Target Hospitality (TH) Net Margin (2018 - 2026)
Target Hospitality's (TH) quarterly Net Margin came in at 10.57% in Q2 2026, up 1366.0% year-over-year from 0.72% in Q2 2025, and up 40.44% quarter-over-quarter from 17.75% in Q1 2026.
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Analysis
Target Hospitality (TH) Net Margin (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Net Margin for 9 consecutive years, with 10.57% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 1366.0% year-over-year to 10.57% in Q2 2026; TTM through Jun 2026 was 10.85%, a 1313.0% decrease from a year earlier, with the FY2025 full-year figure at 11.58%, down 3003.0% from the prior year.
- Net Margin was 10.57% for Q2 2026 at Target Hospitality, up from 17.75% in the prior quarter.
- Over five years, Net Margin peaked at 32.34% in Q2 2023 and troughed at 24.24% in Q2 2025.
- A 5-year average of 9.89% and a median of 16.6% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin soared 2942 bps in 2022 and tumbled 4249 bps in 2025, its largest moves.
- Over 5 years, Net Margin stood at 20.71% in 2022, then surged by 45 bps to 29.98% in 2023, then sank by 50 bps to 14.94% in 2024, then sank by 211 bps to 16.63% in 2025, then jumped by 36 bps to 10.57% in 2026.
- The last three Net Margin figures came in at 10.57% (Q2 2026), 17.75% (Q1 2026), and 16.63% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 30.16 Bn | 30.13 Bn | 1.25 Bn | 14.06% |
| 2 | Herc Holdings | 4.52 Bn | 4.48 Bn | 713.00 Mn | 1.58% |
| 3 | EquipmentShare.com | 3.88 Bn | 3.43 Bn | 411.00 Mn | 1.10% |
| 4 | WillScot Holdings | 3.29 Bn | 3.29 Bn | 306.26 Mn | 7.67% |
| 5 | Mcgrath Rentcorp | 2.71 Bn | 2.71 Bn | 107.91 Mn | 15.23% |
| 6 | Target Hospitality | 2.13 Bn | 2.12 Bn | 15.80 Mn | -10.57% |
| 7 | Custom Truck One Source | 2.12 Bn | 2.11 Bn | 123.97 Mn | 1.85% |
| 8 | NPK International | 1.08 Bn | 1.07 Bn | 30.16 Mn | 14.67% |
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 | -2.63% |
| 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 | 0.61% |
| Dec 31, 2021 | 3.43% |
| Sep 30, 2021 | 7.44% |
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();