Financials in USD. Standardized financial statements.
A compact view of how Target Hospitality Corp. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $320.63M | $386.27M | $563.61M | $501.99M | $291.34M | $225.15M | $321.10M | $240.60M | $134.24M | $149.47M |
| Revenue Growth? | -17.0% | -31.5% | +12.3% | +72.3% | +29.4% | -29.9% | +33.5% | +79.2% | -10.2% | 0.0% |
| Cost of Revenue? | $307.65M | $208.09M | $250.28M | $254.86M | $189.99M | $167.99M | $174.08M | $150.37M | $81.19M | $52.03M |
| Gross Profit? | $12.98M | $178.18M | $313.32M | $247.13M | $101.35M | $57.16M | $147.01M | $90.23M | $53.05M | $97.44M |
| Gross Margin? | +4.0% | +46.1% | +55.6% | +49.2% | +34.8% | +25.4% | +45.8% | +37.5% | +39.5% | +65.2% |
| Operating Expenses? | $41.25M | $69.40M | $72.72M | $72.76M | $64.25M | $53.05M | $99.05M | $48.86M | $30.02M | $56.73M |
| Operating Income? | -$28.27M | $108.78M | $240.61M | $174.37M | $37.10M | $4.10M | $47.97M | $40.91M | $21.46M | $40.31M |
| EBITDA? | $61.45M | $125.10M | $332.62M | $224.29M | $102.21M | $68.11M | $108.68M | $80.24M | $59.56M | $81.64M |
| Income Before Tax | -$43.20M | $92.84M | $224.75M | $106.31M | -$2.67M | -$33.59M | $19.58M | $16.71M | $26.57M | $44.22M |
| Income Tax Expense | -$6.13M | $21.43M | $51.05M | $32.37M | $1.90M | -$8.46M | $7.61M | $11.76M | $25.58M | $17.31M |
| Net Income? | -$37.12M | $71.27M | $173.70M | $73.94M | -$4.58M | -$25.13M | $11.97M | $4.96M | $981,000 | $26.91M |
| EPS? | $-0.37 | $0.71 | $1.62 | $0.76 | $-0.05 | $-0.29 | $0.13 | $0.12 | $0.02 | $0.66 |
| Diluted EPS? | $-0.37 | $0.70 | $1.56 | $0.74 | $-0.05 | $-0.29 | $0.13 | $0.12 | $0.02 | $0.66 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality