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Side-by-side financial comparison of Third Coast Bancshares, Inc. (TCBX) 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 $57.7M, roughly 1.3× Third Coast Bancshares, Inc.). Third Coast Bancshares, Inc. runs the higher net margin — 28.4% vs -20.3%, a 48.7% gap on every dollar of revenue. Over the past eight quarters, Third Coast Bancshares, Inc.'s revenue compounded faster (17.5% CAGR vs 0.7%).
Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.
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.
TCBX vs TH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $57.7M | $73.5M |
| Net Profit | $16.4M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | — | -22.9% |
| Net Margin | 28.4% | -20.3% |
| Revenue YoY | — | 22.0% |
| Net Profit YoY | 20.5% | -219.1% |
| EPS (diluted) | $0.88 | $-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 | $57.7M | — | ||
| Q4 25 | $56.5M | $73.5M | ||
| Q3 25 | $54.5M | $91.6M | ||
| Q2 25 | $52.0M | $54.9M | ||
| Q1 25 | $45.9M | $54.9M | ||
| Q4 24 | $46.3M | $60.2M | ||
| Q3 24 | $42.9M | $65.8M | ||
| Q2 24 | $41.7M | $67.5M |
| Q1 26 | $16.4M | — | ||
| Q4 25 | $17.9M | $-14.9M | ||
| Q3 25 | $18.1M | $-795.0K | ||
| Q2 25 | $16.7M | $-14.9M | ||
| Q1 25 | $13.6M | $-6.5M | ||
| Q4 24 | $13.7M | $12.5M | ||
| Q3 24 | $12.8M | $20.0M | ||
| Q2 24 | $10.8M | $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 | 38.1% | -22.9% | ||
| Q3 25 | 41.9% | 0.1% | ||
| Q2 25 | 40.5% | -30.8% | ||
| Q1 25 | 37.8% | -2.0% | ||
| Q4 24 | 38.7% | 34.5% | ||
| Q3 24 | 37.9% | 42.5% | ||
| Q2 24 | 34.1% | 43.8% |
| Q1 26 | 28.4% | — | ||
| Q4 25 | 31.7% | -20.3% | ||
| Q3 25 | 33.1% | -0.9% | ||
| Q2 25 | 32.2% | -27.2% | ||
| Q1 25 | 29.6% | -11.8% | ||
| Q4 24 | 29.7% | 20.8% | ||
| Q3 24 | 29.8% | 30.4% | ||
| Q2 24 | 25.9% | 27.2% |
| Q1 26 | $0.88 | — | ||
| Q4 25 | $1.02 | $-0.14 | ||
| Q3 25 | $1.03 | $-0.01 | ||
| Q2 25 | $0.96 | $-0.15 | ||
| Q1 25 | $0.78 | $-0.07 | ||
| Q4 24 | $0.80 | $0.12 | ||
| Q3 24 | $0.74 | $0.20 | ||
| Q2 24 | $0.63 | $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 | — | $8.3M |
| Total DebtLower is stronger | — | $1.7M |
| Stockholders' EquityBook value | $650.5M | $389.3M |
| Total Assets | $6.6B | $530.2M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $175.2M | $8.3M | ||
| Q3 25 | $116.4M | $30.4M | ||
| Q2 25 | $113.1M | $19.2M | ||
| Q1 25 | $219.0M | $34.5M | ||
| Q4 24 | $371.2M | $190.7M | ||
| Q3 24 | $258.2M | $177.7M | ||
| Q2 24 | $241.8M | $154.3M |
| Q1 26 | — | — | ||
| 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 26 | $650.5M | — | ||
| Q4 25 | $531.0M | $389.3M | ||
| Q3 25 | $513.8M | $402.4M | ||
| Q2 25 | $496.1M | $401.3M | ||
| Q1 25 | $479.8M | $415.3M | ||
| Q4 24 | $460.7M | $421.1M | ||
| Q3 24 | $450.5M | $417.6M | ||
| Q2 24 | $435.0M | $397.2M |
| Q1 26 | $6.6B | — | ||
| Q4 25 | $5.3B | $530.2M | ||
| Q3 25 | $5.1B | $541.2M | ||
| Q2 25 | $4.9B | $533.7M | ||
| Q1 25 | $4.9B | $562.5M | ||
| Q4 24 | $4.9B | $725.8M | ||
| Q3 24 | $4.6B | $709.8M | ||
| Q2 24 | $4.5B | $697.0M |
| Q1 26 | — | — | ||
| 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× |
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 | $50.8M | $5.7M | ||
| Q3 25 | $20.7M | $53.4M | ||
| Q2 25 | $13.9M | $11.1M | ||
| Q1 25 | $10.5M | $3.9M | ||
| Q4 24 | $35.1M | $30.6M | ||
| Q3 24 | $22.0M | $31.4M | ||
| Q2 24 | $7.3M | $39.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-11.6M | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.1% | ||
| Q4 24 | 72.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.2% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.84× | — | ||
| Q3 25 | 1.15× | — | ||
| Q2 25 | 0.83× | — | ||
| Q1 25 | 0.77× | — | ||
| Q4 24 | 2.56× | 2.44× | ||
| Q3 24 | 1.72× | 1.57× | ||
| Q2 24 | 0.68× | 2.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TCBX
| Net Interest Income | $53.6M | 93% |
| Noninterest Income | $4.0M | 7% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
