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Side-by-side financial comparison of LXP Industrial Trust (LXP) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
LXP Industrial Trust is the larger business by last-quarter revenue ($86.7M vs $73.5M, roughly 1.2× Target Hospitality Corp.). LXP Industrial Trust runs the higher net margin — 33.2% vs -20.3%, a 53.5% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -14.0%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs 0.3%).
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
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.
LXP vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.7M | $73.5M |
| Net Profit | $28.8M | $-14.9M |
| Gross Margin | 81.5% | 9.6% |
| Operating Margin | 34.6% | -22.9% |
| Net Margin | 33.2% | -20.3% |
| Revenue YoY | -14.0% | 22.0% |
| Net Profit YoY | — | -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.
| Q4 25 | $86.7M | $73.5M | ||
| Q3 25 | $86.9M | $91.6M | ||
| Q2 25 | $87.7M | $54.9M | ||
| Q1 25 | $88.9M | $54.9M | ||
| Q4 24 | $100.9M | $60.2M | ||
| Q3 24 | $85.6M | $65.8M | ||
| Q2 24 | $85.8M | $67.5M | ||
| Q1 24 | $86.3M | $72.4M |
| Q4 25 | $28.8M | $-14.9M | ||
| Q3 25 | $36.3M | $-795.0K | ||
| Q2 25 | $29.1M | $-14.9M | ||
| Q1 25 | $19.0M | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $6.3M | $20.0M | ||
| Q2 24 | $5.4M | $18.4M | ||
| Q1 24 | $-269.0K | $20.4M |
| Q4 25 | 81.5% | 9.6% | ||
| Q3 25 | 82.3% | 19.6% | ||
| Q2 25 | 81.9% | -0.6% | ||
| Q1 25 | 80.7% | 32.7% | ||
| Q4 24 | 85.3% | 61.5% | ||
| Q3 24 | 82.5% | 68.7% | ||
| Q2 24 | 82.0% | 69.4% | ||
| Q1 24 | 82.4% | 67.8% |
| Q4 25 | 34.6% | -22.9% | ||
| Q3 25 | 50.4% | 0.1% | ||
| Q2 25 | 33.7% | -30.8% | ||
| Q1 25 | 21.8% | -2.0% | ||
| Q4 24 | — | 34.5% | ||
| Q3 24 | 7.9% | 42.5% | ||
| Q2 24 | 6.9% | 43.8% | ||
| Q1 24 | 1.0% | 42.0% |
| Q4 25 | 33.2% | -20.3% | ||
| Q3 25 | 41.7% | -0.9% | ||
| Q2 25 | 33.2% | -27.2% | ||
| Q1 25 | 21.4% | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | 7.4% | 30.4% | ||
| Q2 24 | 6.3% | 27.2% | ||
| Q1 24 | -0.3% | 28.2% |
| Q4 25 | — | $-0.14 | ||
| Q3 25 | $0.12 | $-0.01 | ||
| Q2 25 | $0.09 | $-0.15 | ||
| Q1 25 | $0.06 | $-0.07 | ||
| Q4 24 | — | $0.12 | ||
| Q3 24 | $0.02 | $0.20 | ||
| Q2 24 | $0.01 | $0.18 | ||
| Q1 24 | $-0.01 | $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 | $170.4M | $8.3M |
| Total DebtLower is stronger | $1.4B | $1.7M |
| Stockholders' EquityBook value | $2.0B | $389.3M |
| Total Assets | $3.5B | $530.2M |
| Debt / EquityLower = less leverage | 0.66× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $170.4M | $8.3M | ||
| Q3 25 | $229.7M | $30.4M | ||
| Q2 25 | $71.0M | $19.2M | ||
| Q1 25 | $70.9M | $34.5M | ||
| Q4 24 | $101.8M | $190.7M | ||
| Q3 24 | $55.0M | $177.7M | ||
| Q2 24 | $48.7M | $154.3M | ||
| Q1 24 | $293.8M | $124.3M |
| Q4 25 | $1.4B | $1.7M | ||
| Q3 25 | $1.5B | $2.0M | ||
| Q2 25 | $1.5B | $26.3M | ||
| Q1 25 | $1.5B | $42.9M | ||
| Q4 24 | $1.6B | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $2.0B | $389.3M | ||
| Q3 25 | $2.1B | $402.4M | ||
| Q2 25 | $2.1B | $401.3M | ||
| Q1 25 | $2.1B | $415.3M | ||
| Q4 24 | $2.1B | $421.1M | ||
| Q3 24 | $2.1B | $417.6M | ||
| Q2 24 | $2.1B | $397.2M | ||
| Q1 24 | $2.2B | $375.5M |
| Q4 25 | $3.5B | $530.2M | ||
| Q3 25 | $3.7B | $541.2M | ||
| Q2 25 | $3.7B | $533.7M | ||
| Q1 25 | $3.8B | $562.5M | ||
| Q4 24 | $3.8B | $725.8M | ||
| Q3 24 | $3.9B | $709.8M | ||
| Q2 24 | $3.9B | $697.0M | ||
| Q1 24 | $4.2B | $687.2M |
| Q4 25 | 0.66× | 0.00× | ||
| Q3 25 | 0.72× | 0.01× | ||
| Q2 25 | 0.72× | 0.07× | ||
| Q1 25 | 0.73× | 0.10× | ||
| Q4 24 | 0.75× | 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 | $188.7M | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 6.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $188.7M | $5.7M | ||
| Q3 25 | $63.5M | $53.4M | ||
| Q2 25 | $44.3M | $11.1M | ||
| Q1 25 | $39.0M | $3.9M | ||
| Q4 24 | $211.2M | $30.6M | ||
| Q3 24 | $64.6M | $31.4M | ||
| Q2 24 | $38.5M | $39.1M | ||
| Q1 24 | $38.9M | $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 | 6.56× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 2.05× | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 10.18× | 1.57× | ||
| Q2 24 | 7.09× | 2.13× | ||
| Q1 24 | — | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LXP
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
