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Side-by-side financial comparison of RHYTHM PHARMACEUTICALS, INC. (RYTM) 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 $57.3M, roughly 1.3× RHYTHM PHARMACEUTICALS, INC.). Target Hospitality Corp. runs the higher net margin — -20.3% vs -83.0%, a 62.6% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 22.0%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% CAGR vs 0.7%).

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

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.

RYTM vs TH — Head-to-Head

Bigger by revenue
TH
TH
1.3× larger
TH
$73.5M
$57.3M
RYTM
Growing faster (revenue YoY)
RYTM
RYTM
+14.9% gap
RYTM
36.9%
22.0%
TH
Higher net margin
TH
TH
62.6% more per $
TH
-20.3%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
0.7%
TH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RYTM
RYTM
TH
TH
Revenue
$57.3M
$73.5M
Net Profit
$-47.5M
$-14.9M
Gross Margin
91.6%
9.6%
Operating Margin
-82.2%
-22.9%
Net Margin
-83.0%
-20.3%
Revenue YoY
36.9%
22.0%
Net Profit YoY
-9.6%
-219.1%
EPS (diluted)
$-0.73
$-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.

Revenue
RYTM
RYTM
TH
TH
Q4 25
$57.3M
$73.5M
Q3 25
$51.3M
$91.6M
Q2 25
$48.5M
$54.9M
Q1 25
$32.7M
$54.9M
Q4 24
$41.8M
$60.2M
Q3 24
$33.3M
$65.8M
Q2 24
$29.1M
$67.5M
Q1 24
$26.0M
$72.4M
Net Profit
RYTM
RYTM
TH
TH
Q4 25
$-47.5M
$-14.9M
Q3 25
$-52.9M
$-795.0K
Q2 25
$-46.6M
$-14.9M
Q1 25
$-49.5M
$-6.5M
Q4 24
$-43.3M
$12.5M
Q3 24
$-43.6M
$20.0M
Q2 24
$-32.3M
$18.4M
Q1 24
$-141.4M
$20.4M
Gross Margin
RYTM
RYTM
TH
TH
Q4 25
91.6%
9.6%
Q3 25
89.3%
19.6%
Q2 25
88.6%
-0.6%
Q1 25
88.8%
32.7%
Q4 24
90.9%
61.5%
Q3 24
88.5%
68.7%
Q2 24
89.9%
69.4%
Q1 24
89.2%
67.8%
Operating Margin
RYTM
RYTM
TH
TH
Q4 25
-82.2%
-22.9%
Q3 25
-102.6%
0.1%
Q2 25
-93.4%
-30.8%
Q1 25
-143.7%
-2.0%
Q4 24
-98.6%
34.5%
Q3 24
-132.0%
42.5%
Q2 24
-139.2%
43.8%
Q1 24
-538.7%
42.0%
Net Margin
RYTM
RYTM
TH
TH
Q4 25
-83.0%
-20.3%
Q3 25
-103.1%
-0.9%
Q2 25
-96.1%
-27.2%
Q1 25
-151.4%
-11.8%
Q4 24
-103.6%
20.8%
Q3 24
-131.2%
30.4%
Q2 24
-110.9%
27.2%
Q1 24
-544.4%
28.2%
EPS (diluted)
RYTM
RYTM
TH
TH
Q4 25
$-0.73
$-0.14
Q3 25
$-0.82
$-0.01
Q2 25
$-0.75
$-0.15
Q1 25
$-0.81
$-0.07
Q4 24
$-0.71
$0.12
Q3 24
$-0.73
$0.20
Q2 24
$-0.55
$0.18
Q1 24
$-2.35
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
RYTM
RYTM
TH
TH
Cash + ST InvestmentsLiquidity on hand
$388.9M
$8.3M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$139.1M
$389.3M
Total Assets
$480.2M
$530.2M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RYTM
RYTM
TH
TH
Q4 25
$388.9M
$8.3M
Q3 25
$416.1M
$30.4M
Q2 25
$291.0M
$19.2M
Q1 25
$314.5M
$34.5M
Q4 24
$320.6M
$190.7M
Q3 24
$298.4M
$177.7M
Q2 24
$319.1M
$154.3M
Q1 24
$201.2M
$124.3M
Total Debt
RYTM
RYTM
TH
TH
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
Stockholders' Equity
RYTM
RYTM
TH
TH
Q4 25
$139.1M
$389.3M
Q3 25
$148.8M
$402.4M
Q2 25
$-11.9M
$401.3M
Q1 25
$18.9M
$415.3M
Q4 24
$21.7M
$421.1M
Q3 24
$11.2M
$417.6M
Q2 24
$39.3M
$397.2M
Q1 24
$61.6M
$375.5M
Total Assets
RYTM
RYTM
TH
TH
Q4 25
$480.2M
$530.2M
Q3 25
$506.9M
$541.2M
Q2 25
$372.7M
$533.7M
Q1 25
$386.7M
$562.5M
Q4 24
$392.3M
$725.8M
Q3 24
$363.6M
$709.8M
Q2 24
$381.8M
$697.0M
Q1 24
$258.7M
$687.2M
Debt / Equity
RYTM
RYTM
TH
TH
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
RYTM
RYTM
TH
TH
Operating Cash FlowLast quarter
$-25.4M
$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.

Operating Cash Flow
RYTM
RYTM
TH
TH
Q4 25
$-25.4M
$5.7M
Q3 25
$-26.6M
$53.4M
Q2 25
$-23.3M
$11.1M
Q1 25
$-40.4M
$3.9M
Q4 24
$-18.8M
$30.6M
Q3 24
$-25.2M
$31.4M
Q2 24
$-29.1M
$39.1M
Q1 24
$-40.7M
$50.6M
Free Cash Flow
RYTM
RYTM
TH
TH
Q4 25
Q3 25
Q2 25
Q1 25
$-11.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
RYTM
RYTM
TH
TH
Q4 25
Q3 25
Q2 25
Q1 25
-21.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
RYTM
RYTM
TH
TH
Q4 25
Q3 25
Q2 25
Q1 25
28.2%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
RYTM
RYTM
TH
TH
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

RYTM
RYTM

Segment breakdown not available.

TH
TH

Services$40.9M56%
Hospitality And Facilities Services South$32.6M44%

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