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Side-by-side financial comparison of HANMI FINANCIAL CORP (HAFC) 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 $71.2M, roughly 1.0× HANMI FINANCIAL CORP). HANMI FINANCIAL CORP runs the higher net margin — 29.8% vs -20.3%, a 50.2% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 17.1%). Over the past eight quarters, HANMI FINANCIAL CORP's revenue compounded faster (10.4% CAGR vs 0.7%).

Hanmi Bank Corporation is a community bank headquartered in Los Angeles, California, with 35 branches and eight loan production offices in California, Texas, Illinois, New York, New Jersey and Virginia.

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.

HAFC vs TH — Head-to-Head

Bigger by revenue
TH
TH
1.0× larger
TH
$73.5M
$71.2M
HAFC
Growing faster (revenue YoY)
TH
TH
+4.9% gap
TH
22.0%
17.1%
HAFC
Higher net margin
HAFC
HAFC
50.2% more per $
HAFC
29.8%
-20.3%
TH
Faster 2-yr revenue CAGR
HAFC
HAFC
Annualised
HAFC
10.4%
0.7%
TH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HAFC
HAFC
TH
TH
Revenue
$71.2M
$73.5M
Net Profit
$21.2M
$-14.9M
Gross Margin
9.6%
Operating Margin
29.8%
-22.9%
Net Margin
29.8%
-20.3%
Revenue YoY
17.1%
22.0%
Net Profit YoY
20.0%
-219.1%
EPS (diluted)
$0.70
$-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
HAFC
HAFC
TH
TH
Q4 25
$71.2M
$73.5M
Q3 25
$71.0M
$91.6M
Q2 25
$65.2M
$54.9M
Q1 25
$62.8M
$54.9M
Q4 24
$60.8M
$60.2M
Q3 24
$58.5M
$65.8M
Q2 24
$56.7M
$67.5M
Q1 24
$58.4M
$72.4M
Net Profit
HAFC
HAFC
TH
TH
Q4 25
$21.2M
$-14.9M
Q3 25
$22.1M
$-795.0K
Q2 25
$15.1M
$-14.9M
Q1 25
$17.7M
$-6.5M
Q4 24
$17.7M
$12.5M
Q3 24
$14.9M
$20.0M
Q2 24
$14.5M
$18.4M
Q1 24
$15.2M
$20.4M
Gross Margin
HAFC
HAFC
TH
TH
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%
Operating Margin
HAFC
HAFC
TH
TH
Q4 25
29.8%
-22.9%
Q3 25
31.1%
0.1%
Q2 25
23.2%
-30.8%
Q1 25
28.1%
-2.0%
Q4 24
29.1%
34.5%
Q3 24
25.5%
42.5%
Q2 24
25.5%
43.8%
Q1 24
26.0%
42.0%
Net Margin
HAFC
HAFC
TH
TH
Q4 25
29.8%
-20.3%
Q3 25
31.1%
-0.9%
Q2 25
23.2%
-27.2%
Q1 25
28.1%
-11.8%
Q4 24
29.1%
20.8%
Q3 24
25.5%
30.4%
Q2 24
25.5%
27.2%
Q1 24
26.0%
28.2%
EPS (diluted)
HAFC
HAFC
TH
TH
Q4 25
$0.70
$-0.14
Q3 25
$0.73
$-0.01
Q2 25
$0.50
$-0.15
Q1 25
$0.58
$-0.07
Q4 24
$0.58
$0.12
Q3 24
$0.49
$0.20
Q2 24
$0.48
$0.18
Q1 24
$0.50
$0.20

Balance Sheet & Financial Strength

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

Metric
HAFC
HAFC
TH
TH
Cash + ST InvestmentsLiquidity on hand
$8.3M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$796.4M
$389.3M
Total Assets
$7.9B
$530.2M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HAFC
HAFC
TH
TH
Q4 25
$8.3M
Q3 25
$30.4M
Q2 25
$19.2M
Q1 25
$34.5M
Q4 24
$190.7M
Q3 24
$177.7M
Q2 24
$154.3M
Q1 24
$124.3M
Total Debt
HAFC
HAFC
TH
TH
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
Stockholders' Equity
HAFC
HAFC
TH
TH
Q4 25
$796.4M
$389.3M
Q3 25
$779.5M
$402.4M
Q2 25
$762.8M
$401.3M
Q1 25
$751.5M
$415.3M
Q4 24
$732.2M
$421.1M
Q3 24
$736.7M
$417.6M
Q2 24
$707.1M
$397.2M
Q1 24
$703.1M
$375.5M
Total Assets
HAFC
HAFC
TH
TH
Q4 25
$7.9B
$530.2M
Q3 25
$7.9B
$541.2M
Q2 25
$7.9B
$533.7M
Q1 25
$7.7B
$562.5M
Q4 24
$7.7B
$725.8M
Q3 24
$7.7B
$709.8M
Q2 24
$7.6B
$697.0M
Q1 24
$7.5B
$687.2M
Debt / Equity
HAFC
HAFC
TH
TH
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
HAFC
HAFC
TH
TH
Operating Cash FlowLast quarter
$206.0M
$5.7M
Free Cash FlowOCF − Capex
$203.7M
FCF MarginFCF / Revenue
286.2%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
9.70×
TTM Free Cash FlowTrailing 4 quarters
$356.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HAFC
HAFC
TH
TH
Q4 25
$206.0M
$5.7M
Q3 25
$146.9M
$53.4M
Q2 25
$-19.0M
$11.1M
Q1 25
$25.8M
$3.9M
Q4 24
$52.6M
$30.6M
Q3 24
$6.7M
$31.4M
Q2 24
$2.1M
$39.1M
Q1 24
$30.0M
$50.6M
Free Cash Flow
HAFC
HAFC
TH
TH
Q4 25
$203.7M
Q3 25
$146.4M
Q2 25
$-19.6M
Q1 25
$25.6M
$-11.6M
Q4 24
$49.9M
Q3 24
$6.5M
Q2 24
$1.3M
Q1 24
$29.2M
FCF Margin
HAFC
HAFC
TH
TH
Q4 25
286.2%
Q3 25
206.3%
Q2 25
-30.0%
Q1 25
40.7%
-21.1%
Q4 24
82.1%
Q3 24
11.1%
Q2 24
2.3%
Q1 24
50.0%
Capex Intensity
HAFC
HAFC
TH
TH
Q4 25
3.2%
Q3 25
0.8%
Q2 25
0.9%
Q1 25
0.4%
28.2%
Q4 24
4.3%
Q3 24
0.4%
Q2 24
1.4%
Q1 24
1.4%
Cash Conversion
HAFC
HAFC
TH
TH
Q4 25
9.70×
Q3 25
6.66×
Q2 25
-1.26×
Q1 25
1.46×
Q4 24
2.97×
2.44×
Q3 24
0.45×
1.57×
Q2 24
0.14×
2.13×
Q1 24
1.98×
2.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HAFC
HAFC

Segment breakdown not available.

TH
TH

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

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