Target Hospitality Corp. (TH)
NASDAQ: TH · Real-Time Price · USD
15.99
+0.20 (1.27%)
Aug 4, 2026, 4:00 PM EDT - Market closed

Target Hospitality Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
323.52320.64386.27563.61501.99291.34
Revenue Growth
-7.43%-16.99%-31.46%12.28%72.30%29.40%
Gross Profit
31.5842.66178.18313.32247.13101.35
Operating Income
-48-34.75108.78240.61174.3737.1
Net Income
-43.58-37.1271.27173.773.94-4.58
Earnings Per Share
-0.44-0.370.701.560.74-0.05
EPS Growth
---55.13%110.81%--

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Workforce Hospitality Solutions
115.2296.8----
Hospitality & Facilities Services – South
138.68141.69149.93148.68132.37116.96
ALL Other
11.111.3511.6911.219.3218.13
Government
58.5270.79224.65403.72360.29156.25
Total
323.52320.64386.27563.61501.99291.34

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
5.468.35190.67103.93181.6723.41
Total Debt
38.9910.7209.65200.03354.69331.64
Net Cash (Debt)
-33.53-2.35-18.98-96.1-173.02-308.23
Net Cash Growth
------
Net Cash Per Share
-0.34-0.02-0.19-0.91-1.73-3.19

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
77.1974.09151.68156.8305.81104.6
Capital Expenditures
-83.36-67.79-30.24-63.87-140.84-35.92
Free Cash Flow
-6.166.3121.4392.93164.9768.68
Free Cash Flow Growth
--94.81%30.67%-43.67%140.19%100.70%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
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%
Pretax Margin
-15.65%-13.47%24.03%39.88%21.18%-0.92%
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%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
--13.806.2420.46-
Forward PE
963.25263.0925.6614.639.0168.86
P/FCF Ratio
-126.857.8710.649.215.28
PS Ratio
4.952.492.471.763.031.25