Target Hospitality (TH) EV to EBITDA (2018 - 2026)
Target Hospitality's EV to EBITDA was 49.94 in Q2 2026, up 634.6% from 6.80 a year earlier and up 48.5% from the prior quarter.
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Analysis
Target Hospitality (TH) EV to EBITDA (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Target Hospitality's EV to EBITDA was 48.85 through Jun 30, 2026; for FY2025, it came in at 20.45, up 385.4% from FY2024.
- In earlier years, EV to EBITDA was 4.21 in FY2024 (+54.5%), 2.73 in FY2023 (-50.6%), 5.52 in FY2022 (+75.1%) and 3.16 in FY2021 (+43.9%).
- The Q2 2026 figure marks the highest quarterly EV to EBITDA in data going back to Q4 2018.
- Compared with a year earlier, EV to EBITDA has increased for seven straight quarters, with growth averaging 274.1% over the last eight quarters.
- The best year-over-year quarter for EV to EBITDA over five years was Q1 2026 (growth of 710.1%); the worst was Q4 2023 (a decline of 50.7%).
- Per Business Quant data, TH's EV to EBITDA in the three quarters before Q2 2026 was 33.63 (Q1 2026), 20.40 (Q4 2025) and 10.99 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Rentals | 65.40 Bn | 64.16 Bn | 1.73 Bn |
| 2 | W.W. Grainger | 63.07 Bn | 60.67 Bn | 1.98 Bn |
| 3 | Fastenal | 59.20 Bn | 58.13 Bn | 1.06 Bn |
| 4 | Ferguson Enterprises | 44.13 Bn | 41.34 Bn | 2.32 Bn |
| 5 | Sunbelt Rentals Holdings | 31.58 Bn | 31.46 Bn | 1.25 Bn |
| 6 | Reliance | 21.32 Bn | 20.36 Bn | 1.30 Bn |
| 7 | Wesco International | 16.71 Bn | 14.03 Bn | 1.46 Bn |
| 8 | Applied Industrial Technologies | 12.36 Bn | 12.23 Bn | 411.22 Mn |
| 9 | Watsco | 11.52 Bn | 9.20 Bn | 578.93 Mn |
| 10 | Target Hospitality | 1.55 Bn | 1.50 Bn | 15.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 49.05 |
| Mar 31, 2026 | 32.83 |
| Dec 31, 2025 | 19.94 |
| Sep 30, 2025 | 10.81 |
| Jun 30, 2025 | 6.70 |
| Mar 31, 2025 | 4.10 |
| Dec 31, 2024 | 4.17 |
| Sep 30, 2024 | 2.86 |
| Jun 30, 2024 | 2.84 |
| Mar 31, 2024 | 3.29 |
| Dec 31, 2023 | 2.70 |
| Sep 30, 2023 | 4.35 |
| Jun 30, 2023 | 3.88 |
| Mar 31, 2023 | 4.29 |
| Dec 31, 2022 | 5.42 |
| Sep 30, 2022 | 5.42 |
| Jun 30, 2022 | 3.56 |
| Mar 31, 2022 | 4.50 |
| Dec 31, 2021 | 3.06 |
| Sep 30, 2021 | 3.76 |
API Access
Target Hospitality EV to EBITDA 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-ebitda&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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-ebitda&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();