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Side-by-side financial comparison of TACTILE SYSTEMS TECHNOLOGY INC (TCMD) and Target Hospitality Corp. (TH). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $73.5M, roughly 1.4× Target Hospitality Corp.). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -20.3%, a 30.6% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 21.0%). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs 0.7%).
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the 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.
TCMD vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $103.6M | $73.5M |
| Net Profit | $10.6M | $-14.9M |
| Gross Margin | 78.2% | 9.6% |
| Operating Margin | 18.1% | -22.9% |
| Net Margin | 10.3% | -20.3% |
| Revenue YoY | 21.0% | 22.0% |
| Net Profit YoY | 9.4% | -219.1% |
| EPS (diluted) | $0.45 | $-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 | $103.6M | $73.5M | ||
| Q3 25 | $85.8M | $91.6M | ||
| Q2 25 | $78.9M | $54.9M | ||
| Q1 25 | $61.3M | $54.9M | ||
| Q4 24 | $85.6M | $60.2M | ||
| Q3 24 | $73.1M | $65.8M | ||
| Q2 24 | $73.2M | $67.5M | ||
| Q1 24 | $61.1M | $72.4M |
| Q4 25 | $10.6M | $-14.9M | ||
| Q3 25 | $8.2M | $-795.0K | ||
| Q2 25 | $3.2M | $-14.9M | ||
| Q1 25 | $-3.0M | $-6.5M | ||
| Q4 24 | $9.7M | $12.5M | ||
| Q3 24 | $5.2M | $20.0M | ||
| Q2 24 | $4.3M | $18.4M | ||
| Q1 24 | $-2.2M | $20.4M |
| Q4 25 | 78.2% | 9.6% | ||
| Q3 25 | 75.8% | 19.6% | ||
| Q2 25 | 74.5% | -0.6% | ||
| Q1 25 | 74.0% | 32.7% | ||
| Q4 24 | 75.2% | 61.5% | ||
| Q3 24 | 75.0% | 68.7% | ||
| Q2 24 | 73.9% | 69.4% | ||
| Q1 24 | 71.1% | 67.8% |
| Q4 25 | 18.1% | -22.9% | ||
| Q3 25 | 12.8% | 0.1% | ||
| Q2 25 | 5.2% | -30.8% | ||
| Q1 25 | -7.4% | -2.0% | ||
| Q4 24 | 14.6% | 34.5% | ||
| Q3 24 | 9.3% | 42.5% | ||
| Q2 24 | 8.0% | 43.8% | ||
| Q1 24 | -4.9% | 42.0% |
| Q4 25 | 10.3% | -20.3% | ||
| Q3 25 | 9.6% | -0.9% | ||
| Q2 25 | 4.1% | -27.2% | ||
| Q1 25 | -4.9% | -11.8% | ||
| Q4 24 | 11.4% | 20.8% | ||
| Q3 24 | 7.1% | 30.4% | ||
| Q2 24 | 5.9% | 27.2% | ||
| Q1 24 | -3.6% | 28.2% |
| Q4 25 | $0.45 | $-0.14 | ||
| Q3 25 | $0.36 | $-0.01 | ||
| Q2 25 | $0.14 | $-0.15 | ||
| Q1 25 | $-0.13 | $-0.07 | ||
| Q4 24 | $0.40 | $0.12 | ||
| Q3 24 | $0.21 | $0.20 | ||
| Q2 24 | $0.18 | $0.18 | ||
| Q1 24 | $-0.09 | $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 | $83.4M | $8.3M |
| Total DebtLower is stronger | $0 | $1.7M |
| Stockholders' EquityBook value | $218.9M | $389.3M |
| Total Assets | $273.9M | $530.2M |
| Debt / EquityLower = less leverage | 0.00× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.4M | $8.3M | ||
| Q3 25 | $66.0M | $30.4M | ||
| Q2 25 | $81.5M | $19.2M | ||
| Q1 25 | $83.6M | $34.5M | ||
| Q4 24 | $94.4M | $190.7M | ||
| Q3 24 | $82.1M | $177.7M | ||
| Q2 24 | $73.6M | $154.3M | ||
| Q1 24 | $60.7M | $124.3M |
| Q4 25 | $0 | $1.7M | ||
| Q3 25 | $0 | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | $27.0M | $994.0K | ||
| Q2 24 | $27.8M | $1.1M | ||
| Q1 24 | $28.5M | $179.9M |
| Q4 25 | $218.9M | $389.3M | ||
| Q3 25 | $204.9M | $402.4M | ||
| Q2 25 | $194.9M | $401.3M | ||
| Q1 25 | $205.6M | $415.3M | ||
| Q4 24 | $216.6M | $421.1M | ||
| Q3 24 | $207.9M | $417.6M | ||
| Q2 24 | $200.7M | $397.2M | ||
| Q1 24 | $193.5M | $375.5M |
| Q4 25 | $273.9M | $530.2M | ||
| Q3 25 | $259.2M | $541.2M | ||
| Q2 25 | $273.0M | $533.7M | ||
| Q1 25 | $280.2M | $562.5M | ||
| Q4 24 | $297.9M | $725.8M | ||
| Q3 24 | $287.7M | $709.8M | ||
| Q2 24 | $278.8M | $697.0M | ||
| Q1 24 | $272.0M | $687.2M |
| Q4 25 | 0.00× | 0.00× | ||
| Q3 25 | 0.00× | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | 0.13× | 0.00× | ||
| Q2 24 | 0.14× | 0.00× | ||
| Q1 24 | 0.15× | 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 | $17.3M | $5.7M |
| Free Cash FlowOCF − Capex | $16.8M | — |
| FCF MarginFCF / Revenue | 16.2% | — |
| Capex IntensityCapex / Revenue | 0.5% | — |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.3M | $5.7M | ||
| Q3 25 | $10.3M | $53.4M | ||
| Q2 25 | $14.8M | $11.1M | ||
| Q1 25 | $417.0K | $3.9M | ||
| Q4 24 | $16.3M | $30.6M | ||
| Q3 24 | $10.3M | $31.4M | ||
| Q2 24 | $13.1M | $39.1M | ||
| Q1 24 | $924.0K | $50.6M |
| Q4 25 | $16.8M | — | ||
| Q3 25 | $9.2M | — | ||
| Q2 25 | $14.4M | — | ||
| Q1 25 | $38.0K | $-11.6M | ||
| Q4 24 | $15.9M | — | ||
| Q3 24 | $9.3M | — | ||
| Q2 24 | $12.6M | — | ||
| Q1 24 | $442.0K | — |
| Q4 25 | 16.2% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 0.1% | -21.1% | ||
| Q4 24 | 18.5% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 17.3% | — | ||
| Q1 24 | 0.7% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.6% | 28.2% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.8% | — |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.68× | 2.44× | ||
| Q3 24 | 1.99× | 1.57× | ||
| Q2 24 | 3.06× | 2.13× | ||
| Q1 24 | — | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
