Target Hospitality (TH) Free Cash Flow (2018 - 2026)
Target Hospitality (TH) posted quarterly Free Cash Flow of $6.9 million for Q1 2026, up 106.5% year-over-year from $3.3 million in Q1 2025, and down 56.91% quarter-over-quarter from $15.9 million in Q4 2025.
Target Hospitality (TH) Free Cash Flow (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Free Cash Flow for 9 consecutive years, with $6.9 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow rose 106.5% year-over-year to $6.9 million; the TTM figure through Mar 2026 stood at $75.8 million (down 27.01% YoY), while the FY2025 annual figure was $72.3 million, down 52.14% from the prior year.
- Free Cash Flow fell to $6.9 million in Q1 2026 per TH's latest filing, from $15.9 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $257.1 million in Q3 2022 and bottomed at -$30.6 million in Q1 2022.
- Historically, Free Cash Flow has averaged $39.3 million across 5 years, with a median of $32.6 million in 2024.
- On a YoY basis, Free Cash Flow climbed as much as 840.33% in 2022 and fell as far as 281.56% in 2022.
- Target Hospitality's Free Cash Flow stood at $47.3 million in 2022, then retreated by 19.25% to $38.2 million in 2023, then dropped by 14.48% to $32.6 million in 2024, then plunged by 51.19% to $15.9 million in 2025, then slumped by 56.91% to $6.9 million in 2026.
- Business Quant data shows TH's Free Cash Flow at $6.9 million in Q1 2026, $15.9 million in Q4 2025, and $42.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | 613.11 Mn |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | 503.31 Mn |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | 426.96 Mn |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | 63.60 Mn |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 4.82 Mn |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | 91.00 Mn |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | - |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | 152.47 Mn |
| 10 | Target Hospitality | 1.76 Bn | 1.76 Bn | 15.80 Mn | 85.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 85.75 Mn |
| Jun 30, 2026 | 85.75 Mn |
| Mar 31, 2026 | 6.86 Mn |
| Mar 31, 2026 | 6.86 Mn |
| Dec 31, 2025 | 15.93 Mn |
| Dec 31, 2025 | 15.93 Mn |
| Sep 30, 2025 | 41.99 Mn |
| Sep 30, 2025 | 41.99 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 | 28.92 Mn |
| Sep 30, 2024 | 28.92 Mn |
| Jun 30, 2024 | 38.98 Mn |
| Jun 30, 2024 | 38.98 Mn |
| Mar 31, 2024 | 50.46 Mn |
| Mar 31, 2024 | 50.46 Mn |