Target Hospitality (TH) EV to FCF (2019 - 2026)
Target Hospitality's (TH) quarterly EV to FCF came in at 23.74 in Q2 2026, down 56.05% year-over-year from 54.0 in Q2 2025, and down 96.12% quarter-over-quarter from 612.1 in Q1 2026.
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Analysis
Target Hospitality (TH) EV to FCF (2019 - 2026) Analysis & Trends
Target Hospitality (TH) has reported EV to FCF for 8 consecutive years, with 23.74 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to FCF fell 56.05% year-over-year to 23.74 in Q2 2026; TTM through Jun 2026 was 14.02, a 55.71% increase from a year earlier, with the FY2025 full-year figure at 10.91, up 115.75% from the prior year.
- EV to FCF was 23.74 for Q2 2026 at Target Hospitality, down from 612.1 in the prior quarter.
- Over five years, EV to FCF peaked at 612.1 in Q1 2026 and troughed at 18.76 in Q1 2022.
- A 5-year average of 86.32 and a median of 23.57 in 2024 frame the typical range for EV to FCF.
- Across the five-year window, EV to FCF tumbled 89.21% in 2024 and soared 1986.22% in 2025, its largest moves.
- Over 5 years, EV to FCF stood at 28.25 in 2022, then retreated by 18.17% to 23.12 in 2023, then grew by 1.24% to 23.4 in 2024, then jumped by 111.58% to 49.52 in 2025, then slumped by 52.07% to 23.74 in 2026.
- The last three EV to FCF figures came in at 23.74 (Q2 2026), 612.1 (Q1 2026), and 49.52 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 31.01 Bn | 30.98 Bn | 1.25 Bn |
| 2 | Herc Holdings | 4.81 Bn | 4.77 Bn | 713.00 Mn |
| 3 | EquipmentShare.com | 3.99 Bn | 3.55 Bn | 411.00 Mn |
| 4 | WillScot Holdings | 3.32 Bn | 3.32 Bn | 306.26 Mn |
| 5 | Mcgrath Rentcorp | 2.77 Bn | 2.77 Bn | 107.91 Mn |
| 6 | Custom Truck One Source | 2.19 Bn | 2.18 Bn | 123.97 Mn |
| 7 | Target Hospitality | 2.13 Bn | 2.12 Bn | 15.80 Mn |
| 8 | NPK International | 997.69 Mn | 989.34 Mn | 30.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.74 |
| Mar 31, 2026 | 612.10 |
| Dec 31, 2025 | 49.52 |
| Sep 30, 2025 | 19.43 |
| Jun 30, 2025 | 54.00 |
| Mar 31, 2025 | 398.52 |
| Dec 31, 2024 | 23.40 |
| Sep 30, 2024 | 20.25 |
| Jun 30, 2024 | 18.89 |
| Mar 31, 2024 | 19.10 |
| Dec 31, 2023 | 23.12 |
| Sep 30, 2023 | 31.85 |
| Jun 30, 2023 | 21.26 |
| Mar 31, 2023 | 177.00 |
| Dec 31, 2022 | 28.25 |
| Sep 30, 2022 | 4.09 |
| Jun 30, 2022 | 47.95 |
| Mar 31, 2022 | -18.76 |
| Dec 31, 2021 | 67.20 |
| Sep 30, 2021 | 8.56 |
API Access
Target Hospitality EV to FCF 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-fcf&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();