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Side-by-side financial comparison of Finwise Bancorp (FINW) 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 $42.7M, roughly 1.7× Finwise Bancorp). Finwise Bancorp runs the higher net margin — 6.4% vs -20.3%, a 26.7% gap on every dollar of revenue. Over the past eight quarters, Finwise Bancorp's revenue compounded faster (47.0% CAGR vs 0.7%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $73.5M |
| Net Profit | $2.7M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | 6.4% | -20.3% |
| Revenue YoY | — | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $0.20 | $-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 | $42.7M | — | ||
| Q4 25 | $46.9M | $73.5M | ||
| Q3 25 | $36.7M | $91.6M | ||
| Q2 25 | $25.1M | $54.9M | ||
| Q1 25 | $22.1M | $54.9M | ||
| Q4 24 | $21.1M | $60.2M | ||
| Q3 24 | $20.8M | $65.8M | ||
| Q2 24 | $19.8M | $67.5M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $-14.9M | ||
| Q3 25 | $4.9M | $-795.0K | ||
| Q2 25 | $4.1M | $-14.9M | ||
| Q1 25 | $3.2M | $-6.5M | ||
| Q4 24 | $2.8M | $12.5M | ||
| Q3 24 | $3.5M | $20.0M | ||
| Q2 24 | $3.2M | $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 | 11.7% | -22.9% | ||
| Q3 25 | 17.5% | 0.1% | ||
| Q2 25 | 21.7% | -30.8% | ||
| Q1 25 | 20.1% | -2.0% | ||
| Q4 24 | 17.5% | 34.5% | ||
| Q3 24 | 22.2% | 42.5% | ||
| Q2 24 | 21.1% | 43.8% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | -20.3% | ||
| Q3 25 | 13.3% | -0.9% | ||
| Q2 25 | 16.3% | -27.2% | ||
| Q1 25 | 14.4% | -11.8% | ||
| Q4 24 | 13.2% | 20.8% | ||
| Q3 24 | 16.6% | 30.4% | ||
| Q2 24 | 16.1% | 27.2% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $-0.14 | ||
| Q3 25 | $0.34 | $-0.01 | ||
| Q2 25 | $0.29 | $-0.15 | ||
| Q1 25 | $0.23 | $-0.07 | ||
| Q4 24 | $0.19 | $0.12 | ||
| Q3 24 | $0.25 | $0.20 | ||
| Q2 24 | $0.24 | $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 | — | $1.7M |
| Stockholders' EquityBook value | $196.6M | $389.3M |
| Total Assets | $899.4M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $8.3M | ||
| Q3 25 | $105.6M | $30.4M | ||
| Q2 25 | $90.1M | $19.2M | ||
| Q1 25 | $120.3M | $34.5M | ||
| Q4 24 | $109.2M | $190.7M | ||
| Q3 24 | $85.8M | $177.7M | ||
| Q2 24 | $89.0M | $154.3M |
| Q1 26 | — | — | ||
| 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 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $389.3M | ||
| Q3 25 | $187.8M | $402.4M | ||
| Q2 25 | $182.0M | $401.3M | ||
| Q1 25 | $177.4M | $415.3M | ||
| Q4 24 | $173.7M | $421.1M | ||
| Q3 24 | $170.4M | $417.6M | ||
| Q2 24 | $165.8M | $397.2M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $530.2M | ||
| Q3 25 | $899.9M | $541.2M | ||
| Q2 25 | $842.5M | $533.7M | ||
| Q1 25 | $804.1M | $562.5M | ||
| Q4 24 | $746.0M | $725.8M | ||
| Q3 24 | $683.0M | $709.8M | ||
| Q2 24 | $617.8M | $697.0M |
| Q1 26 | — | — | ||
| 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× |
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 | $-28.4M | $5.7M | ||
| Q3 25 | $3.5M | $53.4M | ||
| Q2 25 | $-18.3M | $11.1M | ||
| Q1 25 | $-21.6M | $3.9M | ||
| Q4 24 | $-15.0M | $30.6M | ||
| Q3 24 | $-9.8M | $31.4M | ||
| Q2 24 | $-7.6M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | — | ||
| Q3 25 | $3.4M | — | ||
| Q2 25 | $-19.8M | — | ||
| Q1 25 | $-23.3M | $-11.6M | ||
| Q4 24 | $-16.1M | — | ||
| Q3 24 | $-13.4M | — | ||
| Q2 24 | $-7.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | -79.0% | — | ||
| Q1 25 | -105.3% | -21.1% | ||
| Q4 24 | -76.0% | — | ||
| Q3 24 | -64.3% | — | ||
| Q2 24 | -38.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 7.4% | 28.2% | ||
| Q4 24 | 5.1% | — | ||
| Q3 24 | 17.2% | — | ||
| Q2 24 | 0.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | -4.48× | — | ||
| Q1 25 | -6.78× | — | ||
| Q4 24 | -5.37× | 2.44× | ||
| Q3 24 | -2.84× | 1.57× | ||
| Q2 24 | -2.39× | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
