TH - Target Hospitality Corp.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$16.00
DETAILS
HIGH:
$21.00
LOW:
$11.00
MEDIAN:
$16.00
CONSENSUS:
$16.00
DOWNSIDE:
10.61%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 320.6 | 386.3 | 563.6 | 502.0 | 291.3 | 225.1 | 321.1 | 240.6 | 134.2 | 149.5 |
| Cost of Revenue | 307.7 | 208.1 | 250.3 | 254.9 | 190.0 | 168.0 | 174.1 | 150.4 | 81.2 | 52.0 |
| Gross Profit | 13.0 | 178.2 | 313.3 | 247.1 | 101.3 | 57.2 | 147.0 | 90.2 | 53.0 | 97.4 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 41.3 | 54.3 | 56.1 | 57.9 | 46.5 | 38.1 | 76.6 | 41.3 | 24.3 | 15.8 |
| Other Expenses | 0 | 15.1 | 16.6 | 14.9 | 17.8 | 14.9 | 22.4 | 8.3 | 0.5 | 0 |
| Operating Expenses | 41.3 | 69.4 | 72.7 | 72.8 | 64.3 | 53.1 | 99.0 | 48.9 | 30.0 | 56.7 |
| Operating Income | ||||||||||
| Operating Income | (28.3) | 108.8 | 240.6 | 174.4 | 37.1 | 4.1 | 48.0 | 40.9 | 21.5 | 40.3 |
| Interest Expense | 8.4 | 23.3 | 26.8 | 37.9 | 34.4 | 40.0 | 33.4 | 24.2 | 2.8 | 0 |
| Interest Income | 2.3 | 6.7 | 4.1 | 1.5 | 0 | 0 | 0 | 0 | 8.0 | 3.5 |
| Profitability | ||||||||||
| EBITDA | 61.5 | 125.1 | 332.6 | 224.3 | 102.2 | 68.1 | 108.7 | 80.2 | 59.6 | 81.6 |
| EBIT | (28.3) | 109.5 | 248.6 | 144.2 | 31.7 | 2.5 | 49.8 | 40.9 | 29.4 | 40.3 |
| Income Before Tax | (43.2) | 92.8 | 224.8 | 106.3 | (2.7) | (33.6) | 19.6 | 16.7 | 26.6 | 44.2 |
| Income Tax Expense | (6.1) | 21.4 | 51.0 | 32.4 | 1.9 | (8.5) | 7.6 | 11.8 | 25.6 | 17.3 |
| Net Income | (37.1) | 71.3 | 173.7 | 73.9 | (4.6) | (25.1) | 12.0 | 5.0 | 1.0 | 26.9 |
| Per Share Data | ||||||||||
| EPS (Basic) | -0.37 | 0.71 | 1.62 | 0.76 | -0.05 | -0.29 | 0.13 | 0.12 | 0.02 | 0.66 |
| EPS (Diluted) | -0.37 | 0.70 | 1.56 | 0.74 | -0.05 | -0.29 | 0.13 | 0.12 | 0.02 | 0.66 |
| Shares Outstanding | 99.5 | 100.1 | 101.4 | 97.2 | 96.6 | 96.0 | 94.5 | 40.6 | 40.6 | 40.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 8.3 | 190.7 | 103.9 | 181.7 | 23.4 | 7.0 | 6.8 | 12.2 | 12.5 | 3.8 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 56.2 | 49.3 | 67.1 | 42.2 | 28.8 | 29.4 | 49.4 | 58.8 | 18.1 | 9.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.9 | 0.5 | 0 |
| Other Current Assets | 8.8 | 9.3 | 9.5 | 12.6 | 0 | 0 | 0 | 0 | 2.9 | 117.5 |
| Total Current Assets | 73.3 | 249.3 | 180.5 | 236.4 | 60.5 | 43.6 | 60.8 | 75.0 | 36.1 | 132.4 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 42.3 | 380.7 | 403.4 | 416.3 | 303.0 | 322.5 | 365.2 | 312.4 | 199.4 | 193.9 |
| Goodwill | 41.0 | 41.0 | 41.0 | 41.0 | 41.0 | 41.0 | 41.0 | 34.2 | 8.1 | 0 |
| Intangible Assets | 39.3 | 52.8 | 66.9 | 75.2 | 88.5 | 103.1 | 117.9 | 127.4 | 38.3 | 28.5 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.4 | 0 | 0 |
| Other Non-Current Assets | 334.2 | 1.9 | 2.5 | 2.8 | 5.6 | 8.8 | 9.4 | 0.3 | (245.5) | 69.5 |
| Total Non-Current Assets | 456.9 | 476.4 | 513.9 | 535.3 | 452.9 | 490.7 | 540.0 | 490.0 | 0.2 | 291.9 |
| Total Assets | 530.2 | 725.8 | 694.4 | 771.7 | 513.4 | 534.2 | 600.8 | 565.0 | 0.2 | 424.3 |
| Current Liabilities | ||||||||||
| Account Payables | 44.4 | 16.2 | 20.9 | 17.6 | 11.8 | 10.6 | 7.8 | 21.6 | 0 | 2.6 |
| Short-Term Debt | 7.9 | 180.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.3 |
| Deferred Revenue | 9.3 | 0.7 | 1.8 | 120.0 | 27.1 | 6.6 | 16.8 | 17.8 | (33.5) | 0 |
| Other Current Liabilities | 22.5 | 7.7 | 10.3 | 11.9 | 12.5 | 6.2 | 7.1 | 5.8 | (4.7) | 21.8 |
| Total Current Liabilities | 84.0 | 233.4 | 70.3 | 190.9 | 72.8 | 45.5 | 60.9 | 65.1 | 0.2 | 40.4 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 0 | 178.1 | 328.8 | 330.2 | 374.5 | 403.3 | 20.6 | 222.1 | 17.6 |
| Deferred Tax Liabilities | 42.3 | 49.3 | 53.1 | 15.2 | 0 | 0 | 0 | 2.6 | 0 | 0 |
| Other Non-Current Liabilities | 12.0 | 2.6 | 2.4 | 18.3 | 5.1 | 3.3 | 5.7 | 130.3 | (223.8) | 55.7 |
| Total Non-Current Liabilities | 57.1 | 71.3 | 246.7 | 380.0 | 343.3 | 389.8 | 419.3 | 150.9 | 265.8 | 73.3 |
| Total Liabilities | 141.1 | 304.7 | 317.0 | 570.9 | 416.1 | 435.3 | 480.3 | 216.0 | 0.2 | 113.7 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 274.7 |
| Retained Earnings | 295.3 | 332.4 | 261.1 | 87.7 | 13.7 | 18.3 | 43.5 | 351.5 | (0.0) | 38.2 |
| Accumulated Other Comprehensive Income | (2.8) | (2.8) | (2.6) | (2.6) | (2.5) | (2.4) | (2.6) | (2.5) | (1.6) | (2.2) |
| Total Stockholders' Equity | 389.3 | 421.1 | 377.3 | 200.8 | 97.3 | 98.9 | 120.5 | 349.0 | 0.0 | 310.6 |
| Total Liabilities & Equity | 530.2 | 725.8 | 694.4 | 771.7 | 513.4 | 534.2 | 600.8 | 565.0 | 0.2 | 424.3 |
| Debt Metrics | ||||||||||
| Total Debt | 10.7 | 209.6 | 200.8 | 354.7 | 331.6 | 378.3 | 405.2 | 131.1 | 252.6 | 29.8 |
| Net Debt | 2.3 | 19.0 | 96.9 | 173.0 | 308.2 | 371.4 | 398.5 | 118.9 | 240.0 | 26.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (37.1) | 71.4 | 173.7 | 73.9 | (4.6) | (27.5) | 6.2 | 5.0 | 1.0 | 26.9 |
| Depreciation & Amortization | 73.4 | 72.8 | 84.0 | 67.7 | 70.5 | 65.6 | 58.9 | 39.1 | 30.1 | 41.3 |
| Stock-Based Compensation | 0 | 7.3 | 11.2 | 19.2 | 5.1 | 3.6 | 1.7 | 11.4 | 0 | 0 |
| Change in Working Capital | 23.7 | (9.1) | (165.5) | 66.5 | 25.3 | 6.5 | (26.9) | (43.9) | (13.4) | (2.9) |
| Other Non-Cash Items | 14.1 | 13.1 | 15.5 | 48.4 | 7.9 | 7.3 | 14.5 | 3.8 | 0.8 | (20.7) |
| Operating Cash Flow | 74.1 | 151.7 | 156.8 | 305.6 | 104.6 | 46.8 | 60.5 | 26.2 | 40.8 | 44.7 |
| Investing Activities | ||||||||||
| Capital Expenditure | (67.0) | (30.2) | (68.4) | (140.8) | (35.5) | (12.2) | (84.7) | (79.7) | (16.2) | (5.1) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 1.0 | (30) | (200.4) | (36.5) | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.2) | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 |
| Other Investing Activities | (67.8) | 1.4 | (4.3) | 0.6 | (0.4) | 0.2 | 2.0 | 59.1 | (77.5) | 0 |
| Investing Cash Flow | (67.8) | (28.8) | (68.2) | (140.2) | (35.9) | (10.9) | (112.7) | (220.9) | (130.2) | (5.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (185.6) | (1.7) | (154.5) | (6.5) | (52.2) | (30.1) | 390.1 | (121.9) | 1.7 | (50.6) |
| Stock Repurchased | 0 | (33.5) | (6.8) | 0 | (0.1) | (5.3) | (18.2) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (26.7) | (23.6) | 0 |
| Other Financing Activities | (3.0) | (0.9) | (5.1) | (0.6) | 0 | (0.2) | (325.1) | 343.2 | 96.4 | 10.7 |
| Financing Cash Flow | (188.6) | (36.1) | (166.4) | (7.1) | (52.3) | (35.7) | 46.7 | 194.6 | 98.1 | (39.9) |
| Cash Position | ||||||||||
| Net Change in Cash | (182.3) | 86.7 | (77.7) | 158.3 | 16.4 | 0.1 | (5.6) | (0.3) | 8.7 | (0.4) |
| Cash at Beginning | 190.7 | 103.9 | 181.7 | 23.4 | 7.0 | 6.8 | 12.5 | 12.5 | 3.8 | 4.2 |
| Cash at End | 8.3 | 190.7 | 103.9 | 181.7 | 23.4 | 7.0 | 6.8 | 12.2 | 12.5 | 3.8 |
| Free Cash Flow | 7.1 | 121.4 | 88.4 | 164.8 | 69.1 | 34.6 | (24.2) | (53.5) | 24.6 | 39.6 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 320.6 | 386.3 | 563.6 | 502.0 | 291.3 | 225.1 | 321.1 | 240.6 | 134.2 | 149.5 |
| Gross Profit | 13.0 | 178.2 | 313.3 | 247.1 | 101.3 | 57.2 | 147.0 | 90.2 | 53.0 | 97.4 |
| Operating Income | (28.3) | 108.8 | 240.6 | 174.4 | 37.1 | 4.1 | 48.0 | 40.9 | 21.5 | 40.3 |
| Net Income | (37.1) | 71.3 | 173.7 | 73.9 | (4.6) | (25.1) | 12.0 | 5.0 | 1.0 | 26.9 |
| EPS (Diluted) | -0.37 | 0.70 | 1.56 | 0.74 | -0.05 | -0.29 | 0.13 | 0.12 | 0.02 | 0.66 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 8.3 | 190.7 | 103.9 | 181.7 | 23.4 | 7.0 | 6.8 | 12.2 | 12.5 | 3.8 |
| Total Assets | 530.2 | 725.8 | 694.4 | 771.7 | 513.4 | 534.2 | 600.8 | 565.0 | 0.2 | 424.3 |
| Total Debt | 10.7 | 209.6 | 200.8 | 354.7 | 331.6 | 378.3 | 405.2 | 131.1 | 252.6 | 29.8 |
| Stockholders' Equity | 389.3 | 421.1 | 377.3 | 200.8 | 97.3 | 98.9 | 120.5 | 349.0 | 0.0 | 310.6 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 74.1 | 151.7 | 156.8 | 305.6 | 104.6 | 46.8 | 60.5 | 26.2 | 40.8 | 44.7 |
| Capital Expenditure | (67.0) | (30.2) | (68.4) | (140.8) | (35.5) | (12.2) | (84.7) | (79.7) | (16.2) | (5.1) |
| Free Cash Flow | 7.1 | 121.4 | 88.4 | 164.8 | 69.1 | 34.6 | (24.2) | (53.5) | 24.6 | 39.6 |