What are Target Hospitality's profit margins?

Gross margin is 9.8% and operating margin is -14.8%, with a -13.5% net margin.

Where does Target Hospitality's income statement data come from?

Every line is extracted from Target Hospitality's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Target Hospitality TH Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Net interest income	-$6.09M+63.4%	-$16.62M+26.6%	-$22.64M+37.7%	-$36.32M+6.1%
Total interest income	$2.33M-65.2%	$6.7M+61.9%	$4.14M—	——
Total revenue	$320.64M-17.0%	$386.27M-31.5%	$563.61M+12.3%	$501.99M+72.3%
Rental income	$45.8M-62.0%	$120.4M-39.2%	$198M+17.6%	$168.3M+119%
Gross profit	$42.66M-76.1%	$178.18M-43.1%	$313.32M+26.8%	$247.13M+144%
Gross margin	13.3%-32.8pp	46.1%-9.5pp	55.6%+6.4pp	49.2%+14.4pp
Selling, general and administrative	$58.51M+7.8%	$54.26M-3.3%	$56.13M-3.1%	$57.89M+24.6%
Compensation and benefits	$7.55M+3.4%	$7.31M—	——	$19.24M+278%
Occupancy and equipment	$9.08M-9.8%	$10.06M-43.5%	$17.8M+65.1%	$10.78M—
Depreciation and amortization	$73.39M+0.8%	$72.81M-13.3%	$83.98M+24.1%	$67.67M-4.0%
Impairment charges	$0—	$0—	$0—	$0—
Other operating expenses	-$2.7M-637%	$502K+140%	-$1.24M-3,356%	-$36K+95.9%
Operating income	-$34.75M-132%	$108.78M-54.8%	$240.61M+38.0%	$174.37M+370%
Operating margin	-10.8%-39.0pp	28.2%-14.5pp	42.7%+8.0pp	34.7%+22.0pp
Interest expense	$12.98M-27.8%	$17.97M-38.6%	$29.27M-10.4%	$32.65M-3.3%
Gain (loss) on extinguishment of debt	——	$0—	——	$0—
Gain (loss) on disposal of assets	——	$322K—	——	——
Income before income taxes	-$43.2M-147%	$92.84M-58.7%	$224.75M+111%	$106.31M—
Income tax expense	-$6.13M-129%	$21.43M-58.0%	$51.05M+57.7%	$32.37M+1,601%
Net income	-$37.12M-152%	$71.27M-59.0%	$173.7M+135%	$73.94M—
Net margin	-11.6%-30.0pp	18.4%-12.4pp	30.8%+16.1pp	14.7%—
Net income attributable to noncontrolling interests	——	——	——	——
Diluted earnings per share	-$0.38-154%	$0.70-54.5%	$1.54+105%	$0.75—
Basic earnings per share	-$0.38-154%	$0.71-58.7%	$1.72+123%	$0.77—
Weighted-average shares, diluted	397.8M-2.1%	406.3M-3.6%	421.7M+7.8%	391.3M+1.3%
Weighted-average shares, basic	397.8M-0.9%	401.5M-0.9%	405.1M+4.3%	388.5M+0.6%
Depreciation	$57.18M0.0%	$57.16M-16.7%	$68.63M+29.9%	$52.83M-1.4%
Adjusted Gross Profit	$99.59M-57.8%	$236.09M-38.5%	$383.92M+27.5%	$301.16M+105%
Adjusted Gross Profit Other	——	——	-$1.97M-184%	-$694K-109%
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	$2.24M—	——	$6.82M—	——
Accounts Receivable, Allowance for Credit Loss, Recovery	$274K+247%	$79K+43.6%	$55K-91.5%	$645K+161%
Accounts Receivable, Allowance for Credit Loss, Writeoff	$1.01M+268%	$273K+2.6%	$266K-40.4%	$446K-90.2%
Amortization Of Debt Discount Premium	——	$1.75M+132%	$751K+5.6%	$711K+11.4%
Amortization Of Financing Costs	$736K-33.0%	$1.1M-61.9%	$2.88M-38.6%	$4.69M+8.1%
Amortization of capitalized software and acquired intangible assets	$13.54M0.0%	$13.54M+0.2%	$13.51M+1.9%	$13.26M-9.3%
Asset Retirement Obligation Accretion Reverse	-$132K+5.0%	-$139K+21.5%	-$177K-5.4%	-$168K—
Capital investments accrued but not yet paid	——	——	——	——
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	-$193.47M-323%	$86.74M—	——	$158.27M—
Common Stock Number Of Votes Per Share	——	——	——	1—
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	-$37.09M-152%	$71.26M-59.0%	$173.64M+135%	$73.83M—
Contract With Customer Liability Additions To Deferred Revenue	$19.52M—	——	——	——
Contract With Customer Liability Revenue Recognized Including Opening Balance	$2.18M-55.7%	$4.93M-95.9%	$120.05M—	——
Revenue recognized that was included in deferred income at the beginning of the period	——	-$10.35M+91.4%	-$120.05M-47.0%	-$81.65M+26.7%
Federal	$834K-96.7%	$25.29M+92.4%	$13.15M+428%	$2.49M+82.3%
Decrease In Accrual Of Issuance Costs From Warrant Exchange	——	——	$1.5M—	——
Federal	-$6.96M-80.3%	-$3.86M-110%	$37.9M+26.8%	$29.88M+6,271%
Deferred taxes	-$7.18M-88.7%	-$3.8M-110%	$37.9M+26.8%	$29.88M+6,271%
Defined Contribution Plan Cost Recognized	$1.1M+22.2%	$900K-18.2%	$1.1M+22.2%	$900K—
Defined Contribution Plan Employer Match Percent Level Two	——	——	——	——
Defined Contribution Plan Employer Matching Contribution Percent	——	——	——	——
Defined Contribution Plan Employer Matching Contribution Percent Of Match	——	——	——	——
Defined Contribution Plan Employer Matching Contribution Percent Level One	——	——	——	——
Defined Contribution Plan Employer Matching Contribution Percent Level Two	——	——	——	——
Maximum percentage of annual compensation contributed by the participant (percent)	——	——	——	——
Defined Contribution Plan Minimum Annual Contributions Per Employee Percent	——	——	——	——
Depreciation	$59.91M+1.0%	$59.33M-15.9%	$70.53M+29.7%	$54.36M-2.7%
Effect of exchange rate changes on cash, cash equivalents and restricted cash	——	-$30K—	——	——
Effective tax rates	$0.14-79.1%	$0.68—	——	——
Income taxes at U.S. statutory rate of 21%	84%—	——	——	——
Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liabilities Percent	——	——	——	——
Effective Income Tax Rate Reconciliation Change In Fair Value Of Warrant Liabilities	——	-$142K+92.5%	-$1.9M-129%	$6.66M+2,875%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	——	——	——	——
Foreign operations	——	——	——	——
Share-based compensation	——	——	——	——
State income taxes – net of federal income tax benefit	——	——	——	——
Finance Lease Cost	$2.76M+36.9%	$2.02M+21.1%	$1.67M-38.7%	$2.72M—
Finance Lease Impairment Loss	$0—	$0—	$0—	$0—
Finance Lease Interest Payment On Liability	$454K+50.8%	$301K+42.0%	$212K+194%	$72K—
Finance Lease Principal Payments	$2.34M+38.3%	$1.7M+20.7%	$1.4M+39.3%	$1.01M—
Finance Lease Right Of Use Asset Amortization	$2.31M+34.4%	$1.72M+18.0%	$1.45M—	——
Gain (Loss) on Disposition of Assets	——	$322K—	——	——
Gain Loss On Sale Of Other Property Plant And Equipment	$300K0.0%	$300K—	——	——
Federal taxes	$925K—	——	——	——
State taxes	$33K—	——	——	——
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	——	$307K-39.8%	$510K+64.5%	$310K-31.4%
Income Tax Reconciliation Foreign Income Tax Rate Differential	$251K+966%	-$29K+37.0%	-$46K-64.3%	-$28K-193%
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	-$9.07M-147%	$19.5M-58.7%	$47.2M+111%	$22.33M+4,080%
Share-based compensation	$1.92M+171%	$708K+131%	$306K-20.1%	$383K-23.4%
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	$144K+162%	-$234K-123%	$1.03M+1,370%	-$81K-158%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	$631K-52.3%	$1.32M-66.5%	$3.96M+41.4%	$2.8M+150%
Income Taxes Paid, Net	$2.82M-90.2%	$28.77M+382%	$5.97M+22.8%	$4.87M+536%
Accounts payable and other current liabilities	$23.15M—	——	——	$6.37M-35.8%
Increase (Decrease) in Accounts Receivable	$7.51M—	——	$25.8M—	——
Increase Decrease In Accrued Distributions To Noncontrolling Interests	——	——	——	——
Deferred revenue	$17.34M+482%	-$4.53M+96.2%	-$120.05M—	——
Short- and long-term operating lease liabilities	-$9.76M-1.3%	-$9.63M+28.5%	-$13.48M-56.4%	-$8.62M—
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net	$42K—	——	-$1.18M+18.0%	-$1.44M+0.1%
Increase (Decrease) in Prepaid Expense and Other Assets	——	——	——	$10.12M+775%
Debt	——	——	——	——
Interest Income (Expense), Operating	-$6.09M+63.4%	-$16.62M+26.6%	-$22.64M+37.7%	-$36.32M+6.1%
Interest Income Operating	$2.33M-65.2%	$6.7M+61.9%	$4.14M—	——
Interest Paid, Excluding Capitalized Interest, Operating Activity	$12.98M-27.8%	$17.98M-38.6%	$29.27M-10.4%	$32.65M-3.3%
Minimum Lease Payment Included In Variable Lease Cost	$25M0.0%	$25M0.0%	$25M0.0%	$25M—
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders	$250K—	——	——	——
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$188.64M-423%	-$36.06M+78.3%	-$166.37M-2,244%	-$7.1M+86.4%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$67.79M-135%	-$28.84M+57.7%	-$68.18M+51.4%	-$140.23M-290%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$74.09M-51.2%	$151.68M-3.3%	$156.8M-48.7%	$305.61M+192%
Net Income Loss Attributable To Noncontrolling Interest	——	——	——	——
Non Cash Accrued Proceeds From Sale Of Specialty Rental Assets	$118K—	——	——	——
Non Cash Change In Accrual Of Tax Withholding Share Based Payment Arrangement	——	——	——	——
Non Cash Change In Accrued Distributions To Noncontrolling Interest	——	——	——	——
Non Cash Change In Capital Lease Obligation	-$3.05M-16.8%	-$2.61M-60.1%	-$1.63M+13.2%	-$1.88M-5.7%
Non Cash Change In Specialty Rental Assets And Related Accumulated Depreciation	——	$1M—	——	——
Non Cash Repurchase Of Common Stock	——	-$249K—	——	——
Number Of Anniversaries Of Grant Date	——	——	——	——
Number of reportable segments	——	——	——	——
Occupancy and Related Charges	$9.08M-9.8%	$10.06M-43.5%	$17.8M+65.1%	$10.78M—
Lease impairment	$0—	$0—	$0—	$0—
Lease income — operating leases	$45.8M-62.0%	$120.4M-39.2%	$198M+17.6%	$168.3M+119%
Operating Lease Payments	$10.95M-0.1%	$10.96M-25.0%	$14.6M-6.4%	$15.61M—
Operating Lease Payments Interest Expense From Operating Activities	$1.1M-21.4%	$1.4M+27.3%	$1.1M+10.0%	$1M—
Foreign currency translation	-$13K+91.2%	-$147K-130%	-$64K+42.9%	-$112K-300%
Other Depreciation and Amortization	$16.2M+3.6%	$15.64M+1.9%	$15.35M+3.5%	$14.83M-12.3%
All other operating activities	——	$778K—	——	——
Other income, net	-$2.7M-637%	$502K+140%	-$1.24M-3,356%	-$36K+95.9%
Payment for (Proceeds from) Other Investing Activity	——	——	——	——
Payments Of Debt Extinguishment Costs	——	——	——	——
Payments Of Dividends Minority Interest	$260K+300%	$65K—	——	——
Payments To Acquire Other Property Plant And Equipment	$751K+9.3%	$687K-77.6%	$3.07M-85.1%	$20.56M+4,714%
Payments To Acquire Specialty Rental Assets	$67.04M+127%	$29.56M-51.4%	$60.81M-49.4%	$120.29M+239%
Dispositions of property, plant, and equipment	——	——	——	——
Provision For Doubtful Accounts Net Of Recoveries	$703K+156%	$275K-52.4%	$578K+42.0%	$407K-75.0%
Reduction In Operating Lease Right Of Use Asset Due To Lease Terminations And Modifications	$15.88M+126%	$7.04M—	——	——
Repayments of Debt and Lease Obligation	$2.34M+38.3%	$1.7M+20.7%	$1.4M+39.3%	$1.01M-75.8%
Repayments of Long-term Lines of Credit	$75M—	——	——	——
Payments on debt	——	——	——	$5.5M—
Repurchase Of Common Stock Of Aggregate Price	——	——	——	——
Restricted Shares Issued In Exchange For Exercise Of Warrants	——	——	——	——
Revenue From Contract With Customer Excluding Assessed Tax	$274.83M+3.4%	$265.91M-27.3%	$365.63M+9.6%	$333.7M+55.6%
Stock-based compensation	$7.55M+3.4%	$7.31M—	——	$19.24M+278%
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Period Increase Decrease	——	——	——	——
Vested, grant-date fair value	$2.4M-74.7%	$9.5M-46.3%	$17.7M+785%	$2M-4.8%
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1	$0-100%	$400K-50.0%	$800K0.0%	$800K0.0%
Short Term Lease Cost	$95K+1,800%	$5K-97.7%	$222K-97.3%	$8.31M—
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$7.55M+17.4%	$6.43M-22.6%	$8.31M+0.7%	$8.25M+167%
Stock Repurchased During Period Shares	——	6.3M—	——	——
Stockholders' Equity, Other	——	-$778K—	——	——
Interest expense and penalties, net (benefit)/charge recognized	$0—	$0—	$0—	$0—
Variable Operating Lease Cost	$2.85M+131%	$1.24M-50.5%	$2.49M+39.4%	$1.79M—
Variable Operating Lease Cost Related To Base Rent	$100K0.0%	$100K0.0%	$100K-66.7%	$300K—
EBIT	-$34.75M-132%	$108.78M-54.8%	$240.61M+38.0%	$174.37M+370%
EBITDA	$38.64M-78.7%	$181.59M-44.1%	$324.58M+34.1%	$242.03M+125%
EBITDA	$38.64M-78.7%	$181.59M-44.1%	$324.58M+34.1%	$242.03M+125%
EBITDA margin	12.1%-35.0pp	47%-10.6pp	57.6%+9.4pp	48.2%+11.3pp
EBIT	-$34.75M-132%	$108.78M-54.8%	$240.61M+38.0%	$174.37M+370%

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Questions, answered.

What are Target Hospitality's profit margins?: Gross margin is 9.8% and operating margin is -14.8%, with a -13.5% net margin.
Where does Target Hospitality's income statement data come from?: Every line is extracted from Target Hospitality's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.