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Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) 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 $49.0M, roughly 1.5× Quipt Home Medical Corp.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -20.3%, a 18.2% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs 22.0%).
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
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.
QIPT vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.0M | $73.5M |
| Net Profit | $-1.1M | $-14.9M |
| Gross Margin | 53.5% | 9.6% |
| Operating Margin | 2.1% | -22.9% |
| Net Margin | -2.1% | -20.3% |
| Revenue YoY | 32.3% | 22.0% |
| Net Profit YoY | 2.9% | -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 | $49.0M | $73.5M | ||
| Q3 25 | $39.8M | $91.6M | ||
| Q2 25 | $35.1M | $54.9M | ||
| Q1 25 | $33.3M | $54.9M | ||
| Q4 24 | $37.1M | $60.2M | ||
| Q3 24 | — | $65.8M | ||
| Q2 24 | — | $67.5M | ||
| Q1 24 | — | $72.4M |
| Q4 25 | $-1.1M | $-14.9M | ||
| Q3 25 | $-3.5M | $-795.0K | ||
| Q2 25 | $-3.0M | $-14.9M | ||
| Q1 25 | $-3.0M | $-6.5M | ||
| Q4 24 | $-1.1M | $12.5M | ||
| Q3 24 | — | $20.0M | ||
| Q2 24 | — | $18.4M | ||
| Q1 24 | — | $20.4M |
| Q4 25 | 53.5% | 9.6% | ||
| Q3 25 | 48.7% | 19.6% | ||
| Q2 25 | 57.6% | -0.6% | ||
| Q1 25 | 54.6% | 32.7% | ||
| Q4 24 | 52.1% | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
| Q4 25 | 2.1% | -22.9% | ||
| Q3 25 | -3.6% | 0.1% | ||
| Q2 25 | -5.2% | -30.8% | ||
| Q1 25 | -3.0% | -2.0% | ||
| Q4 24 | 1.2% | 34.5% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 42.0% |
| Q4 25 | -2.1% | -20.3% | ||
| Q3 25 | -8.9% | -0.9% | ||
| Q2 25 | -8.6% | -27.2% | ||
| Q1 25 | -9.1% | -11.8% | ||
| Q4 24 | -2.9% | 20.8% | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 27.2% | ||
| Q1 24 | — | 28.2% |
| Q4 25 | $-0.02 | $-0.14 | ||
| Q3 25 | $-0.07 | $-0.01 | ||
| Q2 25 | $-0.07 | $-0.15 | ||
| Q1 25 | $-0.07 | $-0.07 | ||
| Q4 24 | $-0.03 | $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 | $10.5M | $8.3M |
| Total DebtLower is stronger | $84.0M | $1.7M |
| Stockholders' EquityBook value | $113.0M | $389.3M |
| Total Assets | $280.7M | $530.2M |
| Debt / EquityLower = less leverage | 0.74× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $8.3M | ||
| Q3 25 | $12.9M | $30.4M | ||
| Q2 25 | $11.3M | $19.2M | ||
| Q1 25 | $17.1M | $34.5M | ||
| Q4 24 | $15.5M | $190.7M | ||
| Q3 24 | — | $177.7M | ||
| Q2 24 | — | $154.3M | ||
| Q1 24 | — | $124.3M |
| Q4 25 | $84.0M | $1.7M | ||
| Q3 25 | $87.6M | $2.0M | ||
| Q2 25 | $66.0M | $26.3M | ||
| Q1 25 | $71.5M | $42.9M | ||
| Q4 24 | $70.6M | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $113.0M | $389.3M | ||
| Q3 25 | $112.1M | $402.4M | ||
| Q2 25 | $102.5M | $401.3M | ||
| Q1 25 | $103.6M | $415.3M | ||
| Q4 24 | $106.3M | $421.1M | ||
| Q3 24 | — | $417.6M | ||
| Q2 24 | — | $397.2M | ||
| Q1 24 | — | $375.5M |
| Q4 25 | $280.7M | $530.2M | ||
| Q3 25 | $283.3M | $541.2M | ||
| Q2 25 | $236.1M | $533.7M | ||
| Q1 25 | $244.6M | $562.5M | ||
| Q4 24 | $242.8M | $725.8M | ||
| Q3 24 | — | $709.8M | ||
| Q2 24 | — | $697.0M | ||
| Q1 24 | — | $687.2M |
| Q4 25 | 0.74× | 0.00× | ||
| Q3 25 | 0.78× | 0.01× | ||
| Q2 25 | 0.64× | 0.07× | ||
| Q1 25 | 0.69× | 0.10× | ||
| Q4 24 | 0.66× | 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 | $8.9M | $5.7M |
| Free Cash FlowOCF − Capex | $6.9M | — |
| FCF MarginFCF / Revenue | 14.0% | — |
| Capex IntensityCapex / Revenue | 4.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.9M | $5.7M | ||
| Q3 25 | $9.8M | $53.4M | ||
| Q2 25 | $9.7M | $11.1M | ||
| Q1 25 | $8.9M | $3.9M | ||
| Q4 24 | $9.3M | $30.6M | ||
| Q3 24 | — | $31.4M | ||
| Q2 24 | — | $39.1M | ||
| Q1 24 | — | $50.6M |
| Q4 25 | $6.9M | — | ||
| Q3 25 | $8.0M | — | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $7.3M | $-11.6M | ||
| Q4 24 | $5.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 14.0% | — | ||
| Q3 25 | 20.0% | — | ||
| Q2 25 | 12.6% | — | ||
| Q1 25 | 22.0% | -21.1% | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 4.2% | — | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 14.9% | — | ||
| Q1 25 | 4.8% | 28.2% | ||
| Q4 24 | 9.9% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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
QIPT
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
