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Side-by-side financial comparison of TWFG, Inc. (TWFG) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.
ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $70.3M, roughly 1.6× TWFG, Inc.). TWFG, Inc. runs the higher net margin — 22.3% vs -0.7%, a 23.1% gap on every dollar of revenue. TWFG, Inc. produced more free cash flow last quarter ($53.1M vs $7.6M).
TWFG, Inc. (The Woodlands Financial Group) is a U.S.-headquartered financial services firm specializing in insurance brokerage, wealth management, and financial planning. It mainly serves individual consumers, small business owners, and enterprise clients across North America, delivering tailored risk coverage solutions and personalized advisory support to help clients manage risk and meet their financial objectives.
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
TWFG vs ZIP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $70.3M | $111.7M |
| Net Profit | $15.7M | $-835.0K |
| Gross Margin | — | 89.1% |
| Operating Margin | 21.1% | 3.6% |
| Net Margin | 22.3% | -0.7% |
| Revenue YoY | — | 0.6% |
| Net Profit YoY | 339.2% | 92.3% |
| EPS (diluted) | $0.20 | $-0.03 |
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.
| Q4 25 | $70.3M | $111.7M | ||
| Q3 25 | $64.1M | $115.0M | ||
| Q2 25 | $60.3M | $112.2M | ||
| Q1 25 | $53.8M | $110.1M | ||
| Q4 24 | — | $111.0M | ||
| Q3 24 | $52.9M | $117.1M | ||
| Q2 24 | $53.0M | $123.7M | ||
| Q1 24 | — | $122.2M |
| Q4 25 | $15.7M | $-835.0K | ||
| Q3 25 | $1.7M | $-9.8M | ||
| Q2 25 | $2.0M | $-9.5M | ||
| Q1 25 | $1.3M | $-12.8M | ||
| Q4 24 | — | $-10.8M | ||
| Q3 24 | $1.2M | $-2.6M | ||
| Q2 24 | $0 | $7.0M | ||
| Q1 24 | — | $-6.5M |
| Q4 25 | — | 89.1% | ||
| Q3 25 | — | 89.1% | ||
| Q2 25 | — | 89.3% | ||
| Q1 25 | — | 89.4% | ||
| Q4 24 | — | 89.6% | ||
| Q3 24 | — | 89.4% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | — | 89.1% |
| Q4 25 | 21.1% | 3.6% | ||
| Q3 25 | 14.1% | -4.4% | ||
| Q2 25 | 12.2% | -5.9% | ||
| Q1 25 | 10.6% | -10.6% | ||
| Q4 24 | — | -3.6% | ||
| Q3 24 | 11.3% | -2.8% | ||
| Q2 24 | 14.2% | 7.6% | ||
| Q1 24 | — | -0.7% |
| Q4 25 | 22.3% | -0.7% | ||
| Q3 25 | 2.7% | -8.5% | ||
| Q2 25 | 3.2% | -8.5% | ||
| Q1 25 | 2.5% | -11.7% | ||
| Q4 24 | — | -9.7% | ||
| Q3 24 | 2.2% | -2.2% | ||
| Q2 24 | — | 5.7% | ||
| Q1 24 | — | -5.3% |
| Q4 25 | $0.20 | $-0.03 | ||
| Q3 25 | $0.11 | $-0.11 | ||
| Q2 25 | $0.13 | $-0.10 | ||
| Q1 25 | $0.09 | $-0.13 | ||
| Q4 24 | — | $-0.10 | ||
| Q3 24 | $0.08 | $-0.03 | ||
| Q2 24 | $10.49 | $0.07 | ||
| Q1 24 | — | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $155.9M | $188.0M |
| Total DebtLower is stronger | $2.0M | — |
| Stockholders' EquityBook value | $83.4M | $-77.2M |
| Total Assets | $372.3M | $569.7M |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.9M | $188.0M | ||
| Q3 25 | $151.0M | $211.8M | ||
| Q2 25 | $159.8M | $203.5M | ||
| Q1 25 | $196.4M | $221.1M | ||
| Q4 24 | — | $218.4M | ||
| Q3 24 | $191.2M | $225.6M | ||
| Q2 24 | $25.8M | $271.7M | ||
| Q1 24 | — | $282.5M |
| Q4 25 | $2.0M | — | ||
| Q3 25 | $5.8M | — | ||
| Q2 25 | $6.4M | — | ||
| Q1 25 | $7.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $49.6M | — | ||
| Q1 24 | — | — |
| Q4 25 | $83.4M | $-77.2M | ||
| Q3 25 | $79.4M | $-76.1M | ||
| Q2 25 | $78.7M | $-65.9M | ||
| Q1 25 | $75.2M | $-11.3M | ||
| Q4 24 | — | $13.4M | ||
| Q3 24 | $71.1M | $13.6M | ||
| Q2 24 | — | $24.4M | ||
| Q1 24 | — | $12.7M |
| Q4 25 | $372.3M | $569.7M | ||
| Q3 25 | $349.2M | $573.6M | ||
| Q2 25 | $342.8M | $592.4M | ||
| Q1 25 | $330.5M | $629.4M | ||
| Q4 24 | — | $664.1M | ||
| Q3 24 | $313.1M | $652.0M | ||
| Q2 24 | $157.2M | $665.3M | ||
| Q1 24 | — | $662.4M |
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.07× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.11× | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $53.5M | $7.7M |
| Free Cash FlowOCF − Capex | $53.1M | $7.6M |
| FCF MarginFCF / Revenue | 75.6% | 6.8% |
| Capex IntensityCapex / Revenue | 0.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 3.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $93.2M | $9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $53.5M | $7.7M | ||
| Q3 25 | $15.0M | $2.6M | ||
| Q2 25 | $9.6M | $10.5M | ||
| Q1 25 | $15.6M | $-9.9M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $11.7M | $9.3M | ||
| Q2 24 | $17.2M | $21.9M | ||
| Q1 24 | — | $2.0M |
| Q4 25 | $53.1M | $7.6M | ||
| Q3 25 | $14.9M | $2.2M | ||
| Q2 25 | $9.6M | $10.2M | ||
| Q1 25 | $15.6M | $-10.2M | ||
| Q4 24 | — | $12.0M | ||
| Q3 24 | $11.5M | $9.2M | ||
| Q2 24 | — | $21.7M | ||
| Q1 24 | — | $1.9M |
| Q4 25 | 75.6% | 6.8% | ||
| Q3 25 | 23.2% | 1.9% | ||
| Q2 25 | 15.9% | 9.1% | ||
| Q1 25 | 29.0% | -9.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | 21.7% | 7.8% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 0.1% | 0.3% | ||
| Q2 25 | 0.1% | 0.3% | ||
| Q1 25 | 0.0% | 0.3% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 3.41× | — | ||
| Q3 25 | 8.68× | — | ||
| Q2 25 | 4.91× | — | ||
| Q1 25 | 11.69× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.16× | — | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TWFG
| Agency | $39.9M | 57% |
| TWFGMGA | $18.4M | 26% |
| Contingent Income | $7.3M | 10% |
| Fee Income | $3.2M | 5% |
| Policy Fees | $1.1M | 2% |
ZIP
| License | $84.3M | 75% |
| Services | $27.4M | 25% |
