Target Hospitality (TH) Payables (2017 - 2026)
Target Hospitality's Payables came in at $47.41 million for Q2 2026, up 121.3% from $21.43 million a year earlier and up 43.5% from the prior quarter.
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Analysis
Target Hospitality (TH) Payables (2017 - 2026) Analysis & Trends
At the end of FY2025, Target Hospitality's Payables was $44.39 million, up 174.3% from FY2024.
- Payables carries a five-year compound annual growth rate of 33.1% (FY2020 to FY2025).
- Going back by year, Payables was $16.19 million in FY2024 (-22.6%), $20.93 million in FY2023 (+19.1%), $17.56 million in FY2022 (+48.8%) and $11.8 million in FY2021 (+10.9%).
- The Q2 2026 figure represents the highest quarterly Payables in data going back to Q4 2017.
- Year-over-year, Payables has increased for six consecutive quarters, with growth averaging 65.3% over the last eight quarters.
- The fastest year-over-year change in Payables over five years came in Q4 2025 (growth of 174.3%), and the weakest in Q1 2024 (a decline of 35.8%).
- Business Quant data shows TH's Payables at $33.04 million (Q1 2026), $44.39 million (Q4 2025) and $45.81 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 64.18 Bn | 62.94 Bn | 1.73 Bn | 1.61 Bn |
| 2 | W.W. Grainger | 62.30 Bn | 59.90 Bn | 1.98 Bn | 1.28 Bn |
| 3 | Fastenal | 58.56 Bn | 57.48 Bn | 1.06 Bn | 399.80 Mn |
| 4 | Ferguson Enterprises | 44.07 Bn | 41.28 Bn | 2.32 Bn | 3.68 Bn |
| 5 | Sunbelt Rentals Holdings | 31.19 Bn | 31.07 Bn | 1.25 Bn | 623.00 Mn |
| 6 | Reliance | 21.34 Bn | 20.38 Bn | 1.30 Bn | 627.30 Mn |
| 7 | Wesco International | 16.69 Bn | 14.00 Bn | 1.46 Bn | 3.74 Bn |
| 8 | Applied Industrial Technologies | 12.48 Bn | 12.35 Bn | 411.22 Mn | 341.09 Mn |
| 9 | Watsco | 11.24 Bn | 8.93 Bn | 578.93 Mn | 660.30 Mn |
| 10 | Target Hospitality | 1.54 Bn | 1.49 Bn | 15.80 Mn | 47.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.41 Mn |
| Mar 31, 2026 | 33.04 Mn |
| Dec 31, 2025 | 44.39 Mn |
| Sep 30, 2025 | 45.81 Mn |
| Jun 30, 2025 | 21.43 Mn |
| Mar 31, 2025 | 23.13 Mn |
| Dec 31, 2024 | 16.19 Mn |
| Sep 30, 2024 | 16.92 Mn |
| Jun 30, 2024 | 17.54 Mn |
| Mar 31, 2024 | 17.28 Mn |
| Dec 31, 2023 | 20.93 Mn |
| Sep 30, 2023 | 21.25 Mn |
| Jun 30, 2023 | 17.25 Mn |
| Mar 31, 2023 | 26.91 Mn |
| Dec 31, 2022 | 17.56 Mn |
| Sep 30, 2022 | 31.91 Mn |
| Jun 30, 2022 | 25.25 Mn |
| Mar 31, 2022 | 12.25 Mn |
| Dec 31, 2021 | 11.80 Mn |
| Sep 30, 2021 | 12.32 Mn |
API Access
Target Hospitality Payables 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=payables&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();