What are Target Hospitality's profit margins?

Target Hospitality (TH) runs a 9.8% gross margin and a -14.8% operating margin, with a -13.5% net margin.

Where do Target Hospitality's ratios come from?

Every ratio is computed from Target Hospitality's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Target Hospitality TH Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	9.8%-3.5pp	13.3%-9.8pp	23.1%-9.1pp	32.2%-9.9pp	42.1%-4.0pp
Operating margin	-14.8%-4.0pp	-10.8%-11.8pp	0.9%-9.0pp	9.9%-12.2pp	22.1%-6.1pp
Net margin	-13.5%-1.9pp	-11.6%-8.5pp	-3.1%-6.7pp	3.6%-9.1pp	12.7%-5.7pp
EBITDA margin	8.5%-3.6pp	12.1%-11.5pp	23.6%-9.1pp	32.7%-9.9pp	42.6%-4.4pp
Free cash flow margin	23.8%+0.9pp	22.9%-8.2pp	31.1%+6.7pp	24.5%-5.3pp	29.7%-9.4pp
Returns
Return on equity	-11%-1.8pp	-9.2%-6.8pp	-2.4%-5.1pp	2.8%-8.5pp	11.2%-6.6pp
Return on assets	-7.9%-2.0pp	-5.9%-4.4pp	-1.5%-3.4pp	1.8%-5.3pp	7.1%-2.9pp
Return on invested capital	-12.4%-4.0pp	-8.3%-9.0pp	0.7%-4.7pp	5.4%-8.5pp	13.9%-4.4pp
Efficiency
Asset turnover	0.6×+0.1×	0.5×0.0×	0.5×0.0×	0.5×-0.1×	0.6×0.0×
Liquidity
Current ratio	0.8×0.0×	0.9×-0.1×	1×-0.5×	1.5×-0.5×	2×+0.9×
Quick ratio	0.8×0.0×	0.9×-0.1×	1×-0.5×	1.5×-0.5×	2×+0.9×
Cash ratio	0.1×0.0×	0.1×-0.3×	0.4×0.0×	0.3×-0.3×	0.7×-0.1×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×-0.5×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×-0.3×
Net debt / EBITDA	0.2×+0.1×	0.1×+0.3×	-0.2×-0.2×	-0.1×+0.1×	-0.1×-0.2×
Interest coverage	-5.9×-3.2×	-2.7×-3.0×	0.3×-1.9×	2.2×-2.0×	4.2×-1.8×
Per Share
Book value per share	$3.77-3.6%	$3.91-3.0%	$4.03-0.1%	$4.04-3.7%	$4.19+0.9%
Valuation
Market capitalization	$929.42M+16.3%	$799.23M-5.5%	$846.12M+18.3%	$715.43M+9.4%	$653.81M-31.6%
Enterprise value	$934.98M+16.3%	$803.71M-3.0%	$828.98M+16.8%	$709.97M+12.1%	$633.2M-35.1%
Price / sales	2.9×+0.4×	2.5×-0.2×	2.7×+0.4×	2.3×+0.4×	1.9×-0.6×
Price / book	2.5×+0.4×	2.1×0.0×	2.1×+0.3×	1.8×+0.2×	1.6×-0.7×
EV / EBITDA	34.2×+13.4×	20.8×+9.6×	11.2×+4.2×	7×+2.7×	4.2×-1.1×
EV / sales	2.9×+0.4×	2.5×-0.1×	2.6×+0.3×	2.3×+0.5×	1.8×-0.7×
Free cash flow yield	8.3%-0.9pp	9.2%-2.4pp	11.6%+1.0pp	10.6%-5.3pp	15.9%+0.1pp
Earnings yield	-4.7%0.0pp	-4.6%-3.5pp	-1.1%-2.7pp	1.6%-5.2pp	6.8%-0.7pp

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Questions, answered.

What are Target Hospitality's profit margins?: Target Hospitality (TH) runs a 9.8% gross margin and a -14.8% operating margin, with a -13.5% net margin.
Where do Target Hospitality's ratios come from?: Every ratio is computed from Target Hospitality's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.