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Side-by-side financial comparison of Twin Hospitality Group Inc. (TWNP) 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 $82.3M, roughly 1.4× Twin Hospitality Group Inc.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -29.7%, a 29.0% gap on every dollar of revenue. ZIPRECRUITER, INC. produced more free cash flow last quarter ($7.6M 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 ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.4× larger
ZIP
$111.7M
$82.3M
TWNP
Higher net margin
ZIP
ZIP
29.0% more per $
ZIP
-0.7%
-29.7%
TWNP
More free cash flow
ZIP
ZIP
$15.0M more FCF
ZIP
$7.6M
$-7.4M
TWNP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
TWNP
TWNP
ZIP
ZIP
Revenue
$82.3M
$111.7M
Net Profit
$-24.5M
$-835.0K
Gross Margin
89.1%
Operating Margin
-16.2%
3.6%
Net Margin
-29.7%
-0.7%
Revenue YoY
0.6%
Net Profit YoY
92.3%
EPS (diluted)
$-0.43
$-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.

Revenue
TWNP
TWNP
ZIP
ZIP
Q4 25
$111.7M
Q3 25
$82.3M
$115.0M
Q2 25
$87.8M
$112.2M
Q1 25
$87.1M
$110.1M
Q4 24
$111.0M
Q3 24
$117.1M
Q2 24
$123.7M
Q1 24
$122.2M
Net Profit
TWNP
TWNP
ZIP
ZIP
Q4 25
$-835.0K
Q3 25
$-24.5M
$-9.8M
Q2 25
$-20.8M
$-9.5M
Q1 25
$-12.1M
$-12.8M
Q4 24
$-10.8M
Q3 24
$-2.6M
Q2 24
$7.0M
Q1 24
$-6.5M
Gross Margin
TWNP
TWNP
ZIP
ZIP
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%
Operating Margin
TWNP
TWNP
ZIP
ZIP
Q4 25
3.6%
Q3 25
-16.2%
-4.4%
Q2 25
-13.2%
-5.9%
Q1 25
-1.2%
-10.6%
Q4 24
-3.6%
Q3 24
-2.8%
Q2 24
7.6%
Q1 24
-0.7%
Net Margin
TWNP
TWNP
ZIP
ZIP
Q4 25
-0.7%
Q3 25
-29.7%
-8.5%
Q2 25
-23.7%
-8.5%
Q1 25
-13.9%
-11.7%
Q4 24
-9.7%
Q3 24
-2.2%
Q2 24
5.7%
Q1 24
-5.3%
EPS (diluted)
TWNP
TWNP
ZIP
ZIP
Q4 25
$-0.03
Q3 25
$-0.43
$-0.11
Q2 25
$-0.38
$-0.10
Q1 25
$-0.26
$-0.13
Q4 24
$-0.10
Q3 24
$-0.03
Q2 24
$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
TWNP
TWNP
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$188.0M
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$-92.1M
$-77.2M
Total Assets
$516.8M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TWNP
TWNP
ZIP
ZIP
Q4 25
$188.0M
Q3 25
$211.8M
Q2 25
$203.5M
Q1 25
$221.1M
Q4 24
$218.4M
Q3 24
$225.6M
Q2 24
$271.7M
Q1 24
$282.5M
Total Debt
TWNP
TWNP
ZIP
ZIP
Q4 25
Q3 25
$402.8M
Q2 25
$411.3M
Q1 25
$413.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
TWNP
TWNP
ZIP
ZIP
Q4 25
$-77.2M
Q3 25
$-92.1M
$-76.1M
Q2 25
$-78.6M
$-65.9M
Q1 25
$-101.9M
$-11.3M
Q4 24
$13.4M
Q3 24
$13.6M
Q2 24
$24.4M
Q1 24
$12.7M
Total Assets
TWNP
TWNP
ZIP
ZIP
Q4 25
$569.7M
Q3 25
$516.8M
$573.6M
Q2 25
$535.1M
$592.4M
Q1 25
$544.2M
$629.4M
Q4 24
$664.1M
Q3 24
$652.0M
Q2 24
$665.3M
Q1 24
$662.4M

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
ZIP
ZIP
Operating Cash FlowLast quarter
$-5.9M
$7.7M
Free Cash FlowOCF − Capex
$-7.4M
$7.6M
FCF MarginFCF / Revenue
-9.0%
6.8%
Capex IntensityCapex / Revenue
1.9%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TWNP
TWNP
ZIP
ZIP
Q4 25
$7.7M
Q3 25
$-5.9M
$2.6M
Q2 25
$-8.8M
$10.5M
Q1 25
$-5.7M
$-9.9M
Q4 24
$12.5M
Q3 24
$9.3M
Q2 24
$21.9M
Q1 24
$2.0M
Free Cash Flow
TWNP
TWNP
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$-7.4M
$2.2M
Q2 25
$-10.6M
$10.2M
Q1 25
$-9.7M
$-10.2M
Q4 24
$12.0M
Q3 24
$9.2M
Q2 24
$21.7M
Q1 24
$1.9M
FCF Margin
TWNP
TWNP
ZIP
ZIP
Q4 25
6.8%
Q3 25
-9.0%
1.9%
Q2 25
-12.1%
9.1%
Q1 25
-11.2%
-9.3%
Q4 24
10.8%
Q3 24
7.8%
Q2 24
17.6%
Q1 24
1.6%
Capex Intensity
TWNP
TWNP
ZIP
ZIP
Q4 25
0.1%
Q3 25
1.9%
0.3%
Q2 25
2.1%
0.3%
Q1 25
4.6%
0.3%
Q4 24
0.4%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
TWNP
TWNP
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.12×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

TWNP
TWNP

Segment breakdown not available.

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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