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Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.

FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $73.5M, roughly 1.5× Target Hospitality Corp.). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs -20.3%, a 40.0% gap on every dollar of revenue. Over the past eight quarters, FIRSTSUN CAPITAL BANCORP's revenue compounded faster (6.9% CAGR vs 0.7%).

FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional 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.

FSUN vs TH — Head-to-Head

Bigger by revenue
FSUN
FSUN
1.5× larger
FSUN
$110.0M
$73.5M
TH
Higher net margin
FSUN
FSUN
40.0% more per $
FSUN
19.6%
-20.3%
TH
Faster 2-yr revenue CAGR
FSUN
FSUN
Annualised
FSUN
6.9%
0.7%
TH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FSUN
FSUN
TH
TH
Revenue
$110.0M
$73.5M
Net Profit
$21.6M
$-14.9M
Gross Margin
9.6%
Operating Margin
-22.9%
Net Margin
19.6%
-20.3%
Revenue YoY
22.0%
Net Profit YoY
-8.4%
-219.1%
EPS (diluted)
$0.76
$-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.

Revenue
FSUN
FSUN
TH
TH
Q1 26
$110.0M
Q4 25
$110.2M
$73.5M
Q3 25
$107.3M
$91.6M
Q2 25
$105.6M
$54.9M
Q1 25
$96.2M
$54.9M
Q4 24
$98.7M
$60.2M
Q3 24
$98.2M
$65.8M
Q2 24
$96.2M
$67.5M
Net Profit
FSUN
FSUN
TH
TH
Q1 26
$21.6M
Q4 25
$24.8M
$-14.9M
Q3 25
$23.2M
$-795.0K
Q2 25
$26.4M
$-14.9M
Q1 25
$23.6M
$-6.5M
Q4 24
$16.4M
$12.5M
Q3 24
$22.4M
$20.0M
Q2 24
$24.6M
$18.4M
Gross Margin
FSUN
FSUN
TH
TH
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%
Operating Margin
FSUN
FSUN
TH
TH
Q1 26
Q4 25
29.0%
-22.9%
Q3 25
26.4%
0.1%
Q2 25
31.2%
-30.8%
Q1 25
30.9%
-2.0%
Q4 24
20.4%
34.5%
Q3 24
29.1%
42.5%
Q2 24
32.3%
43.8%
Net Margin
FSUN
FSUN
TH
TH
Q1 26
19.6%
Q4 25
22.5%
-20.3%
Q3 25
21.6%
-0.9%
Q2 25
25.0%
-27.2%
Q1 25
24.5%
-11.8%
Q4 24
16.6%
20.8%
Q3 24
22.8%
30.4%
Q2 24
25.5%
27.2%
EPS (diluted)
FSUN
FSUN
TH
TH
Q1 26
$0.76
Q4 25
$0.89
$-0.14
Q3 25
$0.82
$-0.01
Q2 25
$0.93
$-0.15
Q1 25
$0.83
$-0.07
Q4 24
$0.57
$0.12
Q3 24
$0.79
$0.20
Q2 24
$0.88
$0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FSUN
FSUN
TH
TH
Cash + ST InvestmentsLiquidity on hand
$413.7M
$8.3M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$1.2B
$389.3M
Total Assets
$8.6B
$530.2M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSUN
FSUN
TH
TH
Q1 26
$413.7M
Q4 25
$652.6M
$8.3M
Q3 25
$659.9M
$30.4M
Q2 25
$785.1M
$19.2M
Q1 25
$621.4M
$34.5M
Q4 24
$615.9M
$190.7M
Q3 24
$573.7M
$177.7M
Q2 24
$535.8M
$154.3M
Total Debt
FSUN
FSUN
TH
TH
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
Stockholders' Equity
FSUN
FSUN
TH
TH
Q1 26
$1.2B
Q4 25
$1.2B
$389.3M
Q3 25
$1.1B
$402.4M
Q2 25
$1.1B
$401.3M
Q1 25
$1.1B
$415.3M
Q4 24
$1.0B
$421.1M
Q3 24
$1.0B
$417.6M
Q2 24
$996.6M
$397.2M
Total Assets
FSUN
FSUN
TH
TH
Q1 26
$8.6B
Q4 25
$8.5B
$530.2M
Q3 25
$8.5B
$541.2M
Q2 25
$8.4B
$533.7M
Q1 25
$8.2B
$562.5M
Q4 24
$8.1B
$725.8M
Q3 24
$8.1B
$709.8M
Q2 24
$8.0B
$697.0M
Debt / Equity
FSUN
FSUN
TH
TH
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
FSUN
FSUN
TH
TH
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.

Operating Cash Flow
FSUN
FSUN
TH
TH
Q1 26
Q4 25
$111.5M
$5.7M
Q3 25
$49.4M
$53.4M
Q2 25
$15.0M
$11.1M
Q1 25
$26.4M
$3.9M
Q4 24
$101.1M
$30.6M
Q3 24
$48.1M
$31.4M
Q2 24
$20.9M
$39.1M
Free Cash Flow
FSUN
FSUN
TH
TH
Q1 26
Q4 25
$104.0M
Q3 25
$47.6M
Q2 25
$13.0M
Q1 25
$24.3M
$-11.6M
Q4 24
$95.7M
Q3 24
$47.1M
Q2 24
$19.9M
FCF Margin
FSUN
FSUN
TH
TH
Q1 26
Q4 25
94.3%
Q3 25
44.4%
Q2 25
12.3%
Q1 25
25.3%
-21.1%
Q4 24
97.0%
Q3 24
47.9%
Q2 24
20.6%
Capex Intensity
FSUN
FSUN
TH
TH
Q1 26
Q4 25
6.8%
Q3 25
1.6%
Q2 25
1.9%
Q1 25
2.1%
28.2%
Q4 24
5.5%
Q3 24
1.1%
Q2 24
1.1%
Cash Conversion
FSUN
FSUN
TH
TH
Q1 26
Q4 25
4.49×
Q3 25
2.13×
Q2 25
0.57×
Q1 25
1.12×
Q4 24
6.18×
2.44×
Q3 24
2.15×
1.57×
Q2 24
0.85×
2.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FSUN
FSUN

Net Interest Income$82.8M75%
Noninterest Income$27.2M25%

TH
TH

Services$40.9M56%
Hospitality And Facilities Services South$32.6M44%

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