Target Hospitality (TH) Net Margin (2018 - 2026)

Target Hospitality (TH) has 9 years of Net Margin data on file, last reported at 22.99% in Q1 2026.

• On a quarterly basis, Net Margin fell 2036.0% year-over-year to 22.99% in Q1 2026; TTM through Mar 2026 was 17.67%, a 2778.0% decrease from a year earlier, with the FY2025 full-year figure at 13.51%, down 4031.0% from the prior year.
• Net Margin for Q1 2026 stood at 22.99%, up from 33.99% in the prior quarter.
• Over the last five years, Net Margin for TH reached as high as 48.75% in Q3 2023 and fell as low as 33.99% in Q4 2025.
• Historically, Net Margin has averaged 13.89% across 5 years, with a median of 20.76% in 2024.
• Across the five-year window, Net Margin surged 3963 bps in 2022 and plunged 5474 bps in 2025, its largest moves.
• Year by year, Net Margin stood at 11.87% in 2022, then jumped 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 jumped by 32 bps to 22.99% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 22.99% in Q1 2026, 33.99% in Q4 2025, and 0.87% in Q3 2025.