Last 34 quarters of trend data · Industrials · Specialty Business Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has expanded 572.4% YoY to 43.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -41.32 | — | — | — | — | 20.13 | 9.72 | 12.10 | 13.59 | 8.39 | 9.23 | 7.63 | 8.01 |
| — | — | — | — | — | +139.9% | +5.3% | +58.7% | +69.6% | -31.3% | -41.5% | +28.2% | -97.3% | |
| P/S Ratio | 4.76 | 2.23 | 2.13 | 2.87 | 2.33 | 2.89 | 2.07 | 2.19 | 2.61 | 2.01 | 2.86 | 2.45 | 2.36 |
| — | -23.0% | +2.9% | +31.2% | -10.6% | +43.5% | -27.6% | -10.8% | +10.4% | -20.4% | +48.7% | +94.1% | +30.5% | |
| P/B Ratio | 3.91 | 2.05 | 2.10 | 1.76 | 1.57 | 2.30 | 1.89 | 2.22 | 2.96 | 2.70 | 4.93 | 4.86 | 5.78 |
| — | -10.6% | +11.5% | -20.6% | -47.0% | -14.8% | -61.8% | -54.3% | -48.7% | -64.9% | -41.5% | +9.1% | -2.3% | |
| P/FCF | 216.35 | — | 5.70 | 6.41 | — | 8.01 | 8.33 | 6.91 | 6.68 | 8.20 | 11.58 | 10.39 | — |
| — | — | -31.6% | -7.3% | — | -2.3% | -28.0% | -33.4% | — | -76.1% | +610.5% | — | — | |
| EV / EBITDA | 36.97 | 43.33 | 11.16 | 306.72 | 10.15 | 6.44 | 4.39 | 4.79 | 6.04 | 4.26 | 5.02 | 4.53 | 4.75 |
| — | +572.4% | +154.4% | +6306.3% | +67.9% | +51.4% | -12.6% | +5.7% | +27.2% | -16.4% | +9.3% | +7.3% | -40.0% | |
| EV / EBIT | — | — | 933.58 | — | — | 10.99 | 6.78 | 7.50 | 9.26 | 5.16 | 6.84 | 5.99 | 6.21 |
| — | — | +13667.6% | — | — | +113.1% | -0.9% | +25.0% | +49.1% | -36.1% | -20.8% | +0.0% | -70.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Target Hospitality Corp.'s operating margin was -16.7% in Q4 2025, down 16.7 pp QoQ and down 41.5 pp YoY. The trailing four-quarter average of -11.5% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 148.9% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 8.3% | -21.6% | 32.5% | -7.2% | 25.7% | 44.2% | 47.5% | 46.5% | 46.0% | 49.3% | 59.4% | 57.3% | 55.4% |
| — | -148.9% | -31.5% | -115.4% | -44.1% | -10.3% | -20.1% | -18.9% | -17.0% | -10.4% | +14.6% | +19.7% | +59.6% | |
| Operating Margin | -10.0% | -16.7% | 0.1% | -27.7% | -1.5% | 24.9% | 29.4% | 29.3% | 28.5% | 36.6% | 46.4% | 45.1% | 41.9% |
| — | -167.0% | -99.8% | -194.5% | -105.4% | -32.1% | -36.6% | -34.9% | -31.9% | -13.2% | +23.5% | +30.7% | +172.0% | |
| Net Margin | -11.6% | -16.6% | -0.8% | -24.2% | -9.2% | 14.9% | 21.0% | 18.3% | 19.1% | 30.0% | 31.2% | 32.3% | 29.6% |
| — | -211.4% | -103.8% | -232.8% | -148.4% | -50.2% | -32.7% | -43.6% | -35.5% | +44.8% | +162.0% | +55.2% | +4721.5% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -9.2% | -3.8% | -0.2% | -3.7% | -1.5% | 3.0% | 4.9% | 4.8% | 5.4% | 10.6% | 14.5% | 17.5% | 19.8% |
| — | -226.6% | -104.0% | -176.9% | -128.5% | -71.8% | -66.2% | -72.8% | -72.7% | -42.0% | +3.0% | -14.8% | +3821.2% | |
| ROA | -5.9% | -2.8% | -0.1% | -2.7% | -1.0% | 1.7% | 2.8% | 2.7% | 3.0% | 5.4% | 6.7% | 7.1% | 6.2% |
| — | -260.1% | -105.2% | -202.5% | -134.0% | -68.0% | -57.5% | -62.4% | -52.1% | +29.4% | +124.5% | +60.6% | +6179.7% | |
| ROIC | -5.8% | -2.9% | 0.0% | -3.0% | -0.2% | 3.6% | 4.8% | 5.0% | 4.9% | 7.4% | 11.2% | 11.1% | 11.6% |
| — | -181.1% | -99.7% | -160.1% | -103.7% | -51.9% | -57.1% | -54.9% | -57.3% | -47.9% | -4.0% | +77.5% | +427.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Target Hospitality Corp.'s Debt/EBITDA ratio is 2.3x, up from 0.7x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 18.3% YoY to 0.87x, tightening the short-term liquidity position. Debt/Equity has declined for 5 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.03 | 0.09 | 0.13 | 0.50 | 0.47 | 0.50 | 0.53 | 0.53 | 0.67 | 0.79 | 0.95 |
| — | -94.5% | -93.0% | -81.0% | -75.1% | -6.5% | -30.1% | -37.1% | -44.4% | -69.9% | -70.8% | -72.4% | -73.2% | |
| Debt / EBITDA | 0.26 | 2.31 | 0.72 | 63.91 | 3.30 | 5.48 | 4.27 | 4.07 | 4.05 | 3.07 | 2.55 | 2.64 | 2.76 |
| — | -57.8% | -83.3% | +1468.5% | -18.3% | +78.5% | +67.6% | +54.4% | +46.7% | -27.1% | -42.6% | -60.4% | -76.9% | |
| Current Ratio | 0.87 | 0.87 | 0.96 | 1.47 | 1.97 | 1.07 | 1.01 | 0.89 | 2.78 | 2.57 | 0.58 | 0.40 | 0.28 |
| — | -18.3% | -4.5% | +65.4% | -29.2% | -58.4% | +73.0% | +120.9% | +888.8% | +107.3% | -48.4% | -76.0% | -83.1% | |
| Quick Ratio | 0.87 | 0.87 | 0.96 | 1.47 | 1.97 | 1.07 | 1.01 | 0.89 | 2.78 | 2.57 | 0.58 | 0.40 | 0.28 |
| — | -18.3% | -4.5% | +65.4% | -29.2% | -58.4% | +73.0% | +120.9% | +888.8% | +107.3% | -48.4% | -76.0% | -83.1% | |
| Interest Coverage | -5.27 | -41.31 | 0.11 | -17.14 | -0.25 | 3.55 | 7.34 | 5.08 | 5.25 | 7.58 | 11.35 | 10.92 | 7.05 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 34 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying TH stock.
Target Hospitality Corp.'s current P/E is -41.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Target Hospitality Corp.'s current operating margin is -10.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Target Hospitality Corp.'s business trajectory between earnings reports.