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Side-by-side financial comparison of BrightSpire Capital, Inc. (BRSP) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
BrightSpire Capital, Inc. is the larger business by last-quarter revenue ($83.2M vs $73.5M, roughly 1.1× Target Hospitality Corp.). BrightSpire Capital, Inc. runs the higher net margin — -17.3% vs -20.3%, a 3.1% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -0.4%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -6.8%).
Oakley Capital Investments, is a large British investment trust focused on investments in mid-market companies in the business services, consumer, education and technology sectors. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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.
BRSP vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $83.2M | $73.5M |
| Net Profit | $-14.4M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | -17.3% | -20.3% |
| Revenue YoY | -0.4% | 22.0% |
| Net Profit YoY | 27.3% | -219.1% |
| EPS (diluted) | $-0.11 | $-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 | $83.2M | $73.5M | ||
| Q3 25 | $83.9M | $91.6M | ||
| Q2 25 | $85.9M | $54.9M | ||
| Q1 25 | $77.6M | $54.9M | ||
| Q4 24 | $83.5M | $60.2M | ||
| Q3 24 | $88.2M | $65.8M | ||
| Q2 24 | $91.4M | $67.5M | ||
| Q1 24 | $95.8M | $72.4M |
| Q4 25 | $-14.4M | $-14.9M | ||
| Q3 25 | $984.0K | $-795.0K | ||
| Q2 25 | $-23.1M | $-14.9M | ||
| Q1 25 | $5.3M | $-6.5M | ||
| Q4 24 | $-19.7M | $12.5M | ||
| Q3 24 | $12.7M | $20.0M | ||
| Q2 24 | $-67.9M | $18.4M | ||
| Q1 24 | $-57.1M | $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 | — | -22.9% | ||
| Q3 25 | -1.7% | 0.1% | ||
| Q2 25 | -54.5% | -30.8% | ||
| Q1 25 | 5.1% | -2.0% | ||
| Q4 24 | -24.9% | 34.5% | ||
| Q3 24 | 13.2% | 42.5% | ||
| Q2 24 | -74.9% | 43.8% | ||
| Q1 24 | -59.4% | 42.0% |
| Q4 25 | -17.3% | -20.3% | ||
| Q3 25 | 1.2% | -0.9% | ||
| Q2 25 | -26.9% | -27.2% | ||
| Q1 25 | 6.9% | -11.8% | ||
| Q4 24 | -23.7% | 20.8% | ||
| Q3 24 | 14.4% | 30.4% | ||
| Q2 24 | -74.2% | 27.2% | ||
| Q1 24 | -59.6% | 28.2% |
| Q4 25 | $-0.11 | $-0.14 | ||
| Q3 25 | $0.00 | $-0.01 | ||
| Q2 25 | $-0.19 | $-0.15 | ||
| Q1 25 | $0.04 | $-0.07 | ||
| Q4 24 | $-0.16 | $0.12 | ||
| Q3 24 | $0.09 | $0.20 | ||
| Q2 24 | $-0.53 | $0.18 | ||
| Q1 24 | $-0.45 | $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 | $66.8M | $8.3M |
| Total DebtLower is stronger | $2.5B | $1.7M |
| Stockholders' EquityBook value | $938.4M | $389.3M |
| Total Assets | $3.6B | $530.2M |
| Debt / EquityLower = less leverage | 2.63× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.8M | $8.3M | ||
| Q3 25 | $113.4M | $30.4M | ||
| Q2 25 | $154.3M | $19.2M | ||
| Q1 25 | $200.9M | $34.5M | ||
| Q4 24 | $302.2M | $190.7M | ||
| Q3 24 | $263.8M | $177.7M | ||
| Q2 24 | $203.3M | $154.3M | ||
| Q1 24 | $221.5M | $124.3M |
| Q4 25 | $2.5B | $1.7M | ||
| Q3 25 | $2.2B | $2.0M | ||
| Q2 25 | $2.3B | $26.3M | ||
| Q1 25 | $2.3B | $42.9M | ||
| Q4 24 | $2.5B | $1.5M | ||
| Q3 24 | $2.6B | $994.0K | ||
| Q2 24 | $2.5B | $1.1M | ||
| Q1 24 | $2.6B | $179.9M |
| Q4 25 | $938.4M | $389.3M | ||
| Q3 25 | $976.4M | $402.4M | ||
| Q2 25 | $994.4M | $401.3M | ||
| Q1 25 | $1.0B | $415.3M | ||
| Q4 24 | $1.0B | $421.1M | ||
| Q3 24 | $1.1B | $417.6M | ||
| Q2 24 | $1.1B | $397.2M | ||
| Q1 24 | $1.2B | $375.5M |
| Q4 25 | $3.6B | $530.2M | ||
| Q3 25 | $3.3B | $541.2M | ||
| Q2 25 | $3.4B | $533.7M | ||
| Q1 25 | $3.6B | $562.5M | ||
| Q4 24 | $3.7B | $725.8M | ||
| Q3 24 | $3.8B | $709.8M | ||
| Q2 24 | $3.8B | $697.0M | ||
| Q1 24 | $3.9B | $687.2M |
| Q4 25 | 2.63× | 0.00× | ||
| Q3 25 | 2.22× | 0.01× | ||
| Q2 25 | 2.27× | 0.07× | ||
| Q1 25 | 2.27× | 0.10× | ||
| Q4 24 | 2.38× | 0.00× | ||
| Q3 24 | 2.36× | 0.00× | ||
| Q2 24 | 2.28× | 0.00× | ||
| Q1 24 | 2.17× | 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 | $73.0M | $5.7M |
| Free Cash FlowOCF − Capex | $55.1M | — |
| FCF MarginFCF / Revenue | 66.2% | — |
| Capex IntensityCapex / Revenue | 21.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $73.0M | $5.7M | ||
| Q3 25 | $29.9M | $53.4M | ||
| Q2 25 | $17.4M | $11.1M | ||
| Q1 25 | $10.5M | $3.9M | ||
| Q4 24 | $103.4M | $30.6M | ||
| Q3 24 | $31.3M | $31.4M | ||
| Q2 24 | $22.9M | $39.1M | ||
| Q1 24 | $24.6M | $50.6M |
| Q4 25 | $55.1M | — | ||
| Q3 25 | $27.4M | — | ||
| Q2 25 | $11.6M | — | ||
| Q1 25 | $8.0M | $-11.6M | ||
| Q4 24 | $97.3M | — | ||
| Q3 24 | $28.3M | — | ||
| Q2 24 | $22.7M | — | ||
| Q1 24 | $22.2M | — |
| Q4 25 | 66.2% | — | ||
| Q3 25 | 32.7% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 10.3% | -21.1% | ||
| Q4 24 | 116.6% | — | ||
| Q3 24 | 32.1% | — | ||
| Q2 24 | 24.9% | — | ||
| Q1 24 | 23.2% | — |
| Q4 25 | 21.6% | — | ||
| Q3 25 | 2.9% | — | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 3.2% | 28.2% | ||
| Q4 24 | 7.3% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 2.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | 30.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 2.46× | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRSP
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
