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Side-by-side financial comparison of Primis Financial Corp. (FRST) 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 $45.6M, roughly 1.6× Primis Financial Corp.). Primis Financial Corp. runs the higher net margin — 16.0% vs -20.3%, a 36.4% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs 0.7%).
Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.
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.
FRST vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $45.6M | $73.5M |
| Net Profit | $7.3M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | 16.0% | -20.3% |
| Revenue YoY | — | 22.0% |
| Net Profit YoY | 200.0% | -219.1% |
| EPS (diluted) | $0.30 | $-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 | $45.6M | — | ||
| Q4 25 | $80.9M | $73.5M | ||
| Q3 25 | $41.0M | $91.6M | ||
| Q2 25 | $43.2M | $54.9M | ||
| Q1 25 | $58.7M | $54.9M | ||
| Q4 24 | $38.8M | $60.2M | ||
| Q3 24 | $37.3M | $65.8M | ||
| Q2 24 | $35.7M | $67.5M |
| Q1 26 | $7.3M | — | ||
| Q4 25 | $29.5M | $-14.9M | ||
| Q3 25 | $6.8M | $-795.0K | ||
| Q2 25 | $2.4M | $-14.9M | ||
| Q1 25 | $22.6M | $-6.5M | ||
| Q4 24 | $-26.2M | $12.5M | ||
| Q3 24 | $1.2M | $20.0M | ||
| Q2 24 | $3.4M | $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 | 44.8% | -22.9% | ||
| Q3 25 | 21.3% | 0.1% | ||
| Q2 25 | 6.9% | -30.8% | ||
| Q1 25 | 41.9% | -2.0% | ||
| Q4 24 | -123.0% | 34.5% | ||
| Q3 24 | -3.1% | 42.5% | ||
| Q2 24 | 7.8% | 43.8% |
| Q1 26 | 16.0% | — | ||
| Q4 25 | 36.5% | -20.3% | ||
| Q3 25 | 16.7% | -0.9% | ||
| Q2 25 | 5.6% | -27.2% | ||
| Q1 25 | 38.6% | -11.8% | ||
| Q4 24 | -100.3% | 20.8% | ||
| Q3 24 | 3.3% | 30.4% | ||
| Q2 24 | 9.6% | 27.2% |
| Q1 26 | $0.30 | — | ||
| Q4 25 | $1.19 | $-0.14 | ||
| Q3 25 | $0.28 | $-0.01 | ||
| Q2 25 | $0.10 | $-0.15 | ||
| Q1 25 | $0.92 | $-0.07 | ||
| Q4 24 | $-0.95 | $0.12 | ||
| Q3 24 | $0.05 | $0.20 | ||
| Q2 24 | $0.14 | $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 | $159.9M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $427.2M | $389.3M |
| Total Assets | $4.3B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $159.9M | — | ||
| Q4 25 | $143.6M | $8.3M | ||
| Q3 25 | $63.9M | $30.4M | ||
| Q2 25 | $94.1M | $19.2M | ||
| Q1 25 | $57.0M | $34.5M | ||
| Q4 24 | $64.5M | $190.7M | ||
| Q3 24 | $77.3M | $177.7M | ||
| Q2 24 | $66.6M | $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 | $427.2M | — | ||
| Q4 25 | $422.9M | $389.3M | ||
| Q3 25 | $382.2M | $402.4M | ||
| Q2 25 | $376.4M | $401.3M | ||
| Q1 25 | $375.6M | $415.3M | ||
| Q4 24 | $351.8M | $421.1M | ||
| Q3 24 | $381.0M | $417.6M | ||
| Q2 24 | $376.0M | $397.2M |
| Q1 26 | $4.3B | — | ||
| Q4 25 | $4.0B | $530.2M | ||
| Q3 25 | $4.0B | $541.2M | ||
| Q2 25 | $3.9B | $533.7M | ||
| Q1 25 | $3.7B | $562.5M | ||
| Q4 24 | $3.7B | $725.8M | ||
| Q3 24 | $4.0B | $709.8M | ||
| Q2 24 | $4.0B | $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 | $10.8M | $5.7M | ||
| Q3 25 | $-11.4M | $53.4M | ||
| Q2 25 | $-41.0M | $11.1M | ||
| Q1 25 | $34.4M | $3.9M | ||
| Q4 24 | $19.5M | $30.6M | ||
| Q3 24 | $6.1M | $31.4M | ||
| Q2 24 | $52.3M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | $9.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | 47.3% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | 3.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.36× | — | ||
| Q3 25 | -1.67× | — | ||
| Q2 25 | -16.82× | — | ||
| Q1 25 | 1.52× | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 4.93× | 1.57× | ||
| Q2 24 | 15.21× | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRST
| Net Interest Income | $32.1M | 70% |
| Noninterest Income | $13.6M | 30% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
