Target Hospitality (TH) Invested Capital (2018 - 2026)

Target Hospitality (TH) posted quarterly Invested Capital of $3.5 million for Q1 2026, down 7.89% quarter-over-quarter from $3.8 million in Q4 2025.

Target Hospitality (TH) Invested Capital (2018 - 2026) Analysis & Trends

Target Hospitality (TH) has reported Invested Capital for 9 consecutive years, with $3.5 million the latest figure, recorded in Q1 2026.

In Q1 2026, Invested Capital changed N/A year-over-year to $3.5 million; the TTM figure through Mar 2026 stood at $16.2 million (up 91.4% YoY), while the FY2025 annual figure was $3.8 million, up 15.15% from the prior year.
Invested Capital slipped to $3.5 million in Q1 2026 per TH's latest filing, from $3.8 million in the prior quarter.
Across five years, Invested Capital topped out at $340.0 million in Q1 2022 and bottomed at $2.4 million in Q2 2023.
Historically, Invested Capital has averaged $110.9 million across 5 years, with a median of $4.0 million in 2025.
Annual changes were most pronounced in 2022 — Invested Capital jumped 56566.67% — and 2023, when it plunged 99.29%.
Target Hospitality's Invested Capital stood at $334.5 million in 2022, then slumped by 45.76% to $181.4 million in 2023, then sank by 98.18% to $3.3 million in 2024, then gained by 15.15% to $3.8 million in 2025, then slipped by 7.89% to $3.5 million in 2026.
Business Quant data shows TH's Invested Capital at $3.5 million in Q1 2026, $3.8 million in Q4 2025, and $4.2 million in Q3 2025.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Invested Cap. (Qtr)
1	Cintas	81.84 Bn	81.56 Bn	1.48 Bn	998.99 Mn
2	Relx	65.92 Bn	65.74 Bn	-	9.67 Bn
3	Copart	31.68 Bn	28.33 Bn	732.88 Mn	-
4	Global Payments	25.34 Bn	19.93 Bn	2.03 Bn	1.14 Bn
5	Rb Global	16.15 Bn	15.62 Bn	935.50 Mn	51.10 Mn
6	Aramark	15.72 Bn	15.22 Bn	430.34 Mn	34.92 Mn
7	UL Solutions	15.16 Bn	14.72 Bn	417.00 Mn	-
8	Rentokil Initial	11.92 Bn	9.40 Bn	-	-1.94 Bn
9	Dolby Laboratories	6.14 Bn	5.47 Bn	264.68 Mn	-
10	Target Hospitality	1.79 Bn	1.78 Bn	15.80 Mn	4.70 Mn

Download Data