vs
Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
FIRST COMMONWEALTH FINANCIAL CORP is the larger business by last-quarter revenue ($133.7M vs $73.5M, roughly 1.8× Target Hospitality Corp.). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs -20.3%, a 48.4% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 13.0%). Over the past eight quarters, FIRST COMMONWEALTH FINANCIAL CORP's revenue compounded faster (5.5% CAGR vs 0.7%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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.
FCF vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $73.5M |
| Net Profit | $37.5M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | 28.1% | -20.3% |
| Revenue YoY | 13.0% | 22.0% |
| Net Profit YoY | 14.8% | -219.1% |
| EPS (diluted) | $0.37 | $-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.
| Q1 26 | $133.7M | — | ||
| Q4 25 | $137.9M | $73.5M | ||
| Q3 25 | $136.0M | $91.6M | ||
| Q2 25 | $131.0M | $54.9M | ||
| Q1 25 | $118.0M | $54.9M | ||
| Q4 24 | $120.4M | $60.2M | ||
| Q3 24 | $121.2M | $65.8M | ||
| Q2 24 | $120.2M | $67.5M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $-14.9M | ||
| Q3 25 | $41.3M | $-795.0K | ||
| Q2 25 | $33.4M | $-14.9M | ||
| Q1 25 | $32.7M | $-6.5M | ||
| Q4 24 | $35.8M | $12.5M | ||
| Q3 24 | $32.1M | $20.0M | ||
| Q2 24 | $37.1M | $18.4M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 40.9% | -22.9% | ||
| Q3 25 | 38.1% | 0.1% | ||
| Q2 25 | 32.1% | -30.8% | ||
| Q1 25 | 34.8% | -2.0% | ||
| Q4 24 | 37.1% | 34.5% | ||
| Q3 24 | 33.4% | 42.5% | ||
| Q2 24 | 38.7% | 43.8% |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | -20.3% | ||
| Q3 25 | 30.4% | -0.9% | ||
| Q2 25 | 25.5% | -27.2% | ||
| Q1 25 | 27.7% | -11.8% | ||
| Q4 24 | 29.8% | 20.8% | ||
| Q3 24 | 26.5% | 30.4% | ||
| Q2 24 | 30.9% | 27.2% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $-0.14 | ||
| Q3 25 | $0.39 | $-0.01 | ||
| Q2 25 | $0.32 | $-0.15 | ||
| Q1 25 | $0.32 | $-0.07 | ||
| Q4 24 | $0.35 | $0.12 | ||
| Q3 24 | $0.31 | $0.20 | ||
| Q2 24 | $0.36 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.3M |
| Total DebtLower is stronger | $154.9M | $1.7M |
| Stockholders' EquityBook value | $1.6B | $389.3M |
| Total Assets | $12.3B | $530.2M |
| Debt / EquityLower = less leverage | 0.10× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $8.3M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | — | $34.5M | ||
| Q4 24 | — | $190.7M | ||
| Q3 24 | — | $177.7M | ||
| Q2 24 | — | $154.3M |
| Q1 26 | $154.9M | — | ||
| Q4 25 | $261.7M | $1.7M | ||
| Q3 25 | $262.1M | $2.0M | ||
| Q2 25 | $262.4M | $26.3M | ||
| Q1 25 | $262.7M | $42.9M | ||
| Q4 24 | $263.0M | $1.5M | ||
| Q3 24 | $136.3M | $994.0K | ||
| Q2 24 | $136.6M | $1.1M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $389.3M | ||
| Q3 25 | $1.5B | $402.4M | ||
| Q2 25 | $1.5B | $401.3M | ||
| Q1 25 | $1.4B | $415.3M | ||
| Q4 24 | $1.4B | $421.1M | ||
| Q3 24 | $1.4B | $417.6M | ||
| Q2 24 | $1.4B | $397.2M |
| Q1 26 | $12.3B | — | ||
| Q4 25 | $12.3B | $530.2M | ||
| Q3 25 | $12.3B | $541.2M | ||
| Q2 25 | $12.2B | $533.7M | ||
| Q1 25 | $11.8B | $562.5M | ||
| Q4 24 | $11.6B | $725.8M | ||
| Q3 24 | $12.0B | $709.8M | ||
| Q2 24 | $11.6B | $697.0M |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | 0.00× | ||
| Q3 25 | 0.17× | 0.01× | ||
| Q2 25 | 0.17× | 0.07× | ||
| Q1 25 | 0.18× | 0.10× | ||
| Q4 24 | 0.19× | 0.00× | ||
| Q3 24 | 0.10× | 0.00× | ||
| Q2 24 | 0.10× | 0.00× |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $187.5M | $5.7M | ||
| Q3 25 | $49.5M | $53.4M | ||
| Q2 25 | $30.4M | $11.1M | ||
| Q1 25 | $55.9M | $3.9M | ||
| Q4 24 | $129.5M | $30.6M | ||
| Q3 24 | $53.6M | $31.4M | ||
| Q2 24 | $22.7M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | $171.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | $113.9M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 124.3% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | 94.6% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 1.71× | — | ||
| Q4 24 | 3.61× | 2.44× | ||
| Q3 24 | 1.67× | 1.57× | ||
| Q2 24 | 0.61× | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCF
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
