Target Hospitality (TH) Gross Margin (2018 - 2026)
On a quarterly basis, Gross Margin rose 2262.0% to 29.93% in Q1 2026 year-over-year; TTM through Mar 2026 was 10.94%, a 2536.0% decrease, with the full-year FY2025 number at 13.3%, down 5370.0% from a year prior.
Target Hospitality (TH) has 9 years of Gross Margin data on record, last reported at 29.93% in Q1 2026.
- Gross Margin reached 29.93% in Q1 2026 per TH's latest filing, up from 5.93% in the prior quarter.
- Over the last five years, Gross Margin for TH hit a ceiling of 92.75% in Q3 2023 and a floor of 100.98% in Q4 2024.
- A 5-year average of 29.02% and a median of 46.53% in 2024 define the central range for Gross Margin.
- Peak YoY movement for Gross Margin: tumbled -17261bps in 2023, then surged 10691bps in 2025.
- Tracing TH's Gross Margin over 5 years: stood at 85.91% in 2022, then tumbled by -201bps to 86.7% in 2023, then fell by -16bps to 100.98% in 2024, then skyrocketed by 106bps to 5.93% in 2025, then skyrocketed by 404bps to 29.93% in 2026.
- Business Quant data shows Gross Margin for TH at 29.93% in Q1 2026, 5.93% in Q4 2025, and 19.6% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 50.98% |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 86.59% |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 50.26% |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | 57.11% |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 70.43% |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 8.69% |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 9.92% |
| 10 | Target Hospitality | 1.82 Bn | 1.82 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% |
| Mar 31, 2021 | 33.81% |
| Dec 31, 2020 | 19.56% |
| Sep 30, 2020 | 33.10% |
| Jun 30, 2020 | 20.13% |
| Mar 31, 2020 | 37.89% |
| Dec 31, 2019 | 41.43% |
| Sep 30, 2019 | 47.23% |
| Jun 30, 2019 | 48.15% |
| Mar 31, 2019 | 46.05% |
| Dec 31, 2018 | 27.08% |
| Sep 30, 2018 | 462.35% |
| Jun 30, 2018 | 47.81% |
| Mar 31, 2018 | 41.67% |