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Side-by-side financial comparison of NexPoint Residential Trust, Inc. (NXRT) 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 $62.1M, roughly 1.2× NexPoint Residential Trust, Inc.). On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -2.7%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -4.1%).

NexPoint Residential Trust, Inc. is a publicly traded real estate investment trust focused on acquiring, renovating, and operating multifamily residential properties primarily across high-growth Sun Belt markets in the United States. Its portfolio consists mainly of affordable and mid-tier apartment communities, targeting steady rental income growth and long-term asset value appreciation for 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.

NXRT vs TH — Head-to-Head

Bigger by revenue
TH
TH
1.2× larger
TH
$73.5M
$62.1M
NXRT
Growing faster (revenue YoY)
TH
TH
+24.7% gap
TH
22.0%
-2.7%
NXRT
Faster 2-yr revenue CAGR
TH
TH
Annualised
TH
0.7%
-4.1%
NXRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NXRT
NXRT
TH
TH
Revenue
$62.1M
$73.5M
Net Profit
$-14.9M
Gross Margin
9.6%
Operating Margin
8.4%
-22.9%
Net Margin
-20.3%
Revenue YoY
-2.7%
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.

Revenue
NXRT
NXRT
TH
TH
Q4 25
$62.1M
$73.5M
Q3 25
$62.8M
$91.6M
Q2 25
$63.1M
$54.9M
Q1 25
$63.2M
$54.9M
Q4 24
$63.8M
$60.2M
Q3 24
$64.1M
$65.8M
Q2 24
$64.2M
$67.5M
Q1 24
$67.6M
$72.4M
Net Profit
NXRT
NXRT
TH
TH
Q4 25
$-14.9M
Q3 25
$-7.8M
$-795.0K
Q2 25
$-7.0M
$-14.9M
Q1 25
$-6.9M
$-6.5M
Q4 24
$12.5M
Q3 24
$-8.9M
$20.0M
Q2 24
$10.6M
$18.4M
Q1 24
$26.3M
$20.4M
Gross Margin
NXRT
NXRT
TH
TH
Q4 25
9.6%
Q3 25
19.6%
Q2 25
-0.6%
Q1 25
32.7%
Q4 24
61.5%
Q3 24
68.7%
Q2 24
69.4%
Q1 24
67.8%
Operating Margin
NXRT
NXRT
TH
TH
Q4 25
8.4%
-22.9%
Q3 25
11.8%
0.1%
Q2 25
12.5%
-30.8%
Q1 25
11.7%
-2.0%
Q4 24
18.0%
34.5%
Q3 24
8.7%
42.5%
Q2 24
39.7%
43.8%
Q1 24
60.7%
42.0%
Net Margin
NXRT
NXRT
TH
TH
Q4 25
-20.3%
Q3 25
-12.4%
-0.9%
Q2 25
-11.1%
-27.2%
Q1 25
-10.9%
-11.8%
Q4 24
20.8%
Q3 24
-13.8%
30.4%
Q2 24
16.5%
27.2%
Q1 24
38.9%
28.2%
EPS (diluted)
NXRT
NXRT
TH
TH
Q4 25
$-0.14
Q3 25
$-0.31
$-0.01
Q2 25
$-0.28
$-0.15
Q1 25
$-0.27
$-0.07
Q4 24
$0.12
Q3 24
$-0.35
$0.20
Q2 24
$0.40
$0.18
Q1 24
$1.00
$0.20

Balance Sheet & Financial Strength

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

Metric
NXRT
NXRT
TH
TH
Cash + ST InvestmentsLiquidity on hand
$13.7M
$8.3M
Total DebtLower is stronger
$1.6B
$1.7M
Stockholders' EquityBook value
$295.5M
$389.3M
Total Assets
$1.9B
$530.2M
Debt / EquityLower = less leverage
5.39×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NXRT
NXRT
TH
TH
Q4 25
$13.7M
$8.3M
Q3 25
$10.8M
$30.4M
Q2 25
$13.6M
$19.2M
Q1 25
$23.7M
$34.5M
Q4 24
$23.1M
$190.7M
Q3 24
$17.4M
$177.7M
Q2 24
$21.3M
$154.3M
Q1 24
$37.2M
$124.3M
Total Debt
NXRT
NXRT
TH
TH
Q4 25
$1.6B
$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
Q1 24
$1.5B
$179.9M
Stockholders' Equity
NXRT
NXRT
TH
TH
Q4 25
$295.5M
$389.3M
Q3 25
$322.9M
$402.4M
Q2 25
$347.9M
$401.3M
Q1 25
$379.9M
$415.3M
Q4 24
$410.4M
$421.1M
Q3 24
$447.1M
$417.6M
Q2 24
$491.1M
$397.2M
Q1 24
$512.8M
$375.5M
Total Assets
NXRT
NXRT
TH
TH
Q4 25
$1.9B
$530.2M
Q3 25
$1.8B
$541.2M
Q2 25
$1.9B
$533.7M
Q1 25
$1.9B
$562.5M
Q4 24
$1.9B
$725.8M
Q3 24
$2.0B
$709.8M
Q2 24
$2.0B
$697.0M
Q1 24
$2.0B
$687.2M
Debt / Equity
NXRT
NXRT
TH
TH
Q4 25
5.39×
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×
Q1 24
2.92×
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
NXRT
NXRT
TH
TH
Operating Cash FlowLast quarter
$83.6M
$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
NXRT
NXRT
TH
TH
Q4 25
$83.6M
$5.7M
Q3 25
$29.3M
$53.4M
Q2 25
$19.9M
$11.1M
Q1 25
$28.3M
$3.9M
Q4 24
$73.6M
$30.6M
Q3 24
$27.8M
$31.4M
Q2 24
$19.7M
$39.1M
Q1 24
$19.7M
$50.6M
Free Cash Flow
NXRT
NXRT
TH
TH
Q4 25
Q3 25
Q2 25
Q1 25
$-11.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
NXRT
NXRT
TH
TH
Q4 25
Q3 25
Q2 25
Q1 25
-21.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
NXRT
NXRT
TH
TH
Q4 25
Q3 25
Q2 25
Q1 25
28.2%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
NXRT
NXRT
TH
TH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.44×
Q3 24
1.57×
Q2 24
1.86×
2.13×
Q1 24
0.75×
2.48×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NXRT
NXRT

Segment breakdown not available.

TH
TH

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

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