Target Hospitality (TH) Operating Expenses (2017 - 2026)
On a quarterly basis, Operating Expenses rose 5.81% to $30.1 million in Q1 2026 year-over-year; TTM through Mar 2026 was $117.3 million, a 6.42% increase, with the full-year FY2025 number at $115.7 million, up 3.83% from a year prior.
Target Hospitality (TH) has 10 years of Operating Expenses data on record, last reported at $30.1 million in Q1 2026.
- Operating Expenses reached $30.1 million in Q1 2026 per TH's latest filing, down from $33.7 million in the prior quarter.
- Over the last five years, Operating Expenses for TH hit a ceiling of $33.7 million in Q4 2025 and a floor of $23.0 million in Q2 2022.
- A 5-year average of $29.0 million and a median of $28.5 million in 2025 define the central range for Operating Expenses.
- Peak YoY movement for Operating Expenses: skyrocketed 36.95% in 2023, then dropped 16.86% in 2024.
- Tracing TH's Operating Expenses over 5 years: stood at $32.2 million in 2022, then dropped by 14.31% to $27.6 million in 2023, then fell by 5.2% to $26.1 million in 2024, then grew by 28.79% to $33.7 million in 2025, then decreased by 10.52% to $30.1 million in 2026.
- Business Quant data shows Operating Expenses for TH at $30.1 million in Q1 2026, $33.7 million in Q4 2025, and $27.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | 6.06 Bn |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 788.55 Mn |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 732.96 Mn |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 243.00 Mn |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | 2.99 Bn |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 1.02 Bn |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 4.69 Bn |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 124.00 Mn |
| 10 | Target Hospitality | 1.82 Bn | 1.82 Bn | 6.88 Mn | 30.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 30.13 Mn |
| Dec 31, 2025 | 33.68 Mn |
| Sep 30, 2025 | 27.29 Mn |
| Jun 30, 2025 | 26.25 Mn |
| Mar 31, 2025 | 28.48 Mn |
| Dec 31, 2024 | 26.15 Mn |
| Sep 30, 2024 | 27.38 Mn |
| Jun 30, 2024 | 28.26 Mn |
| Mar 31, 2024 | 29.64 Mn |
| Dec 31, 2023 | 27.58 Mn |
| Sep 30, 2023 | 32.93 Mn |
| Jun 30, 2023 | 31.45 Mn |
| Mar 31, 2023 | 32.80 Mn |
| Dec 31, 2022 | 32.19 Mn |
| Sep 30, 2022 | 31.02 Mn |
| Jun 30, 2022 | 22.96 Mn |
| Mar 31, 2022 | 24.56 Mn |
| Dec 31, 2021 | 23.59 Mn |
| Sep 30, 2021 | 27.12 Mn |
| Jun 30, 2021 | 25.59 Mn |
| Mar 31, 2021 | 23.77 Mn |
| Dec 31, 2020 | 22.34 Mn |
| Sep 30, 2020 | 20.50 Mn |
| Jun 30, 2020 | 22.37 Mn |
| Mar 31, 2020 | 22.89 Mn |
| Dec 31, 2019 | 21.98 Mn |
| Sep 30, 2019 | 22.36 Mn |
| Jun 30, 2019 | 20.89 Mn |
| Mar 31, 2019 | 55.04 Mn |
| Dec 31, 2018 | 15.41 Mn |
| Sep 30, 2018 | 27.18 Mn |
| Jun 30, 2018 | 16.00 Mn |
| Mar 31, 2018 | 23.09 Mn |
| Dec 31, 2017 | 8,806.00 |