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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) 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 $38.5M, roughly 1.9× Evolv Technologies Holdings, Inc.). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs -20.3%, a 48.6% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs 22.0%). Over the past eight quarters, Evolv Technologies Holdings, Inc.'s revenue compounded faster (31.8% CAGR vs 0.7%).
Sentient Technologies was an American artificial intelligence technology company based in San Francisco. Sentient was founded in 2007 and received over $143 million in funding at different points after its inception. As of 2016, Sentient was the world's most well-funded AI company. It focused on e-commerce, online content and trading.
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.
EVLV vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.5M | $73.5M |
| Net Profit | $10.9M | $-14.9M |
| Gross Margin | 48.4% | 9.6% |
| Operating Margin | -20.7% | -22.9% |
| Net Margin | 28.3% | -20.3% |
| Revenue YoY | 32.3% | 22.0% |
| Net Profit YoY | 169.2% | -219.1% |
| EPS (diluted) | $0.07 | $-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 | $38.5M | $73.5M | ||
| Q3 25 | $42.9M | $91.6M | ||
| Q2 25 | $32.5M | $54.9M | ||
| Q1 25 | $32.0M | $54.9M | ||
| Q4 24 | $29.1M | $60.2M | ||
| Q3 24 | $27.4M | $65.8M | ||
| Q2 24 | $25.2M | $67.5M | ||
| Q1 24 | $22.2M | $72.4M |
| Q4 25 | $10.9M | $-14.9M | ||
| Q3 25 | $-1.8M | $-795.0K | ||
| Q2 25 | $-40.5M | $-14.9M | ||
| Q1 25 | $-1.7M | $-6.5M | ||
| Q4 24 | $-15.7M | $12.5M | ||
| Q3 24 | $-30.4M | $20.0M | ||
| Q2 24 | $3.4M | $18.4M | ||
| Q1 24 | $-11.3M | $20.4M |
| Q4 25 | 48.4% | 9.6% | ||
| Q3 25 | 49.7% | 19.6% | ||
| Q2 25 | 49.8% | -0.6% | ||
| Q1 25 | 59.8% | 32.7% | ||
| Q4 24 | 57.5% | 61.5% | ||
| Q3 24 | 57.8% | 68.7% | ||
| Q2 24 | 58.5% | 69.4% | ||
| Q1 24 | 54.8% | 67.8% |
| Q4 25 | -20.7% | -22.9% | ||
| Q3 25 | -20.1% | 0.1% | ||
| Q2 25 | -53.8% | -30.8% | ||
| Q1 25 | -45.0% | -2.0% | ||
| Q4 24 | -64.9% | 34.5% | ||
| Q3 24 | -70.0% | 42.5% | ||
| Q2 24 | -88.7% | 43.8% | ||
| Q1 24 | -98.8% | 42.0% |
| Q4 25 | 28.3% | -20.3% | ||
| Q3 25 | -4.2% | -0.9% | ||
| Q2 25 | -124.6% | -27.2% | ||
| Q1 25 | -5.3% | -11.8% | ||
| Q4 24 | -54.0% | 20.8% | ||
| Q3 24 | -111.3% | 30.4% | ||
| Q2 24 | 13.6% | 27.2% | ||
| Q1 24 | -50.8% | 28.2% |
| Q4 25 | $0.07 | $-0.14 | ||
| Q3 25 | $-0.01 | $-0.01 | ||
| Q2 25 | $-0.25 | $-0.15 | ||
| Q1 25 | $-0.01 | $-0.07 | ||
| Q4 24 | $-0.10 | $0.12 | ||
| Q3 24 | $-0.19 | $0.20 | ||
| Q2 24 | $0.02 | $0.18 | ||
| Q1 24 | $-0.07 | $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 | $49.1M | $8.3M |
| Total DebtLower is stronger | $28.6M | $1.7M |
| Stockholders' EquityBook value | $119.4M | $389.3M |
| Total Assets | $304.4M | $530.2M |
| Debt / EquityLower = less leverage | 0.24× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.1M | $8.3M | ||
| Q3 25 | $56.2M | $30.4M | ||
| Q2 25 | $36.9M | $19.2M | ||
| Q1 25 | $35.0M | $34.5M | ||
| Q4 24 | $51.9M | $190.7M | ||
| Q3 24 | $56.0M | $177.7M | ||
| Q2 24 | $56.5M | $154.3M | ||
| Q1 24 | $81.0M | $124.3M |
| Q4 25 | $28.6M | $1.7M | ||
| Q3 25 | $28.5M | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | $0 | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $119.4M | $389.3M | ||
| Q3 25 | $102.2M | $402.4M | ||
| Q2 25 | $92.7M | $401.3M | ||
| Q1 25 | $121.1M | $415.3M | ||
| Q4 24 | $117.7M | $421.1M | ||
| Q3 24 | $129.0M | $417.6M | ||
| Q2 24 | $151.2M | $397.2M | ||
| Q1 24 | $139.8M | $375.5M |
| Q4 25 | $304.4M | $530.2M | ||
| Q3 25 | $304.3M | $541.2M | ||
| Q2 25 | $280.4M | $533.7M | ||
| Q1 25 | $256.0M | $562.5M | ||
| Q4 24 | $268.1M | $725.8M | ||
| Q3 24 | $278.5M | $709.8M | ||
| Q2 24 | $269.1M | $697.0M | ||
| Q1 24 | $280.0M | $687.2M |
| Q4 25 | 0.24× | 0.00× | ||
| Q3 25 | 0.28× | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | 0.00× | 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 | $15.6M | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.6M | $5.7M | ||
| Q3 25 | $3.5M | $53.4M | ||
| Q2 25 | $2.1M | $11.1M | ||
| Q1 25 | $-2.5M | $3.9M | ||
| Q4 24 | $3.2M | $30.6M | ||
| Q3 24 | $3.7M | $31.4M | ||
| Q2 24 | $-21.6M | $39.1M | ||
| Q1 24 | $-16.2M | $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 | 1.43× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | -6.31× | 2.13× | ||
| Q1 24 | — | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EVLV
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
