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Side-by-side financial comparison of Wingstop Inc. (WING) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $183.7M, roughly 1.4× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 11.2%, a 5.0% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs -15.3%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
WING vs XIFR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.7M | $249.0M |
| Net Profit | $29.9M | $28.0M |
| Gross Margin | 86.5% | — |
| Operating Margin | 27.4% | -19.3% |
| Net Margin | 16.3% | 11.2% |
| Revenue YoY | 7.4% | -15.3% |
| Net Profit YoY | — | 124.3% |
| EPS (diluted) | $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.
| Q1 26 | $183.7M | — | ||
| Q4 25 | $175.7M | $249.0M | ||
| Q3 25 | $175.7M | $315.0M | ||
| Q2 25 | $174.3M | $342.0M | ||
| Q1 25 | $171.1M | $282.0M | ||
| Q4 24 | $161.8M | $294.0M | ||
| Q3 24 | $162.5M | $319.0M | ||
| Q2 24 | $155.7M | $360.0M |
| Q1 26 | $29.9M | — | ||
| Q4 25 | $26.8M | $28.0M | ||
| Q3 25 | $28.5M | $-37.0M | ||
| Q2 25 | $26.8M | $79.0M | ||
| Q1 25 | $92.3M | $-98.0M | ||
| Q4 24 | $26.8M | $-115.0M | ||
| Q3 24 | $25.7M | $-40.0M | ||
| Q2 24 | $27.5M | $62.0M |
| Q1 26 | 86.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 85.6% | — | ||
| Q3 24 | 85.0% | — | ||
| Q2 24 | 85.4% | — |
| Q1 26 | 27.4% | — | ||
| Q4 25 | 26.7% | -19.3% | ||
| Q3 25 | 27.9% | 1.6% | ||
| Q2 25 | 25.9% | 26.3% | ||
| Q1 25 | 22.4% | -82.6% | ||
| Q4 24 | 25.9% | -188.1% | ||
| Q3 24 | 24.5% | 15.4% | ||
| Q2 24 | 26.5% | 18.3% |
| Q1 26 | 16.3% | — | ||
| Q4 25 | 15.2% | 11.2% | ||
| Q3 25 | 16.2% | -11.7% | ||
| Q2 25 | 15.4% | 23.1% | ||
| Q1 25 | 53.9% | -34.8% | ||
| Q4 24 | 16.5% | -39.1% | ||
| Q3 24 | 15.8% | -12.5% | ||
| Q2 24 | 17.7% | 17.2% |
| Q1 26 | $1.08 | — | ||
| Q4 25 | $0.99 | — | ||
| Q3 25 | $1.02 | $-0.40 | ||
| Q2 25 | $0.96 | $0.84 | ||
| Q1 25 | $3.24 | $-1.05 | ||
| Q4 24 | $0.91 | — | ||
| Q3 24 | $0.88 | $-0.43 | ||
| Q2 24 | $0.93 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.8M | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | — | $10.9B |
| Total Assets | $648.9M | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $128.8M | — | ||
| Q4 25 | $196.6M | $960.0M | ||
| Q3 25 | $237.6M | $711.0M | ||
| Q2 25 | $227.9M | $880.0M | ||
| Q1 25 | $251.4M | $1.5B | ||
| Q4 24 | $315.9M | $283.0M | ||
| Q3 24 | $84.0M | $290.0M | ||
| Q2 24 | $96.7M | $281.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $-736.8M | $10.9B | ||
| Q3 25 | $-702.6M | $11.0B | ||
| Q2 25 | $-686.0M | $11.3B | ||
| Q1 25 | $-715.0M | $12.6B | ||
| Q4 24 | $-675.6M | $12.9B | ||
| Q3 24 | $-447.5M | $13.6B | ||
| Q2 24 | $-437.5M | $13.9B |
| Q1 26 | $648.9M | — | ||
| Q4 25 | $693.4M | $19.6B | ||
| Q3 25 | $721.0M | $19.1B | ||
| Q2 25 | $708.3M | $20.5B | ||
| Q1 25 | $696.8M | $21.4B | ||
| Q4 24 | $716.2M | $20.3B | ||
| Q3 24 | $484.8M | $20.9B | ||
| Q2 24 | $451.8M | $21.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | — | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $57.3M | $186.0M | ||
| Q3 25 | $63.9M | $231.0M | ||
| Q2 25 | $6.6M | $232.0M | ||
| Q1 25 | $25.3M | $90.0M | ||
| Q4 24 | $7.7M | $283.0M | ||
| Q3 24 | $69.0M | $208.0M | ||
| Q2 24 | $36.2M | $231.0M |
| Q1 26 | — | — | ||
| Q4 25 | $34.5M | $-88.0M | ||
| Q3 25 | $61.7M | $-283.0M | ||
| Q2 25 | $-7.8M | $151.0M | ||
| Q1 25 | $17.3M | $1.0M | ||
| Q4 24 | $-8.6M | $231.0M | ||
| Q3 24 | $54.9M | $152.0M | ||
| Q2 24 | $25.9M | $162.0M |
| Q1 26 | — | — | ||
| Q4 25 | 19.6% | -35.3% | ||
| Q3 25 | 35.1% | -89.8% | ||
| Q2 25 | -4.5% | 44.2% | ||
| Q1 25 | 10.1% | 0.4% | ||
| Q4 24 | -5.3% | 78.6% | ||
| Q3 24 | 33.8% | 47.6% | ||
| Q2 24 | 16.6% | 45.0% |
| Q1 26 | — | — | ||
| Q4 25 | 13.0% | 110.0% | ||
| Q3 25 | 1.3% | 163.2% | ||
| Q2 25 | 8.2% | 23.7% | ||
| Q1 25 | 4.7% | 31.6% | ||
| Q4 24 | 10.1% | 17.7% | ||
| Q3 24 | 8.7% | 17.6% | ||
| Q2 24 | 6.6% | 19.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.14× | 6.64× | ||
| Q3 25 | 2.24× | — | ||
| Q2 25 | 0.25× | 2.94× | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | 0.29× | — | ||
| Q3 24 | 2.68× | — | ||
| Q2 24 | 1.32× | 3.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
