TH - NASDAQ

Target Hospitality Corp.

TH·NASDAQ

$16.70

-2.1%

IndustrialsSpecialty Business Services

Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. The company operates through four segments: Hospitality & Facilities Services - South, Hospitality & Facilities Services - Midwest, Government, and TCPL Keystone. It owns a network of specialty rental accommodation units with approximately 15,528 beds across 27 communities, which include 26 owned and 1 leased; and operates 1 community not owned or leased by the company. Target Hospitality Corp. also provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation, workforce community management, concierge, and laundry services. It serves the U.S. government, government contractors, investment grade natural resource development companies, and energy infrastructure companies. The company was founded in 1978 and is headquartered in The Woodlands, Texas.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$1.67B

EPS-0.3700

P/E Ratio-45.12

Earnings Date08/06/2026

530.21M

Assets

-27%

3Y-31.0%

5Y-1.0%

10Y+25.0%

141.15M

Total Liabilities

-54%

3Y-75.0%

5Y-68.0%

10Y+24.0%

389.06M

Total Equity

-8%

3Y+94.0%

5Y+293.0%

10Y+25.0%

Target Hospitality Corp. Funding & Solvency Profile

TH · NASDAQ

Current Assets

Cash & Cash Equivalents8.35M

Net Receivables56.20M

Inventory0.00

Other Current Assets8.79M

Total Current Assets73 M

Non-Current Assets

Property, Plant & Equipment42.30M

Goodwill & Intangible Assets80.37M

Long-Term Investments0.00

Other Non-Current Assets334.20M

Total Non-Current Assets376 M

Total Assets

530.21M

Financial Health Analysis

Current Ratio

0.87x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

0.36x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

-10705000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

14% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Conservative with tight liquidity: Low debt is positive, but current ratio warrants attention. Consider whether the company is efficiently deploying its equity capital.

Target Hospitality Corp. Balance Sheet

TH • NASDAQ

Target Hospitality Corp. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	8.3M	190.7M	103.9M	181.7M	23.4M	7M	6.8M	12.2M	12.5M	3.8M
Cash & Short-Term Investments	8.3M	190.7M	103.9M	181.7M	23.4M	7M	6.8M	12.2M	12.5M	3.8M
Net Receivables	56.2M	49.3M	67.1M	42.2M	28.8M	29.4M	49.4M	58.8M	18.1M	9.8M
Accounts Receivables	56.2M	49.3M	67.1M	42.2M	28.8M	28.2M	48.5M	57.1M	18.1M	9.8M
Other Receivables	0.0	0.0	0.0	0.0	0.0	1.2M	876K	1.7M	0.0	0.0
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	900K	500K	0.0
Prepaids	0.0	0.0	0.0	0.0	8.4M	7.2M	4.6M	75.8K	2M	1.2M
Other Current Assets	8.8M	9.3M	9.5M	12.6M	0.0	0.0	0.0	0.0	2.9M	117.5M
Total Current Assets	73.3M	249.3M	180.5M	236.4M	60.5M	43.6M	60.8M	75M	36.1M	132.4M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	42.3M	380.7M	403.4M	416.3M	303M	322.5M	365.2M	312.4M	199.4M	193.9M
Goodwill	41M	41M	41M	41M	41M	41M	41M	34.2M	8.1M	0.0
Intangible Assets	39.3M	52.8M	66.9M	75.2M	88.5M	103.1M	117.9M	127.4M	38.3M	28.5M
Goodwill & Intangible Assets	80.4M	93.8M	108M	116.2M	129.5M	144.2M	158.9M	161.6M	46.4M	28.5M
Long-Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	3.4M	0.0	0.0
Tax Assets	0.0	0.0	0.0	0.0	14.7M	15.2M	6.4M	12.4M	0.0	0.0
Other Non-Current Assets	334.2M	1.9M	2.5M	2.8M	5.6M	8.8M	9.4M	257K	-245.5M	69.5M
Total Non-Current Assets	456.9M	476.4M	513.9M	535.3M	452.9M	490.7M	540M	490M	242.1K	291.9M
Other Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-36.1M	0.0
Total Assets	530.2M	725.8M	694.4M	771.7M	513.4M	534.2M	600.8M	565M	242.1K	424.3M
LIABILITIES
CURRENT LIABILITIES
Total Payables	44.4M	16.2M	20.9M	17.6M	11.8M	10.6M	7.8M	21.6M	0.0	2.6M
Accounts Payable	44.4M	16.2M	20.9M	17.6M	11.8M	10.6M	7.8M	21.6M	0.0	2.6M
Accrued Expenses	0.0	18.1M	24.1M	27.8M	20.7M	18.5M	28.2M	17.5M	225.9K	3.8M
Short Term Debt	7.9M	180.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	12.3M
Capital Lease Obligations (Current)	0.0	10.4M	13.3M	13.7M	729K	3.6M	989K	2.4M	0.0	0.0
Deferred Revenue	9.3M	699K	1.8M	120M	27.1M	6.6M	16.8M	17.8M	-33.5M	0.0
Other Current Liabilities	22.5M	7.7M	10.3M	11.9M	12.5M	6.2M	7.1M	5.8M	-4.7M	21.8M
Total Current Liabilities	84M	233.4M	70.3M	190.9M	72.8M	45.5M	60.9M	65.1M	225.9K	40.4M
NON-CURRENT LIABILITIES
Long Term Debt	0.0	0.0	178.1M	328.8M	330.2M	374.5M	403.3M	20.6M	222.1M	17.6M
Deferred Revenue (Non-Current)	0.0	536K	3.7M	5.5M	7.3M	11.8M	9.4M	19.6M	0.0	0.0
Deferred Tax Liabilities (Non-Current)	42.3M	49.3M	53.1M	15.2M	0.0	0.0	0.0	2.6M	0.0	0.0
Other Non-Current Liabilities	12M	2.6M	2.4M	18.3M	5.1M	3.3M	5.7M	130.3M	-223.8M	55.7M
Total Non-Current Liabilities	57.1M	71.3M	246.7M	380M	343.3M	389.8M	419.3M	150.9M	265.8M	73.3M
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-265.8M	0.0
Capital Lease Obligations	2.8M	29.3M	22.7M	25.8M	1.4M	3.8M	2M	14K	1.7M	0.0
Total Liabilities	141.1M	304.7M	317M	570.9M	416.1M	435.3M	480.3M	216M	225.9K	113.7M
SHAREHOLDERS' EQUITY
Treasury Stock	-57.3M	-57.3M	-23.6M	-23.6M	-23.6M	-23.6M	-23.6M	0.0	0.0	0.0
Preferred Stock	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.6M	0.0
Common Stock	10K	10K	10K	10K	10K	10K	10K	928.0	863.0	274.7M
Additional Paid-In Capital	154.1M	148.8M	142.4M	139.3M	109.5M	106.6M	103.2M	320M	24.1K	0.0
Retained Earnings	295.3M	332.4M	261.1M	87.7M	13.7M	18.3M	43.5M	351.5M	-8.8K	38.2M
Accumulated Other Comprehensive Income/Loss	-2.8M	-2.8M	-2.6M	-2.6M	-2.5M	-2.4M	-2.6M	-2.5M	-1.6M	-2.2M
Total Stockholders' Equity	389.3M	421.1M	377.3M	200.8M	97.3M	98.9M	120.5M	349M	16.2K	310.6M
Total Equity	389.1M	421.1M	377.3M	200.8M	97.3M	98.9M	120.5M	349M	16.2K	310.6M
Minority Interest	-197K	9K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	530.2M	725.8M	694.4M	771.7M	513.4M	534.2M	600.8M	565M	242.1K	424.3M
Total Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	3.4M	0.0	0.0
Total Debt	10.7M	209.6M	200.8M	354.7M	331.6M	378.3M	405.2M	131.1M	252.6M	29.8M
Net Debt	2.3M	19M	96.9M	173M	308.2M	371.4M	398.5M	118.9M	240M	26M
Shares Outstanding	99,779,500	99,779,500	99,779,500	99,779,500	99,779,500	99,779,500	99,779,500	99,779,500	99,779,500	99,779,500

SEC Filings

TH - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 28, 2026	May 27, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 21, 2026	May 21, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 11, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 11, 2026	May 11, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 05, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 22, 2026	April 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 21, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 07, 2026	May 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 01, 2026	April 01, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 11, 2026	March 08, 2026	2026	View Filing

Showing 1 to 10 of 192 filings

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