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Side-by-side financial comparison of InvenTrust Properties Corp. (IVT) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
InvenTrust Properties Corp. is the larger business by last-quarter revenue ($77.4M vs $73.5M, roughly 1.1× Target Hospitality Corp.). InvenTrust Properties Corp. runs the higher net margin — 3.4% vs -20.3%, a 23.8% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 8.6%). Over the past eight quarters, InvenTrust Properties Corp.'s revenue compounded faster (7.6% CAGR vs 0.7%).
InvenTrust Properties Corp. is a real estate investment trust that invests in shopping malls. As of December 31, 2024, the company owned interests in 68 properties comprising 11.0 million square feet.
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.
IVT vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $77.4M | $73.5M |
| Net Profit | $2.7M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | -11.0% | -22.9% |
| Net Margin | 3.4% | -20.3% |
| Revenue YoY | 8.6% | 22.0% |
| Net Profit YoY | -72.8% | -219.1% |
| EPS (diluted) | $0.02 | $-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 | $77.4M | $73.5M | ||
| Q3 25 | $74.5M | $91.6M | ||
| Q2 25 | $73.6M | $54.9M | ||
| Q1 25 | $73.8M | $54.9M | ||
| Q4 24 | $71.2M | $60.2M | ||
| Q3 24 | $68.5M | $65.8M | ||
| Q2 24 | $67.4M | $67.5M | ||
| Q1 24 | $66.8M | $72.4M |
| Q4 25 | $2.7M | $-14.9M | ||
| Q3 25 | $6.0M | $-795.0K | ||
| Q2 25 | $95.9M | $-14.9M | ||
| Q1 25 | $6.8M | $-6.5M | ||
| Q4 24 | $9.8M | $12.5M | ||
| Q3 24 | $-539.0K | $20.0M | ||
| Q2 24 | $1.5M | $18.4M | ||
| Q1 24 | $2.9M | $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 | -11.0% | -22.9% | ||
| Q3 25 | -9.8% | 0.1% | ||
| Q2 25 | — | -30.8% | ||
| Q1 25 | -10.5% | -2.0% | ||
| Q4 24 | -3.6% | 34.5% | ||
| Q3 24 | -18.7% | 42.5% | ||
| Q2 24 | -13.6% | 43.8% | ||
| Q1 24 | -13.1% | 42.0% |
| Q4 25 | 3.4% | -20.3% | ||
| Q3 25 | 8.1% | -0.9% | ||
| Q2 25 | 130.4% | -27.2% | ||
| Q1 25 | 9.2% | -11.8% | ||
| Q4 24 | 13.8% | 20.8% | ||
| Q3 24 | -0.8% | 30.4% | ||
| Q2 24 | 2.2% | 27.2% | ||
| Q1 24 | 4.3% | 28.2% |
| Q4 25 | $0.02 | $-0.14 | ||
| Q3 25 | $0.08 | $-0.01 | ||
| Q2 25 | $1.23 | $-0.15 | ||
| Q1 25 | $0.09 | $-0.07 | ||
| Q4 24 | $0.14 | $0.12 | ||
| Q3 24 | $-0.01 | $0.20 | ||
| Q2 24 | $0.02 | $0.18 | ||
| Q1 24 | $0.04 | $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 | $825.9M | $1.7M |
| Stockholders' EquityBook value | $1.8B | $389.3M |
| Total Assets | $2.8B | $530.2M |
| Debt / EquityLower = less leverage | 0.46× | 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 | — | $190.7M | ||
| Q3 24 | — | $177.7M | ||
| Q2 24 | — | $154.3M | ||
| Q1 24 | — | $124.3M |
| Q4 25 | $825.9M | $1.7M | ||
| Q3 25 | $764.6M | $2.0M | ||
| Q2 25 | $746.3M | $26.3M | ||
| Q1 25 | $740.7M | $42.9M | ||
| Q4 24 | $740.4M | $1.5M | ||
| Q3 24 | $740.1M | $994.0K | ||
| Q2 24 | $812.2M | $1.1M | ||
| Q1 24 | $827.5M | $179.9M |
| Q4 25 | $1.8B | $389.3M | ||
| Q3 25 | $1.8B | $402.4M | ||
| Q2 25 | $1.8B | $401.3M | ||
| Q1 25 | $1.7B | $415.3M | ||
| Q4 24 | $1.8B | $421.1M | ||
| Q3 24 | $1.8B | $417.6M | ||
| Q2 24 | $1.5B | $397.2M | ||
| Q1 24 | $1.5B | $375.5M |
| Q4 25 | $2.8B | $530.2M | ||
| Q3 25 | $2.7B | $541.2M | ||
| Q2 25 | $2.7B | $533.7M | ||
| Q1 25 | $2.6B | $562.5M | ||
| Q4 24 | $2.6B | $725.8M | ||
| Q3 24 | $2.6B | $709.8M | ||
| Q2 24 | $2.5B | $697.0M | ||
| Q1 24 | $2.5B | $687.2M |
| Q4 25 | 0.46× | 0.00× | ||
| Q3 25 | 0.42× | 0.01× | ||
| Q2 25 | 0.41× | 0.07× | ||
| Q1 25 | 0.42× | 0.10× | ||
| Q4 24 | 0.42× | 0.00× | ||
| Q3 24 | 0.42× | 0.00× | ||
| Q2 24 | 0.53× | 0.00× | ||
| Q1 24 | 0.53× | 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 | $155.4M | $5.7M |
| Free Cash FlowOCF − Capex | $110.9M | — |
| FCF MarginFCF / Revenue | 143.3% | — |
| Capex IntensityCapex / Revenue | 57.5% | — |
| Cash ConversionOCF / Net Profit | 58.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $193.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.4M | $5.7M | ||
| Q3 25 | $43.8M | $53.4M | ||
| Q2 25 | $48.7M | $11.1M | ||
| Q1 25 | $20.2M | $3.9M | ||
| Q4 24 | $136.9M | $30.6M | ||
| Q3 24 | $38.4M | $31.4M | ||
| Q2 24 | $46.7M | $39.1M | ||
| Q1 24 | $14.8M | $50.6M |
| Q4 25 | $110.9M | — | ||
| Q3 25 | $31.4M | — | ||
| Q2 25 | $38.0M | — | ||
| Q1 25 | $12.8M | $-11.6M | ||
| Q4 24 | $100.8M | — | ||
| Q3 24 | $29.3M | — | ||
| Q2 24 | $37.2M | — | ||
| Q1 24 | $7.7M | — |
| Q4 25 | 143.3% | — | ||
| Q3 25 | 42.2% | — | ||
| Q2 25 | 51.6% | — | ||
| Q1 25 | 17.4% | -21.1% | ||
| Q4 24 | 141.5% | — | ||
| Q3 24 | 42.8% | — | ||
| Q2 24 | 55.2% | — | ||
| Q1 24 | 11.5% | — |
| Q4 25 | 57.5% | — | ||
| Q3 25 | 16.7% | — | ||
| Q2 25 | 14.6% | — | ||
| Q1 25 | 10.0% | 28.2% | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 13.3% | — | ||
| Q2 24 | 14.0% | — | ||
| Q1 24 | 10.6% | — |
| Q4 25 | 58.41× | — | ||
| Q3 25 | 7.27× | — | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 2.97× | — | ||
| Q4 24 | 13.97× | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | 31.15× | 2.13× | ||
| Q1 24 | 5.10× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVT
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
