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