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Target Hospitality

TH

Target Hospitality is a leading vertically integrated specialty rental and hospitality services company in North America, providing turnkey workforce housing and community solutions.

Market cap
$1.6B+116%
Revenue$323.5M-7.4%
Net income-$43.6M-198%
Free cash flow$76.9M-26.0%
EPS (diluted)-$0.44-202%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$79.3M
EPS estimate-$0.10

Financials

Q1 2026

Income statement

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Revenue$72.8M+4.1%
Gross profit$6.9M-61.7%
Operating income-$14.3M-1,231%
Net income-$12.9M-100.0%
EPS (diluted)-$0.13-85.7%

Balance sheet

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Cash & equivalents$5.5M-84.2%
Total debt$11.0M-20.4%
Total equity$376.9M-9.2%
Total assets$539.5M-4.1%

Cash flow

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Operating cash flow$7.0M+78.7%
CapEx$176.0K-71.4%
Free cash flow$6.9M+106%

Valuation & ratios

Valuation

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Market cap$1.6B+116%
Enterprise value$1.61B+107%
P/S+2.4×

Profitability

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Gross margin9.8%-32.3pp
Operating margin-14.8%-36.9pp
Net margin-13.5%-26.2pp
FCF margin23.8%-6.0pp

Returns & leverage

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Return on equity-11%-22.2pp
Debt / equity0.0×
Current ratio0.8×-1.1×

Segments

By segment

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Hospitality And Facilities Services South$33.1M-8.3%
Workforce Hospitality Solutions$23.6M+354%
Government$13.4M-47.7%
All Other Segments$2.7M-8.5%

By product

See full
Service$46.5M-7.2%
Construction Fee Income$9.7M+102%

Competitors

Profile

Target Hospitality is a leading vertically integrated specialty rental and hospitality services company in North America, providing turnkey workforce housing and community solutions. The company operates an extensive network of relocatable modular accommodation units, offering comprehensive services including site design, culinary operations, and facility management. Its value proposition centers on optimizing workforce productivity and safety for customers operating in remote or infrastructure-constrained environments.

Competitive position

A leading vertically integrated provider with the largest specialty rental network in the Permian Basin and a unique GSA professional services designation.

GeographiesUnited States, Canada
Customer segmentsEnergy & Mining, Technology Infrastructure, Government Agencies
Business modelVertically integrated service provider, Asset-heavy rental, Contract-based services
SuppliersModular unit manufacturers, Food and beverage wholesalers, Real estate owners, Utility providers
CustomersOil and gas exploration companies, Lithium mining firms, Data center developers, Federal government agencies
Listed2018
Employees984.0
CEOJames Bradley Archer
FilingsSEC EDGAR

Questions, answered.

What is Target Hospitality's market cap?
Target Hospitality (TH) has a market capitalization of $1.6B and trades on NASDAQ.
What is Target Hospitality's revenue and profitability?
Target Hospitality generated $323.5M in trailing twelve-month revenue with a net loss of $43.6M, representing a net margin of -13.5%. Gross margin stands at 9.8%, with free cash flow of $76.9M. These figures are based on the Q1 2026 filing.
Who are Target Hospitality's competitors?
Target Hospitality's key competitors include Civeo Corp, WillScot Mobile Mini, Aramark, and others. These companies compete in similar markets and product categories.
Who does Target Hospitality partner with?
Target Hospitality's notable partners include Chard Métis Dene Group, Lithium Nevada, LLC.
What subsidiaries does Target Hospitality have?
Target Hospitality's subsidiaries include Target Lodging, Signor Lodging.
Where is Target Hospitality headquartered?
Target Hospitality is headquartered in United States of America and employs approximately 984 people. It has been publicly traded since 2018.