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Side-by-side financial comparison of Wingstop Inc. (WING) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $175.7M, roughly 1.4× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 15.2% vs 4.9%, a 10.3% gap on every dollar of revenue. On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs 8.6%). WORKIVA INC produced more free cash flow last quarter ($50.7M vs $34.5M). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% CAGR vs 9.8%).
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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
WING vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $175.7M | $238.9M |
| Net Profit | $26.8M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 26.7% | 3.3% |
| Net Margin | 15.2% | 4.9% |
| Revenue YoY | 8.6% | 19.5% |
| Net Profit YoY | 0.0% | 234.0% |
| EPS (diluted) | $0.99 | $0.21 |
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 | $175.7M | $238.9M | ||
| Q3 25 | $175.7M | $224.2M | ||
| Q2 25 | $174.3M | $215.2M | ||
| Q1 25 | $171.1M | $206.3M | ||
| Q4 24 | $161.8M | $199.9M | ||
| Q3 24 | $162.5M | $185.6M | ||
| Q2 24 | $155.7M | $177.5M | ||
| Q1 24 | $145.8M | $175.7M |
| Q4 25 | $26.8M | $11.8M | ||
| Q3 25 | $28.5M | $2.8M | ||
| Q2 25 | $26.8M | $-19.4M | ||
| Q1 25 | $92.3M | $-21.4M | ||
| Q4 24 | $26.8M | $-8.8M | ||
| Q3 24 | $25.7M | $-17.0M | ||
| Q2 24 | $27.5M | $-17.5M | ||
| Q1 24 | $28.7M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | 85.6% | 77.1% | ||
| Q3 24 | 85.0% | 76.5% | ||
| Q2 24 | 85.4% | 76.8% | ||
| Q1 24 | 85.4% | 76.4% |
| Q4 25 | 26.7% | 3.3% | ||
| Q3 25 | 27.9% | -1.5% | ||
| Q2 25 | 25.9% | -10.3% | ||
| Q1 25 | 22.4% | -12.0% | ||
| Q4 24 | 25.9% | -6.7% | ||
| Q3 24 | 24.5% | -11.7% | ||
| Q2 24 | 26.5% | -13.0% | ||
| Q1 24 | 29.3% | -10.4% |
| Q4 25 | 15.2% | 4.9% | ||
| Q3 25 | 16.2% | 1.2% | ||
| Q2 25 | 15.4% | -9.0% | ||
| Q1 25 | 53.9% | -10.4% | ||
| Q4 24 | 16.5% | -4.4% | ||
| Q3 24 | 15.8% | -9.2% | ||
| Q2 24 | 17.7% | -9.9% | ||
| Q1 24 | 19.7% | -6.7% |
| Q4 25 | $0.99 | $0.21 | ||
| Q3 25 | $1.02 | $0.05 | ||
| Q2 25 | $0.96 | $-0.35 | ||
| Q1 25 | $3.24 | $-0.38 | ||
| Q4 24 | $0.91 | $-0.15 | ||
| Q3 24 | $0.88 | $-0.31 | ||
| Q2 24 | $0.93 | $-0.32 | ||
| Q1 24 | $0.98 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $196.6M | $338.8M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $-736.8M | $-5.4M |
| Total Assets | $693.4M | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $196.6M | $338.8M | ||
| Q3 25 | $237.6M | $315.9M | ||
| Q2 25 | $227.9M | $284.3M | ||
| Q1 25 | $251.4M | $242.0M | ||
| Q4 24 | $315.9M | $301.8M | ||
| Q3 24 | $84.0M | $248.2M | ||
| Q2 24 | $96.7M | $267.9M | ||
| Q1 24 | $108.3M | $296.1M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-736.8M | $-5.4M | ||
| Q3 25 | $-702.6M | $-36.9M | ||
| Q2 25 | $-686.0M | $-66.5M | ||
| Q1 25 | $-715.0M | $-75.7M | ||
| Q4 24 | $-675.6M | $-41.7M | ||
| Q3 24 | $-447.5M | $-50.8M | ||
| Q2 24 | $-437.5M | $-77.7M | ||
| Q1 24 | $-434.4M | $-83.2M |
| Q4 25 | $693.4M | $1.5B | ||
| Q3 25 | $721.0M | $1.4B | ||
| Q2 25 | $708.3M | $1.3B | ||
| Q1 25 | $696.8M | $1.3B | ||
| Q4 24 | $716.2M | $1.4B | ||
| Q3 24 | $484.8M | $1.3B | ||
| Q2 24 | $451.8M | $1.2B | ||
| Q1 24 | $412.3M | $1.2B |
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 | $57.3M | $51.0M |
| Free Cash FlowOCF − Capex | $34.5M | $50.7M |
| FCF MarginFCF / Revenue | 19.6% | 21.2% |
| Capex IntensityCapex / Revenue | 13.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.14× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | $105.6M | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $57.3M | $51.0M | ||
| Q3 25 | $63.9M | $46.2M | ||
| Q2 25 | $6.6M | $50.3M | ||
| Q1 25 | $25.3M | $-7.4M | ||
| Q4 24 | $7.7M | $44.0M | ||
| Q3 24 | $69.0M | $18.9M | ||
| Q2 24 | $36.2M | $-14.0K | ||
| Q1 24 | $44.7M | $24.8M |
| Q4 25 | $34.5M | $50.7M | ||
| Q3 25 | $61.7M | $46.1M | ||
| Q2 25 | $-7.8M | $49.3M | ||
| Q1 25 | $17.3M | $-8.1M | ||
| Q4 24 | $-8.6M | $43.2M | ||
| Q3 24 | $54.9M | $18.7M | ||
| Q2 24 | $25.9M | $-122.0K | ||
| Q1 24 | $33.5M | $24.6M |
| Q4 25 | 19.6% | 21.2% | ||
| Q3 25 | 35.1% | 20.5% | ||
| Q2 25 | -4.5% | 22.9% | ||
| Q1 25 | 10.1% | -3.9% | ||
| Q4 24 | -5.3% | 21.6% | ||
| Q3 24 | 33.8% | 10.1% | ||
| Q2 24 | 16.6% | -0.1% | ||
| Q1 24 | 23.0% | 14.0% |
| Q4 25 | 13.0% | 0.1% | ||
| Q3 25 | 1.3% | 0.0% | ||
| Q2 25 | 8.2% | 0.5% | ||
| Q1 25 | 4.7% | 0.4% | ||
| Q4 24 | 10.1% | 0.4% | ||
| Q3 24 | 8.7% | 0.1% | ||
| Q2 24 | 6.6% | 0.1% | ||
| Q1 24 | 7.7% | 0.1% |
| Q4 25 | 2.14× | 4.31× | ||
| Q3 25 | 2.24× | 16.57× | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 2.68× | — | ||
| Q2 24 | 1.32× | — | ||
| Q1 24 | 1.55× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WING
| Royalty | $73.7M | 42% |
| Advertising | $61.4M | 35% |
| Franchisor Owned Outlet | $32.4M | 18% |
| Other | $6.4M | 4% |
| Franchise | $1.8M | 1% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
