Target Hospitality (TH) Current Leases (2018 - 2026)
Target Hospitality (TH) reported Current Leases of $2.54 million for Q2 2026, up 5.3% from $2.41 million a year earlier and up 22.0% from the prior quarter.
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Analysis
Target Hospitality (TH) Current Leases (2018 - 2026) Analysis & Trends
At the end of FY2025, Target Hospitality posted Current Leases of $2.09 million, up 12.2% from FY2024.
- Current Leases has increased for four consecutive years, though with a five-year compound annual growth rate of -10.2% (FY2020 to FY2025).
- By year, Current Leases came in at $1.86 million in FY2024 (+35.9%), $1.37 million in FY2023 (+20.6%), $1.14 million in FY2022 (+55.7%) and $729,000 in FY2021 (-79.6%).
- The Q2 2026 figure ranks as the highest quarterly Current Leases since Q4 2020.
- Year over year, Current Leases gained in seven of the last eight quarters, with growth averaging 26.2%.
- The high point for year-over-year Current Leases in five years was Q3 2022 (growth of 456.8%); the low point was Q3 2021 (a decline of 86.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $2.08 million (Q1 2026), $2.09 million (Q4 2025) and $2.22 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Leases (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 | 2.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.54 Mn |
| Mar 31, 2026 | 2.08 Mn |
| Dec 31, 2025 | 2.09 Mn |
| Sep 30, 2025 | 2.22 Mn |
| Jun 30, 2025 | 2.41 Mn |
| Mar 31, 2025 | 2.25 Mn |
| Dec 31, 2024 | 1.86 Mn |
| Sep 30, 2024 | 1.55 Mn |
| Jun 30, 2024 | 1.52 Mn |
| Mar 31, 2024 | 1.57 Mn |
| Dec 31, 2023 | 1.37 Mn |
| Sep 30, 2023 | 1.30 Mn |
| Jun 30, 2023 | 1.28 Mn |
| Mar 31, 2023 | 1.24 Mn |
| Dec 31, 2022 | 1.14 Mn |
| Sep 30, 2022 | 824,000.00 |
| Jun 30, 2022 | 832,000.00 |
| Mar 31, 2022 | 816,000.00 |
| Dec 31, 2021 | 729,000.00 |
| Sep 30, 2021 | 148,000.00 |
API Access
Target Hospitality Current Leases 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=current-leases&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "current-leases", "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=current-leases&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();