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Side-by-side financial comparison of SANDRIDGE ENERGY INC (SD) 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 $39.4M, roughly 1.9× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs -20.3%, a 75.3% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 1.1%). Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% CAGR vs 0.7%).
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
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.
SD vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $39.4M | $73.5M |
| Net Profit | $21.6M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 38.5% | -22.9% |
| Net Margin | 54.9% | -20.3% |
| Revenue YoY | 1.1% | 22.0% |
| Net Profit YoY | 23.1% | -219.1% |
| EPS (diluted) | $0.59 | $-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 | $39.4M | $73.5M | ||
| Q3 25 | $39.8M | $91.6M | ||
| Q2 25 | $34.5M | $54.9M | ||
| Q1 25 | $42.6M | $54.9M | ||
| Q4 24 | $39.0M | $60.2M | ||
| Q3 24 | $30.1M | $65.8M | ||
| Q2 24 | $26.0M | $67.5M | ||
| Q1 24 | $30.3M | $72.4M |
| Q4 25 | $21.6M | $-14.9M | ||
| Q3 25 | $16.0M | $-795.0K | ||
| Q2 25 | $19.6M | $-14.9M | ||
| Q1 25 | $13.0M | $-6.5M | ||
| Q4 24 | $17.6M | $12.5M | ||
| Q3 24 | $25.5M | $20.0M | ||
| Q2 24 | $8.8M | $18.4M | ||
| Q1 24 | $11.1M | $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 | 38.5% | -22.9% | ||
| Q3 25 | 37.8% | 0.1% | ||
| Q2 25 | 53.7% | -30.8% | ||
| Q1 25 | 28.6% | -2.0% | ||
| Q4 24 | 25.9% | 34.5% | ||
| Q3 24 | 28.3% | 42.5% | ||
| Q2 24 | 23.9% | 43.8% | ||
| Q1 24 | 27.8% | 42.0% |
| Q4 25 | 54.9% | -20.3% | ||
| Q3 25 | 40.1% | -0.9% | ||
| Q2 25 | 56.6% | -27.2% | ||
| Q1 25 | 30.6% | -11.8% | ||
| Q4 24 | 45.1% | 20.8% | ||
| Q3 24 | 84.8% | 30.4% | ||
| Q2 24 | 33.9% | 27.2% | ||
| Q1 24 | 36.7% | 28.2% |
| Q4 25 | $0.59 | $-0.14 | ||
| Q3 25 | $0.43 | $-0.01 | ||
| Q2 25 | $0.53 | $-0.15 | ||
| Q1 25 | $0.35 | $-0.07 | ||
| Q4 24 | $0.46 | $0.12 | ||
| Q3 24 | $0.69 | $0.20 | ||
| Q2 24 | $0.24 | $0.18 | ||
| Q1 24 | $0.30 | $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 | $111.0M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $510.9M | $389.3M |
| Total Assets | $644.0M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.0M | $8.3M | ||
| Q3 25 | $101.2M | $30.4M | ||
| Q2 25 | $102.8M | $19.2M | ||
| Q1 25 | $99.7M | $34.5M | ||
| Q4 24 | $98.1M | $190.7M | ||
| Q3 24 | $92.7M | $177.7M | ||
| Q2 24 | $209.9M | $154.3M | ||
| Q1 24 | $207.0M | $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 | $510.9M | $389.3M | ||
| Q3 25 | $492.4M | $402.4M | ||
| Q2 25 | $480.2M | $401.3M | ||
| Q1 25 | $464.9M | $415.3M | ||
| Q4 24 | $460.5M | $421.1M | ||
| Q3 24 | $446.8M | $417.6M | ||
| Q2 24 | $424.8M | $397.2M | ||
| Q1 24 | $419.7M | $375.5M |
| Q4 25 | $644.0M | $530.2M | ||
| Q3 25 | $619.0M | $541.2M | ||
| Q2 25 | $602.3M | $533.7M | ||
| Q1 25 | $588.3M | $562.5M | ||
| Q4 24 | $581.5M | $725.8M | ||
| Q3 24 | $565.2M | $709.8M | ||
| Q2 24 | $529.6M | $697.0M | ||
| Q1 24 | $527.4M | $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 | $31.7M | $5.7M |
| Free Cash FlowOCF − Capex | $14.4M | — |
| FCF MarginFCF / Revenue | 36.6% | — |
| Capex IntensityCapex / Revenue | 43.8% | — |
| Cash ConversionOCF / Net Profit | 1.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.7M | $5.7M | ||
| Q3 25 | $25.3M | $53.4M | ||
| Q2 25 | $22.9M | $11.1M | ||
| Q1 25 | $20.3M | $3.9M | ||
| Q4 24 | $26.0M | $30.6M | ||
| Q3 24 | $20.8M | $31.4M | ||
| Q2 24 | $11.4M | $39.1M | ||
| Q1 24 | $15.7M | $50.6M |
| Q4 25 | $14.4M | — | ||
| Q3 25 | $5.9M | — | ||
| Q2 25 | $7.3M | — | ||
| Q1 25 | $13.9M | $-11.6M | ||
| Q4 24 | $13.2M | — | ||
| Q3 24 | $10.8M | — | ||
| Q2 24 | $9.0M | — | ||
| Q1 24 | $14.6M | — |
| Q4 25 | 36.6% | — | ||
| Q3 25 | 14.9% | — | ||
| Q2 25 | 21.0% | — | ||
| Q1 25 | 32.7% | -21.1% | ||
| Q4 24 | 33.8% | — | ||
| Q3 24 | 36.1% | — | ||
| Q2 24 | 34.5% | — | ||
| Q1 24 | 48.1% | — |
| Q4 25 | 43.8% | — | ||
| Q3 25 | 48.6% | — | ||
| Q2 25 | 45.2% | — | ||
| Q1 25 | 15.0% | 28.2% | ||
| Q4 24 | 32.9% | — | ||
| Q3 24 | 33.3% | — | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 3.7% | — |
| Q4 25 | 1.46× | — | ||
| Q3 25 | 1.58× | — | ||
| Q2 25 | 1.17× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 1.48× | 2.44× | ||
| Q3 24 | 0.82× | 1.57× | ||
| Q2 24 | 1.30× | 2.13× | ||
| Q1 24 | 1.41× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
