Target Hospitality Corp.

Insider Sentiment (TTM):

Last Purchase:2025-12-03Last Sale:2026-01-20Shares Purchased (TTM):270,000Shares Sold (TTM):102,056

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:30,426,575Shares Outstanding:99,930,789Institutional Ownership Pct.:30.45%

Earnings Market Reaction:

Filing Date:2026-08-10Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	6	5	8	30	19	34	191	178	154	124	104	105
Accounts Receivable Net Current	50	46	56	43	57	57	49	47	49	54	67	59
Prepaid Expense And Other Assets Current	7	8	9	6	6	8	9	6	6	8	9	7
Assets Current	64	59	73	79	83	100	249	231	209	186	181	172
Property Plant And Equipment Net	-	-	-	332	317	326	321	332	336	343	349	360
Property Plant And Equipment Other Net	42	36	36	36	37	36	35	34	35	35	35	35
Operating Lease Right Of Use Asset	4	5	7	9	8	8	25	13	14	16	20	17
Goodwill	41	41	41	41	41	41	41	41	41	41	41	41
Intangible Assets Net Excluding Goodwill	33	36	39	43	46	49	53	56	60	63	66	70
Deferred Finance Costs Noncurrent Net	-	2	2	1	2	2	2	2	2	2	2	2
Other Assets Noncurrent	34	7	-	-	-	-	-	-	-	0	1	1
Assets	654	540	530	541	534	563	726	710	697	687	694	697
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	47	33	44	46	21	23	16	17	18	17	21	21
Accrued Liabilities Current	24	18	22	18	17	17	26	23	26	36	34	31
Deferred Revenue Current	21	11	9	9	9	1	1	0	3	2	2	15
Operating Lease Liability Current	3	5	6	7	7	7	9	8	9	10	12	9
Finance Lease Liability Current	-	2	2	2	2	2	2	2	2	2	1	1
Long Term Debt Current	-	-	-	-	-	-	180	180	179	-	-	208
Liabilities Current	99	69	84	82	57	51	233	229	236	67	70	294
Long Term Line Of Credit	40	30	-	-	24	41	-	-	-	-	-	-
Finance Lease Liability Noncurrent	-	1	2	2	2	2	1	1	1	1	1	1
Liabilities Noncurrent
Operating Lease Liability Noncurrent	0	1	1	2	2	3	17	6	6	7	8	8
Other Liabilities Noncurrent	-	-	-	-	-	0	-	-	-	-	-	-
Deferred Revenue Noncurrent	100	19	9	6	1	1	1	1	1	3	4	4
Long Term Debt
Debt Instrument Carrying Amount	-	-	-	-	-	-	-	-	-	181	181	-
Deferred Income Tax Liabilities Net	40	40	42	45	44	48	49	53	54	52	53	48
Debt Instrument Unamortized Discount	-	-	-	-	-	-	-1	-1	-2	-2	-3	-0
Asset Retirement Obligations Noncurrent	3	3	3	3	3	3	3	3	3	2	2	2
Deferred Finance Costs Net	-	-	-	-	-	-	-0	-0	-0	-1	-1	-1
Secured Debt	-	-	-	-	-	-	-	-	-	179	178	-
Liabilities	284	163	141	139	133	147	305	292	300	312	317	358
Stockholders Equity
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Treasury Stock Common Value	-57	-57	-57	-57	-57	-57	-57	-46	-45	-45	-24	-24
Additional Paid In Capital	157	155	154	152	150	149	149	146	145	142	142	141
Accumulated Other Comprehensive Income Loss Foreig…	-3	-3	-3	-3	-3	-3	-3	-3	-3	-3	-3	-3
Retained Earnings Accumulated Deficit	273	282	295	310	311	326	332	320	300	281	261	223
Stockholders Equity	370	377	389	402	401	415	421	418	397	376	377	338
Minority Interest	-0	-0	-0	-0	-0	-0	0	0	-	-	-	-
Liabilities And Stockholders Equity	654	540	530	541	534	563	726	710	697	687	694	697
Allowance For Doubtful Accounts Receivable Current	0	0	0	1	1	1	1	1	1	1	1	0
Common Stock Par Or Stated Value Per Share	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Authorized	400	400	400	400	400	400	400	400	400	400	400	400
Common Stock Shares Issued	114	113	113	113	113	113	112	112	112	112	111	111
Shares Outstanding	100	100	100	100	100	99	99	100	100	100	102	102
Treasury Stock Common Shares	13	13	13	13	13	13	13	12	12	12	9	9

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-10.90%	2.16%	-15.93%	-	-	-	-	-	-	-	-	-
2025	-7.77%	7.37%	13.27%	10.88%	8.56%	-8.56%	19.63%	30.06%	13.34%	52.86%	61.67%	91.19%
2024	-1.39%	-24.39%	-19.62%	-3.00%	-25.73%	-24.92%	-17.07%	-1.68%	-2.13%	1.92%	8.90%	5.52%
2023	-	-	-	-	-	-	-23.37%	-33.31%	-34.68%	25.14%	29.18%	31.03%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	0.65	0.85	0.87	0.96	1.47	1.97	1.07	1.01	0.89	2.78	2.57	0.58
Quick Ratio	0.57	0.74	0.77	0.89	1.35	1.81	1.03	0.98	0.86	2.67	2.43	0.56
Working Capital	-34.99M	-10.62M	-10.71M	-2.98M	26.43M	49.08M	15.93M	2.08M	-26.68M	119.25M	110.17M	-122.64M
Leverage & Debt
Debt to Equity	0.77	0.43	0.36	0.35	0.33	0.35	0.72	0.70	0.76	0.83	0.84	1.06
Interest Coverage TTM	-14.16	-18.12	-5.71	0.30	2.36	4.72	6.55	7.63	9.29	10.60	10.63	9.98
Debt Ratio	0.43	0.30	0.27	0.26	0.25	0.26	0.42	0.41	0.43	0.45	0.46	0.51
Efficiency & Turnover
Asset Turnover TTM	0.58	0.59	0.51	0.40	0.36	0.42	0.37	0.39	0.52	0.51	0.50	0.45
Days Sales Outstanding TTM	56.67	57.87	60.07	65.70	86.39	76.76	79.91	71.82	53.01	56.70	54.53	58.18
Receivables Turnover TTM	6.44	6.31	6.08	5.56	4.23	4.76	4.57	5.08	6.89	6.44	6.69	6.27
Per Share Metrics
Diluted EPS TTM	-0.38	-0.44	-0.37	-0.10	0.11	0.45	0.70	0.95	1.21	1.47	1.65	1.59
Free Cash Flow Per Share TTM	1.67	0.77	0.74	0.95	0.73	1.06	1.51	1.59	1.76	1.92	1.50	1.59
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	13.73%	9.76%	13.30%	29.04%	44.53%	55.83%	67.01%	74.98%	69.70%	81.71%	85.69%	105.52%
Operating Profit Margin TTM	-11.10%	-14.83%	-10.84%	1.15%	13.73%	29.33%	40.91%	49.46%	49.48%	60.92%	65.81%	81.47%
Net Profit Margin TTM	-10.86%	-13.48%	-11.58%	-3.89%	4.96%	16.86%	26.80%	35.65%	34.77%	43.78%	47.51%	52.74%
Growth Metrics
Net Revenue Growth (1Y)	54.87%	22.82%	20.58%	-7.81%	-36.17%	-23.25%	-27.27%	-14.56%	6.13%	-1.44%	9.57%	-33.05%
Net Income Growth (1Y)	-439.47%	-198.20%	-152.09%	-110.07%	-90.90%	-70.44%	-58.97%	-42.24%	-13.26%	28.13%	134.92%	270.70%
EPS Growth (1Y)	-436.70%	-197.40%	-152.41%	-110.13%	-90.82%	-69.98%	-58.47%	-41.56%	-12.22%	28.11%	125.33%	254.73%
Valuation Metrics
P/E TTM	-54.07	-21.26	-21.47	-86.92	63.66	14.68	13.58	8.08	7.15	7.28	5.68	9.64
P/B TTM	5.52	2.46	2.05	2.10	1.76	1.57	2.30	1.87	2.20	2.91	2.61	4.77
P/S TTM	5.87	2.87	2.49	3.38	3.16	2.48	3.64	2.88	2.49	3.19	2.70	5.08
Market Cap	2.04B	927.36M	797.16M	846.12M	707.70M	652.16M	967.81M	781.41M	873.28M	1.09B	986.14M	1.61B
Enterprise Value	2.03B	925.45M	792.57M	819.97M	693.22M	621.98M	960.78M	785.95M	900.79M	972.69M	884.61M	1.72B
Calculated Values
Free Cash Flow TTM	167.01M	77.19M	74.09M	94.97M	73.04M	105.02M	151.68M	159.41M	176.22M	192.86M	152.25M	161.75M
Net Debt	-6.07M	-1.91M	-4.59M	-26.15M	-14.48M	-30.18M	-7.03M	4.54M	27.51M	-121.46M	-101.54M	105.37M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-01-20Sale

Owner: Lewis, Heidi Diane

Title: EVP, General Counsel & Sec

Shares: 9,000

Price/Share: $7.34

Value: $66,060.00

Shares Owned: 131,742

Relationship: Officer

Ownership: Direct

2025-12-15Sale

Owner: Lewis, Heidi Diane

Title: EVP, General Counsel & Sec

Shares: 13,456

Price/Share: $8.50

Value: $114,376.00

Shares Owned: 140,742

Relationship: Officer

Ownership: Direct

2025-12-03Purchase

Owner: Robertson, Stephen

Title: -

Shares: 125,000

Price/Share: $7.94

Value: $992,500.00

Shares Owned: 445,000

Relationship: Director

Ownership: Direct

2025-11-17Sale

Owner: Lewis, Heidi Diane

Title: EVP, General Counsel & Sec

Shares: 9,000

Price/Share: $6.70

Value: $60,300.00

Shares Owned: 154,198

Relationship: Officer

Ownership: Direct

2025-11-17Purchase

Owner: Robertson, Stephen

Title: -

Shares: 145,000

Price/Share: $6.85

Value: $993,250.00

Shares Owned: 320,000

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-01-20	Lewis, Heidi Diane	Officer	EVP, General Counsel & Sec	Direct	Sale	9,000	7.34	$66,060.00	131,742	4
2025-12-15	Lewis, Heidi Diane	Officer	EVP, General Counsel & Sec	Direct	Sale	13,456	8.50	$114,376.00	140,742	4
2025-12-03	Robertson, Stephen	Director	-	Direct	Purchase	125,000	7.94	$992,500.00	445,000	4
2025-11-17	Lewis, Heidi Diane	Officer	EVP, General Counsel & Sec	Direct	Sale	9,000	6.70	$60,300.00	154,198	4
2025-11-17	Robertson, Stephen	Director	-	Direct	Purchase	145,000	6.85	$993,250.00	320,000	4
2025-10-20	Lewis, Heidi Diane	Officer	EVP, General Counsel & Sec	Direct	Sale	9,000	7.09	$63,810.00	163,198	4
2025-09-22	Lewis, Heidi Diane	Officer	EVP, General Counsel & Sec	Direct	Sale	12,256	8.71	$106,749.76	172,198	4
2025-09-18	Schrenk, Troy C.	Officer	SEVP, Operations & CCO	Direct	Sale	49,344	8.58	$423,371.52	174,553	4
2023-10-10	Kalamaras, Eric	Officer	Chief Financial Officer	Direct	Sale	2,456	16.53	$40,597.68	30,480	4
2023-10-03	Kalamaras, Eric	Officer	Chief Financial Officer	Direct	Sale	442	16.50	$7,293.00	32,936	4
2023-10-03	Schrenk, Troy C.	Officer	Chief Commercial Officer	Direct	Sale	4,901	16.50	$80,866.50	31,323	4
2023-09-12	Vlacich, Jason Paul	Officer	Chief Accounting Officer	Direct	Sale	895	16.05	$14,364.75	22,248	4
2023-09-01	Vlacich, Jason Paul	Officer	Chief Accounting Officer	Direct	Sale	4,851	16.07	$77,955.57	22,353	4
2023-08-31	Vlacich, Jason Paul	Officer	Chief Accounting Officer	Direct	Sale	7,371	16.01	$118,009.71	22,680	4
2023-08-29	Schrenk, Troy C.	Officer	Chief Commercial Officer	Direct	Sale	200	15.51	$3,102.00	10,301	4
2023-08-25	Schrenk, Troy C.	Officer	Chief Commercial Officer	Direct	Sale	7,169	15.51	$111,191.19	39,175	4
2023-08-23	Schrenk, Troy C.	Officer	Chief Commercial Officer	Direct	Sale	30,277	15.55	$470,807.35	58,245	4
2023-08-21	Schrenk, Troy C.	Officer	Chief Commercial Officer	Direct	Sale	2,223	15.52	$34,500.96	89,465	4
2023-06-12	Kalamaras, Eric	Officer	EVP and CFO	Direct	Sale	7,970	16.56	$131,983.20	25,969	4
2023-03-20	Kalamaras, Eric	Officer	EVP and CFO	Direct	Sale	2,190	16.52	$36,178.80	81,134	4
2023-03-20	Vlacich, Jason Paul	Officer	Chief Accounting Officer	Direct	Sale	48,000	16.60	$796,800.00	22,248	4
2023-03-14	Kalamaras, Eric	Officer	EVP and CFO	Direct	Sale	75,126	17.38	$1,305,689.88	81,134	4
2023-03-10	Kalamaras, Eric	Officer	EVP and CFO	Direct	Sale	62,660	16.92	$1,060,207.20	106,560	4
2023-03-08	Kalamaras, Eric	Officer	EVP and CFO	Direct	Sale	62,748	16.13	$1,012,125.24	111,384	4
2023-03-08	Archer, James B.	Director,Officer	President and CEO	Direct	Sale	25,622	15.70	$402,265.40	1,156,018	4
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Institutional Ownership

No data available for chart

2026-03-31

30.45%

Inst. Shares: 30,426,575

Shares Outstanding: 99,930,789

2025-12-31

31.68%

Inst. Shares: 31,526,334

Shares Outstanding: 99,520,649

2025-09-30

29.73%

Inst. Shares: 29,666,179

Shares Outstanding: 99,778,834

2025-06-30

30.16%

Inst. Shares: 29,974,557

Shares Outstanding: 99,396,381

2025-03-31

29.99%

Inst. Shares: 29,722,317

Shares Outstanding: 99,111,940

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	30,426,575	99,930,789	30.45%
2025-12-31	31,526,334	99,520,649	31.68%
2025-09-30	29,666,179	99,778,834	29.73%
2025-06-30	29,974,557	99,396,381	30.16%
2025-03-31	29,722,317	99,111,940	29.99%
2024-12-31	27,809,471	100,135,249	27.77%
2024-09-30	25,868,615	100,438,559	25.76%
2024-06-30	24,437,644	100,261,964	24.37%
2024-03-31	26,409,309	100,657,706	26.24%
2023-12-31	31,505,873	101,350,910	31.09%
2023-09-30	31,119,859	101,620,537	30.62%
2023-06-30	31,904,693	101,465,088	31.44%
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Target Hospitality Corp. (TH) — SEC Financial Statements & Analysis

Target Hospitality Corp. (TH) is a hotels, rooming houses, camps & other lodging places company, incorporated in DE. Target Hospitality Corp. trades on Nasdaq as: TH. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Target Hospitality Corp. reported a 54.87% year-over-year revenue growth, a Gross Profit Margin of 13.73% (TTM), a Debt-to-Equity ratio of 0.77x, a Price-to-Sales (P/S) ratio of 5.87x (TTM), a Price-to-Book (P/B) ratio of 5.52x (TTM), at a market cap of $2.04B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 54.87%
Gross Profit Margin TTM: 13.73%
Debt To Equity: 0.77x
P/S TTM: 5.87x
P/B TTM: 5.52x
Market Cap: $2.04B

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Target Hospitality Corp. in?

Target Hospitality Corp. (TH) operates in the Hotels, Rooming Houses, Camps & Other Lodging Places industry.

What is TH's market cap?

Target Hospitality Corp. (TH) has a market capitalization of $2.04B as of 2026-06-30.

What exchange does TH trade on?

Target Hospitality Corp. (TH) trades on the Nasdaq.

Where is Target Hospitality Corp. incorporated?

Target Hospitality Corp. is incorporated in DE.