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Side-by-side financial comparison of OLAPLEX HOLDINGS, INC. (OLPX) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M vs $73.5M, roughly 1.4× Target Hospitality Corp.). OLAPLEX HOLDINGS, INC. runs the higher net margin — -12.5% vs -20.3%, a 7.9% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 4.3%). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% CAGR vs 0.7%).
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
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.
OLPX vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.1M | $73.5M |
| Net Profit | $-13.1M | $-14.9M |
| Gross Margin | 68.0% | 9.6% |
| Operating Margin | -4.3% | -22.9% |
| Net Margin | -12.5% | -20.3% |
| Revenue YoY | 4.3% | 22.0% |
| Net Profit YoY | -48.9% | -219.1% |
| EPS (diluted) | $-0.02 | $-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 | $105.1M | $73.5M | ||
| Q3 25 | $114.6M | $91.6M | ||
| Q2 25 | $106.3M | $54.9M | ||
| Q1 25 | $97.0M | $54.9M | ||
| Q4 24 | $100.7M | $60.2M | ||
| Q3 24 | $119.1M | $65.8M | ||
| Q2 24 | $103.9M | $67.5M | ||
| Q1 24 | $98.9M | $72.4M |
| Q4 25 | $-13.1M | $-14.9M | ||
| Q3 25 | $11.1M | $-795.0K | ||
| Q2 25 | $-7.7M | $-14.9M | ||
| Q1 25 | $465.0K | $-6.5M | ||
| Q4 24 | $-8.8M | $12.5M | ||
| Q3 24 | $14.8M | $20.0M | ||
| Q2 24 | $5.8M | $18.4M | ||
| Q1 24 | $7.7M | $20.4M |
| Q4 25 | 68.0% | 9.6% | ||
| Q3 25 | 69.1% | 19.6% | ||
| Q2 25 | 71.2% | -0.6% | ||
| Q1 25 | 69.5% | 32.7% | ||
| Q4 24 | 66.3% | 61.5% | ||
| Q3 24 | 68.6% | 68.7% | ||
| Q2 24 | 69.7% | 69.4% | ||
| Q1 24 | 72.1% | 67.8% |
| Q4 25 | -4.3% | -22.9% | ||
| Q3 25 | 3.7% | 0.1% | ||
| Q2 25 | -1.1% | -30.8% | ||
| Q1 25 | 8.7% | -2.0% | ||
| Q4 24 | 3.0% | 34.5% | ||
| Q3 24 | 23.5% | 42.5% | ||
| Q2 24 | 15.7% | 43.8% | ||
| Q1 24 | 19.8% | 42.0% |
| Q4 25 | -12.5% | -20.3% | ||
| Q3 25 | 9.7% | -0.9% | ||
| Q2 25 | -7.3% | -27.2% | ||
| Q1 25 | 0.5% | -11.8% | ||
| Q4 24 | -8.7% | 20.8% | ||
| Q3 24 | 12.4% | 30.4% | ||
| Q2 24 | 5.6% | 27.2% | ||
| Q1 24 | 7.8% | 28.2% |
| Q4 25 | $-0.02 | $-0.14 | ||
| Q3 25 | $0.02 | $-0.01 | ||
| Q2 25 | $-0.01 | $-0.15 | ||
| Q1 25 | $0.00 | $-0.07 | ||
| Q4 24 | $-0.01 | $0.12 | ||
| Q3 24 | $0.02 | $0.20 | ||
| Q2 24 | $0.01 | $0.18 | ||
| Q1 24 | $0.01 | $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 | $318.7M | $8.3M |
| Total DebtLower is stronger | $352.3M | $1.7M |
| Stockholders' EquityBook value | $879.4M | $389.3M |
| Total Assets | $1.5B | $530.2M |
| Debt / EquityLower = less leverage | 0.40× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $8.3M | ||
| Q3 25 | $286.4M | $30.4M | ||
| Q2 25 | $289.3M | $19.2M | ||
| Q1 25 | $580.9M | $34.5M | ||
| Q4 24 | $586.0M | $190.7M | ||
| Q3 24 | $538.8M | $177.7M | ||
| Q2 24 | $507.9M | $154.3M | ||
| Q1 24 | $507.5M | $124.3M |
| Q4 25 | $352.3M | $1.7M | ||
| Q3 25 | $352.1M | $2.0M | ||
| Q2 25 | $351.9M | $26.3M | ||
| Q1 25 | $649.1M | $42.9M | ||
| Q4 24 | $650.5M | $1.5M | ||
| Q3 24 | $651.8M | $994.0K | ||
| Q2 24 | $653.1M | $1.1M | ||
| Q1 24 | $654.4M | $179.9M |
| Q4 25 | $879.4M | $389.3M | ||
| Q3 25 | $888.7M | $402.4M | ||
| Q2 25 | $874.2M | $401.3M | ||
| Q1 25 | $878.3M | $415.3M | ||
| Q4 24 | $874.4M | $421.1M | ||
| Q3 24 | $879.7M | $417.6M | ||
| Q2 24 | $863.3M | $397.2M | ||
| Q1 24 | $855.7M | $375.5M |
| Q4 25 | $1.5B | $530.2M | ||
| Q3 25 | $1.5B | $541.2M | ||
| Q2 25 | $1.5B | $533.7M | ||
| Q1 25 | $1.8B | $562.5M | ||
| Q4 24 | $1.8B | $725.8M | ||
| Q3 24 | $1.8B | $709.8M | ||
| Q2 24 | $1.8B | $697.0M | ||
| Q1 24 | $1.8B | $687.2M |
| Q4 25 | 0.40× | 0.00× | ||
| Q3 25 | 0.40× | 0.01× | ||
| Q2 25 | 0.40× | 0.07× | ||
| Q1 25 | 0.74× | 0.10× | ||
| Q4 24 | 0.74× | 0.00× | ||
| Q3 24 | 0.74× | 0.00× | ||
| Q2 24 | 0.76× | 0.00× | ||
| Q1 24 | 0.76× | 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 | $32.7M | $5.7M |
| Free Cash FlowOCF − Capex | $32.6M | — |
| FCF MarginFCF / Revenue | 31.0% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.7M | $5.7M | ||
| Q3 25 | $8.0M | $53.4M | ||
| Q2 25 | $20.9M | $11.1M | ||
| Q1 25 | $-2.9M | $3.9M | ||
| Q4 24 | $49.7M | $30.6M | ||
| Q3 24 | $33.5M | $31.4M | ||
| Q2 24 | $16.2M | $39.1M | ||
| Q1 24 | $43.7M | $50.6M |
| Q4 25 | $32.6M | — | ||
| Q3 25 | $7.9M | — | ||
| Q2 25 | $20.8M | — | ||
| Q1 25 | $-3.0M | $-11.6M | ||
| Q4 24 | $49.2M | — | ||
| Q3 24 | $33.3M | — | ||
| Q2 24 | $16.1M | — | ||
| Q1 24 | $43.3M | — |
| Q4 25 | 31.0% | — | ||
| Q3 25 | 6.9% | — | ||
| Q2 25 | 19.6% | — | ||
| Q1 25 | -3.1% | -21.1% | ||
| Q4 24 | 48.9% | — | ||
| Q3 24 | 28.0% | — | ||
| Q2 24 | 15.5% | — | ||
| Q1 24 | 43.7% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.0% | 28.2% | ||
| Q4 24 | 0.4% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -6.27× | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 2.26× | 1.57× | ||
| Q2 24 | 2.81× | 2.13× | ||
| Q1 24 | 5.64× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
