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Side-by-side financial comparison of RING ENERGY, INC. (REI) 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 $66.9M, roughly 1.1× RING ENERGY, INC.). On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -19.8%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -15.9%).
Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.
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.
REI vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $73.5M |
| Net Profit | — | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | -37.6% | -22.9% |
| Net Margin | — | -20.3% |
| Revenue YoY | -19.8% | 22.0% |
| Net Profit YoY | — | -219.1% |
| EPS (diluted) | $-0.07 | $-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 | $66.9M | $73.5M | ||
| Q3 25 | $78.6M | $91.6M | ||
| Q2 25 | $82.6M | $54.9M | ||
| Q1 25 | $79.1M | $54.9M | ||
| Q4 24 | $83.4M | $60.2M | ||
| Q3 24 | $89.2M | $65.8M | ||
| Q2 24 | $99.1M | $67.5M | ||
| Q1 24 | $94.5M | $72.4M |
| Q4 25 | — | $-14.9M | ||
| Q3 25 | $-51.6M | $-795.0K | ||
| Q2 25 | $20.6M | $-14.9M | ||
| Q1 25 | $9.1M | $-6.5M | ||
| Q4 24 | — | $12.5M | ||
| Q3 24 | $33.9M | $20.0M | ||
| Q2 24 | $22.4M | $18.4M | ||
| Q1 24 | $5.5M | $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 | -37.6% | -22.9% | ||
| Q3 25 | -70.0% | 0.1% | ||
| Q2 25 | 28.4% | -30.8% | ||
| Q1 25 | 28.3% | -2.0% | ||
| Q4 24 | 28.3% | 34.5% | ||
| Q3 24 | 33.4% | 42.5% | ||
| Q2 24 | 42.2% | 43.8% | ||
| Q1 24 | 39.8% | 42.0% |
| Q4 25 | — | -20.3% | ||
| Q3 25 | -65.7% | -0.9% | ||
| Q2 25 | 25.0% | -27.2% | ||
| Q1 25 | 11.5% | -11.8% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | 38.0% | 30.4% | ||
| Q2 24 | 22.6% | 27.2% | ||
| Q1 24 | 5.8% | 28.2% |
| Q4 25 | $-0.07 | $-0.14 | ||
| Q3 25 | $-0.25 | $-0.01 | ||
| Q2 25 | $0.10 | $-0.15 | ||
| Q1 25 | $0.05 | $-0.07 | ||
| Q4 24 | $0.03 | $0.12 | ||
| Q3 24 | $0.17 | $0.20 | ||
| Q2 24 | $0.11 | $0.18 | ||
| Q1 24 | $0.03 | $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 | $902.9K | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $836.3M | $389.3M |
| Total Assets | $1.4B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $902.9K | $8.3M | ||
| Q3 25 | $286.9K | $30.4M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | $1.1M | $34.5M | ||
| Q4 24 | $1.9M | $190.7M | ||
| Q3 24 | — | $177.7M | ||
| Q2 24 | $1.2M | $154.3M | ||
| Q1 24 | $1.4M | $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 | $836.3M | $389.3M | ||
| Q3 25 | $847.7M | $402.4M | ||
| Q2 25 | $897.9M | $401.3M | ||
| Q1 25 | $876.0M | $415.3M | ||
| Q4 24 | $858.6M | $421.1M | ||
| Q3 24 | $851.3M | $417.6M | ||
| Q2 24 | $817.4M | $397.2M | ||
| Q1 24 | $793.0M | $375.5M |
| Q4 25 | $1.4B | $530.2M | ||
| Q3 25 | $1.4B | $541.2M | ||
| Q2 25 | $1.5B | $533.7M | ||
| Q1 25 | $1.5B | $562.5M | ||
| Q4 24 | $1.4B | $725.8M | ||
| Q3 24 | $1.4B | $709.8M | ||
| Q2 24 | $1.4B | $697.0M | ||
| Q1 24 | $1.4B | $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 | $44.7M | $5.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $44.7M | $5.7M | ||
| Q3 25 | $44.5M | $53.4M | ||
| Q2 25 | $33.3M | $11.1M | ||
| Q1 25 | $28.4M | $3.9M | ||
| Q4 24 | $47.3M | $30.6M | ||
| Q3 24 | $51.3M | $31.4M | ||
| Q2 24 | $50.6M | $39.1M | ||
| Q1 24 | $45.2M | $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 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.61× | — | ||
| Q1 25 | 3.11× | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 1.52× | 1.57× | ||
| Q2 24 | 2.26× | 2.13× | ||
| Q1 24 | 8.19× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
REI
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
