Target Hospitality (TH) EBITDA Margin (2018 - 2026)
Target Hospitality (TH) posted EBITDA Margin of 16.47% for Q2 2026, up 15.20 percentage points from 1.27% a year earlier and up 9.17 percentage points from the prior quarter.
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Analysis
Target Hospitality (TH) EBITDA Margin (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA Margin at Target Hospitality was 11.73%, down 21.02 percentage points year-over-year; for FY2025, it was 12.06%, down 34.96 percentage points from FY2024.
- Annual EBITDA Margin shows a five-year change of -18.91 percentage points (FY2020 to FY2025).
- In prior years, Target Hospitality's EBITDA Margin was 47.02% in FY2024 (-10.57 pp), 57.59% in FY2023 (+9.38 pp), 48.21% in FY2022 (+11.28 pp) and 36.94% in FY2021 (+5.98 pp).
- Quarterly EBITDA Margin has run from a low of 1.27% in Q2 2025 to a high of 61.14% in Q3 2023 over five years.
- On a year-over-year basis, EBITDA Margin increased in 1 of the last eight quarters, with an average year-over-year change of -20.18 percentage points.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q1 2023, with a gain of 20.07 percentage points; the weakest was Q2 2025, with a drop of 46.68 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was 7.30% (Q1 2026), 3.13% (Q4 2025) and 18.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 65.14 Bn | 63.90 Bn | 1.73 Bn | 28.53% |
| 2 | W.W. Grainger | 62.79 Bn | 60.39 Bn | 1.98 Bn | 17.39% |
| 3 | Fastenal | 59.12 Bn | 58.05 Bn | 1.06 Bn | 22.93% |
| 4 | Ferguson Enterprises | 44.04 Bn | 41.25 Bn | 2.32 Bn | 9.49% |
| 5 | Sunbelt Rentals Holdings | 31.39 Bn | 31.27 Bn | 1.25 Bn | 40.96% |
| 6 | Reliance | 21.24 Bn | 20.28 Bn | 1.30 Bn | 11.04% |
| 7 | Wesco International | 16.59 Bn | 13.90 Bn | 1.46 Bn | 6.68% |
| 8 | Applied Industrial Technologies | 12.36 Bn | 12.23 Bn | 411.22 Mn | 12.98% |
| 9 | Watsco | 11.44 Bn | 9.12 Bn | 578.93 Mn | 11.84% |
| 10 | Target Hospitality | 1.56 Bn | 1.51 Bn | 15.80 Mn | 16.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.72% |
| Mar 31, 2026 | 7.59% |
| Dec 31, 2025 | 3.31% |
| Sep 30, 2025 | 18.84% |
| Jun 30, 2025 | 1.51% |
| Mar 31, 2025 | 24.39% |
| Dec 31, 2024 | 46.30% |
| Sep 30, 2024 | 48.77% |
| Jun 30, 2024 | 48.38% |
| Mar 31, 2024 | 46.46% |
| Dec 31, 2023 | 52.17% |
| Sep 30, 2023 | 61.62% |
| Jun 30, 2023 | 60.77% |
| Mar 31, 2023 | 57.13% |
| Dec 31, 2022 | 56.02% |
| Sep 30, 2022 | 47.96% |
| Jun 30, 2022 | 49.63% |
| Mar 31, 2022 | 37.73% |
| Dec 31, 2021 | 39.83% |
| Sep 30, 2021 | 40.41% |
API Access
Target Hospitality EBITDA Margin 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=ebitda-margin&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();