Target Hospitality (TH) Cash from Operations (2018 - 2026)
Target Hospitality's (TH) quarterly Cash from Operations came in at $104.0 million in Q2 2026, up 839.97% year-over-year from $11.1 million in Q2 2025, and up 1376.99% quarter-over-quarter from $7.0 million in Q1 2026.
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Analysis
Target Hospitality (TH) Cash from Operations (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Cash from Operations for 9 consecutive years, with $104.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cash from Operations rose 839.97% year-over-year to $104.0 million in Q2 2026; TTM through Jun 2026 was $170.1 million, a 120.98% increase from a year earlier, with the FY2025 full-year figure at $74.1 million, down 51.15% from the prior year.
- Cash from Operations was $104.0 million for Q2 2026 at Target Hospitality, up from $7.0 million in the prior quarter.
- Over five years, Cash from Operations peaked at $261.2 million in Q3 2022 and troughed at -$30.6 million in Q1 2022.
- A 5-year average of $44.4 million and a median of $34.9 million in 2023 frame the typical range for Cash from Operations.
- Across the five-year window, Cash from Operations slumped 282.3% in 2022 and jumped 839.97% in 2026, its largest moves.
- Over 5 years, Cash from Operations stood at $47.8 million in 2022, then declined by 19.88% to $38.3 million in 2023, then declined by 20.21% to $30.6 million in 2024, then tumbled by 81.23% to $5.7 million in 2025, then surged by 1713.08% to $104.0 million in 2026.
- The last three Cash from Operations figures came in at $104.0 million (Q2 2026), $7.0 million (Q1 2026), and $5.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 30.16 Bn | 30.13 Bn | 1.25 Bn | 840.00 Mn |
| 2 | Herc Holdings | 4.52 Bn | 4.48 Bn | 713.00 Mn | 314.00 Mn |
| 3 | EquipmentShare.com | 3.88 Bn | 3.43 Bn | 411.00 Mn | - |
| 4 | WillScot Holdings | 3.29 Bn | 3.29 Bn | 306.26 Mn | 162.26 Mn |
| 5 | Mcgrath Rentcorp | 2.71 Bn | 2.71 Bn | 107.91 Mn | 63.33 Mn |
| 6 | Target Hospitality | 2.13 Bn | 2.12 Bn | 15.80 Mn | 103.98 Mn |
| 7 | Custom Truck One Source | 2.12 Bn | 2.11 Bn | 123.97 Mn | 44.37 Mn |
| 8 | NPK International | 1.08 Bn | 1.07 Bn | 30.16 Mn | 21.92 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();