# Target Hospitality Corp. (TH)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $1.76B  
**Price:** $17.67 (+3.70%)

> Target Hospitality Corp. is a vertically integrated specialty rental and hospitality services company operating in North America. It specializes in providing comprehensive workforce housing solutions, including rental accommodation units combined with catering, food services, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce community management, concierge, and laundry services. The company serves key sectors through its primary segments: Hospitality & Facilities Services - South, focusing on natural resources and development industries in Texas and New Mexico; Government, delivering services to U.S. government contractors primarily in Texas; and other operations supporting similar clients elsewhere. Target Hospitality Corp. also caters to emerging demands in data centers, energy projects, and large-scale infrastructure via initiatives like the Target Hyper/Scale sub-brand and Data Center Communities, offering turnkey housing for specialized workforces. Founded in 1978 and headquartered in The Woodlands, Texas, it plays a vital role in supporting remote and high-demand operational environments across industrials and government-related markets.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $275M | $43M | -$35M | -$37M | $-0.37 |
| 2024 | $266M | $178M | $109M | $71M | $0.70 |
| 2023 | $366M | $313M | $241M | $174M | $1.56 |
| 2022 | $334M | $247M | $174M | $74M | $0.74 |
| 2021 | $214M | $101M | $37M | -$5M | $-0.05 |
| 2020 | $172M | $57M | $4M | -$25M | $-0.26 |
| 2019 | $261M | $147M | $48M | $12M | $0.13 |
| 2018 | $187M | $90M | $41M | $5M | — |
| 2017 | $75M | $53M | $21M | $981,000 | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $530M | $141M | $389M | $8M | — |
| 2024 | $726M | $305M | $421M | $191M | — |
| 2023 | $694M | $317M | $377M | $104M | $178M |
| 2022 | $772M | $571M | $201M | $182M | — |
| 2021 | $513M | $416M | $97M | $23M | $341M |
| 2020 | $534M | $435M | $99M | $7M | $392M |
| 2019 | $534M | $480M | $121M | $7M | $422M |
| 2018 | $565M | $216M | $349M | $12M | — |
| 2017 | $242,088 | $225,894 | $25M | $13M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $74M | — | — |
| 2024 | $152M | — | — |
| 2023 | $157M | — | — |
| 2022 | $306M | — | — |
| 2021 | $105M | — | — |
| 2020 | $47M | — | — |
| 2019 | $60M | — | — |
| 2018 | $26M | — | — |
| 2017 | $41M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/TH)