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Side-by-side financial comparison of JFrog Ltd (FROG) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $73.5M, roughly 2.0× Target Hospitality Corp.). JFrog Ltd runs the higher net margin — -10.5% vs -20.3%, a 9.9% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 22.0%). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 0.7%).
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
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.
FROG vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $73.5M |
| Net Profit | $-15.2M | $-14.9M |
| Gross Margin | 77.9% | 9.6% |
| Operating Margin | -14.7% | -22.9% |
| Net Margin | -10.5% | -20.3% |
| Revenue YoY | 25.2% | 22.0% |
| Net Profit YoY | 34.4% | -219.1% |
| EPS (diluted) | $-0.13 | $-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 | $145.3M | $73.5M | ||
| Q3 25 | $136.9M | $91.6M | ||
| Q2 25 | $127.2M | $54.9M | ||
| Q1 25 | $122.4M | $54.9M | ||
| Q4 24 | $116.1M | $60.2M | ||
| Q3 24 | $109.1M | $65.8M | ||
| Q2 24 | $103.0M | $67.5M | ||
| Q1 24 | $100.3M | $72.4M |
| Q4 25 | $-15.2M | $-14.9M | ||
| Q3 25 | $-16.4M | $-795.0K | ||
| Q2 25 | $-21.7M | $-14.9M | ||
| Q1 25 | $-18.5M | $-6.5M | ||
| Q4 24 | $-23.2M | $12.5M | ||
| Q3 24 | $-22.9M | $20.0M | ||
| Q2 24 | $-14.3M | $18.4M | ||
| Q1 24 | $-8.8M | $20.4M |
| Q4 25 | 77.9% | 9.6% | ||
| Q3 25 | 77.4% | 19.6% | ||
| Q2 25 | 76.3% | -0.6% | ||
| Q1 25 | 75.3% | 32.7% | ||
| Q4 24 | 75.4% | 61.5% | ||
| Q3 24 | 75.0% | 68.7% | ||
| Q2 24 | 78.8% | 69.4% | ||
| Q1 24 | 79.5% | 67.8% |
| Q4 25 | -14.7% | -22.9% | ||
| Q3 25 | -15.8% | 0.1% | ||
| Q2 25 | -20.4% | -30.8% | ||
| Q1 25 | -18.8% | -2.0% | ||
| Q4 24 | -21.9% | 34.5% | ||
| Q3 24 | -27.4% | 42.5% | ||
| Q2 24 | -18.6% | 43.8% | ||
| Q1 24 | -16.6% | 42.0% |
| Q4 25 | -10.5% | -20.3% | ||
| Q3 25 | -12.0% | -0.9% | ||
| Q2 25 | -17.0% | -27.2% | ||
| Q1 25 | -15.1% | -11.8% | ||
| Q4 24 | -20.0% | 20.8% | ||
| Q3 24 | -21.0% | 30.4% | ||
| Q2 24 | -13.9% | 27.2% | ||
| Q1 24 | -8.8% | 28.2% |
| Q4 25 | $-0.13 | $-0.14 | ||
| Q3 25 | $-0.14 | $-0.01 | ||
| Q2 25 | $-0.19 | $-0.15 | ||
| Q1 25 | $-0.16 | $-0.07 | ||
| Q4 24 | $-0.21 | $0.12 | ||
| Q3 24 | $-0.21 | $0.20 | ||
| Q2 24 | $-0.13 | $0.18 | ||
| Q1 24 | $-0.08 | $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 | $704.4M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $887.4M | $389.3M |
| Total Assets | $1.3B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $8.3M | ||
| Q3 25 | $651.1M | $30.4M | ||
| Q2 25 | $611.7M | $19.2M | ||
| Q1 25 | $563.5M | $34.5M | ||
| Q4 24 | $522.0M | $190.7M | ||
| Q3 24 | $467.8M | $177.7M | ||
| Q2 24 | $591.3M | $154.3M | ||
| Q1 24 | $579.6M | $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 | $887.4M | $389.3M | ||
| Q3 25 | $859.4M | $402.4M | ||
| Q2 25 | $826.5M | $401.3M | ||
| Q1 25 | $800.0M | $415.3M | ||
| Q4 24 | $773.5M | $421.1M | ||
| Q3 24 | $756.2M | $417.6M | ||
| Q2 24 | $721.4M | $397.2M | ||
| Q1 24 | $707.8M | $375.5M |
| Q4 25 | $1.3B | $530.2M | ||
| Q3 25 | $1.3B | $541.2M | ||
| Q2 25 | $1.2B | $533.7M | ||
| Q1 25 | $1.2B | $562.5M | ||
| Q4 24 | $1.1B | $725.8M | ||
| Q3 24 | $1.1B | $709.8M | ||
| Q2 24 | $1.0B | $697.0M | ||
| Q1 24 | $997.1M | $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 | $50.7M | $5.7M |
| Free Cash FlowOCF − Capex | $49.9M | — |
| FCF MarginFCF / Revenue | 34.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $5.7M | ||
| Q3 25 | $30.2M | $53.4M | ||
| Q2 25 | $36.1M | $11.1M | ||
| Q1 25 | $28.8M | $3.9M | ||
| Q4 24 | $49.1M | $30.6M | ||
| Q3 24 | $27.6M | $31.4M | ||
| Q2 24 | $16.7M | $39.1M | ||
| Q1 24 | $17.5M | $50.6M |
| Q4 25 | $49.9M | — | ||
| Q3 25 | $28.8M | — | ||
| Q2 25 | $35.5M | — | ||
| Q1 25 | $28.1M | $-11.6M | ||
| Q4 24 | $48.5M | — | ||
| Q3 24 | $26.7M | — | ||
| Q2 24 | $16.0M | — | ||
| Q1 24 | $16.6M | — |
| Q4 25 | 34.3% | — | ||
| Q3 25 | 21.0% | — | ||
| Q2 25 | 27.9% | — | ||
| Q1 25 | 23.0% | -21.1% | ||
| Q4 24 | 41.8% | — | ||
| Q3 24 | 24.5% | — | ||
| Q2 24 | 15.5% | — | ||
| Q1 24 | 16.6% | — |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.5% | 28.2% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.8% | — |
| 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
FROG
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
