Twin Hospitality Group (TWNP) 10-Year Financial Performance & Capital Metrics

TWNP • • Industrial / General

Consumer CyclicalRestaurantsCasual DiningFamily & Diner Casual

AboutTwin Hospitality Group, Inc. engages in the operation and franchise of restaurants and sports bars. Its restaurants include Twin Peaks and Smokey Bones. The company was founded on February 6, 2024 and is headquartered in Dallas, TX.Show more

Revenue $354M +53.2%
EBITDA $15M -40.0%
Net Income -$48M -248.0%
EPS (Diluted) -0.96 -242.9%
Gross Margin 27.13% +0.2%
EBITDA Margin 4.29% -60.9%
Operating Margin -2.35% -142.0%
Net Margin -13.61% -127.1%
ROE -
ROIC -1.29% -156.2%
Debt/Equity -
Interest Coverage -0.18 -141.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

No significant strengths identified

✗Weaknesses

✗Negative free cash flow
✗Weak momentum: RS Rating 1 (bottom 1%)
✗Low quality earnings: Net income not backed by cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg1.53%

5Y Avg1.53%

3Y Avg1.53%

Latest-1.7%

Peer Comparison

Family & Diner Casual

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BJRIBJ's Restaurants, Inc.	961.63M	45.50	65	1.81%	1.99%	7.12%	2.56%	1.35
FWRGFirst Watch Restaurant Group, Inc.	1.02B	16.72	55.73	13.95%	0.24%	0.44%		1.36
DRIDarden Restaurants, Inc.	24.68B	214.33	24.19	6.03%	8.9%	49.43%	4.19%	2.70
EATBrinker International, Inc.	7.41B	166.71	20.04	21.95%	7.94%	129.14%	5.59%	4.57
CAKEThe Cheesecake Factory Incorporated	3.03B	60.75	18.98	4.13%	4.33%	39.63%	3.57%	4.30
CBRLCracker Barrel Old Country Store, Inc.	819.44M	36.70	17.82	0.37%	1.33%	10.05%	7.35%	2.44
DENNDenny's Corporation	322.38M	6.26	15.27	-2.5%	3.53%		0.28%
BDLFlanigan's Enterprises, Inc.	59.59M	32.06	11.83	8.99%	2.45%	6.36%	7.85%	0.60

Profit & Loss

	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	165.86M	230.87M	353.8M
Revenue Growth %	-	0.39%	0.53%
Cost of Goods Sold+	108.25M	168.37M	257.8M
COGS % of Revenue	0.65%	0.73%	0.73%
Gross Profit+	57.6M	62.5M	96M
Gross Margin %	0.35%	0.27%	0.27%
Gross Profit Growth %	-	0.08%	0.54%
Operating Expenses+	45.93M	49.56M	104.33M
OpEx % of Revenue	0.28%	0.21%	0.29%
Selling, General & Admin	36.57M	36.04M	79.18M
SG&A % of Revenue	0.22%	0.16%	0.22%
Research & Development	0	0	0
R&D % of Revenue	-	-	-
Other Operating Expenses	9.36M	13.51M	25.15M
Operating Income+	11.68M	12.94M	-8.33M
Operating Margin %	0.07%	0.06%	-0.02%
Operating Income Growth %	-	0.11%	-1.64%
EBITDA+	20.13M	25.32M	15.19M
EBITDA Margin %	0.12%	0.11%	0.04%
EBITDA Growth %	-	0.26%	-0.4%
D&A (Non-Cash Add-back)	8.46M	12.38M	23.52M
EBIT	11.74M	15.64M	-10.44M
Net Interest Income+	-24.51M	-29.71M	-46.14M
Interest Income	0	0	0
Interest Expense	24.51M	29.71M	46.14M
Other Income/Expense	-24.45M	-27.01M	-48.24M
Pretax Income+	-12.77M	-14.07M	-56.57M
Pretax Margin %	-0.08%	-0.06%	-0.16%
Income Tax+	0	-230K	-8.4M
Effective Tax Rate %	1%	0.98%	0.85%
Net Income+	-12.77M	-13.84M	-48.17M
Net Margin %	-0.08%	-0.06%	-0.14%
Net Income Growth %	-	-0.08%	-2.48%
Net Income (Continuing)	-12.77M	-13.84M	-48.17M
Discontinued Operations	0	0	0
Minority Interest	0	0	0
EPS (Diluted)+	-0.25	-0.28	-0.96
EPS Growth %	-	-0.12%	-2.43%
EPS (Basic)	-0.25	-0.28	-0.96
Diluted Shares Outstanding	50.17M	50.17M	50.17M
Basic Shares Outstanding	50.17M	50.17M	50.17M
Dividend Payout Ratio	-	-	-

Balance Sheet

	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	16.6M	28.09M	28.8M
Cash & Short-Term Investments	2.97M	4.49M	9.37M
Cash Only	2.97M	4.49M	9.37M
Short-Term Investments	0	0	0
Accounts Receivable	913K	2.28M	3.13M
Days Sales Outstanding	2.01	3.6	3.23
Inventory	0	0	0
Days Inventory Outstanding	-	-	-
Other Current Assets	12.71M	21.33M	16.3M
Total Non-Current Assets+	237.77M	400.84M	513.73M
Property, Plant & Equipment	101.11M	244.16M	218.63M
Fixed Asset Turnover	1.64x	0.95x	1.62x
Goodwill	105.12M	117.16M	117.2M
Intangible Assets	26.1M	33.1M	166.8M
Long-Term Investments	0	0	7.79M
Other Non-Current Assets	5.44M	6.42M	3.31M
Total Assets+	391.14M	565.58M	542.45M
Asset Turnover	0.42x	0.41x	0.65x
Asset Growth %	-	0.45%	-0.04%
Total Current Liabilities+	32.91M	70.73M	55.23M
Accounts Payable	5.74M	9.49M	9.8M
Days Payables Outstanding	19.34	20.57	13.87
Short-Term Debt	1.86M	9.86M	10.69M
Deferred Revenue (Current)	866K	1000K	1000K
Other Current Liabilities	0	0	35K
Current Ratio	0.50x	0.40x	0.52x
Quick Ratio	0.50x	0.40x	0.52x
Cash Conversion Cycle	-	-	-
Total Non-Current Liabilities+	298.06M	510.37M	571.83M
Long-Term Debt	241.65M	334.02M	405.01M
Capital Lease Obligations	45.85M	149.49M	146.7M
Deferred Tax Liabilities	0	0	2.74M
Other Non-Current Liabilities	6.19M	22.49M	12.57M
Total Liabilities	330.97M	581.09M	627.05M
Total Debt+	295.69M	514.96M	569.85M
Net Debt	292.72M	510.46M	560.48M
Debt / Equity	4.91x	-	-
Debt / EBITDA	14.69x	20.34x	37.53x
Net Debt / EBITDA	14.54x	20.16x	36.91x
Interest Coverage	0.48x	0.44x	-0.18x
Total Equity+	60.18M	-15.51M	-84.61M
Equity Growth %	-	-1.26%	-4.45%
Book Value per Share	1.20	-0.31	-1.69
Total Shareholders' Equity	60.18M	-15.51M	-84.61M
Common Stock	0	0	0
Retained Earnings	0	0	-84.61M
Treasury Stock	0	0	0
Accumulated OCI	0	0	0
Minority Interest	0	0	0

Cash Flow

	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-6.16M	6.04M	-15.04M
Operating CF Margin %	-0.04%	0.03%	-0.04%
Operating CF Growth %	-	1.98%	-3.49%
Net Income	-12.77M	-13.84M	-48.17M
Depreciation & Amortization	8.46M	12.38M	23.52M
Stock-Based Compensation	691K	312K	211K
Deferred Taxes	0	0	-8.25M
Other Non-Cash Items	5.08M	4.04M	21.11M
Working Capital Changes	-7.61M	3.16M	-3.46M
Change in Receivables	70K	-246K	-854K
Change in Inventory	0	0	0
Change in Payables	-2.5M	171K	313K
Cash from Investing+	-6.38M	-14.61M	-20.5M
Capital Expenditures	-17.81M	-23.87M	-25.14M
CapEx % of Revenue	0.11%	0.1%	0.07%
Acquisitions	-	-	-
Investments	-	-	-
Other Investing	11.43M	9.26M	4.63M
Cash from Financing+	6.42M	15.74M	37.28M
Debt Issued (Net)	-	-	-
Equity Issued (Net)	-	-	-
Dividends Paid	0	0	0
Share Repurchases	-	-	-
Other Financing	4.69M	15.22M	23.44M
Net Change in Cash	-	-	-
Free Cash Flow+	-23.97M	-17.83M	-40.17M
FCF Margin %	-0.14%	-0.08%	-0.11%
FCF Growth %	-	0.26%	-1.25%
FCF per Share	-0.48	-0.36	-0.80
FCF Conversion (FCF/Net Income)	0.48x	-0.44x	0.31x
Interest Paid	21.33M	26.14M	36.84M
Taxes Paid	0	0	0

Key Ratios

Metric	2022	2023	2024
Return on Equity (ROE)	-21.22%	-61.97%	-
Return on Invested Capital (ROIC)	-	2.29%	-1.29%
Gross Margin	34.73%	27.07%	27.13%
Net Margin	-7.7%	-5.99%	-13.61%
Debt / Equity	4.91x	-	-
Interest Coverage	0.48x	0.44x	-0.18x
FCF Conversion	0.48x	-0.44x	0.31x
Revenue Growth	-	39.2%	53.25%

Frequently Asked Questions

Growth & Financials

Twin Hospitality Group (TWNP) reported $345.1M in revenue for fiscal year 2024. This represents a 108% increase from $165.9M in 2022.

Twin Hospitality Group (TWNP) grew revenue by 53.2% over the past year. This is strong growth.

Twin Hospitality Group (TWNP) reported a net loss of $61.1M for fiscal year 2024.

Dividend & Returns

Twin Hospitality Group (TWNP) had negative free cash flow of $41.3M in fiscal year 2024, likely due to heavy capital investments.

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