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Side-by-side financial comparison of LifeMD, Inc. (LFMD) 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 $60.2M, roughly 1.2× LifeMD, Inc.). LifeMD, Inc. runs the higher net margin — -6.3% vs -20.3%, a 14.0% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 13.0%). Over the past eight quarters, LifeMD, Inc.'s revenue compounded faster (24.8% CAGR vs 0.7%).

SBI Life Insurance Company Limited is an Indian life insurance company. It was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif.

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.

LFMD vs TH — Head-to-Head

Bigger by revenue
TH
TH
1.2× larger
TH
$73.5M
$60.2M
LFMD
Growing faster (revenue YoY)
TH
TH
+9.0% gap
TH
22.0%
13.0%
LFMD
Higher net margin
LFMD
LFMD
14.0% more per $
LFMD
-6.3%
-20.3%
TH
Faster 2-yr revenue CAGR
LFMD
LFMD
Annualised
LFMD
24.8%
0.7%
TH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LFMD
LFMD
TH
TH
Revenue
$60.2M
$73.5M
Net Profit
$-3.8M
$-14.9M
Gross Margin
87.7%
9.6%
Operating Margin
-3.3%
-22.9%
Net Margin
-6.3%
-20.3%
Revenue YoY
13.0%
22.0%
Net Profit YoY
18.3%
-219.1%
EPS (diluted)
$-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.

Revenue
LFMD
LFMD
TH
TH
Q4 25
$73.5M
Q3 25
$60.2M
$91.6M
Q2 25
$62.7M
$54.9M
Q1 25
$64.1M
$54.9M
Q4 24
$60.2M
Q3 24
$53.3M
$65.8M
Q2 24
$50.7M
$67.5M
Q1 24
$44.1M
$72.4M
Net Profit
LFMD
LFMD
TH
TH
Q4 25
$-14.9M
Q3 25
$-3.8M
$-795.0K
Q2 25
$-1.6M
$-14.9M
Q1 25
$-183.8K
$-6.5M
Q4 24
$12.5M
Q3 24
$-4.7M
$20.0M
Q2 24
$-6.9M
$18.4M
Q1 24
$-6.8M
$20.4M
Gross Margin
LFMD
LFMD
TH
TH
Q4 25
9.6%
Q3 25
87.7%
19.6%
Q2 25
88.1%
-0.6%
Q1 25
86.5%
32.7%
Q4 24
61.5%
Q3 24
90.6%
68.7%
Q2 24
90.1%
69.4%
Q1 24
89.6%
67.8%
Operating Margin
LFMD
LFMD
TH
TH
Q4 25
-22.9%
Q3 25
-3.3%
0.1%
Q2 25
-0.7%
-30.8%
Q1 25
1.5%
-2.0%
Q4 24
34.5%
Q3 24
-7.5%
42.5%
Q2 24
-12.4%
43.8%
Q1 24
-14.0%
42.0%
Net Margin
LFMD
LFMD
TH
TH
Q4 25
-20.3%
Q3 25
-6.3%
-0.9%
Q2 25
-2.6%
-27.2%
Q1 25
-0.3%
-11.8%
Q4 24
20.8%
Q3 24
-8.7%
30.4%
Q2 24
-13.6%
27.2%
Q1 24
-15.3%
28.2%
EPS (diluted)
LFMD
LFMD
TH
TH
Q4 25
$-0.14
Q3 25
$-0.01
Q2 25
$-0.05
$-0.15
Q1 25
$-0.02
$-0.07
Q4 24
$0.12
Q3 24
$-0.13
$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
LFMD
LFMD
TH
TH
Cash + ST InvestmentsLiquidity on hand
$8.3M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$1.3M
$389.3M
Total Assets
$66.0M
$530.2M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LFMD
LFMD
TH
TH
Q4 25
$8.3M
Q3 25
$30.4M
Q2 25
$36.2M
$19.2M
Q1 25
$34.4M
$34.5M
Q4 24
$190.7M
Q3 24
$37.6M
$177.7M
Q2 24
$35.7M
$154.3M
Q1 24
$35.1M
$124.3M
Total Debt
LFMD
LFMD
TH
TH
Q4 25
$1.7M
Q3 25
$2.0M
Q2 25
$15.9M
$26.3M
Q1 25
$42.9M
Q4 24
$1.5M
Q3 24
$994.0K
Q2 24
$1.1M
Q1 24
$179.9M
Stockholders' Equity
LFMD
LFMD
TH
TH
Q4 25
$389.3M
Q3 25
$1.3M
$402.4M
Q2 25
$-1.8M
$401.3M
Q1 25
$-2.3M
$415.3M
Q4 24
$421.1M
Q3 24
$-7.7M
$417.6M
Q2 24
$-4.2M
$397.2M
Q1 24
$-845.3K
$375.5M
Total Assets
LFMD
LFMD
TH
TH
Q4 25
$530.2M
Q3 25
$66.0M
$541.2M
Q2 25
$73.6M
$533.7M
Q1 25
$73.6M
$562.5M
Q4 24
$725.8M
Q3 24
$72.6M
$709.8M
Q2 24
$63.8M
$697.0M
Q1 24
$61.5M
$687.2M
Debt / Equity
LFMD
LFMD
TH
TH
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
LFMD
LFMD
TH
TH
Operating Cash FlowLast quarter
$-147.1K
$5.7M
Free Cash FlowOCF − Capex
$-944.4K
FCF MarginFCF / Revenue
-1.6%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$16.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LFMD
LFMD
TH
TH
Q4 25
$5.7M
Q3 25
$-147.1K
$53.4M
Q2 25
$8.6M
$11.1M
Q1 25
$3.1M
$3.9M
Q4 24
$30.6M
Q3 24
$6.7M
$31.4M
Q2 24
$4.5M
$39.1M
Q1 24
$5.2M
$50.6M
Free Cash Flow
LFMD
LFMD
TH
TH
Q4 25
Q3 25
$-944.4K
Q2 25
$7.8M
Q1 25
$2.9M
$-11.6M
Q4 24
Q3 24
$6.3M
Q2 24
$3.9M
Q1 24
$5.0M
FCF Margin
LFMD
LFMD
TH
TH
Q4 25
Q3 25
-1.6%
Q2 25
12.5%
Q1 25
4.6%
-21.1%
Q4 24
Q3 24
11.7%
Q2 24
7.7%
Q1 24
11.4%
Capex Intensity
LFMD
LFMD
TH
TH
Q4 25
Q3 25
1.3%
Q2 25
1.3%
Q1 25
0.2%
28.2%
Q4 24
Q3 24
0.8%
Q2 24
1.3%
Q1 24
0.4%
Cash Conversion
LFMD
LFMD
TH
TH
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

LFMD
LFMD

Telehealth Subscription Revenue$27.3M45%
Telehealth$20.0M33%
Work Simpli Revenue$12.9M21%
Product And Services$2.5M4%

TH
TH

Services$40.9M56%
Hospitality And Facilities Services South$32.6M44%

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