Company research / TH

Target Hospitality Corp. (TH)

CIK 0001712189 · Nasdaq · Hotels, Rooming Houses, Camps & Other Lodging Places

  • Sector Services
  • Incorporated DE
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Target Hospitality Corp. reported revenue of $320.63M. Revenue fell 17.0% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $347.37M.

Key ratios (year ended 2025-12-31)

13.3%
Gross margin
-10.8%
Operating margin
-11.6%
Net margin
-9.5%
Return on year-end equity
-17.0%
Revenue growth (YoY)

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Latest selected filing: Form 4 (ownership change) · 2026-10-05

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30
2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312020-09-302020-06-302020-03-312019-12-31
Revenue$347.37M$320.63M$386.27M$563.61M$501.99M$291.34M$225.15Mn/an/an/a$321.10M
Gross Profit$47.70M$42.66M$178.18M$313.32M$247.13M$101.35M$57.16Mn/an/an/a$147.01M
Operating Income-$38.57M-$34.75M$108.78M$240.61M$174.37M$37.10M$4.10Mn/an/an/a$47.97M
Depreciation & Amortization$79.21M$73.39M$72.81M$83.98M$67.67M$70.52M$65.61Mn/an/an/a$58.90M
EBITDA$40.64M$38.64M$181.59M$324.58M$242.03M$107.62M$69.72Mn/an/an/a$106.87M
Net Income-$37.68M-$37.12M$71.27M$173.70M$73.94M-$4.58M-$25.13Mn/an/an/a$11.97M
EPS (Diluted)n/a-$0.37$0.70$1.56$0.74-$0.05-$0.26n/an/an/a$0.13
Total Assets$654.19M$530.21M$725.77M$694.35M$771.73M$513.39M$534.24Mn/an/an/a$600.79M
Total Liabilities$284.40M$141.15M$304.68M$317.05M$570.88M$416.12M$435.35M$444.16M$473.18M$466.52M$480.27M
Long-Term Debtn/an/an/an/an/a$341.43M$391.84Mn/an/an/a$421.99M
Shareholders' Equity$370.11M$389.26M$421.08M$377.31M$200.85M$97.27M$98.89M$107.33M$114.01M$126.67M$120.52M
Cash & Equivalents$6.07M$8.35M$190.67M$103.93M$181.67M$23.41M$6.98Mn/an/an/a$6.79M
Operating Cash Flow$170.11M$74.09M$151.68M$156.80M$305.61M$104.60M$46.78Mn/an/an/a$60.49M
Share Repurchasesn/an/a$33.50Mn/an/an/a$5.32Mn/an/an/a$18.24M
Shares Outstanding100.29M99.80M98.95M101.66M100.32M101.95M101.17Mn/an/an/a100.84M
Weighted Average Diluted Sharesn/a99.52M101.43M105.32M100.06M96.61M96.02Mn/an/an/a94.50M
EPS (Basic)n/a-$0.37$0.71$1.71$0.76-$0.05-$0.26n/an/an/a$0.13

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