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Target Hospitality TH Debt-to-equity

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Other financials

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

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Market cap$1.59B+120%
Enterprise value$1.6B+122%
P/S4.9×+2.6×

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
Current ratio0.8×-1.1×

Where this comes from

Calculated from Target Hospitality’s reported figures.

Based on the most recent quarter.

The source filing: Target Hospitality’s 10-Q, filed May 11, 2026. Open the filing →

Filed
May 11, 2026, 2:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-058542

FAQ

What is Target Hospitality's debt-to-equity?
Target Hospitality (TH) reported debt-to-equity of 0× in Q1 2026.
How has Target Hospitality's debt-to-equity changed year-over-year?
Target Hospitality's debt-to-equity decreased by 12.6% year-over-year, from 0× to 0×.
What is the long-term trend for Target Hospitality's debt-to-equity?
Over 5 years (2020 to 2025), Target Hospitality's debt-to-equity has grown at a -60.6% compound annual growth rate (CAGR), from 3.5× to 0×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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