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Side-by-side financial comparison of CAMDEN NATIONAL CORP (CAC) 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 $64.3M, roughly 1.1× CAMDEN NATIONAL CORP). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs -20.3%, a 54.4% gap on every dollar of revenue. Over the past eight quarters, CAMDEN NATIONAL CORP's revenue compounded faster (22.6% CAGR vs 0.7%).
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
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.
CAC vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.3M | $73.5M |
| Net Profit | $21.9M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | 34.0% | -20.3% |
| Revenue YoY | — | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $1.29 | $-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 | $64.3M | — | ||
| Q4 25 | $68.1M | $73.5M | ||
| Q3 25 | $65.4M | $91.6M | ||
| Q2 25 | $62.3M | $54.9M | ||
| Q1 25 | $60.1M | $54.9M | ||
| Q4 24 | $47.6M | $60.2M | ||
| Q3 24 | $45.0M | $65.8M | ||
| Q2 24 | $42.8M | $67.5M |
| Q1 26 | $21.9M | — | ||
| Q4 25 | $22.6M | $-14.9M | ||
| Q3 25 | $21.2M | $-795.0K | ||
| Q2 25 | $14.1M | $-14.9M | ||
| Q1 25 | $7.3M | $-6.5M | ||
| Q4 24 | $14.7M | $12.5M | ||
| Q3 24 | $13.1M | $20.0M | ||
| Q2 24 | $12.0M | $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 | 41.5% | -22.9% | ||
| Q3 25 | 40.5% | 0.1% | ||
| Q2 25 | 28.5% | -30.8% | ||
| Q1 25 | 10.3% | -2.0% | ||
| Q4 24 | 38.7% | 34.5% | ||
| Q3 24 | 35.2% | 42.5% | ||
| Q2 24 | 34.7% | 43.8% |
| Q1 26 | 34.0% | — | ||
| Q4 25 | 33.1% | -20.3% | ||
| Q3 25 | 32.4% | -0.9% | ||
| Q2 25 | 22.6% | -27.2% | ||
| Q1 25 | 12.2% | -11.8% | ||
| Q4 24 | 30.8% | 20.8% | ||
| Q3 24 | 29.1% | 30.4% | ||
| Q2 24 | 28.0% | 27.2% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.33 | $-0.14 | ||
| Q3 25 | $1.25 | $-0.01 | ||
| Q2 25 | $0.83 | $-0.15 | ||
| Q1 25 | $0.43 | $-0.07 | ||
| Q4 24 | $1.00 | $0.12 | ||
| Q3 24 | $0.90 | $0.20 | ||
| Q2 24 | $0.81 | $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 | — | $8.3M |
| Total DebtLower is stronger | $514.4M | $1.7M |
| Stockholders' EquityBook value | $710.0M | $389.3M |
| Total Assets | $7.0B | $530.2M |
| Debt / EquityLower = less leverage | 0.72× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | $514.4M | — | ||
| 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 | $710.0M | — | ||
| Q4 25 | $696.6M | $389.3M | ||
| Q3 25 | $676.4M | $402.4M | ||
| Q2 25 | $652.1M | $401.3M | ||
| Q1 25 | $640.1M | $415.3M | ||
| Q4 24 | $531.2M | $421.1M | ||
| Q3 24 | $529.9M | $417.6M | ||
| Q2 24 | $508.3M | $397.2M |
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $530.2M | ||
| Q3 25 | $7.0B | $541.2M | ||
| Q2 25 | $6.9B | $533.7M | ||
| Q1 25 | $7.0B | $562.5M | ||
| Q4 24 | $5.8B | $725.8M | ||
| Q3 24 | $5.7B | $709.8M | ||
| Q2 24 | $5.7B | $697.0M |
| Q1 26 | 0.72× | — | ||
| 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 | $63.9M | $5.7M | ||
| Q3 25 | $36.1M | $53.4M | ||
| Q2 25 | $6.0M | $11.1M | ||
| Q1 25 | $1.0M | $3.9M | ||
| Q4 24 | $60.9M | $30.6M | ||
| Q3 24 | $-14.5M | $31.4M | ||
| Q2 24 | $14.5M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | $58.2M | — | ||
| Q3 25 | $35.4M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $-727.0K | $-11.6M | ||
| Q4 24 | $55.4M | — | ||
| Q3 24 | $-16.2M | — | ||
| Q2 24 | $13.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | 85.5% | — | ||
| Q3 25 | 54.1% | — | ||
| Q2 25 | 7.3% | — | ||
| Q1 25 | -1.2% | -21.1% | ||
| Q4 24 | 116.4% | — | ||
| Q3 24 | -36.0% | — | ||
| Q2 24 | 30.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.9% | 28.2% | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 3.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.83× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.15× | 2.44× | ||
| Q3 24 | -1.11× | 1.57× | ||
| Q2 24 | 1.21× | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
