Growth Metrics

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

Target Hospitality (TH) has disclosed Gross Margin for 8 consecutive years, with 9.64% as the latest value for Q4 2025.

  • Quarterly Gross Margin fell 5186.0% to 9.64% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 9.01% through Dec 2025, down 4011.0% year-over-year, with the annual reading at 15.52% for FY2025, 5148.0% down from the prior year.
  • Gross Margin for Q4 2025 was 9.64% at Target Hospitality, down from 18.06% in the prior quarter.
  • The five-year high for Gross Margin was 92.75% in Q3 2023, with the low at 0.6% in Q2 2025.
  • Average Gross Margin over 5 years is 46.53%, with a median of 46.27% recorded in 2024.
  • The sharpest move saw Gross Margin skyrocketed 6443bps in 2022, then tumbled -6386bps in 2023.
  • Over 5 years, Gross Margin stood at 21.44% in 2021, then skyrocketed by 300bps to 85.87% in 2022, then plummeted by -74bps to 22.02% in 2023, then skyrocketed by 179bps to 61.5% in 2024, then tumbled by -84bps to 9.64% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 9.64%, 18.06%, and 0.6% for Q4 2025, Q3 2025, and Q2 2025 respectively.