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Side-by-side financial comparison of Fluent, Inc. (FLNT) 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 $61.8M, roughly 1.2× Fluent, Inc.). Fluent, Inc. runs the higher net margin — -6.7% vs -20.3%, a 13.7% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -5.5%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -3.2%).
THG Fluently, formerly Language Connect, is a translation and language localisation service provided by THG Ingenuity. It provides a range of language services, including translation, interpreting, localisation, voice-overs, transcription, and multilingual search engine optimization.
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.
FLNT vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.8M | $73.5M |
| Net Profit | $-4.1M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 0.3% | -22.9% |
| Net Margin | -6.7% | -20.3% |
| Revenue YoY | -5.5% | 22.0% |
| Net Profit YoY | -20.1% | -219.1% |
| EPS (diluted) | $-0.09 | $-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 | $61.8M | $73.5M | ||
| Q3 25 | $47.0M | $91.6M | ||
| Q2 25 | $44.7M | $54.9M | ||
| Q1 25 | $55.2M | $54.9M | ||
| Q4 24 | $65.4M | $60.2M | ||
| Q3 24 | $64.5M | $65.8M | ||
| Q2 24 | $58.7M | $67.5M | ||
| Q1 24 | $66.0M | $72.4M |
| Q4 25 | $-4.1M | $-14.9M | ||
| Q3 25 | $-7.6M | $-795.0K | ||
| Q2 25 | $-7.2M | $-14.9M | ||
| Q1 25 | $-8.3M | $-6.5M | ||
| Q4 24 | $-3.4M | $12.5M | ||
| Q3 24 | $-7.9M | $20.0M | ||
| Q2 24 | $-11.6M | $18.4M | ||
| Q1 24 | $-6.3M | $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 | 0.3% | -22.9% | ||
| Q3 25 | -13.4% | 0.1% | ||
| Q2 25 | -15.9% | -30.8% | ||
| Q1 25 | -12.8% | -2.0% | ||
| Q4 24 | -8.3% | 34.5% | ||
| Q3 24 | -6.0% | 42.5% | ||
| Q2 24 | -17.7% | 43.8% | ||
| Q1 24 | -6.0% | 42.0% |
| Q4 25 | -6.7% | -20.3% | ||
| Q3 25 | -16.1% | -0.9% | ||
| Q2 25 | -16.2% | -27.2% | ||
| Q1 25 | -15.0% | -11.8% | ||
| Q4 24 | -5.2% | 20.8% | ||
| Q3 24 | -12.3% | 30.4% | ||
| Q2 24 | -19.8% | 27.2% | ||
| Q1 24 | -9.5% | 28.2% |
| Q4 25 | $-0.09 | $-0.14 | ||
| Q3 25 | $-0.27 | $-0.01 | ||
| Q2 25 | $-0.30 | $-0.15 | ||
| Q1 25 | $-0.39 | $-0.07 | ||
| Q4 24 | $-0.12 | $0.12 | ||
| Q3 24 | $-0.48 | $0.20 | ||
| Q2 24 | $-0.75 | $0.18 | ||
| Q1 24 | $-0.45 | $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 | $12.9M | $8.3M |
| Total DebtLower is stronger | $34.6M | $1.7M |
| Stockholders' EquityBook value | $18.2M | $389.3M |
| Total Assets | $89.1M | $530.2M |
| Debt / EquityLower = less leverage | 1.90× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $8.3M | ||
| Q3 25 | $9.2M | $30.4M | ||
| Q2 25 | $4.9M | $19.2M | ||
| Q1 25 | $4.8M | $34.5M | ||
| Q4 24 | $9.4M | $190.7M | ||
| Q3 24 | $6.6M | $177.7M | ||
| Q2 24 | $5.0M | $154.3M | ||
| Q1 24 | $11.7M | $124.3M |
| Q4 25 | $34.6M | $1.7M | ||
| Q3 25 | $26.0M | $2.0M | ||
| Q2 25 | $23.2M | $26.3M | ||
| Q1 25 | $25.6M | $42.9M | ||
| Q4 24 | $35.6M | $1.5M | ||
| Q3 24 | $37.9M | $994.0K | ||
| Q2 24 | $33.3M | $1.1M | ||
| Q1 24 | $31.0M | $179.9M |
| Q4 25 | $18.2M | $389.3M | ||
| Q3 25 | $21.6M | $402.4M | ||
| Q2 25 | $19.1M | $401.3M | ||
| Q1 25 | $22.0M | $415.3M | ||
| Q4 24 | $25.0M | $421.1M | ||
| Q3 24 | $20.0M | $417.6M | ||
| Q2 24 | $27.5M | $397.2M | ||
| Q1 24 | $28.7M | $375.5M |
| Q4 25 | $89.1M | $530.2M | ||
| Q3 25 | $76.1M | $541.2M | ||
| Q2 25 | $74.5M | $533.7M | ||
| Q1 25 | $77.5M | $562.5M | ||
| Q4 24 | $93.6M | $725.8M | ||
| Q3 24 | $77.5M | $709.8M | ||
| Q2 24 | $98.5M | $697.0M | ||
| Q1 24 | $103.6M | $687.2M |
| Q4 25 | 1.90× | 0.00× | ||
| Q3 25 | 1.21× | 0.01× | ||
| Q2 25 | 1.21× | 0.07× | ||
| Q1 25 | 1.16× | 0.10× | ||
| Q4 24 | 1.43× | 0.00× | ||
| Q3 24 | 1.90× | 0.00× | ||
| Q2 24 | 1.21× | 0.00× | ||
| Q1 24 | 1.08× | 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 | $2.8M | $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.
| Q4 25 | $2.8M | $5.7M | ||
| Q3 25 | $-7.3M | $53.4M | ||
| Q2 25 | $935.0K | $11.1M | ||
| Q1 25 | $2.1M | $3.9M | ||
| Q4 24 | $-2.1M | $30.6M | ||
| Q3 24 | $1.2M | $31.4M | ||
| Q2 24 | $-13.1M | $39.1M | ||
| Q1 24 | $-132.0K | $50.6M |
| Q4 25 | — | — | ||
| Q3 25 | $-7.3M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.2M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -15.6% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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
FLNT
| Commerce Media Solutions | $34.7M | 56% |
| Owned And Operated | $21.3M | 34% |
| Call Solutions | $3.8M | 6% |
| Ad Parlor | $2.0M | 3% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
