Target Hospitality (TH) Gross Margin (2018 - 2026)

Target Hospitality (TH) has 9 years of Gross Margin data on file, last reported at 12.25% in Q1 2026.

• On a quarterly basis, Gross Margin rose 494.0% year-over-year to 12.25% in Q1 2026; TTM through Mar 2026 was 12.8%, a 2066.0% decrease from a year earlier, with the FY2025 full-year figure at 15.52%, down 5148.0% from the prior year.
• Gross Margin for Q1 2026 stood at 12.25%, down from 16.11% in the prior quarter.
• Over the last five years, Gross Margin for TH reached as high as 92.79% in Q3 2023 and fell as low as 0.6% in Q2 2025.
• Historically, Gross Margin has averaged 48.89% across 5 years, with a median of 57.35% in 2023.
• Across the five-year window, Gross Margin jumped 4191 bps in 2023 and sank 7003 bps in 2025, its largest moves.
• Year by year, Gross Margin stood at 31.54% in 2022, then jumped by 133 bps to 73.46% in 2023, then decreased by 16 bps to 61.49% in 2024, then tumbled by 74 bps to 16.11% in 2025, then fell by 24 bps to 12.25% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 12.25% in Q1 2026, 16.11% in Q4 2025, and 19.59% in Q3 2025.