Target Hospitality (TH) Operating Expenses (2017 - 2026)
Target Hospitality (TH) posted quarterly Operating Expenses of $14.6 million for Q1 2026, down 1.68% year-over-year from $14.8 million in Q1 2025, and down 19.67% quarter-over-quarter from $18.1 million in Q4 2025.
Target Hospitality (TH) Operating Expenses (2017 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Operating Expenses for 10 consecutive years, with $14.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 1.68% year-over-year to $14.6 million; the TTM figure through Mar 2026 stood at $58.3 million (up 7.48% YoY), while the FY2025 annual figure was $58.5 million, up 7.83% from the prior year.
- Operating Expenses fell to $14.6 million in Q1 2026 per TH's latest filing, from $18.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $19.2 million in Q3 2022 and bottomed at $11.1 million in Q2 2022.
- Historically, Operating Expenses has averaged $14.2 million across 5 years, with a median of $13.5 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 49.44% — and 2023, when it decreased 23.19%.
- Target Hospitality's Operating Expenses stood at $15.9 million in 2022, then dropped by 23.19% to $12.2 million in 2023, then advanced by 3.52% to $12.6 million in 2024, then surged by 43.52% to $18.1 million in 2025, then declined by 19.67% to $14.6 million in 2026.
- Business Quant data shows TH's Operating Expenses at $14.6 million in Q1 2026, $18.1 million in Q4 2025, and $12.9 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | 792.12 Mn |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | 772.78 Mn |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | 2.98 Bn |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | 1.09 Bn |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 4.84 Bn |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | 267.00 Mn |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | - |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | 230.36 Mn |
| 10 | Target Hospitality | 1.76 Bn | 1.76 Bn | 15.80 Mn | 18.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 18.75 Mn |
| Mar 31, 2026 | 14.56 Mn |
| Dec 31, 2025 | 18.12 Mn |
| Sep 30, 2025 | 12.92 Mn |
| Jun 30, 2025 | 12.66 Mn |
| Mar 31, 2025 | 14.81 Mn |
| Dec 31, 2024 | 12.63 Mn |
| Sep 30, 2024 | 13.32 Mn |
| Jun 30, 2024 | 13.46 Mn |
| Mar 31, 2024 | 14.86 Mn |
| Dec 31, 2023 | 12.20 Mn |
| Sep 30, 2023 | 15.27 Mn |
| Jun 30, 2023 | 13.46 Mn |
| Mar 31, 2023 | 15.20 Mn |
| Dec 31, 2022 | 15.88 Mn |
| Sep 30, 2022 | 19.15 Mn |
| Jun 30, 2022 | 11.10 Mn |
| Mar 31, 2022 | 11.76 Mn |
| Dec 31, 2021 | 10.63 Mn |
| Sep 30, 2021 | 12.83 Mn |