Target Hospitality (TH) Asset Utilization Ratio (2018 - 2026)
Target Hospitality's (TH) Asset Utilization Ratio came in at 0.58 for Q2 2026, up 2.8% from 0.57 a year earlier but down 3.8% from the prior quarter.
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Analysis
Target Hospitality (TH) Asset Utilization Ratio (2018 - 2026) Analysis & Trends
For FY2025, Target Hospitality's Asset Utilization Ratio stood at 0.51, down 6.1% from FY2024.
- Annual Asset Utilization Ratio has declined for three consecutive years.
- In prior years, Target Hospitality's Asset Utilization Ratio was 0.54 in FY2024 (-29.2%), 0.77 in FY2023 (-1.6%), 0.78 in FY2022 (+40.5%) and 0.56 in FY2021 (+32.0%).
- Quarterly Asset Utilization Ratio has run from a low of 0.50 in Q3 2021 to a high of 0.92 in Q2 2023 over five years.
- On a year-over-year basis, Asset Utilization Ratio has increased in each of the last three quarters, with an average decline of 11.0% over the last eight quarters.
- The strongest year-over-year quarter for Asset Utilization Ratio in the past five years was Q1 2022, with growth of 72.2%; the weakest was Q4 2024, with a decline of 33.6%.
- According to Business Quant data, Asset Utilization Ratio for the three prior quarters was 0.60 (Q1 2026), 0.60 (Q4 2025) and 0.59 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 65.40 Bn | 64.16 Bn | 1.73 Bn | 0.55 |
| 2 | W.W. Grainger | 63.07 Bn | 60.67 Bn | 1.98 Bn | 1.97 |
| 3 | Fastenal | 59.20 Bn | 58.13 Bn | 1.06 Bn | 1.67 |
| 4 | Ferguson Enterprises | 44.13 Bn | 41.34 Bn | 2.32 Bn | 1.77 |
| 5 | Sunbelt Rentals Holdings | 31.58 Bn | 31.46 Bn | 1.25 Bn | 0.50 |
| 6 | Reliance | 21.32 Bn | 20.36 Bn | 1.30 Bn | 1.44 |
| 7 | Wesco International | 16.71 Bn | 14.03 Bn | 1.46 Bn | 1.44 |
| 8 | Applied Industrial Technologies | 12.36 Bn | 12.23 Bn | 411.22 Mn | 1.66 |
| 9 | Watsco | 11.52 Bn | 9.20 Bn | 578.93 Mn | 1.50 |
| 10 | Target Hospitality | 1.55 Bn | 1.50 Bn | 15.80 Mn | 0.58 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.58 |
| Mar 31, 2026 | 0.60 |
| Dec 31, 2025 | 0.60 |
| Sep 30, 2025 | 0.59 |
| Jun 30, 2025 | 0.57 |
| Mar 31, 2025 | 0.54 |
| 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();