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Side-by-side financial comparison of Sezzle Inc. (SEZL) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Sezzle Inc. is the larger business by last-quarter revenue ($78.2M vs $73.5M, roughly 1.1× Target Hospitality Corp.). Sezzle Inc. runs the higher net margin — 54.6% vs -20.3%, a 74.9% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (61.6% vs 22.0%). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (76.0% CAGR vs 0.7%).
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S, with operations in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores. As of June 2021, the Sezzle platform had over 10 million user sign-ups and over 48,000 participating merchants.
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.
SEZL vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $73.5M |
| Net Profit | $42.7M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 70.6% | -22.9% |
| Net Margin | 54.6% | -20.3% |
| Revenue YoY | 61.6% | 22.0% |
| Net Profit YoY | 68.3% | -219.1% |
| EPS (diluted) | $1.19 | $-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 | $78.2M | $73.5M | ||
| Q3 25 | $57.5M | $91.6M | ||
| Q2 25 | $52.0M | $54.9M | ||
| Q1 25 | $48.2M | $54.9M | ||
| Q4 24 | $48.4M | $60.2M | ||
| Q3 24 | $35.6M | $65.8M | ||
| Q2 24 | $30.2M | $67.5M | ||
| Q1 24 | $25.2M | $72.4M |
| Q4 25 | $42.7M | $-14.9M | ||
| Q3 25 | $26.7M | $-795.0K | ||
| Q2 25 | $27.6M | $-14.9M | ||
| Q1 25 | $36.2M | $-6.5M | ||
| Q4 24 | $25.4M | $12.5M | ||
| Q3 24 | $15.4M | $20.0M | ||
| Q2 24 | $29.7M | $18.4M | ||
| Q1 24 | $8.0M | $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 | 70.6% | -22.9% | ||
| Q3 25 | 61.9% | 0.1% | ||
| Q2 25 | 69.4% | -30.8% | ||
| Q1 25 | — | -2.0% | ||
| Q4 24 | 63.8% | 34.5% | ||
| Q3 24 | 58.6% | 42.5% | ||
| Q2 24 | 55.3% | 43.8% | ||
| Q1 24 | 54.8% | 42.0% |
| Q4 25 | 54.6% | -20.3% | ||
| Q3 25 | 46.4% | -0.9% | ||
| Q2 25 | 53.1% | -27.2% | ||
| Q1 25 | 75.1% | -11.8% | ||
| Q4 24 | 52.4% | 20.8% | ||
| Q3 24 | 43.4% | 30.4% | ||
| Q2 24 | 98.4% | 27.2% | ||
| Q1 24 | 31.7% | 28.2% |
| Q4 25 | $1.19 | $-0.14 | ||
| Q3 25 | $0.75 | $-0.01 | ||
| Q2 25 | $0.78 | $-0.15 | ||
| Q1 25 | $1.00 | $-0.07 | ||
| Q4 24 | $0.71 | $0.12 | ||
| Q3 24 | $0.44 | $0.20 | ||
| Q2 24 | $0.82 | $0.18 | ||
| Q1 24 | $0.22 | $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 | $64.1M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $169.8M | $389.3M |
| Total Assets | $400.2M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $8.3M | ||
| Q3 25 | $104.1M | $30.4M | ||
| Q2 25 | $88.9M | $19.2M | ||
| Q1 25 | $88.9M | $34.5M | ||
| Q4 24 | $73.2M | $190.7M | ||
| Q3 24 | $80.1M | $177.7M | ||
| Q2 24 | $58.0M | $154.3M | ||
| Q1 24 | $77.8M | $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 | $169.8M | $389.3M | ||
| Q3 25 | $155.3M | $402.4M | ||
| Q2 25 | $130.4M | $401.3M | ||
| Q1 25 | $125.8M | $415.3M | ||
| Q4 24 | $87.8M | $421.1M | ||
| Q3 24 | $61.1M | $417.6M | ||
| Q2 24 | $50.3M | $397.2M | ||
| Q1 24 | $29.6M | $375.5M |
| Q4 25 | $400.2M | $530.2M | ||
| Q3 25 | $367.0M | $541.2M | ||
| Q2 25 | $350.6M | $533.7M | ||
| Q1 25 | $298.1M | $562.5M | ||
| Q4 24 | $298.4M | $725.8M | ||
| Q3 24 | $252.9M | $709.8M | ||
| Q2 24 | $212.1M | $697.0M | ||
| Q1 24 | $195.7M | $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 | $70.6M | $5.7M |
| Free Cash FlowOCF − Capex | $70.6M | — |
| FCF MarginFCF / Revenue | 90.2% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | 1.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $209.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $70.6M | $5.7M | ||
| Q3 25 | $63.7M | $53.4M | ||
| Q2 25 | $23.1M | $11.1M | ||
| Q1 25 | $52.5M | $3.9M | ||
| Q4 24 | $57.4M | $30.6M | ||
| Q3 24 | $35.1M | $31.4M | ||
| Q2 24 | $22.2M | $39.1M | ||
| Q1 24 | $16.0M | $50.6M |
| Q4 25 | $70.6M | — | ||
| Q3 25 | $63.6M | — | ||
| Q2 25 | $22.7M | — | ||
| Q1 25 | $52.5M | $-11.6M | ||
| Q4 24 | $57.4M | — | ||
| Q3 24 | $35.1M | — | ||
| Q2 24 | $22.2M | — | ||
| Q1 24 | $16.0M | — |
| Q4 25 | 90.2% | — | ||
| Q3 25 | 110.6% | — | ||
| Q2 25 | 43.6% | — | ||
| Q1 25 | 108.9% | -21.1% | ||
| Q4 24 | 118.5% | — | ||
| Q3 24 | 98.6% | — | ||
| Q2 24 | 73.4% | — | ||
| Q1 24 | 63.3% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.3% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.1% | 28.2% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | 1.65× | — | ||
| Q3 25 | 2.39× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 1.45× | — | ||
| Q4 24 | 2.26× | 2.44× | ||
| Q3 24 | 2.27× | 1.57× | ||
| Q2 24 | 0.75× | 2.13× | ||
| Q1 24 | 2.00× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEZL
| Merchant And Partner Income | $28.9M | 37% |
| Transaction Income | $25.9M | 33% |
| Income From Other Services Late Payment Fees | $20.5M | 26% |
| Other | $2.9M | 4% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
