TH
IndustrialsTarget Hospitality Corp. · Specialty Business Services · $2B
What is Target Hospitality Corp.?
Target Hospitality Corp. is a specialty rental and hospitality services company serving government agencies, energy companies, and infrastructure contractors across North America. It owns and operates a network of workforce accommodation communities equipped with a full suite of support services.
Target Hospitality generates revenue by leasing specialty rental accommodation units and delivering bundled hospitality services to clients who need temporary workforce housing. Its four operating segments cover services in the South, Midwest, Government contracts, and the TCPL Keystone pipeline corridor. Beyond beds, the company provides catering, maintenance, housekeeping, security, health and recreation, and community management — making it a full-service operator rather than a simple landlord.
The company was founded in 2018 and is headquartered in The Woodlands, Texas.
- Specialty rental accommodation communities with approximately 15,528 beds
- Catering, food service, and laundry for workforce communities
- Security, housekeeping, and grounds-keeping services
- Government and contractor workforce community management
- Health, recreation, and concierge services on-site
Is TH a Good Stock to Buy?
UQS Score rates TH as Poor overall, reflecting meaningful structural challenges across several key pillars.
The Growth and Risk pillars both land at Neutral, suggesting the business is not in freefall — revenue exposure to government contracts provides some demand stability, and near-term risk metrics are not at an extreme level.
Both the Quality and Moat pillars register as Weak, pointing to limited competitive differentiation and below-average business fundamentals. The Valuation pillar reads as Elevated, meaning investors are not being compensated with a discount for those weaknesses.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does TH pay dividends?
No — Target Hospitality Corp. does not currently pay a dividend.
Target Hospitality does not currently pay a dividend. For a small-cap company operating in a capital-intensive, contract-driven industry, retaining cash for community maintenance, potential expansion, and balance sheet flexibility is a common priority over returning capital to shareholders.
When does TH report earnings?
Target Hospitality reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Revenue is tied closely to government contract activity and energy infrastructure demand, meaning quarterly results can shift meaningfully with contract renewals or project timelines. Investors should monitor segment-level performance across the Government and Hospitality divisions for directional signals.
For the most recent quarter's results and guidance, visit Target Hospitality Corp.'s investor relations page directly.
TH Price History
+313.0% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Target Hospitality Corp.?
Based on Target Hospitality Corp.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
TH Long-term Outlook
With Growth rated Neutral, Target Hospitality is not positioned as a high-velocity expansion story — but it is also not in visible decline. The Government segment provides a degree of demand visibility that can support baseline revenue continuity. However, the Weak Quality and Moat ratings suggest the business lacks the pricing power or structural advantages needed to convert revenue into consistently strong returns. An Elevated Valuation reading adds further caution, as the current market price does not appear to reflect the underlying pillar weaknesses.
Growth drivers
- Government contract renewals and potential scope expansions
- Energy infrastructure activity driving workforce housing demand
- Bundled service model creating switching costs for existing clients
Key risks
- Contract concentration — loss of key government or energy clients would be material
- Elevated valuation leaves limited margin of safety if fundamentals deteriorate
- Weak moat means competitors can replicate the service model with sufficient capital
TH vs Peers
Target Hospitality operates in a niche corner of the Industrials sector, but it shares the small-cap services landscape with several other companies worth understanding.
CBIZ focuses on professional business services including accounting and benefits administration, serving a broader commercial client base than TH's government and energy focus.
Eastman Kodak has pivoted toward advanced materials and print technology, operating in an entirely different end market from Target Hospitality's workforce accommodation model.
Resolute Holdings operates in the management services space, with a different client profile and revenue structure compared to TH's asset-heavy community ownership model.
Frequently Asked Questions
What does Target Hospitality Corp. do?
Target Hospitality owns and operates specialty rental accommodation communities, primarily serving U.S. government agencies, energy infrastructure companies, and their contractors. Beyond providing beds, it delivers a full suite of on-site services including catering, security, housekeeping, and community management across 27 locations in North America.
Does TH pay dividends?
No, Target Hospitality does not currently pay a dividend. The company operates in a capital-intensive industry where retaining cash for operations and contract-related investments takes priority over shareholder distributions at this stage.
When does TH report earnings?
Target Hospitality reports on a standard quarterly cadence. For specific dates, check the company's investor relations page or your brokerage's earnings calendar, as our data source does not cover forward earnings dates.
Is TH a good stock to buy?
UQS Score rates TH as Poor, driven by Weak Quality and Moat pillars alongside an Elevated Valuation. While Growth and Risk are Neutral, the overall profile suggests meaningful headwinds. Investors should review the full pillar breakdown before forming a view.
Is TH overvalued?
The UQS Valuation pillar for TH is rated Elevated, indicating the current market price is not offering a discount relative to the company's fundamental profile. Combined with Weak Quality and Moat ratings, this is a notable consideration for value-conscious investors.
How does TH compare to its competitors?
Target Hospitality occupies a narrow niche in workforce accommodation services, which differs significantly from the broader service models of peers like CBIZ. Its government and energy client focus creates a distinct but concentrated revenue profile that sets it apart from more diversified small-cap industrials.
What is TH's market cap bracket?
Target Hospitality Corp. is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but typically carries higher volatility and less analyst coverage than large- or mega-cap peers.
Who founded Target Hospitality Corp.?
Target Hospitality Corp. was established in 2018, though its operational roots trace back to 1978. Founding and leadership history is publicly available through the company's official filings and investor relations materials.
Is TH a long-term quality investment?
As a long-term quality indicator, UQS rates TH as Poor. Weak scores on Quality and Moat suggest the business lacks the durable competitive advantages typically associated with compounding long-term returns. The Neutral Growth and Risk ratings offer some balance, but the overall profile warrants careful scrutiny.
What is the main competitive advantage of Target Hospitality?
Target Hospitality's primary advantage lies in its established network of owned communities and its bundled service model, which can create operational switching costs for clients. However, the UQS Moat pillar rates this advantage as Weak, suggesting it is not strongly differentiated at a structural level.
What sector does TH belong to?
Target Hospitality is classified in the Industrials sector. Within that broad category, it operates in the specialty services and workforce accommodation niche, serving government and energy infrastructure clients rather than traditional manufacturing or logistics end markets.
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Pro Analysis
TH — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 30.1 | 7.9 | 19.0 | 51.1 | 51.2 | 36.4 | +0.7 |
| May 8, 2026 | 29.4 | 0.0 | 19.0 | 51.1 | 36.9 | 59.1 | -1.0 |
| May 7, 2026 | 30.4 | 9.3 | 19.0 | 51.1 | 55.0 | 32.3 | -0.1 |
| May 3, 2026 | 30.5 | 9.3 | 19.0 | 51.1 | 55.0 | 32.8 | 0.0 |
| Apr 26, 2026 | 30.5 | 9.3 | 19.0 | 51.1 | 55.0 | 33.1 | +0.1 |
| Apr 19, 2026 | 30.4 | 9.3 | 19.0 | 51.1 | 55.0 | 32.7 | -0.1 |
| Apr 18, 2026 | 30.5 | 9.3 | 19.0 | 51.1 | 55.0 | 33.0 | -1.2 |
| Apr 12, 2026 | 31.7 | 9.3 | 19.0 | 51.1 | 55.0 | 41.2 | +0.2 |
| Apr 10, 2026 | 31.5 | 9.3 | 19.0 | 51.1 | 55.0 | 40.1 | +0.7 |
| Apr 5, 2026 | 30.8 | 9.3 | 19.0 | 51.1 | 55.0 | 34.8 | -0.1 |
TH — Pillar Breakdown
Quality
— 8.0/100 (25%)Target Hospitality Corp. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 51.1/100 (20%)Target Hospitality Corp. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 51.2/100 (15%)Target Hospitality Corp. has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 36.5/100 (15%)Target Hospitality Corp. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 19/100 (25%)Target Hospitality Corp. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for TH.
Score Composition
Financial Data
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How is the TH UQS Score Calculated?
The UQS (Unified Quality Score) for Target Hospitality Corp. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Target Hospitality Corp.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Target Hospitality Corp. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.