Target Hospitality Corp. (TH)

Target Hospitality Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	349.5	386.27	563.61	501.99	291.34	225.15
Revenue Growth (YoY)	-33.11%	-31.46%	12.28%	72.30%	29.40%	-29.88%
Cost of Revenue	146.37	150.93	181.66	202.02	136.38	118.03
Gross Profit	203.13	235.34	381.95	299.96	154.96	107.12
Selling, General & Admin	49.31	49.36	51.25	57.61	45.26	37.15
Other Operating Expenses	0.12	-0.18	1.1	0.14	0.5	-0.52
Operating Expenses	121.22	121.99	136.33	125.41	116.28	102.25
Operating Income	81.91	113.36	245.62	174.55	38.68	4.88
Interest Expense	-23.75	-23.32	-26.78	-37.87	-38.7	-40.03
Interest & Investment Income	7.39	6.7	4.14	1.55	-	-
Other Non Operating Income (Expenses)	-	0.68	9.06	-31.74	-1.07	2.35
EBT Excluding Unusual Items	65.55	97.41	232.04	106.49	-1.09	-32.81
Merger & Restructuring Charges	-4.9	-4.9	-4.88	-0.28	-1.2	-0.98
Gain (Loss) on Sale of Assets	0.25	0.32	-0.14	0.1	-0.38	0.21
Other Unusual Items	-2.37	-	-2.28	-	-	-
Pretax Income	58.54	92.84	224.75	106.31	-2.67	-33.59
Income Tax Expense	13.97	21.43	51.05	32.37	1.9	-8.46
Earnings From Continuing Operations	44.57	71.41	173.7	73.94	-4.58	-25.13
Minority Interest in Earnings	-0.14	-0.14	-	-	-	-
Net Income	44.42	71.27	173.7	73.94	-4.58	-25.13
Net Income to Common	44.42	71.27	173.7	73.94	-4.58	-25.13
Net Income Growth	-70.44%	-58.97%	134.92%	-	-	-
Shares Outstanding (Basic)	100	100	101	97	97	96
Shares Outstanding (Diluted)	101	101	105	100	97	96
Shares Change (YoY)	-3.57%	-3.69%	5.26%	3.57%	0.62%	1.60%
EPS (Basic)	0.45	0.71	1.71	0.76	-0.05	-0.26
EPS (Diluted)	0.43	0.70	1.56	0.74	-0.05	-0.26
EPS Growth	-68.82%	-55.22%	111.25%	-	-	-
Free Cash Flow	66.53	121.43	92.93	164.77	68.68	34.22
Free Cash Flow Per Share	0.66	1.20	0.88	1.65	0.71	0.36
Gross Margin	58.12%	60.93%	67.77%	59.76%	53.19%	47.58%
Operating Margin	23.44%	29.35%	43.58%	34.77%	13.28%	2.17%
Profit Margin	12.71%	18.45%	30.82%	14.73%	-1.57%	-11.16%
Free Cash Flow Margin	19.04%	31.44%	16.49%	32.82%	23.57%	15.20%
EBITDA	153.82	186.3	329.77	242.38	109	70.1
EBITDA Margin	44.01%	48.23%	58.51%	48.28%	37.41%	31.14%
D&A For EBITDA	71.91	72.95	84.15	67.83	70.32	65.23
EBIT	81.91	113.36	245.62	174.55	38.68	4.88
EBIT Margin	23.44%	29.35%	43.58%	34.77%	13.28%	2.17%
Effective Tax Rate	23.87%	23.08%	22.71%	30.45%	-	-
Revenue as Reported	349.5	386.27	563.61	501.99	291.34	225.15

Updated May 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q