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Side-by-side financial comparison of Loar Holdings Inc. (LOAR) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Loar Holdings Inc. is the larger business by last-quarter revenue ($131.8M vs $73.5M, roughly 1.8× Target Hospitality Corp.). Loar Holdings Inc. runs the higher net margin — 9.5% vs -20.3%, a 29.8% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 19.3%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% CAGR vs 0.7%).
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.
LOAR vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $131.8M | $73.5M |
| Net Profit | $12.5M | $-14.9M |
| Gross Margin | 52.1% | 9.6% |
| Operating Margin | 18.0% | -22.9% |
| Net Margin | 9.5% | -20.3% |
| Revenue YoY | 19.3% | 22.0% |
| Net Profit YoY | 239.5% | -219.1% |
| EPS (diluted) | $0.13 | $-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 | $131.8M | $73.5M | ||
| Q3 25 | $126.8M | $91.6M | ||
| Q2 25 | $123.1M | $54.9M | ||
| Q1 25 | $114.7M | $54.9M | ||
| Q4 24 | $110.4M | $60.2M | ||
| Q3 24 | $103.5M | $65.8M | ||
| Q2 24 | $97.0M | $67.5M | ||
| Q1 24 | $91.8M | $72.4M |
| Q4 25 | $12.5M | $-14.9M | ||
| Q3 25 | $27.6M | $-795.0K | ||
| Q2 25 | $16.7M | $-14.9M | ||
| Q1 25 | $15.3M | $-6.5M | ||
| Q4 24 | $3.7M | $12.5M | ||
| Q3 24 | $8.7M | $20.0M | ||
| Q2 24 | $7.6M | $18.4M | ||
| Q1 24 | $2.2M | $20.4M |
| Q4 25 | 52.1% | 9.6% | ||
| Q3 25 | 52.7% | 19.6% | ||
| Q2 25 | 53.8% | -0.6% | ||
| Q1 25 | 52.1% | 32.7% | ||
| Q4 24 | 48.9% | 61.5% | ||
| Q3 24 | 51.1% | 68.7% | ||
| Q2 24 | 49.0% | 69.4% | ||
| Q1 24 | 48.4% | 67.8% |
| Q4 25 | 18.0% | -22.9% | ||
| Q3 25 | 22.9% | 0.1% | ||
| Q2 25 | 22.2% | -30.8% | ||
| Q1 25 | 22.8% | -2.0% | ||
| Q4 24 | 19.2% | 34.5% | ||
| Q3 24 | 22.1% | 42.5% | ||
| Q2 24 | 22.9% | 43.8% | ||
| Q1 24 | 23.3% | 42.0% |
| Q4 25 | 9.5% | -20.3% | ||
| Q3 25 | 21.8% | -0.9% | ||
| Q2 25 | 13.6% | -27.2% | ||
| Q1 25 | 13.4% | -11.8% | ||
| Q4 24 | 3.3% | 20.8% | ||
| Q3 24 | 8.4% | 30.4% | ||
| Q2 24 | 7.9% | 27.2% | ||
| Q1 24 | 2.4% | 28.2% |
| Q4 25 | $0.13 | $-0.14 | ||
| Q3 25 | $0.29 | $-0.01 | ||
| Q2 25 | $0.17 | $-0.15 | ||
| Q1 25 | $0.16 | $-0.07 | ||
| Q4 24 | $-11023.48 | $0.12 | ||
| Q3 24 | $0.09 | $0.20 | ||
| Q2 24 | $0.09 | $0.18 | ||
| Q1 24 | $11023.54 | $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 | $84.8M | $8.3M |
| Total DebtLower is stronger | $715.7M | $1.7M |
| Stockholders' EquityBook value | $1.2B | $389.3M |
| Total Assets | $2.0B | $530.2M |
| Debt / EquityLower = less leverage | 0.61× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.8M | $8.3M | ||
| Q3 25 | $99.0M | $30.4M | ||
| Q2 25 | $103.3M | $19.2M | ||
| Q1 25 | $80.5M | $34.5M | ||
| Q4 24 | $54.1M | $190.7M | ||
| Q3 24 | $55.2M | $177.7M | ||
| Q2 24 | $73.2M | $154.3M | ||
| Q1 24 | $28.2M | $124.3M |
| Q4 25 | $715.7M | $1.7M | ||
| Q3 25 | $279.4M | $2.0M | ||
| Q2 25 | $277.7M | $26.3M | ||
| Q1 25 | $277.5M | $42.9M | ||
| Q4 24 | $277.3M | $1.5M | ||
| Q3 24 | $602.1M | $994.0K | ||
| Q2 24 | $250.7M | $1.1M | ||
| Q1 24 | $534.2M | $179.9M |
| Q4 25 | $1.2B | $389.3M | ||
| Q3 25 | $1.2B | $402.4M | ||
| Q2 25 | $1.1B | $401.3M | ||
| Q1 25 | $1.1B | $415.3M | ||
| Q4 24 | $1.1B | $421.1M | ||
| Q3 24 | $769.8M | $417.6M | ||
| Q2 24 | $758.4M | $397.2M | ||
| Q1 24 | $420.6M | $375.5M |
| Q4 25 | $2.0B | $530.2M | ||
| Q3 25 | $1.5B | $541.2M | ||
| Q2 25 | $1.5B | $533.7M | ||
| Q1 25 | $1.5B | $562.5M | ||
| Q4 24 | $1.5B | $725.8M | ||
| Q3 24 | $1.5B | $709.8M | ||
| Q2 24 | $1.1B | $697.0M | ||
| Q1 24 | $1.1B | $687.2M |
| Q4 25 | 0.61× | 0.00× | ||
| Q3 25 | 0.24× | 0.01× | ||
| Q2 25 | 0.25× | 0.07× | ||
| Q1 25 | 0.25× | 0.10× | ||
| Q4 24 | 0.25× | 0.00× | ||
| Q3 24 | 0.78× | 0.00× | ||
| Q2 24 | 0.33× | 0.00× | ||
| Q1 24 | 1.27× | 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 | $30.4M | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.4M | $5.7M | ||
| Q3 25 | $29.7M | $53.4M | ||
| Q2 25 | $23.8M | $11.1M | ||
| Q1 25 | $28.4M | $3.9M | ||
| Q4 24 | $20.7M | $30.6M | ||
| Q3 24 | $16.3M | $31.4M | ||
| Q2 24 | $7.1M | $39.1M | ||
| Q1 24 | $10.8M | $50.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.43× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 1.42× | — | ||
| Q1 25 | 1.85× | — | ||
| Q4 24 | 5.62× | 2.44× | ||
| Q3 24 | 1.89× | 1.57× | ||
| Q2 24 | 0.93× | 2.13× | ||
| Q1 24 | 4.81× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
