Target Hospitality (TH) Operating Margin (2018 - 2026)
Target Hospitality (TH) reported Operating Margin of 62.27% for Q1 2026, down 6184.0% year-over-year from 1.02% in Q1 2025, and down 341.51% quarter-over-quarter from 14.1% in Q4 2025.
Target Hospitality (TH) Operating Margin (2018 - 2026) Analysis & Trends
Target Hospitality (TH) has 9 years of Operating Margin data on file, last reported at 62.27% in Q1 2026.
- Operating Margin for Q1 2026 came in at 62.27%, down 6184.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 16.62% (down 3569.0% YoY), and the FY2025 annual result was 10.84%, down 5175.0% from the prior year.
- Operating Margin eased to 62.27% in Q1 2026 per TH's latest filing, from 14.1% in the prior quarter.
- Over five years, Operating Margin peaked at 205.09% in Q4 2023 and troughed at 62.27% in Q1 2026.
- A 5-year average of 28.1% and a median of 29.41% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2024: Operating Margin jumped 13934 bps in 2023, then slumped 26182 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 65.75% in 2022, then jumped by 212 bps to 205.09% in 2023, then tumbled by 128 bps to 56.72% in 2024, then soared by 75 bps to 14.1% in 2025, then plunged by 342 bps to 62.27% in 2026.
- Business Quant data shows TH's Operating Margin at 62.27% in Q1 2026, 14.1% in Q4 2025, and 0.08% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 70.95 Bn | 70.77 Bn | 1.45 Bn | 23.22% |
| 2 | Copart | 29.43 Bn | 26.09 Bn | 1.08 Bn | 37.53% |
| 3 | Rb Global | 20.04 Bn | 19.85 Bn | 869.50 Mn | 17.62% |
| 4 | UL Solutions | 19.54 Bn | 19.30 Bn | 381.00 Mn | 18.21% |
| 5 | Global Payments | 18.52 Bn | 13.33 Bn | 1.70 Bn | -0.53% |
| 6 | Aramark | 14.28 Bn | 13.87 Bn | 426.35 Mn | 4.48% |
| 7 | Relx | 11.84 Bn | 11.60 Bn | - | - |
| 8 | Amentum Holdings | 5.58 Bn | 5.67 Bn | 345.00 Mn | 4.34% |
| 9 | Dolby Laboratories | 5.00 Bn | 4.42 Bn | 350.90 Mn | 28.55% |
| 10 | Target Hospitality | 1.84 Bn | 1.83 Bn | 6.88 Mn | -62.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -62.27% |
| Dec 31, 2025 | -14.10% |
| Sep 30, 2025 | 0.08% |
| Jun 30, 2025 | -30.82% |
| Mar 31, 2025 | -0.44% |
| Dec 31, 2024 | -56.72% |
| Sep 30, 2024 | 29.41% |
| Jun 30, 2024 | 29.34% |
| Mar 31, 2024 | 42.04% |
| Dec 31, 2023 | 205.09% |
| Sep 30, 2023 | 72.39% |
| Jun 30, 2023 | 45.09% |
| Mar 31, 2023 | 65.33% |
| Dec 31, 2022 | 65.75% |
| Sep 30, 2022 | 37.57% |
| Jun 30, 2022 | 34.50% |
| Mar 31, 2022 | 15.41% |
| Dec 31, 2021 | 23.06% |
| Sep 30, 2021 | 24.86% |
| Jun 30, 2021 | 20.04% |