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Side-by-side financial comparison of READING INTERNATIONAL INC (RDI) 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 $50.3M, roughly 1.5× READING INTERNATIONAL INC). READING INTERNATIONAL INC runs the higher net margin — -5.1% vs -20.3%, a 15.2% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -14.2%). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% CAGR vs 0.7%).
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
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.
RDI vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $50.3M | $73.5M |
| Net Profit | $-2.6M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | -1.9% | -22.9% |
| Net Margin | -5.1% | -20.3% |
| Revenue YoY | -14.2% | 22.0% |
| Net Profit YoY | -14.5% | -219.1% |
| EPS (diluted) | $-0.11 | $-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 | $50.3M | $73.5M | ||
| Q3 25 | $52.2M | $91.6M | ||
| Q2 25 | $60.4M | $54.9M | ||
| Q1 25 | $40.2M | $54.9M | ||
| Q4 24 | $58.6M | $60.2M | ||
| Q3 24 | $60.1M | $65.8M | ||
| Q2 24 | $46.8M | $67.5M | ||
| Q1 24 | $45.1M | $72.4M |
| Q4 25 | $-2.6M | $-14.9M | ||
| Q3 25 | $-4.2M | $-795.0K | ||
| Q2 25 | $-2.7M | $-14.9M | ||
| Q1 25 | $-4.8M | $-6.5M | ||
| Q4 24 | $-2.2M | $12.5M | ||
| Q3 24 | $-7.0M | $20.0M | ||
| Q2 24 | $-12.8M | $18.4M | ||
| Q1 24 | $-13.2M | $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 | -1.9% | -22.9% | ||
| Q3 25 | -0.6% | 0.1% | ||
| Q2 25 | 4.8% | -30.8% | ||
| Q1 25 | -17.2% | -2.0% | ||
| Q4 24 | 2.6% | 34.5% | ||
| Q3 24 | -0.6% | 42.5% | ||
| Q2 24 | -16.4% | 43.8% | ||
| Q1 24 | -16.7% | 42.0% |
| Q4 25 | -5.1% | -20.3% | ||
| Q3 25 | -8.0% | -0.9% | ||
| Q2 25 | -4.4% | -27.2% | ||
| Q1 25 | -11.8% | -11.8% | ||
| Q4 24 | -3.8% | 20.8% | ||
| Q3 24 | -11.7% | 30.4% | ||
| Q2 24 | -27.4% | 27.2% | ||
| Q1 24 | -29.4% | 28.2% |
| Q4 25 | $-0.11 | $-0.14 | ||
| Q3 25 | $-0.18 | $-0.01 | ||
| Q2 25 | $-0.12 | $-0.15 | ||
| Q1 25 | $-0.21 | $-0.07 | ||
| Q4 24 | $-0.11 | $0.12 | ||
| Q3 24 | $-0.31 | $0.20 | ||
| Q2 24 | $-0.57 | $0.18 | ||
| Q1 24 | $-0.59 | $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 | $185.1M | $1.7M |
| Stockholders' EquityBook value | $-18.2M | $389.3M |
| Total Assets | $434.9M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $8.3M | ||
| Q3 25 | $8.1M | $30.4M | ||
| Q2 25 | $9.1M | $19.2M | ||
| Q1 25 | $5.9M | $34.5M | ||
| Q4 24 | $12.4M | $190.7M | ||
| Q3 24 | $10.1M | $177.7M | ||
| Q2 24 | $9.3M | $154.3M | ||
| Q1 24 | $7.5M | $124.3M |
| Q4 25 | $185.1M | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | $202.7M | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $-18.2M | $389.3M | ||
| Q3 25 | $-12.1M | $402.4M | ||
| Q2 25 | $-7.7M | $401.3M | ||
| Q1 25 | $-8.1M | $415.3M | ||
| Q4 24 | $-4.4M | $421.1M | ||
| Q3 24 | $1.6M | $417.6M | ||
| Q2 24 | $6.5M | $397.2M | ||
| Q1 24 | $18.0M | $375.5M |
| Q4 25 | $434.9M | $530.2M | ||
| Q3 25 | $435.2M | $541.2M | ||
| Q2 25 | $438.1M | $533.7M | ||
| Q1 25 | $441.0M | $562.5M | ||
| Q4 24 | $471.0M | $725.8M | ||
| Q3 24 | $495.7M | $709.8M | ||
| Q2 24 | $494.9M | $697.0M | ||
| Q1 24 | $494.9M | $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 | $4.3M | $5.7M |
| Free Cash FlowOCF − Capex | $4.1M | — |
| FCF MarginFCF / Revenue | 8.2% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.3M | $5.7M | ||
| Q3 25 | $295.0K | $53.4M | ||
| Q2 25 | $1.6M | $11.1M | ||
| Q1 25 | $-7.7M | $3.9M | ||
| Q4 24 | $8.0M | $30.6M | ||
| Q3 24 | $1.3M | $31.4M | ||
| Q2 24 | $-10.4M | $39.1M | ||
| Q1 24 | $-2.8M | $50.6M |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $-246.0K | — | ||
| Q2 25 | $1.2M | — | ||
| Q1 25 | $-8.0M | $-11.6M | ||
| Q4 24 | $7.0M | — | ||
| Q3 24 | $-1.1M | — | ||
| Q2 24 | $-10.6M | — | ||
| Q1 24 | $-4.7M | — |
| Q4 25 | 8.2% | — | ||
| Q3 25 | -0.5% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | -19.8% | -21.1% | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | -1.8% | — | ||
| Q2 24 | -22.7% | — | ||
| Q1 24 | -10.4% | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.6% | 28.2% | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 4.3% | — |
| 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
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
