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Side-by-side financial comparison of Elme Communities (ELME) 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 $62.1M, roughly 1.2× Elme Communities). Target Hospitality Corp. runs the higher net margin — -20.3% vs -198.9%, a 178.5% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 1.7%). Over the past eight quarters, Elme Communities's revenue compounded faster (2.7% CAGR vs 0.7%).
Elme Communities is a publicly traded U.S. real estate investment trust that primarily owns, operates and develops high-quality multifamily residential communities. It focuses on key growth markets across the U.S. Mid-Atlantic and Southeast, offering affordable to mid-tier housing options for diverse renter groups.
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.
ELME vs TH — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.1M | $73.5M |
| Net Profit | $-123.5M | $-14.9M |
| Gross Margin | 61.1% | 9.6% |
| Operating Margin | -183.3% | -22.9% |
| Net Margin | -198.9% | -20.3% |
| Revenue YoY | 1.7% | 22.0% |
| Net Profit YoY | -4058.7% | -219.1% |
| EPS (diluted) | $-1.40 | $-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 | — | $73.5M | ||
| Q3 25 | $62.1M | $91.6M | ||
| Q2 25 | $62.1M | $54.9M | ||
| Q1 25 | $61.5M | $54.9M | ||
| Q4 24 | $61.3M | $60.2M | ||
| Q3 24 | $61.1M | $65.8M | ||
| Q2 24 | $60.1M | $67.5M | ||
| Q1 24 | $59.5M | $72.4M |
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $-123.5M | $-795.0K | ||
| Q2 25 | $-3.6M | $-14.9M | ||
| Q1 25 | $-4.7M | $-6.5M | ||
| Q4 24 | $-3.0M | $12.5M | ||
| Q3 24 | $-3.0M | $20.0M | ||
| Q2 24 | $-3.5M | $18.4M | ||
| Q1 24 | $-3.6M | $20.4M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | 61.1% | 19.6% | ||
| Q2 25 | 63.5% | -0.6% | ||
| Q1 25 | 64.2% | 32.7% | ||
| Q4 24 | 62.9% | 61.5% | ||
| Q3 24 | 63.5% | 68.7% | ||
| Q2 24 | 63.4% | 69.4% | ||
| Q1 24 | 63.5% | 67.8% |
| Q4 25 | — | -22.9% | ||
| Q3 25 | -183.3% | 0.1% | ||
| Q2 25 | 9.6% | -30.8% | ||
| Q1 25 | 7.8% | -2.0% | ||
| Q4 24 | 10.4% | 34.5% | ||
| Q3 24 | 11.0% | 42.5% | ||
| Q2 24 | 9.8% | 43.8% | ||
| Q1 24 | 7.5% | 42.0% |
| Q4 25 | — | -20.3% | ||
| Q3 25 | -198.9% | -0.9% | ||
| Q2 25 | -5.7% | -27.2% | ||
| Q1 25 | -7.6% | -11.8% | ||
| Q4 24 | -4.9% | 20.8% | ||
| Q3 24 | -4.9% | 30.4% | ||
| Q2 24 | -5.8% | 27.2% | ||
| Q1 24 | -6.1% | 28.2% |
| Q4 25 | — | $-0.14 | ||
| Q3 25 | $-1.40 | $-0.01 | ||
| Q2 25 | $-0.04 | $-0.15 | ||
| Q1 25 | $-0.05 | $-0.07 | ||
| Q4 24 | $-0.04 | $0.12 | ||
| Q3 24 | $-0.03 | $0.20 | ||
| Q2 24 | $-0.04 | $0.18 | ||
| Q1 24 | $-0.04 | $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 | $7.1M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $908.9M | $389.3M |
| Total Assets | $1.7B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.3M | ||
| Q3 25 | $7.1M | $30.4M | ||
| Q2 25 | $4.8M | $19.2M | ||
| Q1 25 | $6.4M | $34.5M | ||
| Q4 24 | $6.1M | $190.7M | ||
| Q3 24 | $4.8M | $177.7M | ||
| Q2 24 | $5.6M | $154.3M | ||
| Q1 24 | $4.2M | $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 | — | $389.3M | ||
| Q3 25 | $908.9M | $402.4M | ||
| Q2 25 | $1.0B | $401.3M | ||
| Q1 25 | $1.1B | $415.3M | ||
| Q4 24 | $1.1B | $421.1M | ||
| Q3 24 | $1.1B | $417.6M | ||
| Q2 24 | $1.1B | $397.2M | ||
| Q1 24 | $1.1B | $375.5M |
| Q4 25 | — | $530.2M | ||
| Q3 25 | $1.7B | $541.2M | ||
| Q2 25 | $1.8B | $533.7M | ||
| Q1 25 | $1.8B | $562.5M | ||
| Q4 24 | $1.8B | $725.8M | ||
| Q3 24 | $1.9B | $709.8M | ||
| Q2 24 | $1.9B | $697.0M | ||
| Q1 24 | $1.9B | $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 | $15.9M | $5.7M |
| Free Cash FlowOCF − Capex | $7.2M | — |
| FCF MarginFCF / Revenue | 11.6% | — |
| Capex IntensityCapex / Revenue | 14.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $86.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.7M | ||
| Q3 25 | $15.9M | $53.4M | ||
| Q2 25 | $29.8M | $11.1M | ||
| Q1 25 | $16.2M | $3.9M | ||
| Q4 24 | $95.2M | $30.6M | ||
| Q3 24 | $20.7M | $31.4M | ||
| Q2 24 | $28.9M | $39.1M | ||
| Q1 24 | $21.2M | $50.6M |
| Q4 25 | — | — | ||
| Q3 25 | $7.2M | — | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $10.5M | $-11.6M | ||
| Q4 24 | $47.9M | — | ||
| Q3 24 | $8.8M | — | ||
| Q2 24 | $21.0M | — | ||
| Q1 24 | $7.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | 11.6% | — | ||
| Q2 25 | 34.1% | — | ||
| Q1 25 | 17.1% | -21.1% | ||
| Q4 24 | 78.1% | — | ||
| Q3 24 | 14.4% | — | ||
| Q2 24 | 34.9% | — | ||
| Q1 24 | 12.8% | — |
| Q4 25 | — | — | ||
| Q3 25 | 14.0% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 9.2% | 28.2% | ||
| Q4 24 | 77.4% | — | ||
| Q3 24 | 19.4% | — | ||
| Q2 24 | 13.1% | — | ||
| Q1 24 | 22.9% | — |
| 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
ELME
| Residential Segment | $57.7M | 93% |
| Other | $4.4M | 7% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
