Target Hospitality (TH) Gross Margin (2018 - 2026)
Target Hospitality (TH) reported Gross Margin of 29.93% for Q1 2026, up 2262.0% year-over-year from 1.27% in Q1 2025, and up 404.29% quarter-over-quarter from 5.93% in Q4 2025.
Target Hospitality (TH) Gross Margin (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has 9 years of Gross Margin data on file, last reported at 29.93% in Q1 2026.
- Gross Margin for Q1 2026 came in at 29.93%, up 2262.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 10.94% (down 2536.0% YoY), and the FY2025 annual result was 13.3%, down 5370.0% from the prior year.
- Gross Margin grew to 29.93% in Q1 2026 per TH's latest filing, from 5.93% in the prior quarter.
- Over five years, Gross Margin peaked at 92.75% in Q3 2023 and troughed at 100.98% in Q4 2024.
- A 5-year average of 29.02% and a median of 46.53% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2025: Gross Margin slumped 17261 bps in 2023, then soared 10691 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 85.91% in 2022, then plunged by 201 bps to 86.7% in 2023, then fell by 16 bps to 100.98% in 2024, then jumped by 106 bps to 5.93% in 2025, then jumped by 404 bps to 29.93% in 2026.
- Business Quant data shows TH's Gross Margin at 29.93% in Q1 2026, 5.93% in Q4 2025, and 19.6% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 70.95 Bn | 70.77 Bn | 1.45 Bn | 50.98% |
| 2 | Copart | 29.43 Bn | 26.09 Bn | 1.08 Bn | 87.04% |
| 3 | Rb Global | 20.04 Bn | 19.85 Bn | 869.50 Mn | 70.43% |
| 4 | UL Solutions | 19.54 Bn | 19.30 Bn | 381.00 Mn | 50.26% |
| 5 | Global Payments | 18.52 Bn | 13.33 Bn | 1.70 Bn | 57.11% |
| 6 | Aramark | 14.28 Bn | 13.87 Bn | 426.35 Mn | 8.69% |
| 7 | Relx | 11.84 Bn | 11.60 Bn | - | - |
| 8 | Amentum Holdings | 5.58 Bn | 5.67 Bn | 345.00 Mn | 9.92% |
| 9 | Dolby Laboratories | 5.00 Bn | 4.42 Bn | 350.90 Mn | 88.69% |
| 10 | Target Hospitality | 1.84 Bn | 1.83 Bn | 6.88 Mn | 29.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 29.93% |
| Dec 31, 2025 | 5.93% |
| Sep 30, 2025 | 19.60% |
| Jun 30, 2025 | -0.60% |
| Mar 31, 2025 | 7.30% |
| Dec 31, 2024 | -100.98% |
| Sep 30, 2024 | 47.49% |
| Jun 30, 2024 | 46.53% |
| Mar 31, 2024 | 67.78% |
| Dec 31, 2023 | -86.70% |
| Sep 30, 2023 | 92.75% |
| Jun 30, 2023 | 57.35% |
| Mar 31, 2023 | 86.43% |
| Dec 31, 2022 | 85.91% |
| Sep 30, 2022 | 51.87% |
| Jun 30, 2022 | 47.92% |
| Mar 31, 2022 | 34.75% |
| Dec 31, 2021 | 49.26% |
| Sep 30, 2021 | 50.09% |
| Jun 30, 2021 | 49.98% |