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Side-by-side financial comparison of NPK International Inc. (NPKI) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $73.5M, roughly 1.0× Target Hospitality Corp.). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs 22.0%). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% 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.
NPKI vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.2M | $73.5M |
| Net Profit | — | $-14.9M |
| Gross Margin | 37.7% | 9.6% |
| Operating Margin | 16.7% | -22.9% |
| Net Margin | — | -20.3% |
| Revenue YoY | 30.7% | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $0.17 | $-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 | $75.2M | $73.5M | ||
| Q3 25 | $68.8M | $91.6M | ||
| Q2 25 | $68.2M | $54.9M | ||
| Q1 25 | $64.8M | $54.9M | ||
| Q4 24 | $57.5M | $60.2M | ||
| Q3 24 | $44.2M | $65.8M | ||
| Q2 24 | $66.8M | $67.5M | ||
| Q1 24 | $49.0M | $72.4M |
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $5.7M | $-795.0K | ||
| Q2 25 | $8.7M | $-14.9M | ||
| Q1 25 | $10.0M | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $-174.3M | $20.0M | ||
| Q2 24 | $8.0M | $18.4M | ||
| Q1 24 | $7.3M | $20.4M |
| Q4 25 | 37.7% | 9.6% | ||
| Q3 25 | 31.9% | 19.6% | ||
| Q2 25 | 36.9% | -0.6% | ||
| Q1 25 | 39.0% | 32.7% | ||
| Q4 24 | 39.2% | 61.5% | ||
| Q3 24 | 27.5% | 68.7% | ||
| Q2 24 | 37.2% | 69.4% | ||
| Q1 24 | 36.0% | 67.8% |
| Q4 25 | 16.7% | -22.9% | ||
| Q3 25 | 13.2% | 0.1% | ||
| Q2 25 | 17.0% | -30.8% | ||
| Q1 25 | 20.9% | -2.0% | ||
| Q4 24 | 20.2% | 34.5% | ||
| Q3 24 | 2.8% | 42.5% | ||
| Q2 24 | 18.7% | 43.8% | ||
| Q1 24 | 14.2% | 42.0% |
| Q4 25 | — | -20.3% | ||
| Q3 25 | 8.2% | -0.9% | ||
| Q2 25 | 12.7% | -27.2% | ||
| Q1 25 | 15.4% | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | -394.3% | 30.4% | ||
| Q2 24 | 12.0% | 27.2% | ||
| Q1 24 | 14.9% | 28.2% |
| Q4 25 | $0.17 | $-0.14 | ||
| Q3 25 | $0.07 | $-0.01 | ||
| Q2 25 | $0.10 | $-0.15 | ||
| Q1 25 | $0.11 | $-0.07 | ||
| Q4 24 | $0.10 | $0.12 | ||
| Q3 24 | $-1.99 | $0.20 | ||
| Q2 24 | $0.09 | $0.18 | ||
| Q1 24 | $0.08 | $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 | $5.1M | $8.3M |
| Total DebtLower is stronger | $16.9M | $1.7M |
| Stockholders' EquityBook value | $351.2M | $389.3M |
| Total Assets | $441.8M | $530.2M |
| Debt / EquityLower = less leverage | 0.05× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.1M | $8.3M | ||
| Q3 25 | $35.6M | $30.4M | ||
| Q2 25 | $26.0M | $19.2M | ||
| Q1 25 | $20.8M | $34.5M | ||
| Q4 24 | $17.8M | $190.7M | ||
| Q3 24 | $42.9M | $177.7M | ||
| Q2 24 | $35.1M | $154.3M | ||
| Q1 24 | $37.7M | $124.3M |
| Q4 25 | $16.9M | $1.7M | ||
| Q3 25 | $9.5M | $2.0M | ||
| Q2 25 | $9.3M | $26.3M | ||
| Q1 25 | $8.1M | $42.9M | ||
| Q4 24 | $7.7M | $1.5M | ||
| Q3 24 | $14.0M | $994.0K | ||
| Q2 24 | $58.0M | $1.1M | ||
| Q1 24 | $77.4M | $179.9M |
| Q4 25 | $351.2M | $389.3M | ||
| Q3 25 | $333.9M | $402.4M | ||
| Q2 25 | $328.8M | $401.3M | ||
| Q1 25 | $326.9M | $415.3M | ||
| Q4 24 | $326.5M | $421.1M | ||
| Q3 24 | $316.5M | $417.6M | ||
| Q2 24 | $426.6M | $397.2M | ||
| Q1 24 | $421.6M | $375.5M |
| Q4 25 | $441.8M | $530.2M | ||
| Q3 25 | $404.5M | $541.2M | ||
| Q2 25 | $393.7M | $533.7M | ||
| Q1 25 | $390.0M | $562.5M | ||
| Q4 24 | $393.7M | $725.8M | ||
| Q3 24 | $389.6M | $709.8M | ||
| Q2 24 | $624.8M | $697.0M | ||
| Q1 24 | $640.8M | $687.2M |
| Q4 25 | 0.05× | 0.00× | ||
| Q3 25 | 0.03× | 0.01× | ||
| Q2 25 | 0.03× | 0.07× | ||
| Q1 25 | 0.02× | 0.10× | ||
| Q4 24 | 0.02× | 0.00× | ||
| Q3 24 | 0.04× | 0.00× | ||
| Q2 24 | 0.14× | 0.00× | ||
| Q1 24 | 0.18× | 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 | $18.0M | $5.7M |
| Free Cash FlowOCF − Capex | $5.8M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 16.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.0M | $5.7M | ||
| Q3 25 | $24.7M | $53.4M | ||
| Q2 25 | $21.4M | $11.1M | ||
| Q1 25 | $8.8M | $3.9M | ||
| Q4 24 | $-4.1M | $30.6M | ||
| Q3 24 | $2.8M | $31.4M | ||
| Q2 24 | $27.6M | $39.1M | ||
| Q1 24 | $11.9M | $50.6M |
| Q4 25 | $5.8M | — | ||
| Q3 25 | $12.0M | — | ||
| Q2 25 | $9.7M | — | ||
| Q1 25 | $-1.2M | $-11.6M | ||
| Q4 24 | $-17.7M | — | ||
| Q3 24 | $-6.7M | — | ||
| Q2 24 | $21.0M | — | ||
| Q1 24 | $-1.9M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | 17.4% | — | ||
| Q2 25 | 14.3% | — | ||
| Q1 25 | -1.8% | -21.1% | ||
| Q4 24 | -30.8% | — | ||
| Q3 24 | -15.2% | — | ||
| Q2 24 | 31.4% | — | ||
| Q1 24 | -3.9% | — |
| Q4 25 | 16.3% | — | ||
| Q3 25 | 18.5% | — | ||
| Q2 25 | 17.1% | — | ||
| Q1 25 | 15.5% | 28.2% | ||
| Q4 24 | 23.6% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 9.9% | — | ||
| Q1 24 | 28.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | 4.37× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | 3.43× | 2.13× | ||
| Q1 24 | 1.64× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
