Target Hospitality (TH) Payables (2017 - 2026)
Target Hospitality (TH) posted quarterly Payables of $33.0 million for Q1 2026, up 42.87% year-over-year from $23.1 million in Q1 2025, and down 25.57% quarter-over-quarter from $44.4 million in Q4 2025.
Target Hospitality (TH) Payables (2017 - 2026) Analysis & Trends
Target Hospitality (TH) has reported Payables for 10 consecutive years, with $33.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Payables rose 42.87% year-over-year to $33.0 million; the TTM figure through Mar 2026 stood at $33.0 million (up 42.87% YoY), while the FY2025 annual figure was $44.4 million, up 174.25% from the prior year.
- Payables eased to $33.0 million in Q1 2026 per TH's latest filing, from $44.4 million in the prior quarter.
- Across five years, Payables topped out at $45.8 million in Q3 2025 and bottomed at $12.2 million in Q1 2022.
- Historically, Payables has averaged $24.1 million across 5 years, with a median of $21.2 million in 2023.
- Annual changes were most pronounced in 2024 — Payables slumped 35.8% — and 2025, when it jumped 174.25%.
- Target Hospitality's Payables stood at $17.6 million in 2022, then grew by 19.15% to $20.9 million in 2023, then fell by 22.65% to $16.2 million in 2024, then surged by 174.25% to $44.4 million in 2025, then fell by 25.57% to $33.0 million in 2026.
- Business Quant data shows TH's Payables at $33.0 million in Q1 2026, $44.4 million in Q4 2025, and $45.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.69 Bn | 81.40 Bn | 1.48 Bn | 461.16 Mn |
| 2 | Relx | 64.97 Bn | 64.80 Bn | - | 5.68 Bn |
| 3 | Copart | 32.09 Bn | 28.74 Bn | 732.88 Mn | 598.29 Mn |
| 4 | Global Payments | 24.80 Bn | 19.40 Bn | 2.03 Bn | 3.71 Bn |
| 5 | Rb Global | 16.24 Bn | 15.72 Bn | 935.50 Mn | 709.90 Mn |
| 6 | Aramark | 15.68 Bn | 15.18 Bn | 430.34 Mn | 1.14 Bn |
| 7 | UL Solutions | 15.20 Bn | 14.77 Bn | 417.00 Mn | 179.00 Mn |
| 8 | Rentokil Initial | 11.80 Bn | 9.27 Bn | - | 10.46 Bn |
| 9 | Dolby Laboratories | 6.05 Bn | 5.38 Bn | 264.68 Mn | 12.47 Mn |
| 10 | Target Hospitality | 1.76 Bn | 1.76 Bn | 15.80 Mn | 47.41 Mn |
Historic Data
Download 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 |