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Side-by-side financial comparison of Target Hospitality Corp. (TH) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.
VIEMED HEALTHCARE, INC. is the larger business by last-quarter revenue ($76.2M vs $73.5M, roughly 1.0× Target Hospitality Corp.). VIEMED HEALTHCARE, INC. runs the higher net margin — 7.4% vs -20.3%, a 27.7% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 22.0%). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% 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.
Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.
TH vs VMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.5M | $76.2M |
| Net Profit | $-14.9M | $5.6M |
| Gross Margin | 9.6% | 57.9% |
| Operating Margin | -22.9% | 11.0% |
| Net Margin | -20.3% | 7.4% |
| Revenue YoY | 22.0% | 25.5% |
| Net Profit YoY | -219.1% | 30.7% |
| EPS (diluted) | $-0.14 | $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 | $73.5M | $76.2M | ||
| Q3 25 | $91.6M | $71.9M | ||
| Q2 25 | $54.9M | $63.1M | ||
| Q1 25 | $54.9M | $59.1M | ||
| Q4 24 | $60.2M | $60.7M | ||
| Q3 24 | $65.8M | $58.0M | ||
| Q2 24 | $67.5M | $55.0M | ||
| Q1 24 | $72.4M | $50.6M |
| Q4 25 | $-14.9M | $5.6M | ||
| Q3 25 | $-795.0K | $3.5M | ||
| Q2 25 | $-14.9M | $3.2M | ||
| Q1 25 | $-6.5M | $2.6M | ||
| Q4 24 | $12.5M | $4.3M | ||
| Q3 24 | $20.0M | $3.9M | ||
| Q2 24 | $18.4M | $1.5M | ||
| Q1 24 | $20.4M | $1.6M |
| Q4 25 | 9.6% | 57.9% | ||
| Q3 25 | 19.6% | 57.5% | ||
| Q2 25 | -0.6% | 58.3% | ||
| Q1 25 | 32.7% | 56.3% | ||
| Q4 24 | 61.5% | 59.5% | ||
| Q3 24 | 68.7% | 59.3% | ||
| Q2 24 | 69.4% | 59.8% | ||
| Q1 24 | 67.8% | 58.9% |
| Q4 25 | -22.9% | 11.0% | ||
| Q3 25 | 0.1% | 7.8% | ||
| Q2 25 | -30.8% | 8.1% | ||
| Q1 25 | -2.0% | 6.5% | ||
| Q4 24 | 34.5% | 10.6% | ||
| Q3 24 | 42.5% | 9.7% | ||
| Q2 24 | 43.8% | 6.6% | ||
| Q1 24 | 42.0% | 4.4% |
| Q4 25 | -20.3% | 7.4% | ||
| Q3 25 | -0.9% | 4.9% | ||
| Q2 25 | -27.2% | 5.0% | ||
| Q1 25 | -11.8% | 4.4% | ||
| Q4 24 | 20.8% | 7.1% | ||
| Q3 24 | 30.4% | 6.7% | ||
| Q2 24 | 27.2% | 2.7% | ||
| Q1 24 | 28.2% | 3.2% |
| Q4 25 | $-0.14 | $0.14 | ||
| Q3 25 | $-0.01 | $0.09 | ||
| Q2 25 | $-0.15 | $0.08 | ||
| Q1 25 | $-0.07 | $0.06 | ||
| Q4 24 | $0.12 | $0.10 | ||
| Q3 24 | $0.20 | $0.10 | ||
| Q2 24 | $0.18 | $0.04 | ||
| Q1 24 | $0.20 | $0.04 |
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 | $13.5M |
| Total DebtLower is stronger | $1.7M | — |
| Stockholders' EquityBook value | $389.3M | $141.5M |
| Total Assets | $530.2M | $199.2M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $13.5M | ||
| Q3 25 | $30.4M | $11.1M | ||
| Q2 25 | $19.2M | $20.0M | ||
| Q1 25 | $34.5M | $10.2M | ||
| Q4 24 | $190.7M | $17.5M | ||
| Q3 24 | $177.7M | $11.3M | ||
| Q2 24 | $154.3M | $8.8M | ||
| Q1 24 | $124.3M | $7.3M |
| 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 24 | $179.9M | — |
| Q4 25 | $389.3M | $141.5M | ||
| Q3 25 | $402.4M | $133.6M | ||
| Q2 25 | $401.3M | $139.7M | ||
| Q1 25 | $415.3M | $134.8M | ||
| Q4 24 | $421.1M | $131.4M | ||
| Q3 24 | $417.6M | $125.0M | ||
| Q2 24 | $397.2M | $119.4M | ||
| Q1 24 | $375.5M | $116.3M |
| Q4 25 | $530.2M | $199.2M | ||
| Q3 25 | $541.2M | $202.4M | ||
| Q2 25 | $533.7M | $184.6M | ||
| Q1 25 | $562.5M | $178.1M | ||
| Q4 24 | $725.8M | $177.1M | ||
| Q3 24 | $709.8M | $169.5M | ||
| Q2 24 | $697.0M | $163.9M | ||
| Q1 24 | $687.2M | $154.9M |
| 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× | — | ||
| Q1 24 | 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 | $5.7M | $18.4M |
| Free Cash FlowOCF − Capex | — | $9.7M |
| FCF MarginFCF / Revenue | — | 12.7% |
| Capex IntensityCapex / Revenue | — | 11.5% |
| Cash ConversionOCF / Net Profit | — | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | — | $11.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | $18.4M | ||
| Q3 25 | $53.4M | $18.4M | ||
| Q2 25 | $11.1M | $12.3M | ||
| Q1 25 | $3.9M | $2.9M | ||
| Q4 24 | $30.6M | $15.0M | ||
| Q3 24 | $31.4M | $12.7M | ||
| Q2 24 | $39.1M | $10.2M | ||
| Q1 24 | $50.6M | $1.2M |
| Q4 25 | — | $9.7M | ||
| Q3 25 | — | $10.7M | ||
| Q2 25 | — | $4.1M | ||
| Q1 25 | $-11.6M | $-12.6M | ||
| Q4 24 | — | $3.2M | ||
| Q3 24 | — | $1.7M | ||
| Q2 24 | — | $1.2M | ||
| Q1 24 | — | $-4.8M |
| Q4 25 | — | 12.7% | ||
| Q3 25 | — | 14.9% | ||
| Q2 25 | — | 6.5% | ||
| Q1 25 | -21.1% | -21.4% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | -9.5% |
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | 28.2% | 26.2% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 19.0% | ||
| Q2 24 | — | 16.3% | ||
| Q1 24 | — | 11.9% |
| Q4 25 | — | 3.27× | ||
| Q3 25 | — | 5.23× | ||
| Q2 25 | — | 3.88× | ||
| Q1 25 | — | 1.09× | ||
| Q4 24 | 2.44× | 3.47× | ||
| Q3 24 | 1.57× | 3.29× | ||
| Q2 24 | 2.13× | 6.94× | ||
| Q1 24 | 2.48× | 0.73× |
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% |
VMD
Segment breakdown not available.
