Target Hospitality (TH) Asset Utilization Ratio (2018 - 2026)
Target Hospitality's (TH) quarterly Asset Utilization Ratio came in at 0.58 in Q2 2026, down 34.43% year-over-year from 0.89 in Q2 2025, and down 3.78% quarter-over-quarter from 0.6 in Q1 2026.
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Analysis
Target Hospitality (TH) Asset Utilization Ratio (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Asset Utilization Ratio for 9 consecutive years, with 0.58 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Asset Utilization Ratio fell 34.43% year-over-year to 0.58 in Q2 2026; TTM through Jun 2026 was 0.58, a 34.43% decrease from a year earlier, with the FY2025 full-year figure at 0.51, down 6.14% from the prior year.
- Asset Utilization Ratio was 0.58 for Q2 2026 at Target Hospitality, down from 0.6 in the prior quarter.
- Over five years, Asset Utilization Ratio peaked at 0.93 in Q4 2025 and troughed at 0.54 in Q4 2024.
- A 5-year average of 0.74 and a median of 0.73 in 2022 frame the typical range for Asset Utilization Ratio.
- Across the five-year window, Asset Utilization Ratio soared 72.31% in 2025 and tumbled 34.43% in 2026, its largest moves.
- Over 5 years, Asset Utilization Ratio stood at 0.67 in 2022, then increased by 21.2% to 0.81 in 2023, then slumped by 33.6% to 0.54 in 2024, then surged by 72.31% to 0.93 in 2025, then sank by 37.24% to 0.58 in 2026.
- The last three Asset Utilization Ratio figures came in at 0.58 (Q2 2026), 0.6 (Q1 2026), and 0.93 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 30.16 Bn | 30.13 Bn | 1.25 Bn | 0.50 |
| 2 | Herc Holdings | 4.52 Bn | 4.48 Bn | 713.00 Mn | 0.36 |
| 3 | EquipmentShare.com | 3.88 Bn | 3.43 Bn | 411.00 Mn | - |
| 4 | WillScot Holdings | 3.29 Bn | 3.29 Bn | 306.26 Mn | 0.39 |
| 5 | Mcgrath Rentcorp | 2.71 Bn | 2.71 Bn | 107.91 Mn | 0.38 |
| 6 | Target Hospitality | 2.13 Bn | 2.12 Bn | 15.80 Mn | 0.58 |
| 7 | Custom Truck One Source | 2.12 Bn | 2.11 Bn | 123.97 Mn | 0.57 |
| 8 | NPK International | 1.08 Bn | 1.07 Bn | 30.16 Mn | 0.68 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.58 |
| Mar 31, 2026 | 0.60 |
| Dec 31, 2025 | 0.93 |
| Sep 30, 2025 | 0.91 |
| Jun 30, 2025 | 0.89 |
| Mar 31, 2025 | 0.82 |
| Dec 31, 2024 | 0.54 |
| Sep 30, 2024 | 0.61 |
| Jun 30, 2024 | 0.69 |
| Mar 31, 2024 | 0.76 |
| Dec 31, 2023 | 0.81 |
| Sep 30, 2023 | 0.87 |
| Jun 30, 2023 | 0.92 |
| Mar 31, 2023 | 0.80 |
| Dec 31, 2022 | 0.67 |
| Sep 30, 2022 | 0.68 |
| Jun 30, 2022 | 0.69 |
| Mar 31, 2022 | 0.65 |
| Dec 31, 2021 | 0.56 |
| Sep 30, 2021 | 0.50 |
API Access
Target Hospitality Asset Utilization Ratio 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=asset-utilization-ratio&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "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=asset-utilization-ratio&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();