vs
Side-by-side financial comparison of BEYOND MEAT, INC. (BYND) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $61.6M, roughly 1.2× BEYOND MEAT, INC.). On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -19.7%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -9.7%).
Beyond Meat, Inc., branded as Beyond, is a producer of plant-based meat alternatives founded in 2009 by Ethan Brown. The company's products were first launched in the United States in 2012.
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.
BYND vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.6M | $73.5M |
| Net Profit | — | $-14.9M |
| Gross Margin | -11.5% | 9.6% |
| Operating Margin | -211.4% | -22.9% |
| Net Margin | — | -20.3% |
| Revenue YoY | -19.7% | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $0.68 | $-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 | $61.6M | $73.5M | ||
| Q3 25 | $70.2M | $91.6M | ||
| Q2 25 | $75.0M | $54.9M | ||
| Q1 25 | $68.7M | $54.9M | ||
| Q4 24 | $76.7M | $60.2M | ||
| Q3 24 | $81.0M | $65.8M | ||
| Q2 24 | $93.2M | $67.5M | ||
| Q1 24 | $75.6M | $72.4M |
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $-110.7M | $-795.0K | ||
| Q2 25 | $-29.2M | $-14.9M | ||
| Q1 25 | $-52.9M | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $-26.6M | $20.0M | ||
| Q2 24 | $-34.5M | $18.4M | ||
| Q1 24 | $-54.4M | $20.4M |
| Q4 25 | -11.5% | 9.6% | ||
| Q3 25 | 10.3% | 19.6% | ||
| Q2 25 | 11.5% | -0.6% | ||
| Q1 25 | -1.5% | 32.7% | ||
| Q4 24 | 13.1% | 61.5% | ||
| Q3 24 | 17.7% | 68.7% | ||
| Q2 24 | 14.7% | 69.4% | ||
| Q1 24 | 4.9% | 67.8% |
| Q4 25 | -211.4% | -22.9% | ||
| Q3 25 | -160.0% | 0.1% | ||
| Q2 25 | -46.6% | -30.8% | ||
| Q1 25 | -81.8% | -2.0% | ||
| Q4 24 | -49.3% | 34.5% | ||
| Q3 24 | -38.2% | 42.5% | ||
| Q2 24 | -36.4% | 43.8% | ||
| Q1 24 | -70.7% | 42.0% |
| Q4 25 | — | -20.3% | ||
| Q3 25 | -157.6% | -0.9% | ||
| Q2 25 | -39.0% | -27.2% | ||
| Q1 25 | -77.0% | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | -32.8% | 30.4% | ||
| Q2 24 | -37.0% | 27.2% | ||
| Q1 24 | -71.9% | 28.2% |
| Q4 25 | $0.68 | $-0.14 | ||
| Q3 25 | $-1.44 | $-0.01 | ||
| Q2 25 | $-0.38 | $-0.15 | ||
| Q1 25 | $-0.69 | $-0.07 | ||
| Q4 24 | $-0.65 | $0.12 | ||
| Q3 24 | $-0.41 | $0.20 | ||
| Q2 24 | $-0.53 | $0.18 | ||
| Q1 24 | $-0.84 | $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 | $203.9M | $8.3M |
| Total DebtLower is stronger | $415.7M | $1.7M |
| Stockholders' EquityBook value | $-997.0K | $389.3M |
| Total Assets | $614.7M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $203.9M | $8.3M | ||
| Q3 25 | $117.3M | $30.4M | ||
| Q2 25 | $103.5M | $19.2M | ||
| Q1 25 | $102.1M | $34.5M | ||
| Q4 24 | $131.9M | $190.7M | ||
| Q3 24 | $121.7M | $177.7M | ||
| Q2 24 | $144.9M | $154.3M | ||
| Q1 24 | $157.9M | $124.3M |
| Q4 25 | $415.7M | $1.7M | ||
| Q3 25 | $1.2B | $2.0M | ||
| Q2 25 | $1.2B | $26.3M | ||
| Q1 25 | $1.1B | $42.9M | ||
| Q4 24 | $1.1B | $1.5M | ||
| Q3 24 | $1.1B | $994.0K | ||
| Q2 24 | $1.1B | $1.1M | ||
| Q1 24 | $1.1B | $179.9M |
| Q4 25 | $-997.0K | $389.3M | ||
| Q3 25 | $-784.1M | $402.4M | ||
| Q2 25 | $-677.0M | $401.3M | ||
| Q1 25 | $-649.5M | $415.3M | ||
| Q4 24 | $-601.2M | $421.1M | ||
| Q3 24 | $-611.9M | $417.6M | ||
| Q2 24 | $-590.0M | $397.2M | ||
| Q1 24 | $-561.4M | $375.5M |
| Q4 25 | $614.7M | $530.2M | ||
| Q3 25 | $599.7M | $541.2M | ||
| Q2 25 | $691.7M | $533.7M | ||
| Q1 25 | $643.8M | $562.5M | ||
| Q4 24 | $678.1M | $725.8M | ||
| Q3 24 | $692.9M | $709.8M | ||
| Q2 24 | $711.2M | $697.0M | ||
| Q1 24 | $735.0M | $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 | $-46.8M | $5.7M |
| Free Cash FlowOCF − Capex | $-49.8M | — |
| FCF MarginFCF / Revenue | -80.8% | — |
| Capex IntensityCapex / Revenue | 4.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-157.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.8M | $5.7M | ||
| Q3 25 | $-38.8M | $53.4M | ||
| Q2 25 | $-33.2M | $11.1M | ||
| Q1 25 | $-26.1M | $3.9M | ||
| Q4 24 | $-29.0M | $30.6M | ||
| Q3 24 | $-22.0M | $31.4M | ||
| Q2 24 | $-16.0M | $39.1M | ||
| Q1 24 | $-31.8M | $50.6M |
| Q4 25 | $-49.8M | — | ||
| Q3 25 | $-41.7M | — | ||
| Q2 25 | $-35.1M | — | ||
| Q1 25 | $-30.6M | $-11.6M | ||
| Q4 24 | $-35.4M | — | ||
| Q3 24 | $-24.1M | — | ||
| Q2 24 | $-17.3M | — | ||
| Q1 24 | $-33.0M | — |
| Q4 25 | -80.8% | — | ||
| Q3 25 | -59.4% | — | ||
| Q2 25 | -46.9% | — | ||
| Q1 25 | -44.6% | -21.1% | ||
| Q4 24 | -46.2% | — | ||
| Q3 24 | -29.7% | — | ||
| Q2 24 | -18.6% | — | ||
| Q1 24 | -43.7% | — |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.1% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 6.5% | 28.2% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.6% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 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
BYND
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
