Target Hospitality (TH) Free Cash Flow (2018 - 2026)
On a quarterly basis, Free Cash Flow rose 106.5% to $6.9 million in Q1 2026 year-over-year; TTM through Mar 2026 was $75.8 million, a 27.01% decrease, with the full-year FY2025 number at $72.3 million, down 52.14% from a year prior.
Target Hospitality (TH) has 9 years of Free Cash Flow data on record, last reported at $6.9 million in Q1 2026.
- Free Cash Flow reached $6.9 million in Q1 2026 per TH's latest filing, up from $4.6 million in the prior quarter.
- Over the last five years, Free Cash Flow for TH hit a ceiling of $249.5 million in Q3 2022 and a floor of -$30.7 million in Q1 2022.
- A 5-year average of $39.5 million and a median of $32.6 million in 2024 define the central range for Free Cash Flow.
- On a YoY basis, Free Cash Flow climbed as much as 857.86% in 2022 and fell as far as 282.37% in 2022.
- Tracing TH's Free Cash Flow over 5 years: stood at $47.3 million in 2022, then dropped by 13.03% to $41.1 million in 2023, then fell by 20.6% to $32.6 million in 2024, then plummeted by 85.88% to $4.6 million in 2025, then surged by 48.96% to $6.9 million in 2026.
- Business Quant data shows Free Cash Flow for TH at $6.9 million in Q1 2026, $4.6 million in Q4 2025, and $53.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 530.57 Mn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 57.88 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 150.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -550.16 Mn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 172.60 Mn |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 298.98 Mn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 220.00 Mn |
| 10 | Target Hospitality | 1.82 Bn | 1.82 Bn | 6.88 Mn | 6.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.86 Mn |
| Mar 31, 2026 | 6.86 Mn |
| Dec 31, 2025 | 4.61 Mn |
| Dec 31, 2025 | 4.61 Mn |
| Sep 30, 2025 | 53.31 Mn |
| Sep 30, 2025 | 53.31 Mn |
| Jun 30, 2025 | 11.03 Mn |
| Jun 30, 2025 | 11.03 Mn |
| Mar 31, 2025 | 3.32 Mn |
| Mar 31, 2025 | 3.32 Mn |
| Dec 31, 2024 | 32.64 Mn |
| Dec 31, 2024 | 32.64 Mn |
| Sep 30, 2024 | 29.77 Mn |
| Sep 30, 2024 | 29.77 Mn |
| Jun 30, 2024 | 38.13 Mn |
| Jun 30, 2024 | 38.13 Mn |
| Mar 31, 2024 | 50.46 Mn |
| Mar 31, 2024 | 50.46 Mn |
| Dec 31, 2023 | 41.10 Mn |
| Dec 31, 2023 | 41.10 Mn |
| Sep 30, 2023 | 47.44 Mn |
| Sep 30, 2023 | 47.44 Mn |
| Jun 30, 2023 | 54.62 Mn |
| Jun 30, 2023 | 54.62 Mn |
| Mar 31, 2023 | 13.51 Mn |
| Mar 31, 2023 | 13.51 Mn |
| Dec 31, 2022 | 47.26 Mn |
| Dec 31, 2022 | 47.26 Mn |
| Sep 30, 2022 | 249.51 Mn |
| Sep 30, 2022 | 249.51 Mn |
| Jun 30, 2022 | 18.98 Mn |
| Jun 30, 2022 | 18.98 Mn |
| Mar 31, 2022 | -30.70 Mn |
| Mar 31, 2022 | -30.70 Mn |
| Dec 31, 2021 | 4.93 Mn |
| Dec 31, 2021 | 4.93 Mn |
| Sep 30, 2021 | 39.90 Mn |
| Sep 30, 2021 | 39.90 Mn |
| Jun 30, 2021 | 67.37 Mn |
| Jun 30, 2021 | 67.37 Mn |
| Mar 31, 2021 | -8.03 Mn |
| Mar 31, 2021 | -8.03 Mn |
| Dec 31, 2020 | 17.99 Mn |
| Dec 31, 2020 | 17.99 Mn |
| Sep 30, 2020 | 3.12 Mn |
| Sep 30, 2020 | 3.12 Mn |
| Jun 30, 2020 | 14.75 Mn |
| Jun 30, 2020 | 14.75 Mn |
| Mar 31, 2020 | 10.54 Mn |
| Mar 31, 2020 | 10.54 Mn |
| Dec 31, 2019 | 15.84 Mn |
| Dec 31, 2019 | 15.84 Mn |
| Sep 30, 2019 | 25.27 Mn |
| Sep 30, 2019 | 25.27 Mn |
| Jun 30, 2019 | 32.57 Mn |
| Jun 30, 2019 | 32.57 Mn |
| Mar 31, 2019 | -13.92 Mn |
| Mar 31, 2019 | -13.92 Mn |
| Dec 31, 2018 | 14.58 Mn |
| Dec 31, 2018 | 14.58 Mn |
| Sep 30, 2018 | 4.10 Mn |
| Sep 30, 2018 | 4.10 Mn |
| Jun 30, 2018 | 6.78 Mn |
| Jun 30, 2018 | 6.78 Mn |
| Mar 31, 2018 | -201,000.00 |
| Mar 31, 2018 | -201,000.00 |