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ModuLink vs Target Hospitality: revenue, profit, margins and growth compared

ModuLink brought in $1.3M of revenue in fiscal 2025, Target Hospitality $320.6M in fiscal 2025. Revenue changed by +216.3% at ModuLink and -17.0% at Target Hospitality on the year before, so ModuLink grew faster. ModuLink kept -98.1% of its revenue as net profit, Target Hospitality -11.6%.

Side by side, latest fiscal year

MDLKTH
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$1.3M$320.6M
Revenue growth+216.3%-17.0%
Net income-$1.3M-$37.1M
Net margin-98.1%-11.6%
Free cash flow-$1.3Mn/a
Free cash flow margin-98.4%n/a
Earnings per share (diluted)-$0.00-$0.37
Cash$152.8K$8.3M
Debtn/a$3.8M
Price to earningsn/an/a
Market value$1.2M$1.9B
Dividend yieldn/an/a
Rank by revenue in sector#1012 of 1065 · Consumer discretionary#651 of 1065 · Consumer discretionary

Over the years

Revenue
MDLK FY2014: $30KMDLK FY2016: $98.9KMDLK FY2016: $60.5KMDLK FY2025: $409.3KMDLK FY2025: $1.3MTH FY2018: $240.6MTH FY2019: $321.1MTH FY2020: $225.1MTH FY2021: $291.3MTH FY2022: $502MTH FY2023: $563.6MTH FY2024: $386.3MTH FY2025: $320.6MFY14FY16FY18FY19FY20FY21FY22FY23FY24FY25
MDLK $1.3MTH $320.6M
Net income
MDLK FY2014: -$177.3KMDLK FY2016: -$72KMDLK FY2016: -$122.3KMDLK FY2025: -$283.4KMDLK FY2025: -$1.3MTH FY2018: $5MTH FY2019: $12MTH FY2020: -$25.1MTH FY2021: -$4.6MTH FY2022: $73.9MTH FY2023: $173.7MTH FY2024: $71.3MTH FY2025: -$37.1MFY14FY16FY18FY19FY20FY21FY22FY23FY24FY25
MDLK -$1.3MTH -$37.1M
Net margin
MDLK FY2014: -590.8%MDLK FY2016: -72.8%MDLK FY2016: -202.1%MDLK FY2025: -69.2%MDLK FY2025: -98.1%TH FY2018: 2.1%TH FY2019: 3.7%TH FY2020: -11.2%TH FY2021: -1.6%TH FY2022: 14.7%TH FY2023: 30.8%TH FY2024: 18.4%TH FY2025: -11.6%FY14FY16FY18FY19FY20FY21FY22FY23FY24FY25
MDLK -98.1%TH -11.6%
Revenue growth
MDLK FY2016: +229.8%MDLK FY2016: -38.8%MDLK FY2025: +216.3%TH FY2019: +33.5%TH FY2020: -29.9%TH FY2021: +29.4%TH FY2022: +72.3%TH FY2023: +12.3%TH FY2024: -31.5%TH FY2025: -17.0%FY16FY19FY20FY21FY22FY23FY24FY25
MDLK +216.3%TH -17.0%

Fiscal years as each company reports them; the two may end in different months.

Questions about ModuLink and Target Hospitality

Which is bigger by revenue, ModuLink or Target Hospitality?

Target Hospitality is bigger by revenue: $320.6M in fiscal 2025, against $1.3M for ModuLink in fiscal 2025.

Which keeps more of its revenue as profit, ModuLink or Target Hospitality?

ModuLink had a net margin of -98.1% in fiscal 2025; Target Hospitality had -11.6% in fiscal 2025.

Which grew revenue faster, ModuLink or Target Hospitality?

In their latest fiscal years revenue changed by +216.3% at ModuLink and -17.0% at Target Hospitality.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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