Target Hospitality Corp.(TH)Stock Analysis
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Rank #2,401 of 2,879 stocks
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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
TH Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Target Hospitality Corp. (TH), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores TH at 29.5/100 on a 32-signal composite quality model, placing it at rank #2,401 of 2,879 stocks — the bottom half of the AI-ranked universe. TH scores in the top quartile across free cash flow (82.1). Areas of concern include revenue growth (8.9) and profitability (17.1), which score below median versus the broader universe. Shareholder dilution risk is elevated at 38.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Target Hospitality Corp. reports quarterly revenue of $72.8M, net income of $-12.9M, free cash flow of $7.0M. Top institutional holders of TH by reported 13-F value include Private Capital Management,, BlackRock,, Rubric Capital Management, based on the most recent SEC filings. TH trades on the Nasdaq exchange and files with the SEC under CIK 1712189. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Target Hospitality Corp. directly from SEC EDGAR. Target Hospitality Corp.'s 13F Pro composite quality score has ranged between 30 and 78 since 2024, currently 29.5 — a declining long-term trajectory across 15 quarterly and live scoring snapshots.
Revenue
Q1 2026
$72.8M
Net Income
Q1 2026
$-12.9M
Free Cash Flow
Q1 2026
$7.0M
D/E Ratio
Q1 2026
0.09
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
-31.5% YoYNet Income
-59.0% YoYOperating Income
-54.8% YoYEPS (Diluted)
-55.1% YoYTotal Assets
+4.5% YoYTotal Debt
+101.7% YoYOp. Cash Flow
-3.3% YoY| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2020 | FY 2019 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $386.3M -31.5% | $563.6M +12.3% | $502.0M +123.0% | $225.1M +37.8% | $163.3M +21.7% | $134.2M |
| Net Income | $71.3M -59.0% | $173.7M +134.9% | $73.9M +394.2% | $-25.1M -639.4% | $-3.4M -446.5% | $981.0K |
| Operating Income | $108.8M -54.8% | $240.6M +38.0% | $174.4M +4151.8% | $4.1M -91.5% | $48.0M +123.5% | $21.5M |
| EPS (Diluted) | $0.70 -55.1% | $1.56 +110.8% | $0.74 +384.6% | $-0.26 -300.0% | $0.13 | — |
| Total Assets | $725.8M +4.5% | $694.4M -10.0% | $771.7M +44.5% | $534.2M +0.0% | $534.2M +220578.8% | $242.1K |
| Total Debt | $364.0M +101.7% | $180.5M -45.5% | $331.1M -16.3% | $395.4M -6.5% | $423.0M | — |
| Operating Cash Flow | $151.7M -3.3% | $156.8M -48.7% | $305.6M +553.3% | $46.8M -22.7% | $60.5M +48.4% | $40.8M |
AI Insight: TH Financial Trends
Revenue has fallen 28% from Q2 2024's $101M peak while Target Hospitality swung to persistent losses, though debt has collapsed 91% to $34M by Q1 2026.
• Revenue declined sharply from $101M in Q2 2024 to $62M in Q2 2025, recovering partially to $73M in Q1 2026 — still 28% below peak.
• Operating income flipped from $30M in Q2 2024 to -$14M in Q1 2026, marking five consecutive quarters of operating losses.
• Total debt plummeted from $364M in Q4 2024 to $34M in Q1 2026, a $330M reduction in roughly four quarters.
• Operating cash flow remains weak and erratic, ranging $4M–$11M across Q1–Q2 2025 and dropping back to $7M in Q1 2026.
⚠ Net losses have persisted for five straight quarters; equity has eroded from $421M in Q4 2024 to $377M in Q1 2026.
⚠ Q3 2025 showed a potential inflection — $99M revenue and $53M operating CF — but Q4 2025 and Q1 2026 reversed sharply.
⚠ Debt reduction to $34M is dramatic; monitor whether it reflects asset sales or refinancing that could affect future capacity.
AI Insight: TH Ratio Trends
Target Hospitality has swung from ~29% operating margins in mid-2024 to deeply negative territory through Q1 2026, signaling a severe and sustained revenue collapse.
• Operating margin collapsed from 29.4% in Q3 2024 to -19.7% in Q1 2026, a ~49pp swing in five quarters.
• ROIC turned negative in Q1 2025 at -0.7% and deteriorated to -14.0% by Q1 2026, erasing prior capital efficiency.
• Leverage (D/E) fell sharply from 0.91 in Q2 2024 to 0.09 in Q1 2026, suggesting significant debt paydown or equity changes.
• Net profit margin turned negative in Q1 2025 at -9.2% and has not recovered, reaching -17.8% in Q1 2026.
⚠ Q3 2025 showed a brief near-breakeven operating margin of 0.1% — monitor whether any revenue recovery can be sustained.
⚠ ROA of -9.6% in Q1 2026 versus +11.3% in Q3 2024 raises questions about asset utilization and contract visibility.
⚠ The sharp D/E drop to 0.09 warrants scrutiny — if driven by asset sales or equity dilution rather than organic cash generation, it is not inherently positive.
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Available Research
13F Pro tracks comprehensive data for Target Hospitality Corp. including:
Top Institutional Holders of TH
Private Capital Management, LLC
$43.3M4,660,619 shBlackRock, Inc.
$23.0M2,483,749 shRubric Capital Management LP
$20.3M2,189,456 shPhiladelphia Financial Management of San Francisco, LLC
$15.0M1,616,642 shHighTower Advisors, LLC
$14.9M1,603,987 shDIMENSIONAL FUND ADVISORS LP
$13.3M1,428,773 shVANGUARD CAPITAL MANAGEMENT LLC
$13.0M1,405,541 shAMERICAN CENTURY COMPANIES INC
$10.8M1,169,063 shARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$10.0M1,081,081 shRENAISSANCE TECHNOLOGIES LLC
$8.8M951,302 sh
| Fund | Value | Shares |
|---|---|---|
| Private Capital Management, LLC | $43.3M | 4,660,619 |
| BlackRock, Inc. | $23.0M | 2,483,749 |
| Rubric Capital Management LP | $20.3M | 2,189,456 |
| Philadelphia Financial Management of San Francisco, LLC | $15.0M | 1,616,642 |
| HighTower Advisors, LLC | $14.9M | 1,603,987 |
| DIMENSIONAL FUND ADVISORS LP | $13.3M | 1,428,773 |
| VANGUARD CAPITAL MANAGEMENT LLC | $13.0M | 1,405,541 |
| AMERICAN CENTURY COMPANIES INC | $10.8M | 1,169,063 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $10.0M | 1,081,081 |
| RENAISSANCE TECHNOLOGIES LLC | $8.8M | 951,302 |
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Is TH a good stock to buy?
13F Pro's AI-powered analysis of Target Hospitality Corp. (TH) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for TH are available on the TH stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own TH?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling TH. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Target Hospitality Corp.'s investment landscape.