Target Hospitality (TH) Invested Capital (2018 - 2026)
Target Hospitality's Invested Capital came in at $410.11 million for Q2 2026, down 3.5% from $425.19 million a year earlier but up 0.9% from the prior quarter.
Powered by 
Analysis
Target Hospitality (TH) Invested Capital (2018 - 2026) Analysis & Trends
For FY2024, Target Hospitality's Invested Capital was $601.42 million, up 8.3% from FY2023.
- Invested Capital has increased in each of the last four years, with a five-year compound annual growth rate of 6.3% (FY2019 to FY2024).
- Going back by year, Invested Capital was $555.4 million in FY2023 (+4.9%), $529.7 million in FY2022 (+23.9%), $427.48 million in FY2021 (+0.5%) and $425.39 million in FY2020 (-4.1%).
- The five-year range for quarterly Invested Capital is $406.62 million (Q1 2026) to $601.42 million (Q4 2024).
- Year-over-year, Invested Capital increased in two of the last six quarters, with an average decline of 6.8%.
- The fastest year-over-year change in Invested Capital over five years came in Q4 2022 (growth of 23.9%), and the weakest in Q2 2025 (a decline of 26.2%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 65.64 Bn | 64.40 Bn | 1.73 Bn | 23.45 Bn |
| 2 | W.W. Grainger | 63.03 Bn | 60.63 Bn | 1.98 Bn | 6.92 Bn |
| 3 | Fastenal | 59.55 Bn | 58.48 Bn | 1.06 Bn | 4.19 Bn |
| 4 | Ferguson Enterprises | 44.37 Bn | 41.59 Bn | 2.32 Bn | 10.00 Bn |
| 5 | Sunbelt Rentals Holdings | 31.56 Bn | 31.44 Bn | 1.25 Bn | 16.00 Bn |
| 6 | Reliance | 21.26 Bn | 20.30 Bn | 1.30 Bn | 9.08 Bn |
| 7 | Wesco International | 16.79 Bn | 14.11 Bn | 1.46 Bn | 11.16 Bn |
| 8 | Applied Industrial Technologies | 12.41 Bn | 12.29 Bn | 411.22 Mn | 2.12 Bn |
| 9 | Watsco | 11.49 Bn | 9.18 Bn | 578.93 Mn | 3.59 Bn |
| 10 | Target Hospitality | 1.55 Bn | 1.50 Bn | 15.80 Mn | 410.11 Mn |
Historic Data
Download Data
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 | 546.40 Mn |
| Jun 30, 2023 | 497.73 Mn |
| Mar 31, 2023 | 448.32 Mn |
| Dec 31, 2022 | 529.70 Mn |
| Sep 30, 2022 | 478.89 Mn |
| Jun 30, 2022 | 477.55 Mn |
| Mar 31, 2022 | 445.51 Mn |
| Dec 31, 2021 | 427.48 Mn |
| Sep 30, 2021 | 422.69 Mn |
| Jun 30, 2021 | 419.50 Mn |
API Access
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_KEYimport 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();