vs
Side-by-side financial comparison of ImmunityBio, Inc. (IBRX) 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 $38.3M, roughly 1.9× ImmunityBio, Inc.). Target Hospitality Corp. runs the higher net margin — -20.3% vs -161.8%, a 141.5% gap on every dollar of revenue. On growth, ImmunityBio, Inc. posted the faster year-over-year revenue change (407.0% vs 22.0%).
ImmunityBio, Inc. is a clinical-stage biotechnology company focused on developing next-generation immunotherapies and vaccine candidates targeting multiple cancer types and infectious diseases. It operates mainly in the U.S. market, with core R&D segments including cell therapy, antibody therapeutics, and targeted vaccine platforms designed to enhance patient treatment outcomes.
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.
IBRX vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.3M | $73.5M |
| Net Profit | $-61.9M | $-14.9M |
| Gross Margin | 99.0% | 9.6% |
| Operating Margin | -169.0% | -22.9% |
| Net Margin | -161.8% | -20.3% |
| Revenue YoY | 407.0% | 22.0% |
| Net Profit YoY | -4.7% | -219.1% |
| EPS (diluted) | $-0.06 | $-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 | $38.3M | $73.5M | ||
| Q3 25 | $32.1M | $91.6M | ||
| Q2 25 | $26.4M | $54.9M | ||
| Q1 25 | $16.5M | $54.9M | ||
| Q4 24 | $7.6M | $60.2M | ||
| Q3 24 | $6.1M | $65.8M | ||
| Q2 24 | — | $67.5M | ||
| Q1 24 | — | $72.4M |
| Q4 25 | $-61.9M | $-14.9M | ||
| Q3 25 | $-67.3M | $-795.0K | ||
| Q2 25 | $-92.6M | $-14.9M | ||
| Q1 25 | $-129.6M | $-6.5M | ||
| Q4 24 | $-59.2M | $12.5M | ||
| Q3 24 | $-85.7M | $20.0M | ||
| Q2 24 | — | $18.4M | ||
| Q1 24 | — | $20.4M |
| Q4 25 | 99.0% | 9.6% | ||
| Q3 25 | 99.4% | 19.6% | ||
| Q2 25 | 99.5% | -0.6% | ||
| Q1 25 | 99.6% | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
| Q4 25 | -169.0% | -22.9% | ||
| Q3 25 | -173.5% | 0.1% | ||
| Q2 25 | -269.8% | -30.8% | ||
| Q1 25 | -390.1% | -2.0% | ||
| Q4 24 | -919.0% | 34.5% | ||
| Q3 24 | -1314.3% | 42.5% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 42.0% |
| Q4 25 | -161.8% | -20.3% | ||
| Q3 25 | -209.8% | -0.9% | ||
| Q2 25 | -350.3% | -27.2% | ||
| Q1 25 | -784.9% | -11.8% | ||
| Q4 24 | -783.4% | 20.8% | ||
| Q3 24 | -1404.0% | 30.4% | ||
| Q2 24 | — | 27.2% | ||
| Q1 24 | — | 28.2% |
| Q4 25 | $-0.06 | $-0.14 | ||
| Q3 25 | $-0.07 | $-0.01 | ||
| Q2 25 | $-0.10 | $-0.15 | ||
| Q1 25 | $-0.15 | $-0.07 | ||
| Q4 24 | $-0.08 | $0.12 | ||
| Q3 24 | $-0.14 | $0.20 | ||
| Q2 24 | — | $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 | $242.8M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $-500.5M | $389.3M |
| Total Assets | $501.9M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $242.8M | $8.3M | ||
| Q3 25 | $257.8M | $30.4M | ||
| Q2 25 | $153.7M | $19.2M | ||
| Q1 25 | $61.6M | $34.5M | ||
| Q4 24 | $149.8M | $190.7M | ||
| Q3 24 | $130.4M | $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 | $-500.5M | $389.3M | ||
| Q3 25 | $-524.3M | $402.4M | ||
| Q2 25 | $-570.7M | $401.3M | ||
| Q1 25 | $-591.4M | $415.3M | ||
| Q4 24 | $-489.1M | $421.1M | ||
| Q3 24 | $-745.1M | $417.6M | ||
| Q2 24 | — | $397.2M | ||
| Q1 24 | — | $375.5M |
| Q4 25 | $501.9M | $530.2M | ||
| Q3 25 | $519.0M | $541.2M | ||
| Q2 25 | $402.1M | $533.7M | ||
| Q1 25 | $303.8M | $562.5M | ||
| Q4 24 | $382.9M | $725.8M | ||
| Q3 24 | $364.6M | $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 | $-70.4M | $5.7M |
| Free Cash FlowOCF − Capex | $-71.3M | — |
| FCF MarginFCF / Revenue | -186.2% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-308.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-70.4M | $5.7M | ||
| Q3 25 | $-68.9M | $53.4M | ||
| Q2 25 | $-79.7M | $11.1M | ||
| Q1 25 | $-85.9M | $3.9M | ||
| Q4 24 | $-85.1M | $30.6M | ||
| Q3 24 | $-98.8M | $31.4M | ||
| Q2 24 | — | $39.1M | ||
| Q1 24 | — | $50.6M |
| Q4 25 | $-71.3M | — | ||
| Q3 25 | $-69.6M | — | ||
| Q2 25 | $-80.8M | — | ||
| Q1 25 | $-87.0M | $-11.6M | ||
| Q4 24 | $-87.3M | — | ||
| Q3 24 | $-101.6M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -186.2% | — | ||
| Q3 25 | -217.2% | — | ||
| Q2 25 | -305.9% | — | ||
| Q1 25 | -526.9% | -21.1% | ||
| Q4 24 | -1155.4% | — | ||
| Q3 24 | -1663.2% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | 6.8% | 28.2% | ||
| Q4 24 | 28.0% | — | ||
| Q3 24 | 45.7% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 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
IBRX
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
