Filing Flows › Comparisons › TH vs MDLK
Target Hospitality vs ModuLink: TH and MDLK compared
Target Hospitality is the larger company: $85.5M of revenue in its latest quarter (Q2 2026) against $360K for ModuLink (Q2 2026). Target Hospitality is growing faster (+39% against +6% a year earlier). Target Hospitality is more profitable, with an operating margin of -8.8% against -24.9%.
Where the money goes: TH and MDLK
Target Hospitality (TH) · Q2 2026
Target Hospitality, Q2 2026: revenue $85.5M (+39% year over year), operating margin -8.8%, net loss $9.0M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
ModuLink (MDLK) · Q2 2026
ModuLink, Q2 2026: revenue $360K (+6% year over year), operating margin -24.9%, net loss $87K, operating cash flow −$276K. The chart follows the revenue to costs, profit and cash.
| Target Hospitality (TH) | ModuLink (MDLK) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $85.5M | $360K |
| Revenue growth, Y/Y | +39% | +6% |
| Operating margin | -8.8% | -24.9% |
| Net earnings | −$9.0M | −$87K |
| Net margin | -10.5% | -24.1% |
| Operating cash flow | $104M | −$276K |
| Free cash flow | $96.2M | — |
Where the revenue comes from
Target Hospitality
- HFS - South: $31.5M (37%)
- Other revenues: $30.8M (36%)
- WHS: $15.7M (18%)
- Government: $4.5M (5%)
Questions
Which is bigger, Target Hospitality or ModuLink?
Target Hospitality is the larger company: $85.5M of revenue in its latest quarter (Q2 2026) against $360K for ModuLink (Q2 2026).
Is Target Hospitality or ModuLink growing faster?
Target Hospitality is growing faster (+39% against +6% a year earlier).
Which is more profitable, Target Hospitality or ModuLink?
Target Hospitality is more profitable, with an operating margin of -8.8% against -24.9%.
More: Target Hospitality earnings · how Target Hospitality makes money · ModuLink earnings · how ModuLink makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 10, 2026; 10-Q filed Aug 19, 2026). Fiscal quarters can end on different dates. Not investment advice.