vs
Side-by-side financial comparison of Ellington Financial Inc. (EFC) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Ellington Financial Inc. is the larger business by last-quarter revenue ($78.2M vs $73.5M, roughly 1.1× Target Hospitality Corp.). Ellington Financial Inc. runs the higher net margin — 28.9% vs -20.3%, a 49.2% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 8.7%). Over the past eight quarters, Ellington Financial Inc.'s revenue compounded faster (1.8% CAGR vs 0.7%).
Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.
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.
EFC vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $73.5M |
| Net Profit | $22.6M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 7.4% | -22.9% |
| Net Margin | 28.9% | -20.3% |
| Revenue YoY | 8.7% | 22.0% |
| Net Profit YoY | -26.2% | -219.1% |
| EPS (diluted) | $0.10 | $-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 | $78.2M | $73.5M | ||
| Q3 25 | $82.8M | $91.6M | ||
| Q2 25 | $92.5M | $54.9M | ||
| Q1 25 | $82.9M | $54.9M | ||
| Q4 24 | $72.0M | $60.2M | ||
| Q3 24 | $67.0M | $65.8M | ||
| Q2 24 | $91.2M | $67.5M | ||
| Q1 24 | $75.5M | $72.4M |
| Q4 25 | $22.6M | $-14.9M | ||
| Q3 25 | $29.5M | $-795.0K | ||
| Q2 25 | $42.9M | $-14.9M | ||
| Q1 25 | $31.6M | $-6.5M | ||
| Q4 24 | $30.7M | $12.5M | ||
| Q3 24 | $16.2M | $20.0M | ||
| Q2 24 | $52.3M | $18.4M | ||
| Q1 24 | $26.9M | $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 | 7.4% | -22.9% | ||
| Q3 25 | 31.1% | 0.1% | ||
| Q2 25 | 38.3% | -30.8% | ||
| Q1 25 | 37.3% | -2.0% | ||
| Q4 24 | 28.0% | 34.5% | ||
| Q3 24 | 24.0% | 42.5% | ||
| Q2 24 | 52.8% | 43.8% | ||
| Q1 24 | 42.2% | 42.0% |
| Q4 25 | 28.9% | -20.3% | ||
| Q3 25 | 35.7% | -0.9% | ||
| Q2 25 | 46.4% | -27.2% | ||
| Q1 25 | 38.2% | -11.8% | ||
| Q4 24 | 42.6% | 20.8% | ||
| Q3 24 | 24.1% | 30.4% | ||
| Q2 24 | 57.4% | 27.2% | ||
| Q1 24 | 35.6% | 28.2% |
| Q4 25 | $0.10 | $-0.14 | ||
| Q3 25 | $0.29 | $-0.01 | ||
| Q2 25 | $0.45 | $-0.15 | ||
| Q1 25 | $0.35 | $-0.07 | ||
| Q4 24 | $0.23 | $0.12 | ||
| Q3 24 | $0.19 | $0.20 | ||
| Q2 24 | $0.62 | $0.18 | ||
| Q1 24 | $0.32 | $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 | $201.9M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $1.8B | $389.3M |
| Total Assets | $19.4B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | $8.3M | ||
| Q3 25 | $184.8M | $30.4M | ||
| Q2 25 | $211.0M | $19.2M | ||
| Q1 25 | $203.3M | $34.5M | ||
| Q4 24 | $192.4M | $190.7M | ||
| Q3 24 | $217.7M | $177.7M | ||
| Q2 24 | $198.5M | $154.3M | ||
| Q1 24 | $187.5M | $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 | $1.8B | $389.3M | ||
| Q3 25 | $1.8B | $402.4M | ||
| Q2 25 | $1.7B | $401.3M | ||
| Q1 25 | $1.6B | $415.3M | ||
| Q4 24 | $1.6B | $421.1M | ||
| Q3 24 | $1.6B | $417.6M | ||
| Q2 24 | $1.6B | $397.2M | ||
| Q1 24 | $1.5B | $375.5M |
| Q4 25 | $19.4B | $530.2M | ||
| Q3 25 | $17.8B | $541.2M | ||
| Q2 25 | $17.1B | $533.7M | ||
| Q1 25 | $16.6B | $562.5M | ||
| Q4 24 | $16.3B | $725.8M | ||
| Q3 24 | $16.0B | $709.8M | ||
| Q2 24 | $15.1B | $697.0M | ||
| Q1 24 | $15.1B | $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 | $-925.5M | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | -40.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $5.7M | ||
| Q3 25 | $-290.4M | $53.4M | ||
| Q2 25 | $-210.5M | $11.1M | ||
| Q1 25 | $-126.4M | $3.9M | ||
| Q4 24 | $-430.5M | $30.6M | ||
| Q3 24 | $-141.7M | $31.4M | ||
| Q2 24 | $-88.6M | $39.1M | ||
| Q1 24 | $-59.5M | $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 | 0.0% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | -40.92× | — | ||
| Q3 25 | -9.84× | — | ||
| Q2 25 | -4.90× | — | ||
| Q1 25 | -3.99× | — | ||
| Q4 24 | -14.04× | 2.44× | ||
| Q3 24 | -8.76× | 1.57× | ||
| Q2 24 | -1.69× | 2.13× | ||
| Q1 24 | -2.21× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EFC
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
