What is Target Hospitality's EV / EBITDA?

Target Hospitality (TH) reported EV / EBITDA of 34.2× in Q1 2026.

How has Target Hospitality's EV / EBITDA changed year-over-year?

Target Hospitality's EV / EBITDA increased by 705.0% year-over-year, from 4.2× to 34.2×.

What is the long-term trend for Target Hospitality's EV / EBITDA?

Over 5 years (2020 to 2025), Target Hospitality's EV / EBITDA has grown at a 24.3% compound annual growth rate (CAGR), from 7× to 20.8×.

What does EV / EBITDA mean?

Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

Target Hospitality TH EV / EBITDA

EV / EBITDA at other companies

AramarkARMK

13.4×+1.1×

WillScot Holdings CorporationWSC

51.2×+24.5×

Park Hotels & Resorts Inc.PK

17.6×+4.3×

St. Joe CompanyJOE

17.9×-0.5×

TeraWulfWULF

66.4×—

Cipher Digital, Inc. CIFR

30.3×—

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$2.04B+42.2%

Enterprise value$2.05B+47.7%

P/S6.3×+2.2×

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 / equity0×0.0×

Current ratio0.8×-1.1×

Where this comes from

Calculated from Target Hospitality’s reported figures.

enterprise value/ebitda=34.2×

Based on the most recent quarter.

The official record: Target Hospitality’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Target Hospitality's EV / EBITDA?: Target Hospitality (TH) reported EV / EBITDA of 34.2× in Q1 2026.
How has Target Hospitality's EV / EBITDA changed year-over-year?: Target Hospitality's EV / EBITDA increased by 705.0% year-over-year, from 4.2× to 34.2×.
What is the long-term trend for Target Hospitality's EV / EBITDA?: Over 5 years (2020 to 2025), Target Hospitality's EV / EBITDA has grown at a 24.3% compound annual growth rate (CAGR), from 7× to 20.8×.
What does EV / EBITDA mean?: Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.