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Side-by-side financial comparison of Twin Hospitality Group Inc. (TWNP) and Whitestone REIT (WSR). 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 $43.9M, roughly 1.9× Whitestone REIT). Whitestone REIT runs the higher net margin — 52.0% vs -29.7%, a 81.7% gap on every dollar of revenue. Whitestone REIT produced more free cash flow last quarter ($50.5M vs $-7.4M).
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.
Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.
TWNP vs WSR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $82.3M | $43.9M |
| Net Profit | $-24.5M | $22.8M |
| Gross Margin | — | — |
| Operating Margin | -16.2% | 53.0% |
| Net Margin | -29.7% | 52.0% |
| Revenue YoY | — | 7.5% |
| Net Profit YoY | — | 31.7% |
| EPS (diluted) | $-0.43 | $0.43 |
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 | — | $43.9M | ||
| Q3 25 | $82.3M | $41.0M | ||
| Q2 25 | $87.8M | $37.9M | ||
| Q1 25 | $87.1M | $38.0M | ||
| Q4 24 | — | $40.8M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | — | $37.6M | ||
| Q1 24 | — | $37.2M |
| Q4 25 | — | $22.8M | ||
| Q3 25 | $-24.5M | $18.3M | ||
| Q2 25 | $-20.8M | $5.1M | ||
| Q1 25 | $-12.1M | $3.7M | ||
| Q4 24 | — | $17.3M | ||
| Q3 24 | — | $7.6M | ||
| Q2 24 | — | $2.6M | ||
| Q1 24 | — | $9.3M |
| Q4 25 | — | 53.0% | ||
| Q3 25 | -16.2% | 45.5% | ||
| Q2 25 | -13.2% | 13.8% | ||
| Q1 25 | -1.2% | 10.2% | ||
| Q4 24 | — | 43.3% | ||
| Q3 24 | — | 20.3% | ||
| Q2 24 | — | 7.2% | ||
| Q1 24 | — | 25.9% |
| Q4 25 | — | 52.0% | ||
| Q3 25 | -29.7% | 44.7% | ||
| Q2 25 | -23.7% | 13.3% | ||
| Q1 25 | -13.9% | 9.7% | ||
| Q4 24 | — | 42.5% | ||
| Q3 24 | — | 19.7% | ||
| Q2 24 | — | 6.9% | ||
| Q1 24 | — | 25.1% |
| Q4 25 | — | $0.43 | ||
| Q3 25 | $-0.43 | $0.35 | ||
| Q2 25 | $-0.38 | $0.10 | ||
| Q1 25 | $-0.26 | $0.07 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | — | $0.15 | ||
| Q2 24 | — | $0.05 | ||
| Q1 24 | — | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.9M |
| Total DebtLower is stronger | $402.8M | $649.4M |
| Stockholders' EquityBook value | $-92.1M | $458.1M |
| Total Assets | $516.8M | $1.2B |
| Debt / EquityLower = less leverage | — | 1.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.9M | ||
| Q3 25 | — | $6.8M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.6M | ||
| Q4 24 | — | $5.2M | ||
| Q3 24 | — | $2.5M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $6.2M |
| Q4 25 | — | $649.4M | ||
| Q3 25 | $402.8M | — | ||
| Q2 25 | $411.3M | — | ||
| Q1 25 | $413.0M | — | ||
| Q4 24 | — | $632.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $458.1M | ||
| Q3 25 | $-92.1M | $439.5M | ||
| Q2 25 | $-78.6M | $427.5M | ||
| Q1 25 | $-101.9M | $431.0M | ||
| Q4 24 | — | $438.2M | ||
| Q3 24 | — | $419.5M | ||
| Q2 24 | — | $418.3M | ||
| Q1 24 | — | $421.6M |
| Q4 25 | — | $1.2B | ||
| Q3 25 | $516.8M | $1.1B | ||
| Q2 25 | $535.1M | $1.2B | ||
| Q1 25 | $544.2M | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | — | ||
| 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 | $-5.9M | $50.8M |
| Free Cash FlowOCF − Capex | $-7.4M | $50.5M |
| FCF MarginFCF / Revenue | -9.0% | 114.9% |
| Capex IntensityCapex / Revenue | 1.9% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $50.8M | ||
| Q3 25 | $-5.9M | $18.0M | ||
| Q2 25 | $-8.8M | $13.8M | ||
| Q1 25 | $-5.7M | $3.1M | ||
| Q4 24 | — | $58.2M | ||
| Q3 24 | — | $16.4M | ||
| Q2 24 | — | $12.3M | ||
| Q1 24 | — | $11.5M |
| Q4 25 | — | $50.5M | ||
| Q3 25 | $-7.4M | — | ||
| Q2 25 | $-10.6M | — | ||
| Q1 25 | $-9.7M | — | ||
| Q4 24 | — | $58.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 114.9% | ||
| Q3 25 | -9.0% | — | ||
| Q2 25 | -12.1% | — | ||
| Q1 25 | -11.2% | — | ||
| Q4 24 | — | 142.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.7% | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 4.6% | — | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 2.22× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 2.74× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 3.36× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 4.73× | ||
| Q1 24 | — | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
