Target Hospitality (TH) Operating Leases (2022 - 2026)
Target Hospitality's (TH) quarterly Operating Leases came in at $323000.0 in Q2 2026, down 83.65% year-over-year from $2.0 million in Q2 2025, and down 51.72% quarter-over-quarter from $669000.0 in Q1 2026.
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Analysis
Target Hospitality (TH) Operating Leases (2022 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Operating Leases for 5 consecutive years, with $323000.0 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Leases fell 83.65% year-over-year to $323000.0 in Q2 2026; TTM through Jun 2026 was $323000.0, a 83.65% decrease from a year earlier, with the FY2025 full-year figure at $1.1 million, down 93.54% from the prior year.
- Operating Leases was $323000.0 for Q2 2026 at Target Hospitality, down from $669000.0 in the prior quarter.
- Over five years, Operating Leases peaked at $17.5 million in Q4 2024 and troughed at $323000.0 in Q2 2026.
- A 5-year average of $6.1 million and a median of $6.1 million in 2024 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases surged 107.2% in 2024 and sank 93.54% in 2025, its largest moves.
- Over 5 years, Operating Leases stood at $11.1 million in 2022, then declined by 24.12% to $8.4 million in 2023, then jumped by 107.2% to $17.5 million in 2024, then tumbled by 93.54% to $1.1 million in 2025, then tumbled by 71.37% to $323000.0 in 2026.
- The last three Operating Leases figures came in at $323000.0 (Q2 2026), $669000.0 (Q1 2026), and $1.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 30.16 Bn | 30.13 Bn | 1.25 Bn |
| 2 | Herc Holdings | 4.52 Bn | 4.48 Bn | 713.00 Mn |
| 3 | EquipmentShare.com | 3.88 Bn | 3.43 Bn | 411.00 Mn |
| 4 | WillScot Holdings | 3.29 Bn | 3.29 Bn | 306.26 Mn |
| 5 | Mcgrath Rentcorp | 2.71 Bn | 2.71 Bn | 107.91 Mn |
| 6 | Target Hospitality | 2.13 Bn | 2.12 Bn | 15.80 Mn |
| 7 | Custom Truck One Source | 2.12 Bn | 2.11 Bn | 123.97 Mn |
| 8 | NPK International | 1.08 Bn | 1.07 Bn | 30.16 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();