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Side-by-side financial comparison of Twin Hospitality Group Inc. (TWNP) and WASHINGTON TRUST BANCORP INC (WASH). Click either name above to swap in a different company.

Twin Hospitality Group Inc. is the larger business by last-quarter revenue ($82.3M vs $57.8M, roughly 1.4× WASHINGTON TRUST BANCORP INC). WASHINGTON TRUST BANCORP INC runs the higher net margin — 21.8% vs -29.7%, a 51.5% gap on every dollar of revenue.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

TWNP vs WASH — Head-to-Head

Bigger by revenue
TWNP
TWNP
1.4× larger
TWNP
$82.3M
$57.8M
WASH
Higher net margin
WASH
WASH
51.5% more per $
WASH
21.8%
-29.7%
TWNP

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
TWNP
TWNP
WASH
WASH
Revenue
$82.3M
$57.8M
Net Profit
$-24.5M
$12.6M
Gross Margin
Operating Margin
-16.2%
Net Margin
-29.7%
21.8%
Revenue YoY
Net Profit YoY
3.5%
EPS (diluted)
$-0.43
$0.66

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
TWNP
TWNP
WASH
WASH
Q1 26
$57.8M
Q4 25
$59.3M
Q3 25
$82.3M
$56.5M
Q2 25
$87.8M
$54.3M
Q1 25
$87.1M
$59.1M
Q4 24
$12.4M
Q3 24
$48.5M
Q2 24
$48.2M
Net Profit
TWNP
TWNP
WASH
WASH
Q1 26
$12.6M
Q4 25
$16.0M
Q3 25
$-24.5M
$10.8M
Q2 25
$-20.8M
$13.2M
Q1 25
$-12.1M
$12.2M
Q4 24
$-60.8M
Q3 24
$11.0M
Q2 24
$10.8M
Operating Margin
TWNP
TWNP
WASH
WASH
Q1 26
Q4 25
34.9%
Q3 25
-16.2%
24.7%
Q2 25
-13.2%
31.6%
Q1 25
-1.2%
26.5%
Q4 24
-648.7%
Q3 24
28.5%
Q2 24
28.7%
Net Margin
TWNP
TWNP
WASH
WASH
Q1 26
21.8%
Q4 25
27.0%
Q3 25
-29.7%
19.2%
Q2 25
-23.7%
24.4%
Q1 25
-13.9%
20.6%
Q4 24
-491.4%
Q3 24
22.6%
Q2 24
22.4%
EPS (diluted)
TWNP
TWNP
WASH
WASH
Q1 26
$0.66
Q4 25
$0.84
Q3 25
$-0.43
$0.56
Q2 25
$-0.38
$0.68
Q1 25
$-0.26
$0.63
Q4 24
$-3.54
Q3 24
$0.64
Q2 24
$0.63

Balance Sheet & Financial Strength

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

Metric
TWNP
TWNP
WASH
WASH
Cash + ST InvestmentsLiquidity on hand
$12.3M
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$-92.1M
$546.8M
Total Assets
$516.8M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TWNP
TWNP
WASH
WASH
Q1 26
$12.3M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
TWNP
TWNP
WASH
WASH
Q1 26
Q4 25
Q3 25
$402.8M
Q2 25
$411.3M
Q1 25
$413.0M
Q4 24
Q3 24
Q2 24
Stockholders' Equity
TWNP
TWNP
WASH
WASH
Q1 26
$546.8M
Q4 25
$543.6M
Q3 25
$-92.1M
$533.0M
Q2 25
$-78.6M
$527.5M
Q1 25
$-101.9M
$521.7M
Q4 24
$499.7M
Q3 24
$502.2M
Q2 24
$471.0M
Total Assets
TWNP
TWNP
WASH
WASH
Q1 26
$6.5B
Q4 25
$6.6B
Q3 25
$516.8M
$6.7B
Q2 25
$535.1M
$6.7B
Q1 25
$544.2M
$6.6B
Q4 24
$6.9B
Q3 24
$7.1B
Q2 24
$7.2B

Cash Flow & Capital Efficiency

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

Metric
TWNP
TWNP
WASH
WASH
Operating Cash FlowLast quarter
$-5.9M
Free Cash FlowOCF − Capex
$-7.4M
FCF MarginFCF / Revenue
-9.0%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TWNP
TWNP
WASH
WASH
Q1 26
Q4 25
$80.3M
Q3 25
$-5.9M
$39.6M
Q2 25
$-8.8M
$11.3M
Q1 25
$-5.7M
$8.4M
Q4 24
$57.7M
Q3 24
$25.7M
Q2 24
$11.2M
Free Cash Flow
TWNP
TWNP
WASH
WASH
Q1 26
Q4 25
$78.3M
Q3 25
$-7.4M
$39.3M
Q2 25
$-10.6M
$10.9M
Q1 25
$-9.7M
$8.4M
Q4 24
$53.7M
Q3 24
$24.4M
Q2 24
$9.6M
FCF Margin
TWNP
TWNP
WASH
WASH
Q1 26
Q4 25
132.2%
Q3 25
-9.0%
69.6%
Q2 25
-12.1%
20.2%
Q1 25
-11.2%
14.2%
Q4 24
433.8%
Q3 24
50.4%
Q2 24
19.8%
Capex Intensity
TWNP
TWNP
WASH
WASH
Q1 26
Q4 25
3.4%
Q3 25
1.9%
0.6%
Q2 25
2.1%
0.7%
Q1 25
4.6%
0.1%
Q4 24
32.3%
Q3 24
2.6%
Q2 24
3.4%
Cash Conversion
TWNP
TWNP
WASH
WASH
Q1 26
Q4 25
5.03×
Q3 25
3.65×
Q2 25
0.86×
Q1 25
0.69×
Q4 24
Q3 24
2.34×
Q2 24
1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TWNP
TWNP

Segment breakdown not available.

WASH
WASH

Net Interest Income$40.5M70%
Noninterest Income$17.3M30%

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