Target Hospitality Corp.
THNasdaqConsumer Discretionary · Hotels, Rooming Houses, Camps & Other Lodging Places · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $274.8M | $265.9M | $365.6M | $333.7M | $214.4M | $172.2M |
| Operating income | −$34.7M | $108.8M | $240.6M | $174.4M | $37.1M | $4.1M |
| Net income | −$37.1M | $71.3M | $173.7M | $73.9M | −$4.6M | −$25.1M |
| 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 |
| Equity | $389.3M | $421.1M | $377.3M | $200.8M | $97.3M | $98.9M |
| EPS (diluted) | $-0.37 | $0.70 | $1.56 | $0.74 | $-0.05 | $-0.26 |
| Shares out. | 99.4M | 100.5M | 101.0M | 102.0M | 101.2M | 102.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −12.6%
- Net margin
- −13.5%
- Return on equity
- −9.5%
- Return on assets
- −7.0%
- Return on capital (ROCE)
- −7.8%
- Liabilities / assets
- 26.6%
- Debt / equity
- 0.36×
- Book value / share
- $3.92
- Revenue growth (YoY)
- 3.4%
- Net income growth (YoY)
- −152.1%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 4.14safe
- Accruals / assets
- −21.0%clean
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 2 warning● 5 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 8, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 11, 2025
- NT 10-Qmissed a reporting deadline ↗May 7, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Tdr Capital Ii Investments LpActivist (13D)Jun 1, 2026
- Private Capital Management, LlcPassive (13G)Apr 2, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 3.4M | 2.2 | +25.0% |
| Apr 30, 2026 | 2.7M | 1.6 | +9.3% |
| Apr 15, 2026 | 2.5M | 1.3 | +3.2% |
| Mar 31, 2026 | 2.4M | 5.1 | -8.8% |
| Mar 13, 2026 | 2.6M | 4.8 | -1.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Other material eventMay 28, 2026
- Shareholder vote · Other material eventMay 21, 2026
- Results of operationsMay 11, 2026
- Director / officer changeMay 7, 2026
- Other material eventApr 22, 2026
- Results of operationsApr 21, 2026
- Regulation FD disclosureApr 1, 2026
- Director / officer change · Regulation FD disclosureMar 11, 2026
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 4FORM 4Jun 1, 2026
- 4OWNERSHIP DOCUMENTJun 1, 2026
- SCHEDULE 13D/AJun 1, 2026
- 8-KFORM 8-KMay 28, 2026
- 424B7May 28, 2026
- 424B7May 27, 2026
- 4May 26, 2026
- 4May 26, 2026
- 4May 26, 2026
- 4May 26, 2026
- 4May 26, 2026
- 4May 26, 2026
- S-8FORM S-8May 21, 2026
- 8-KFORM 8-KMay 21, 2026
- 10-QMay 11, 2026
Event-driven situations (2)
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