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%-32.3pp	13.3%-32.8pp	23.1%-24.3pp	32.2%-18.9pp	42.1%-11.6pp
Operating margin	-14.8%-36.9pp	-10.8%-39.0pp	0.9%-30.4pp	9.9%-26.3pp	22.1%-17.9pp
Net margin	-13.5%-26.2pp	-11.6%-30.0pp	-3.1%-25.6pp	3.6%-21.9pp	12.7%-16.0pp
Returns
Return on equity	-11%-22.2pp	-9.2%-27.0pp	-2.4%-27.9pp	2.8%-32.8pp	11.2%-37.5pp
Return on invested capital	-12.4%-26.2pp	-8.3%-26.5pp	0.7%-22.6pp	5.4%-24.4pp	13.9%-22.6pp
Efficiency
Asset turnover	0.6×0.0×	0.5×0.0×	0.5×-0.1×	0.5×-0.2×	0.6×-0.2×
Liquidity
Current ratio	0.8×-1.1×	0.9×-0.2×	1×0.0×	1.5×+0.6×	2×-0.8×
Leverage
Debt-to-equity	0×0.0×	0×-0.5×	0×-0.4×	0×-0.5×	0×-0.5×
Net debt / EBITDA	0.2×+0.3×	0.1×0.0×	-0.2×-0.3×	-0.1×-0.2×	-0.1×-0.4×
Per Share
Book value per share	$3.77-10.0%	$3.91-5.8%	$4.03-2.2%	$4.04+2.9%	$4.19+14.2%
Valuation
Market capitalization	$929.42M+42.2%	$799.23M-16.4%	$846.12M+8.5%	$715.43M-18.4%	$653.81M-40.8%
Price / sales	2.9×+1.0×	2.5×0.0×	2.7×+0.9×	2.3×+0.5×	1.9×-0.2×
Price / book	2.5×+0.9×	2.1×-0.2×	2.1×+0.2×	1.8×-0.4×	1.6×-1.4×
EV / EBITDA	34.2×+29.9×	20.8×+15.4×	11.2×+7.4×	7×+3.3×	4.2×+0.2×

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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.