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Target Hospitality Corp.

$10.40 ▼ -0.88 (-7.84%) at close

10 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Target Hospitality Corp. faces fundamental challenges with weakness in Profit Margin (%) and Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $1.0B

Dividend Yield —

Revenue Growth -17.0% ↗

Op. Margin -10.8% ↘

ROIC -7.7% ↘

FCF / Share $0.74 ↘

Trailing P/E —

Price / Book 2.7x

FCF Yield 7.2%

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

10-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$320.63M

↓ -17.0% —

Net Income Profit after all expenses

$-37.12M

↓ -152.1% —

Operating Margin Operating profit as % of sales

-10.8%

↓ -138.5% 14th

FCF / Share Free cash flow per share

$0.74

↓ -50.8% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns ↓

Financial Health

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Revenue Growth YoY (%)	-17.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-343%)	-31.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-549%)	12.3% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+75%)	72.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+933%)	29.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+320%)	-29.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-527%)	33.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+378%)	79.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1032%)	—	—
EPS Growth YoY (%)	N/M	-58.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	125.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	80.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—
Net Income Growth YoY (%)	N/M	-59.0% Weak ↓ Weak Declining Year-over-year change in net income	134.9% Excellent Excellent Year-over-year change in net income	N/M	81.8% Excellent ↓ Excellent Declining Year-over-year change in net income	N/M	25.8% Excellent Excellent Year-over-year change in net income	405.2% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	-50.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	-2.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	-50.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	190.4% Excellent Excellent Year-over-year change in free cash flow	122.2% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—
Revenue CAGR 3Y (%)	-13.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	9.9% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	35.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	16.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	6.6% Fair Fair Compound annual revenue growth over 3 years	18.8% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	7.3% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	3.8% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	18.6% Excellent Excellent Compound annual revenue growth over 5 years	30.2% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Operating Margin (%) (%)	-10.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-190%)	28.2% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+135%)	42.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+256%)	34.7% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+189%)	12.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	1.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	15.0% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+25%)	17.0% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+42%)	16.0% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+33%)	—
Effective Tax Rate (%) (%)	14.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	23.1% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.7% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	30.4% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-71.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.2% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	55.0% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	70.3% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	96.3% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	-11.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-245%)	18.4% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+131%)	30.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+285%)	14.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+84%)	-1.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-120%)	-11.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-240%)	1.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	2.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	0.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-91%)	—
FCF Margin (%) (%)	23.1% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	39.3% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	27.8% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	60.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	35.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	20.8% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	18.8% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	10.9% Fair Fair Free cash flow as a percentage of revenue Optimal: > 10%	30.4% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	-2.00x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.13x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.90x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	4.13x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-22.86x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.86x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	9.70x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	5.29x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	41.56x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Return on Invested Capital (%)	-7.7% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	19.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	49.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	60.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	65.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	3.1% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	4.0% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	3.5% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	3.2% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-6.6% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	15.0% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	34.7% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	22.6% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	7.2% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	8.0% Fair Fair Operating profit relative to total assets Optimal: > 10%	7.2% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-9.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-148%)	16.9% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	46.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+130%)	36.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+84%)	-4.7% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-124%)	-25.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-227%)	5.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-75%)	1.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-93%)	3.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-80%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	3.42x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+327%)	—	—	—
Interest Coverage (x)	-2.68x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	6.05x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	8.22x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.34x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	1.10x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.12x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.68x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	17.05x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	7.99x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-8.35M	$-190.67M	$-103.93M	$-181.67M	$-23.41M	$-6.98M	$415.20M	$-12.19M	$-12.53M	—
Debt / EBITDA (x)	—	—	—	—	—	—	4.55x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Revenue per Share (USD)	$3.22	$3.86	$5.56	$5.16	$3.02	$2.34	—	—	—	—
Basic EPS, GAAP (USD)	$-0.37	$0.71	$1.71	$0.76	$-0.05	$-0.26	—	—	—	—
Free Cash Flow per Share (USD)	$0.74	$1.51	$1.55	$3.14	$1.08	$0.49	—	—	—	—
Book Value per Share (USD)	$3.90	$4.26	$3.71	$2.00	$0.95	$0.98	$1.22	$4.67	—	—
Tangible Book Value per Share (USD)	$3.10	$3.31	$2.66	$0.84	$-0.32	$-0.45	$-0.35	$2.51	—	—
Basic Weighted Avg Shares (shares)	99.52M	100.14M	101.35M	97.21M	96.61M	96.02M	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Working Capital (USD)	$-10.71M	$15.93M	$110.17M	$45.48M	$-12.26M	$-1.97M	$-126.00K	$9.84M	—	—
LT Debt (USD)	—	—	—	—	—	—	$421.99M	—	—	—
Total Equity (USD)	$389.26M	$421.08M	$377.31M	$200.85M	$97.27M	$98.89M	$123.40M	$348.99M	$24.90M	$310.57M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗
Sales/Revenue/Turnover (USD)	$320.63M	$386.27M	$563.61M	$501.99M	$291.34M	$225.15M	$321.10M	$240.60M	$134.24M	—
Depreciation Expense (USD)	$59.91M	$59.33M	$70.53M	$54.36M	$55.88M	$50.87M	$44.59M	$31.95M	$25.24M	—
Net Income, GAAP (USD)	$-37.12M	$71.27M	$173.70M	$73.94M	$-4.58M	$-25.13M	$6.24M	$4.96M	$981.00K	—
Operating Cash Flow (USD)	$74.09M	$151.68M	$156.80M	$305.61M	$104.60M	$46.78M	$60.49M	$26.20M	$40.77M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 10 years · 38 quarters

Target Hospitality Corp.

Analytical Summary

10-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

Signals

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