Target Hospitality Corp. (TH) stock
THNasdaqHotels, Rooming Houses, Camps & Other Lodging PlacesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 5/3018% below fair value
$11.80+1.50 (+14.56%)
Close on Nov 11, 2026Market cap $1.18BP/E –Yield –
Target Hospitality gross margin
Gross margin is gross profit as a percentage of revenue.
Target Hospitality's gross margin for the twelve months ending Sep 30, 2026 was 15.7%. For fiscal 2025 it was 13.3%, against 46.1% the year before. The highest annual figure on record is 55.6% in fiscal 2023.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 13.3% | −32.8 |
| FY2024 | Dec 31, 2024 | 46.1% | −9.5 |
| FY2023 | Dec 31, 2023 | 55.6% | +6.4 |
| FY2022 | Dec 31, 2022 | 49.2% | +14.4 |
| FY2021 | Dec 31, 2021 | 34.8% | +9.4 |
| FY2020 | Dec 31, 2020 | 25.4% | −20.4 |
| FY2019 | Dec 31, 2019 | 45.8% | +8.3 |
| FY2018 | Dec 31, 2018 | 37.5% | −2.0 |
| FY2017 | Dec 31, 2017 | 39.5% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 22.9% | +4.8 |
| Q2 FY2026 | Jun 30, 2026 | 18.5% | +19.0 |
| Q1 FY2026 | Mar 31, 2026 | 9.5% | −16.2 |
| Q4 FY2025 | Dec 31, 2025 | 7.9% | −36.4 |
| Q3 FY2025 | Sep 30, 2025 | 18.1% | −29.4 |
| Q2 FY2025 | Jun 30, 2025 | -0.5% | −47.1 |
| Q1 FY2025 | Mar 31, 2025 | 25.7% | −20.3 |
| Q4 FY2024 | Dec 31, 2024 | 44.2% | −5.1 |
| Q3 FY2024 | Sep 30, 2024 | 47.5% | −12.0 |
| Q2 FY2024 | Jun 30, 2024 | 46.5% | −10.8 |
| Q1 FY2024 | Mar 31, 2024 | 46.0% | −9.4 |
| Q4 FY2023 | Dec 31, 2023 | 49.3% | −5.7 |
| Q3 FY2023 | Sep 30, 2023 | 59.4% | +7.6 |
| Q2 FY2023 | Jun 30, 2023 | 57.3% | +9.4 |
| Q1 FY2023 | Mar 31, 2023 | 55.4% | +20.7 |
| Q4 FY2022 | Dec 31, 2022 | 55.0% | +19.3 |
| Q3 FY2022 | Sep 30, 2022 | 51.9% | +14.2 |
| Q2 FY2022 | Jun 30, 2022 | 47.9% | +11.8 |
| Q1 FY2022 | Mar 31, 2022 | 34.7% | +9.6 |
| Q4 FY2021 | Dec 31, 2021 | 35.8% | +16.2 |
| Q3 FY2021 | Sep 30, 2021 | 37.7% | +13.4 |
| Q2 FY2021 | Jun 30, 2021 | 36.1% | +20.8 |
| Q1 FY2021 | Mar 31, 2021 | 25.2% | −12.7 |
| Q4 FY2020 | Dec 31, 2020 | 19.6% | −21.9 |
| Q3 FY2020 | Sep 30, 2020 | 24.3% | −22.9 |
| Q2 FY2020 | Jun 30, 2020 | 15.3% | −32.9 |
| Q1 FY2020 | Mar 31, 2020 | 37.9% | −8.2 |
| Q4 FY2019 | Dec 31, 2019 | 41.4% | +14.3 |
| Q3 FY2019 | Sep 30, 2019 | 47.2% | +3.5 |
| Q2 FY2019 | Jun 30, 2019 | 48.1% | +0.3 |
| Q1 FY2019 | Mar 31, 2019 | 46.1% | +4.4 |
| Q4 FY2018 | Dec 31, 2018 | 27.1% | – |
| Q3 FY2018 | Sep 30, 2018 | 43.7% | – |
| Q2 FY2018 | Jun 30, 2018 | 47.8% | – |
| Q1 FY2018 | Mar 31, 2018 | 41.7% | – |
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