Financial Snapshot

Revenue
$428.8M
TTM
Gross Margin
47.33%
TTM
Net Earnings
$96.61M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
100.91%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$417.6M
Q3 2024
Cash
Q3 2024
P/E
7.978
Nov 29, 2024 EST
Free Cash Flow
$128.2M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $563.6M $502.0M $291.3M $225.1M $321.1M $240.6M $134.2M
YoY Change 12.28% 72.3% 29.4% -29.88% 33.46% 79.28%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $563.6M $502.0M $291.3M $225.1M $321.1M $240.6M $134.2M
Cost Of Revenue $250.3M $254.9M $190.0M $168.0M $174.1M $135.0M $81.20M
Gross Profit $313.3M $247.1M $101.4M $57.16M $147.0M $90.23M $53.00M
Gross Profit Margin 55.59% 49.23% 34.79% 25.39% 45.78% 37.5% 39.49%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $56.13M $57.89M $46.46M $38.13M $76.65M $41.34M $24.30M
YoY Change -3.05% 24.61% 21.86% -50.26% 85.41% 70.12%
% of Gross Profit 17.91% 23.43% 45.84% 66.71% 52.14% 45.81% 45.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $70.53M $54.36M $55.88M $50.87M $44.59M $31.95M $30.14M
YoY Change 29.74% -2.72% 9.85% 14.1% 39.54% 6.01%
% of Gross Profit 22.51% 22.0% 55.14% 89.0% 30.33% 35.41% 56.87%
Operating Expenses $56.13M $57.89M $46.46M $38.13M $76.65M $41.34M $29.50M
YoY Change -3.05% 24.61% 21.86% -50.26% 85.41% 40.14%
Operating Profit $240.6M $174.4M $37.10M $4.101M $47.97M $40.91M $23.50M
YoY Change 37.99% 370.0% 804.63% -91.45% 17.25% 74.08%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense -$22.64M -$68.06M -$39.77M -$40.00M -$33.30M -$24.30M $5.200M
YoY Change -66.74% 71.12% -0.57% 20.12% 37.04% -567.31%
% of Operating Profit -9.41% -39.03% -107.2% -975.37% -69.42% -59.4% 22.13%
Other Income/Expense, Net $9.062M $2.300M $5.900M $5.600M
YoY Change -61.02% 5.36%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income $224.8M $106.3M -$2.672M -$33.59M $19.58M $16.71M $26.60M
YoY Change 111.41% -4078.63% -92.04% -271.54% 17.16% -37.18%
Income Tax $51.10M $32.40M $1.900M -$8.500M $7.600M $11.80M $13.50M
% Of Pretax Income 22.74% 30.48% 38.82% 70.61% 50.75%
Net Earnings $173.7M $73.94M -$4.576M -$25.13M $11.97M $4.956M $1.000M
YoY Change 134.92% -1715.8% -81.79% -309.91% 141.57% 395.6%
Net Earnings / Revenue 30.82% 14.73% -1.57% -11.16% 3.73% 2.06% 0.75%
Basic Earnings Per Share $1.71 $0.76 -$0.05 -$0.26 $0.13
Diluted Earnings Per Share $1.56 $0.74 -$0.05 -$0.26 $0.13 $121.1K $38.91K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $103.9M $181.7M $23.41M $7.000M $6.800M $12.20M $0.00
YoY Change -42.79% 676.18% 234.37% 2.94% -44.26%
Cash & Equivalents $103.9M $181.7M $23.41M $7.000M $6.800M $12.20M
Short-Term Investments
Other Short-Term Assets $9.479M $12.55M $8.350M $7.200M $4.600M $4.000M
YoY Change -24.49% 50.34% 15.97% 56.52% 15.0%
Inventory
Prepaid Expenses
Receivables $67.09M $42.15M $28.78M $28.20M $48.50M $57.10M
Other Receivables $0.00 $0.00 $0.00 $1.200M $900.0K $1.700M
Total Short-Term Assets $180.5M $236.4M $60.54M $43.60M $60.80M $75.00M $0.00
YoY Change -23.64% 290.48% 38.84% -28.29% -18.93%
Property, Plant & Equipment $403.4M $416.3M $303.0M $322.5M $365.2M $312.4M
YoY Change -3.11% 37.38% -6.03% -11.69% 16.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $330.4M
YoY Change
Other Assets $3.140M $2.803M $20.29M $24.00M $15.90M $16.00M $200.0K
YoY Change 12.02% -86.18% -15.46% 50.94% -0.63% 7900.0%
Total Long-Term Assets $513.9M $535.3M $452.9M $490.6M $540.0M $490.0M $200.0K
YoY Change -4.02% 18.22% -7.69% -9.15% 10.2% 244900.0%
Total Assets $694.4M $771.7M $513.4M $534.2M $600.8M $565.0M $200.0K
YoY Change
Accounts Payable $20.93M $17.56M $11.80M $10.60M $7.800M $21.60M
YoY Change 19.15% 48.8% 11.35% 35.9% -63.89%
Accrued Expenses $45.57M $52.16M $33.13M $24.70M $35.30M $23.30M $200.0K
YoY Change -12.64% 57.45% 34.11% -30.03% 51.5% 11550.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.369M $1.135M $729.0K $3.600M $1.000M $2.400M
YoY Change 20.62% 55.69% -79.75% 260.0% -58.33%
Total Short-Term Liabilities $70.33M $190.9M $72.80M $45.50M $60.90M $65.10M $200.0K
YoY Change -63.16% 162.23% 59.99% -25.29% -6.45% 32450.0%
Long-Term Debt $179.1M $329.9M $330.9M $374.8M $404.3M $128.6M $0.00
YoY Change -45.71% -0.29% -11.71% -7.3% 214.39%
Other Long-Term Liabilities $14.53M $34.88M $12.42M $14.50M $12.20M $22.30M
YoY Change -58.35% 180.87% -14.37% 18.85% -45.29%
Total Long-Term Liabilities $193.6M $364.8M $343.3M $389.3M $416.5M $150.9M $0.00
YoY Change -46.92% 6.26% -11.81% -6.53% 176.01%
Total Liabilities $317.0M $570.9M $416.1M $434.8M $477.4M $216.0M $200.0K
YoY Change -44.46% 37.19% -4.3% -8.92% 121.02% 107900.0%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 101.4M 97.21M 96.61M 96.02M 94.50M
Diluted Shares Outstanding 105.3M 100.1M 96.61M 96.02M 94.50M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $770.75 Million

About Target Hospitality Corp.

Target Hospitality Corp. engages in the provision of rental accommodation with catering and hospitality services. The company is headquartered in The Woodlands, Texas and currently employs 984 full-time employees. The company went IPO on 2018-03-05. The firm operates through three segments: HFS - South, Government, and All Other. HFS - South Segment operations consist primarily of specialty rental and vertically integrated hospitality services revenue from customers in the natural resources and development industry located primarily in Texas and New Mexico. Government Segment operations consist primarily of specialty rental and vertically integrated hospitality services revenue from customers with government contracts located in Texas. All Other Segment operations consist primarily of revenue from specialty rental and vertically integrated hospitality services revenue from customers primarily in the natural resources and development industry located outside the HFS - South segment. The firm provides specialty rental accommodations, culinary services, and hospitality solutions.

Industry: Hotels, Rooming Houses, Camps & Other Lodging Places Peers: Airbnb, Inc. Global Business Travel Group, Inc. LINDBLAD EXPEDITIONS HOLDINGS, INC. Sonder Holdings Inc. Hilton Grand Vacations Inc. Mondee Holdings, Inc. MARRIOTT VACATIONS WORLDWIDE Corp Soho House & Co Inc. Travel & Leisure Co. Vacasa, Inc.