Target Hospitality (TH) Operating Leases (2022 - 2026)
Target Hospitality's Operating Leases was $323,000 in Q2 2026, down 83.7% from $1.98 million a year earlier and down 51.7% from the prior quarter.
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Analysis
Target Hospitality (TH) Operating Leases (2022 - 2026) Analysis & Trends
At the end of FY2025, Operating Leases at Target Hospitality came in at $1.13 million, down 93.5% from FY2024.
- Operating Leases shows a three-year compound annual growth rate of -53.3% (FY2022 to FY2025).
- In earlier years, Operating Leases was $17.46 million in FY2024 (+107.2%), $8.43 million in FY2023 (-24.1%) and $11.1 million in FY2022.
- The Q2 2026 figure marks the lowest quarterly Operating Leases in data going back to Q4 2022.
- Compared with a year earlier, Operating Leases has declined for six straight quarters, with an average decline of 46.4% over the last eight quarters.
- The best year-over-year quarter for Operating Leases over five years was Q4 2024 (growth of 107.2%); the worst was Q4 2025 (a decline of 93.5%).
- Per Business Quant data, TH's Operating Leases in the three quarters before Q2 2026 was $669,000 (Q1 2026), $1.13 million (Q4 2025) and $1.64 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | United Rentals | 65.23 Bn | 64.00 Bn | 1.73 Bn |
| 2 | W.W. Grainger | 62.85 Bn | 60.45 Bn | 1.98 Bn |
| 3 | Fastenal | 59.28 Bn | 58.20 Bn | 1.06 Bn |
| 4 | Ferguson Enterprises | 43.84 Bn | 41.05 Bn | 2.32 Bn |
| 5 | Sunbelt Rentals Holdings | 31.59 Bn | 31.47 Bn | 1.25 Bn |
| 6 | Reliance | 21.35 Bn | 20.39 Bn | 1.30 Bn |
| 7 | Wesco International | 16.72 Bn | 14.04 Bn | 1.46 Bn |
| 8 | Applied Industrial Technologies | 12.38 Bn | 12.25 Bn | 411.22 Mn |
| 9 | Watsco | 11.45 Bn | 9.14 Bn | 578.93 Mn |
| 10 | Target Hospitality | 1.55 Bn | 1.50 Bn | 15.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 323,000.00 |
| Mar 31, 2026 | 669,000.00 |
| Dec 31, 2025 | 1.13 Mn |
| Sep 30, 2025 | 1.64 Mn |
| Jun 30, 2025 | 1.98 Mn |
| Mar 31, 2025 | 2.88 Mn |
| Dec 31, 2024 | 17.46 Mn |
| Sep 30, 2024 | 6.04 Mn |
| Jun 30, 2024 | 6.06 Mn |
| Mar 31, 2024 | 7.03 Mn |
| Dec 31, 2023 | 8.43 Mn |
| Sep 30, 2023 | 8.10 Mn |
| Jun 30, 2023 | 9.09 Mn |
| Mar 31, 2023 | 10.12 Mn |
| Dec 31, 2022 | 11.10 Mn |
API Access
Target Hospitality Operating Leases 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-leases&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();