vs
Side-by-side financial comparison of Target Hospitality Corp. (TH) and UNIFI INC (UFI). Click either name above to swap in a different company.
UNIFI INC is the larger business by last-quarter revenue ($121.4M vs $73.5M, roughly 1.7× Target Hospitality Corp.). UNIFI INC runs the higher net margin — -8.0% vs -20.3%, a 12.3% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs -12.6%). Over the past eight quarters, Target Hospitality Corp.'s revenue compounded faster (0.7% CAGR vs -9.7%).
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.
Unifi Aviation, LLC is the largest aviation ground handling services in North America. Unifi was formed late 2018, after Delta Air Lines sold a stake of its subsidiary, DAL Global Services, to Argenbright Holdings. Unifi is jointly owned by Argenbright, who owns 51% of the company and Delta, who owns 49%.
TH vs UFI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $73.5M | $121.4M |
| Net Profit | $-14.9M | $-9.7M |
| Gross Margin | 9.6% | 3.0% |
| Operating Margin | -22.9% | -6.0% |
| Net Margin | -20.3% | -8.0% |
| Revenue YoY | 22.0% | -12.6% |
| Net Profit YoY | -219.1% | 14.8% |
| EPS (diluted) | $-0.14 | $-0.53 |
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 | $73.5M | $121.4M | ||
| Q3 25 | $91.6M | $135.7M | ||
| Q2 25 | $54.9M | $138.5M | ||
| Q1 25 | $54.9M | $146.6M | ||
| Q4 24 | $60.2M | $138.9M | ||
| Q3 24 | $65.8M | $147.4M | ||
| Q2 24 | $67.5M | $157.5M | ||
| Q1 24 | $72.4M | $149.0M |
| Q4 25 | $-14.9M | $-9.7M | ||
| Q3 25 | $-795.0K | $-11.4M | ||
| Q2 25 | $-14.9M | $15.5M | ||
| Q1 25 | $-6.5M | $-16.8M | ||
| Q4 24 | $12.5M | $-11.4M | ||
| Q3 24 | $20.0M | $-7.6M | ||
| Q2 24 | $18.4M | $-4.0M | ||
| Q1 24 | $20.4M | $-10.3M |
| Q4 25 | 9.6% | 3.0% | ||
| Q3 25 | 19.6% | 2.5% | ||
| Q2 25 | -0.6% | -0.8% | ||
| Q1 25 | 32.7% | -0.3% | ||
| Q4 24 | 61.5% | 0.4% | ||
| Q3 24 | 68.7% | 6.4% | ||
| Q2 24 | 69.4% | 6.9% | ||
| Q1 24 | 67.8% | 3.2% |
| Q4 25 | -22.9% | -6.0% | ||
| Q3 25 | 0.1% | -7.1% | ||
| Q2 25 | -30.8% | 10.9% | ||
| Q1 25 | -2.0% | -9.5% | ||
| Q4 24 | 34.5% | -5.4% | ||
| Q3 24 | 42.5% | -2.2% | ||
| Q2 24 | 43.8% | -0.5% | ||
| Q1 24 | 42.0% | -4.6% |
| Q4 25 | -20.3% | -8.0% | ||
| Q3 25 | -0.9% | -8.4% | ||
| Q2 25 | -27.2% | 11.2% | ||
| Q1 25 | -11.8% | -11.5% | ||
| Q4 24 | 20.8% | -8.2% | ||
| Q3 24 | 30.4% | -5.2% | ||
| Q2 24 | 27.2% | -2.5% | ||
| Q1 24 | 28.2% | -6.9% |
| Q4 25 | $-0.14 | $-0.53 | ||
| Q3 25 | $-0.01 | $-0.62 | ||
| Q2 25 | $-0.15 | $0.85 | ||
| Q1 25 | $-0.07 | $-0.92 | ||
| Q4 24 | $0.12 | $-0.62 | ||
| Q3 24 | $0.20 | $-0.42 | ||
| Q2 24 | $0.18 | $-0.21 | ||
| Q1 24 | $0.20 | $-0.57 |
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 | $30.2M |
| Total DebtLower is stronger | $1.7M | $92.6M |
| Stockholders' EquityBook value | $389.3M | $230.0M |
| Total Assets | $530.2M | $382.9M |
| Debt / EquityLower = less leverage | 0.00× | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $30.2M | ||
| Q3 25 | $30.4M | $20.6M | ||
| Q2 25 | $19.2M | $22.7M | ||
| Q1 25 | $34.5M | $16.3M | ||
| Q4 24 | $190.7M | $18.7M | ||
| Q3 24 | $177.7M | $13.7M | ||
| Q2 24 | $154.3M | $26.8M | ||
| Q1 24 | $124.3M | $27.7M |
| Q4 25 | $1.7M | $92.6M | ||
| Q3 25 | $2.0M | $107.5M | ||
| Q2 25 | $26.3M | $95.7M | ||
| Q1 25 | $42.9M | $127.9M | ||
| Q4 24 | $1.5M | $123.0M | ||
| Q3 24 | $994.0K | $119.3M | ||
| Q2 24 | $1.1M | $117.8M | ||
| Q1 24 | $179.9M | $116.1M |
| Q4 25 | $389.3M | $230.0M | ||
| Q3 25 | $402.4M | $241.1M | ||
| Q2 25 | $401.3M | $249.5M | ||
| Q1 25 | $415.3M | $228.4M | ||
| Q4 24 | $421.1M | $237.2M | ||
| Q3 24 | $417.6M | $259.7M | ||
| Q2 24 | $397.2M | $263.4M | ||
| Q1 24 | $375.5M | $277.8M |
| Q4 25 | $530.2M | $382.9M | ||
| Q3 25 | $541.2M | $424.6M | ||
| Q2 25 | $533.7M | $426.9M | ||
| Q1 25 | $562.5M | $446.5M | ||
| Q4 24 | $725.8M | $439.7M | ||
| Q3 24 | $709.8M | $467.0M | ||
| Q2 24 | $697.0M | $469.2M | ||
| Q1 24 | $687.2M | $482.6M |
| Q4 25 | 0.00× | 0.40× | ||
| Q3 25 | 0.01× | 0.45× | ||
| Q2 25 | 0.07× | 0.38× | ||
| Q1 25 | 0.10× | 0.56× | ||
| Q4 24 | 0.00× | 0.52× | ||
| Q3 24 | 0.00× | 0.46× | ||
| Q2 24 | 0.00× | 0.45× | ||
| Q1 24 | 0.48× | 0.42× |
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 | $25.3M |
| Free Cash FlowOCF − Capex | — | $24.2M |
| FCF MarginFCF / Revenue | — | 20.0% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $25.3M | ||
| Q3 25 | $53.4M | $-8.9M | ||
| Q2 25 | $11.1M | $-1.3M | ||
| Q1 25 | $3.9M | $-5.0M | ||
| Q4 24 | $30.6M | $-2.2M | ||
| Q3 24 | $31.4M | $-12.8M | ||
| Q2 24 | $39.1M | $932.0K | ||
| Q1 24 | $50.6M | $-1.4M |
| Q4 25 | — | $24.2M | ||
| Q3 25 | — | $-10.9M | ||
| Q2 25 | — | $-3.9M | ||
| Q1 25 | $-11.6M | $-8.0M | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | — | $-14.9M | ||
| Q2 24 | — | $-1.7M | ||
| Q1 24 | — | $-3.9M |
| Q4 25 | — | 20.0% | ||
| Q3 25 | — | -8.1% | ||
| Q2 25 | — | -2.8% | ||
| Q1 25 | -21.1% | -5.4% | ||
| Q4 24 | — | -3.7% | ||
| Q3 24 | — | -10.1% | ||
| Q2 24 | — | -1.1% | ||
| Q1 24 | — | -2.6% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | 28.2% | 2.0% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.09× | ||
| 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
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
UFI
| Other | $67.8M | 56% |
| REPREVE Fiber | $34.3M | 28% |
| Export Sales From US Operations | $10.5M | 9% |
| All Other Foreign Countries | $8.8M | 7% |
