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Side-by-side financial comparison of SMARTFINANCIAL INC. (SMBK) 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 $53.8M, roughly 1.4× SMARTFINANCIAL INC.). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs -20.3%, a 45.8% gap on every dollar of revenue. Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% CAGR vs 0.7%).
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
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.
SMBK vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $53.8M | $73.5M |
| Net Profit | $13.7M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | 25.4% | -20.3% |
| Revenue YoY | — | 22.0% |
| Net Profit YoY | 21.6% | -219.1% |
| EPS (diluted) | $0.81 | $-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.
| Q1 26 | $53.8M | — | ||
| Q4 25 | $53.3M | $73.5M | ||
| Q3 25 | $51.1M | $91.6M | ||
| Q2 25 | $49.2M | $54.9M | ||
| Q1 25 | $46.8M | $54.9M | ||
| Q4 24 | $46.8M | $60.2M | ||
| Q3 24 | $44.2M | $65.8M | ||
| Q2 24 | $40.4M | $67.5M |
| Q1 26 | $13.7M | — | ||
| Q4 25 | $13.7M | $-14.9M | ||
| Q3 25 | $13.7M | $-795.0K | ||
| Q2 25 | $11.7M | $-14.9M | ||
| Q1 25 | $11.3M | $-6.5M | ||
| Q4 24 | $9.6M | $12.5M | ||
| Q3 24 | $9.1M | $20.0M | ||
| Q2 24 | $8.0M | $18.4M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 31.3% | -22.9% | ||
| Q3 25 | 33.2% | 0.1% | ||
| Q2 25 | 29.0% | -30.8% | ||
| Q1 25 | 29.0% | -2.0% | ||
| Q4 24 | 26.5% | 34.5% | ||
| Q3 24 | 24.3% | 42.5% | ||
| Q2 24 | 25.6% | 43.8% |
| Q1 26 | 25.4% | — | ||
| Q4 25 | 25.7% | -20.3% | ||
| Q3 25 | 26.8% | -0.9% | ||
| Q2 25 | 23.8% | -27.2% | ||
| Q1 25 | 24.0% | -11.8% | ||
| Q4 24 | 20.6% | 20.8% | ||
| Q3 24 | 20.7% | 30.4% | ||
| Q2 24 | 19.8% | 27.2% |
| Q1 26 | $0.81 | — | ||
| Q4 25 | $0.81 | $-0.14 | ||
| Q3 25 | $0.81 | $-0.01 | ||
| Q2 25 | $0.69 | $-0.15 | ||
| Q1 25 | $0.67 | $-0.07 | ||
| Q4 24 | $0.57 | $0.12 | ||
| Q3 24 | $0.54 | $0.20 | ||
| Q2 24 | $0.48 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $346.1M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $562.2M | $389.3M |
| Total Assets | $5.9B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $346.1M | — | ||
| Q4 25 | $464.4M | $8.3M | ||
| Q3 25 | $557.1M | $30.4M | ||
| Q2 25 | $365.1M | $19.2M | ||
| Q1 25 | $423.0M | $34.5M | ||
| Q4 24 | $387.6M | $190.7M | ||
| Q3 24 | $192.9M | $177.7M | ||
| Q2 24 | $342.8M | $154.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.7M | ||
| Q3 25 | $1.3M | $2.0M | ||
| Q2 25 | $7.0M | $26.3M | ||
| Q1 25 | $7.6M | $42.9M | ||
| Q4 24 | $8.1M | $1.5M | ||
| Q3 24 | $9.0M | $994.0K | ||
| Q2 24 | $12.7M | $1.1M |
| Q1 26 | $562.2M | — | ||
| Q4 25 | $552.4M | $389.3M | ||
| Q3 25 | $538.4M | $402.4M | ||
| Q2 25 | $519.0M | $401.3M | ||
| Q1 25 | $505.8M | $415.3M | ||
| Q4 24 | $491.3M | $421.1M | ||
| Q3 24 | $489.0M | $417.6M | ||
| Q2 24 | $472.5M | $397.2M |
| Q1 26 | $5.9B | — | ||
| Q4 25 | $5.9B | $530.2M | ||
| Q3 25 | $5.8B | $541.2M | ||
| Q2 25 | $5.5B | $533.7M | ||
| Q1 25 | $5.4B | $562.5M | ||
| Q4 24 | $5.3B | $725.8M | ||
| Q3 24 | $4.9B | $709.8M | ||
| Q2 24 | $4.9B | $697.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | 0.00× | 0.01× | ||
| Q2 25 | 0.01× | 0.07× | ||
| Q1 25 | 0.02× | 0.10× | ||
| Q4 24 | 0.02× | 0.00× | ||
| Q3 24 | 0.02× | 0.00× | ||
| Q2 24 | 0.03× | 0.00× |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $61.7M | $5.7M | ||
| Q3 25 | $16.9M | $53.4M | ||
| Q2 25 | $14.0M | $11.1M | ||
| Q1 25 | $14.3M | $3.9M | ||
| Q4 24 | $52.7M | $30.6M | ||
| Q3 24 | $12.4M | $31.4M | ||
| Q2 24 | $16.5M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | $59.3M | — | ||
| Q3 25 | $16.6M | — | ||
| Q2 25 | $13.2M | — | ||
| Q1 25 | $13.4M | $-11.6M | ||
| Q4 24 | $46.3M | — | ||
| Q3 24 | $11.3M | — | ||
| Q2 24 | $15.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | 111.3% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 26.9% | — | ||
| Q1 25 | 28.5% | -21.1% | ||
| Q4 24 | 98.9% | — | ||
| Q3 24 | 25.7% | — | ||
| Q2 24 | 38.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.5% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 1.6% | — | ||
| Q1 25 | 2.0% | 28.2% | ||
| Q4 24 | 13.7% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | 2.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 4.50× | — | ||
| Q3 25 | 1.23× | — | ||
| Q2 25 | 1.20× | — | ||
| Q1 25 | 1.27× | — | ||
| Q4 24 | 5.47× | 2.44× | ||
| Q3 24 | 1.36× | 1.57× | ||
| Q2 24 | 2.07× | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
