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Target Hospitality TH Operating Income

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Other financials

Income statement

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Revenue$72.8M+4.1%
Gross profit$6.9M-61.7%
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
Debt / equity0.0×
Current ratio0.8×-1.1×

Where this comes from

Reported directly by Target Hospitality in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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

Filed
May 11, 2026, 2:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-058542
Line itemFor the Three Months Ended / March 31, 2026For the Three Months Ended / March 31, 2025
Selling, general and administrative14,55714,805
Other depreciation and amortization4,0213,973
Other expense, net2,628262
Operating loss(14,323)(1,076)
Loss on extinguishment of debt2,370
Interest expense, net8924,329
Loss before income tax(15,215)(7,775)
Income tax benefit(2,253)(1,316)

Item 1.Financial Statements

FAQ

What is Target Hospitality's operating income?
Target Hospitality (TH) reported operating income of -$14.32M in Q1 2026.
How has Target Hospitality's operating income changed year-over-year?
Target Hospitality's operating income decreased by 1231.1% year-over-year, from -$1.08M to -$14.32M.
What is the long-term trend for Target Hospitality's operating income?
Over 4 years (2021 to 2025), Target Hospitality's operating income has grown at a -1.6% compound annual growth rate (CAGR), from $37.1M to -$34.75M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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