THNasdaqHotels, Rooming Houses, Camps & Other Lodging PlacesFiscal year ends December 31

Target Hospitality Corp.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026

$15.32−0.14 (-0.91%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2016 to 2025

13.3%−12.1 pts over 5 years

-10.8%−12.7 pts over 5 years

-11.6%−0.4 pts over 5 years

Per year	1 year	3 years	5 years	10 years	Five-year pace
Revenue	-17.0%	-13.9%	+7.3%	–
Gross profit	-76.1%	-44.3%	-5.7%	–

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	–	-22.9%	-9.2%
Return on assets	–	-4.7%	-5.9%
Current ratio	–	0.96	0.87
Debt to equity	–	3.83	0.01
Net debt to EBITDA	–	5.33×	-0.12×
Interest coverage	–	–	–
Inventory turnover	–	168.0×	139.0×
Diluted shares	–	96M	100M

Return on equity split into margin, efficiency and leverage

Net margin-11.6%

Asset turnover0.51×

Equity multiplier1.55×

Return on equity, FY2025-9.2%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	-11.6%	0.51×	1.55×	-9.2%
FY2024	18.4%	0.54×	1.78×	17.9%
FY2023	30.8%	0.77×	2.54×	60.1%
FY2022	14.7%	0.78×	4.31×	49.6%
FY2021	-1.6%	0.56×	5.34×	-4.7%
FY2020	-11.2%	0.42×	4.87×	-22.9%
FY2019	3.7%	0.58×	2.34×	5.1%
FY2018	2.1%	0.85×	1.51×	2.7%

Parsed from the XBRL in Target Hospitality's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is TH.

Revenue growth11.9% · median 5.4%

Gross margin13.7% · median 24.6%

Operating margin-11.1% · median 2.3%

Net margin-10.8% · median -1.9%

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