Target Hospitality (TH) EBITDA (2017 - 2026)

Target Hospitality (TH) reported EBITDA of -$13.0 million for Q1 2026, down 100.96% year-over-year from $1.4 billion in Q1 2025, and up 13.11% quarter-over-quarter from -$14.9 million in Q4 2025.

Target Hospitality (TH) EBITDA (2017 - 2026) Analysis & Trends

Target Hospitality (TH) has 10 years of EBITDA data on file, last reported at -$13.0 million in Q1 2026.

  • EBITDA for Q1 2026 came in at -$13.0 million, down 100.96% year-over-year; the trailing twelve-month figure through Mar 2026 was -$43.6 million (down 198.16% YoY), and the FY2025 annual result was -$37.1 million, down 152.05% from the prior year.
  • EBITDA improved to -$13.0 million in Q1 2026 per TH's latest filing, from -$14.9 million in the prior quarter.
  • Over five years, EBITDA peaked at $85.4 million in Q3 2023 and troughed at -$131.8 million in Q4 2023.
  • A 5-year average of $12.4 million and a median of $18.4 million in 2024 frame the typical range for EBITDA.
  • On a YoY basis, EBITDA climbed as much as 16613.03% in 2023 and fell as far as 517.74% in 2023.
  • A 5-year view of EBITDA shows it stood at $31.6 million in 2022, then tumbled by 517.74% to -$131.8 million in 2023, then surged by 109.44% to $12.4 million in 2024, then tumbled by 220.07% to -$14.9 million in 2025, then climbed by 13.11% to -$13.0 million in 2026.
  • Business Quant data shows TH's EBITDA at -$13.0 million in Q1 2026, -$14.9 million in Q4 2025, and -$783000.0 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Cintas 70.95 Bn 70.77 Bn 1.45 Bn 659.90 Mn
2 Copart 29.43 Bn 26.09 Bn 1.08 Bn 464.28 Mn
3 Rb Global 20.04 Bn 19.85 Bn 869.50 Mn 217.50 Mn
4 UL Solutions 19.54 Bn 19.30 Bn 381.00 Mn 138.00 Mn
5 Global Payments 18.52 Bn 13.33 Bn 1.70 Bn -15.65 Mn
6 Aramark 14.28 Bn 13.87 Bn 426.35 Mn 219.75 Mn
7 Relx 11.84 Bn 11.60 Bn - -
8 Amentum Holdings 5.58 Bn 5.67 Bn 345.00 Mn 151.00 Mn
9 Dolby Laboratories 5.00 Bn 4.42 Bn 350.90 Mn 112.95 Mn
10 Target Hospitality 1.84 Bn 1.83 Bn 6.88 Mn -12.99 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -12.99 Mn
Dec 31, 2025 -14.95 Mn
Sep 30, 2025 -783,000.00
Jun 30, 2025 -14.90 Mn
Mar 31, 2025 -6.46 Mn
Dec 31, 2024 12.45 Mn
Sep 30, 2024 20.08 Mn
Jun 30, 2024 18.37 Mn
Mar 31, 2024 20.36 Mn
Dec 31, 2023 -131.85 Mn
Sep 30, 2023 85.37 Mn
Jun 30, 2023 82.75 Mn
Mar 31, 2023 79.55 Mn
Dec 31, 2022 31.56 Mn
Sep 30, 2022 18.99 Mn
Jun 30, 2022 22.80 Mn
Mar 31, 2022 476,000.00
Dec 31, 2021 2.80 Mn
Sep 30, 2021 6.66 Mn
Jun 30, 2021 -905,000.00