Target Hospitality (TH) Net Margin (2018 - 2026)
Target Hospitality (TH) posted quarterly Net Margin of 22.99% for Q1 2026, down 2036.0% year-over-year from 1.19% in Q1 2025, and up 32.36% quarter-over-quarter from 33.99% in Q4 2025.
Target Hospitality (TH) Net Margin (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Net Margin for 9 consecutive years, with 22.99% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 2036.0% year-over-year to 22.99%; the TTM figure through Mar 2026 stood at 17.67% (down 2778.0% YoY), while the FY2025 annual figure was 13.51%, down 4031.0% from the prior year.
- Net Margin grew to 22.99% in Q1 2026 per TH's latest filing, from 33.99% in the prior quarter.
- Across five years, Net Margin topped out at 48.75% in Q3 2023 and bottomed at 33.99% in Q4 2025.
- Historically, Net Margin has averaged 13.89% across 5 years, with a median of 20.76% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin jumped 3963 bps — and 2025, when it slumped 5474 bps.
- Target Hospitality's Net Margin stood at 11.87% in 2022, then surged by 276 bps to 44.66% in 2023, then tumbled by 54 bps to 20.76% in 2024, then sank by 264 bps to 33.99% in 2025, then surged by 32 bps to 22.99% in 2026.
- Business Quant data shows TH's Net Margin at 22.99% in Q1 2026, 33.99% in Q4 2025, and 0.87% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | 17.59% |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | 32.45% |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | 0.22% |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | 10.02% |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 1.93% |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | 31.13% |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | - |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | 9.57% |
| 10 | Target Hospitality | 1.76 Bn | 1.76 Bn | 15.80 Mn | -10.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -10.57% |
| Mar 31, 2026 | -22.99% |
| Dec 31, 2025 | -33.99% |
| Sep 30, 2025 | -0.87% |
| Jun 30, 2025 | -27.20% |
| Mar 31, 2025 | -2.63% |
| Dec 31, 2024 | 20.76% |
| Sep 30, 2024 | 30.39% |
| Jun 30, 2024 | 27.24% |
| Mar 31, 2024 | 28.15% |
| Dec 31, 2023 | 44.66% |
| Sep 30, 2023 | 48.75% |
| Jun 30, 2023 | 32.34% |
| Mar 31, 2023 | 29.65% |
| Dec 31, 2022 | 11.87% |
| Sep 30, 2022 | 18.47% |
| Jun 30, 2022 | 30.71% |
| Mar 31, 2022 | 0.84% |
| Dec 31, 2021 | 4.66% |
| Sep 30, 2021 | 9.89% |