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Side-by-side financial comparison of Target Hospitality Corp. (TH) and Urban Edge Properties (UE). Click either name above to swap in a different company.
Urban Edge Properties is the larger business by last-quarter revenue ($132.6M vs $73.5M, roughly 1.8× Target Hospitality Corp.). Urban Edge Properties runs the higher net margin — 17.1% vs -20.3%, a 37.4% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 12.2%). Over the past eight quarters, Urban Edge Properties's revenue compounded faster (11.6% 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.
Urban Edge Properties is a publicly traded real estate investment trust (REIT) that owns, operates, and develops high-quality retail and mixed-use properties, primarily located in densely populated urban and suburban markets across the United States. Its portfolio covers grocery-anchored shopping centers, lifestyle outlets, and community-focused commercial assets.
TH vs UE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $73.5M | $132.6M |
| Net Profit | $-14.9M | $22.6M |
| Gross Margin | 9.6% | — |
| Operating Margin | -22.9% | — |
| Net Margin | -20.3% | 17.1% |
| Revenue YoY | 22.0% | 12.2% |
| Net Profit YoY | -219.1% | -6.7% |
| EPS (diluted) | $-0.14 | $0.18 |
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 | — | $132.6M | ||
| Q4 25 | $73.5M | $119.6M | ||
| Q3 25 | $91.6M | $120.1M | ||
| Q2 25 | $54.9M | $114.1M | ||
| Q1 25 | $54.9M | $118.2M | ||
| Q4 24 | $60.2M | $116.4M | ||
| Q3 24 | $65.8M | $112.4M | ||
| Q2 24 | $67.5M | $106.5M |
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-14.9M | $12.4M | ||
| Q3 25 | $-795.0K | $14.9M | ||
| Q2 25 | $-14.9M | $58.0M | ||
| Q1 25 | $-6.5M | $8.2M | ||
| Q4 24 | $12.5M | $30.1M | ||
| Q3 24 | $20.0M | $9.1M | ||
| Q2 24 | $18.4M | $30.8M |
| 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 | -22.9% | 11.3% | ||
| Q3 25 | 0.1% | 13.4% | ||
| Q2 25 | -30.8% | 53.9% | ||
| Q1 25 | -2.0% | 7.6% | ||
| Q4 24 | 34.5% | 27.6% | ||
| Q3 24 | 42.5% | 8.9% | ||
| Q2 24 | 43.8% | 30.6% |
| Q1 26 | — | 17.1% | ||
| Q4 25 | -20.3% | 10.4% | ||
| Q3 25 | -0.9% | 12.4% | ||
| Q2 25 | -27.2% | 50.8% | ||
| Q1 25 | -11.8% | 6.9% | ||
| Q4 24 | 20.8% | 25.9% | ||
| Q3 24 | 30.4% | 8.1% | ||
| Q2 24 | 27.2% | 28.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.14 | $0.09 | ||
| Q3 25 | $-0.01 | $0.12 | ||
| Q2 25 | $-0.15 | $0.46 | ||
| Q1 25 | $-0.07 | $0.07 | ||
| Q4 24 | $0.12 | $0.25 | ||
| Q3 24 | $0.20 | $0.07 | ||
| Q2 24 | $0.18 | $0.26 |
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 | $50.0M |
| Total DebtLower is stronger | $1.7M | — |
| Stockholders' EquityBook value | $389.3M | $1.4B |
| Total Assets | $530.2M | $3.4B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $50.0M | ||
| Q4 25 | $8.3M | $48.9M | ||
| Q3 25 | $30.4M | $77.8M | ||
| Q2 25 | $19.2M | $53.0M | ||
| Q1 25 | $34.5M | $48.0M | ||
| Q4 24 | $190.7M | $41.4M | ||
| Q3 24 | $177.7M | $67.9M | ||
| Q2 24 | $154.3M | $78.6M |
| 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 | — | $1.4B | ||
| Q4 25 | $389.3M | $1.4B | ||
| Q3 25 | $402.4M | $1.4B | ||
| Q2 25 | $401.3M | $1.4B | ||
| Q1 25 | $415.3M | $1.4B | ||
| Q4 24 | $421.1M | $1.4B | ||
| Q3 24 | $417.6M | $1.3B | ||
| Q2 24 | $397.2M | $1.3B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $530.2M | $3.3B | ||
| Q3 25 | $541.2M | $3.3B | ||
| Q2 25 | $533.7M | $3.3B | ||
| Q1 25 | $562.5M | $3.3B | ||
| Q4 24 | $725.8M | $3.3B | ||
| Q3 24 | $709.8M | $3.2B | ||
| Q2 24 | $697.0M | $3.2B |
| 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 | $39.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.73× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $39.1M | ||
| Q4 25 | $5.7M | $182.7M | ||
| Q3 25 | $53.4M | $55.7M | ||
| Q2 25 | $11.1M | $43.5M | ||
| Q1 25 | $3.9M | $32.6M | ||
| Q4 24 | $30.6M | $153.2M | ||
| Q3 24 | $31.4M | $36.6M | ||
| Q2 24 | $39.1M | $41.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $81.8M | ||
| Q3 25 | — | $26.1M | ||
| Q2 25 | — | $19.6M | ||
| Q1 25 | $-11.6M | $11.9M | ||
| Q4 24 | — | $42.5M | ||
| Q3 24 | — | $12.2M | ||
| Q2 24 | — | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 68.4% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 17.2% | ||
| Q1 25 | -21.1% | 10.0% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 18.6% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | — | 84.4% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 20.9% | ||
| Q1 25 | 28.2% | 17.5% | ||
| Q4 24 | — | 95.1% | ||
| Q3 24 | — | 21.7% | ||
| Q2 24 | — | 20.1% |
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | — | 3.73× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | 2.44× | 5.09× | ||
| Q3 24 | 1.57× | 4.03× | ||
| Q2 24 | 2.13× | 1.34× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
