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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
FEDERAL AGRICULTURAL MORTGAGE CORP is the larger business by last-quarter revenue ($107.5M vs $73.5M, roughly 1.5× Target Hospitality Corp.). On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 6.1%). Over the past eight quarters, FEDERAL AGRICULTURAL MORTGAGE CORP's revenue compounded faster (7.1% CAGR vs 0.7%).
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
AGM vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $73.5M |
| Net Profit | — | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 56.3% | -22.9% |
| Net Margin | — | -20.3% |
| Revenue YoY | 6.1% | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $3.69 | $-0.14 |
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 | $107.5M | $73.5M | ||
| Q3 25 | $104.0M | $91.6M | ||
| Q2 25 | $102.6M | $54.9M | ||
| Q1 25 | $94.3M | $54.9M | ||
| Q4 24 | $101.3M | $60.2M | ||
| Q3 24 | $90.3M | $65.8M | ||
| Q2 24 | $89.9M | $67.5M | ||
| Q1 24 | $93.7M | $72.4M |
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $55.0M | $-795.0K | ||
| Q2 25 | $54.8M | $-14.9M | ||
| Q1 25 | $49.7M | $-6.5M | ||
| Q4 24 | $56.5M | $12.5M | ||
| Q3 24 | $49.8M | $20.0M | ||
| Q2 24 | $47.1M | $18.4M | ||
| Q1 24 | $53.7M | $20.4M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
| Q4 25 | 56.3% | -22.9% | ||
| Q3 25 | 64.1% | 0.1% | ||
| Q2 25 | 63.8% | -30.8% | ||
| Q1 25 | 66.9% | -2.0% | ||
| Q4 24 | 67.5% | 34.5% | ||
| Q3 24 | 69.0% | 42.5% | ||
| Q2 24 | 65.9% | 43.8% | ||
| Q1 24 | 72.8% | 42.0% |
| Q4 25 | — | -20.3% | ||
| Q3 25 | 52.9% | -0.9% | ||
| Q2 25 | 53.4% | -27.2% | ||
| Q1 25 | 52.6% | -11.8% | ||
| Q4 24 | 55.8% | 20.8% | ||
| Q3 24 | 55.2% | 30.4% | ||
| Q2 24 | 52.4% | 27.2% | ||
| Q1 24 | 57.4% | 28.2% |
| Q4 25 | $3.69 | $-0.14 | ||
| Q3 25 | $4.44 | $-0.01 | ||
| Q2 25 | $4.48 | $-0.15 | ||
| Q1 25 | $4.01 | $-0.07 | ||
| Q4 24 | $4.62 | $0.12 | ||
| Q3 24 | $3.86 | $0.20 | ||
| Q2 24 | $3.68 | $0.18 | ||
| Q1 24 | $4.28 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.3M |
| Total DebtLower is stronger | $30.8B | $1.7M |
| Stockholders' EquityBook value | $1.7B | $389.3M |
| Total Assets | $35.4B | $530.2M |
| Debt / EquityLower = less leverage | 17.93× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.3M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | — | $34.5M | ||
| Q4 24 | — | $190.7M | ||
| Q3 24 | $842.1M | $177.7M | ||
| Q2 24 | $923.0M | $154.3M | ||
| Q1 24 | $745.1M | $124.3M |
| Q4 25 | $30.8B | $1.7M | ||
| Q3 25 | $29.2B | $2.0M | ||
| Q2 25 | $28.9B | $26.3M | ||
| Q1 25 | $28.0B | $42.9M | ||
| Q4 24 | $27.5B | $1.5M | ||
| Q3 24 | $27.2B | $994.0K | ||
| Q2 24 | $26.8B | $1.1M | ||
| Q1 24 | $26.8B | $179.9M |
| Q4 25 | $1.7B | $389.3M | ||
| Q3 25 | $1.7B | $402.4M | ||
| Q2 25 | $1.5B | $401.3M | ||
| Q1 25 | $1.5B | $415.3M | ||
| Q4 24 | $1.5B | $421.1M | ||
| Q3 24 | $1.5B | $417.6M | ||
| Q2 24 | $1.5B | $397.2M | ||
| Q1 24 | $1.5B | $375.5M |
| Q4 25 | $35.4B | $530.2M | ||
| Q3 25 | $33.4B | $541.2M | ||
| Q2 25 | $33.0B | $533.7M | ||
| Q1 25 | $31.8B | $562.5M | ||
| Q4 24 | $31.3B | $725.8M | ||
| Q3 24 | $30.6B | $709.8M | ||
| Q2 24 | $30.2B | $697.0M | ||
| Q1 24 | $29.8B | $687.2M |
| Q4 25 | 17.93× | 0.00× | ||
| Q3 25 | 17.31× | 0.01× | ||
| Q2 25 | 18.70× | 0.07× | ||
| Q1 25 | 18.39× | 0.10× | ||
| Q4 24 | 18.48× | 0.00× | ||
| Q3 24 | 18.60× | 0.00× | ||
| Q2 24 | 17.87× | 0.00× | ||
| Q1 24 | 18.11× | 0.48× |
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 | $80.1M | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | $5.7M | ||
| Q3 25 | $74.2M | $53.4M | ||
| Q2 25 | $-47.7M | $11.1M | ||
| Q1 25 | $-49.8M | $3.9M | ||
| Q4 24 | $612.6M | $30.6M | ||
| Q3 24 | $-44.4M | $31.4M | ||
| Q2 24 | $56.1M | $39.1M | ||
| Q1 24 | $233.3M | $50.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | $607.4M | — | ||
| Q3 24 | $-44.4M | — | ||
| Q2 24 | $52.6M | — | ||
| Q1 24 | $231.7M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | 599.8% | — | ||
| Q3 24 | -49.2% | — | ||
| Q2 24 | 58.5% | — | ||
| Q1 24 | 247.3% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | 28.2% | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | -0.87× | — | ||
| Q1 25 | -1.00× | — | ||
| Q4 24 | 10.84× | 2.44× | ||
| Q3 24 | -0.89× | 1.57× | ||
| Q2 24 | 1.19× | 2.13× | ||
| Q1 24 | 4.34× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGM
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
