Target Hospitality (TH) Operating Income (2017 - 2026)
Target Hospitality (TH) posted quarterly Operating Income of -$14.3 million for Q1 2026, down 1231.13% year-over-year from $1.3 million in Q1 2025, and up 14.86% quarter-over-quarter from -$16.8 million in Q4 2025.
Target Hospitality (TH) Operating Income (2017 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Operating Income for 10 consecutive years, with -$14.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Income fell 1231.13% year-over-year to -$14.3 million; the TTM figure through Mar 2026 stood at -$48.0 million (down 162.11% YoY), while the FY2025 annual figure was -$34.7 million, down 131.94% from the prior year.
- Operating Income advanced to -$14.3 million in Q1 2026 per TH's latest filing, from -$16.8 million in the prior quarter.
- Across five years, Operating Income topped out at $67.7 million in Q3 2023 and bottomed at -$16.9 million in Q2 2025.
- Historically, Operating Income has averaged $27.9 million across 5 years, with a median of $29.6 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Income jumped 401.02% — and 2026, when it tumbled 1231.13%.
- Target Hospitality's Operating Income stood at $64.2 million in 2022, then decreased by 28.09% to $46.2 million in 2023, then sank by 54.95% to $20.8 million in 2024, then sank by 180.87% to -$16.8 million in 2025, then gained by 14.86% to -$14.3 million in 2026.
- Business Quant data shows TH's Operating Income at -$14.3 million in Q1 2026, -$16.8 million in Q4 2025, and $69000.0 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | 673.04 Mn |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | - |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | 464.28 Mn |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | 337.12 Mn |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | 224.80 Mn |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 215.59 Mn |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | 150.00 Mn |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | - |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | 34.32 Mn |
| 10 | Target Hospitality | 1.76 Bn | 1.76 Bn | 15.80 Mn | -7.50 Mn |
Historic Data
Download 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 |