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Side-by-side financial comparison of Star Equity Holdings, Inc. (STRR) 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 $56.8M, roughly 1.3× Star Equity Holdings, Inc.). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -20.3%, a 17.3% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs 22.0%). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% CAGR vs 0.7%).

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

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.

STRR vs TH — Head-to-Head

Bigger by revenue
TH
TH
1.3× larger
TH
$73.5M
$56.8M
STRR
Growing faster (revenue YoY)
STRR
STRR
+47.0% gap
STRR
69.0%
22.0%
TH
Higher net margin
STRR
STRR
17.3% more per $
STRR
-3.0%
-20.3%
TH
Faster 2-yr revenue CAGR
STRR
STRR
Annualised
STRR
29.5%
0.7%
TH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STRR
STRR
TH
TH
Revenue
$56.8M
$73.5M
Net Profit
$-1.7M
$-14.9M
Gross Margin
9.6%
Operating Margin
-0.2%
-22.9%
Net Margin
-3.0%
-20.3%
Revenue YoY
69.0%
22.0%
Net Profit YoY
-192.1%
-219.1%
EPS (diluted)
$-0.49
$-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.

Revenue
STRR
STRR
TH
TH
Q4 25
$56.8M
$73.5M
Q3 25
$48.0M
$91.6M
Q2 25
$35.5M
$54.9M
Q1 25
$31.9M
$54.9M
Q4 24
$33.6M
$60.2M
Q3 24
$36.9M
$65.8M
Q2 24
$35.7M
$67.5M
Q1 24
$33.9M
$72.4M
Net Profit
STRR
STRR
TH
TH
Q4 25
$-1.7M
$-14.9M
Q3 25
$-1.8M
$-795.0K
Q2 25
$-688.0K
$-14.9M
Q1 25
$-1.8M
$-6.5M
Q4 24
$-585.0K
$12.5M
Q3 24
$-846.0K
$20.0M
Q2 24
$-441.0K
$18.4M
Q1 24
$-2.9M
$20.4M
Gross Margin
STRR
STRR
TH
TH
Q4 25
9.6%
Q3 25
43.0%
19.6%
Q2 25
-0.6%
Q1 25
32.7%
Q4 24
61.5%
Q3 24
50.5%
68.7%
Q2 24
69.4%
Q1 24
67.8%
Operating Margin
STRR
STRR
TH
TH
Q4 25
-0.2%
-22.9%
Q3 25
-3.4%
0.1%
Q2 25
-0.6%
-30.8%
Q1 25
-5.4%
-2.0%
Q4 24
-0.4%
34.5%
Q3 24
-1.2%
42.5%
Q2 24
-0.5%
43.8%
Q1 24
-9.0%
42.0%
Net Margin
STRR
STRR
TH
TH
Q4 25
-3.0%
-20.3%
Q3 25
-3.7%
-0.9%
Q2 25
-1.9%
-27.2%
Q1 25
-5.5%
-11.8%
Q4 24
-1.7%
20.8%
Q3 24
-2.3%
30.4%
Q2 24
-1.2%
27.2%
Q1 24
-8.6%
28.2%
EPS (diluted)
STRR
STRR
TH
TH
Q4 25
$-0.49
$-0.14
Q3 25
$-0.54
$-0.01
Q2 25
$-0.23
$-0.15
Q1 25
$-0.59
$-0.07
Q4 24
$-0.21
$0.12
Q3 24
$-0.28
$0.20
Q2 24
$-0.15
$0.18
Q1 24
$-0.95
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
STRR
STRR
TH
TH
Cash + ST InvestmentsLiquidity on hand
$10.3M
$8.3M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$65.7M
$389.3M
Total Assets
$113.2M
$530.2M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRR
STRR
TH
TH
Q4 25
$10.3M
$8.3M
Q3 25
$15.4M
$30.4M
Q2 25
$16.8M
$19.2M
Q1 25
$16.6M
$34.5M
Q4 24
$17.0M
$190.7M
Q3 24
$15.8M
$177.7M
Q2 24
$14.7M
$154.3M
Q1 24
$20.4M
$124.3M
Total Debt
STRR
STRR
TH
TH
Q4 25
$1.7M
Q3 25
$6.5M
$2.0M
Q2 25
$26.3M
Q1 25
$42.9M
Q4 24
$0
$1.5M
Q3 24
$994.0K
Q2 24
$1.1M
Q1 24
$179.9M
Stockholders' Equity
STRR
STRR
TH
TH
Q4 25
$65.7M
$389.3M
Q3 25
$67.8M
$402.4M
Q2 25
$40.1M
$401.3M
Q1 25
$39.5M
$415.3M
Q4 24
$40.4M
$421.1M
Q3 24
$42.9M
$417.6M
Q2 24
$42.6M
$397.2M
Q1 24
$44.3M
$375.5M
Total Assets
STRR
STRR
TH
TH
Q4 25
$113.2M
$530.2M
Q3 25
$117.1M
$541.2M
Q2 25
$55.6M
$533.7M
Q1 25
$53.2M
$562.5M
Q4 24
$52.6M
$725.8M
Q3 24
$52.6M
$709.8M
Q2 24
$52.6M
$697.0M
Q1 24
$52.6M
$687.2M
Debt / Equity
STRR
STRR
TH
TH
Q4 25
0.00×
Q3 25
0.10×
0.01×
Q2 25
0.07×
Q1 25
0.10×
Q4 24
0.00×
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
STRR
STRR
TH
TH
Operating Cash FlowLast quarter
$-7.3M
$5.7M
Free Cash FlowOCF − Capex
$-9.0M
FCF MarginFCF / Revenue
-15.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STRR
STRR
TH
TH
Q4 25
$-7.3M
$5.7M
Q3 25
$-2.7M
$53.4M
Q2 25
$139.0K
$11.1M
Q1 25
$-802.0K
$3.9M
Q4 24
$-2.8M
$30.6M
Q3 24
$1.3M
$31.4M
Q2 24
$-4.3M
$39.1M
Q1 24
$-1.8M
$50.6M
Free Cash Flow
STRR
STRR
TH
TH
Q4 25
$-9.0M
Q3 25
$-3.4M
Q2 25
$102.0K
Q1 25
$-808.0K
$-11.6M
Q4 24
$-2.8M
Q3 24
$1.3M
Q2 24
$-4.3M
Q1 24
$-1.8M
FCF Margin
STRR
STRR
TH
TH
Q4 25
-15.8%
Q3 25
-7.0%
Q2 25
0.3%
Q1 25
-2.5%
-21.1%
Q4 24
-8.3%
Q3 24
3.4%
Q2 24
-12.0%
Q1 24
-5.3%
Capex Intensity
STRR
STRR
TH
TH
Q4 25
3.0%
Q3 25
1.3%
Q2 25
0.1%
Q1 25
0.0%
28.2%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
STRR
STRR
TH
TH
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

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

TH
TH

Services$40.9M56%
Hospitality And Facilities Services South$32.6M44%

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