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Target Hospitality Corp. revenue

Target Hospitality Corp.'s revenue was $321m in fiscal 2025, down 17.0% on the year before. Since fiscal 2017 ($134m) it has grown at a compound 11.5% a year. Over the last twelve months it was $347m.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue134241321225291502564386321347
Growth on the year before—+79.2%+33.5%−29.9%+29.4%+72.3%+12.3%−31.5%−17.0%—
Gross profit5390147571012473131784348

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Hospitality and Facilities Services South $135M ▼ 5.9%
Workforce Hospitality Solutions $92.5M —
Government $35.7M ▼ 67.7%
All Other Segments $11.3M ▼ 2.9%

These categories overlap or exclude eliminations, so shares aren't shown.

Products and services
Line of business Revenue YoY
Services $188M ▼ 29.5%
Construction Fee Income $87.3M —

These categories overlap or exclude eliminations, so shares aren't shown.

From Target Hospitality Corp.'s 10-K filed March 11, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Hotels, Resorts & Cruise Lines: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Target Hospitality Corp. $347m 11.9% -16.8%
Civeo Corp $707m 12.6% 0.7%
Greentree Hospitality Group Ltd. $153m -18.2% —
Lindblad Expeditions Holdings, Inc. $831m 18.3% 16.1%
Makemytrip Ltd $1.04bn 6.7% 26.8%
Yatra Online, Inc. $114m 21.2% —

Compare with peers

Head to head: CVEO vs THGHG vs THLIND vs THTH vs YTRA

More: Hotels, Resorts & Cruise Lines stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Target Hospitality Corp.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Target Hospitality Corp.