Target Hospitality Corp. (TH) Stock

Target Hospitality Corp. (TH) is a Consumer Discretionary stock trading at $17.63 (as of 2026-08-20), with a market capitalization of $1.77B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Target Hospitality Corp. provides specialty rental lodging and related hospitality and facilities services through segments including South, Midwest, Government, and TCPL Keystone. It operates multiple lodging communities with thousands of beds and also offers services such as catering/food, maintenance, housekeeping, security, health and recreation, and community management for U.S. government entities and contractors, along with other industrial customers.

Understand Target Hospitality Corp.: how it makes money

Target Hospitality Corp. provides specialty rental accommodation and hospitality services, including catering and facilities support, and it generates revenue by operating across its communities and delivering its services through segments such as Government.

Profitability appears to depend on how contracted revenue minimums and bed utilization translate into service revenue across its community footprint.

Revenue by segment (latest quarter)
South$0.0B
Midwest$0.0B
Government$0.0B
TCPL Keystone$0.0B

Business quality (Weak): Latest-quarter profitability is weak (gross margin 9.5%, operating margin -19.7%), so investors likely focus on operational revenue support, such as the committed revenue minimum, and on occupancy drivers like utilization of beds.

Bull case

  • Contracted revenue support: The company tracks a “Committed Revenue Minimum,” which suggests a baseline level of revenue tied to its contract commitments.
  • Operational footprint in communities: It operates approximately 15,528 beds across 27 communities, with utilization metrics disclosed for its Hospitality and Facilities Services South segment.

Bear case

  • Operating losses in the latest quarter: For the period ended 2026-03-31, operating margin is -19.7%, indicating costs are exceeding operating revenue for that quarter.
  • Reliance on utilization translating into results: Even with committed revenue minimums, performance depends on utilization (beds used), so weaker occupancy can pressure results.
Valuation — source: SEC EDGAR (first-party)
Price$17.63
Market Cap$1.77B
EV / EBITDA40.8
Price / Book4.78
Price / Sales5.35
FCF Yield5.8%
DCF Value (model)$25.53
DCF Upside vs Price44.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$320.63M
Net Margin-11.6%
Revenue Growth (YoY)-17.0%
EPS Growth (YoY)-152.1%
Financial Health — source: SEC EDGAR
Altman Z-Score8.65 (safe)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Restaurants, Hotels & Motels)26.6
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderPrivate Capital Management, LLC ($43.25M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryRestaurants, Hotels & Motels
CEOJames Bradley Archer
Employees770
CountryUS
IPO Date2018-03-12

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TH earnings history · TH institutional & insider holders · TH KPIs & operating metrics · TH financials · TH investor presentations & press releases · TH SEC filings · TH peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.