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Side-by-side financial comparison of NACCO INDUSTRIES INC (NC) 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 $66.8M, roughly 1.1× NACCO INDUSTRIES INC). NACCO INDUSTRIES INC runs the higher net margin — -5.8% vs -20.3%, a 14.6% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -5.2%). Over the past eight quarters, NACCO INDUSTRIES INC's revenue compounded faster (11.9% CAGR vs 0.7%).
NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...
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.
NC vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.8M | $73.5M |
| Net Profit | $-3.8M | $-14.9M |
| Gross Margin | 18.0% | 9.6% |
| Operating Margin | 11.3% | -22.9% |
| Net Margin | -5.8% | -20.3% |
| Revenue YoY | -5.2% | 22.0% |
| Net Profit YoY | -150.8% | -219.1% |
| EPS (diluted) | $-0.53 | $-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 | $66.8M | $73.5M | ||
| Q3 25 | $76.6M | $91.6M | ||
| Q2 25 | $68.2M | $54.9M | ||
| Q1 25 | $65.6M | $54.9M | ||
| Q4 24 | $70.4M | $60.2M | ||
| Q3 24 | $61.7M | $65.8M | ||
| Q2 24 | $52.3M | $67.5M | ||
| Q1 24 | $53.3M | $72.4M |
| Q4 25 | $-3.8M | $-14.9M | ||
| Q3 25 | $13.3M | $-795.0K | ||
| Q2 25 | $3.3M | $-14.9M | ||
| Q1 25 | $4.9M | $-6.5M | ||
| Q4 24 | $7.6M | $12.5M | ||
| Q3 24 | $15.6M | $20.0M | ||
| Q2 24 | $6.0M | $18.4M | ||
| Q1 24 | $4.6M | $20.4M |
| Q4 25 | 18.0% | 9.6% | ||
| Q3 25 | 13.0% | 19.6% | ||
| Q2 25 | 10.0% | -0.6% | ||
| Q1 25 | 14.7% | 32.7% | ||
| Q4 24 | 12.0% | 61.5% | ||
| Q3 24 | 11.7% | 68.7% | ||
| Q2 24 | 13.4% | 69.4% | ||
| Q1 24 | 13.2% | 67.8% |
| Q4 25 | 11.3% | -22.9% | ||
| Q3 25 | 8.8% | 0.1% | ||
| Q2 25 | -0.1% | -30.8% | ||
| Q1 25 | 11.7% | -2.0% | ||
| Q4 24 | 5.5% | 34.5% | ||
| Q3 24 | 31.9% | 42.5% | ||
| Q2 24 | 14.1% | 43.8% | ||
| Q1 24 | 8.9% | 42.0% |
| Q4 25 | -5.8% | -20.3% | ||
| Q3 25 | 17.3% | -0.9% | ||
| Q2 25 | 4.8% | -27.2% | ||
| Q1 25 | 7.5% | -11.8% | ||
| Q4 24 | 10.7% | 20.8% | ||
| Q3 24 | 25.4% | 30.4% | ||
| Q2 24 | 11.4% | 27.2% | ||
| Q1 24 | 8.6% | 28.2% |
| Q4 25 | $-0.53 | $-0.14 | ||
| Q3 25 | $1.78 | $-0.01 | ||
| Q2 25 | $0.44 | $-0.15 | ||
| Q1 25 | $0.66 | $-0.07 | ||
| Q4 24 | $0.99 | $0.12 | ||
| Q3 24 | $2.14 | $0.20 | ||
| Q2 24 | $0.81 | $0.18 | ||
| Q1 24 | $0.61 | $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 | $49.7M | $8.3M |
| Total DebtLower is stronger | $100.8M | $1.7M |
| Stockholders' EquityBook value | $429.2M | $389.3M |
| Total Assets | $661.2M | $530.2M |
| Debt / EquityLower = less leverage | 0.23× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $49.7M | $8.3M | ||
| Q3 25 | $52.7M | $30.4M | ||
| Q2 25 | $49.4M | $19.2M | ||
| Q1 25 | $61.9M | $34.5M | ||
| Q4 24 | $72.8M | $190.7M | ||
| Q3 24 | $63.1M | $177.7M | ||
| Q2 24 | $62.4M | $154.3M | ||
| Q1 24 | $61.8M | $124.3M |
| Q4 25 | $100.8M | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | $99.4M | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | $29.0M | $1.1M | ||
| Q1 24 | $28.4M | $179.9M |
| Q4 25 | $429.2M | $389.3M | ||
| Q3 25 | $426.4M | $402.4M | ||
| Q2 25 | $413.1M | $401.3M | ||
| Q1 25 | $409.1M | $415.3M | ||
| Q4 24 | $404.9M | $421.1M | ||
| Q3 24 | $397.3M | $417.6M | ||
| Q2 24 | $384.1M | $397.2M | ||
| Q1 24 | $381.6M | $375.5M |
| Q4 25 | $661.2M | $530.2M | ||
| Q3 25 | $637.6M | $541.2M | ||
| Q2 25 | $631.3M | $533.7M | ||
| Q1 25 | $634.2M | $562.5M | ||
| Q4 24 | $631.7M | $725.8M | ||
| Q3 24 | $597.4M | $709.8M | ||
| Q2 24 | $560.1M | $697.0M | ||
| Q1 24 | $538.0M | $687.2M |
| Q4 25 | 0.23× | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | 0.25× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | 0.08× | 0.00× | ||
| Q1 24 | 0.07× | 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 | $11.4M | $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.
| Q4 25 | $11.4M | $5.7M | ||
| Q3 25 | $42.3M | $53.4M | ||
| Q2 25 | $-7.8M | $11.1M | ||
| Q1 25 | $5.0M | $3.9M | ||
| Q4 24 | $25.2M | $30.6M | ||
| Q3 24 | $2.8M | $31.4M | ||
| Q2 24 | $4.1M | $39.1M | ||
| Q1 24 | $-9.8M | $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 | — | — | ||
| Q3 25 | 3.19× | — | ||
| Q2 25 | -2.39× | — | ||
| Q1 25 | 1.03× | — | ||
| Q4 24 | 3.33× | 2.44× | ||
| Q3 24 | 0.18× | 1.57× | ||
| Q2 24 | 0.68× | 2.13× | ||
| Q1 24 | -2.14× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NC
| Transferred Over Time | $42.7M | 64% |
| Transferred At Point In Time | $24.1M | 36% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
