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Target Hospitality Corp.(TH)Earnings, Financials & Key Ratios
TH•NASDAQ
$19.73
Price updated Jul 6, 2026
AboutTarget Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through four segments: Hospitality & Facilities Services - South, Hospitality & Facilities Services - Midwest, Government, and TCPL Keystone. It owns a network of specialty rental accommodation units with approximately 15,528 beds across 27 communities, which include 26 owned and 1 leased; and operates 1 community not owned or leased by the company. Target Hospitality Corp. also provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation, workforce community management, concierge, and laundry services. It serves the U.S. government, government contractors, investment grade natural resource development companies, and energy infrastructure companies. The company was founded in 1978 and is headquartered in The Woodlands, Texas.Show more
- Revenue$321M-17.0%
- EBITDA$61M-50.6%
- Net Income-$37M-152.1%
- EPS (Diluted)-0.37-152.9%
- Gross Margin4.05%-91.2%
- EBITDA Margin19.17%-40.5%
- Operating Margin-8.82%-131.3%
- Net Margin-11.58%-162.8%
- ROE-9.16%-151.3%
TH Price & Volume
Target Hospitality Corp. (TH) stock price & volume — 10-year historical chart
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Sustained Revenue Erosion Challenges Operational Profitability Viability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Healthy
Cash Flow:Deteriorating
Primary Risk:Government contract concentration risk
Key Thesis Takeaways
- Target Hospitality faces a precarious outlook characterized by a sharp decline in top-line revenue from $126.2 million in 2023Q4 to $72.8 million in 2026Q1.
- The company's inability to maintain positive net income for five consecutive quarters, coupled with a collapse in gross margins to -0.7%, suggests significant structural challenges in its current business model.
- While the firm has successfully reduced its debt-to-equity ratio to 0.10, the rapid depletion of cash reserves to $5.5 million warrants extreme caution regarding near-term operational runway.
Verdict Logic
the company's inability to generate positive net income, evidenced by a -17.8% net margin in 2026Q1, indicates fundamental instability that outweighs the benefits of its current low-leverage profile.
TH Growth Metrics
Target Hospitality Corp. (TH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years7.33%
3 Years-13.88%
TTM-7.43%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-198.1%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-201.86%
Return on Capital
10 Years14.36%
5 Years19.11%
3 Years17.8%
Last Year-6.02%
TH Recent Earnings
Target Hospitality Corp. (TH) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 10/12 qtrs (83%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.13-18.2%
$0.11
Rev
$73M-0.6%
$73M
Q2 2026
Mar 11, 2026Metric
Actual
Est
EPS
$0.15-50.0%
$0.10
Rev
$90M+4.6%
$86M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.01+75.0%
$0.04
Rev
$99M+16.6%
$85M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.15-36.4%
$0.11
Rev
$62M-27.8%
$85M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.13vs $0.11-18.2% | $73Mvs $73M-0.6% |
| Q2 2026 | Mar 11, 2026 | $0.15vs $0.10-50.0% | $90Mvs $86M+4.6% |
| Q4 2025 | Nov 6, 2025 | $0.01vs $0.04+75.0% | $99Mvs $85M+16.6% |
| Q3 2025 | Aug 7, 2025 | $0.15vs $0.11-36.4% | $62Mvs $85M-27.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Target Hospitality Corp. (TH)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $19.73 | $1.98B | -53.32 | -16.99% | -11.58% | -9.16% | — | |
| $116.31 | $2.86B | 18.32 | 3.65% | 16.38% | 12.84% | — | |
| $26.50 | $4.8B | -91.38 | -4.77% | -2.99% | -7.11% | — | |
| $44.64 | $1.24B | -101.45 | 2.49% | -10.47% | -3.89% | — | |
| $16.33 | $6.05B | 13.39 | -7.88% | 17.69% | 4.75% | — | |
| $1099.68 | $68.89B | 28.48 | 4.91% | 15.32% | 27.88% | — |
Compare TH vs Peers
Target Hospitality Corp. (TH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TH SEC Filings & Documents
Target Hospitality Corp. (TH) SEC filings — annual & quarterly reports (10-K, 10-Q)
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TH Frequently Asked Questions
Target Hospitality Corp. (TH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Target Hospitality Corp.'s revenue?
Target Hospitality Corp. (TH) reported $323.5M in revenue for fiscal year 2025. This represents a 116% increase from $149.5M in 2016.
How fast is Target Hospitality Corp. growing?
Target Hospitality Corp. (TH) saw revenue decline by 17.0% over the past year.
Is TH profitable?
Target Hospitality Corp. (TH) reported a net loss of $43.6M for fiscal year 2025.
Dividend & Returns
What is TH's return on equity?
Target Hospitality Corp. (TH) has a return on equity (ROE) of -9.2%. Negative ROE indicates the company is unprofitable.
What is Target Hospitality Corp.'s free cash flow?
Target Hospitality Corp. (TH) generated $59.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.