Growth Metrics

Target Hospitality (TH) EBITDA (2017 - 2026)

On a quarterly basis, EBITDA fell 100.96% to -$13.0 million in Q1 2026 year-over-year; TTM through Mar 2026 was -$43.6 million, a 198.16% decrease, with the full-year FY2025 number at -$37.1 million, down 152.05% from a year prior.

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

  • EBITDA reached -$13.0 million in Q1 2026 per TH's latest filing, up from -$14.9 million in the prior quarter.
  • Over the last five years, EBITDA for TH hit a ceiling of $85.4 million in Q3 2023 and a floor of -$131.8 million in Q4 2023.
  • A 5-year average of $12.4 million and a median of $18.4 million in 2024 define the central 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.
  • Tracing TH's EBITDA over 5 years: stood at $31.6 million in 2022, then plummeted by 517.74% to -$131.8 million in 2023, then surged by 109.44% to $12.4 million in 2024, then plummeted by 220.07% to -$14.9 million in 2025, then rose by 13.11% to -$13.0 million in 2026.
  • Business Quant data shows EBITDA for TH 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 Relx 81.40 Bn 81.16 Bn - 7,442.28
2 Rentokil Initial 79.56 Bn 78.10 Bn - 510.00 Mn
3 Cintas 69.26 Bn 69.08 Bn 1.45 Bn 659.90 Mn
4 Copart 33.09 Bn 28.01 Bn 971.24 Mn 388.71 Mn
5 UL Solutions 20.56 Bn 20.32 Bn 381.00 Mn 138.00 Mn
6 Global Payments 19.88 Bn 14.69 Bn 1.70 Bn -15.65 Mn
7 Rb Global 19.08 Bn 18.89 Bn 869.50 Mn 217.50 Mn
8 Aramark 13.57 Bn 13.16 Bn 426.35 Mn 219.75 Mn
9 Amentum Holdings 5.65 Bn 5.74 Bn 345.00 Mn 151.00 Mn
10 Target Hospitality 1.82 Bn 1.82 Bn 6.88 Mn -12.99 Mn

Historic Data

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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
Mar 31, 2021 -13.16 Mn
Dec 31, 2020 -9.21 Mn
Sep 30, 2020 -7.51 Mn
Jun 30, 2020 -13.62 Mn
Mar 31, 2020 5.34 Mn
Dec 31, 2019 3.07 Mn
Sep 30, 2019 15.57 Mn
Jun 30, 2019 7.72 Mn
Mar 31, 2019 -14.48 Mn
Dec 31, 2018 3.33 Mn
Sep 30, 2018 849,000.00
Jun 30, 2018 5.04 Mn
Mar 31, 2018 -5.10 Mn
Dec 31, 2017 -8,806.00