Target Hospitality Corp.
TH · Price history
Price at last available close
$14.23
−$5.07 (-26.27%) 1M
2026-10-27
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Company & revenue
About Target Hospitality Corp.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Target Hospitality Corp. operates as a prominent provider of specialized temporary accommodations and comprehensive hospitality services throughout North America. The company oversees a significant network of lodging facilities, encompassing roughly 15,528 beds distributed across 27 communities. Of these, 26 are directly owned by the company, one is leased, and an additional community is managed by them without direct ownership or lease.
How they make money
Target Hospitality generates revenue by providing vertically integrated modular accommodations and hospitality services to customers in the natural resources and government sectors. The company operates under a service model where it charges for the rental of modular units combined with comprehensive hospitality services, including catering, housekeeping, security, and facility management, typically under multi-year contracts.
Products & services
Modular specialty rental accommodations, catering and food services, housekeeping, laundry, security, grounds-keeping, and workforce community management.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
In 2025, three customers accounted for 28%, 11%, and 11% of revenue, and the top five customers represented approximately 63% of total revenue.
Suppliers, materials & equipment
- Food and beverage suppliers — Various third-party vendors providing food and beverage supplies for the company's catering operations; specific supplier names are unnamed.Source
Strengths
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
14
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
21
Poor
Financial Strength
7
Business Quality / Moat
23
Management
25
Growth Quality
34
Risk / Durability
29
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
46
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
50/100
Building Historical Record
Model Score 50/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently moderate.
- •Insider activity signal is favorable
- •Debt service risk
- •Repurchase headline · Sep 10, 2026
- •Repurchase headline · Sep 8, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for TH
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can TH maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is TH's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Does TH's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What specifically needs to improve for TH to reach sustainable profitability?
- •What future growth or profitability would be needed to justify TH's current valuation?
Essential Investment Snapshot
Wall Street Score
14
Opportunity Score
46
Market Cap
$1.42B
P/E Ratio
-39.4
EPS
$-0.38
52-Week High
$21.76
52-Week Low
$5.97
Beta
1.49
Analyst Target
$25.00
Shares Outstanding
99.5M
Total Revenue
$347.4M
Total Debt
$8.3M
Dividend
No current dividend
Liquidation Value / Share
$3.72
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Elevated movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for TH
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-3.4x). Earnings may be strained to cover interest expense.
Repurchase headline · Sep 10, 2026
Target Hospitality Announces Closing of Upsized Secondary Offering and Concurrent Stock Repurchase and Full Exercise of Underwriters' Option to Purchase Additional Shares — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
PRNewsWireRepurchase headline · Sep 8, 2026
Target Hospitality Announces Pricing of Upsized Secondary Offering and Concurrent Stock Repurchase — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GuruFocusRepurchase headline · Sep 8, 2026
Target Hospitality Announces Pricing of Upsized Secondary Offering and Concurrent Stock Repurchase — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
PRNewsWireRepurchase headline · Sep 8, 2026
Target Hospitality Announces Launch of Secondary Offering and Concurrent Stock Repurchase — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
PRNewsWireCommunity Sentiment
0 active · 0 total callsNo personal call yet on TH.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Vertically integrated service model.
- +Geographically relocatable accommodation assets.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Specialty Business Services industry.
- −High customer concentration.
- −Sensitivity to contract non-renewals or terminations.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
14
Oct 1, 2026
Change
+0.5
points
Current Score
14
Oct 22, 2026
Category Changes
TH increased 0.5 points because Asset improved by 3.9 points, Capital improved by 2 points.
Positive Contributors
- + Asset improved by 3.9 points
- + Capital improved by 2 points
Projected Score
Projected Score
18
Projected Change
+3.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 3.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$14.23
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $347.4M | $320.6M | $386.3M | $563.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $321.9M | $307.7M | $208.1M | $250.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $25.4M | $13.0M | $178.2M | $313.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $54.1M | $41.3M | $54.3M | $56.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $58.6M | $41.3M | $69.4M | $72.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $40.9M | $38.6M | $182.3M | $332.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$33.2M | -$28.3M | $108.8M | $240.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $3.0M | $8.4M | $23.3M | $26.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$41.3M | -$43.2M | $92.8M | $224.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$3.7M | -$6.1M | $21.4M | $51.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$37.7M | -$37.1M | $71.3M | $173.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.38 | $-0.37 | $0.71 | $1.62 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 100M | 99.52M | 100M | 101M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 100M | 99.52M | 101M | 105M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$85.5M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.09
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-78.1%
Cash Change
-68.5%
Margin Change
+13.7 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, debt levels, net income margin. Pressure indicators included EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 38.7%. EPS declined 40.0%. Cash declined 68.5%. Total debt declined 78.1%. Net income margin improved by 13.7 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Specialty Business ServicesNews
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Here is Why Growth Investors Should Buy Target Hospitality (TH) Now
Troy Schrenk Buys 5,907 Shares of Target Hospitality (NASDAQ:TH) Stock
Rumor Mill · TH
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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