TARGET HOSPITALITY CORP. financials
Source: EDGAR filings · Built 2026-06-02T04:10:20Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EBITDA | 38.64M | 181.59M | 324.58M | 242.03M | 107.62M | 69.72M |
| Working Capital | -10.71M | 15.93M | 110.17M | 45.48M | -12.26M | -1.97M |
| Net Debt | 2.35M | 18.98M | 96.90M | 173.02M | 319.44M | 385.76M |
| Gross Margin | 15.52% | 67.01% | 85.69% | 74.06% | 47.27% | 33.19% |
| Operating Margin | -12.64% | 40.91% | 65.81% | 52.25% | 17.30% | 2.38% |
| Net Margin | -13.51% | 26.80% | 47.51% | 22.16% | -2.13% | -14.59% |
| Return on Equity (ROE) | -9.54% | 16.92% | 46.04% | 36.81% | -4.70% | -25.41% |
| Return on Assets (ROA) | -7.00% | 9.82% | 25.02% | 9.58% | -0.89% | -4.70% |
| Current Ratio | 0.87× | 1.07× | 2.57× | 1.24× | 0.83× | 0.96× |
| Debt-to-Equity | 0.03× | 0.50× | 0.53× | 1.77× | 3.52× | 3.97× |
| Effective Tax Rate | 14.18% | 23.08% | 22.71% | 30.45% | -71.26% | 25.17% |
| Cash Conversion Ratio | -2.00× | 2.13× | 0.90× | 4.13× | -22.86× | -1.86× |
| Accruals Ratio | -0.21× | -0.11× | 0.02× | -0.30× | -0.21× | -0.13× |
| SBC % of Revenue | 2.75% | 2.75% | 3.06% | 5.77% | 2.37% | 2.09% |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | 13.81× | 6.24× | 20.46× | — | — |
| EV / EBITDA | 20.75× | 5.37× | 3.35× | 6.99× | 6.34× | 7.83× |
| P/S | 2.91× | 3.60× | 2.71× | 4.55× | 1.69× | 0.93× |
| P/B | 2.05× | 2.27× | 2.62× | 7.56× | 3.73× | 1.62× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 274.83M | 265.91M | 365.63M | 333.70M | 214.43M | 172.20M |
| Revenues | 320.63M | 386.27M | 563.61M | 501.99M | 291.34M | 225.15M |
| Gross Profit | 42.66M | 178.18M | 313.32M | 247.13M | 101.35M | 57.16M |
| Selling, General and Administrative Expense | 58.51M | 54.26M | 56.13M | 57.89M | 46.46M | 38.13M |
| Operating Income (Loss) | -34.75M | 108.78M | 240.61M | 174.37M | 37.10M | 4.10M |
| Income Tax Expense (Benefit) | -6.13M | 21.43M | 51.05M | 32.37M | 1.90M | -8.46M |
| Net Income (Loss) Attributable to Parent | -37.12M | 71.27M | 173.70M | 73.94M | -4.58M | -25.13M |
| Earnings Per Share, Basic | $-0.37 | $0.71 | $1.71 | $0.76 | $-0.05 | $-0.26 |
| Weighted Average Number of Shares Outstanding, Basic | 99.52M | 100.14M | 101.35M | 97.21M | 96.61M | 96.02M |
| Earnings Per Share, Diluted | $-0.37 | $0.70 | $1.56 | $0.74 | $-0.05 | $-0.26 |
| Weighted Average Number of Shares Outstanding, Diluted | 99.52M | 101.43M | 105.32M | 100.06M | 96.61M | 96.02M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 8.35M | 190.67M | 103.93M | 181.67M | 23.41M | 6.98M |
| Assets, Current | 73.34M | 249.34M | 180.50M | 236.38M | 60.54M | 43.56M |
| Assets | 530.21M | 725.77M | 694.35M | 771.73M | 513.39M | 534.24M |
| Long-term Debt | — | — | — | — | 341.43M | 391.84M |
| Liabilities, Current | 84.04M | 233.40M | 70.33M | 190.90M | 72.80M | 45.53M |
| Long-term Debt, Excluding Current Maturities | — | — | 178.09M | — | — | — |
| Liabilities | 141.15M | 304.68M | 317.05M | 570.88M | 416.12M | 435.35M |
| Stockholders' Equity Attributable to Parent | 389.26M | 421.08M | 377.31M | 200.85M | 97.27M | 98.89M |
| Common Stock, Shares, Outstanding | 99.80M | 98.95M | 101.66M | 100.32M | 101.95M | 101.17M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 74.09M | 151.68M | 156.80M | 305.61M | 104.60M | 46.78M |
| Net Cash Provided by (Used in) Investing Activities | -67.79M | -28.84M | -68.18M | -140.23M | -35.91M | -10.95M |
| Payments for Repurchase of Common Stock | — | 33.50M | — | — | — | 5.32M |
| Net Cash Provided by (Used in) Financing Activities | -188.64M | -36.06M | -166.37M | -7.10M | -52.27M | -35.68M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | -11.56M | — |
| EBITDA | 5.27M | 2.79M | 18.53M | 748.00K | 16.57M | 38.27M |
| Working Capital | -10.62M | -10.71M | -2.98M | 26.43M | 49.08M | 15.93M |
| Net Debt | 33.53M | 2.35M | -17.10M | 18.60M | 20.29M | 18.98M |
| Gross Margin | 12.25% | 9.63% | 19.60% | -0.60% | 32.72% | 61.49% |
| Operating Margin | -25.48% | -22.90% | 0.08% | -30.82% | -1.96% | 34.54% |
| Net Margin | -22.99% | -20.33% | -0.87% | -27.20% | -11.77% | 20.76% |
| Return on Equity (ROE) | -3.43% | -3.84% | -0.20% | -3.72% | -1.56% | 2.97% |
| Return on Assets (ROA) | -2.39% | -2.82% | -0.15% | -2.80% | -1.15% | 1.72% |
| Current Ratio | 0.85× | 0.87× | 0.96× | 1.47× | 1.97× | 1.07× |
| Debt-to-Equity | 0.10× | 0.03× | 0.03× | 0.09× | 0.13× | 0.50× |
| Effective Tax Rate | 14.81% | 13.05% | -94.60% | 16.45% | 16.93% | 25.58% |
| Cash Conversion Ratio | -0.54× | -0.38× | -85.98× | -1.00× | -0.61× | 2.44× |
| Accruals Ratio | -0.04× | -0.04× | -0.13× | -0.06× | -0.02× | -0.02× |
| SBC % of Revenue | 2.95% | 2.48% | 6.26% | 6.93% | 3.13% | 2.69% |
| CapEx Coverage | — | — | — | — | 0.25× | — |
| Free Cash Flow Per Share | — | — | — | — | $-0.12 | — |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | 71.20× | 15.30× | 13.81× |
| EV / EBITDA | 35.22× | 20.75× | 11.18× | 7.18× | 4.52× | 5.37× |
| P/S | 3.37× | 2.91× | 3.23× | 3.01× | 2.63× | 3.60× |
| P/B | 2.47× | 2.05× | 2.10× | 1.77× | 1.57× | 2.27× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 56.20M | 73.47M | 91.57M | 54.89M | 54.90M | 60.23M |
| Revenues | 72.78M | 89.78M | 99.36M | 61.61M | 69.90M | 83.69M |
| Gross Profit | 6.88M | 7.08M | 17.95M | -328.00K | 17.96M | 37.03M |
| Selling, General and Administrative Expense | 14.56M | 18.12M | 12.92M | 12.66M | 14.80M | 12.63M |
| Operating Income (Loss) | -14.32M | -16.82M | 69.00K | -16.92M | -1.08M | 20.80M |
| Income Tax Expense (Benefit) | -2.25M | -2.24M | 368.00K | -2.94M | -1.32M | 4.31M |
| Net Income (Loss) Attributable to Parent | -12.92M | -14.93M | -795.00K | -14.93M | -6.46M | 12.50M |
| Earnings Per Share, Basic | $-0.13 | $-0.15 | $-0.01 | $-0.15 | $-0.07 | $0.13 |
| Weighted Average Number of Shares Outstanding, Basic | 99.93M | 99.52M | 99.78M | 99.40M | 99.11M | 100.14M |
| Earnings Per Share, Diluted | $-0.13 | $-0.15 | $-0.01 | $-0.15 | $-0.07 | $0.12 |
| Weighted Average Number of Shares Outstanding, Diluted | 99.93M | 99.52M | 99.78M | 99.40M | 99.11M | 101.43M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 5.46M | 8.35M | 30.39M | 19.24M | 34.47M | 190.67M |
| Assets, Current | 58.61M | 73.34M | 79.44M | 83.05M | 99.59M | 249.34M |
| Assets | 539.54M | 530.21M | 541.15M | 533.71M | 562.52M | 725.77M |
| Liabilities, Current | 69.23M | 84.04M | 82.42M | 56.62M | 50.51M | 233.40M |
| Liabilities | 162.92M | 141.15M | 138.91M | 132.53M | 147.25M | 304.68M |
| Stockholders' Equity Attributable to Parent | 376.92M | 389.26M | 402.38M | 401.28M | 415.31M | 421.08M |
| Common Stock, Shares, Outstanding | 100.15M | 99.80M | 99.78M | 99.78M | 99.36M | 98.95M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 7.04M | 5.74M | 68.36M | 15.00M | 3.94M | 30.55M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | 15.50M | — |
| Net Cash Provided by (Used in) Investing Activities | -39.35M | -26.62M | -41.17M | -24.91M | -17.20M | -5.42M |
| Payments for Repurchase of Common Stock | — | — | — | — | — | 11.60M |
| Net Cash Provided by (Used in) Financing Activities | 29.43M | -1.16M | -187.49M | -161.54M | -142.94M | -12.19M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (TH CIK 0001712189),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.