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Side-by-side financial comparison of SolarMax Technology, Inc. (SMXT) 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 $46.6M, roughly 1.6× SolarMax Technology, Inc.). SolarMax Technology, Inc. runs the higher net margin — -1.9% vs -20.3%, a 18.5% gap on every dollar of revenue. On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 22.0%).
SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.
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.
SMXT vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.6M | $73.5M |
| Net Profit | $-872.2K | $-14.9M |
| Gross Margin | 2.7% | 9.6% |
| Operating Margin | -2.7% | -22.9% |
| Net Margin | -1.9% | -20.3% |
| Revenue YoY | 623.5% | 22.0% |
| Net Profit YoY | 77.7% | -219.1% |
| EPS (diluted) | $-0.02 | $-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 | $46.6M | $73.5M | ||
| Q3 25 | $30.6M | $91.6M | ||
| Q2 25 | $6.9M | $54.9M | ||
| Q1 25 | $6.9M | $54.9M | ||
| Q4 24 | $6.4M | $60.2M | ||
| Q3 24 | $6.3M | $65.8M | ||
| Q2 24 | — | $67.5M | ||
| Q1 24 | — | $72.4M |
| Q4 25 | $-872.2K | $-14.9M | ||
| Q3 25 | $-2.3M | $-795.0K | ||
| Q2 25 | $-1.9M | $-14.9M | ||
| Q1 25 | $-1.3M | $-6.5M | ||
| Q4 24 | $-3.9M | $12.5M | ||
| Q3 24 | $-9.6M | $20.0M | ||
| Q2 24 | — | $18.4M | ||
| Q1 24 | — | $20.4M |
| Q4 25 | 2.7% | 9.6% | ||
| Q3 25 | 3.1% | 19.6% | ||
| Q2 25 | 8.8% | -0.6% | ||
| Q1 25 | 20.5% | 32.7% | ||
| Q4 24 | 14.5% | 61.5% | ||
| Q3 24 | 19.9% | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
| Q4 25 | -2.7% | -22.9% | ||
| Q3 25 | -6.9% | 0.1% | ||
| Q2 25 | -25.7% | -30.8% | ||
| Q1 25 | -16.7% | -2.0% | ||
| Q4 24 | -27.9% | 34.5% | ||
| Q3 24 | -158.4% | 42.5% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 42.0% |
| Q4 25 | -1.9% | -20.3% | ||
| Q3 25 | -7.4% | -0.9% | ||
| Q2 25 | -27.6% | -27.2% | ||
| Q1 25 | -18.7% | -11.8% | ||
| Q4 24 | -60.6% | 20.8% | ||
| Q3 24 | -152.0% | 30.4% | ||
| Q2 24 | — | 27.2% | ||
| Q1 24 | — | 28.2% |
| Q4 25 | $-0.02 | $-0.14 | ||
| Q3 25 | $-0.04 | $-0.01 | ||
| Q2 25 | $-0.04 | $-0.15 | ||
| Q1 25 | $-0.03 | $-0.07 | ||
| Q4 24 | $-0.07 | $0.12 | ||
| Q3 24 | $-0.21 | $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 | $8.0M | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $-12.2M | $389.3M |
| Total Assets | $91.3M | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.0M | $8.3M | ||
| Q3 25 | $5.7M | $30.4M | ||
| Q2 25 | $1.9M | $19.2M | ||
| Q1 25 | $6.8M | $34.5M | ||
| Q4 24 | $7.1M | $190.7M | ||
| Q3 24 | $8.6M | $177.7M | ||
| Q2 24 | — | $154.3M | ||
| Q1 24 | — | $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 | $-12.2M | $389.3M | ||
| Q3 25 | $-11.8M | $402.4M | ||
| Q2 25 | $-15.1M | $401.3M | ||
| Q1 25 | $-15.9M | $415.3M | ||
| Q4 24 | $-15.1M | $421.1M | ||
| Q3 24 | $-10.9M | $417.6M | ||
| Q2 24 | — | $397.2M | ||
| Q1 24 | — | $375.5M |
| Q4 25 | $91.3M | $530.2M | ||
| Q3 25 | $58.7M | $541.2M | ||
| Q2 25 | $38.2M | $533.7M | ||
| Q1 25 | $38.6M | $562.5M | ||
| Q4 24 | $38.6M | $725.8M | ||
| Q3 24 | $43.0M | $709.8M | ||
| Q2 24 | — | $697.0M | ||
| Q1 24 | — | $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 | $-2.5M | $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.
| Q4 25 | $-2.5M | $5.7M | ||
| Q3 25 | $3.4M | $53.4M | ||
| Q2 25 | $220.7K | $11.1M | ||
| Q1 25 | $-601.1K | $3.9M | ||
| Q4 24 | $-1.3M | $30.6M | ||
| Q3 24 | $203.6K | $31.4M | ||
| Q2 24 | — | $39.1M | ||
| Q1 24 | — | $50.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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
SMXT
| Yabucoa | $35.9M | 77% |
| Other | $10.7M | 23% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
