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Side-by-side financial comparison of N-able, Inc. (NABL) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
N-able, Inc. is the larger business by last-quarter revenue ($130.3M vs $73.5M, roughly 1.8× Target Hospitality Corp.). On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 11.8%). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% CAGR vs 0.7%).
Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.
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.
NABL vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $130.3M | $73.5M |
| Net Profit | — | $-14.9M |
| Gross Margin | 76.2% | 9.6% |
| Operating Margin | 10.2% | -22.9% |
| Net Margin | — | -20.3% |
| Revenue YoY | 11.8% | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $-0.04 | $-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 | $130.3M | $73.5M | ||
| Q3 25 | $131.7M | $91.6M | ||
| Q2 25 | $131.2M | $54.9M | ||
| Q1 25 | $118.2M | $54.9M | ||
| Q4 24 | $116.5M | $60.2M | ||
| Q3 24 | $116.4M | $65.8M | ||
| Q2 24 | $119.4M | $67.5M | ||
| Q1 24 | $113.7M | $72.4M |
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $1.4M | $-795.0K | ||
| Q2 25 | $-4.0M | $-14.9M | ||
| Q1 25 | $-7.2M | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $10.8M | $20.0M | ||
| Q2 24 | $9.5M | $18.4M | ||
| Q1 24 | $7.5M | $20.4M |
| Q4 25 | 76.2% | 9.6% | ||
| Q3 25 | 77.5% | 19.6% | ||
| Q2 25 | 78.1% | -0.6% | ||
| Q1 25 | 76.6% | 32.7% | ||
| Q4 24 | 80.0% | 61.5% | ||
| Q3 24 | 82.9% | 68.7% | ||
| Q2 24 | 84.0% | 69.4% | ||
| Q1 24 | 83.9% | 67.8% |
| Q4 25 | 10.2% | -22.9% | ||
| Q3 25 | 8.8% | 0.1% | ||
| Q2 25 | 7.7% | -30.8% | ||
| Q1 25 | 1.5% | -2.0% | ||
| Q4 24 | 13.7% | 34.5% | ||
| Q3 24 | 20.5% | 42.5% | ||
| Q2 24 | 18.4% | 43.8% | ||
| Q1 24 | 18.0% | 42.0% |
| Q4 25 | — | -20.3% | ||
| Q3 25 | 1.1% | -0.9% | ||
| Q2 25 | -3.1% | -27.2% | ||
| Q1 25 | -6.1% | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | 9.2% | 30.4% | ||
| Q2 24 | 7.9% | 27.2% | ||
| Q1 24 | 6.6% | 28.2% |
| Q4 25 | $-0.04 | $-0.14 | ||
| Q3 25 | $0.01 | $-0.01 | ||
| Q2 25 | $-0.02 | $-0.15 | ||
| Q1 25 | $-0.04 | $-0.07 | ||
| Q4 24 | $0.01 | $0.12 | ||
| Q3 24 | $0.06 | $0.20 | ||
| Q2 24 | $0.05 | $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 | $111.8M | $8.3M |
| Total DebtLower is stronger | $393.9M | $1.7M |
| Stockholders' EquityBook value | $804.7M | $389.3M |
| Total Assets | $1.4B | $530.2M |
| Debt / EquityLower = less leverage | 0.49× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.8M | $8.3M | ||
| Q3 25 | $101.4M | $30.4M | ||
| Q2 25 | $93.9M | $19.2M | ||
| Q1 25 | $94.1M | $34.5M | ||
| Q4 24 | $85.2M | $190.7M | ||
| Q3 24 | $174.4M | $177.7M | ||
| Q2 24 | $157.5M | $154.3M | ||
| Q1 24 | $139.2M | $124.3M |
| Q4 25 | $393.9M | $1.7M | ||
| Q3 25 | $331.7M | $2.0M | ||
| Q2 25 | $332.1M | $26.3M | ||
| Q1 25 | $332.6M | $42.9M | ||
| Q4 24 | $333.1M | $1.5M | ||
| Q3 24 | $333.6M | $994.0K | ||
| Q2 24 | $334.1M | $1.1M | ||
| Q1 24 | $334.5M | $179.9M |
| Q4 25 | $804.7M | $389.3M | ||
| Q3 25 | $813.4M | $402.4M | ||
| Q2 25 | $809.4M | $401.3M | ||
| Q1 25 | $775.1M | $415.3M | ||
| Q4 24 | $759.3M | $421.1M | ||
| Q3 24 | $765.0M | $417.6M | ||
| Q2 24 | $724.4M | $397.2M | ||
| Q1 24 | $709.1M | $375.5M |
| Q4 25 | $1.4B | $530.2M | ||
| Q3 25 | $1.4B | $541.2M | ||
| Q2 25 | $1.4B | $533.7M | ||
| Q1 25 | $1.4B | $562.5M | ||
| Q4 24 | $1.3B | $725.8M | ||
| Q3 24 | $1.2B | $709.8M | ||
| Q2 24 | $1.2B | $697.0M | ||
| Q1 24 | $1.1B | $687.2M |
| Q4 25 | 0.49× | 0.00× | ||
| Q3 25 | 0.41× | 0.01× | ||
| Q2 25 | 0.41× | 0.07× | ||
| Q1 25 | 0.43× | 0.10× | ||
| Q4 24 | 0.44× | 0.00× | ||
| Q3 24 | 0.44× | 0.00× | ||
| Q2 24 | 0.46× | 0.00× | ||
| Q1 24 | 0.47× | 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 | $25.3M | $5.7M |
| Free Cash FlowOCF − Capex | $20.9M | — |
| FCF MarginFCF / Revenue | 16.0% | — |
| Capex IntensityCapex / Revenue | 3.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $25.3M | $5.7M | ||
| Q3 25 | $24.0M | $53.4M | ||
| Q2 25 | $24.2M | $11.1M | ||
| Q1 25 | $19.7M | $3.9M | ||
| Q4 24 | $26.0M | $30.6M | ||
| Q3 24 | $22.0M | $31.4M | ||
| Q2 24 | $27.3M | $39.1M | ||
| Q1 24 | $4.2M | $50.6M |
| Q4 25 | $20.9M | — | ||
| Q3 25 | $17.4M | — | ||
| Q2 25 | $20.4M | — | ||
| Q1 25 | $16.4M | $-11.6M | ||
| Q4 24 | $18.8M | — | ||
| Q3 24 | $18.2M | — | ||
| Q2 24 | $24.0M | — | ||
| Q1 24 | $746.0K | — |
| Q4 25 | 16.0% | — | ||
| Q3 25 | 13.2% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 13.9% | -21.1% | ||
| Q4 24 | 16.2% | — | ||
| Q3 24 | 15.7% | — | ||
| Q2 24 | 20.1% | — | ||
| Q1 24 | 0.7% | — |
| Q4 25 | 3.4% | — | ||
| Q3 25 | 5.0% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 2.8% | 28.2% | ||
| Q4 24 | 6.1% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 2.7% | — | ||
| Q1 24 | 3.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | 17.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 2.04× | 1.57× | ||
| Q2 24 | 2.89× | 2.13× | ||
| Q1 24 | 0.56× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
