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Side-by-side financial comparison of Aptiv (APTV) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Aptiv is the larger business by last-quarter revenue ($5.2B vs $73.5M, roughly 70.1× Target Hospitality Corp.). Aptiv runs the higher net margin — 2.7% vs -20.3%, a 23.0% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 5.0%). Over the past eight quarters, Aptiv's revenue compounded faster (2.5% CAGR vs 0.7%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
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.
APTV vs TH — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $73.5M |
| Net Profit | $138.0M | $-14.9M |
| Gross Margin | 18.7% | 9.6% |
| Operating Margin | 8.2% | -22.9% |
| Net Margin | 2.7% | -20.3% |
| Revenue YoY | 5.0% | 22.0% |
| Net Profit YoY | -48.5% | -219.1% |
| EPS (diluted) | $0.63 | $-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 | $5.2B | $73.5M | ||
| Q3 25 | $5.2B | $91.6M | ||
| Q2 25 | $5.2B | $54.9M | ||
| Q1 25 | $4.8B | $54.9M | ||
| Q4 24 | $4.9B | $60.2M | ||
| Q3 24 | $4.9B | $65.8M | ||
| Q2 24 | $5.1B | $67.5M | ||
| Q1 24 | $4.9B | $72.4M |
| Q4 25 | $138.0M | $-14.9M | ||
| Q3 25 | $-355.0M | $-795.0K | ||
| Q2 25 | $393.0M | $-14.9M | ||
| Q1 25 | $-11.0M | $-6.5M | ||
| Q4 24 | $268.0M | $12.5M | ||
| Q3 24 | $363.0M | $20.0M | ||
| Q2 24 | $938.0M | $18.4M | ||
| Q1 24 | $218.0M | $20.4M |
| Q4 25 | 18.7% | 9.6% | ||
| Q3 25 | 19.5% | 19.6% | ||
| Q2 25 | 19.1% | -0.6% | ||
| Q1 25 | 19.1% | 32.7% | ||
| Q4 24 | 19.6% | 61.5% | ||
| Q3 24 | 18.6% | 68.7% | ||
| Q2 24 | 19.2% | 69.4% | ||
| Q1 24 | 17.9% | 67.8% |
| Q4 25 | 8.2% | -22.9% | ||
| Q3 25 | -3.4% | 0.1% | ||
| Q2 25 | 9.3% | -30.8% | ||
| Q1 25 | 9.3% | -2.0% | ||
| Q4 24 | 9.8% | 34.5% | ||
| Q3 24 | 10.4% | 42.5% | ||
| Q2 24 | 8.7% | 43.8% | ||
| Q1 24 | 8.5% | 42.0% |
| Q4 25 | 2.7% | -20.3% | ||
| Q3 25 | -6.8% | -0.9% | ||
| Q2 25 | 7.5% | -27.2% | ||
| Q1 25 | -0.2% | -11.8% | ||
| Q4 24 | 5.5% | 20.8% | ||
| Q3 24 | 7.5% | 30.4% | ||
| Q2 24 | 18.6% | 27.2% | ||
| Q1 24 | 4.4% | 28.2% |
| Q4 25 | $0.63 | $-0.14 | ||
| Q3 25 | $-1.63 | $-0.01 | ||
| Q2 25 | $1.80 | $-0.15 | ||
| Q1 25 | $-0.05 | $-0.07 | ||
| Q4 24 | $1.22 | $0.12 | ||
| Q3 24 | $1.48 | $0.20 | ||
| Q2 24 | $3.47 | $0.18 | ||
| Q1 24 | $0.79 | $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 | $1.9B | $8.3M |
| Total DebtLower is stronger | $7.5B | $1.7M |
| Stockholders' EquityBook value | $9.2B | $389.3M |
| Total Assets | $23.4B | $530.2M |
| Debt / EquityLower = less leverage | 0.81× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $8.3M | ||
| Q3 25 | $1.6B | $30.4M | ||
| Q2 25 | $1.4B | $19.2M | ||
| Q1 25 | $1.1B | $34.5M | ||
| Q4 24 | $1.6B | $190.7M | ||
| Q3 24 | $1.8B | $177.7M | ||
| Q2 24 | $2.2B | $154.3M | ||
| Q1 24 | $941.0M | $124.3M |
| Q4 25 | $7.5B | $1.7M | ||
| Q3 25 | $7.6B | $2.0M | ||
| Q2 25 | $7.8B | $26.3M | ||
| Q1 25 | $7.6B | $42.9M | ||
| Q4 24 | $7.8B | $1.5M | ||
| Q3 24 | $8.3B | $994.0K | ||
| Q2 24 | $5.5B | $1.1M | ||
| Q1 24 | $4.7B | $179.9M |
| Q4 25 | $9.2B | $389.3M | ||
| Q3 25 | $9.3B | $402.4M | ||
| Q2 25 | $9.7B | $401.3M | ||
| Q1 25 | $9.0B | $415.3M | ||
| Q4 24 | $8.8B | $421.1M | ||
| Q3 24 | $8.9B | $417.6M | ||
| Q2 24 | $11.5B | $397.2M | ||
| Q1 24 | $11.1B | $375.5M |
| Q4 25 | $23.4B | $530.2M | ||
| Q3 25 | $23.5B | $541.2M | ||
| Q2 25 | $23.9B | $533.7M | ||
| Q1 25 | $23.1B | $562.5M | ||
| Q4 24 | $23.5B | $725.8M | ||
| Q3 24 | $24.8B | $709.8M | ||
| Q2 24 | $24.8B | $697.0M | ||
| Q1 24 | $23.6B | $687.2M |
| Q4 25 | 0.81× | 0.00× | ||
| Q3 25 | 0.82× | 0.01× | ||
| Q2 25 | 0.80× | 0.07× | ||
| Q1 25 | 0.85× | 0.10× | ||
| Q4 24 | 0.89× | 0.00× | ||
| Q3 24 | 0.93× | 0.00× | ||
| Q2 24 | 0.48× | 0.00× | ||
| Q1 24 | 0.42× | 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 | $818.0M | $5.7M |
| Free Cash FlowOCF − Capex | $651.0M | — |
| FCF MarginFCF / Revenue | 12.6% | — |
| Capex IntensityCapex / Revenue | 3.2% | — |
| Cash ConversionOCF / Net Profit | 5.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $818.0M | $5.7M | ||
| Q3 25 | $584.0M | $53.4M | ||
| Q2 25 | $510.0M | $11.1M | ||
| Q1 25 | $273.0M | $3.9M | ||
| Q4 24 | $1.1B | $30.6M | ||
| Q3 24 | $499.0M | $31.4M | ||
| Q2 24 | $643.0M | $39.1M | ||
| Q1 24 | $244.0M | $50.6M |
| Q4 25 | $651.0M | — | ||
| Q3 25 | $441.0M | — | ||
| Q2 25 | $361.0M | — | ||
| Q1 25 | $76.0M | $-11.6M | ||
| Q4 24 | $894.0M | — | ||
| Q3 24 | $326.0M | — | ||
| Q2 24 | $417.0M | — | ||
| Q1 24 | $-21.0M | — |
| Q4 25 | 12.6% | — | ||
| Q3 25 | 8.5% | — | ||
| Q2 25 | 6.9% | — | ||
| Q1 25 | 1.6% | -21.1% | ||
| Q4 24 | 18.2% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 8.3% | — | ||
| Q1 24 | -0.4% | — |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 4.1% | 28.2% | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 4.5% | — | ||
| Q1 24 | 5.4% | — |
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.96× | 2.44× | ||
| Q3 24 | 1.37× | 1.57× | ||
| Q2 24 | 0.69× | 2.13× | ||
| Q1 24 | 1.12× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
