TH
Target Hospitality Corp.
NasdaqCMUSDEQUITY
DELAYED
Last price
17.84
▲ 0.21 (1.19%)
MARKET · —
Price
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Open
17.78
Prev close
17.63
Day high
17.93
Day low
17.23
Volume
988.52K
Market cap
—
P/E (TTM)
—
52W range
5.97 – 20.85
Trailing performance
Returnvs SPY
1W
+2.35%
+3.7%
1M
+9.24%
+5.5%
3M
-2.03%
-5.1%
6M
+169.23%
+158.2%
YTD
+122.85%
+110.6%
1Y
+98.33%
+78.3%
3Y
+26.33%
-47.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Free account
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Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Market cap—
Enterprise value—
Revenue (TTM)—
Gross profit—
EBITDA—
Net income—
EPS (TTM)—
Free cash flow—
Total cash—
Total debt—
Book value / share—
Shares outstanding—
Float—
Short % of float—
Dividend yield—
Beta (5Y)—
Valuation & profitability ratios
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book—
EV / revenue—
EV / EBITDA—
Gross margin—
Operating margin—
Profit margin—
Return on equity—
Return on assets—
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $320.63M | $386.27M | $563.61M | $501.99M | -17.0% |
| Operating revenue | $320.63M | $386.27M | $563.61M | $501.99M | -17.0% |
| Cost of revenue | $277.98M | $208.09M | $250.28M | $254.86M | +33.6% |
| Gross profit | $42.66M | $178.18M | $313.32M | $247.13M | -76.1% |
| Selling, general & admin | $58.51M | $54.26M | $56.13M | $57.89M | +7.8% |
| Total operating expense | $77.41M | $69.40M | $72.72M | $72.76M | +11.5% |
| Operating income | -$34.75M | $108.78M | $240.61M | $174.37M | -131.9% |
| Net interest income | -$6.09M | -$16.62M | -$22.64M | -$36.32M | +63.4% |
| Pre-tax income | -$43.20M | $92.84M | $224.75M | $106.31M | -146.5% |
| Tax provision | -$6.13M | $21.43M | $51.05M | $32.37M | -128.6% |
| Net income | -$37.12M | $71.27M | $173.70M | $73.94M | -152.1% |
| Net income to common | -$37.12M | $71.27M | $173.70M | $73.94M | -152.1% |
| Basic EPS | -0.37 | 0.71 | 1.71 | 0.76 | -152.1% |
| Diluted EPS | -0.37 | 0.70 | 1.56 | 0.74 | -152.9% |
| EBIT | -$35.52M | $115.06M | $248.65M | $139.57M | -130.9% |
| EBITDA | $37.87M | $187.86M | $332.62M | $207.24M | -79.8% |
| Basic shares | 99.52M | 100.14M | 101.35M | 97.21M | -0.6% |
| Diluted shares | 99.52M | 101.43M | 105.32M | 100.06M | -1.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $8.35M | $190.67M | $103.93M | $181.67M | — | -95.6% |
| Cash & short-term investments | $8.35M | $190.67M | $103.93M | $181.67M | — | -95.6% |
| Accounts receivable | $56.20M | $49.34M | $67.09M | $42.15M | — | +13.9% |
| Total current assets | $73.34M | $249.34M | $180.50M | $236.38M | — | -70.6% |
| Property, plant & equipment | $374.70M | $380.72M | $403.39M | $416.32M | — | -1.6% |
| Goodwill & intangibles | $80.37M | $93.84M | $107.98M | $116.22M | — | -14.4% |
| Total assets | $530.21M | $725.77M | $694.35M | $771.73M | — | -26.9% |
| Total current liabilities | $84.04M | $233.40M | $70.33M | $190.90M | — | -64.0% |
| Current debt | — | $180.33M | — | — | — | — |
| Long-term debt | — | — | $178.09M | $328.85M | $330.21M | — |
| Total debt | $10.70M | $209.65M | $200.83M | $354.69M | — | -94.9% |
| Total liabilities | $141.15M | $304.68M | $317.05M | $570.88M | — | -53.7% |
| Retained earnings | $295.26M | $332.38M | $261.12M | $87.68M | — | -11.2% |
| Shareholder equity | $389.26M | $421.08M | $377.31M | $200.85M | — | -7.6% |
| Working capital | -$10.71M | $15.93M | $110.17M | $45.48M | — | -167.2% |
| Net tangible assets | $308.89M | $327.24M | $269.33M | $84.63M | — | -5.6% |
| Shares issued | 113.09M | 112.25M | 111.09M | 109.75M | — | +0.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$37.08M | $71.41M | $173.70M | $73.94M | -151.9% |
| Depreciation & amortisation | $73.39M | $72.81M | $83.98M | $67.67M | +0.8% |
| Stock-based compensation | $7.55M | $7.31M | $11.17M | $19.24M | +3.4% |
| Change in working capital | $23.72M | -$9.12M | -$165.46M | $66.49M | +360.1% |
| Operating cash flow | $74.09M | $151.68M | $156.80M | $305.61M | -51.2% |
| Capital expenditure | -$67.79M | -$30.24M | -$68.42M | -$140.84M | -124.1% |
| Investing cash flow | -$67.79M | -$28.84M | -$68.18M | -$140.23M | -135.0% |
| Share buybacks | $0 | -$33.50M | $0 | $0 | +100.0% |
| Financing cash flow | -$188.64M | -$36.06M | -$166.37M | -$7.10M | -423.1% |
| Free cash flow | $6.30M | $121.43M | $88.38M | $164.77M | -94.8% |
| End cash position | $8.35M | $190.67M | $103.93M | $181.67M | -95.6% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $72.78M | $89.78M | $99.36M | $61.61M | $69.90M | -18.9% |
| Operating revenue | $72.78M | $89.78M | $99.36M | $61.61M | $69.90M | -18.9% |
| Cost of revenue | $65.90M | $82.70M | $81.41M | $61.93M | $51.93M | -20.3% |
| Gross profit | $6.88M | $7.08M | $17.95M | -$328.00K | $17.96M | -2.8% |
| Selling, general & admin | $14.56M | $18.12M | $12.92M | $12.66M | $14.80M | -19.7% |
| Total operating expense | $21.21M | $23.90M | $17.88M | $16.59M | $19.04M | -11.3% |
| Operating income | -$14.32M | -$16.82M | $69.00K | -$16.92M | -$1.08M | +14.9% |
| Net interest income | -$892.00K | -$362.00K | -$458.00K | -$937.00K | -$4.33M | -146.4% |
| Pre-tax income | -$15.21M | -$17.18M | -$389.00K | -$17.86M | -$7.78M | +11.5% |
| Tax provision | -$2.25M | -$2.24M | $368.00K | -$2.94M | -$1.32M | -0.5% |
| Net income | -$12.92M | -$14.93M | -$795.00K | -$14.93M | -$6.46M | +13.5% |
| Net income to common | -$12.92M | -$14.93M | -$795.00K | -$14.93M | -$6.46M | +13.5% |
| Basic EPS | -0.13 | -0.15 | -0.01 | -0.15 | -0.07 | +13.3% |
| Diluted EPS | -0.13 | -0.15 | -0.01 | -0.15 | -0.07 | +13.3% |
| EBIT | -$14.52M | -$16.91M | $69.00K | -$16.86M | -$1.83M | +14.1% |
| EBITDA | $5.08M | $2.71M | $18.53M | $807.00K | $15.82M | +87.7% |
| Basic shares | 99.93M | 99.79M | 99.78M | 99.40M | 99.11M | +0.1% |
| Diluted shares | 99.93M | 99.79M | 99.78M | 99.40M | 99.11M | +0.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $5.46M | $8.35M | $30.39M | $19.24M | $34.47M | — | -34.6% |
| Cash & short-term investments | $5.46M | $8.35M | $30.39M | $19.24M | $34.47M | — | -34.6% |
| Accounts receivable | $45.63M | $56.20M | $42.73M | $57.44M | $56.95M | — | -18.8% |
| Total current assets | $58.61M | $73.34M | $79.44M | $83.05M | $99.59M | — | -20.1% |
| Property, plant & equipment | $395.46M | $374.70M | $376.55M | $361.98M | $370.73M | — | +5.5% |
| Goodwill & intangibles | $77.01M | $80.37M | $83.74M | $87.11M | $90.48M | — | -4.2% |
| Total assets | $539.54M | $530.21M | $541.15M | $533.71M | $562.52M | — | +1.8% |
| Total current liabilities | $69.23M | $84.04M | $82.42M | $56.62M | $50.51M | — | -17.6% |
| Current debt | — | — | — | — | — | $180.33M | — |
| Long-term debt | $30.00M | — | — | $24.00M | $40.90M | — | — |
| Total debt | $38.99M | $10.70M | $13.28M | $37.84M | $54.76M | — | +264.6% |
| Total liabilities | $162.92M | $141.15M | $138.91M | $132.53M | $147.25M | — | +15.4% |
| Retained earnings | $282.34M | $295.26M | $310.19M | $310.99M | $325.92M | — | -4.4% |
| Shareholder equity | $376.92M | $389.26M | $402.38M | $401.28M | $415.31M | — | -3.2% |
| Working capital | -$10.62M | -$10.71M | -$2.98M | $26.43M | $49.08M | — | +0.8% |
| Net tangible assets | $299.92M | $308.89M | $318.63M | $314.16M | $324.83M | — | -2.9% |
| Shares issued | 113.45M | 113.09M | 113.08M | 113.08M | 112.66M | — | +0.3% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$12.96M | -$14.94M | -$757.00K | -$14.92M | -$6.46M | — | +13.3% |
| Depreciation & amortisation | $19.60M | $19.61M | $18.46M | $17.67M | $17.64M | — | -0.1% |
| Stock-based compensation | $1.66M | $1.82M | $1.93M | $2.09M | $1.72M | — | -8.9% |
| Change in working capital | -$1.47M | -$872.00K | $30.34M | $6.88M | -$12.63M | — | -68.0% |
| Operating cash flow | $7.04M | $5.74M | $53.36M | $11.06M | $3.94M | — | +22.8% |
| Capital expenditure | -$32.77M | -$26.62M | -$16.26M | -$7.71M | -$17.20M | — | -23.1% |
| Investing cash flow | -$39.35M | -$26.62M | -$16.26M | -$7.71M | -$17.20M | — | -47.8% |
| Share buybacks | — | $0 | $0 | $0 | $0 | -$11.60M | — |
| Financing cash flow | $29.43M | -$1.16M | -$25.94M | -$18.61M | -$142.94M | — | +2,646.0% |
| Free cash flow | -$25.73M | -$20.88M | $37.10M | $3.36M | -$13.27M | — | -23.2% |
| End cash position | $5.46M | $8.35M | $30.39M | $19.24M | $34.47M | — | -34.6% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
Consensus—
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders—
Held by institutions—
Institutions holding—
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
17.06
+4.57% from price
SMA 20
16.28
+9.65% from price
SMA 50
17.53
+1.84% from price
SMA 100
16.67
+7.05% from price
SMA 200
12.24
+45.86% from price
EMA 12
17.05
+4.64% from price
EMA 26
16.86
+5.84% from price
EMA 50
16.81
+6.15% from price
RSI (14)
58.2
Neutral
MACD (12,26,9)
0.19
Hist 0.26
ATR (14)
0.99
5.56% of price
Realised vol 30D
53.6%
Annualised
Bollinger upper
18.38
20, 2σ
Bollinger lower
14.18
20, 2σ
50 / 200 cross
Golden
17.53 vs 12.24
Trend bias
Above 200
+45.86%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.94
Less volatile than market
Correlation to SPY
0.19
Largely independent
Realised vol 30D
53.6%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-31.9%
Peak to trough
Max drawdown 5Y
-71.9%
Peak to trough
ATR 14
0.99
5.56% of price
Beta (reported)
—
5Y monthly, from filing
Headlines
Target Hospitality Shares Rise After Deutsche Bank Upgrade
MT Newswires · 2d ago
Deutsche Bank Upgrades Target Hospitality to Buy From Hold, Maintains $22 Price Target
MT Newswires · 3d ago
1 Cash-Producing Stock for Long-Term Investors and 2 Facing Headwinds
StockStory · 4d ago
5 Must-Read Analyst Questions From Target Hospitality’s Q2 Earnings Call
StockStory · 5d ago
Target Hospitality Expected to Benefit From Rural AI Buildout, Morgan Stanley Says
MT Newswires · 5d ago
Target Hospitality (TH) Q2 2026 Earnings Call Transcript
Motley Fool · 6d ago
Morgan Stanley Initiates Target Hospitality at Overweight, With $22 Price Target
MT Newswires · 6d ago
TH Q2 Deep Dive: WHS Segment Drives Growth and Raises 2026 Outlook
StockStory · 10d ago
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