Friday 6 November 2026
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Twin Hospitality Group Inc.
TWNPQ Consumer Cyclical Restaurants
Twin Hospitality Group Inc.’s revenue for fiscal 2024 (year ended December 2024) was $353.8 million, up 53.2% from fiscal 2023.
- Revenue
- −1.61%
- Free cash flow
- +14.7%
Quarter to September 2025, against a year earlier
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM Sep ’25 | Trend | 10 yrs | 2025e | 2026e | 2027e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | — | 231 | 354 | 344 | +53.2% | 336 | 409 | — | +7.5% | |
| Gross margin, % | — | — | — | — | — | — | — | — | 49.09 | 46.11 | 46.40 | (3.0) pt | ||||||
| EBT | — | — | — | — | — | — | — | — | (14) | (57) | (80) | +302.1% | ||||||
| EBT margin, % | — | — | — | — | — | — | — | — | (6.09) | (15.99) | (23.38) | (9.9) pt | ||||||
| Net income | — | — | — | — | — | — | — | — | (14) | (48) | (69) | +248.0% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 6.00 | n/m | |||||
| Earnings | — | — | — | — | — | — | — | — | — | (0.96) | (1.39) | — | ||||||
| Cash flow | — | — | — | — | — | — | — | — | 0.00 | 0.00 | (0.49) | n/m | ||||||
| Capex | — | — | — | — | — | — | — | — | 0.00 | 0.00 | (0.05) | n/m | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | 0.00 | 0.00 | (0.54) | n/m | ||||||
| Book value | — | — | — | — | — | — | — | — | 0.00 | 0.00 | (1.61) | n/m | ||||||
| Shares, m | — | — | — | — | — | — | — | — | — | — | 52 | — | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | — | — | 2.55 | 2.55 | 0.00 | 2.6 | ||||||
| P/B | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.0 | ||||||
| EV/Sales | — | — | — | — | — | — | — | — | 3.68 | 3.68 | 1.13 | 3.7 | ||||||
| EV/FCF | — | — | — | — | — | — | — | — | (36.60) | (36.60) | (12.54) | (36.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | — | 6 | (15) | (28) | n/m | |||||
| Capex | — | — | — | — | — | — | — | — | (15) | (21) | (3) | +40.3% | ||||||
| Free cash flow | — | — | — | — | — | — | — | — | (9) | (36) | (31) | +314.8% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | — | (43) | (26) | (420) | (38.0%) | |||||
| Net debt | — | — | — | — | — | — | — | — | 324 | 398 | 388 | +22.6% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | — | (16) | (85) | (92) | +445.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | — | 0.00 | (8.69) | (12.82) | (8.7) pt | |||||
| ROIC | — | — | — | — | — | — | — | — | 2.62 | (1.66) | (7.06) | (4.3) pt | ||||||
| ROE | — | — | — | — | — | — | — | — | 0.00 | 96.22 | 128.91 | +96.2 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 5,700 | 5,300 | — | (7.0%) | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | — | 0.04 | 0.07 | — | +64.8% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2024 · latest quarter Sep 2025
Twin Hospitality Group Inc. vs peers in Restaurants (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| RAVE Rave Restaurant Group, Inc. | $30.4M | 10.0× | 2.4× | +8.81% (above 0%: growing) | 0.00% | +30.02% (above 0%: growing) | 75.29% | 36.28% | Compare |
| ARKR Ark Restaurants Corp. | $17.0M | — (loss-making) | 8.0× | −6.48% (below 0%: shrinking) | n/m | −221.42% (below 0%: shrinking) | 7.92% | (0.34%) | Compare |
| CCHH CCH Holdings Ltd | $15.3M | — | — | — | — | — | — | — | Compare |
| GTIM Good Times Restaurants Inc. | $13.4M | 5.9× | — (loss-making) | −5.02% (below 0%: shrinking) | +28.57% (above 0%: growing) | +123.27% (above 0%: growing) | 14.81% | 5.02% | Compare |
| REBN Reborn Coffee, Inc. | $10.9M | — (loss-making) | — | +244.55% (above 0%: growing) | n/m | +45.86% (above 0%: growing) | 19.83% | (24.93%) | Compare |
| BTBD BT Brands, Inc. | $9.5M | — (loss-making) | — (loss-making) | −6.05% (below 0%: shrinking) | +800.00% (above 0%: growing) | −57.77% (below 0%: shrinking) | 23.52% | 3.30% | Compare |
| CHSN Chanson International Holding | $5.5M | 230× | — | −81.14% (below 0%: shrinking) | −100.00% (below 0%: shrinking) | −515.78% (below 0%: shrinking) | 49.17% | 0.00% | Compare |
| TWNPQ Twin Hospitality Group Inc. | $4.1M | — (loss-making) | — | −1.61% (below 0%: shrinking) | n/m | +14.65% (above 0%: growing) | 46.24% | (16.24%) | |
| VSTD Vestand Inc. | $1.4M | — (loss-making) | — | +10.93% (above 0%: growing) | n/m | −217.17% (below 0%: shrinking) | (11.15%) | (46.15%) | Compare |
| Median of peers | $12.1M | 10.0× | — | −5.02% | +14.29% | −57.77% | 19.83% | 0.00% |
Pay and ownership Proxy statement filed 13 November 2025
Ownership
Directors and executive officers, together
less than 1%
FAT Brands Inc.
98.50%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement