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Side-by-side financial comparison of MAXLINEAR, INC (MXL) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.

MAXLINEAR, INC is the larger business by last-quarter revenue ($137.2M vs $73.5M, roughly 1.9× Target Hospitality Corp.). Target Hospitality Corp. runs the higher net margin — -20.3% vs -32.9%, a 12.6% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs 22.0%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% CAGR vs 0.7%).

MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

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.

MXL vs TH — Head-to-Head

Bigger by revenue
MXL
MXL
1.9× larger
MXL
$137.2M
$73.5M
TH
Growing faster (revenue YoY)
MXL
MXL
+21.0% gap
MXL
43.0%
22.0%
TH
Higher net margin
TH
TH
12.6% more per $
TH
-20.3%
-32.9%
MXL
Faster 2-yr revenue CAGR
MXL
MXL
Annualised
MXL
22.1%
0.7%
TH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MXL
MXL
TH
TH
Revenue
$137.2M
$73.5M
Net Profit
$-45.1M
$-14.9M
Gross Margin
57.5%
9.6%
Operating Margin
30.0%
-22.9%
Net Margin
-32.9%
-20.3%
Revenue YoY
43.0%
22.0%
Net Profit YoY
-203.0%
-219.1%
EPS (diluted)
$-0.52
$-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
MXL
MXL
TH
TH
Q1 26
$137.2M
Q4 25
$136.4M
$73.5M
Q3 25
$126.5M
$91.6M
Q2 25
$108.8M
$54.9M
Q1 25
$95.9M
$54.9M
Q4 24
$92.2M
$60.2M
Q3 24
$81.1M
$65.8M
Q2 24
$92.0M
$67.5M
Net Profit
MXL
MXL
TH
TH
Q1 26
$-45.1M
Q4 25
$-14.9M
$-14.9M
Q3 25
$-45.5M
$-795.0K
Q2 25
$-26.6M
$-14.9M
Q1 25
$-49.7M
$-6.5M
Q4 24
$-57.8M
$12.5M
Q3 24
$-75.8M
$20.0M
Q2 24
$-39.3M
$18.4M
Gross Margin
MXL
MXL
TH
TH
Q1 26
57.5%
Q4 25
57.6%
9.6%
Q3 25
56.9%
19.6%
Q2 25
56.5%
-0.6%
Q1 25
56.1%
32.7%
Q4 24
55.6%
61.5%
Q3 24
54.4%
68.7%
Q2 24
54.6%
69.4%
Operating Margin
MXL
MXL
TH
TH
Q1 26
30.0%
Q4 25
-10.9%
-22.9%
Q3 25
-32.7%
0.1%
Q2 25
-22.6%
-30.8%
Q1 25
-48.0%
-2.0%
Q4 24
-44.7%
34.5%
Q3 24
-82.3%
42.5%
Q2 24
-44.4%
43.8%
Net Margin
MXL
MXL
TH
TH
Q1 26
-32.9%
Q4 25
-10.9%
-20.3%
Q3 25
-36.0%
-0.9%
Q2 25
-24.4%
-27.2%
Q1 25
-51.8%
-11.8%
Q4 24
-62.8%
20.8%
Q3 24
-93.4%
30.4%
Q2 24
-42.7%
27.2%
EPS (diluted)
MXL
MXL
TH
TH
Q1 26
$-0.52
Q4 25
$-0.17
$-0.14
Q3 25
$-0.52
$-0.01
Q2 25
$-0.31
$-0.15
Q1 25
$-0.58
$-0.07
Q4 24
$-0.68
$0.12
Q3 24
$-0.90
$0.20
Q2 24
$-0.47
$0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MXL
MXL
TH
TH
Cash + ST InvestmentsLiquidity on hand
$61.1M
$8.3M
Total DebtLower is stronger
$123.8M
$1.7M
Stockholders' EquityBook value
$454.2M
$389.3M
Total Assets
$771.3M
$530.2M
Debt / EquityLower = less leverage
0.27×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MXL
MXL
TH
TH
Q1 26
$61.1M
Q4 25
$72.8M
$8.3M
Q3 25
$111.9M
$30.4M
Q2 25
$108.6M
$19.2M
Q1 25
$102.8M
$34.5M
Q4 24
$118.6M
$190.7M
Q3 24
$148.5M
$177.7M
Q2 24
$185.1M
$154.3M
Total Debt
MXL
MXL
TH
TH
Q1 26
$123.8M
Q4 25
$1.7M
Q3 25
$2.0M
Q2 25
$26.3M
Q1 25
$42.9M
Q4 24
$1.5M
Q3 24
$994.0K
Q2 24
$1.1M
Stockholders' Equity
MXL
MXL
TH
TH
Q1 26
$454.2M
Q4 25
$451.9M
$389.3M
Q3 25
$464.7M
$402.4M
Q2 25
$488.3M
$401.3M
Q1 25
$493.2M
$415.3M
Q4 24
$516.3M
$421.1M
Q3 24
$556.9M
$417.6M
Q2 24
$617.3M
$397.2M
Total Assets
MXL
MXL
TH
TH
Q1 26
$771.3M
Q4 25
$796.4M
$530.2M
Q3 25
$808.1M
$541.2M
Q2 25
$863.7M
$533.7M
Q1 25
$855.3M
$562.5M
Q4 24
$864.6M
$725.8M
Q3 24
$895.3M
$709.8M
Q2 24
$973.2M
$697.0M
Debt / Equity
MXL
MXL
TH
TH
Q1 26
0.27×
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MXL
MXL
TH
TH
Operating Cash FlowLast quarter
$5.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MXL
MXL
TH
TH
Q1 26
Q4 25
$10.4M
$5.7M
Q3 25
$10.1M
$53.4M
Q2 25
$10.5M
$11.1M
Q1 25
$-11.4M
$3.9M
Q4 24
$-27.8M
$30.6M
Q3 24
$-30.7M
$31.4M
Q2 24
$-2.7M
$39.1M
Free Cash Flow
MXL
MXL
TH
TH
Q1 26
Q4 25
$6.7M
Q3 25
$4.4M
Q2 25
$9.3M
Q1 25
$-13.4M
$-11.6M
Q4 24
$-30.0M
Q3 24
$-34.9M
Q2 24
$-5.7M
FCF Margin
MXL
MXL
TH
TH
Q1 26
Q4 25
4.9%
Q3 25
3.5%
Q2 25
8.6%
Q1 25
-14.0%
-21.1%
Q4 24
-32.6%
Q3 24
-43.0%
Q2 24
-6.2%
Capex Intensity
MXL
MXL
TH
TH
Q1 26
Q4 25
2.7%
Q3 25
4.5%
Q2 25
1.1%
Q1 25
2.1%
28.2%
Q4 24
2.4%
Q3 24
5.1%
Q2 24
3.3%
Cash Conversion
MXL
MXL
TH
TH
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.44×
Q3 24
1.57×
Q2 24
2.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MXL
MXL

Segment breakdown not available.

TH
TH

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

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