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Side-by-side financial comparison of Ouster, Inc. (OUST) 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 $62.2M, roughly 1.2× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 22.0%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs 0.7%).
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
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.
OUST vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $62.2M | $73.5M |
| Net Profit | — | $-14.9M |
| Gross Margin | 60.2% | 9.6% |
| Operating Margin | 1.5% | -22.9% |
| Net Margin | — | -20.3% |
| Revenue YoY | 106.6% | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $0.10 | $-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 | $62.2M | $73.5M | ||
| Q3 25 | $39.5M | $91.6M | ||
| Q2 25 | $35.0M | $54.9M | ||
| Q1 25 | $32.6M | $54.9M | ||
| Q4 24 | $30.1M | $60.2M | ||
| Q3 24 | $28.1M | $65.8M | ||
| Q2 24 | $27.0M | $67.5M | ||
| Q1 24 | $25.9M | $72.4M |
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $-21.7M | $-795.0K | ||
| Q2 25 | $-20.6M | $-14.9M | ||
| Q1 25 | $-22.0M | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $-25.6M | $20.0M | ||
| Q2 24 | $-23.9M | $18.4M | ||
| Q1 24 | $-23.8M | $20.4M |
| Q4 25 | 60.2% | 9.6% | ||
| Q3 25 | 42.1% | 19.6% | ||
| Q2 25 | 45.2% | -0.6% | ||
| Q1 25 | 41.3% | 32.7% | ||
| Q4 24 | 43.8% | 61.5% | ||
| Q3 24 | 38.3% | 68.7% | ||
| Q2 24 | 33.7% | 69.4% | ||
| Q1 24 | 28.6% | 67.8% |
| Q4 25 | 1.5% | -22.9% | ||
| Q3 25 | -61.4% | 0.1% | ||
| Q2 25 | -76.5% | -30.8% | ||
| Q1 25 | -73.0% | -2.0% | ||
| Q4 24 | -85.1% | 34.5% | ||
| Q3 24 | -98.0% | 42.5% | ||
| Q2 24 | -93.6% | 43.8% | ||
| Q1 24 | -99.5% | 42.0% |
| Q4 25 | — | -20.3% | ||
| Q3 25 | -55.0% | -0.9% | ||
| Q2 25 | -58.8% | -27.2% | ||
| Q1 25 | -67.5% | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | -91.1% | 30.4% | ||
| Q2 24 | -88.4% | 27.2% | ||
| Q1 24 | -91.9% | 28.2% |
| Q4 25 | $0.10 | $-0.14 | ||
| Q3 25 | $-0.37 | $-0.01 | ||
| Q2 25 | $-0.38 | $-0.15 | ||
| Q1 25 | $-0.42 | $-0.07 | ||
| Q4 24 | $-0.46 | $0.12 | ||
| Q3 24 | $-0.54 | $0.20 | ||
| Q2 24 | $-0.53 | $0.18 | ||
| Q1 24 | $-0.55 | $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 | $208.6M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $261.7M | $389.3M |
| Total Assets | $349.5M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $208.6M | $8.3M | ||
| Q3 25 | $244.5M | $30.4M | ||
| Q2 25 | $226.5M | $19.2M | ||
| Q1 25 | $168.2M | $34.5M | ||
| Q4 24 | $172.0M | $190.7M | ||
| Q3 24 | $151.4M | $177.7M | ||
| Q2 24 | $184.2M | $154.3M | ||
| Q1 24 | $187.8M | $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 | $261.7M | $389.3M | ||
| Q3 25 | $247.4M | $402.4M | ||
| Q2 25 | $221.0M | $401.3M | ||
| Q1 25 | $167.9M | $415.3M | ||
| Q4 24 | $180.9M | $421.1M | ||
| Q3 24 | $171.7M | $417.6M | ||
| Q2 24 | $170.6M | $397.2M | ||
| Q1 24 | $167.2M | $375.5M |
| Q4 25 | $349.5M | $530.2M | ||
| Q3 25 | $353.8M | $541.2M | ||
| Q2 25 | $321.8M | $533.7M | ||
| Q1 25 | $268.6M | $562.5M | ||
| Q4 24 | $276.1M | $725.8M | ||
| Q3 24 | $255.2M | $709.8M | ||
| Q2 24 | $309.9M | $697.0M | ||
| Q1 24 | $317.7M | $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 | $-15.4M | $5.7M |
| Free Cash FlowOCF − Capex | $-37.2M | — |
| FCF MarginFCF / Revenue | -59.8% | — |
| Capex IntensityCapex / Revenue | 35.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-64.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-15.4M | $5.7M | ||
| Q3 25 | $-18.3M | $53.4M | ||
| Q2 25 | $-1.3M | $11.1M | ||
| Q1 25 | $-4.9M | $3.9M | ||
| Q4 24 | $-2.6M | $30.6M | ||
| Q3 24 | $-3.8M | $31.4M | ||
| Q2 24 | $-21.6M | $39.1M | ||
| Q1 24 | $-5.7M | $50.6M |
| Q4 25 | $-37.2M | — | ||
| Q3 25 | $-20.0M | — | ||
| Q2 25 | $-2.2M | — | ||
| Q1 25 | $-5.4M | $-11.6M | ||
| Q4 24 | $-4.0M | — | ||
| Q3 24 | $-4.3M | — | ||
| Q2 24 | $-22.0M | — | ||
| Q1 24 | $-7.1M | — |
| Q4 25 | -59.8% | — | ||
| Q3 25 | -50.7% | — | ||
| Q2 25 | -6.3% | — | ||
| Q1 25 | -16.6% | -21.1% | ||
| Q4 24 | -13.3% | — | ||
| Q3 24 | -15.4% | — | ||
| Q2 24 | -81.5% | — | ||
| Q1 24 | -27.4% | — |
| Q4 25 | 35.0% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 1.7% | 28.2% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 2.0% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | 5.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 2.13× | ||
| Q1 24 | — | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OUST
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
