Target Hospitality (TH) Operating Income (2018 - 2026)
Target Hospitality (TH) posted Operating Income of -$7.5 million for Q2 2026, compared with -$16.92 million a year earlier.
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Analysis
Target Hospitality (TH) Operating Income (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Income at Target Hospitality was -$38.57 million; for FY2025, it came in at -$34.75 million.
- In prior years, Target Hospitality's Operating Income was $108.78 million in FY2024 (-54.8%), $240.61 million in FY2023 (+38.0%), $174.37 million in FY2022 (+370.0%) and $37.1 million in FY2021 (+804.6%).
- Quarterly Operating Income has run from a low of -$16.92 million in Q2 2025 to a high of $67.72 million in Q3 2023 over five years.
- The strongest year-over-year quarter for Operating Income in the past five years was Q1 2023, with growth of 400.4%; the weakest was Q3 2025, with a decline of 99.8%.
- According to Business Quant data, Operating Income for the three prior quarters was -$14.32 million (Q1 2026), -$16.82 million (Q4 2025) and $69,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 59.11 Bn | 57.09 Bn | 1.98 Bn | 807.00 Mn |
| 2 | Fastenal | 57.94 Bn | 56.86 Bn | 1.06 Bn | 501.80 Mn |
| 3 | Ferguson Enterprises | 44.13 Bn | 41.35 Bn | 2.32 Bn | 612.00 Mn |
| 4 | Sunbelt Rentals Holdings | 30.69 Bn | 30.57 Bn | 1.25 Bn | 691.00 Mn |
| 5 | Reliance | 20.00 Bn | 19.04 Bn | 1.30 Bn | 441.60 Mn |
| 6 | Wesco International | 17.78 Bn | 15.09 Bn | 1.46 Bn | 382.20 Mn |
| 7 | Applied Industrial Technologies | 12.42 Bn | 12.29 Bn | 411.22 Mn | 159.31 Mn |
| 8 | Watsco | 11.14 Bn | 9.30 Bn | 578.93 Mn | 238.37 Mn |
| 9 | Avantor | 10.34 Bn | 9.14 Bn | 537.00 Mn | 121.80 Mn |
| 10 | Target Hospitality | 1.94 Bn | 1.88 Bn | 15.80 Mn | -7.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -7.50 Mn |
| Mar 31, 2026 | -14.32 Mn |
| Dec 31, 2025 | -16.82 Mn |
| Sep 30, 2025 | 69,000.00 |
| Jun 30, 2025 | -16.92 Mn |
| Mar 31, 2025 | -1.08 Mn |
| Dec 31, 2024 | 20.80 Mn |
| Sep 30, 2024 | 27.99 Mn |
| Jun 30, 2024 | 29.55 Mn |
| Mar 31, 2024 | 30.44 Mn |
| Dec 31, 2023 | 46.18 Mn |
| Sep 30, 2023 | 67.72 Mn |
| Jun 30, 2023 | 64.76 Mn |
| Mar 31, 2023 | 61.96 Mn |
| Dec 31, 2022 | 64.21 Mn |
| Sep 30, 2022 | 59.94 Mn |
| Jun 30, 2022 | 37.83 Mn |
| Mar 31, 2022 | 12.38 Mn |
| Dec 31, 2021 | 13.68 Mn |
| Sep 30, 2021 | 16.68 Mn |
API Access
Target Hospitality Operating Income 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=operating-income&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();