TH Profit Margins - Target Hospitality Corp.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	28.88%	-13.70%	-16.52%
2026-03-31	12.25%	-25.48%	-22.99%
2025-12-31	9.63%	-22.90%	-20.33%
2025-09-30	19.60%	0.08%	-0.87%
2025-06-30	-0.60%	-30.82%	-27.20%
2025-03-31	32.72%	-1.96%	-11.77%
2024-12-31	61.49%	34.54%	20.76%
2024-09-30	68.71%	42.54%	30.39%
2024-06-30	69.45%	43.79%	27.24%
2024-03-31	67.78%	42.04%	28.15%
2023-12-31	73.46%	54.50%	44.66%
2023-09-30	92.75%	72.39%	48.73%
2023-06-30	89.02%	69.99%	50.21%
2023-03-31	86.43%	65.33%	46.21%
2022-12-31	85.91%	65.75%	32.33%
2022-09-30	80.36%	58.20%	18.47%
2022-06-30	70.65%	50.87%	30.73%
2022-03-31	47.58%	21.10%	0.84%
2021-12-31	49.24%	23.05%	4.72%
2021-09-30	50.11%	24.87%	9.95%
2021-06-30	49.98%	20.04%	-1.68%
2021-03-31	33.84%	-12.14%	-38.79%
2020-12-31	24.60%	-6.23%	-22.70%
2020-09-30	33.07%	-2.68%	-21.46%
2020-06-30	20.16%	-15.87%	-33.62%
2020-03-31	49.29%	25.52%	9.90%
2019-12-31	53.09%	18.98%	9.77%
2019-09-30	57.19%	34.16%	14.19%
2019-06-30	59.16%	37.08%	15.98%
2019-03-31	55.32%	-15.96%	-20.48%
2018-12-31	61.38%	52.40%	9.14%
2018-09-30	43.69%	13.15%	1.41%
2018-06-30	47.81%	26.21%	9.73%
2018-03-31	41.67%	-3.04%	-10.85%

Date	Gross margin	Operating margin	Net margin
2025-12-31	15.52%	-12.64%	-13.51%
2024-12-31	67.01%	40.91%	26.80%
2023-12-31	85.69%	65.81%	47.51%
2022-12-31	74.06%	52.25%	22.16%
2021-12-31	47.27%	17.30%	-2.13%
2020-12-31	33.19%	2.38%	-14.59%
2019-12-31	56.27%	18.36%	4.58%
2018-12-31	48.29%	21.89%	2.65%
2017-12-31	70.33%	28.45%	1.30%