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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) 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 $43.5M, roughly 1.7× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 22.0%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% CAGR vs 0.7%).
Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.
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.
DX vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.5M | $73.5M |
| Net Profit | — | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | — | -20.3% |
| Revenue YoY | 531.3% | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $1.59 | $-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 | $43.5M | $73.5M | ||
| Q3 25 | $30.6M | $91.6M | ||
| Q2 25 | $23.1M | $54.9M | ||
| Q1 25 | $17.1M | $54.9M | ||
| Q4 24 | — | $60.2M | ||
| Q3 24 | — | $65.8M | ||
| Q2 24 | — | $67.5M | ||
| Q1 24 | $-3.2M | $72.4M |
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $150.4M | $-795.0K | ||
| Q2 25 | $-13.6M | $-14.9M | ||
| Q1 25 | $-3.1M | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | — | $20.0M | ||
| Q2 24 | — | $18.4M | ||
| Q1 24 | $40.1M | $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 | — | 0.1% | ||
| Q2 25 | — | -30.8% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | 34.5% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 42.0% |
| Q4 25 | — | -20.3% | ||
| Q3 25 | 491.3% | -0.9% | ||
| Q2 25 | -58.8% | -27.2% | ||
| Q1 25 | -18.0% | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 27.2% | ||
| Q1 24 | -1256.8% | 28.2% |
| Q4 25 | $1.59 | $-0.14 | ||
| Q3 25 | $1.08 | $-0.01 | ||
| Q2 25 | $-0.14 | $-0.15 | ||
| Q1 25 | $-0.06 | $-0.07 | ||
| Q4 24 | — | $0.12 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.18 | ||
| Q1 24 | $0.64 | $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 | $531.0M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $2.5B | $389.3M |
| Total Assets | $17.3B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.0M | $8.3M | ||
| Q3 25 | $491.0M | $30.4M | ||
| Q2 25 | $387.5M | $19.2M | ||
| Q1 25 | $327.4M | $34.5M | ||
| Q4 24 | — | $190.7M | ||
| Q3 24 | — | $177.7M | ||
| Q2 24 | — | $154.3M | ||
| Q1 24 | $295.7M | $124.3M |
| 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 24 | — | $179.9M |
| Q4 25 | $2.5B | $389.3M | ||
| Q3 25 | $2.0B | $402.4M | ||
| Q2 25 | $1.6B | $401.3M | ||
| Q1 25 | $1.4B | $415.3M | ||
| Q4 24 | — | $421.1M | ||
| Q3 24 | — | $417.6M | ||
| Q2 24 | — | $397.2M | ||
| Q1 24 | $958.5M | $375.5M |
| Q4 25 | $17.3B | $530.2M | ||
| Q3 25 | $14.2B | $541.2M | ||
| Q2 25 | $11.3B | $533.7M | ||
| Q1 25 | $9.0B | $562.5M | ||
| Q4 24 | — | $725.8M | ||
| Q3 24 | — | $709.8M | ||
| Q2 24 | — | $697.0M | ||
| Q1 24 | $6.3B | $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 | $120.8M | $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.
| Q4 25 | $120.8M | $5.7M | ||
| Q3 25 | $68.3M | $53.4M | ||
| Q2 25 | $31.9M | $11.1M | ||
| Q1 25 | $6.4M | $3.9M | ||
| Q4 24 | — | $30.6M | ||
| Q3 24 | — | $31.4M | ||
| Q2 24 | — | $39.1M | ||
| Q1 24 | $-17.1M | $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 | — | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | -0.43× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DX
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
