Feed / TH

Target Hospitality Corp.

TH

Industrials · 19.19 -5.1% today

Participation confirmed · construction unavailableMarket checked 9 Sept, 15:55 GMT-4

Market read

Target Hospitality Corp.'s move is being confirmed by its market group.

No new filing conclusion is available. 6 of 24 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Company-5.1% todayVolume comparison unavailable
Market group6 of 24 activeHealthcare REITs · inactive
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
  • At least 16 of 24 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as DHC begins moving with the group.

Invalidation: The live read weakens if participation falls to 8 of 24 members or fewer.

Watch this read

Research brief

The story so far

Industrials · Specialty Business Services

No new filing conclusion is available. 6 of 24 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 16 of 24 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as DHC begins moving with the group.

Company research

Understand the business, not just the ticker

As of Sep 9, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations318
Usable filing statements143
Verified relationships0
Evidence supporting the case
  • Capital investment and capacity has repeated favorable evidence across 4 filings.
  • Data center and AI demand has repeated favorable evidence across 3 filings.
Evidence challenging the case
  • Operating margin changed -53.6 percentage points in the latest annual period.
  • Net margin changed -40.3 percentage points in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 9, 2026

19.19
6m+150.8%12m+117.2%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$214.4M+24.5%$-0.05+0.6%
2022-12-31$333.7M+55.6%$0.74+3.6%
2023-12-31$365.6M+9.6%$1.56+5.3%
2024-12-31$265.9M-27.3%$0.70-3.7%
2025-12-31$274.8M+3.4%$-0.37-1.9%

What management says matters

Persistent and emerging business drivers

Capital investment and capacitymixed · 4 filings
This increase in net cash used in investing activities was primarily related to an increase in growth capital expenditures in the WHS segment to support the new WHS contracts that were executed and expanded upon since March 31, 2025 (a portion of which is bei…
10-Q · May 11, 2026
Credit and interest ratesnegative · 4 filings
The change in interest expense, net was primarily driven by a decrease in interest expense on the 2025 Senior Secured Notes led by their early redemption on March 25, 2025, partially offset by a decrease in interest income earned on cash equivalents.
10-Q · May 11, 2026
Data center and AI demandmixed · 3 filings
The increase in specialty rental costs was primarily due to higher costs in the Government segment associated with increased activity under the DIPC Contract, as well as growth in the WHS segment, led by the Data Center Community Contract entered into in Sept…
10-Q · May 11, 2026
Input and raw-material costsnegative · 2 filings
These cost increases were partially offset by a decrease in costs of approximately ($1.3) million in the All Other category of operating segments driven by a community that incurred lodge removal and transportation costs in the prior period that did not recur…
10-K · Mar 11, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

19.19-5.1% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 9 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for TH. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for TH. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind TH

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

TH is currently a Participant in the organic co-movement group Healthcare REITs. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.