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Side-by-side financial comparison of Skillsoft Corp. (SKIL) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
Skillsoft Corp. is the larger business by last-quarter revenue ($129.0M vs $73.5M, roughly 1.8× Target Hospitality Corp.). Target Hospitality Corp. runs the higher net margin — -20.3% vs -32.0%, a 11.7% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -6.0%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -3.2%).
Skillsoft is an American educational technology company that produces learning management system software and content.
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.
SKIL vs TH — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $129.0M | $73.5M |
| Net Profit | $-41.3M | $-14.9M |
| Gross Margin | 72.7% | 9.6% |
| Operating Margin | -26.6% | -22.9% |
| Net Margin | -32.0% | -20.3% |
| Revenue YoY | -6.0% | 22.0% |
| Net Profit YoY | -74.9% | -219.1% |
| EPS (diluted) | — | $-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 | $129.0M | $73.5M | ||
| Q3 25 | $128.8M | $91.6M | ||
| Q2 25 | $124.2M | $54.9M | ||
| Q1 25 | $133.8M | $54.9M | ||
| Q4 24 | $137.2M | $60.2M | ||
| Q3 24 | $132.2M | $65.8M | ||
| Q2 24 | $127.8M | $67.5M | ||
| Q1 24 | $137.5M | $72.4M |
| Q4 25 | $-41.3M | $-14.9M | ||
| Q3 25 | $-23.8M | $-795.0K | ||
| Q2 25 | $-38.0M | $-14.9M | ||
| Q1 25 | $-31.1M | $-6.5M | ||
| Q4 24 | $-23.6M | $12.5M | ||
| Q3 24 | $-39.6M | $20.0M | ||
| Q2 24 | $-27.6M | $18.4M | ||
| Q1 24 | $-245.3M | $20.4M |
| Q4 25 | 72.7% | 9.6% | ||
| Q3 25 | 74.5% | 19.6% | ||
| Q2 25 | 74.0% | -0.6% | ||
| Q1 25 | 74.9% | 32.7% | ||
| Q4 24 | 75.0% | 61.5% | ||
| Q3 24 | 75.4% | 68.7% | ||
| Q2 24 | 73.0% | 69.4% | ||
| Q1 24 | 72.0% | 67.8% |
| Q4 25 | -26.6% | -22.9% | ||
| Q3 25 | -9.2% | 0.1% | ||
| Q2 25 | -14.6% | -30.8% | ||
| Q1 25 | -12.9% | -2.0% | ||
| Q4 24 | -6.7% | 34.5% | ||
| Q3 24 | -14.6% | 42.5% | ||
| Q2 24 | -18.6% | 43.8% | ||
| Q1 24 | -165.8% | 42.0% |
| Q4 25 | -32.0% | -20.3% | ||
| Q3 25 | -18.5% | -0.9% | ||
| Q2 25 | -30.6% | -27.2% | ||
| Q1 25 | -23.3% | -11.8% | ||
| Q4 24 | -17.2% | 20.8% | ||
| Q3 24 | -29.9% | 30.4% | ||
| Q2 24 | -21.6% | 27.2% | ||
| Q1 24 | -178.4% | 28.2% |
| Q4 25 | — | $-0.14 | ||
| Q3 25 | — | $-0.01 | ||
| Q2 25 | — | $-0.15 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | — | $0.12 | ||
| Q3 24 | — | $0.20 | ||
| Q2 24 | — | $0.18 | ||
| Q1 24 | — | $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 | $74.6M | $8.3M |
| Total DebtLower is stronger | $570.2M | $1.7M |
| Stockholders' EquityBook value | $4.0M | $389.3M |
| Total Assets | $897.6M | $530.2M |
| Debt / EquityLower = less leverage | 142.97× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $74.6M | $8.3M | ||
| Q3 25 | $100.5M | $30.4M | ||
| Q2 25 | $127.8M | $19.2M | ||
| Q1 25 | $100.8M | $34.5M | ||
| Q4 24 | $97.9M | $190.7M | ||
| Q3 24 | $122.7M | $177.7M | ||
| Q2 24 | $142.0M | $154.3M | ||
| Q1 24 | $136.3M | $124.3M |
| Q4 25 | $570.2M | $1.7M | ||
| Q3 25 | $571.2M | $2.0M | ||
| Q2 25 | $572.2M | $26.3M | ||
| Q1 25 | $573.3M | $42.9M | ||
| Q4 24 | $574.3M | $1.5M | ||
| Q3 24 | $575.4M | $994.0K | ||
| Q2 24 | $576.4M | $1.1M | ||
| Q1 24 | $577.5M | $179.9M |
| Q4 25 | $4.0M | $389.3M | ||
| Q3 25 | $42.5M | $402.4M | ||
| Q2 25 | $62.6M | $401.3M | ||
| Q1 25 | $93.8M | $415.3M | ||
| Q4 24 | $120.5M | $421.1M | ||
| Q3 24 | $141.4M | $417.6M | ||
| Q2 24 | $182.1M | $397.2M | ||
| Q1 24 | $205.6M | $375.5M |
| Q4 25 | $897.6M | $530.2M | ||
| Q3 25 | $969.4M | $541.2M | ||
| Q2 25 | $1.0B | $533.7M | ||
| Q1 25 | $1.1B | $562.5M | ||
| Q4 24 | $1.1B | $725.8M | ||
| Q3 24 | $1.1B | $709.8M | ||
| Q2 24 | $1.2B | $697.0M | ||
| Q1 24 | $1.3B | $687.2M |
| Q4 25 | 142.97× | 0.00× | ||
| Q3 25 | 13.45× | 0.01× | ||
| Q2 25 | 9.13× | 0.07× | ||
| Q1 25 | 6.11× | 0.10× | ||
| Q4 24 | 4.77× | 0.00× | ||
| Q3 24 | 4.07× | 0.00× | ||
| Q2 24 | 3.16× | 0.00× | ||
| Q1 24 | 2.81× | 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 | $-18.9M | $5.7M |
| Free Cash FlowOCF − Capex | $-19.3M | — |
| FCF MarginFCF / Revenue | -15.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $10.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.9M | $5.7M | ||
| Q3 25 | $-17.8M | $53.4M | ||
| Q2 25 | $31.3M | $11.1M | ||
| Q1 25 | $17.8M | $3.9M | ||
| Q4 24 | $8.7M | $30.6M | ||
| Q3 24 | $-11.4M | $31.4M | ||
| Q2 24 | $14.9M | $39.1M | ||
| Q1 24 | $11.5M | $50.6M |
| Q4 25 | $-19.3M | — | ||
| Q3 25 | $-18.5M | — | ||
| Q2 25 | $30.8M | — | ||
| Q1 25 | $17.0M | $-11.6M | ||
| Q4 24 | $8.3M | — | ||
| Q3 24 | $-11.7M | — | ||
| Q2 24 | $14.8M | — | ||
| Q1 24 | $11.1M | — |
| Q4 25 | -15.0% | — | ||
| Q3 25 | -14.3% | — | ||
| Q2 25 | 24.8% | — | ||
| Q1 25 | 12.7% | -21.1% | ||
| Q4 24 | 6.0% | — | ||
| Q3 24 | -8.8% | — | ||
| Q2 24 | 11.6% | — | ||
| Q1 24 | 8.0% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.4% | — | ||
| Q1 25 | 0.6% | 28.2% | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.3% | — |
| 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
SKIL
| SAAS And Subscription Services | $93.5M | 73% |
| Virtual Ondemand And Classroom And Individualized Coaching | $28.2M | 22% |
| Professional Services | $7.3M | 6% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
