Target Hospitality (TH) Invested Capital (2018 - 2026)
Target Hospitality's (TH) quarterly Invested Capital came in at $410.1 million in Q2 2026, down 3.55% year-over-year from $425.2 million in Q2 2025, and up 0.86% quarter-over-quarter from $406.6 million in Q1 2026.
Target Hospitality (TH) Invested Capital (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Invested Capital for 9 consecutive years, with $410.1 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Invested Capital fell 3.55% year-over-year to $410.1 million in Q2 2026; TTM through Jun 2026 was $410.1 million, a 3.55% decrease from a year earlier, with the FY2025 full-year figure at $389.3 million, down 35.28% from the prior year.
- Invested Capital was $410.1 million for Q2 2026 at Target Hospitality, up from $406.6 million in the prior quarter.
- Over five years, Invested Capital peaked at $755.9 million in Q3 2023 and troughed at $389.3 million in Q4 2025.
- A 5-year average of $528.7 million and a median of $529.7 million in 2022 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital jumped 57.84% in 2023 and plunged 35.28% in 2025, its largest moves.
- Over 5 years, Invested Capital stood at $529.7 million in 2022, then advanced by 4.85% to $555.4 million in 2023, then increased by 8.29% to $601.4 million in 2024, then plunged by 35.28% to $389.3 million in 2025, then grew by 5.36% to $410.1 million in 2026.
- The last three Invested Capital figures came in at $410.1 million (Q2 2026), $406.6 million (Q1 2026), and $389.3 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 30.16 Bn | 30.13 Bn | 1.25 Bn | 16.55 Bn |
| 2 | Herc Holdings | 4.52 Bn | 4.48 Bn | 713.00 Mn | 9.81 Bn |
| 3 | EquipmentShare.com | 3.88 Bn | 3.43 Bn | 411.00 Mn | 4.85 Bn |
| 4 | WillScot Holdings | 3.29 Bn | 3.29 Bn | 306.26 Mn | 4.41 Bn |
| 5 | Mcgrath Rentcorp | 2.71 Bn | 2.71 Bn | 107.91 Mn | 1.84 Bn |
| 6 | Target Hospitality | 2.13 Bn | 2.12 Bn | 15.80 Mn | 410.11 Mn |
| 7 | Custom Truck One Source | 2.12 Bn | 2.11 Bn | 123.97 Mn | 2.48 Bn |
| 8 | NPK International | 1.08 Bn | 1.07 Bn | 30.16 Mn | 387.13 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 410.11 Mn |
| Mar 31, 2026 | 406.62 Mn |
| Dec 31, 2025 | 389.26 Mn |
| Jun 30, 2025 | 425.19 Mn |
| Mar 31, 2025 | 456.17 Mn |
| Dec 31, 2024 | 601.42 Mn |
| Sep 30, 2024 | 597.38 Mn |
| Jun 30, 2024 | 576.34 Mn |
| Mar 31, 2024 | 554.16 Mn |
| Dec 31, 2023 | 555.40 Mn |
| Sep 30, 2023 | 755.90 Mn |
| Jun 30, 2023 | 707.23 Mn |
| Mar 31, 2023 | 657.82 Mn |
| Dec 31, 2022 | 529.70 Mn |
| Sep 30, 2022 | 478.89 Mn |
| Jun 30, 2022 | 456.75 Mn |
| Mar 31, 2022 | 429.51 Mn |
| Dec 31, 2021 | 427.48 Mn |
| Sep 30, 2021 | 422.69 Mn |
| Jun 30, 2021 | 414.50 Mn |
Target Hospitality Invested Capital 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=invested-capital&ticker=TH&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();