Target Hospitality (TH) Intangibles (2018 - 2026)
Target Hospitality's Intangibles came in at $32.6 million for Q2 2026, down 29.2% from $46.08 million a year earlier and down 9.4% from the prior quarter.
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Analysis
Target Hospitality (TH) Intangibles (2018 - 2026) Analysis & Trends
At the end of FY2025, Target Hospitality's Intangibles was $39.33 million, down 25.5% from FY2024.
- Intangibles has declined in each of the last seven years, with a five-year compound annual growth rate of -17.5% (FY2020 to FY2025).
- Going back by year, Intangibles was $52.81 million in FY2024 (-20.3%), $66.28 million in FY2023 (-11.8%), $75.18 million in FY2022 (-15.0%) and $88.49 million in FY2021 (-14.2%).
- The Q2 2026 figure represents the lowest quarterly Intangibles in data going back to Q4 2018.
- Year-over-year, Intangibles has declined for 27 consecutive quarters, with an average decline of 23.7% over the last eight quarters.
- Over the past five years, the year-over-year decline in Intangibles ranged from 10.0% (Q1 2023) to 29.2% (Q2 2026).
- Business Quant data shows TH's Intangibles at $35.97 million (Q1 2026), $39.33 million (Q4 2025) and $42.7 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 64.18 Bn | 62.94 Bn | 1.73 Bn | 561.00 Mn |
| 2 | W.W. Grainger | 62.30 Bn | 59.90 Bn | 1.98 Bn | 272.00 Mn |
| 3 | Fastenal | 58.56 Bn | 57.48 Bn | 1.06 Bn | - |
| 4 | Ferguson Enterprises | 44.07 Bn | 41.28 Bn | 2.32 Bn | 653.00 Mn |
| 5 | Sunbelt Rentals Holdings | 31.19 Bn | 31.07 Bn | 1.25 Bn | 383.00 Mn |
| 6 | Reliance | 21.34 Bn | 20.38 Bn | 1.30 Bn | 945.00 Mn |
| 7 | Wesco International | 16.69 Bn | 14.00 Bn | 1.46 Bn | 1.72 Bn |
| 8 | Applied Industrial Technologies | 12.48 Bn | 12.35 Bn | 411.22 Mn | 312.81 Mn |
| 9 | Watsco | 11.24 Bn | 8.93 Bn | 578.93 Mn | 205.25 Mn |
| 10 | Target Hospitality | 1.54 Bn | 1.49 Bn | 15.80 Mn | 32.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.60 Mn |
| Mar 31, 2026 | 35.97 Mn |
| Dec 31, 2025 | 39.33 Mn |
| Sep 30, 2025 | 42.70 Mn |
| Jun 30, 2025 | 46.08 Mn |
| Mar 31, 2025 | 49.44 Mn |
| Dec 31, 2024 | 52.81 Mn |
| Sep 30, 2024 | 56.18 Mn |
| Jun 30, 2024 | 59.55 Mn |
| Mar 31, 2024 | 62.92 Mn |
| Dec 31, 2023 | 66.28 Mn |
| Sep 30, 2023 | 69.66 Mn |
| Jun 30, 2023 | 73.03 Mn |
| Mar 31, 2023 | 76.39 Mn |
| Dec 31, 2022 | 75.18 Mn |
| Sep 30, 2022 | 78.41 Mn |
| Jun 30, 2022 | 81.63 Mn |
| Mar 31, 2022 | 84.85 Mn |
| Dec 31, 2021 | 88.49 Mn |
| Sep 30, 2021 | 92.15 Mn |
API Access
Target Hospitality Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=intangibles&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "ticker": "TH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=intangibles&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();