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Side-by-side financial comparison of Orchid Island Capital, Inc. (ORC) 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 $38.5M, roughly 1.9× Orchid Island Capital, Inc.). Orchid Island Capital, Inc. runs the higher net margin — 268.7% vs -20.3%, a 289.1% gap on every dollar of revenue. On growth, Orchid Island Capital, Inc. posted the faster year-over-year revenue change (372.6% vs 22.0%). Over the past eight quarters, Orchid Island Capital, Inc.'s revenue compounded faster (301.6% CAGR vs 0.7%).
Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.
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.
ORC vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.5M | $73.5M |
| Net Profit | $103.4M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | 268.7% | -20.3% |
| Revenue YoY | 372.6% | 22.0% |
| Net Profit YoY | 1764.9% | -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.
| Q4 25 | $38.5M | $73.5M | ||
| Q3 25 | $26.9M | $91.6M | ||
| Q2 25 | $23.2M | $54.9M | ||
| Q1 25 | $19.7M | $54.9M | ||
| Q4 24 | — | $60.2M | ||
| Q3 24 | $340.0K | $65.8M | ||
| Q2 24 | $-697.0K | $67.5M | ||
| Q1 24 | $-2.5M | $72.4M |
| Q4 25 | $103.4M | $-14.9M | ||
| Q3 25 | $72.1M | $-795.0K | ||
| Q2 25 | $-33.6M | $-14.9M | ||
| Q1 25 | $17.1M | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $17.3M | $20.0M | ||
| Q2 24 | $-5.0M | $18.4M | ||
| Q1 24 | $19.8M | $20.4M |
| 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% |
| Q4 25 | — | -22.9% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | -30.8% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | — | 34.5% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 42.0% |
| Q4 25 | 268.7% | -20.3% | ||
| Q3 25 | 267.8% | -0.9% | ||
| Q2 25 | -145.0% | -27.2% | ||
| Q1 25 | 86.9% | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | 5094.1% | 30.4% | ||
| Q2 24 | 714.3% | 27.2% | ||
| Q1 24 | -794.2% | 28.2% |
| Q4 25 | — | $-0.14 | ||
| Q3 25 | — | $-0.01 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | — | $0.12 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.18 | ||
| Q1 24 | — | $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 | $665.9M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $1.4B | $389.3M |
| Total Assets | $11.7B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $665.9M | $8.3M | ||
| Q3 25 | $583.9M | $30.4M | ||
| Q2 25 | $440.8M | $19.2M | ||
| Q1 25 | $396.4M | $34.5M | ||
| Q4 24 | — | $190.7M | ||
| Q3 24 | $322.1M | $177.7M | ||
| Q2 24 | $241.0M | $154.3M | ||
| Q1 24 | $190.4M | $124.3M |
| Q4 25 | — | $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 | — | $179.9M |
| Q4 25 | $1.4B | $389.3M | ||
| Q3 25 | $1.1B | $402.4M | ||
| Q2 25 | $912.0M | $401.3M | ||
| Q1 25 | $855.9M | $415.3M | ||
| Q4 24 | — | $421.1M | ||
| Q3 24 | $656.0M | $417.6M | ||
| Q2 24 | $555.9M | $397.2M | ||
| Q1 24 | $481.6M | $375.5M |
| Q4 25 | $11.7B | $530.2M | ||
| Q3 25 | $9.1B | $541.2M | ||
| Q2 25 | $7.6B | $533.7M | ||
| Q1 25 | $7.3B | $562.5M | ||
| Q4 24 | — | $725.8M | ||
| Q3 24 | $5.9B | $709.8M | ||
| Q2 24 | $4.9B | $697.0M | ||
| Q1 24 | $4.2B | $687.2M |
| Q4 25 | — | 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 | — | 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 | $120.4M | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 1.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $120.4M | $5.7M | ||
| Q3 25 | $28.0M | $53.4M | ||
| Q2 25 | $18.4M | $11.1M | ||
| Q1 25 | $25.8M | $3.9M | ||
| Q4 24 | — | $30.6M | ||
| Q3 24 | $-14.8M | $31.4M | ||
| Q2 24 | $19.3M | $39.1M | ||
| Q1 24 | $45.0M | $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 | 1.16× | — | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | -0.86× | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | 2.28× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ORC
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
