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Target Hospitality TH Return on invested capital

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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$1.59B+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

Calculated from Target Hospitality’s reported figures.

Based on trailing twelve months.

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

Filed
May 11, 2026, 2:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-058542

FAQ

What is Target Hospitality's return on invested capital?
Target Hospitality (TH) reported return on invested capital of -12.4% in Q1 2026.
How has Target Hospitality's return on invested capital changed year-over-year?
Target Hospitality's return on invested capital decreased by 189.1% year-over-year, from 13.9% to -12.4%.
What is the long-term trend for Target Hospitality's return on invested capital?
Over 5 years (2020 to 2025), Target Hospitality's return on invested capital has grown at a 58.2% compound annual growth rate (CAGR), from 0.8% to -8.3%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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