What is Target Hospitality's foreign operations?

Target Hospitality (TH) reported foreign operations of -0.6% in Q4 2025.

What does foreign operations mean?

This reflects the effective tax rate impact resulting from earnings generated in foreign jurisdictions. It is used to assess how global operations influence the overall corporate tax profile.

Target Hospitality TH Foreign operations

Foreign operations at other companies

Hillman Solutions Corp.HLMN

0.3%-1.7pp

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$1.99B+42.2%

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

Reported directly by Target Hospitality in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential.

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

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Questions, answered.

What is Target Hospitality's foreign operations?: Target Hospitality (TH) reported foreign operations of -0.6% in Q4 2025.
What does foreign operations mean?: This reflects the effective tax rate impact resulting from earnings generated in foreign jurisdictions. It is used to assess how global operations influence the overall corporate tax profile.