Target Hospitality (TH) Payables (2017 - 2026)
Target Hospitality's (TH) quarterly Payables came in at $47.4 million in Q2 2026, up 121.25% year-over-year from $21.4 million in Q2 2025, and up 43.48% quarter-over-quarter from $33.0 million in Q1 2026.
Powered by 
Analysis
Target Hospitality (TH) Payables (2017 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Payables for 10 consecutive years, with $47.4 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Payables rose 121.25% year-over-year to $47.4 million in Q2 2026; TTM through Jun 2026 was $47.4 million, a 121.25% increase from a year earlier, with the FY2025 full-year figure at $44.4 million, up 174.25% from the prior year.
- Payables was $47.4 million for Q2 2026 at Target Hospitality, up from $33.0 million in the prior quarter.
- Over five years, Payables peaked at $47.4 million in Q2 2026 and troughed at $12.2 million in Q1 2022.
- A 5-year average of $25.4 million and a median of $21.3 million in 2023 frame the typical range for Payables.
- Across the five-year window, Payables tumbled 35.8% in 2024 and soared 174.25% in 2025, its largest moves.
- Over 5 years, Payables stood at $17.6 million in 2022, then advanced by 19.15% to $20.9 million in 2023, then dropped by 22.65% to $16.2 million in 2024, then soared by 174.25% to $44.4 million in 2025, then advanced by 6.79% to $47.4 million in 2026.
- The last three Payables figures came in at $47.4 million (Q2 2026), $33.0 million (Q1 2026), and $44.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Sunbelt Rentals Holdings | 30.16 Bn | 30.13 Bn | 1.25 Bn | 623.00 Mn |
| 2 | Herc Holdings | 4.52 Bn | 4.48 Bn | 713.00 Mn | 482.00 Mn |
| 3 | EquipmentShare.com | 3.88 Bn | 3.43 Bn | 411.00 Mn | 105.00 Mn |
| 4 | WillScot Holdings | 3.29 Bn | 3.29 Bn | 306.26 Mn | 152.28 Mn |
| 5 | Mcgrath Rentcorp | 2.71 Bn | 2.71 Bn | 107.91 Mn | 73.64 Mn |
| 6 | Target Hospitality | 2.13 Bn | 2.12 Bn | 15.80 Mn | 47.41 Mn |
| 7 | Custom Truck One Source | 2.12 Bn | 2.11 Bn | 123.97 Mn | 115.44 Mn |
| 8 | NPK International | 1.08 Bn | 1.07 Bn | 30.16 Mn | 23.37 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();