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Side-by-side financial comparison of CareTrust REIT, Inc. (CTRE) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
CareTrust REIT, Inc. is the larger business by last-quarter revenue ($134.9M vs $73.5M, roughly 1.8× Target Hospitality Corp.). CareTrust REIT, Inc. runs the higher net margin — 82.5% vs -20.3%, a 102.9% gap on every dollar of revenue. On growth, CareTrust REIT, Inc. posted the faster year-over-year revenue change (55.1% vs 22.0%). Over the past eight quarters, CareTrust REIT, Inc.'s revenue compounded faster (46.2% CAGR vs 0.7%).
CareTrust REIT, Inc.CTREEarnings & Financial Report
Target Healthcare REIT is a British property investment company which invests in healthcare properties and holds a large portfolio of care homes. It is structured as a real estate investment trust (REIT) and 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.
CTRE vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.9M | $73.5M |
| Net Profit | $111.3M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | 82.5% | -20.3% |
| Revenue YoY | 55.1% | 22.0% |
| Net Profit YoY | 113.5% | -219.1% |
| EPS (diluted) | $0.52 | $-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 | $134.9M | $73.5M | ||
| Q3 25 | $132.4M | $91.6M | ||
| Q2 25 | $112.5M | $54.9M | ||
| Q1 25 | $96.6M | $54.9M | ||
| Q4 24 | $86.9M | $60.2M | ||
| Q3 24 | $77.4M | $65.8M | ||
| Q2 24 | $68.9M | $67.5M | ||
| Q1 24 | $63.1M | $72.4M |
| Q4 25 | $111.3M | $-14.9M | ||
| Q3 25 | $74.9M | $-795.0K | ||
| Q2 25 | $68.5M | $-14.9M | ||
| Q1 25 | $65.8M | $-6.5M | ||
| Q4 24 | $52.1M | $12.5M | ||
| Q3 24 | $33.4M | $20.0M | ||
| Q2 24 | $10.8M | $18.4M | ||
| Q1 24 | $28.7M | $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 | 58.1% | 0.1% | ||
| Q2 25 | 61.3% | -30.8% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | 34.5% | ||
| Q3 24 | 43.0% | 42.5% | ||
| Q2 24 | 15.1% | 43.8% | ||
| Q1 24 | — | 42.0% |
| Q4 25 | 82.5% | -20.3% | ||
| Q3 25 | 56.6% | -0.9% | ||
| Q2 25 | 60.9% | -27.2% | ||
| Q1 25 | 68.1% | -11.8% | ||
| Q4 24 | 60.0% | 20.8% | ||
| Q3 24 | 43.2% | 30.4% | ||
| Q2 24 | 15.6% | 27.2% | ||
| Q1 24 | 45.6% | 28.2% |
| Q4 25 | $0.52 | $-0.14 | ||
| Q3 25 | $0.35 | $-0.01 | ||
| Q2 25 | $0.35 | $-0.15 | ||
| Q1 25 | $0.35 | $-0.07 | ||
| Q4 24 | $0.30 | $0.12 | ||
| Q3 24 | $0.21 | $0.20 | ||
| Q2 24 | $0.07 | $0.18 | ||
| Q1 24 | $0.22 | $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 | $198.0M | $8.3M |
| Total DebtLower is stronger | $894.2M | $1.7M |
| Stockholders' EquityBook value | $4.0B | $389.3M |
| Total Assets | $5.1B | $530.2M |
| Debt / EquityLower = less leverage | 0.22× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $198.0M | $8.3M | ||
| Q3 25 | $712.5M | $30.4M | ||
| Q2 25 | $306.1M | $19.2M | ||
| Q1 25 | $26.5M | $34.5M | ||
| Q4 24 | $213.8M | $190.7M | ||
| Q3 24 | $377.1M | $177.7M | ||
| Q2 24 | $495.1M | $154.3M | ||
| Q1 24 | $451.2M | $124.3M |
| Q4 25 | $894.2M | $1.7M | ||
| Q3 25 | $893.8M | $2.0M | ||
| Q2 25 | $1.2B | $26.3M | ||
| Q1 25 | $822.1M | $42.9M | ||
| Q4 24 | $396.9M | $1.5M | ||
| Q3 24 | $396.7M | $994.0K | ||
| Q2 24 | $671.1M | $1.1M | ||
| Q1 24 | $595.9M | $179.9M |
| Q4 25 | $4.0B | $389.3M | ||
| Q3 25 | $4.0B | $402.4M | ||
| Q2 25 | $3.3B | $401.3M | ||
| Q1 25 | $2.9B | $415.3M | ||
| Q4 24 | $2.9B | $421.1M | ||
| Q3 24 | $2.4B | $417.6M | ||
| Q2 24 | $1.9B | $397.2M | ||
| Q1 24 | $1.7B | $375.5M |
| Q4 25 | $5.1B | $530.2M | ||
| Q3 25 | $5.1B | $541.2M | ||
| Q2 25 | $4.7B | $533.7M | ||
| Q1 25 | $3.9B | $562.5M | ||
| Q4 24 | $3.4B | $725.8M | ||
| Q3 24 | $2.9B | $709.8M | ||
| Q2 24 | $2.7B | $697.0M | ||
| Q1 24 | $2.3B | $687.2M |
| Q4 25 | 0.22× | 0.00× | ||
| Q3 25 | 0.22× | 0.01× | ||
| Q2 25 | 0.35× | 0.07× | ||
| Q1 25 | 0.28× | 0.10× | ||
| Q4 24 | 0.14× | 0.00× | ||
| Q3 24 | 0.16× | 0.00× | ||
| Q2 24 | 0.35× | 0.00× | ||
| Q1 24 | 0.36× | 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 | $394.0M | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.54× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $394.0M | $5.7M | ||
| Q3 25 | $100.9M | $53.4M | ||
| Q2 25 | $100.8M | $11.1M | ||
| Q1 25 | $71.4M | $3.9M | ||
| Q4 24 | $244.3M | $30.6M | ||
| Q3 24 | $67.2M | $31.4M | ||
| Q2 24 | $53.0M | $39.1M | ||
| Q1 24 | $48.8M | $50.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 3.54× | — | ||
| Q3 25 | 1.35× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 1.08× | — | ||
| Q4 24 | 4.68× | 2.44× | ||
| Q3 24 | 2.01× | 1.57× | ||
| Q2 24 | 4.92× | 2.13× | ||
| Q1 24 | 1.70× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRE
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
