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Side-by-side financial comparison of Honest Company, Inc. (HNST) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Honest Company, Inc. is the larger business by last-quarter revenue ($78.1M vs $73.5M, roughly 1.1× Target Hospitality Corp.). On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -19.7%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -8.4%).
The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...
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.
HNST vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.1M | $73.5M |
| Net Profit | — | $-14.9M |
| Gross Margin | 42.6% | 9.6% |
| Operating Margin | 56.6% | -22.9% |
| Net Margin | — | -20.3% |
| Revenue YoY | -19.7% | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $0.00 | $-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.
| Q1 26 | $78.1M | — | ||
| Q4 25 | $88.0M | $73.5M | ||
| Q3 25 | $92.6M | $91.6M | ||
| Q2 25 | $93.5M | $54.9M | ||
| Q1 25 | $97.3M | $54.9M | ||
| Q4 24 | $99.8M | $60.2M | ||
| Q3 24 | $99.2M | $65.8M | ||
| Q2 24 | $93.0M | $67.5M |
| Q1 26 | — | — | ||
| Q4 25 | $-23.6M | $-14.9M | ||
| Q3 25 | $758.0K | $-795.0K | ||
| Q2 25 | $3.9M | $-14.9M | ||
| Q1 25 | $3.3M | $-6.5M | ||
| Q4 24 | $-809.0K | $12.5M | ||
| Q3 24 | $165.0K | $20.0M | ||
| Q2 24 | $-4.1M | $18.4M |
| Q1 26 | 42.6% | — | ||
| Q4 25 | 15.7% | 9.6% | ||
| Q3 25 | 37.3% | 19.6% | ||
| Q2 25 | 40.4% | -0.6% | ||
| Q1 25 | 38.7% | 32.7% | ||
| Q4 24 | 38.8% | 61.5% | ||
| Q3 24 | 38.7% | 68.7% | ||
| Q2 24 | 38.3% | 69.4% |
| Q1 26 | 56.6% | — | ||
| Q4 25 | -27.5% | -22.9% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 3.1% | -30.8% | ||
| Q1 25 | 2.6% | -2.0% | ||
| Q4 24 | -1.0% | 34.5% | ||
| Q3 24 | 0.1% | 42.5% | ||
| Q2 24 | -4.3% | 43.8% |
| Q1 26 | — | — | ||
| Q4 25 | -26.8% | -20.3% | ||
| Q3 25 | 0.8% | -0.9% | ||
| Q2 25 | 4.1% | -27.2% | ||
| Q1 25 | 3.3% | -11.8% | ||
| Q4 24 | -0.8% | 20.8% | ||
| Q3 24 | 0.2% | 30.4% | ||
| Q2 24 | -4.4% | 27.2% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $-0.21 | $-0.14 | ||
| Q3 25 | $0.01 | $-0.01 | ||
| Q2 25 | $0.03 | $-0.15 | ||
| Q1 25 | $0.03 | $-0.07 | ||
| Q4 24 | $-0.01 | $0.12 | ||
| Q3 24 | $0.00 | $0.20 | ||
| Q2 24 | $-0.04 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $90.4M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $169.1M | $389.3M |
| Total Assets | $214.9M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $90.4M | — | ||
| Q4 25 | $89.6M | $8.3M | ||
| Q3 25 | $71.5M | $30.4M | ||
| Q2 25 | $72.1M | $19.2M | ||
| Q1 25 | $72.8M | $34.5M | ||
| Q4 24 | $75.4M | $190.7M | ||
| Q3 24 | $53.4M | $177.7M | ||
| Q2 24 | $36.6M | $154.3M |
| Q1 26 | — | — | ||
| 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 26 | $169.1M | — | ||
| Q4 25 | $169.7M | $389.3M | ||
| Q3 25 | $190.2M | $402.4M | ||
| Q2 25 | $187.0M | $401.3M | ||
| Q1 25 | $180.4M | $415.3M | ||
| Q4 24 | $174.3M | $421.1M | ||
| Q3 24 | $133.9M | $417.6M | ||
| Q2 24 | $129.7M | $397.2M |
| Q1 26 | $214.9M | — | ||
| Q4 25 | $225.4M | $530.2M | ||
| Q3 25 | $241.5M | $541.2M | ||
| Q2 25 | $249.0M | $533.7M | ||
| Q1 25 | $265.3M | $562.5M | ||
| Q4 24 | $247.4M | $725.8M | ||
| Q3 24 | $209.2M | $709.8M | ||
| Q2 24 | $200.2M | $697.0M |
| Q1 26 | — | — | ||
| 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× |
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 | — | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $19.3M | $5.7M | ||
| Q3 25 | $-504.0K | $53.4M | ||
| Q2 25 | $-745.0K | $11.1M | ||
| Q1 25 | $-2.9M | $3.9M | ||
| Q4 24 | $-16.8M | $30.6M | ||
| Q3 24 | $15.1M | $31.4M | ||
| Q2 24 | $2.9M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | $18.1M | — | ||
| Q3 25 | $-624.0K | — | ||
| Q2 25 | $-826.0K | — | ||
| Q1 25 | $-3.0M | $-11.6M | ||
| Q4 24 | $-17.2M | — | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $2.9M | — |
| Q1 26 | — | — | ||
| Q4 25 | 20.5% | — | ||
| Q3 25 | -0.7% | — | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | -3.1% | -21.1% | ||
| Q4 24 | -17.2% | — | ||
| Q3 24 | 15.1% | — | ||
| Q2 24 | 3.1% | — |
| Q1 26 | 0.6% | — | ||
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | 28.2% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -0.66× | — | ||
| Q2 25 | -0.19× | — | ||
| Q1 25 | -0.90× | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 91.42× | 1.57× | ||
| Q2 24 | — | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HNST
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
