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Side-by-side financial comparison of GCL Global Holdings Ltd (GCL) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
GCL Global Holdings Ltd is the larger business by last-quarter revenue ($98.7M vs $73.5M, roughly 1.3× Target Hospitality Corp.). GCL Global Holdings Ltd runs the higher net margin — -5.2% vs -20.3%, a 15.2% gap on every dollar of revenue.
GCL Global Holdings Ltd is a leading clean energy enterprise focusing on R&D, production and operation of photovoltaic products, energy storage systems and low-carbon energy solutions. Its main markets cover Asia, Europe, North America, serving utility, commercial and residential distributed energy users across the globe.
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.
GCL vs TH — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $98.7M | $73.5M |
| Net Profit | $-5.1M | $-14.9M |
| Gross Margin | 11.0% | 9.6% |
| Operating Margin | -6.7% | -22.9% |
| Net Margin | -5.2% | -20.3% |
| Revenue YoY | — | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $-0.04 | $-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 | — | $73.5M | ||
| Q3 25 | $98.7M | $91.6M | ||
| Q2 25 | $142.1M | $54.9M | ||
| Q1 25 | — | $54.9M | ||
| Q4 24 | — | $60.2M | ||
| Q3 24 | $36.1M | $65.8M | ||
| Q2 24 | — | $67.5M | ||
| Q1 24 | — | $72.4M |
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $-5.1M | $-795.0K | ||
| Q2 25 | $5.6M | $-14.9M | ||
| Q1 25 | — | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $-1.9M | $20.0M | ||
| Q2 24 | — | $18.4M | ||
| Q1 24 | — | $20.4M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | 11.0% | 19.6% | ||
| Q2 25 | 15.0% | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | 16.2% | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
| Q4 25 | — | -22.9% | ||
| Q3 25 | -6.7% | 0.1% | ||
| Q2 25 | 2.3% | -30.8% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | 34.5% | ||
| Q3 24 | -5.6% | 42.5% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 42.0% |
| Q4 25 | — | -20.3% | ||
| Q3 25 | -5.2% | -0.9% | ||
| Q2 25 | 3.9% | -27.2% | ||
| Q1 25 | — | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | -5.2% | 30.4% | ||
| Q2 24 | — | 27.2% | ||
| Q1 24 | — | 28.2% |
| Q4 25 | — | $-0.14 | ||
| Q3 25 | $-0.04 | $-0.01 | ||
| Q2 25 | $0.05 | $-0.15 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | — | $0.12 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.18 | ||
| Q1 24 | — | $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 | $16.6M | $8.3M |
| Total DebtLower is stronger | $52.0M | $1.7M |
| Stockholders' EquityBook value | $33.1M | $389.3M |
| Total Assets | $159.9M | $530.2M |
| Debt / EquityLower = less leverage | 1.57× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.3M | ||
| Q3 25 | $16.6M | $30.4M | ||
| Q2 25 | $18.2M | $19.2M | ||
| Q1 25 | — | $34.5M | ||
| Q4 24 | — | $190.7M | ||
| Q3 24 | $2.7M | $177.7M | ||
| Q2 24 | — | $154.3M | ||
| Q1 24 | — | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | $52.0M | $2.0M | ||
| Q2 25 | $11.9M | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | — | $389.3M | ||
| Q3 25 | $33.1M | $402.4M | ||
| Q2 25 | $35.9M | $401.3M | ||
| Q1 25 | — | $415.3M | ||
| Q4 24 | — | $421.1M | ||
| Q3 24 | $15.9M | $417.6M | ||
| Q2 24 | — | $397.2M | ||
| Q1 24 | — | $375.5M |
| Q4 25 | — | $530.2M | ||
| Q3 25 | $159.9M | $541.2M | ||
| Q2 25 | $101.6M | $533.7M | ||
| Q1 25 | — | $562.5M | ||
| Q4 24 | — | $725.8M | ||
| Q3 24 | $49.6M | $709.8M | ||
| Q2 24 | — | $697.0M | ||
| Q1 24 | — | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | 1.57× | 0.01× | ||
| Q2 25 | 0.33× | 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 | $-4.8M | $5.7M |
| Free Cash FlowOCF − Capex | $-5.2M | — |
| FCF MarginFCF / Revenue | -5.3% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.7M | ||
| Q3 25 | $-4.8M | $53.4M | ||
| Q2 25 | $-10.3M | $11.1M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | — | $30.6M | ||
| Q3 24 | $6.1M | $31.4M | ||
| Q2 24 | — | $39.1M | ||
| Q1 24 | — | $50.6M |
| Q4 25 | — | — | ||
| Q3 25 | $-5.2M | — | ||
| Q2 25 | $-10.5M | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -5.3% | — | ||
| Q2 25 | -7.4% | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -1.84× | — | ||
| 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
GCL
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
