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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $73.5M, roughly 1.6× Target Hospitality Corp.). Hippo Holdings Inc. runs the higher net margin — 5.0% vs -20.3%, a 25.3% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 18.2%). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs 0.7%).
Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.
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.
HIPO vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.4M | $73.5M |
| Net Profit | $6.0M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 5.6% | -22.9% |
| Net Margin | 5.0% | -20.3% |
| Revenue YoY | 18.2% | 22.0% |
| Net Profit YoY | -86.4% | -219.1% |
| EPS (diluted) | $0.31 | $-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 | $120.4M | $73.5M | ||
| Q3 25 | $120.6M | $91.6M | ||
| Q2 25 | $117.3M | $54.9M | ||
| Q1 25 | $110.3M | $54.9M | ||
| Q4 24 | $101.9M | $60.2M | ||
| Q3 24 | $95.5M | $65.8M | ||
| Q2 24 | $89.6M | $67.5M | ||
| Q1 24 | $85.1M | $72.4M |
| Q4 25 | $6.0M | $-14.9M | ||
| Q3 25 | $98.1M | $-795.0K | ||
| Q2 25 | $1.3M | $-14.9M | ||
| Q1 25 | $-47.7M | $-6.5M | ||
| Q4 24 | $44.2M | $12.5M | ||
| Q3 24 | $-8.5M | $20.0M | ||
| Q2 24 | $-40.5M | $18.4M | ||
| Q1 24 | $-35.7M | $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 | 5.6% | -22.9% | ||
| Q3 25 | 81.3% | 0.1% | ||
| Q2 25 | 3.4% | -30.8% | ||
| Q1 25 | -41.3% | -2.0% | ||
| Q4 24 | 46.3% | 34.5% | ||
| Q3 24 | -5.4% | 42.5% | ||
| Q2 24 | -40.7% | 43.8% | ||
| Q1 24 | -38.7% | 42.0% |
| Q4 25 | 5.0% | -20.3% | ||
| Q3 25 | 81.3% | -0.9% | ||
| Q2 25 | 1.1% | -27.2% | ||
| Q1 25 | -43.2% | -11.8% | ||
| Q4 24 | 43.4% | 20.8% | ||
| Q3 24 | -8.9% | 30.4% | ||
| Q2 24 | -45.2% | 27.2% | ||
| Q1 24 | -42.0% | 28.2% |
| Q4 25 | $0.31 | $-0.14 | ||
| Q3 25 | $3.77 | $-0.01 | ||
| Q2 25 | $0.05 | $-0.15 | ||
| Q1 25 | $-1.91 | $-0.07 | ||
| Q4 24 | $1.81 | $0.12 | ||
| Q3 24 | $-0.34 | $0.20 | ||
| Q2 24 | $-1.64 | $0.18 | ||
| Q1 24 | $-1.47 | $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 | $218.3M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $436.1M | $389.3M |
| Total Assets | $1.9B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.3M | $8.3M | ||
| Q3 25 | $247.7M | $30.4M | ||
| Q2 25 | $198.9M | $19.2M | ||
| Q1 25 | $140.9M | $34.5M | ||
| Q4 24 | $197.6M | $190.7M | ||
| Q3 24 | $191.2M | $177.7M | ||
| Q2 24 | $175.9M | $154.3M | ||
| Q1 24 | $223.4M | $124.3M |
| 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 |
| Q4 25 | $436.1M | $389.3M | ||
| Q3 25 | $421.5M | $402.4M | ||
| Q2 25 | $332.5M | $401.3M | ||
| Q1 25 | $322.8M | $415.3M | ||
| Q4 24 | $362.1M | $421.1M | ||
| Q3 24 | $326.4M | $417.6M | ||
| Q2 24 | $322.6M | $397.2M | ||
| Q1 24 | $351.2M | $375.5M |
| Q4 25 | $1.9B | $530.2M | ||
| Q3 25 | $1.9B | $541.2M | ||
| Q2 25 | $1.7B | $533.7M | ||
| Q1 25 | $1.5B | $562.5M | ||
| Q4 24 | $1.5B | $725.8M | ||
| Q3 24 | $1.5B | $709.8M | ||
| Q2 24 | $1.5B | $697.0M | ||
| Q1 24 | $1.5B | $687.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.2M | $5.7M |
| Free Cash FlowOCF − Capex | $9.1M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 1.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.2M | $5.7M | ||
| Q3 25 | $16.9M | $53.4M | ||
| Q2 25 | $24.7M | $11.1M | ||
| Q1 25 | $-35.6M | $3.9M | ||
| Q4 24 | $47.5M | $30.6M | ||
| Q3 24 | $46.8M | $31.4M | ||
| Q2 24 | $-10.6M | $39.1M | ||
| Q1 24 | $17.7M | $50.6M |
| Q4 25 | $9.1M | — | ||
| Q3 25 | $16.8M | — | ||
| Q2 25 | $24.6M | — | ||
| Q1 25 | $-35.7M | $-11.6M | ||
| Q4 24 | $47.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-10.7M | — | ||
| Q1 24 | $17.6M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | 13.9% | — | ||
| Q2 25 | 21.0% | — | ||
| Q1 25 | -32.4% | -21.1% | ||
| Q4 24 | 46.3% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -11.9% | — | ||
| Q1 24 | 20.7% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | 28.2% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | 1.53× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 19.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.07× | 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
HIPO
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
