Target Hospitality (TH) Accumulated Expenses (2018 - 2026)
Target Hospitality's Accumulated Expenses was $24.36 million in Q2 2026, up 41.9% from $17.17 million a year earlier and up 32.8% from the prior quarter.
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Analysis
Target Hospitality (TH) Accumulated Expenses (2018 - 2026) Analysis & Trends
At the end of FY2025, Accumulated Expenses at Target Hospitality came in at $22.48 million, down 12.8% from FY2024.
- Accumulated Expenses has now declined for three consecutive years, with a five-year compound annual growth rate of -1.9% (FY2020 to FY2025).
- In earlier years, Accumulated Expenses was $25.78 million in FY2024 (-23.4%), $33.65 million in FY2023 (-15.1%), $39.64 million in FY2022 (+19.7%) and $33.13 million in FY2021 (+34.1%).
- The Q2 2026 figure marks the highest quarterly Accumulated Expenses since Q4 2024.
- Compared with a year earlier, Accumulated Expenses was higher in two of the last eight quarters, with an average decline of 15.6%.
- The best year-over-year quarter for Accumulated Expenses over five years was Q1 2023 (growth of 64.3%); the worst was Q1 2025 (a decline of 51.5%).
- Per Business Quant data, TH's Accumulated Expenses in the three quarters before Q2 2026 was $18.35 million (Q1 2026), $22.48 million (Q4 2025) and $17.54 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Rentals | 64.18 Bn | 62.94 Bn | 1.73 Bn |
| 2 | W.W. Grainger | 62.30 Bn | 59.90 Bn | 1.98 Bn |
| 3 | Fastenal | 58.56 Bn | 57.48 Bn | 1.06 Bn |
| 4 | Ferguson Enterprises | 44.07 Bn | 41.28 Bn | 2.32 Bn |
| 5 | Sunbelt Rentals Holdings | 31.19 Bn | 31.07 Bn | 1.25 Bn |
| 6 | Reliance | 21.34 Bn | 20.38 Bn | 1.30 Bn |
| 7 | Wesco International | 16.69 Bn | 14.00 Bn | 1.46 Bn |
| 8 | Applied Industrial Technologies | 12.48 Bn | 12.35 Bn | 411.22 Mn |
| 9 | Watsco | 11.24 Bn | 8.93 Bn | 578.93 Mn |
| 10 | Target Hospitality | 1.54 Bn | 1.49 Bn | 15.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.36 Mn |
| Mar 31, 2026 | 18.35 Mn |
| Dec 31, 2025 | 22.48 Mn |
| Sep 30, 2025 | 17.54 Mn |
| Jun 30, 2025 | 17.17 Mn |
| Mar 31, 2025 | 17.44 Mn |
| Dec 31, 2024 | 25.78 Mn |
| Sep 30, 2024 | 22.68 Mn |
| Jun 30, 2024 | 25.76 Mn |
| Mar 31, 2024 | 35.93 Mn |
| Dec 31, 2023 | 33.65 Mn |
| Sep 30, 2023 | 31.46 Mn |
| Jun 30, 2023 | 31.93 Mn |
| Mar 31, 2023 | 29.20 Mn |
| Dec 31, 2022 | 39.64 Mn |
| Sep 30, 2022 | 27.04 Mn |
| Jun 30, 2022 | 28.51 Mn |
| Mar 31, 2022 | 17.77 Mn |
| Dec 31, 2021 | 33.13 Mn |
| Sep 30, 2021 | 21.22 Mn |
API Access
Target Hospitality Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "TH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();