Symbols / TH Stock $14.25 +1.79% Target Hospitality Corp.

Industrials • Specialty Business Services • United States • NCM
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Stock Fundamentals
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Index EQUITY
Sector Industrials
Industry Specialty Business Services
CEO Mr. James Bradley Archer
Exch · Country NCM · United States
Market Cap 1.42B
Enterprise Value 1.43B
Income -37.12M
Sales 320.64M
FCF (ttm) 17.26M
Book/sh 3.90
Cash/sh 0.10
Employees 902
Insider 10d —
IPO Mar 12, 2018
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 41.91
PEG 1.45
P/S 4.42
P/B 3.65
P/C —
EV/EBITDA 33.53
EV/Sales 4.45
Quick Ratio 0.79
Current Ratio 0.87
Debt/Eq 2.75
LT Debt/Eq —
EPS (ttm) -0.37
EPS next Y 0.34
EPS Growth —
Revenue Growth 7.30%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-11
Earnings (prior) 2026-03-11
ROA -3.08%
ROE -9.15%
ROIC —
Gross Margin 31.14%
Oper. Margin -14.54%
Profit Margin -11.58%
Shs Outstand 99.56M
Shs Float 39.77M
Insider Own 3.43%
Instit Own 90.29%
Short Float 7.90%
Short Ratio 2.15
Short Interest 2.49M
52W High 16.12
vs 52W High -11.60%
52W Low 5.97
vs 52W Low 138.69%
Beta 1.12
Impl. Vol. 62.11%
Rel Volume 1.45
Avg Volume 886.91K
Volume 1.28M
Target (mean) $16.00
Tgt Median $15.00
Tgt Low $15.00
Tgt High $18.00
# Analysts 3
Recom None
Prev Close $14.00
Price $14.25
Change 1.79%
About

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. It operates through Hospitality & Facilities Services – South, Workforce Hospitality Solutions, and Government segments. The company owns a network of specialty rental accommodation units. It also provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services. In addition, the company offers construction services. It serves the U.S. government contractors and investment grade natural resource development companies. Target Hospitality Corp. was founded in 1978 and is headquartered in The Woodlands, Texas.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$16.00
Mean price target
2. Current target
$14.25
Latest analyst target
3. DCF / Fair value
$3.12
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$14.25
Low
$15.00
High
$18.00
Mean
$16.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-09 main Oppenheimer Outperform → Outperform $18
2026-04-06 reit Stifel Buy → Buy $15
2026-03-17 up Oppenheimer Perform → Outperform $11
2025-12-30 reit Stifel Buy → Buy $11
2025-08-19 up Stifel Hold → Buy $11
2025-03-31 main Stifel Hold → Hold $8
2025-02-26 main Stifel Hold → Hold $5
2025-01-29 up Northland Capital Markets Market Perform → Outperform $15
2024-11-13 main Northland Capital Markets Market Perform → Market Perform $11
2024-04-12 down Stifel Buy → Hold $12
2024-03-26 main Stifel Buy → Buy $13
2024-03-25 main Oppenheimer Outperform → Outperform $10
2024-03-14 main Stifel Buy → Buy $13
2023-12-18 main Stifel Buy → Buy $14
2023-10-03 main Oppenheimer Outperform → Outperform $18
2023-08-10 main Oppenheimer Outperform → Outperform $17
2023-04-04 main Oppenheimer — → Outperform $20
2023-03-31 main Northland Capital Markets — → Outperform $20
2023-03-13 reit Oppenheimer — → Outperform $22
2023-01-26 main Oppenheimer — → Outperform $22
News
RSS: Latest TH news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-27 LEWIS HEIDI DIANE General Counsel — 15,467 — —
2026-02-27 SCHRENK TROY C Officer — 23,375 — —
2026-02-27 DOWHANIUK BRENDAN Officer — 7,813 — —
2026-02-27 ARCHER JAMES B Chief Executive Officer — 81,887 — —
2026-02-27 VLACICH JASON PAUL Chief Financial Officer — 25,205 — —
2026-02-24 LEWIS HEIDI DIANE General Counsel — 12,458 — —
2026-02-24 SCHRENK TROY C Officer — 24,917 — —
2026-02-24 ARCHER JAMES B Chief Executive Officer — 62,292 — —
2026-02-24 VLACICH JASON PAUL Chief Financial Officer — 12,458 — —
2026-01-20 LEWIS HEIDI DIANE General Counsel — 9,000 $7.34 $66,060
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
320.63
-16.99%
386.27
-31.46%
563.61
+12.28%
501.99
Operating Revenue
320.63
-16.99%
386.27
-31.46%
563.61
+12.28%
501.99
Cost Of Revenue
277.98
+33.58%
208.09
-16.86%
250.28
-1.79%
254.86
Reconciled Cost Of Revenue
220.79
+46.29%
150.93
-16.92%
181.66
-10.08%
202.02
Gross Profit
42.66
-76.06%
178.18
-43.13%
313.32
+26.79%
247.13
Operating Expense
77.41
+11.54%
69.40
-4.57%
72.72
-0.06%
72.76
Selling General And Administration
58.51
+7.83%
54.26
-3.33%
56.13
-3.05%
57.89
Other Operating Expenses
2.69
+636.65%
-0.50
-140.45%
1.24
+3347.22%
0.04
Total Expenses
355.38
+28.07%
277.49
-14.09%
323.00
-1.41%
327.62
Operating Income
-34.75
-131.94%
108.78
-54.79%
240.61
+37.99%
174.37
Total Operating Income As Reported
-34.75
-131.94%
108.78
-54.79%
240.61
+37.99%
174.37
EBITDA
37.87
-79.84%
187.86
-43.52%
332.62
+60.50%
207.24
Normalized EBITDA
40.23
-78.51%
187.19
-42.55%
325.84
+36.35%
238.97
Reconciled Depreciation
73.39
+0.80%
72.81
-13.30%
83.98
+24.11%
67.67
EBIT
-35.52
-130.87%
115.06
-53.73%
248.65
+78.15%
139.57
Total Unusual Items
-2.37
-451.11%
0.68
-90.05%
6.78
+121.37%
-31.73
Total Unusual Items Excluding Goodwill
-2.37
-451.11%
0.68
-90.05%
6.78
+121.37%
-31.73
Special Income Charges
-2.37
0.00
+100.00%
-2.28
0.00
Other Special Charges
2.37
—
2.28
—
Restructuring And Mergern Acquisition
—
—
—
—
Net Income
-37.12
-152.09%
71.27
-58.97%
173.70
+134.92%
73.94
Pretax Income
-43.20
-146.54%
92.84
-58.69%
224.75
+111.41%
106.31
Net Non Operating Interest Income Expense
-6.09
+63.38%
-16.62
+26.59%
-22.64
+37.67%
-36.32
Interest Expense Non Operating
7.68
-65.43%
22.22
-7.02%
23.90
-28.16%
33.26
Net Interest Income
-6.09
+63.38%
-16.62
+26.59%
-22.64
+37.67%
-36.32
Interest Expense
7.68
-65.43%
22.22
-7.02%
23.90
-28.16%
33.26
Interest Income Non Operating
2.33
-65.18%
6.70
+61.83%
4.14
+167.72%
1.55
Interest Income
2.33
-65.18%
6.70
+61.83%
4.14
+167.72%
1.55
Other Income Expense
-2.37
-451.11%
0.68
-90.05%
6.78
+121.37%
-31.73
Gain On Sale Of Security
—
0.68
-92.55%
9.06
+128.56%
-31.73
Tax Provision
-6.13
-128.59%
21.43
-58.02%
51.05
+57.71%
32.37
Tax Rate For Calcs
0.00
-38.48%
0.00
+1.63%
0.00
-25.28%
0.00
Tax Effect Of Unusual Items
-0.34
-315.99%
0.16
-89.89%
1.54
+115.97%
-9.65
Net Income Including Noncontrolling Interests
-37.08
-151.92%
71.41
-58.89%
173.70
+134.92%
73.94
Net Income From Continuing Operation Net Minority Interest
-37.12
-152.09%
71.27
-58.97%
173.70
+134.92%
73.94
Net Income From Continuing And Discontinued Operation
-37.12
-152.09%
71.27
-58.97%
173.70
+134.92%
73.94
Net Income Continuous Operations
-37.08
-151.92%
71.41
-58.89%
173.70
+134.92%
73.94
Minority Interests
-0.04
+69.01%
-0.14
0.00
0.00
Normalized Income
-35.09
-149.60%
70.75
-58.00%
168.46
+75.43%
96.03
Net Income Common Stockholders
-37.12
-152.09%
71.27
-58.97%
173.70
+134.92%
73.94
Diluted EPS
-0.37
-152.86%
0.70
-55.13%
1.56
+110.81%
0.74
Basic EPS
-0.37
-152.11%
0.71
-58.48%
1.71
+125.00%
0.76
Basic Average Shares
99.52
-0.61%
100.14
-1.20%
101.35
+4.26%
97.21
Diluted Average Shares
99.52
-1.89%
101.43
-3.69%
105.32
+5.26%
100.06
Diluted NI Availto Com Stockholders
-37.12
-152.09%
71.27
-56.71%
164.64
+122.67%
73.94
Average Dilution Earnings
0.00
0.00
+100.00%
-9.06
0.00
Depreciation Amortization Depletion Income Statement
16.20
+3.59%
15.64
+1.90%
15.35
+3.50%
14.83
Depreciation And Amortization In Income Statement
16.20
+3.59%
15.64
+1.90%
15.35
+3.50%
14.83
Total Other Finance Cost
0.74
-32.97%
1.10
-61.89%
2.88
-37.44%
4.61
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
530.21
-26.95%
725.77
+4.53%
694.35
-10.03%
771.73
Current Assets
73.34
-70.59%
249.34
+38.14%
180.50
-23.64%
236.38
Cash Cash Equivalents And Short Term Investments
8.35
-95.62%
190.67
+83.46%
103.93
-42.79%
181.67
Cash And Cash Equivalents
8.35
-95.62%
190.67
+83.46%
103.93
-42.79%
181.67
Receivables
56.20
+13.90%
49.34
-26.46%
67.09
+59.16%
42.15
Accounts Receivable
56.20
+13.90%
49.34
-26.46%
67.09
+59.16%
42.15
Gross Accounts Receivable
56.43
+13.14%
49.88
-26.26%
67.64
+60.45%
42.16
Allowance For Doubtful Accounts Receivable
-0.23
+56.55%
-0.53
+2.91%
-0.55
-13650.00%
-0.00
Prepaid Assets
—
—
—
—
Other Current Assets
8.79
-5.75%
9.33
-1.61%
9.48
-24.49%
12.55
Total Non Current Assets
456.87
-4.11%
476.44
-7.28%
513.85
-4.02%
535.35
Net PPE
374.70
-1.58%
380.72
-5.62%
403.39
-3.11%
416.32
Gross PPE
905.29
+6.27%
851.85
+4.27%
816.97
+6.35%
768.22
Accumulated Depreciation
-530.58
-12.62%
-471.13
-13.92%
-413.57
-17.53%
-351.89
Properties
0.00
0.00
0.00
0.00
Land And Improvements
31.18
+1.89%
30.61
-1.62%
31.11
+9.23%
28.48
Buildings And Improvements
—
—
0.90
+17.17%
0.77
Machinery Furniture Equipment
2.40
+8.70%
2.21
+21.21%
1.82
+15.12%
1.58
Construction In Progress
21.06
+148.43%
8.48
+131.27%
3.67
-21.23%
4.65
Other Properties
849.74
+4.95%
809.65
+3.87%
779.47
+6.38%
732.73
Leases
0.91
+0.00%
0.91
+0.78%
0.90
—
Goodwill And Other Intangible Assets
80.37
-14.36%
93.84
-13.09%
107.98
-7.09%
116.22
Goodwill
41.04
+0.00%
41.04
+0.00%
41.04
+0.00%
41.04
Other Intangible Assets
39.33
-25.52%
52.81
-21.12%
66.94
-10.96%
75.18
Non Current Deferred Assets
1.79
-4.17%
1.87
-24.53%
2.48
+176.67%
0.90
Non Current Deferred Taxes Assets
—
—
—
0.00
Other Non Current Assets
—
—
—
1.91
Total Liabilities Net Minority Interest
141.15
-53.67%
304.68
-3.90%
317.05
-44.46%
570.88
Current Liabilities
84.04
-63.99%
233.40
+231.87%
70.33
-63.16%
190.90
Payables And Accrued Expenses
53.49
+56.22%
34.24
-23.91%
44.99
-0.74%
45.33
Payables
44.39
+174.25%
16.19
-22.65%
20.93
+19.15%
17.56
Accounts Payable
44.39
+174.25%
16.19
-22.65%
20.93
+19.15%
17.56
Current Accrued Expenses
9.09
-49.62%
18.05
-25.01%
24.07
-13.32%
27.77
Pensionand Other Post Retirement Benefit Plans Current
13.38
+73.07%
7.73
-19.32%
9.58
-19.29%
11.87
Current Debt And Capital Lease Obligation
7.89
-95.86%
190.74
+1335.94%
13.28
-2.70%
13.65
Current Debt
—
180.33
—
—
Other Current Borrowings
—
180.33
—
—
Current Capital Lease Obligation
7.89
-24.16%
10.41
-21.64%
13.28
-2.70%
13.65
Current Deferred Liabilities
9.28
+1227.90%
0.70
-61.04%
1.79
-98.51%
120.04
Current Deferred Revenue
9.28
+1227.90%
0.70
-61.04%
1.79
-98.51%
120.04
Other Current Liabilities
—
—
0.68
—
Total Non Current Liabilities Net Minority Interest
57.10
-19.89%
71.28
-71.11%
246.72
-35.07%
379.98
Long Term Debt And Capital Lease Obligation
2.80
-85.18%
18.91
-89.92%
187.54
-45.01%
341.04
Long Term Debt
—
—
178.09
-45.84%
328.85
Long Term Capital Lease Obligation
2.80
-85.18%
18.91
+100.11%
9.45
-22.49%
12.19
Long Term Provisions
2.69
+5.15%
2.56
+5.73%
2.42
+7.88%
2.25
Non Current Deferred Liabilities
51.60
+3.61%
49.81
-12.23%
56.75
+174.80%
20.65
Non Current Deferred Revenue
9.29
+1633.58%
0.54
-85.41%
3.67
-32.93%
5.48
Non Current Deferred Taxes Liabilities
42.31
-14.12%
49.27
-7.17%
53.07
+249.82%
15.17
Other Non Current Liabilities
—
—
—
6.31
Stockholders Equity
389.26
-7.56%
421.08
+11.60%
377.31
+87.86%
200.85
Common Stock Equity
389.26
-7.56%
421.08
+11.60%
377.31
+87.86%
200.85
Capital Stock
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Common Stock
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Share Issued
113.09
+0.75%
112.25
+1.04%
111.09
+1.22%
109.75
Ordinary Shares Number
99.80
+0.85%
98.95
-2.66%
101.66
+1.34%
100.32
Treasury Shares Number
13.30
+0.00%
13.30
+41.00%
9.43
+0.00%
9.43
Additional Paid In Capital
154.09
+3.57%
148.78
+4.50%
142.38
+2.22%
139.29
Retained Earnings
295.26
-11.17%
332.38
+27.29%
261.12
+197.79%
87.68
Gains Losses Not Affecting Retained Earnings
-2.80
-0.47%
-2.79
-5.57%
-2.64
-2.49%
-2.57
Treasury Stock
57.30
+0.00%
57.30
+143.24%
23.56
+0.00%
23.56
Minority Interest
-0.20
-2288.89%
0.01
0.00
—
Other Equity Adjustments
-2.80
-0.47%
-2.79
-5.57%
-2.64
-2.49%
-2.57
Total Equity Gross Minority Interest
389.06
-7.61%
421.09
+11.60%
377.31
+87.86%
200.85
Total Capitalization
389.26
-7.56%
421.08
-24.18%
555.40
+4.85%
529.70
Working Capital
-10.71
-167.19%
15.93
-85.54%
110.17
+142.22%
45.48
Invested Capital
389.26
-35.28%
601.41
+8.28%
555.40
+4.85%
529.70
Total Debt
10.70
-94.90%
209.65
+4.39%
200.83
-43.38%
354.69
Net Debt
—
—
74.16
-49.61%
147.18
Capital Lease Obligations
10.70
-63.52%
29.32
+28.97%
22.73
-12.03%
25.84
Net Tangible Assets
308.89
-5.61%
327.24
+21.50%
269.33
+218.25%
84.63
Tangible Book Value
308.89
-5.61%
327.24
+21.50%
269.33
+218.25%
84.63
Derivative Product Liabilities
—
—
0.00
-100.00%
9.74
Interest Payable
0.17
-97.16%
5.91
+73.19%
3.41
-64.22%
9.54
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
74.09
-51.15%
151.68
-3.27%
156.80
-48.69%
305.61
Cash Flow From Continuing Operating Activities
74.09
-51.15%
151.68
-3.27%
156.80
-48.69%
305.61
Net Income From Continuing Operations
-37.08
-151.92%
71.41
-58.89%
173.70
+134.92%
73.94
Depreciation Amortization Depletion
73.39
+0.80%
72.81
-13.30%
83.98
+24.11%
67.67
Depreciation
59.91
+0.98%
59.33
-15.88%
70.53
+29.74%
54.36
Amortization Cash Flow
13.47
+0.00%
13.47
+0.21%
13.45
+1.09%
13.30
Depreciation And Amortization
73.39
+0.80%
72.81
-13.30%
83.98
+24.11%
67.67
Amortization Of Intangibles
13.47
+0.00%
13.47
+0.21%
13.45
+1.09%
13.30
Other Non Cash Items
10.38
-24.87%
13.82
-36.03%
21.61
+32.14%
16.35
Stock Based Compensation
7.55
+3.37%
7.31
-34.62%
11.17
-41.93%
19.24
Provisionand Write Offof Assets
0.70
+173.54%
0.26
-52.76%
0.54
+33.66%
0.41
Deferred Tax
-6.96
-82.99%
-3.80
-110.03%
37.90
+26.84%
29.88
Deferred Income Tax
-6.96
-82.99%
-3.80
-110.03%
37.90
+26.84%
29.88
Operating Gains Losses
2.38
+339.02%
-1.00
+85.00%
-6.65
-121.01%
31.63
Gain Loss On Investment Securities
—
-0.68
+92.55%
-9.06
-128.56%
31.73
Gain Loss On Sale Of PPE
0.01
+104.04%
-0.32
-335.04%
0.14
+235.64%
-0.10
Change In Working Capital
23.72
+360.07%
-9.12
+94.49%
-165.46
-348.83%
66.49
Change In Receivables
-7.51
-142.68%
17.60
+168.21%
-25.80
-88.43%
-13.69
Changes In Account Receivables
-7.51
-142.68%
17.60
+168.21%
-25.80
-88.43%
-13.69
Change In Prepaid Assets
0.55
+292.09%
0.14
-95.49%
3.08
+130.46%
-10.12
Change In Payables And Accrued Expense
23.15
+270.60%
-13.57
-30.54%
-10.39
-263.15%
6.37
Change In Other Working Capital
7.54
+156.74%
-13.29
+89.96%
-132.34
-257.68%
83.93
Investing Cash Flow
-67.79
-135.04%
-28.84
+57.70%
-68.18
+51.38%
-140.23
Cash Flow From Continuing Investing Activities
-67.79
-135.04%
-28.84
+57.70%
-68.18
+51.38%
-140.23
Net PPE Purchase And Sale
-67.79
-135.04%
-28.84
+54.67%
-63.63
+54.62%
-140.23
Purchase Of PPE
-67.79
-124.14%
-30.24
+52.65%
-63.87
+54.65%
-140.84
Sale Of PPE
0.00
-100.00%
1.40
+481.74%
0.24
-60.81%
0.61
Capital Expenditure
-67.79
-124.14%
-30.24
+55.80%
-68.42
+51.42%
-140.84
Net Business Purchase And Sale
—
—
—
—
Purchase Of Business
—
—
—
—
Net Intangibles Purchase And Sale
0.00
0.00
+100.00%
-4.55
0.00
Purchase Of Intangibles
0.00
0.00
+100.00%
-4.55
0.00
Financing Cash Flow
-188.64
-423.07%
-36.06
+78.32%
-166.37
-2243.89%
-7.10
Cash Flow From Continuing Financing Activities
-188.64
-423.07%
-36.06
+78.32%
-166.37
-2243.89%
-7.10
Net Issuance Payments Of Debt
-185.60
-10850.09%
-1.70
+98.90%
-154.46
-2273.36%
-6.51
Issuance Of Debt
75.00
0.00
0.00
-100.00%
70.00
Repayment Of Debt
-260.60
-15274.87%
-1.70
+98.90%
-154.46
-101.88%
-76.51
Long Term Debt Issuance
75.00
0.00
0.00
-100.00%
70.00
Long Term Debt Payments
-260.60
-15274.87%
-1.70
+98.90%
-154.46
-101.88%
-76.51
Net Long Term Debt Issuance
-185.60
-10850.09%
-1.70
+98.90%
-154.46
-2273.36%
-6.51
Net Common Stock Issuance
0.00
+100.00%
-33.50
0.00
0.00
Common Stock Payments
0.00
+100.00%
-33.50
0.00
0.00
Repurchase Of Capital Stock
0.00
+100.00%
-33.50
0.00
0.00
Proceeds From Stock Option Exercised
0.00
-100.00%
1.85
+1734.65%
0.10
+121.54%
-0.47
Net Other Financing Charges
-3.04
-11.41%
-2.73
+77.31%
-12.01
-9827.27%
-0.12
Changes In Cash
-182.34
-310.14%
86.77
+211.60%
-77.75
-149.12%
158.29
Effect Of Exchange Rate Changes
0.02
+163.33%
-0.03
-850.00%
0.00
+121.05%
-0.02
Beginning Cash Position
190.67
+83.46%
103.93
-42.79%
181.67
+676.18%
23.41
End Cash Position
8.35
-95.62%
190.67
+83.46%
103.93
-42.79%
181.67
Free Cash Flow
6.30
-94.81%
121.43
+37.40%
88.38
-46.36%
164.77
Interest Paid Supplemental Data
12.98
-27.77%
17.98
-38.60%
29.27
-10.35%
32.65
Income Tax Paid Supplemental Data
2.82
-90.21%
28.77
+381.68%
5.97
+22.77%
4.87
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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