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Side-by-side financial comparison of Twin Hospitality Group Inc. (TWNP) and XBP Global Holdings, Inc. (XBP). Click either name above to swap in a different company.
XBP Global Holdings, Inc. is the larger business by last-quarter revenue ($152.4M vs $82.3M, roughly 1.9× Twin Hospitality Group Inc.). Twin Hospitality Group Inc. runs the higher net margin — -29.7% vs -200.7%, a 170.9% gap on every dollar of revenue. XBP Global Holdings, Inc. produced more free cash flow last quarter ($10.5M 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.
TWNP vs XBP — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $82.3M | $152.4M |
| Net Profit | $-24.5M | $-305.8M |
| Gross Margin | — | 21.7% |
| Operating Margin | -16.2% | -191.7% |
| Net Margin | -29.7% | -200.7% |
| Revenue YoY | — | -34.7% |
| Net Profit YoY | — | -980.1% |
| EPS (diluted) | $-0.43 | $-2.60 |
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.
| Q3 25 | $82.3M | $152.4M | ||
| Q2 25 | $87.8M | — | ||
| Q1 25 | $87.1M | — | ||
| Q3 24 | — | $233.4M |
| Q3 25 | $-24.5M | $-305.8M | ||
| Q2 25 | $-20.8M | — | ||
| Q1 25 | $-12.1M | — | ||
| Q3 24 | — | $-28.3M |
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 18.9% |
| Q3 25 | -16.2% | -191.7% | ||
| Q2 25 | -13.2% | — | ||
| Q1 25 | -1.2% | — | ||
| Q3 24 | — | 0.9% |
| Q3 25 | -29.7% | -200.7% | ||
| Q2 25 | -23.7% | — | ||
| Q1 25 | -13.9% | — | ||
| Q3 24 | — | -12.1% |
| Q3 25 | $-0.43 | $-2.60 | ||
| Q2 25 | $-0.38 | — | ||
| Q1 25 | $-0.26 | — | ||
| Q3 24 | — | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $34.5M |
| Total DebtLower is stronger | $402.8M | $381.5M |
| Stockholders' EquityBook value | $-92.1M | $130.5M |
| Total Assets | $516.8M | $947.9M |
| Debt / EquityLower = less leverage | — | 2.92× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $34.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 24 | — | $7.8M |
| Q3 25 | $402.8M | $381.5M | ||
| Q2 25 | $411.3M | — | ||
| Q1 25 | $413.0M | — | ||
| Q3 24 | — | $31.5M |
| Q3 25 | $-92.1M | $130.5M | ||
| Q2 25 | $-78.6M | — | ||
| Q1 25 | $-101.9M | — | ||
| Q3 24 | — | $-1.3B |
| Q3 25 | $516.8M | $947.9M | ||
| Q2 25 | $535.1M | — | ||
| Q1 25 | $544.2M | — | ||
| Q3 24 | — | $99.6M |
| Q3 25 | — | 2.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q3 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 | $13.9M |
| Free Cash FlowOCF − Capex | $-7.4M | $10.5M |
| FCF MarginFCF / Revenue | -9.0% | 6.9% |
| Capex IntensityCapex / Revenue | 1.9% | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-5.9M | $13.9M | ||
| Q2 25 | $-8.8M | — | ||
| Q1 25 | $-5.7M | — | ||
| Q3 24 | — | $-1.5M |
| Q3 25 | $-7.4M | $10.5M | ||
| Q2 25 | $-10.6M | — | ||
| Q1 25 | $-9.7M | — | ||
| Q3 24 | — | $-6.1M |
| Q3 25 | -9.0% | 6.9% | ||
| Q2 25 | -12.1% | — | ||
| Q1 25 | -11.2% | — | ||
| Q3 24 | — | -2.6% |
| Q3 25 | 1.9% | 2.2% | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 4.6% | — | ||
| Q3 24 | — | 2.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TWNP
Segment breakdown not available.
XBP
| Related And Non Related Party | $136.5M | 90% |
| Technology | $8.2M | 5% |
| Other | $5.7M | 4% |
| Deferred Revenue As Of July312025 | $1.9M | 1% |
