Target Hospitality financials
$19.28−0.10%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 |
|---|---|---|---|---|---|---|---|
| Revenue | $320.6M | $386.3M | $563.6M | $502.0M | $291.3M | $225.1M | $321.1M |
| Gross profit | $42.7M | $178.2M | $313.3M | $247.1M | $101.3M | $57.2M | $147.0M |
| Gross margin | 13.3% | 46.1% | 55.6% | 49.2% | 34.8% | 25.4% | 45.8% |
| Operating income | -$32.1M | $108.3M | $241.8M | $174.4M | $37.1M | $4.1M | $47.8M |
| Net income | -$37.1M | $71.3M | $173.7M | $73.9M | -$4.6M | -$25.1M | $12.0M |
| Net margin | −11.6% | 18.4% | 30.8% | 14.7% | −1.6% | −11.2% | 3.7% |
| Diluted EPS | $-0.37 | $0.70 | $1.56 | $0.74 | $-0.05 | $-0.26 | $0.13 |
| EBITDA | $27.9M | $167.6M | $312.4M | $242.0M | $107.6M | $69.7M | $106.9M |
| Operating cash flow | $74.1M | $151.7M | $156.8M | $305.6M | $104.6M | $46.8M | $60.5M |
| Free cash flow | $73.3M | $151.0M | $153.7M | $285.1M | $104.2M | $34.2M | -$24.7M |
| Diluted shares | 99.5M | 101.4M | 105.3M | 100.1M | 96.6M | 96.0M | 94.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $8.3M | $190.7M | $103.9M | $181.7M | $23.4M | $7.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $3.8M | $183.6M | $180.5M | $331.1M | $331.6M | $378.3M |
| Total assets | $530.2M | $725.8M | $694.4M | $771.7M | $513.4M | $534.2M |
| Total liabilities | $141.1M | $304.7M | $317.0M | $570.9M | $416.1M | $435.3M |
| Shareholders' equity | $389.1M | $421.1M | $377.3M | $200.8M | $97.3M | $98.9M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology