20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
Target Hospitality Corp (TH) operates in the SPECIALTY BUSINESS SERVICES industry and is headquartered in The Woodlands, United States with about 902 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, TH reported $321M in revenue and ($37M) in net income.
Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. It operates through Hospitality & Facilities Services South, Workforce Hospitality Solutions, and Government segments. The company owns a network of specialty rental accommodation units.
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| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $347M | $321M | $386M | $564M | $502M | $291M | $225M | $321M | $241M | $134M | $149M |
| Gross Profit | $25M | $13M | $178M | $313M | $247M | $101M | $57M | $147M | $90M | $53M | $97M |
| Gross Margin % | 7.3% | 4.0% | 46.1% | 55.6% | 49.2% | 34.8% | 25.4% | 45.8% | 37.5% | 39.5% | 65.2% |
| Operating Income (EBIT) | ($33M) | ($28M) | $109M | $241M | $174M | $37M | $4M | $48M | $41M | $21M | $40M |
| Operating Margin % | -9.6% | -8.8% | 28.2% | 42.7% | 34.7% | 12.7% | 1.8% | 14.9% | 17.0% | 16.0% | 27.0% |
| Net Income | ($38M) | ($37M) | $71M | $174M | $74M | ($5M) | ($25M) | $12M | $5M | $1M | $27M |
| Net Margin % | -10.8% | -11.6% | 18.4% | 30.8% | 14.7% | -1.6% | -11.2% | 3.7% | 2.1% | 0.7% | 18.0% |
| EBITDA | $32M | $55M | $125M | $333M | $224M | $102M | $68M | $109M | $80M | $60M | $82M |
| Earnings Per Share (EPS) | $-0.38 | $-0.37 | $0.70 | $1.65 | $0.74 | $-0.05 | $-0.26 | $0.13 | $0.12 | $0.02 | $0.66 |
| Shares Outstanding (M) | 100M | 100M | 101M | 105M | 100M | 97M | 96M | 95M | 41M | 41M | 41M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $85M | $73M | $90M | $99M | $62M | $70M | $84M | $95M |
| Gross Profit | $16M | ($1M) | $0M | $10M | ($8M) | $11M | $37M | $45M |
| Gross Margin % | 18.5% | -0.7% | -0.4% | 10.5% | -12.6% | 15.2% | 44.2% | 47.5% |
| Operating Income (EBIT) | ($7M) | ($12M) | ($15M) | $1M | ($17M) | ($1M) | $21M | $28M |
| Operating Margin % | -8.8% | -16.1% | -16.7% | 0.9% | -27.7% | -1.2% | 24.9% | 29.4% |
| Net Income | ($9M) | ($13M) | ($15M) | ($1M) | ($15M) | ($6M) | $13M | $20M |
| Net Margin % | -10.6% | -17.8% | -16.6% | -0.8% | -24.2% | -9.2% | 14.9% | 21.0% |
| EBITDA | ($7M) | $9M | $7M | $23M | $5M | $20M | $40M | $48M |
| Earnings Per Share (EPS) | $-0.09 | $-0.13 | $-0.15 | $-0.01 | $-0.15 | $-0.07 | $0.12 | $0.20 |
| Shares Outstanding (M) | 100M | 100M | 100M | 100M | 99M | 99M | 100M | 101M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $170M | $74M | $152M | $157M | $306M | $105M | $47M | $60M | $26M | $41M | $45M |
| Capital Expenditures (CapEx) | $81M | $68M | $30M | $68M | $141M | $35M | $12M | $85M | $80M | $16M | $5M |
| Free Cash Flow (FCF) | $89M | $6M | $121M | $88M | $165M | $69M | $35M | ($24M) | ($53M) | $25M | $40M |
| FCF Margin % | 25.6% | 2.0% | 31.4% | 15.7% | 32.8% | 23.7% | 15.4% | -7.5% | -22.2% | 18.3% | 26.5% |
| Dividends Paid | — | — | — | — | $0M | — | — | $39M | $27M | $24M | $24M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $104M | $7M | $6M | $53M | $11M | $4M | $31M | $31M |
| Capital Expenditures (CapEx) | $5M | $33M | $27M | $16M | $8M | $17M | $0M | $8M |
| Free Cash Flow (FCF) | $99M | ($26M) | ($21M) | $37M | $3M | ($13M) | $30M | $24M |
| FCF Margin % | 115.3% | -35.4% | -23.3% | 37.3% | 5.5% | -19.0% | 36.1% | 24.8% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $654M | $530M | $726M | $694M | $772M | $513M | $534M | $601M | $565M | $242M | $424M |
| Cash & Cash Equivalents | $6M | $8M | $191M | $104M | $182M | $23M | $7M | $7M | $12M | $13M | $4M |
| Total Liabilities | $284M | $141M | $305M | $317M | $571M | $416M | $435M | $477M | $216M | $0M | $114M |
| Total Debt (Short + Long-Term) | $46M | $8M | $191M | $191M | $342M | $331M | $378M | $404M | $131M | $237M | $30M |
| Total Shareholders' Equity | $370M | $389M | $421M | $377M | $201M | $97M | $99M | $123M | $349M | $242M | $311M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive TH viewer.
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