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 operating margin
Operating margin is operating income as a percentage of revenue.
Target Hospitality's operating margin for the twelve months ending Sep 30, 2026 was -9.5%. For fiscal 2025 it was -10.8%, against 28.2% the year before. The highest annual figure on record is 42.7% in fiscal 2023.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -10.8% | −39.0 |
| FY2024 | Dec 31, 2024 | 28.2% | −14.5 |
| FY2023 | Dec 31, 2023 | 42.7% | +8.0 |
| FY2022 | Dec 31, 2022 | 34.7% | +22.0 |
| FY2021 | Dec 31, 2021 | 12.7% | +10.9 |
| FY2020 | Dec 31, 2020 | 1.8% | −13.1 |
| FY2019 | Dec 31, 2019 | 14.9% | −2.1 |
| FY2018 | Dec 31, 2018 | 17.0% | +1.0 |
| FY2017 | Dec 31, 2017 | 16.0% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 2.3% | +2.2 |
| Q2 FY2026 | Jun 30, 2026 | -8.8% | +18.7 |
| Q1 FY2026 | Mar 31, 2026 | -19.7% | −18.1 |
| Q4 FY2025 | Dec 31, 2025 | -18.7% | −43.6 |
| Q3 FY2025 | Sep 30, 2025 | 0.1% | −29.3 |
| Q2 FY2025 | Jun 30, 2025 | -27.5% | −56.8 |
| Q1 FY2025 | Mar 31, 2025 | -1.5% | −30.1 |
| Q4 FY2024 | Dec 31, 2024 | 24.9% | −11.7 |
| Q3 FY2024 | Sep 30, 2024 | 29.4% | −17.0 |
| Q2 FY2024 | Jun 30, 2024 | 29.3% | −15.7 |
| Q1 FY2024 | Mar 31, 2024 | 28.5% | −13.4 |
| Q4 FY2023 | Dec 31, 2023 | 36.6% | −5.5 |
| Q3 FY2023 | Sep 30, 2023 | 46.4% | +8.8 |
| Q2 FY2023 | Jun 30, 2023 | 45.1% | +10.6 |
| Q1 FY2023 | Mar 31, 2023 | 41.9% | +26.5 |
| Q4 FY2022 | Dec 31, 2022 | 42.1% | +25.4 |
| Q3 FY2022 | Sep 30, 2022 | 37.6% | +18.9 |
| Q2 FY2022 | Jun 30, 2022 | 34.5% | +20.0 |
| Q1 FY2022 | Mar 31, 2022 | 15.4% | +24.5 |
| Q4 FY2021 | Dec 31, 2021 | 16.7% | +21.7 |
| Q3 FY2021 | Sep 30, 2021 | 18.7% | +20.7 |
| Q2 FY2021 | Jun 30, 2021 | 14.5% | +26.5 |
| Q1 FY2021 | Mar 31, 2021 | -9.0% | −28.7 |
| Q4 FY2020 | Dec 31, 2020 | -5.0% | −20.0 |
| Q3 FY2020 | Sep 30, 2020 | -2.0% | −30.2 |
| Q2 FY2020 | Jun 30, 2020 | -12.0% | −42.2 |
| Q1 FY2020 | Mar 31, 2020 | 19.6% | +33.1 |
| Q4 FY2019 | Dec 31, 2019 | 15.1% | −8.1 |
| Q3 FY2019 | Sep 30, 2019 | 28.2% | +15.1 |
| Q2 FY2019 | Jun 30, 2019 | 30.2% | +4.0 |
| Q1 FY2019 | Mar 31, 2019 | -13.5% | −10.5 |
| Q4 FY2018 | Dec 31, 2018 | 23.1% | – |
| Q3 FY2018 | Sep 30, 2018 | 13.2% | – |
| Q2 FY2018 | Jun 30, 2018 | 26.2% | – |
| Q1 FY2018 | Mar 31, 2018 | -3.0% | – |
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