0.32×
Q3 24
0.32×
Q2 24
0.33×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TNC
TNC
WING
WING
Operating Cash FlowLast quarter
$14.2M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
3.3%
Capex IntensityCapex / Revenue
1.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TNC
TNC
WING
WING
Q1 26
Q4 25
$14.2M
$57.3M
Q3 25
$28.7M
$63.9M
Q2 25
$22.5M
$6.6M
Q1 25
$-400.0K
$25.3M
Q4 24
$37.5M
$7.7M
Q3 24
$30.7M
$69.0M
Q2 24
$18.6M
$36.2M
Free Cash Flow
TNC
TNC
WING
WING
Q1 26
Q4 25
$9.7M
$34.5M
Q3 25
$22.3M
$61.7M
Q2 25
$18.7M
$-7.8M
Q1 25
$-7.4M
$17.3M
Q4 24
$28.1M
$-8.6M
Q3 24
$26.4M
$54.9M
Q2 24
$14.4M
$25.9M
FCF Margin
TNC
TNC
WING
WING
Q1 26
Q4 25
3.3%
19.6%
Q3 25
7.4%
35.1%
Q2 25
5.9%
-4.5%
Q1 25
-2.6%
10.1%
Q4 24
8.5%
-5.3%
Q3 24
8.4%
33.8%
Q2 24
4.4%
16.6%
Capex Intensity
TNC
TNC
WING
WING
Q1 26
Q4 25
1.5%
13.0%
Q3 25
2.1%
1.3%
Q2 25
1.2%
8.2%
Q1 25
2.4%
4.7%
Q4 24
2.9%
10.1%
Q3 24
1.4%
8.7%
Q2 24
1.3%
6.6%
Cash Conversion
TNC
TNC
WING
WING
Q1 26
Q4 25
2.14×
Q3 25
1.93×
2.24×
Q2 25
1.11×
0.25×
Q1 25
-0.03×
0.27×
Q4 24
5.68×
0.29×
Q3 24
1.48×
2.68×
Q2 24
0.67×
1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TNC
TNC

Equipment Sales$165.5M57%
Parts And Consumables$69.1M24%
Service And Other$57.0M20%

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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