Target Hospitality (TH) Tax Rate (2018 - 2026)

Target Hospitality's (TH) quarterly Tax Rate came in at 15.12% in Q1 2026, down 181.0% year-on-year from 18.66% in Q1 2025, and up 15.87% on a QoQ basis from 13.05% in Q4 2025.

Target Hospitality (TH) Tax Rate (2018 - 2026) Analysis & Trends

Target Hospitality (TH) has 9 years of Tax Rate data on file, last reported at 15.12% in Q1 2026.

  • On a quarterly basis, Tax Rate fell 181.0% year-over-year to 15.12% in Q1 2026; TTM through Mar 2026 was 13.97%, a 2439.0% increase from a year earlier, with the FY2025 full-year figure at 14.18%, up 1275.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 15.12%, up from 13.05% in the prior quarter.
  • Over the last five years, Tax Rate for TH reached as high as 68.77% in Q1 2022 and fell as low as 94.6% in Q3 2025.
  • Historically, Tax Rate has averaged 7.24% across 5 years, with a median of 21.37% in 2022.
  • Across the five-year window, Tax Rate tumbled 11535 bps in 2024 and surged 10664 bps in 2025, its largest moves.
  • Year by year, Tax Rate stood at 36.96% in 2022, then surged by 159 bps to 21.76% in 2023, then tumbled by 530 bps to 93.59% in 2024, then soared by 114 bps to 13.05% in 2025, then advanced by 16 bps to 15.12% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 15.12% in Q1 2026, 13.05% in Q4 2025, and 94.6% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Cintas 81.31 Bn 81.12 Bn 1.45 Bn 20.55%
2 Rentokil Initial 73.75 Bn 71.25 Bn - -
3 Relx 60.28 Bn 60.04 Bn - -
4 Thomson Reuters 38.09 Bn 37.23 Bn - -19.56%
5 Copart 25.18 Bn 21.85 Bn 732.88 Mn 20.06%
6 Global Payments 21.29 Bn 16.10 Bn 1.70 Bn 5.27%
7 Rb Global 20.33 Bn 20.14 Bn 927.90 Mn 21.71%
8 UL Solutions 17.42 Bn 17.18 Bn 381.00 Mn 24.81%
9 Aramark 15.00 Bn 14.59 Bn 426.39 Mn 25.72%
10 Target Hospitality 1.63 Bn 1.63 Bn 6.88 Mn 15.12%

Historic Data

Download Data
DateValue
Mar 31, 2026 15.12%
Mar 31, 2026 15.12%
Mar 31, 2026 15.12%
Dec 31, 2025 13.05%
Dec 31, 2025 13.05%
Dec 31, 2025 13.05%
Sep 30, 2025 -94.60%
Sep 30, 2025 -94.60%
Sep 30, 2025 -94.60%
Jun 30, 2025 16.24%
Jun 30, 2025 16.24%
Jun 30, 2025 16.24%
Mar 31, 2025 16.93%
Mar 31, 2025 16.93%
Mar 31, 2025 16.93%
Dec 31, 2024 -93.59%
Dec 31, 2024 -93.59%
Dec 31, 2024 -93.59%
Sep 30, 2024 16.96%
Sep 30, 2024 16.96%