Target Hospitality Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	323.52	320.64	386.27	563.61	501.99	291.34
Revenue Growth (YoY)	-7.43%	-16.99%	-31.46%	12.28%	72.30%	29.40%
Cost of Revenue	291.94	277.98	208.09	250.28	254.86	189.99
Gross Profit	31.58	42.66	178.18	313.32	247.13	101.35
Selling, General & Admin	58.26	58.51	54.26	56.13	57.89	46.46
Depreciation & Amortization Expenses	16.25	16.2	15.64	15.35	14.83	16.91
Other Operating Expenses	5.06	2.69	-0.5	1.24	0.04	0.88
Total Operating Expenses	79.57	77.41	69.4	72.72	72.76	64.25
Operating Income	-48	-34.75	108.78	240.61	174.37	37.1
Interest Expense	-2.65	-6.09	-16.62	-22.64	-36.32	-38.7
Other Non-Operating Income (Expense)	-	-2.37	-0.68	-11.34	31.74	1.07
Total Non-Operating Income (Expense)	-2.65	-8.46	-17.29	-33.98	-4.59	-37.64
Pretax Income	-50.64	-43.2	92.84	224.75	106.31	-2.67
Provision for Income Taxes	-7.06	-6.13	21.43	51.05	32.37	1.9
Net Income	-43.58	-37.12	71.27	173.7	73.94	-4.58
Minority Interest in Earnings	-0	0.04	0.14	-	-	-
Net Income to Common	-43.58	-37.12	71.27	173.7	73.94	-4.58
Net Income Growth	-	-	-58.97%	134.92%	-	-
Shares Outstanding (Basic)	100	100	100	101	97	97
Shares Outstanding (Diluted)	100	100	101	105	100	97
Shares Change (YoY)	-0.73%	-1.89%	-3.69%	5.26%	3.57%	0.62%
EPS (Basic)	-0.44	-0.37	0.71	1.71	0.76	-0.05
EPS (Diluted)	-0.44	-0.37	0.70	1.56	0.74	-0.05
EPS Growth	-	-	-55.13%	110.81%	-	-
Shares Outstanding	100.15	99.8	98.95	101.66	100.32	101.95
Free Cash Flow	-6.16	6.3	121.43	92.93	164.97	68.68
Free Cash Flow Growth	-	-94.81%	30.67%	-43.67%	140.19%	100.70%
Free Cash Flow Per Share	-0.06	0.06	1.20	0.88	1.65	0.71
Gross Margin	9.76%	13.30%	46.13%	55.59%	49.23%	34.79%
Operating Margin	-14.84%	-10.84%	28.16%	42.69%	34.74%	12.73%
Profit Margin	-13.47%	-11.56%	18.49%	30.82%	14.73%	-1.57%
FCF Margin	-1.90%	1.97%	31.44%	16.49%	32.86%	23.58%
EBITDA	27.34	38.64	181.59	324.58	242.03	107.62
EBITDA Margin	8.45%	12.05%	47.01%	57.59%	48.22%	36.94%
EBIT	-48	-34.75	108.78	240.61	174.37	37.1
EBIT Margin	-14.84%	-10.84%	28.16%	42.69%	34.74%	12.73%
Effective Tax Rate	13.95%	14.18%	23.08%	22.71%	30.45%	-71.26%

SEC Filings: 10-K · 10-Q