Target Hospitality (TH) EV to CFO (2018 - 2026)
Target Hospitality's EV to CFO came in at 11.97 for Q2 2026, up 33.3% from 8.98 a year earlier and unchanged from the prior quarter.
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Analysis
Target Hospitality (TH) EV to CFO (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Target Hospitality reported EV to CFO of 11.71, up 212.7% year-over-year; for FY2025, it came in at 10.67, up 111.6% from FY2024.
- Going back by year, EV to CFO was 5.05 in FY2024 (-10.6%), 5.65 in FY2023 (+29.0%), 4.38 in FY2022 (+34.8%) and 3.25 in FY2021 (-0.7%).
- The five-year range for quarterly EV to CFO is 2.97 (Q3 2021) to 13.05 (Q2 2022).
- Year-over-year, EV to CFO has increased for six consecutive quarters, with growth averaging 54.3% over the last eight quarters.
- The fastest year-over-year change in EV to CFO over five years came in Q2 2022 (growth of 184.3%), and the weakest in Q2 2023 (a decline of 73.9%).
- Business Quant data shows TH's EV to CFO at 11.97 (Q1 2026), 10.67 (Q4 2025) and 8.25 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Rentals | 65.51 Bn | 64.27 Bn | 1.73 Bn |
| 2 | W.W. Grainger | 62.97 Bn | 60.57 Bn | 1.98 Bn |
| 3 | Fastenal | 59.30 Bn | 58.22 Bn | 1.06 Bn |
| 4 | Ferguson Enterprises | 44.25 Bn | 41.47 Bn | 2.32 Bn |
| 5 | Sunbelt Rentals Holdings | 31.57 Bn | 31.45 Bn | 1.25 Bn |
| 6 | Reliance | 21.29 Bn | 20.32 Bn | 1.30 Bn |
| 7 | Wesco International | 16.76 Bn | 14.07 Bn | 1.46 Bn |
| 8 | Applied Industrial Technologies | 12.41 Bn | 12.28 Bn | 411.22 Mn |
| 9 | Watsco | 11.52 Bn | 9.21 Bn | 578.93 Mn |
| 10 | Target Hospitality | 1.56 Bn | 1.51 Bn | 15.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.97 |
| Mar 31, 2026 | 11.97 |
| Dec 31, 2025 | 10.67 |
| Sep 30, 2025 | 8.25 |
| Jun 30, 2025 | 8.98 |
| Mar 31, 2025 | 5.90 |
| Dec 31, 2024 | 5.05 |
| Sep 30, 2024 | 3.78 |
| Jun 30, 2024 | 4.09 |
| Mar 31, 2024 | 5.00 |
| Dec 31, 2023 | 5.65 |
| Sep 30, 2023 | 9.08 |
| Jun 30, 2023 | 3.41 |
| Mar 31, 2023 | 3.68 |
| Dec 31, 2022 | 4.38 |
| Sep 30, 2022 | 3.99 |
| Jun 30, 2022 | 13.05 |
| Mar 31, 2022 | 7.02 |
| Dec 31, 2021 | 3.25 |
| Sep 30, 2021 | 2.97 |
API Access
Target Hospitality EV to CFO 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=ev-to-cfo&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();