Growth Metrics

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

Target Hospitality (TH) has disclosed Operating Margin for 8 consecutive years, with 22.91% as the latest value for Q4 2025.

  • Quarterly Operating Margin fell 5746.0% to 22.91% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 7.34% through Dec 2025, down 3732.0% year-over-year, with the annual reading at 12.64% for FY2025, 5355.0% down from the prior year.
  • Operating Margin for Q4 2025 was 22.91% at Target Hospitality, down from 0.07% in the prior quarter.
  • The five-year high for Operating Margin was 72.39% in Q3 2023, with the low at 30.82% in Q2 2025.
  • Average Operating Margin over 5 years is 26.11%, with a median of 26.7% recorded in 2021.
  • The sharpest move saw Operating Margin soared 5569bps in 2022, then crashed -6016bps in 2025.
  • Over 5 years, Operating Margin stood at 10.04% in 2021, then soared by 555bps to 65.72% in 2022, then tumbled by -75bps to 16.33% in 2023, then surged by 112bps to 34.55% in 2024, then plummeted by -166bps to 22.91% in 2025.
  • According to Business Quant data, Operating Margin over the past three periods came in at 22.91%, 0.07%, and 30.82% for Q4 2025, Q3 2025, and Q2 2025 respectively.