Target Hospitality (TH) Free Cash Flow (2018 - 2026)
Target Hospitality (TH) posted Free Cash Flow of $98.53 million for Q2 2026, up 793.6% from $11.03 million a year earlier.
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Analysis
Target Hospitality (TH) Free Cash Flow (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Free Cash Flow at Target Hospitality was $164.39 million, up 116.6% year-over-year; for FY2025, it came in at $73.34 million, down 51.4% from FY2024.
- Annual Free Cash Flow has declined for three consecutive years, though with a five-year compound annual growth rate of 9.6% (FY2020 to FY2025).
- In prior years, Target Hospitality's Free Cash Flow was $150.99 million in FY2024 (-1.8%), $153.74 million in FY2023 (-46.1%), $285.06 million in FY2022 (+173.6%) and $104.17 million in FY2021 (+124.5%).
- The Q2 2026 figure stands as the highest quarterly Free Cash Flow since Q3 2022.
- On a year-over-year basis, Free Cash Flow increased in three of the last eight quarters, with growth averaging 83.7%.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was Q4 2022, with growth of 840.3%; the weakest was Q1 2025, with a decline of 93.4%.
- According to Business Quant data, Free Cash Flow for the three prior quarters was $6.86 million (Q1 2026), $5.68 million (Q4 2025) and $53.31 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 65.40 Bn | 64.16 Bn | 1.73 Bn | -261.00 Mn |
| 2 | W.W. Grainger | 63.07 Bn | 60.67 Bn | 1.98 Bn | 333.00 Mn |
| 3 | Fastenal | 59.20 Bn | 58.13 Bn | 1.06 Bn | 201.60 Mn |
| 4 | Ferguson Enterprises | 44.13 Bn | 41.34 Bn | 2.32 Bn | 680.00 Mn |
| 5 | Sunbelt Rentals Holdings | 31.58 Bn | 31.46 Bn | 1.25 Bn | -15.00 Mn |
| 6 | Reliance | 21.32 Bn | 20.36 Bn | 1.30 Bn | 68.80 Mn |
| 7 | Wesco International | 16.71 Bn | 14.03 Bn | 1.46 Bn | 25.50 Mn |
| 8 | Applied Industrial Technologies | 12.36 Bn | 12.23 Bn | 411.22 Mn | 159.74 Mn |
| 9 | Watsco | 11.52 Bn | 9.20 Bn | 578.93 Mn | -11.52 Mn |
| 10 | Target Hospitality | 1.55 Bn | 1.50 Bn | 15.80 Mn | 19.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.34 Mn |
| Mar 31, 2026 | -25.73 Mn |
| Dec 31, 2025 | -20.88 Mn |
| Sep 30, 2025 | 37.10 Mn |
| Jun 30, 2025 | 3.36 Mn |
| Mar 31, 2025 | -13.27 Mn |
| Dec 31, 2024 | 24.27 Mn |
| Sep 30, 2024 | 23.64 Mn |
| Jun 30, 2024 | 31.89 Mn |
| Mar 31, 2024 | 41.63 Mn |
| Dec 31, 2023 | 31.02 Mn |
| Sep 30, 2023 | 36.04 Mn |
| Jun 30, 2023 | 35.35 Mn |
| Mar 31, 2023 | -9.49 Mn |
| Dec 31, 2022 | 11.22 Mn |
| Sep 30, 2022 | 188.30 Mn |
| Jun 30, 2022 | -1.21 Mn |
| Mar 31, 2022 | -33.54 Mn |
| Dec 31, 2021 | -6.76 Mn |
| Sep 30, 2021 | 30.21 Mn |
API Access
Target Hospitality Free Cash Flow 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=free-cash-flow&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();