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Target Hospitality Corp.（TH）与合众银行（WASH）财务数据对比。点击上方公司名可切换其他公司
Target Hospitality Corp.的季度营收约是合众银行的1.3倍（$73.5M vs $57.8M），合众银行净利率更高（21.8% vs -20.3%，领先42.1%），过去两年合众银行的营收复合增速更高（9.5% vs 0.7%）
Target Hospitality是一家专业住宿服务提供商，主营石油、天然气及矿业项目用工住宿，也提供大型活动、灾后救援所需的临时模块化住宿，总部位于得克萨斯州伍德兰兹，同时在北达科他州威利斯顿、科罗拉多州丹佛以及阿尔伯塔省卡尔加里设有办事处。
美国合众银行是一家美国跨国金融机构，总部位于明尼苏达州明尼阿波利斯，在特拉华州注册成立。截至2025年，该银行为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性的金融机构。它主营银行、投资、抵押贷款等多元金融业务。
TH vs WASH — 直观对比
营收规模更大
TH
是对方的1.3倍
$57.8M
净利率更高
WASH
高出42.1%
-20.3%
两年增速更快
WASH
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $73.5M | $57.8M |
| 净利润 | $-14.9M | $12.6M |
| 毛利率 | 9.6% | — |
| 营业利润率 | -22.9% | — |
| 净利率 | -20.3% | 21.8% |
| 营收同比 | 22.0% | — |
| 净利润同比 | -219.1% | 3.5% |
| 每股收益（稀释后） | $-0.14 | $0.66 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收THWASH
| Q1 26 | — | $57.8M | ||
| Q4 25 | $73.5M | $59.3M | ||
| Q3 25 | $91.6M | $56.5M | ||
| Q2 25 | $54.9M | $54.3M | ||
| Q1 25 | $54.9M | $59.1M | ||
| Q4 24 | $60.2M | $12.4M | ||
| Q3 24 | $65.8M | $48.5M | ||
| Q2 24 | $67.5M | $48.2M |
净利润THWASH
| Q1 26 | — | $12.6M | ||
| Q4 25 | $-14.9M | $16.0M | ||
| Q3 25 | $-795.0K | $10.8M | ||
| Q2 25 | $-14.9M | $13.2M | ||
| Q1 25 | $-6.5M | $12.2M | ||
| Q4 24 | $12.5M | $-60.8M | ||
| Q3 24 | $20.0M | $11.0M | ||
| Q2 24 | $18.4M | $10.8M |
毛利率THWASH
| 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% | — |
营业利润率THWASH
| Q1 26 | — | — | ||
| Q4 25 | -22.9% | 34.9% | ||
| Q3 25 | 0.1% | 24.7% | ||
| Q2 25 | -30.8% | 31.6% | ||
| Q1 25 | -2.0% | 26.5% | ||
| Q4 24 | 34.5% | -648.7% | ||
| Q3 24 | 42.5% | 28.5% | ||
| Q2 24 | 43.8% | 28.7% |
净利率THWASH
| Q1 26 | — | 21.8% | ||
| Q4 25 | -20.3% | 27.0% | ||
| Q3 25 | -0.9% | 19.2% | ||
| Q2 25 | -27.2% | 24.4% | ||
| Q1 25 | -11.8% | 20.6% | ||
| Q4 24 | 20.8% | -491.4% | ||
| Q3 24 | 30.4% | 22.6% | ||
| Q2 24 | 27.2% | 22.4% |
每股收益（稀释后）THWASH
| Q1 26 | — | $0.66 | ||
| Q4 25 | $-0.14 | $0.84 | ||
| Q3 25 | $-0.01 | $0.56 | ||
| Q2 25 | $-0.15 | $0.68 | ||
| Q1 25 | $-0.07 | $0.63 | ||
| Q4 24 | $0.12 | $-3.54 | ||
| Q3 24 | $0.20 | $0.64 | ||
| Q2 24 | $0.18 | $0.63 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $8.3M | $12.3M |
| 总债务越低越好 | $1.7M | — |
| 股东权益账面价值 | $389.3M | $546.8M |
| 总资产 | $530.2M | $6.5B |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资THWASH
| Q1 26 | — | $12.3M | ||
| 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 | — |
总债务THWASH
| 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 | — |
股东权益THWASH
| Q1 26 | — | $546.8M | ||
| Q4 25 | $389.3M | $543.6M | ||
| Q3 25 | $402.4M | $533.0M | ||
| Q2 25 | $401.3M | $527.5M | ||
| Q1 25 | $415.3M | $521.7M | ||
| Q4 24 | $421.1M | $499.7M | ||
| Q3 24 | $417.6M | $502.2M | ||
| Q2 24 | $397.2M | $471.0M |
总资产THWASH
| Q1 26 | — | $6.5B | ||
| Q4 25 | $530.2M | $6.6B | ||
| Q3 25 | $541.2M | $6.7B | ||
| Q2 25 | $533.7M | $6.7B | ||
| Q1 25 | $562.5M | $6.6B | ||
| Q4 24 | $725.8M | $6.9B | ||
| Q3 24 | $709.8M | $7.1B | ||
| Q2 24 | $697.0M | $7.2B |
负债/权益比THWASH
| 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× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $5.7M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流THWASH
| Q1 26 | — | — | ||
| Q4 25 | $5.7M | $80.3M | ||
| Q3 25 | $53.4M | $39.6M | ||
| Q2 25 | $11.1M | $11.3M | ||
| Q1 25 | $3.9M | $8.4M | ||
| Q4 24 | $30.6M | $57.7M | ||
| Q3 24 | $31.4M | $25.7M | ||
| Q2 24 | $39.1M | $11.2M |
自由现金流THWASH
| Q1 26 | — | — | ||
| Q4 25 | — | $78.3M | ||
| Q3 25 | — | $39.3M | ||
| Q2 25 | — | $10.9M | ||
| Q1 25 | $-11.6M | $8.4M | ||
| Q4 24 | — | $53.7M | ||
| Q3 24 | — | $24.4M | ||
| Q2 24 | — | $9.6M |
自由现金流率THWASH
| Q1 26 | — | — | ||
| Q4 25 | — | 132.2% | ||
| Q3 25 | — | 69.6% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | -21.1% | 14.2% | ||
| Q4 24 | — | 433.8% | ||
| Q3 24 | — | 50.4% | ||
| Q2 24 | — | 19.8% |
资本支出强度THWASH
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | 28.2% | 0.1% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 3.4% |
现金转化率THWASH
| Q1 26 | — | — | ||
| Q4 25 | — | 5.03× | ||
| Q3 25 | — | 3.65× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 2.44× | — | ||
| Q3 24 | 1.57× | 2.34× | ||
| Q2 24 | 2.13× | 1.03× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |
