Target Hospitality (TH) Cash from Operations (2018 - 2026)
Target Hospitality's Cash from Operations was $103.98 million in Q2 2026, up 840.0% from $11.06 million a year earlier.
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Analysis
Target Hospitality (TH) Cash from Operations (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Target Hospitality's Cash from Operations was $170.11 million through Jun 30, 2026, up 121.0% year-over-year; for FY2025, it came in at $74.09 million, down 51.2% from FY2024.
- Cash from Operations has now declined for three consecutive years, though with a five-year compound annual growth rate of 9.6% (FY2020 to FY2025).
- In earlier years, Cash from Operations was $151.68 million in FY2024 (-3.3%), $156.8 million in FY2023 (-48.7%), $305.61 million in FY2022 (+192.2%) and $104.6 million in FY2021 (+123.6%).
- The Q2 2026 figure marks the highest quarterly Cash from Operations since Q3 2022.
- Compared with a year earlier, Cash from Operations was higher in three of the last eight quarters, with growth averaging 86.0%.
- The best year-over-year quarter for Cash from Operations over five years was Q2 2026 (growth of 840.0%); the worst was Q1 2025 (a decline of 92.2%).
- Per Business Quant data, TH's Cash from Operations in the three quarters before Q2 2026 was $7.04 million (Q1 2026), $5.74 million (Q4 2025) and $53.36 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 64.03 Bn | 62.79 Bn | 1.73 Bn | 1.79 Bn |
| 2 | W.W. Grainger | 62.74 Bn | 60.33 Bn | 1.98 Bn | 444.00 Mn |
| 3 | Fastenal | 59.10 Bn | 58.02 Bn | 1.06 Bn | 265.70 Mn |
| 4 | Ferguson Enterprises | 43.56 Bn | 40.77 Bn | 2.32 Bn | 772.00 Mn |
| 5 | Sunbelt Rentals Holdings | 30.90 Bn | 30.78 Bn | 1.25 Bn | 840.00 Mn |
| 6 | Reliance | 21.04 Bn | 20.08 Bn | 1.30 Bn | 162.20 Mn |
| 7 | Wesco International | 16.51 Bn | 13.83 Bn | 1.46 Bn | 53.70 Mn |
| 8 | Applied Industrial Technologies | 12.33 Bn | 12.20 Bn | 411.22 Mn | 165.00 Mn |
| 9 | Watsco | 11.32 Bn | 9.01 Bn | 578.93 Mn | -2.54 Mn |
| 10 | Target Hospitality | 1.53 Bn | 1.48 Bn | 15.80 Mn | 103.98 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 103.98 Mn |
| Mar 31, 2026 | 7.04 Mn |
| Dec 31, 2025 | 5.74 Mn |
| Sep 30, 2025 | 53.36 Mn |
| Jun 30, 2025 | 11.06 Mn |
| Mar 31, 2025 | 3.94 Mn |
| Dec 31, 2024 | 30.55 Mn |
| Sep 30, 2024 | 31.43 Mn |
| Jun 30, 2024 | 39.11 Mn |
| Mar 31, 2024 | 50.59 Mn |
| Dec 31, 2023 | 38.29 Mn |
| Sep 30, 2023 | 48.24 Mn |
| Jun 30, 2023 | 55.75 Mn |
| Mar 31, 2023 | 14.53 Mn |
| Dec 31, 2022 | 47.79 Mn |
| Sep 30, 2022 | 261.19 Mn |
| Jun 30, 2022 | 27.21 Mn |
| Mar 31, 2022 | -30.58 Mn |
| Dec 31, 2021 | 5.15 Mn |
| Sep 30, 2021 | 40.01 Mn |
API Access
Target Hospitality Cash from Operations 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=cash-from-operations&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();