Growth Metrics

Target Hospitality (TH) Operating Margin (2018 - 2025)

Target Hospitality (TH) has disclosed Operating Margin for 8 consecutive years, with 17.1% as the latest value for Q4 2025.

  • On a quarterly basis, Operating Margin rose 9894.0% to 17.1% in Q4 2025 year-over-year; TTM through Dec 2025 was 2.01%, a 665.0% decrease, with the full-year FY2025 number at 3.3%, down 835.0% from a year prior.
  • Operating Margin was 17.1% for Q4 2025 at Target Hospitality, up from 0.08% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 72.42% in Q3 2023 to a low of 89.93% in Q4 2022.
  • A 5-year average of 13.75% and a median of 18.61% in 2021 define the central range for Operating Margin.
  • Peak YoY movement for Operating Margin: skyrocketed 14443bps in 2023, then tumbled -13632bps in 2024.
  • Target Hospitality's Operating Margin stood at 17.6% in 2021, then plummeted by -411bps to 89.93% in 2022, then soared by 161bps to 54.49% in 2023, then plummeted by -250bps to 81.83% in 2024, then skyrocketed by 121bps to 17.1% in 2025.
  • Per Business Quant, the three most recent readings for TH's Operating Margin are 17.1% (Q4 2025), 0.08% (Q3 2025), and 27.46% (Q2 2025).