TH vs. COKE

Last updated Jun 5, 2026

TH (Target Hospitality Corp.) and COKE (Coca-Cola Consolidated, Inc.) are both stocks. TH operates in Oil & Gas Equipment & Services (Energy), while COKE operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 5 years, TH returned 35.14%/yr vs 32.94%/yr for COKE. At a 0.12 correlation, their price movements are largely independent.

Performance

TH vs. COKE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Target Hospitality Corp. (TH) and Coca-Cola Consolidated, Inc. (COKE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TH achieves a 109.86% return, which is significantly higher than COKE's 11.40% return.

TH

• 1D: -1.47%
• 1M: 7.41%
• YTD: 109.86%
• 6M: 116.34%
• 1Y: 132.18%
• 3Y*: 3.48%
• 5Y*: 35.14%
• 10Y*: —

COKE

• 1D: -3.99%
• 1M: -20.95%
• YTD: 11.40%
• 6M: 3.06%
• 1Y: 59.26%
• 3Y*: 38.35%
• 5Y*: 32.94%
• 10Y*: 30.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TH vs. COKE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TH Target Hospitality Corp.	109.86%	-17.12%	-0.67%	-35.73%	325.28%	125.32%	-68.40%	-50.40%	3.38%
COKE Coca-Cola Consolidated, Inc.	11.40%	22.63%	38.75%	82.92%	-17.09%	133.24%	-5.87%	60.74%	-5.60%

Correlation

The correlation between TH and COKE is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Mar 9, 2018	0.12

The correlation between TH and COKE shifts across timeframes, from 0.00 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TH : $1.68B COKE : $11.34B
EPS TH : -$0.44 COKE : $7.14
PS Ratio TH : 5.18 COKE : 1.84
Total Revenue (TTM) TH : $323.52M COKE : $7.49B
Gross Profit (TTM) TH : $34.44M COKE : $2.95B
EBITDA (TTM) TH : $17.91M COKE : $1.10B

Return for Risk

TH vs. COKE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TH

TH Risk / Return Rank: 90
TH Sharpe Ratio Rank: 90
TH Sortino Ratio Rank: 92
TH Omega Ratio Rank: 91
TH Calmar Ratio Rank: 88
TH Martin Ratio Rank: 88

COKE

COKE Risk / Return Rank: 81
COKE Sharpe Ratio Rank: 85
COKE Sortino Ratio Rank: 77
COKE Omega Ratio Rank: 81
COKE Calmar Ratio Rank: 78
COKE Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TH vs. COKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Target Hospitality Corp. (TH) and Coca-Cola Consolidated, Inc. (COKE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	TH	COKE	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.74	+0.45
Sortino ratio: Return per unit of downside risk	3.49	2.11	+1.38
Omega ratio: Gain probability vs. loss probability	1.45	1.31	+0.13
Calmar ratio: Return relative to maximum drawdown	4.16	2.43	+1.74
Martin ratio: Return relative to average drawdown	10.36	7.38	+2.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TH vs. COKE - Sharpe Ratio Comparison

The current TH Sharpe Ratio is 2.19, which is comparable to the COKE Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of TH and COKE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TH	COKE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	1.74	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.88	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.83	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.44	-0.35

Drawdowns

TH vs. COKE - Drawdown Comparison

The maximum TH drawdown since its inception was -92.35%, which is greater than COKE's maximum drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for TH and COKE.

Drawdown Indicators

	TH	COKE	Difference
Max Drawdown Largest peak-to-trough decline	-92.35%	-54.32%	-38.03%
Max Drawdown (1Y) Largest decline over 1 year	-31.95%	-24.56%	-7.39%
Max Drawdown (3Y) Largest decline over 3 years	-69.13%	-27.38%	-41.75%
Max Drawdown (5Y) Largest decline over 5 years	-71.94%	-35.52%	-36.42%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.71%	—
Current Drawdown Current decline from peak	-9.91%	-21.40%	+11.49%
Average Drawdown Average peak-to-trough decline	-42.20%	-18.88%	-23.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.81%	8.06%	+4.75%

Volatility

TH vs. COKE - Volatility Comparison

Target Hospitality Corp. (TH) has a higher volatility of 20.24% compared to Coca-Cola Consolidated, Inc. (COKE) at 19.00%. This indicates that TH's price experiences larger fluctuations and is considered to be riskier than COKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TH	COKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.24%	19.00%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	47.62%	29.06%	+18.56%
Volatility (1Y) Calculated over the trailing 1-year period	60.81%	34.43%	+26.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.01%	37.45%	+30.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.72%	37.12%	+38.60%

Dividends

TH vs. COKE - Dividend Comparison

TH has not paid dividends to shareholders, while COKE's dividend yield for the trailing twelve months is around 0.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COKE Coca-Cola Consolidated, Inc.	0.59%	0.65%	1.59%	0.54%	0.20%	0.16%	0.38%	0.35%	0.56%	0.46%	0.56%	0.55%
TH Target Hospitality Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

TH vs. COKE - Profitability Comparison

The chart below illustrates the profitability comparison between Target Hospitality Corp. and Coca-Cola Consolidated, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Target Hospitality Corp. reported a gross profit of 6.88M and revenue of 72.78M. Therefore, the gross margin over that period was 9.5%.

COKE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Coca-Cola Consolidated, Inc. reported a gross profit of 727.08M and revenue of 1.85B. Therefore, the gross margin over that period was 39.4%.

TH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Target Hospitality Corp. reported an operating income of -7.67M and revenue of 72.78M, resulting in an operating margin of -10.5%.

COKE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Coca-Cola Consolidated, Inc. reported an operating income of 237.52M and revenue of 1.85B, resulting in an operating margin of 12.9%.

TH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Target Hospitality Corp. reported a net income of -12.92M and revenue of 72.78M, resulting in a net margin of -17.8%.

COKE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Coca-Cola Consolidated, Inc. reported a net income of 111.56M and revenue of 1.85B, resulting in a net margin of 6.0%.

Frequently Asked Questions

Can I hold both TH and COKE in my portfolio?

TH and COKE have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TH or COKE?

TH has higher volatility (20.24%) compared to COKE (19.00%). In terms of maximum drawdown, TH dropped -92.35% vs COKE's -54.32%.

Which has better risk-adjusted returns?

TH currently has the higher Sharpe Ratio (2.19 vs 1.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.