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Side-by-side financial comparison of Grindr Inc. (GRND) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Grindr Inc. is the larger business by last-quarter revenue ($126.0M vs $73.5M, roughly 1.7× Target Hospitality Corp.). Grindr Inc. runs the higher net margin — 16.1% vs -20.3%, a 36.4% gap on every dollar of revenue. On growth, Grindr Inc. posted the faster year-over-year revenue change (29.0% vs 22.0%). Over the past eight quarters, Grindr Inc.'s revenue compounded faster (29.3% CAGR vs 0.7%).
Grindr is a location-based social networking and online hookup application for LGBTQ people.
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.
GRND vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $126.0M | $73.5M |
| Net Profit | $20.3M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 24.9% | -22.9% |
| Net Margin | 16.1% | -20.3% |
| Revenue YoY | 29.0% | 22.0% |
| Net Profit YoY | 116.4% | -219.1% |
| EPS (diluted) | $0.10 | $-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 | $126.0M | $73.5M | ||
| Q3 25 | $115.8M | $91.6M | ||
| Q2 25 | $104.2M | $54.9M | ||
| Q1 25 | $93.9M | $54.9M | ||
| Q4 24 | $97.6M | $60.2M | ||
| Q3 24 | $89.3M | $65.8M | ||
| Q2 24 | $82.3M | $67.5M | ||
| Q1 24 | $75.3M | $72.4M |
| Q4 25 | $20.3M | $-14.9M | ||
| Q3 25 | $30.8M | $-795.0K | ||
| Q2 25 | $16.6M | $-14.9M | ||
| Q1 25 | $27.0M | $-6.5M | ||
| Q4 24 | $-123.9M | $12.5M | ||
| Q3 24 | $24.7M | $20.0M | ||
| Q2 24 | $-22.4M | $18.4M | ||
| Q1 24 | $-9.4M | $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 | 24.9% | -22.9% | ||
| Q3 25 | 39.1% | 0.1% | ||
| Q2 25 | 23.4% | -30.8% | ||
| Q1 25 | 27.0% | -2.0% | ||
| Q4 24 | 20.9% | 34.5% | ||
| Q3 24 | 31.8% | 42.5% | ||
| Q2 24 | 29.8% | 43.8% | ||
| Q1 24 | 25.6% | 42.0% |
| Q4 25 | 16.1% | -20.3% | ||
| Q3 25 | 26.6% | -0.9% | ||
| Q2 25 | 16.0% | -27.2% | ||
| Q1 25 | 28.8% | -11.8% | ||
| Q4 24 | -126.9% | 20.8% | ||
| Q3 24 | 27.6% | 30.4% | ||
| Q2 24 | -27.2% | 27.2% | ||
| Q1 24 | -12.5% | 28.2% |
| Q4 25 | $0.10 | $-0.14 | ||
| Q3 25 | $0.16 | $-0.01 | ||
| Q2 25 | $0.08 | $-0.15 | ||
| Q1 25 | $0.09 | $-0.07 | ||
| Q4 24 | $-0.65 | $0.12 | ||
| Q3 24 | $0.09 | $0.20 | ||
| Q2 24 | $-0.13 | $0.18 | ||
| Q1 24 | $-0.05 | $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 | $87.0M | $8.3M |
| Total DebtLower is stronger | $395.9M | $1.7M |
| Stockholders' EquityBook value | $47.0M | $389.3M |
| Total Assets | $531.0M | $530.2M |
| Debt / EquityLower = less leverage | 8.42× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.0M | $8.3M | ||
| Q3 25 | $6.3M | $30.4M | ||
| Q2 25 | $120.8M | $19.2M | ||
| Q1 25 | $255.9M | $34.5M | ||
| Q4 24 | $59.2M | $190.7M | ||
| Q3 24 | $39.1M | $177.7M | ||
| Q2 24 | $16.3M | $154.3M | ||
| Q1 24 | $21.5M | $124.3M |
| Q4 25 | $395.9M | $1.7M | ||
| Q3 25 | $279.9M | $2.0M | ||
| Q2 25 | $283.5M | $26.3M | ||
| Q1 25 | $287.0M | $42.9M | ||
| Q4 24 | $290.6M | $1.5M | ||
| Q3 24 | $294.1M | $994.0K | ||
| Q2 24 | $297.7M | $1.1M | ||
| Q1 24 | $315.0M | $179.9M |
| Q4 25 | $47.0M | $389.3M | ||
| Q3 25 | $71.0M | $402.4M | ||
| Q2 25 | $187.7M | $401.3M | ||
| Q1 25 | $319.8M | $415.3M | ||
| Q4 24 | $-131.6M | $421.1M | ||
| Q3 24 | $-13.4M | $417.6M | ||
| Q2 24 | $-41.7M | $397.2M | ||
| Q1 24 | $-22.0M | $375.5M |
| Q4 25 | $531.0M | $530.2M | ||
| Q3 25 | $439.2M | $541.2M | ||
| Q2 25 | $547.6M | $533.7M | ||
| Q1 25 | $679.4M | $562.5M | ||
| Q4 24 | $479.1M | $725.8M | ||
| Q3 24 | $456.3M | $709.8M | ||
| Q2 24 | $435.0M | $697.0M | ||
| Q1 24 | $437.7M | $687.2M |
| Q4 25 | 8.42× | 0.00× | ||
| Q3 25 | 3.94× | 0.01× | ||
| Q2 25 | 1.51× | 0.07× | ||
| Q1 25 | 0.90× | 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 | $24.8M | $5.7M |
| Free Cash FlowOCF − Capex | $24.5M | — |
| FCF MarginFCF / Revenue | 19.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 1.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | $140.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $5.7M | ||
| Q3 25 | $55.4M | $53.4M | ||
| Q2 25 | $37.5M | $11.1M | ||
| Q1 25 | $23.8M | $3.9M | ||
| Q4 24 | $29.5M | $30.6M | ||
| Q3 24 | $29.1M | $31.4M | ||
| Q2 24 | $15.8M | $39.1M | ||
| Q1 24 | $20.4M | $50.6M |
| Q4 25 | $24.5M | — | ||
| Q3 25 | $55.2M | — | ||
| Q2 25 | $37.3M | — | ||
| Q1 25 | $23.7M | $-11.6M | ||
| Q4 24 | $29.3M | — | ||
| Q3 24 | $28.8M | — | ||
| Q2 24 | $15.7M | — | ||
| Q1 24 | $20.3M | — |
| Q4 25 | 19.5% | — | ||
| Q3 25 | 47.7% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 25.2% | -21.1% | ||
| Q4 24 | 30.0% | — | ||
| Q3 24 | 32.2% | — | ||
| Q2 24 | 19.0% | — | ||
| Q1 24 | 26.9% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.1% | 28.2% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 1.22× | — | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 2.25× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 1.18× | 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
GRND
| License And Service | $102.9M | 82% |
| Advertising | $23.1M | 18% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
