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Side-by-side financial comparison of HIVE Digital Technologies Ltd. (HIVE) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
HIVE Digital Technologies Ltd. is the larger business by last-quarter revenue ($93.1M vs $73.5M, roughly 1.3× Target Hospitality Corp.). Target Hospitality Corp. runs the higher net margin — -20.3% vs -98.1%, a 77.7% gap on every dollar of revenue. On growth, HIVE Digital Technologies Ltd. posted the faster year-over-year revenue change (218.6% vs 22.0%). Over the past eight quarters, HIVE Digital Technologies Ltd.'s revenue compounded faster (102.2% CAGR vs 0.7%).
Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.
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.
HIVE vs TH — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.1M | $73.5M |
| Net Profit | $-91.3M | $-14.9M |
| Gross Margin | -27.1% | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | -98.1% | -20.3% |
| Revenue YoY | 218.6% | 22.0% |
| Net Profit YoY | -234.0% | -219.1% |
| EPS (diluted) | $-0.38 | $-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 | $93.1M | $73.5M | ||
| Q3 25 | $87.3M | $91.6M | ||
| Q2 25 | $45.6M | $54.9M | ||
| Q1 25 | — | $54.9M | ||
| Q4 24 | $29.2M | $60.2M | ||
| Q3 24 | $22.6M | $65.8M | ||
| Q2 24 | $32.2M | $67.5M | ||
| Q1 24 | — | $72.4M |
| Q4 25 | $-91.3M | $-14.9M | ||
| Q3 25 | $-15.8M | $-795.0K | ||
| Q2 25 | $35.0M | $-14.9M | ||
| Q1 25 | — | $-6.5M | ||
| Q4 24 | $68.2M | $12.5M | ||
| Q3 24 | $80.0K | $20.0M | ||
| Q2 24 | $-18.3M | $18.4M | ||
| Q1 24 | — | $20.4M |
| Q4 25 | -27.1% | 9.6% | ||
| Q3 25 | 4.7% | 19.6% | ||
| Q2 25 | -13.6% | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | -43.7% | 61.5% | ||
| Q3 24 | -66.1% | 68.7% | ||
| Q2 24 | -7.4% | 69.4% | ||
| Q1 24 | — | 67.8% |
| Q4 25 | — | -22.9% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | -30.8% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | 34.5% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 42.0% |
| Q4 25 | -98.1% | -20.3% | ||
| Q3 25 | -18.1% | -0.9% | ||
| Q2 25 | 76.8% | -27.2% | ||
| Q1 25 | — | -11.8% | ||
| Q4 24 | 233.2% | 20.8% | ||
| Q3 24 | 0.4% | 30.4% | ||
| Q2 24 | -56.7% | 27.2% | ||
| Q1 24 | — | 28.2% |
| Q4 25 | $-0.38 | $-0.14 | ||
| Q3 25 | $-0.07 | $-0.01 | ||
| Q2 25 | $0.18 | $-0.15 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | $0.52 | $0.12 | ||
| Q3 24 | $0.00 | $0.20 | ||
| Q2 24 | $-0.17 | $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 | — | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $559.3M | $389.3M |
| Total Assets | $624.0M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.3M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | — | $34.5M | ||
| Q4 24 | $40.5M | $190.7M | ||
| Q3 24 | $31.7M | $177.7M | ||
| Q2 24 | — | $154.3M | ||
| Q1 24 | — | $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 | $559.3M | $389.3M | ||
| Q3 25 | $624.6M | $402.4M | ||
| Q2 25 | $560.5M | $401.3M | ||
| Q1 25 | — | $415.3M | ||
| Q4 24 | $430.9M | $421.1M | ||
| Q3 24 | $275.5M | $417.6M | ||
| Q2 24 | $268.6M | $397.2M | ||
| Q1 24 | — | $375.5M |
| Q4 25 | $624.0M | $530.2M | ||
| Q3 25 | $693.0M | $541.2M | ||
| Q2 25 | $628.7M | $533.7M | ||
| Q1 25 | — | $562.5M | ||
| Q4 24 | $478.6M | $725.8M | ||
| Q3 24 | $334.7M | $709.8M | ||
| Q2 24 | — | $697.0M | ||
| Q1 24 | — | $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 | $46.0M | $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.
| Q4 25 | $46.0M | $5.7M | ||
| Q3 25 | $-10.6M | $53.4M | ||
| Q2 25 | $10.2M | $11.1M | ||
| Q1 25 | — | $3.9M | ||
| Q4 24 | $-28.5M | $30.6M | ||
| Q3 24 | $-2.2M | $31.4M | ||
| Q2 24 | $-4.4M | $39.1M | ||
| Q1 24 | — | $50.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | $-55.5M | — | ||
| Q3 24 | $-34.7M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | -189.9% | — | ||
| Q3 24 | -153.4% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | 92.5% | — | ||
| Q3 24 | 143.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.42× | 2.44× | ||
| Q3 24 | -26.94× | 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
HIVE
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
