Target Hospitality (TH) Tax Rate (2018 - 2024)
Target Hospitality's Tax Rate was -5.88% in Q2 2026, down 22.33 percentage points from 16.45% a year earlier and down 20.99 percentage points from the prior quarter.
Powered by 
Analysis
Target Hospitality (TH) Tax Rate (2018 - 2024) Analysis & Trends
On a trailing twelve-month basis, Target Hospitality's Tax Rate was 8.78% through Jun 30, 2026, down 18.22 percentage points year-over-year; for FY2025, it was 14.18%, down 8.90 percentage points from FY2024.
- Tax Rate shows a five-year change of -11.13 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 23.08% in FY2024 (+0.35 pp), 22.74% in FY2023 (-7.74 pp), 30.48% in FY2022 (+101.73 pp) and -71.26% in FY2021 (-96.57 pp).
- Quarterly Tax Rate has moved between -102.83% (Q3 2025) and 69.53% (Q1 2022) over five years.
- Compared with a year earlier, Tax Rate has declined for six straight quarters, with an average year-over-year change of -22.15 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q1 2022 (a gain of 59.26 percentage points); the worst was Q3 2025 (a drop of 119.79 percentage points).
- Per Business Quant data, TH's Tax Rate in the three quarters before Q2 2026 was 15.12% (Q1 2026), 12.95% (Q4 2025) and -102.83% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 65.40 Bn | 64.16 Bn | 1.73 Bn | 25.22% |
| 2 | W.W. Grainger | 63.07 Bn | 60.67 Bn | 1.98 Bn | 24.81% |
| 3 | Fastenal | 59.20 Bn | 58.13 Bn | 1.06 Bn | 23.76% |
| 4 | Ferguson Enterprises | 44.13 Bn | 41.34 Bn | 2.32 Bn | 26.07% |
| 5 | Sunbelt Rentals Holdings | 31.58 Bn | 31.46 Bn | 1.25 Bn | 25.89% |
| 6 | Reliance | 21.32 Bn | 20.36 Bn | 1.30 Bn | 24.71% |
| 7 | Wesco International | 16.71 Bn | 14.03 Bn | 1.46 Bn | 22.94% |
| 8 | Applied Industrial Technologies | 12.36 Bn | 12.23 Bn | 411.22 Mn | 24.84% |
| 9 | Watsco | 11.52 Bn | 9.20 Bn | 578.93 Mn | 20.91% |
| 10 | Target Hospitality | 1.55 Bn | 1.50 Bn | 15.80 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 25.58% |
| Sep 30, 2024 | 16.96% |
| Jun 30, 2024 | 27.30% |
| Mar 31, 2024 | 23.16% |
| Dec 31, 2023 | 21.86% |
| Sep 30, 2023 | 24.27% |
| Jun 30, 2023 | 22.78% |
| Mar 31, 2023 | 21.80% |
| Dec 31, 2022 | 29.34% |
| Sep 30, 2022 | 38.74% |
| Jun 30, 2022 | 21.37% |
| Mar 31, 2022 | 69.53% |
| Dec 31, 2021 | 38.67% |
| Sep 30, 2021 | 20.39% |
| Mar 31, 2020 | 4.10% |
| Dec 31, 2019 | 38.96% |
| Sep 30, 2019 | 17.57% |
| Jun 30, 2019 | 34.39% |
| Dec 31, 2018 | 70.48% |
| Sep 30, 2018 | 67.27% |
API Access
Target Hospitality Tax Rate 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=tax-rate&ticker=TH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=TH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();