Target Hospitality (TH) Net Margin (2018 - 2026)
Target Hospitality's Net Margin was -10.57% in Q2 2026, up 13.66 percentage points from -24.24% a year earlier and up 7.18 percentage points from the prior quarter.
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Analysis
Target Hospitality (TH) Net Margin (2018 - 2026) Analysis & Trends
On a trailing twelve-month basis, Target Hospitality's Net Margin was -10.85% through Jun 30, 2026, down 14.43 percentage points year-over-year; for FY2025, it came in at -11.58%, down 30.03 percentage points from FY2024.
- Net Margin shows a five-year change of -0.42 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 18.45% in FY2024 (-12.37 pp), 30.82% in FY2023 (+16.09 pp), 14.73% in FY2022 (+16.30 pp) and -1.57% in FY2021 (+9.59 pp).
- Quarterly Net Margin has moved between -24.24% (Q2 2025) and 32.34% (Q2 2023) over five years.
- Compared with a year earlier, Net Margin was higher in 1 of the last eight quarters, with an average year-over-year change of -18.04 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q1 2022 (a gain of 31.02 percentage points); the worst was Q2 2025 (a drop of 42.49 percentage points).
- Per Business Quant data, TH's Net Margin in the three quarters before Q2 2026 was -17.75% (Q1 2026), -16.63% (Q4 2025) and -0.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 64.18 Bn | 62.94 Bn | 1.73 Bn | 17.07% |
| 2 | W.W. Grainger | 62.30 Bn | 59.90 Bn | 1.98 Bn | 11.35% |
| 3 | Fastenal | 58.56 Bn | 57.48 Bn | 1.06 Bn | 16.04% |
| 4 | Ferguson Enterprises | 44.07 Bn | 41.28 Bn | 2.32 Bn | 5.54% |
| 5 | Sunbelt Rentals Holdings | 31.19 Bn | 31.07 Bn | 1.25 Bn | 14.06% |
| 6 | Reliance | 21.34 Bn | 20.38 Bn | 1.30 Bn | 6.97% |
| 7 | Wesco International | 16.69 Bn | 14.00 Bn | 1.46 Bn | 3.14% |
| 8 | Applied Industrial Technologies | 12.48 Bn | 12.35 Bn | 411.22 Mn | 8.77% |
| 9 | Watsco | 11.24 Bn | 8.93 Bn | 578.93 Mn | 7.25% |
| 10 | Target Hospitality | 1.54 Bn | 1.49 Bn | 15.80 Mn | -10.57% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -10.57% |
| Mar 31, 2026 | -17.75% |
| Dec 31, 2025 | -16.63% |
| Sep 30, 2025 | -0.80% |
| Jun 30, 2025 | -24.24% |
| Mar 31, 2025 | -9.24% |
| Dec 31, 2024 | 14.94% |
| Sep 30, 2024 | 21.00% |
| Jun 30, 2024 | 18.25% |
| Mar 31, 2024 | 19.11% |
| Dec 31, 2023 | 29.98% |
| Sep 30, 2023 | 31.23% |
| Jun 30, 2023 | 32.34% |
| Mar 31, 2023 | 29.65% |
| Dec 31, 2022 | 20.71% |
| Sep 30, 2022 | 11.92% |
| Jun 30, 2022 | 20.84% |
| Mar 31, 2022 | 2.14% |
| Dec 31, 2021 | 3.43% |
| Sep 30, 2021 | 7.49% |
API Access
Target Hospitality Net Margin 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=net-margin&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();