Target Hospitality Corp (TH) FinancialsTHTarget Hospitality Corp

Target Hospitality Corp. (TH) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is WHS, accounting for 42.5% of total sales, equivalent to $36.33M. Other significant revenue streams include Hospitality & Facilities Services - South and Govenment. Understanding this composition is critical for investors evaluating how TH navigates market cycles within the Hotels, Motels & Cruise Lines industry.

Evaluating the bottom line, Target Hospitality Corp. maintains a gross margin of 13.66%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -7.48%, while the net margin is -10.51%. These profitability ratios, combined with a Return on Equity (ROE) of -9.77%, provide a clear picture of how effectively TH converts its operational activities into shareholder value.

In the context of the broader market, TH competes directly with industry leaders such as MCRI and MLCO. With a market capitalization of $1.80B, it holds a significant position in the sector. When comparing efficiency, TH's gross margin of 13.66% stands against MCRI's 48.23% and MLCO's 23.99%. Such benchmarking helps identify whether Target Hospitality Corp. is trading at a premium or discount relative to its financial performance.

The company has shown significant revenue growth, with a forecasted total revenue for 2026 raised to between $360 million and $370 million, up from previous estimates. However, it has also faced net income losses, including a net loss of $12.9 million in Q1 2026.