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Side-by-side financial comparison of iQSTEL Inc (IQST) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $73.5M, roughly 1.1× Target Hospitality Corp.). iQSTEL Inc runs the higher net margin — -3.2% vs -20.3%, a 17.1% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 0.7%).
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
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.
IQST vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $73.5M |
| Net Profit | $-2.7M | $-14.9M |
| Gross Margin | 3.5% | 9.6% |
| Operating Margin | -2.9% | -22.9% |
| Net Margin | -3.2% | -20.3% |
| Revenue YoY | -14.9% | 22.0% |
| Net Profit YoY | -44.5% | -219.1% |
| EPS (diluted) | $-0.92 | $-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 | $84.2M | $73.5M | ||
| Q3 25 | $102.9M | $91.6M | ||
| Q2 25 | $72.2M | $54.9M | ||
| Q1 25 | $57.6M | $54.9M | ||
| Q4 24 | $98.9M | $60.2M | ||
| Q3 24 | $54.2M | $65.8M | ||
| Q2 24 | $78.6M | $67.5M | ||
| Q1 24 | $51.4M | $72.4M |
| Q4 25 | $-2.7M | $-14.9M | ||
| Q3 25 | $-2.3M | $-795.0K | ||
| Q2 25 | $-2.3M | $-14.9M | ||
| Q1 25 | $-1.1M | $-6.5M | ||
| Q4 24 | $-1.9M | $12.5M | ||
| Q3 24 | $-773.0K | $20.0M | ||
| Q2 24 | $-2.0M | $18.4M | ||
| Q1 24 | $-580.2K | $20.4M |
| Q4 25 | 3.5% | 9.6% | ||
| Q3 25 | 2.7% | 19.6% | ||
| Q2 25 | 2.6% | -0.6% | ||
| Q1 25 | 3.4% | 32.7% | ||
| Q4 24 | 2.7% | 61.5% | ||
| Q3 24 | 3.7% | 68.7% | ||
| Q2 24 | 2.8% | 69.4% | ||
| Q1 24 | 2.7% | 67.8% |
| Q4 25 | -2.9% | -22.9% | ||
| Q3 25 | -0.5% | 0.1% | ||
| Q2 25 | -0.9% | -30.8% | ||
| Q1 25 | -1.0% | -2.0% | ||
| Q4 24 | -0.3% | 34.5% | ||
| Q3 24 | -0.1% | 42.5% | ||
| Q2 24 | -0.4% | 43.8% | ||
| Q1 24 | -0.4% | 42.0% |
| Q4 25 | -3.2% | -20.3% | ||
| Q3 25 | -2.3% | -0.9% | ||
| Q2 25 | -3.3% | -27.2% | ||
| Q1 25 | -2.0% | -11.8% | ||
| Q4 24 | -1.9% | 20.8% | ||
| Q3 24 | -1.4% | 30.4% | ||
| Q2 24 | -2.5% | 27.2% | ||
| Q1 24 | -1.1% | 28.2% |
| Q4 25 | $-0.92 | $-0.14 | ||
| Q3 25 | $-0.68 | $-0.01 | ||
| Q2 25 | $-0.82 | $-0.15 | ||
| Q1 25 | $-0.44 | $-0.07 | ||
| Q4 24 | $-1.19 | $0.12 | ||
| Q3 24 | $-0.40 | $0.20 | ||
| Q2 24 | $-0.90 | $0.18 | ||
| Q1 24 | $-0.37 | $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 | $2.2M | $8.3M |
| Total DebtLower is stronger | $4.1M | $1.7M |
| Stockholders' EquityBook value | $16.3M | $389.3M |
| Total Assets | $51.1M | $530.2M |
| Debt / EquityLower = less leverage | 0.25× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $8.3M | ||
| Q3 25 | $2.3M | $30.4M | ||
| Q2 25 | $2.0M | $19.2M | ||
| Q1 25 | $1.1M | $34.5M | ||
| Q4 24 | $2.5M | $190.7M | ||
| Q3 24 | $2.1M | $177.7M | ||
| Q2 24 | $797.2K | $154.3M | ||
| Q1 24 | $2.7M | $124.3M |
| Q4 25 | $4.1M | $1.7M | ||
| Q3 25 | $2.7M | $2.0M | ||
| Q2 25 | $4.5M | $26.3M | ||
| Q1 25 | $3.5M | $42.9M | ||
| Q4 24 | $2.5M | $1.5M | ||
| Q3 24 | $3.2M | $994.0K | ||
| Q2 24 | $2.5M | $1.1M | ||
| Q1 24 | $194.0K | $179.9M |
| Q4 25 | $16.3M | $389.3M | ||
| Q3 25 | $17.9M | $402.4M | ||
| Q2 25 | $14.3M | $401.3M | ||
| Q1 25 | $11.6M | $415.3M | ||
| Q4 24 | $11.9M | $421.1M | ||
| Q3 24 | $8.1M | $417.6M | ||
| Q2 24 | $7.6M | $397.2M | ||
| Q1 24 | $8.4M | $375.5M |
| Q4 25 | $51.1M | $530.2M | ||
| Q3 25 | $46.9M | $541.2M | ||
| Q2 25 | $51.4M | $533.7M | ||
| Q1 25 | $42.0M | $562.5M | ||
| Q4 24 | $79.0M | $725.8M | ||
| Q3 24 | $32.4M | $709.8M | ||
| Q2 24 | $30.0M | $697.0M | ||
| Q1 24 | $22.1M | $687.2M |
| Q4 25 | 0.25× | 0.00× | ||
| Q3 25 | 0.15× | 0.01× | ||
| Q2 25 | 0.31× | 0.07× | ||
| Q1 25 | 0.31× | 0.10× | ||
| Q4 24 | 0.21× | 0.00× | ||
| Q3 24 | 0.40× | 0.00× | ||
| Q2 24 | 0.34× | 0.00× | ||
| Q1 24 | 0.02× | 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 | $-1.2M | $5.7M |
| Free Cash FlowOCF − Capex | $-1.2M | — |
| FCF MarginFCF / Revenue | -1.5% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $5.7M | ||
| Q3 25 | $-953.0K | $53.4M | ||
| Q2 25 | $257.7K | $11.1M | ||
| Q1 25 | $-1.9M | $3.9M | ||
| Q4 24 | $-403.7K | $30.6M | ||
| Q3 24 | $625.0K | $31.4M | ||
| Q2 24 | $-2.6M | $39.1M | ||
| Q1 24 | $-536.9K | $50.6M |
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $-969.2K | — | ||
| Q2 25 | $211.7K | — | ||
| Q1 25 | $-2.0M | $-11.6M | ||
| Q4 24 | $-421.3K | — | ||
| Q3 24 | $594.5K | — | ||
| Q2 24 | $-2.6M | — | ||
| Q1 24 | $-608.5K | — |
| Q4 25 | -1.5% | — | ||
| Q3 25 | -0.9% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | -3.4% | -21.1% | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | -3.4% | — | ||
| Q1 24 | -1.2% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | 28.2% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.1% | — |
| 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
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
