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Side-by-side financial comparison of Target Hospitality Corp. (TH) and FIRST FINANCIAL CORP (THFF). Click either name above to swap in a different company.

Target Hospitality Corp. is the larger business by last-quarter revenue ($73.5M vs $70.5M, roughly 1.0× FIRST FINANCIAL CORP). FIRST FINANCIAL CORP runs the higher net margin — 30.4% vs -20.3%, a 50.7% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 14.1%). Over the past eight quarters, FIRST FINANCIAL CORP's revenue compounded faster (20.8% CAGR vs 0.7%).

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.

First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.

TH vs THFF — Head-to-Head

Bigger by revenue
TH
TH
1.0× larger
TH
$73.5M
$70.5M
THFF
Growing faster (revenue YoY)
TH
TH
+7.8% gap
TH
22.0%
14.1%
THFF
Higher net margin
THFF
THFF
50.7% more per $
THFF
30.4%
-20.3%
TH
Faster 2-yr revenue CAGR
THFF
THFF
Annualised
THFF
20.8%
0.7%
TH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TH
TH
THFF
THFF
Revenue
$73.5M
$70.5M
Net Profit
$-14.9M
$21.5M
Gross Margin
9.6%
Operating Margin
-22.9%
37.4%
Net Margin
-20.3%
30.4%
Revenue YoY
22.0%
14.1%
Net Profit YoY
-219.1%
32.1%
EPS (diluted)
$-0.14
$1.81

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
TH
TH
THFF
THFF
Q4 25
$73.5M
$70.5M
Q3 25
$91.6M
$65.8M
Q2 25
$54.9M
$63.1M
Q1 25
$54.9M
$62.5M
Q4 24
$60.2M
$61.8M
Q3 24
$65.8M
$58.4M
Q2 24
$67.5M
$49.2M
Q1 24
$72.4M
$48.4M
Net Profit
TH
TH
THFF
THFF
Q4 25
$-14.9M
$21.5M
Q3 25
$-795.0K
$20.8M
Q2 25
$-14.9M
$18.6M
Q1 25
$-6.5M
$18.4M
Q4 24
$12.5M
$16.2M
Q3 24
$20.0M
$8.7M
Q2 24
$18.4M
$11.4M
Q1 24
$20.4M
$10.9M
Gross Margin
TH
TH
THFF
THFF
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 24
67.8%
Operating Margin
TH
TH
THFF
THFF
Q4 25
-22.9%
37.4%
Q3 25
0.1%
39.2%
Q2 25
-30.8%
36.2%
Q1 25
-2.0%
38.1%
Q4 24
34.5%
32.4%
Q3 24
42.5%
17.9%
Q2 24
43.8%
27.6%
Q1 24
42.0%
27.2%
Net Margin
TH
TH
THFF
THFF
Q4 25
-20.3%
30.4%
Q3 25
-0.9%
31.6%
Q2 25
-27.2%
29.5%
Q1 25
-11.8%
29.5%
Q4 24
20.8%
26.3%
Q3 24
30.4%
15.0%
Q2 24
27.2%
23.1%
Q1 24
28.2%
22.6%
EPS (diluted)
TH
TH
THFF
THFF
Q4 25
$-0.14
$1.81
Q3 25
$-0.01
$1.75
Q2 25
$-0.15
$1.57
Q1 25
$-0.07
$1.55
Q4 24
$0.12
$1.37
Q3 24
$0.20
$0.74
Q2 24
$0.18
$0.96
Q1 24
$0.20
$0.93

Balance Sheet & Financial Strength

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

Metric
TH
TH
THFF
THFF
Cash + ST InvestmentsLiquidity on hand
$8.3M
Total DebtLower is stronger
$1.7M
$188.2M
Stockholders' EquityBook value
$389.3M
$650.9M
Total Assets
$530.2M
$5.8B
Debt / EquityLower = less leverage
0.00×
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TH
TH
THFF
THFF
Q4 25
$8.3M
Q3 25
$30.4M
Q2 25
$19.2M
Q1 25
$34.5M
Q4 24
$190.7M
Q3 24
$177.7M
Q2 24
$154.3M
Q1 24
$124.3M
Total Debt
TH
TH
THFF
THFF
Q4 25
$1.7M
$188.2M
Q3 25
$2.0M
$170.5M
Q2 25
$26.3M
$122.7M
Q1 25
$42.9M
$124.9M
Q4 24
$1.5M
$28.1M
Q3 24
$994.0K
$30.5M
Q2 24
$1.1M
$108.6M
Q1 24
$179.9M
$58.6M
Stockholders' Equity
TH
TH
THFF
THFF
Q4 25
$389.3M
$650.9M
Q3 25
$402.4M
$622.2M
Q2 25
$401.3M
$587.7M
Q1 25
$415.3M
$571.9M
Q4 24
$421.1M
$549.0M
Q3 24
$417.6M
$566.0M
Q2 24
$397.2M
$530.7M
Q1 24
$375.5M
$520.8M
Total Assets
TH
TH
THFF
THFF
Q4 25
$530.2M
$5.8B
Q3 25
$541.2M
$5.7B
Q2 25
$533.7M
$5.6B
Q1 25
$562.5M
$5.5B
Q4 24
$725.8M
$5.6B
Q3 24
$709.8M
$5.5B
Q2 24
$697.0M
$4.9B
Q1 24
$687.2M
$4.9B
Debt / Equity
TH
TH
THFF
THFF
Q4 25
0.00×
0.29×
Q3 25
0.01×
0.27×
Q2 25
0.07×
0.21×
Q1 25
0.10×
0.22×
Q4 24
0.00×
0.05×
Q3 24
0.00×
0.05×
Q2 24
0.00×
0.20×
Q1 24
0.48×
0.11×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
TH
TH
THFF
THFF
Operating Cash FlowLast quarter
$5.7M
$90.4M
Free Cash FlowOCF − Capex
$86.4M
FCF MarginFCF / Revenue
122.5%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$144.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TH
TH
THFF
THFF
Q4 25
$5.7M
$90.4M
Q3 25
$53.4M
$26.9M
Q2 25
$11.1M
$12.7M
Q1 25
$3.9M
$21.1M
Q4 24
$30.6M
$60.4M
Q3 24
$31.4M
$23.3M
Q2 24
$39.1M
$8.8M
Q1 24
$50.6M
$12.4M
Free Cash Flow
TH
TH
THFF
THFF
Q4 25
$86.4M
Q3 25
$25.8M
Q2 25
$11.6M
Q1 25
$-11.6M
$20.5M
Q4 24
$54.3M
Q3 24
$19.5M
Q2 24
$8.4M
Q1 24
$11.5M
FCF Margin
TH
TH
THFF
THFF
Q4 25
122.5%
Q3 25
39.2%
Q2 25
18.4%
Q1 25
-21.1%
32.8%
Q4 24
87.8%
Q3 24
33.5%
Q2 24
17.2%
Q1 24
23.7%
Capex Intensity
TH
TH
THFF
THFF
Q4 25
5.6%
Q3 25
1.7%
Q2 25
1.8%
Q1 25
28.2%
0.9%
Q4 24
9.9%
Q3 24
6.5%
Q2 24
0.7%
Q1 24
2.0%
Cash Conversion
TH
TH
THFF
THFF
Q4 25
4.21×
Q3 25
1.29×
Q2 25
0.68×
Q1 25
1.14×
Q4 24
2.44×
3.72×
Q3 24
1.57×
2.67×
Q2 24
2.13×
0.77×
Q1 24
2.48×
1.14×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

TH
TH

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

THFF
THFF

Segment breakdown not available.

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