Growth Metrics

Target Hospitality (TH) Gross Margin (2018 - 2025)

Target Hospitality (TH) has disclosed Gross Margin for 8 consecutive years, with 13.68% as the latest value for Q4 2025.

  • On a quarterly basis, Gross Margin fell 3057.0% to 13.68% in Q4 2025 year-over-year; TTM through Dec 2025 was 9.46%, a 3291.0% decrease, with the full-year FY2025 number at 15.52%, down 3061.0% from a year prior.
  • Gross Margin was 13.68% for Q4 2025 at Target Hospitality, down from 19.6% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 92.79% in Q3 2023 to a low of 0.53% in Q2 2025.
  • A 5-year average of 46.82% and a median of 46.96% in 2024 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: skyrocketed 6447bps in 2022, then plummeted -6998bps in 2025.
  • Target Hospitality's Gross Margin stood at 21.44% in 2021, then skyrocketed by 301bps to 85.91% in 2022, then dropped by -15bps to 73.45% in 2023, then crashed by -40bps to 44.25% in 2024, then plummeted by -69bps to 13.68% in 2025.
  • Per Business Quant, the three most recent readings for TH's Gross Margin are 13.68% (Q4 2025), 19.6% (Q3 2025), and 0.53% (Q2 2025).