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Side-by-side financial comparison of WEBTOON Entertainment Inc. (WBTN) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
WYNDHAM HOTELS & RESORTS, INC. is the larger business by last-quarter revenue ($334.0M vs $330.7M, roughly 1.0× WEBTOON Entertainment Inc.). WYNDHAM HOTELS & RESORTS, INC. runs the higher net margin — -18.0% vs -93.0%, a 75.0% gap on every dollar of revenue. WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $7.0M).
Webtoon is a South Korean-American webtoon platform launched in 2004 by Naver Corporation, providing hosting for webtoons and compact digital comics. The platform, controlled by Naver and the Naver-SoftBank Group joint venture LY Corporation through a Delaware-domiciled, Los Angeles, California-headquartered holding company Webtoon Entertainment Inc., is free and can be found both on the web at Webtoons.com and on mobile devices available for both Android and iOS.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
WBTN vs WH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $330.7M | $334.0M |
| Net Profit | $-307.6M | $-60.0M |
| Gross Margin | 24.3% | — |
| Operating Margin | -4.0% | — |
| Net Margin | -93.0% | -18.0% |
| Revenue YoY | — | -76.3% |
| Net Profit YoY | — | -170.6% |
| EPS (diluted) | $-2.37 | $-0.80 |
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.
| Q1 26 | — | $334.0M | ||
| Q4 25 | $330.7M | $334.0M | ||
| Q3 25 | $378.0M | $382.0M | ||
| Q2 25 | $348.3M | $397.0M | ||
| Q1 25 | $325.7M | $316.0M | ||
| Q4 24 | — | $336.0M | ||
| Q3 24 | $347.9M | $396.0M | ||
| Q2 24 | $321.0M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $-307.6M | $-60.0M | ||
| Q3 25 | $-11.6M | $105.0M | ||
| Q2 25 | $-4.3M | $87.0M | ||
| Q1 25 | $-22.4M | $61.0M | ||
| Q4 24 | — | $85.0M | ||
| Q3 24 | $19.8M | $102.0M | ||
| Q2 24 | $-76.9M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | 24.3% | — | ||
| Q3 25 | 21.9% | — | ||
| Q2 25 | 25.1% | — | ||
| Q1 25 | 22.0% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 26.3% | — | ||
| Q2 24 | 25.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | -4.0% | -11.4% | ||
| Q3 25 | -3.9% | 46.6% | ||
| Q2 25 | -2.5% | 37.8% | ||
| Q1 25 | -8.2% | 35.4% | ||
| Q4 24 | — | 38.4% | ||
| Q3 24 | -2.3% | 43.2% | ||
| Q2 24 | -24.6% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | -93.0% | -18.0% | ||
| Q3 25 | -3.1% | 27.5% | ||
| Q2 25 | -1.2% | 21.9% | ||
| Q1 25 | -6.9% | 19.3% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | 5.7% | 25.8% | ||
| Q2 24 | -24.0% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $-2.37 | $-0.77 | ||
| Q3 25 | $-0.09 | $1.36 | ||
| Q2 25 | $-0.03 | $1.13 | ||
| Q1 25 | $-0.17 | $0.78 | ||
| Q4 24 | — | $1.06 | ||
| Q3 24 | $0.15 | $1.29 | ||
| Q2 24 | $-0.70 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $581.8M | $64.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $468.0M |
| Total Assets | $1.6B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | $581.8M | $64.0M | ||
| Q3 25 | $584.6M | $70.0M | ||
| Q2 25 | $581.5M | $50.0M | ||
| Q1 25 | $550.1M | $48.0M | ||
| Q4 24 | — | $103.0M | ||
| Q3 24 | $585.5M | $72.0M | ||
| Q2 24 | $572.3M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $1.2B | $468.0M | ||
| Q3 25 | $1.5B | $583.0M | ||
| Q2 25 | $1.5B | $570.0M | ||
| Q1 25 | $1.5B | $579.0M | ||
| Q4 24 | — | $650.0M | ||
| Q3 24 | $1.6B | $583.0M | ||
| Q2 24 | $1.5B | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $1.6B | $4.2B | ||
| Q3 25 | $2.0B | $4.3B | ||
| Q2 25 | $2.0B | $4.3B | ||
| Q1 25 | $1.9B | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | $2.1B | $4.2B | ||
| Q2 24 | $2.0B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | — | 4.44× | ||
| Q1 25 | — | 4.29× | ||
| Q4 24 | — | 3.72× | ||
| Q3 24 | — | 4.19× | ||
| Q2 24 | — | 3.83× |
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 | $7.6M | $367.0M |
| Free Cash FlowOCF − Capex | $7.0M | $168.0M |
| FCF MarginFCF / Revenue | 2.1% | 50.3% |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.6M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $7.6M | $152.0M | ||
| Q3 25 | $16.5M | $86.0M | ||
| Q2 25 | $5.7M | $70.0M | ||
| Q1 25 | $-18.7M | $59.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | $4.1M | $79.0M | ||
| Q2 24 | — | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $7.0M | $136.0M | ||
| Q3 25 | $11.8M | $75.0M | ||
| Q2 25 | $3.9M | $58.0M | ||
| Q1 25 | $-19.2M | $52.0M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | $3.5M | $71.0M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 2.1% | 40.7% | ||
| Q3 25 | 3.1% | 19.6% | ||
| Q2 25 | 1.1% | 14.6% | ||
| Q1 25 | -5.9% | 16.5% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | 1.0% | 17.9% | ||
| Q2 24 | — | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 4.8% | ||
| Q3 25 | 1.2% | 2.9% | ||
| Q2 25 | 0.5% | 3.0% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | 0.2% | 2.0% | ||
| Q2 24 | — | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | 0.21× | 0.77× | ||
| Q2 24 | — | 0.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WBTN
| Other | $158.3M | 48% |
| KR | $125.7M | 38% |
| IP Adaptations | $25.4M | 8% |
| Related Party | $21.3M | 6% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
