NASDAQ:TH
Target Hospitality Corp.
Target Hospitality Corp.'s revenue fell 17.0% in fiscal 2025 to $320.6M while operating margin fell to −10.8%, its lowest in 9 years. The diluted share count fell 1.9%.Summary generated from Target Hospitality Corp.'s SEC filings. Latest annual report filed Mar 11, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$320.6M
Revenue growth−17.0%
Revenue, 5-yr CAGR+7.3%
Gross margin13.3%
Operating margin−10.8%
Net margin−11.6%
ROIC−6.9%
Return on equity−9.2%
Debt / equity0.01
Free cash flown/a
FCF marginn/a
Share count change−1.9%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 291 | 502 | 564 | 386 | 321 |
| Operating income | 37 | 174 | 241 | 109 | −35 |
| Net income | −5 | 74 | 174 | 71 | −37 |
| Free cash flow | n/a | n/a | n/a | n/a | n/a |
Recent filings
- 4Insider transaction report
Oct 5, 2026 - 4Insider transaction report
Sep 29, 2026 - 8-KOther events
Sep 9, 2026 - 8-KRegulation FD disclosure
Sep 1, 2026 - 8-KRegulation FD disclosure
Aug 26, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 10, 2026 - 8-KResults of operations and financial condition
Aug 10, 2026 - 8-KDirector or officer change
Aug 5, 2026