Target Hospitality Corp.: stock overview

THNASDAQConsumer cyclical · Hotels, Rooming Houses, Camps & Other Lodging Places

Price

$11.59

November 13, 2026Market cap $1.2B

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  • The full history: 9 fiscal years, from 2017
  • The estimated fair value, with its range and its certainty
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  • More questions to the chat on its filings
  • Excel with every year
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In short

Target Hospitality had revenue of $377M over the last 12 months and a net loss of $46M. Revenue grew by 7.3% a year on average over the last 5 years. It has net debt of $228M. It pays no dividend.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$1.2B
100M shares
P/E
–
median of 3 years: 13.8
Revenue, 12 months
$377M
+7.3% a year over 5 years
Net margin
-12.2%
2025: -11.6%, above 16% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

-24.6% a year over 2 years

  • 202510-K
    Revenue$321M
  • 202410-K
    Revenue$386M
  • 202310-K
    Revenue$564M

Fiscal years in figures

TH's revenue, profit, cash flow and dividend with each year-end price, from 2017 to 2022, 6 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $960M
$1.2B
Enterprise value 
$1.4B
P/E 
–
EV / EBIT 
–
EV / Revenue 
3.7
P/B 3-year median: 2.3
3.5
FCF yield 3-year median: 15.7%
12.8%
Earnings yield 3-year median: 7.2%
–

Profitability

Gross margin 
15.7%
Operating margin 
-9.5%
Net margin 3-year median: 18.4%
-12.2%
ROIC 
-6.4%
ROIC, 5-year average 
14.8%
ROE 
-12.3%

Growth

Revenue, yearly change 
-17.0%
EPS, yearly change 
-152.9%
FCF, yearly change 
-51.4%
Revenue, average a year 
+7.3%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$3.4M
Total debt 
$236M
Of which operating leases 
$5.2M
Net debt 
$228M
Net debt / EBITDA 
6.0x
Interest cover 
–
Current ratio 
0.45

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
–
Total returned 
0.00%
Shares, yearly change 
+0.8%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 70).

Gross margin

13.3%

Above 13% of all companies (its industry has too few to compare).

Operating margin

-10.8%

Above 10% of the 25 companies in its industry, and 19% of all.

Net margin

-11.6%

Above 16% of the 29 companies in its industry, and 17% of all.

ROE

-9.5%

Above 26% of the 21 companies in its industry, and 20% of all.

ROA

-7.0%

Above 2% of the 29 companies in its industry, and 18% of all.

Revenue growth

-17.0%

Above 2% of the 29 companies in its industry, and 5% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
Target Hospitality Corp.
CIK
1712189
Exchange
NASDAQ
Industry (SIC)
7000 · Hotels, Rooming Houses, Camps & Other Lodging Places
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
100M

Other companies: Consumer cyclical

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The Consumer cyclical sectorAll companies

The full analysis

What do Target Hospitality's filings show?

These are Target Hospitality's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about TH

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What is TH's market cap?

Target Hospitality Corp.'s market cap is $1.2B, at a price of $11.59 on November 13, 2026 and 100M shares.

How much revenue does TH have?

Target Hospitality had revenue of $377M over the last 12 months. Over the last 5 years it changed by +7.3% a year on average.

Does TH pay a dividend?

No. Target Hospitality paid no regular dividend over the last 12 months.

Where do the figures come from?

From Target Hospitality Corp.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.