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Side-by-side financial comparison of Via Renewables, Inc. (VIASP) and Wingstop Inc. (WING). Click either name above to swap in a different company.

Wingstop Inc. is the larger business by last-quarter revenue ($183.7M vs $127.8M, roughly 1.4× Via Renewables, Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 5.4%, a 10.9% gap on every dollar of revenue. On growth, Via Renewables, Inc. posted the faster year-over-year revenue change (22.5% vs 7.4%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs 5.9%).

EDF Power Solutions is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.

Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.

VIASP vs WING — Head-to-Head

Bigger by revenue
WING
WING
1.4× larger
WING
$183.7M
$127.8M
VIASP
Growing faster (revenue YoY)
VIASP
VIASP
+15.1% gap
VIASP
22.5%
7.4%
WING
Higher net margin
WING
WING
10.9% more per $
WING
16.3%
5.4%
VIASP
Faster 2-yr revenue CAGR
WING
WING
Annualised
WING
8.6%
5.9%
VIASP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
VIASP
VIASP
WING
WING
Revenue
$127.8M
$183.7M
Net Profit
$6.9M
$29.9M
Gross Margin
34.4%
86.5%
Operating Margin
15.2%
27.4%
Net Margin
5.4%
16.3%
Revenue YoY
22.5%
7.4%
Net Profit YoY
-30.9%
EPS (diluted)
$1.19
$1.08

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
VIASP
VIASP
WING
WING
Q1 26
$183.7M
Q4 25
$127.8M
$175.7M
Q3 25
$103.3M
$175.7M
Q2 25
$90.0M
$174.3M
Q1 25
$142.3M
$171.1M
Q4 24
$104.3M
$161.8M
Q3 24
$93.8M
$162.5M
Q2 24
$86.7M
$155.7M
Net Profit
VIASP
VIASP
WING
WING
Q1 26
$29.9M
Q4 25
$6.9M
$26.8M
Q3 25
$757.0K
$28.5M
Q2 25
$2.7M
$26.8M
Q1 25
$8.8M
$92.3M
Q4 24
$9.9M
$26.8M
Q3 24
$2.1M
$25.7M
Q2 24
$7.6M
$27.5M
Gross Margin
VIASP
VIASP
WING
WING
Q1 26
86.5%
Q4 25
34.4%
Q3 25
23.1%
Q2 25
30.0%
Q1 25
32.9%
Q4 24
51.9%
85.6%
Q3 24
26.8%
85.0%
Q2 24
50.4%
85.4%
Operating Margin
VIASP
VIASP
WING
WING
Q1 26
27.4%
Q4 25
15.2%
26.7%
Q3 25
3.1%
27.9%
Q2 25
6.7%
25.9%
Q1 25
17.5%
22.4%
Q4 24
31.5%
25.9%
Q3 24
5.3%
24.5%
Q2 24
23.8%
26.5%
Net Margin
VIASP
VIASP
WING
WING
Q1 26
16.3%
Q4 25
5.4%
15.2%
Q3 25
0.7%
16.2%
Q2 25
3.0%
15.4%
Q1 25
6.2%
53.9%
Q4 24
9.5%
16.5%
Q3 24
2.3%
15.8%
Q2 24
8.8%
17.7%
EPS (diluted)
VIASP
VIASP
WING
WING
Q1 26
$1.08
Q4 25
$1.19
$0.99
Q3 25
$-0.41
$1.02
Q2 25
$0.09
$0.96
Q1 25
$1.83
$3.24
Q4 24
$2.33
$0.91
Q3 24
$-0.17
$0.88
Q2 24
$1.51
$0.93

Balance Sheet & Financial Strength

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

Metric
VIASP
VIASP
WING
WING
Cash + ST InvestmentsLiquidity on hand
$41.8M
$128.8M
Total DebtLower is stronger
$120.0M
Stockholders' EquityBook value
$67.7M
Total Assets
$331.3M
$648.9M
Debt / EquityLower = less leverage
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VIASP
VIASP
WING
WING
Q1 26
$128.8M
Q4 25
$41.8M
$196.6M
Q3 25
$53.6M
$237.6M
Q2 25
$62.1M
$227.9M
Q1 25
$64.7M
$251.4M
Q4 24
$53.1M
$315.9M
Q3 24
$66.6M
$84.0M
Q2 24
$53.6M
$96.7M
Total Debt
VIASP
VIASP
WING
WING
Q1 26
Q4 25
$120.0M
$1.2B
Q3 25
$105.0M
Q2 25
$100.0M
Q1 25
$101.0M
Q4 24
$106.0M
$1.2B
Q3 24
$89.0M
Q2 24
$93.0M
Stockholders' Equity
VIASP
VIASP
WING
WING
Q1 26
Q4 25
$67.7M
$-736.8M
Q3 25
$63.7M
$-702.6M
Q2 25
$68.2M
$-686.0M
Q1 25
$72.7M
$-715.0M
Q4 24
$66.7M
$-675.6M
Q3 24
$58.2M
$-447.5M
Q2 24
$58.3M
$-437.5M
Total Assets
VIASP
VIASP
WING
WING
Q1 26
$648.9M
Q4 25
$331.3M
$693.4M
Q3 25
$304.8M
$721.0M
Q2 25
$316.3M
$708.3M
Q1 25
$347.4M
$696.8M
Q4 24
$344.9M
$716.2M
Q3 24
$298.4M
$484.8M
Q2 24
$299.7M
$451.8M
Debt / Equity
VIASP
VIASP
WING
WING
Q1 26
Q4 25
1.77×
Q3 25
1.65×
Q2 25
1.47×
Q1 25
1.39×
Q4 24
1.59×
Q3 24
1.53×
Q2 24
1.60×

Cash Flow & Capital Efficiency

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

Metric
VIASP
VIASP
WING
WING
Operating Cash FlowLast quarter
$-4.2M
Free Cash FlowOCF − Capex
$-4.8M
FCF MarginFCF / Revenue
-3.7%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
-0.61×
TTM Free Cash FlowTrailing 4 quarters
$39.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VIASP
VIASP
WING
WING
Q1 26
Q4 25
$-4.2M
$57.3M
Q3 25
$2.4M
$63.9M
Q2 25
$19.0M
$6.6M
Q1 25
$24.9M
$25.3M
Q4 24
$2.0M
$7.7M
Q3 24
$20.1M
$69.0M
Q2 24
$11.2M
$36.2M
Free Cash Flow
VIASP
VIASP
WING
WING
Q1 26
Q4 25
$-4.8M
$34.5M
Q3 25
$1.9M
$61.7M
Q2 25
$18.4M
$-7.8M
Q1 25
$23.5M
$17.3M
Q4 24
$1.6M
$-8.6M
Q3 24
$19.7M
$54.9M
Q2 24
$10.9M
$25.9M
FCF Margin
VIASP
VIASP
WING
WING
Q1 26
Q4 25
-3.7%
19.6%
Q3 25
1.9%
35.1%
Q2 25
20.5%
-4.5%
Q1 25
16.5%
10.1%
Q4 24
1.5%
-5.3%
Q3 24
21.0%
33.8%
Q2 24
12.6%
16.6%
Capex Intensity
VIASP
VIASP
WING
WING
Q1 26
Q4 25
0.4%
13.0%
Q3 25
0.4%
1.3%
Q2 25
0.6%
8.2%
Q1 25
1.0%
4.7%
Q4 24
0.4%
10.1%
Q3 24
0.4%
8.7%
Q2 24
0.3%
6.6%
Cash Conversion
VIASP
VIASP
WING
WING
Q1 26
Q4 25
-0.61×
2.14×
Q3 25
3.12×
2.24×
Q2 25
6.94×
0.25×
Q1 25
2.84×
0.27×
Q4 24
0.20×
0.29×
Q3 24
9.41×
2.68×
Q2 24
1.47×
1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VIASP
VIASP

Retail Electricity$79.7M62%
Retail Natural Gas$48.9M38%

WING
WING

Royalty revenue, franchise fees and other$87.5M48%
Advertising fees$63.3M34%
Company-owned restaurant sales$33.0M18%

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