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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Burke & Herbert Financial Services Corp. is the larger business by last-quarter revenue ($86.5M vs $73.5M, roughly 1.2× Target Hospitality Corp.). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs -20.3%, a 55.3% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 4.9%). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs 0.7%).
Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.
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.
BHRB vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.5M | $73.5M |
| Net Profit | $30.2M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 43.8% | -22.9% |
| Net Margin | 34.9% | -20.3% |
| Revenue YoY | 4.9% | 22.0% |
| Net Profit YoY | 52.8% | -219.1% |
| EPS (diluted) | $1.98 | $-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 | $86.5M | $73.5M | ||
| Q3 25 | $85.4M | $91.6M | ||
| Q2 25 | $87.1M | $54.9M | ||
| Q1 25 | $83.0M | $54.9M | ||
| Q4 24 | $82.5M | $60.2M | ||
| Q3 24 | $83.8M | $65.8M | ||
| Q2 24 | $69.3M | $67.5M | ||
| Q1 24 | $26.4M | $72.4M |
| Q4 25 | $30.2M | $-14.9M | ||
| Q3 25 | $30.0M | $-795.0K | ||
| Q2 25 | $29.9M | $-14.9M | ||
| Q1 25 | $27.2M | $-6.5M | ||
| Q4 24 | $19.8M | $12.5M | ||
| Q3 24 | $27.6M | $20.0M | ||
| Q2 24 | $-16.9M | $18.4M | ||
| Q1 24 | $5.2M | $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 | 43.8% | -22.9% | ||
| Q3 25 | 43.3% | 0.1% | ||
| Q2 25 | 42.7% | -30.8% | ||
| Q1 25 | 39.6% | -2.0% | ||
| Q4 24 | 24.6% | 34.5% | ||
| Q3 24 | 39.2% | 42.5% | ||
| Q2 24 | -27.5% | 43.8% | ||
| Q1 24 | 22.3% | 42.0% |
| Q4 25 | 34.9% | -20.3% | ||
| Q3 25 | 35.1% | -0.9% | ||
| Q2 25 | 34.3% | -27.2% | ||
| Q1 25 | 32.8% | -11.8% | ||
| Q4 24 | 24.0% | 20.8% | ||
| Q3 24 | 33.0% | 30.4% | ||
| Q2 24 | -24.4% | 27.2% | ||
| Q1 24 | 19.8% | 28.2% |
| Q4 25 | $1.98 | $-0.14 | ||
| Q3 25 | $1.97 | $-0.01 | ||
| Q2 25 | $1.97 | $-0.15 | ||
| Q1 25 | $1.80 | $-0.07 | ||
| Q4 24 | $1.72 | $0.12 | ||
| Q3 24 | $1.82 | $0.20 | ||
| Q2 24 | $-1.41 | $0.18 | ||
| Q1 24 | $0.69 | $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 | — | $1.7M |
| Stockholders' EquityBook value | $854.6M | $389.3M |
| Total Assets | $7.9B | $530.2M |
| Debt / EquityLower = less leverage | — | 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 | — | $177.7M | ||
| Q2 24 | — | $154.3M | ||
| Q1 24 | — | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $854.6M | $389.3M | ||
| Q3 25 | $822.2M | $402.4M | ||
| Q2 25 | $780.0M | $401.3M | ||
| Q1 25 | $758.0M | $415.3M | ||
| Q4 24 | $730.2M | $421.1M | ||
| Q3 24 | $738.1M | $417.6M | ||
| Q2 24 | $693.1M | $397.2M | ||
| Q1 24 | $319.3M | $375.5M |
| Q4 25 | $7.9B | $530.2M | ||
| Q3 25 | $7.9B | $541.2M | ||
| Q2 25 | $8.1B | $533.7M | ||
| Q1 25 | $7.8B | $562.5M | ||
| Q4 24 | $7.8B | $725.8M | ||
| Q3 24 | $7.9B | $709.8M | ||
| Q2 24 | $7.8B | $697.0M | ||
| Q1 24 | $3.7B | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 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 | $107.9M | $5.7M |
| Free Cash FlowOCF − Capex | $96.2M | — |
| FCF MarginFCF / Revenue | 111.2% | — |
| Capex IntensityCapex / Revenue | 13.5% | — |
| Cash ConversionOCF / Net Profit | 3.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | $164.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.9M | $5.7M | ||
| Q3 25 | $39.3M | $53.4M | ||
| Q2 25 | $41.0K | $11.1M | ||
| Q1 25 | $37.6M | $3.9M | ||
| Q4 24 | $85.8M | $30.6M | ||
| Q3 24 | $47.8M | $31.4M | ||
| Q2 24 | $-46.0M | $39.1M | ||
| Q1 24 | $7.1M | $50.6M |
| Q4 25 | $96.2M | — | ||
| Q3 25 | $35.4M | — | ||
| Q2 25 | $-3.4M | — | ||
| Q1 25 | $35.9M | $-11.6M | ||
| Q4 24 | $81.2M | — | ||
| Q3 24 | $46.0M | — | ||
| Q2 24 | $-47.0M | — | ||
| Q1 24 | $5.6M | — |
| Q4 25 | 111.2% | — | ||
| Q3 25 | 41.5% | — | ||
| Q2 25 | -3.9% | — | ||
| Q1 25 | 43.2% | -21.1% | ||
| Q4 24 | 98.5% | — | ||
| Q3 24 | 55.0% | — | ||
| Q2 24 | -67.8% | — | ||
| Q1 24 | 21.2% | — |
| Q4 25 | 13.5% | — | ||
| Q3 25 | 4.5% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 2.1% | 28.2% | ||
| Q4 24 | 5.5% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 1.5% | — | ||
| Q1 24 | 5.7% | — |
| Q4 25 | 3.57× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 4.33× | 2.44× | ||
| Q3 24 | 1.73× | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | 1.36× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BHRB
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
