Target Hospitality (TH) Operating Margin (2018 - 2026)
On a quarterly basis, Operating Margin fell 6184.0% to 62.27% in Q1 2026 year-over-year; TTM through Mar 2026 was 16.62%, a 3569.0% decrease, with the full-year FY2025 number at 10.84%, down 5175.0% from a year prior.
Target Hospitality (TH) has 9 years of Operating Margin data on record, last reported at 62.27% in Q1 2026.
- Operating Margin reached 62.27% in Q1 2026 per TH's latest filing, down from 14.1% in the prior quarter.
- Over the last five years, Operating Margin for TH hit a ceiling of 205.09% in Q4 2023 and a floor of 62.27% in Q1 2026.
- A 5-year average of 28.1% and a median of 29.41% in 2024 define the central range for Operating Margin.
- Peak YoY movement for Operating Margin: soared 13934bps in 2023, then tumbled -26182bps in 2024.
- Tracing TH's Operating Margin over 5 years: stood at 65.75% in 2022, then skyrocketed by 212bps to 205.09% in 2023, then crashed by -128bps to 56.72% in 2024, then soared by 75bps to 14.1% in 2025, then crashed by -342bps to 62.27% in 2026.
- Business Quant data shows Operating Margin for TH at 62.27% in Q1 2026, 14.1% in Q4 2025, and 0.08% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | 7.67% |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 23.22% |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 34.65% |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 18.21% |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -0.53% |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 17.62% |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 4.48% |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 4.34% |
| 10 | Target Hospitality | 1.82 Bn | 1.82 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% |
| Mar 31, 2021 | -12.13% |
| Dec 31, 2020 | -4.95% |
| Sep 30, 2020 | -2.68% |
| Jun 30, 2020 | -15.85% |
| Mar 31, 2020 | 19.62% |
| Dec 31, 2019 | 15.05% |
| Sep 30, 2019 | 28.21% |
| Jun 30, 2019 | 30.18% |
| Mar 31, 2019 | -13.51% |
| Dec 31, 2018 | 23.12% |
| Sep 30, 2018 | 139.21% |
| Jun 30, 2018 | 26.21% |
| Mar 31, 2018 | -3.04% |