Target Hospitality (TH) FCF Margin (2018 - 2026)
Target Hospitality (TH) posted quarterly FCF Margin of 12.21% for Q1 2026, up 1086.0% year-over-year from 1.03% in Q1 2025, and down 66.31% quarter-over-quarter from 36.25% in Q4 2025.
Target Hospitality (TH) FCF Margin (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has reported FCF Margin for 9 consecutive years, with 12.21% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 1086.0% year-over-year to 12.21%; the TTM figure through Mar 2026 stood at 30.74% (up 711.0% YoY), while the FY2025 annual figure was 26.3%, down 3048.0% from the prior year.
- FCF Margin fell to 12.21% in Q1 2026 per TH's latest filing, from 36.25% in the prior quarter.
- Across five years, FCF Margin topped out at 249.64% in Q3 2022 and bottomed at 52.21% in Q1 2022.
- Historically, FCF Margin has averaged 42.02% across 5 years, with a median of 38.48% in 2023.
- Annual changes were most pronounced in 2022 — FCF Margin soared 18885 bps — and 2023, when it slumped 19960 bps.
- Target Hospitality's FCF Margin stood at 17.77% in 2022, then jumped by 153 bps to 45.04% in 2023, then gained by 20 bps to 54.19% in 2024, then tumbled by 33 bps to 36.25% in 2025, then plunged by 66 bps to 12.21% in 2026.
- Business Quant data shows TH's FCF Margin at 12.21% in Q1 2026, 36.25% in Q4 2025, and 45.84% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | 21.10% |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | 40.69% |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | 12.86% |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | 4.83% |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 0.10% |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | 11.15% |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | - |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | 49.99% |
| 10 | Target Hospitality | 1.76 Bn | 1.76 Bn | 15.80 Mn | 100.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 100.35% |
| Mar 31, 2026 | 12.21% |
| Dec 31, 2025 | 36.25% |
| Sep 30, 2025 | 45.84% |
| Jun 30, 2025 | 20.09% |
| Mar 31, 2025 | 1.35% |
| Dec 31, 2024 | 54.19% |
| Sep 30, 2024 | 43.95% |
| Jun 30, 2024 | 57.75% |
| Mar 31, 2024 | 69.69% |
| Dec 31, 2023 | 45.04% |
| Sep 30, 2023 | 50.04% |
| Jun 30, 2023 | 38.48% |
| Mar 31, 2023 | 9.14% |
| Dec 31, 2022 | 17.77% |
| Sep 30, 2022 | 249.64% |
| Jun 30, 2022 | 15.20% |
| Mar 31, 2022 | -52.21% |
| Dec 31, 2021 | 8.48% |
| Sep 30, 2021 | 60.79% |