Target Hospitality Corp. (TH) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 72.78M | 89.78M | 99.36M | 61.61M | 69.9M | 83.69M | 95.19M | 100.72M | 106.67M | 126.22M | 145.94M | 143.63M | 147.82M | 152.44M | 159.56M | 109.65M | 80.33M | 81.69M | 89.17M | 74.99M |
| Revenue Growth % | 4.13% | 7.28% | 4.37% | -38.83% | -34.47% | -33.7% | -34.77% | -29.87% | -27.84% | -17.2% | -8.54% | 30.99% | 84% | 86.61% | 78.95% | 46.22% | 76.59% | 58.29% | 84.76% | 39.85% |
| Cost of Goods Sold | 73.28M | 90.13M | 88.88M | 69.38M | 59.27M | 46.66M | 49.98M | 53.85M | 57.6M | 63.98M | 59.18M | 61.26M | 65.86M | 68.54M | 76.79M | 57.1M | 52.42M | 52.48M | 55.56M | 47.92M |
| COGS % of Revenue | 100.69% | 100.39% | 89.45% | 112.63% | 84.79% | 55.75% | 52.51% | 53.47% | 54% | 50.69% | 40.55% | 42.65% | 44.55% | 44.96% | 48.13% | 52.08% | 65.25% | 64.24% | 62.31% | 63.9% |
| Gross Profit | -501K | -350K | 10.48M | -7.78M | 10.63M | 37.03M | 45.21M | 46.87M | 49.07M | 62.24M | 86.76M | 82.37M | 81.96M | 83.9M | 82.77M | 52.55M | 27.92M | 29.21M | 33.61M | 27.07M |
| Gross Margin % | -0.69% | -0.39% | 10.55% | -12.63% | 15.21% | 44.25% | 47.49% | 46.53% | 46% | 49.31% | 59.45% | 57.35% | 55.45% | 55.04% | 51.87% | 47.92% | 34.75% | 35.76% | 37.69% | 36.1% |
| Gross Profit Growth % | -104.71% | -100.95% | -76.82% | -116.59% | -78.34% | -40.5% | -47.89% | -43.1% | -40.13% | -25.82% | 4.81% | 56.75% | 193.61% | 187.2% | 146.28% | 94.12% | 143.57% | 189.4% | 186.81% | 230.35% |
| Operating Expenses | 11.19M | 14.6M | 9.55M | 9.3M | 11.44M | 16.23M | 17.22M | 17.32M | 18.63M | 16.06M | 19.04M | 17.61M | 20.01M | 19.68M | 22.83M | 14.71M | 15.54M | 15.54M | 16.93M | 16.22M |
| OpEx % of Revenue | 15.38% | 16.27% | 9.61% | 15.09% | 16.37% | 19.39% | 18.09% | 17.2% | 17.46% | 12.73% | 13.05% | 12.26% | 13.53% | 12.91% | 14.31% | 13.42% | 19.34% | 19.02% | 18.98% | 21.63% |
| Selling, General & Admin | 11.19M | 14.6M | 9.55M | 9.3M | 11.44M | 12.63M | 13.32M | 13.46M | 14.86M | 12.2M | 15.27M | 13.46M | 15.2M | 15.88M | 19.15M | 11.1M | 11.76M | 10.63M | 12.83M | 11.68M |
| SG&A % of Revenue | 15.38% | 16.27% | 9.61% | 15.09% | 16.37% | 15.09% | 13.99% | 13.36% | 13.93% | 9.66% | 10.47% | 9.37% | 10.28% | 10.42% | 12% | 10.13% | 14.64% | 13.01% | 14.38% | 15.57% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -11.7M | -14.95M | 934K | -17.07M | -814K | 20.8M | 27.99M | 29.55M | 30.44M | 46.18M | 67.72M | 64.76M | 61.96M | 64.21M | 59.94M | 37.83M | 12.38M | 13.68M | 16.68M | 10.85M |
| Operating Margin % | -16.07% | -16.66% | 0.94% | -27.71% | -1.16% | 24.86% | 29.41% | 29.34% | 28.53% | 36.58% | 46.4% | 45.09% | 41.91% | 42.12% | 37.57% | 34.5% | 15.41% | 16.74% | 18.71% | 14.47% |
| Operating Income Growth % | -1336.73% | -171.88% | -96.66% | -157.78% | -102.67% | -54.95% | -58.66% | -54.37% | -50.87% | -28.09% | 12.97% | 71.17% | 400.42% | 369.5% | 259.32% | 248.63% | 401.02% | 634.68% | 1859.7% | 268.22% |
| EBITDA | 11.96M | 8.75M | 23.52M | 4.71M | 20.84M | 38.27M | 45.95M | 48.26M | 49.1M | 65.43M | 89.21M | 86.59M | 83.36M | 84.22M | 75.4M | 53.28M | 29.2M | 31.45M | 34.98M | 28.91M |
| EBITDA Margin % | 16.43% | 9.74% | 23.68% | 7.64% | 29.81% | 45.73% | 48.27% | 47.92% | 46.03% | 51.84% | 61.13% | 60.29% | 56.39% | 55.25% | 47.25% | 48.59% | 36.35% | 38.5% | 39.23% | 38.55% |
| EBITDA Growth % | -42.61% | -77.14% | -48.81% | -90.25% | -57.57% | -41.51% | -48.49% | -44.26% | -41.09% | -22.31% | 18.31% | 62.52% | 185.46% | 167.75% | 115.53% | 84.31% | 136.98% | 135.73% | 127.2% | 191.87% |
| D&A (Non-Cash Add-back) | 23.65M | 23.7M | 22.59M | 21.78M | 21.65M | 17.47M | 17.96M | 18.71M | 18.67M | 19.25M | 21.49M | 21.83M | 21.4M | 20M | 15.46M | 15.45M | 16.82M | 17.78M | 18.3M | 18.05M |
| EBIT | -11.7M | -14.95M | 934K | -17.07M | -814K | 22.44M | 29.74M | 30.82M | 32.05M | 54.02M | 65.46M | 65.42M | 63.75M | 53.13M | 40.09M | 37.52M | 11.15M | 13.09M | 16.7M | 8.77M |
| Net Interest Income | -892K | -362K | -458K | -937K | -4.33M | -3.95M | -3.81M | -4.27M | -4.59M | -4.91M | -4.95M | -5.28M | -7.5M | -8.2M | -8.89M | -9.67M | -9.57M | -9.65M | -9.46M | -9.74M |
| Interest Income | 18K | 77K | 153K | 210K | 1.89M | 1.92M | 0 | 1.55M | 1.21M | 1.18M | 1.01M | 652K | 1.3M | 1.4M | 150K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 910K | 439K | 611K | 1.15M | 6.22M | 5.87M | 3.81M | 5.82M | 5.79M | 6.09M | 5.96M | 5.93M | 8.79M | 9.59M | 9.04M | 9.67M | 9.57M | 9.65M | 9.46M | 9.74M |
| Other Income/Expense | -3.52M | -2.23M | -1.32M | -781K | -6.96M | -3.95M | -3.81M | -4.27M | -3.91M | 2.19M | -7.53M | -4.6M | -5.92M | -19.56M | -28.89M | -8.81M | -10.8M | -9.11M | -8.35M | -11.82M |
| Pretax Income | -15.21M | -17.18M | -389K | -17.86M | -7.78M | 16.86M | 24.18M | 25.28M | 26.53M | 48.37M | 60.19M | 60.16M | 56.04M | 44.66M | 31.05M | 29.02M | 1.58M | 4.56M | 8.34M | -972K |
| Pretax Margin % | -20.91% | -19.14% | -0.39% | -28.98% | -11.12% | 20.14% | 25.4% | 25.1% | 24.87% | 38.32% | 41.24% | 41.88% | 37.91% | 29.29% | 19.46% | 26.47% | 1.97% | 5.59% | 9.35% | -1.3% |
| Income Tax | -2.25M | -2.24M | 368K | -2.94M | -1.32M | 4.31M | 4.08M | 6.89M | 6.14M | 10.52M | 14.61M | 13.7M | 12.22M | 13.08M | 12.03M | 6.17M | 1.09M | 1.76M | 1.66M | -60K |
| Effective Tax Rate % | 14.81% | 13.05% | -94.6% | 16.45% | 16.93% | 25.58% | 16.89% | 27.26% | 23.16% | 21.76% | 24.27% | 22.78% | 21.8% | 29.3% | 38.74% | 21.26% | 68.77% | 38.67% | 19.94% | 6.17% |
| Net Income | -12.92M | -14.93M | -795K | -14.93M | -6.46M | 12.5M | 19.99M | 18.39M | 20.38M | 37.84M | 45.58M | 46.45M | 43.83M | 31.57M | 19.02M | 22.85M | 494K | 2.8M | 6.67M | -912K |
| Net Margin % | -17.75% | -16.63% | -0.8% | -24.24% | -9.24% | 14.94% | 21% | 18.25% | 19.11% | 29.98% | 31.23% | 32.34% | 29.65% | 20.71% | 11.92% | 20.84% | 0.61% | 3.43% | 7.49% | -1.22% |
| Net Income Growth % | -99.95% | -219.45% | -103.98% | -181.21% | -131.7% | -66.96% | -56.13% | -60.42% | -53.49% | 19.86% | 139.61% | 103.29% | 8771.46% | 1027.97% | 184.97% | 2605.59% | 103.76% | 130.39% | 184.82% | 93.58% |
| Net Income (Continuing) | -12.96M | -14.94M | -757K | -14.92M | -6.46M | 12.54M | 20.09M | 18.39M | 20.38M | 37.84M | 45.58M | 46.45M | 43.83M | 31.57M | 19.02M | 22.85M | 494K | 2.8M | 6.67M | -912K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -302K | -197K | -131K | -91K | -47K | 9K | 35K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.13 | -0.15 | -0.01 | -0.15 | -0.07 | 0.12 | 0.20 | 0.18 | 0.20 | 0.29 | 0.43 | 0.44 | 0.41 | 0.31 | 0.20 | 0.24 | 0.01 | 0.03 | 0.07 | -0.01 |
| EPS Growth % | -85.71% | -225% | -104% | -183.33% | -135% | -58.62% | -53.49% | -59.09% | -51.22% | -6.45% | 115% | 83.33% | - | 933.33% | 185.71% | - | 103.64% | 131.32% | 185.47% | 93.73% |
| EPS (Basic) | -0.13 | -0.15 | -0.01 | -0.15 | -0.07 | 0.13 | 0.20 | 0.18 | 0.20 | 0.30 | 0.45 | 0.46 | 0.44 | 0.32 | 0.20 | 0.24 | 0.01 | 0.03 | 0.07 | -0.01 |
| Diluted Shares Outstanding | 99.93M | 99.79M | 99.78M | 99.4M | 99.11M | 100.16M | 101.3M | 101.25M | 102.36M | 104.54M | 105.09M | 105.05M | 106.26M | 101.87M | 97.24M | 97.08M | 96.94M | 96.82M | 96.81M | 96.55M |
| Basic Shares Outstanding | 99.93M | 99.79M | 99.78M | 99.4M | 99.11M | 99.19M | 100.44M | 100.26M | 100.66M | 101.66M | 101.62M | 101.47M | 100.64M | 97.59M | 97.24M | 97.08M | 96.94M | 96.82M | 96.81M | 96.55M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |