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Side-by-side financial comparison of PagerDuty, Inc. (PD) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $73.5M, roughly 1.7× Target Hospitality Corp.). PagerDuty, Inc. runs the higher net margin — 129.7% vs -20.3%, a 150.1% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 4.7%). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% CAGR vs 0.7%).
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
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.
PD vs TH — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $124.5M | $73.5M |
| Net Profit | $161.6M | $-14.9M |
| Gross Margin | 85.3% | 9.6% |
| Operating Margin | 6.5% | -22.9% |
| Net Margin | 129.7% | -20.3% |
| Revenue YoY | 4.7% | 22.0% |
| Net Profit YoY | 2827.7% | -219.1% |
| EPS (diluted) | $1.69 | $-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 | $124.5M | $73.5M | ||
| Q3 25 | $123.4M | $91.6M | ||
| Q2 25 | $119.8M | $54.9M | ||
| Q1 25 | $121.4M | $54.9M | ||
| Q4 24 | $118.9M | $60.2M | ||
| Q3 24 | $115.9M | $65.8M | ||
| Q2 24 | $111.2M | $67.5M | ||
| Q1 24 | $111.1M | $72.4M |
| Q4 25 | $161.6M | $-14.9M | ||
| Q3 25 | $9.6M | $-795.0K | ||
| Q2 25 | $-7.2M | $-14.9M | ||
| Q1 25 | $-8.8M | $-6.5M | ||
| Q4 24 | $-5.9M | $12.5M | ||
| Q3 24 | $-10.9M | $20.0M | ||
| Q2 24 | $-17.1M | $18.4M | ||
| Q1 24 | $-28.2M | $20.4M |
| Q4 25 | 85.3% | 9.6% | ||
| Q3 25 | 84.6% | 19.6% | ||
| Q2 25 | 84.0% | -0.6% | ||
| Q1 25 | 83.6% | 32.7% | ||
| Q4 24 | 83.0% | 61.5% | ||
| Q3 24 | 82.7% | 68.7% | ||
| Q2 24 | 82.6% | 69.4% | ||
| Q1 24 | 81.7% | 67.8% |
| Q4 25 | 6.5% | -22.9% | ||
| Q3 25 | 2.9% | 0.1% | ||
| Q2 25 | -8.6% | -30.8% | ||
| Q1 25 | -9.6% | -2.0% | ||
| Q4 24 | -8.7% | 34.5% | ||
| Q3 24 | -13.8% | 42.5% | ||
| Q2 24 | -19.5% | 43.8% | ||
| Q1 24 | -30.1% | 42.0% |
| Q4 25 | 129.7% | -20.3% | ||
| Q3 25 | 7.8% | -0.9% | ||
| Q2 25 | -6.0% | -27.2% | ||
| Q1 25 | -7.2% | -11.8% | ||
| Q4 24 | -5.0% | 20.8% | ||
| Q3 24 | -9.4% | 30.4% | ||
| Q2 24 | -15.4% | 27.2% | ||
| Q1 24 | -25.3% | 28.2% |
| Q4 25 | $1.69 | $-0.14 | ||
| Q3 25 | $0.10 | $-0.01 | ||
| Q2 25 | $-0.07 | $-0.15 | ||
| Q1 25 | $-0.12 | $-0.07 | ||
| Q4 24 | $-0.07 | $0.12 | ||
| Q3 24 | $-0.14 | $0.20 | ||
| Q2 24 | $-0.26 | $0.18 | ||
| Q1 24 | $-0.34 | $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 | $547.8M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $320.5M | $389.3M |
| Total Assets | $1.0B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $547.8M | $8.3M | ||
| Q3 25 | $567.9M | $30.4M | ||
| Q2 25 | $597.1M | $19.2M | ||
| Q1 25 | $570.8M | $34.5M | ||
| Q4 24 | $542.2M | $190.7M | ||
| Q3 24 | $599.3M | $177.7M | ||
| Q2 24 | $592.8M | $154.3M | ||
| Q1 24 | $571.2M | $124.3M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | $484.5M | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | $489.5M | $179.9M |
| Q4 25 | $320.5M | $389.3M | ||
| Q3 25 | $180.7M | $402.4M | ||
| Q2 25 | $145.7M | $401.3M | ||
| Q1 25 | $129.8M | $415.3M | ||
| Q4 24 | $111.6M | $421.1M | ||
| Q3 24 | $164.7M | $417.6M | ||
| Q2 24 | $174.0M | $397.2M | ||
| Q1 24 | $171.6M | $375.5M |
| Q4 25 | $1.0B | $530.2M | ||
| Q3 25 | $891.5M | $541.2M | ||
| Q2 25 | $926.8M | $533.7M | ||
| Q1 25 | $927.3M | $562.5M | ||
| Q4 24 | $866.8M | $725.8M | ||
| Q3 24 | $916.0M | $709.8M | ||
| Q2 24 | $924.0M | $697.0M | ||
| Q1 24 | $925.3M | $687.2M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | 3.73× | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | 2.85× | 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 | $24.8M | $5.7M |
| Free Cash FlowOCF − Capex | $24.1M | — |
| FCF MarginFCF / Revenue | 19.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | 0.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $117.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.8M | $5.7M | ||
| Q3 25 | $34.0M | $53.4M | ||
| Q2 25 | $30.7M | $11.1M | ||
| Q1 25 | $31.4M | $3.9M | ||
| Q4 24 | $22.1M | $30.6M | ||
| Q3 24 | $35.8M | $31.4M | ||
| Q2 24 | $28.6M | $39.1M | ||
| Q1 24 | $22.2M | $50.6M |
| Q4 25 | $24.1M | — | ||
| Q3 25 | $33.1M | — | ||
| Q2 25 | $30.2M | — | ||
| Q1 25 | $30.3M | $-11.6M | ||
| Q4 24 | $21.5M | — | ||
| Q3 24 | $35.1M | — | ||
| Q2 24 | $28.2M | — | ||
| Q1 24 | $21.2M | — |
| Q4 25 | 19.3% | — | ||
| Q3 25 | 26.8% | — | ||
| Q2 25 | 25.2% | — | ||
| Q1 25 | 24.9% | -21.1% | ||
| Q4 24 | 18.1% | — | ||
| Q3 24 | 30.3% | — | ||
| Q2 24 | 25.4% | — | ||
| Q1 24 | 19.1% | — |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.9% | 28.2% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.9% | — |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 3.55× | — | ||
| 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
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
