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Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
BYLINE BANCORP, INC. is the larger business by last-quarter revenue ($112.4M vs $73.5M, roughly 1.5× Target Hospitality Corp.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs -20.3%, a 53.8% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 9.0%). Over the past eight quarters, BYLINE BANCORP, INC.'s revenue compounded faster (6.4% CAGR vs 0.7%).
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
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.
BY vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.4M | $73.5M |
| Net Profit | $37.6M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | 33.4% | -20.3% |
| Revenue YoY | 9.0% | 22.0% |
| Net Profit YoY | 33.0% | -219.1% |
| EPS (diluted) | $0.83 | $-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.
| Q1 26 | $112.4M | — | ||
| Q4 25 | $117.0M | $73.5M | ||
| Q3 25 | $115.7M | $91.6M | ||
| Q2 25 | $110.5M | $54.9M | ||
| Q1 25 | $103.1M | $54.9M | ||
| Q4 24 | $104.7M | $60.2M | ||
| Q3 24 | $101.8M | $65.8M | ||
| Q2 24 | $99.4M | $67.5M |
| Q1 26 | $37.6M | — | ||
| Q4 25 | $34.5M | $-14.9M | ||
| Q3 25 | $37.2M | $-795.0K | ||
| Q2 25 | $30.1M | $-14.9M | ||
| Q1 25 | $28.2M | $-6.5M | ||
| Q4 24 | $30.3M | $12.5M | ||
| Q3 24 | $30.3M | $20.0M | ||
| Q2 24 | $29.7M | $18.4M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 40.1% | -22.9% | ||
| Q3 25 | 43.1% | 0.1% | ||
| Q2 25 | 35.2% | -30.8% | ||
| Q1 25 | 36.4% | -2.0% | ||
| Q4 24 | 38.6% | 34.5% | ||
| Q3 24 | 39.3% | 42.5% | ||
| Q2 24 | 40.4% | 43.8% |
| Q1 26 | 33.4% | — | ||
| Q4 25 | 34.1% | -20.3% | ||
| Q3 25 | 32.1% | -0.9% | ||
| Q2 25 | 27.2% | -27.2% | ||
| Q1 25 | 27.4% | -11.8% | ||
| Q4 24 | 34.3% | 20.8% | ||
| Q3 24 | 29.8% | 30.4% | ||
| Q2 24 | 29.9% | 27.2% |
| Q1 26 | $0.83 | — | ||
| Q4 25 | $0.77 | $-0.14 | ||
| Q3 25 | $0.82 | $-0.01 | ||
| Q2 25 | $0.66 | $-0.15 | ||
| Q1 25 | $0.64 | $-0.07 | ||
| Q4 24 | $0.68 | $0.12 | ||
| Q3 24 | $0.69 | $0.20 | ||
| Q2 24 | $0.68 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $198.4M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $1.3B | $389.3M |
| Total Assets | $9.9B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $198.4M | — | ||
| Q4 25 | $149.1M | $8.3M | ||
| Q3 25 | $259.0M | $30.4M | ||
| Q2 25 | $218.3M | $19.2M | ||
| Q1 25 | $421.3M | $34.5M | ||
| Q4 24 | $563.1M | $190.7M | ||
| Q3 24 | $452.6M | $177.7M | ||
| Q2 24 | $730.5M | $154.3M |
| Q1 26 | — | — | ||
| 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 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $389.3M | ||
| Q3 25 | $1.2B | $402.4M | ||
| Q2 25 | $1.2B | $401.3M | ||
| Q1 25 | $1.1B | $415.3M | ||
| Q4 24 | $1.1B | $421.1M | ||
| Q3 24 | $1.1B | $417.6M | ||
| Q2 24 | $1.0B | $397.2M |
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.7B | $530.2M | ||
| Q3 25 | $9.8B | $541.2M | ||
| Q2 25 | $9.7B | $533.7M | ||
| Q1 25 | $9.6B | $562.5M | ||
| Q4 24 | $9.5B | $725.8M | ||
| Q3 24 | $9.4B | $709.8M | ||
| Q2 24 | $9.6B | $697.0M |
| Q1 26 | — | — | ||
| 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× |
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 | — | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $140.3M | $5.7M | ||
| Q3 25 | $38.3M | $53.4M | ||
| Q2 25 | $16.3M | $11.1M | ||
| Q1 25 | $27.1M | $3.9M | ||
| Q4 24 | $175.2M | $30.6M | ||
| Q3 24 | $19.8M | $31.4M | ||
| Q2 24 | $40.1M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | $136.3M | — | ||
| Q3 25 | $38.0M | — | ||
| Q2 25 | $15.2M | — | ||
| Q1 25 | $25.0M | $-11.6M | ||
| Q4 24 | $171.2M | — | ||
| Q3 24 | $19.1M | — | ||
| Q2 24 | $39.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 116.5% | — | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 13.7% | — | ||
| Q1 25 | 24.3% | -21.1% | ||
| Q4 24 | 163.5% | — | ||
| Q3 24 | 18.8% | — | ||
| Q2 24 | 39.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 2.0% | 28.2% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.06× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.96× | — | ||
| Q4 24 | 5.78× | 2.44× | ||
| Q3 24 | 0.65× | 1.57× | ||
| Q2 24 | 1.35× | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BY
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
