Target Hospitality (TH) Return on Capital Employed [ROCE] (2018 - 2026)
Target Hospitality (TH) reported Return on Capital Employed [ROCE] of -7.75% for Q2 2026, down 14.01 percentage points from 6.27% a year earlier but up 2.56 percentage points from the prior quarter.
Powered by 
Analysis
Target Hospitality (TH) Return on Capital Employed [ROCE] (2018 - 2026) Analysis & Trends
For FY2025, Target Hospitality posted Return on Capital Employed [ROCE] of -6.39%, down 29.21 percentage points from FY2024.
- Return on Capital Employed [ROCE] has declined for three consecutive years, with a five-year change of -7.23 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 22.82% in FY2024 (-13.48 pp), 36.31% in FY2023 (-2.30 pp), 38.61% in FY2022 (+30.38 pp) and 8.23% in FY2021 (+7.39 pp).
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of -10.31% in Q1 2026 and a high of 75.03% in Q2 2023.
- Year over year, Return on Capital Employed [ROCE] has now declined in each of the last ten quarters, with an average year-over-year change of -25.25 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q2 2023 (a gain of 57.64 percentage points); the low point was Q3 2024 (a drop of 38.53 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -10.31% (Q1 2026), -7.69% (Q4 2025) and 0.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 58.68 Bn | 56.66 Bn | 1.98 Bn | 37.06% |
| 2 | Fastenal | 56.84 Bn | 55.76 Bn | 1.06 Bn | 40.62% |
| 3 | Ferguson Enterprises | 43.23 Bn | 40.45 Bn | 2.32 Bn | 23.37% |
| 4 | Sunbelt Rentals Holdings | 30.01 Bn | 29.89 Bn | 1.25 Bn | 12.18% |
| 5 | Reliance | 19.64 Bn | 18.69 Bn | 1.30 Bn | 12.56% |
| 6 | Wesco International | 17.52 Bn | 14.83 Bn | 1.46 Bn | 10.99% |
| 7 | Applied Industrial Technologies | 12.22 Bn | 12.09 Bn | 411.22 Mn | 23.02% |
| 8 | Watsco | 10.77 Bn | 8.93 Bn | 578.93 Mn | 18.08% |
| 9 | Avantor | 10.19 Bn | 8.98 Bn | 537.00 Mn | -2.94% |
| 10 | Target Hospitality | 1.98 Bn | 1.93 Bn | 15.80 Mn | -7.75% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -7.75% |
| Mar 31, 2026 | -10.31% |
| Dec 31, 2025 | -7.69% |
| Sep 30, 2025 | 0.63% |
| Jun 30, 2025 | 6.27% |
| Mar 31, 2025 | 13.02% |
| Dec 31, 2024 | 22.46% |
| Sep 30, 2024 | 28.30% |
| Jun 30, 2024 | 38.08% |
| Mar 31, 2024 | 33.51% |
| Dec 31, 2023 | 38.49% |
| Sep 30, 2023 | 66.82% |
| Jun 30, 2023 | 75.03% |
| Mar 31, 2023 | 65.02% |
| Dec 31, 2022 | 31.15% |
| Sep 30, 2022 | 28.36% |
| Jun 30, 2022 | 17.39% |
| Mar 31, 2022 | 11.40% |
| Dec 31, 2021 | 8.26% |
| Sep 30, 2021 | 4.88% |
API Access
Target Hospitality Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();