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Target Hospitality Corp. TH

Nasdaq · stock · Hotels, Rooming Houses, Camps & Other Lodging Places · website · IPO 2018-03-05

Target Hospitality Corp. statistics & valuation

Market cap$2.0B
P / S6.3×
P / B5.2×
Net margin-11.6%
Return on equity-9.5%
Return on capital-7.8%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
0.70% 2.10% 3.70% -11.20% -1.60% 14.70% 30.80% 18.40% -11.60% 201720182019202020212022202320242025
Gross margin (%)
39.50% 37.50% 45.80% 25.40% 34.80% 49.20% 55.60% 46.10% 13.30% 201720182019202020212022202320242025
Operating margin (%)
16.00% 17.00% 14.90% 1.80% 12.70% 34.70% 42.70% 28.20% -10.80% 201720182019202020212022202320242025
Return on equity (%)
3.90% 1.40% 9.90% -25.40% -4.70% 36.80% 46.00% 16.90% -9.50% 201720182019202020212022202320242025
Shares outstanding
74.8M 100.8M 101.2M 102.0M 100.3M 105.3M 101.4M 99.8M 201720182019202020212022202320242025
Net debt ($)
$415.2M $384.9M $318.0M $74.2M 201720182019202020212022202320242025
Share buybacks ($)
201720182019202020212022202320242025
Return on assets (%)
405.20% 0.90% 2.20% -4.70% -0.90% 9.60% 25.00% 9.80% -7.00% 201720182019202020212022202320242025
Free cash flow margin (%)
201720182019202020212022202320242025
Debt / equity (×)
3.50× 3.96× 3.51× 0.47× 201720182019202020212022202320242025
EPS ($)
$0.13 -$0.26 -$0.05 $0.74 $1.56 $0.70 -$0.37 201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Target Hospitality Corp. trades at about 23.1× earnings — above its 10-year norm (10-year range 6.2×–42.1×, median 20.7×).

6.2× 42.1×

Shaded band = 10-year range (6.2×–42.1×); dot = today's 23.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin13.3%46.1%55.6%49.2%34.8%25.4%45.8%37.5%39.5%
Operating margin-10.8%28.2%42.7%34.7%12.7%1.8%14.9%17.0%16.0%
Net margin-11.6%18.4%30.8%14.7%-1.6%-11.2%3.7%2.1%0.7%
Return on assets-7.0%9.8%25.0%9.6%-0.9%-4.7%2.2%0.9%405.2%
Return on equity-9.5%16.9%46.0%36.8%-4.7%-25.4%9.9%1.4%3.9%
Debt / equity——0.47×—3.51×3.96×3.50×——
Current ratio0.871.072.571.240.830.961.001.150.00

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.