Saturday 17 October 2026
Export TH’s income statement to Excel — free account
Target Hospitality Corp.
TH Industrials Specialty Business Services
Target Hospitality Corp.’s revenue for fiscal 2025 (year ended December 2025) was $320.6 million, down 17.0% from fiscal 2024. In the quarter to June 2026, revenue grew 38.7%, EPS grew 40.0%, free cash flow grew 486.2% and total debt rose 59.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
15.46
0.56
−3.50%
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| Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | — | 5 | 3 | 6 | 8 | 6 | 5 | 3 |
P/E ratio |
0.00 | 84.00 | 166.67 | 0.00 | 0.00 | 19.41 | 5.71 | 13.62 | 0.00 |
Altman Z-Score |
— | 1.92 | 1.49 | 0.70 | 1.31 | 3.17 | 4.54 | 3.60 | 4.53 |
P/S ratio |
0.00 | 1.73 | 1.47 | 0.67 | 1.18 | 2.88 | 1.77 | 2.51 | 2.49 |
Altman Z″-Score (non-manufacturers) |
— | 2.48 | 1.03 | 0.38 | 0.66 | 2.64 | 5.85 | 4.10 | 4.14 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 4.31 | 5.01 | 8.73 | 11.23 | 7.88 | 126.49 |
P/Operating CF |
0.00 | 40.48 | 28.78 | 8.34 | 66.76 | 30.21 | 25.99 | 31.69 | 139.00 |
Beneish M-Score |
— | — | (4.39) | (3.04) | (3.59) | (3.51) | (1.74) | (3.18) | (1.73) |
P/B ratio |
0.80 | 1.19 | 3.92 | 1.53 | 3.54 | 7.19 | 2.64 | 2.30 | 2.05 |
Price to Tangible BV |
0.80 | 2.22 | 0.00 | 0.00 | 0.00 | 17.06 | 3.69 | 2.96 | 2.58 |
EV/Sales |
0.00 | 1.76 | 2.71 | 2.32 | 2.24 | 3.20 | 2.27 | 2.48 | 3.03 |
EV/EBITDA |
0.00 | 5.26 | 7.88 | 7.05 | 5.79 | 6.49 | 3.90 | 5.20 | 24.38 |
EV/Operating CF |
0.00 | 16.20 | 14.40 | 11.18 | 6.23 | 5.25 | 8.15 | 6.33 | 13.10 |
EV/FCF |
0.00 | (7.94) | (37.49) | 14.85 | 9.50 | 9.71 | 14.43 | 7.81 | 154.05 |
Quick Ratio |
0.00 | 1.06 | 0.92 | 0.80 | 0.72 | 1.17 | 2.43 | 1.03 | 0.77 |
Current Ratio |
0.00 | 1.15 | 1.00 | 0.96 | 0.83 | 1.24 | 2.57 | 1.07 | 0.87 |
Net Debt/EBITDA |
0.00 | 0.13 | 3.61 | 5.00 | 2.74 | 0.65 | 0.23 | (0.05) | (0.17) |
Debt/Assets |
0.00% | 4.07% | 67.45% | 70.82% | 64.60% | 44.52% | 25.80% | 25.05% | 0.32% |
Debt/Equity |
0.00 | 0.07 | 3.36 | 3.83 | 3.41 | 1.71 | 0.47 | 0.43 | 0.00 |
Asset Turnover |
0.46 | 0.85 | 0.55 | 0.40 | 0.56 | 0.78 | 0.77 | 0.54 | 0.51 |
Operating CF/Net income |
41.56 | 5.29 | 5.05 | (1.86) | (22.86) | 4.13 | 0.90 | 2.13 | (2.00) |
Capex/Depreciation |
(0.49) | (2.01) | (1.34) | (0.16) | (0.48) | (1.92) | (0.78) | (0.38) | (0.91) |
Interest Coverage |
(4.20) | 1.69 | 1.44 | 0.10 | 0.96 | 4.80 | 10.63 | 6.55 | (5.71) |
| 0.56% | 2.84% | 5.10% | (22.91%) | (4.67%) | 49.60% | 60.09% | 17.85% | (9.16%) | |
| 0.33% | 1.75% | 2.05% | (4.43%) | (0.87%) | 11.51% | 23.70% | 10.04% | (5.91%) | |
ROIC |
82,785.49% | 7.11% | 5.78% | 0.55% | 5.72% | 30.04% | 33.23% | 16.49% | (5.68%) |
Return on Tangible Assets |
(434.26%) | 17.26% | 104.88% | (277.75%) | 453.97% | 95.55% | 119.96% | 140.10% | (148.19%) |
Average Days of Receivables |
0.00 | 86.63 | 56.11 | 47.64 | 36.06 | 30.65 | 43.45 | 46.62 | 63.98 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
18.13% | 17.18% | 23.87% | 16.93% | 15.95% | 11.53% | 9.96% | 14.05% | 18.25% |
Intangible Assets out of Total Assets |
0.00 | 0.29 | 0.26 | 0.27 | 0.25 | 0.15 | 0.15 | 0.13 | 0.15 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.54% | 1.60% | 1.75% | 3.83% | 1.98% | 1.89% | 2.36% |
Graham Net Nets |
(0.04) | (0.34) | (0.89) | (2.58) | (1.03) | (0.23) | (0.14) | (0.06) | (0.09) |
Graham Number |
0.00 | 4.78 | 0.93 | 0.00 | 0.00 | 5.96 | 12.00 | 8.20 | 0.00 |
Earnings Yield |
0.00% | 1.19% | 0.60% | (17.28%) | (1.40%) | 5.15% | 17.52% | 7.34% | (4.71%) |
Free Cash Flow Yield |
0.00% | (12.85%) | (4.92%) | 23.21% | 19.97% | 11.46% | 8.90% | 12.69% | 0.79% |
Revenue per Share |
5.23 | 5.83 | 3.40 | 2.34 | 3.02 | 5.16 | 5.56 | 3.86 | 3.22 |
Operating CF per Share |
1.59 | 0.63 | 0.64 | 0.49 | 1.08 | 3.14 | 1.55 | 1.51 | 0.74 |
Capex per Share |
(0.57) | (1.93) | (0.89) | (0.12) | (0.37) | (1.44) | (0.67) | (0.29) | (0.68) |
Free Cash Flow per Share |
1.02 | (1.30) | (0.25) | 0.37 | 0.71 | 1.70 | 0.87 | 1.23 | 0.06 |
Cash per Share |
0.00 | 0.30 | 0.07 | 0.07 | 0.24 | 1.87 | 1.03 | 1.90 | 0.08 |
Shareholders Equity per Share |
0.00 | 8.45 | 1.28 | 1.03 | 1.01 | 2.07 | 3.72 | 4.21 | 3.91 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
0.00 | 8.45 | 1.28 | 1.03 | 1.01 | 2.07 | 3.72 | 4.21 | 3.91 |
Free Cash Flow |
26.12 | (53.48) | (23.23) | 35.21 | 68.68 | 165.38 | 88.62 | 122.83 | 6.30 |
Working Capital |
(0.23) | 9.84 | (0.13) | (1.97) | (12.26) | 45.48 | 110.17 | 15.93 | (10.70) |
Capital Expenditures |
(14.65) | (79.68) | (83.73) | (11.57) | (35.91) | (140.23) | (68.18) | (28.84) | (67.79) |
Net Current Asset Value |
(0.23) | (141.05) | (419.47) | (391.79) | (355.58) | (334.50) | (136.55) | (55.35) | (67.81) |
EV/EBIT |
0.00 | 10.38 | 18.16 | 127.55 | 17.58 | 9.21 | 5.31 | 8.82 | 0.00 |
Capex to Sales |
0.11 | 0.33 | 0.26 | 0.05 | 0.12 | 0.28 | 0.12 | 0.07 | 0.21 |
Price to Operating Income |
0.00 | 10.17 | 9.85 | 36.99 | 9.27 | 8.28 | 4.14 | 8.90 | 0.00 |
| Other line items | |||||||||
Depreciation/Fixed assets |
0.00 | 2.10 | 5.42 | 6.36 | 6.71 | 2.29 | 2.53 | 2.17 | 2.09 |
Cash ROIC |
161,246.91% | (13.92%) | (4.36%) | 7.27% | 15.19% | 22.78% | 13.42% | 15.48% | 1.58% |
Accounts Receivable Turnover |
0.00 | 4.45 | 6.03 | 5.72 | 10.02 | 14.15 | 10.32 | 6.64 | 6.08 |
Accounts Payable Turnover |
7.44 | 13.78 | 11.85 | 18.22 | 16.93 | 17.36 | 13.01 | 11.21 | 9.18 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
1.02 | 52.42 | 16.34 | 23.13 | 22.68 | 25.15 | 30.52 | 28.39 | 58.29 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
— | 54.09 | 53.23 | 39.37 | 29.08 | 35.47 | 54.62 | 58.22 | 52.77 |
Average Payables |
10.91 | 10.91 | 14.70 | 9.22 | 11.22 | 14.68 | 19.24 | 18.56 | 30.29 |
Average Assets |
295.00 | 282.64 | 582.91 | 567.51 | 523.81 | 642.56 | 733.04 | 710.06 | 627.99 |
Average Common Equity |
174.50 | 174.50 | 234.76 | 109.71 | 98.08 | 149.06 | 289.08 | 399.20 | 405.08 |
Columns are period end dates