Lindblad Expeditions Holdings vs Target Hospitality
Lindblad Expeditions Holdings is the larger business, with $771m of revenue in fiscal 2025 against $321m for Target Hospitality (2.4 times as much). Lindblad Expeditions Holdings grew faster (19.6% against -17.0%). Lindblad Expeditions Holdings kept more of each dollar of sales as profit: a net margin of -3.9% against -11.6%.
| Latest fiscal year | Lindblad Expeditions HoldingsLIND, 2025 | Target HospitalityTH, 2025 |
|---|---|---|
| Revenue | $771m | $321m |
| Revenue growth | 19.6% | -17.0% |
| Net income | −$29.7m | −$37.1m |
| Operating margin | — | — |
| Net margin | -3.9% | -11.6% |
| Return on equity | — | -9.2% |
| Free cash flow | $63.8m | $73.3m |
| Cash | $257m | $8.3m |
| Total debt | $675m | $3.8m |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 1,550 | 902 |
| Market value | $2.16bn | $1.44bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 22 (Weak) | 59 (Moderate) |
| Insider trades, 12 months | 0 buys, 55 sales | 4 buys, 4 sales |