Target Hospitality (TH) FCF Margin (2018 - 2026)
Target Hospitality's (TH) quarterly FCF Margin came in at 100.35% in Q2 2026, up 7958.0% year-over-year from 1.25% in Q2 2025, and up 4739.89% quarter-over-quarter from 2.07% in Q1 2026.
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Analysis
Target Hospitality (TH) FCF Margin (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has reported FCF Margin for 9 consecutive years, with 100.35% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 7958.0% year-over-year to 100.35% in Q2 2026; TTM through Jun 2026 was 41.79%, a 2602.0% increase from a year earlier, with the FY2025 full-year figure at 22.54%, down 1655.0% from the prior year.
- FCF Margin was 100.35% for Q2 2026 at Target Hospitality, up from 2.07% in the prior quarter.
- Over five years, FCF Margin peaked at 161.14% in Q3 2022 and troughed at 38.21% in Q1 2022.
- A 5-year average of 34.09% and a median of 31.14% in 2022 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin jumped 11539 bps in 2022 and sank 12866 bps in 2023, its largest moves.
- Over 5 years, FCF Margin stood at 31.0% in 2022, then decreased by 2 bps to 30.27% in 2023, then rose by 29 bps to 39.0% in 2024, then plunged by 55 bps to 17.74% in 2025, then jumped by 466 bps to 100.35% in 2026.
- The last three FCF Margin figures came in at 100.35% (Q2 2026), 2.07% (Q1 2026), and 17.74% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 30.16 Bn | 30.13 Bn | 1.25 Bn | 2.60% |
| 2 | Herc Holdings | 4.52 Bn | 4.48 Bn | 713.00 Mn | 2.41% |
| 3 | EquipmentShare.com | 3.88 Bn | 3.43 Bn | 411.00 Mn | - |
| 4 | WillScot Holdings | 3.29 Bn | 3.29 Bn | 306.26 Mn | 6.57% |
| 5 | Mcgrath Rentcorp | 2.71 Bn | 2.71 Bn | 107.91 Mn | -7.14% |
| 6 | Target Hospitality | 2.13 Bn | 2.12 Bn | 15.80 Mn | 100.35% |
| 7 | Custom Truck One Source | 2.12 Bn | 2.11 Bn | 123.97 Mn | -8.93% |
| 8 | NPK International | 1.08 Bn | 1.07 Bn | 30.16 Mn | 6.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 100.35% |
| Mar 31, 2026 | 2.07% |
| Dec 31, 2025 | 17.74% |
| Sep 30, 2025 | 42.26% |
| Jun 30, 2025 | 20.77% |
| Mar 31, 2025 | 0.63% |
| Dec 31, 2024 | 39.00% |
| Sep 30, 2024 | 31.27% |
| Jun 30, 2024 | 37.86% |
| Mar 31, 2024 | 47.30% |
| Dec 31, 2023 | 30.27% |
| Sep 30, 2023 | 32.47% |
| Jun 30, 2023 | 42.36% |
| Mar 31, 2023 | 4.93% |
| Dec 31, 2022 | 31.00% |
| Sep 30, 2022 | 161.14% |
| Jun 30, 2022 | 10.37% |
| Mar 31, 2022 | -38.21% |
| Dec 31, 2021 | 6.15% |
| Sep 30, 2021 | 45.74% |
API Access
Target Hospitality FCF 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=fcf-margin&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();