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Target Hospitality Corp is a vertically integrated specialty rental and hospitality services company in the United States. The company provides vertically integrated specialty rental and comprehensive hospitality services including catering food services, maintenance, housekeeping, grounds-keeping, on-site security, overall workforce lodge management, and laundry service. Its operating segment includes HFS-South and HFS-Midwest; Government; TCPL Keystone and others. It generates a majority of its revenue from the Government segment which consists of specialty rental and vertically integrated hospitality services revenue from customers with Government contracts located in Texas.
2019
770
LTM Revenue $339M
LTM EBITDA $137M
$748M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Target Hospitality has a last 12-month revenue (LTM) of $339M and a last 12-month EBITDA of $137M.
In the most recent fiscal year, Target Hospitality achieved revenue of $386M and an EBITDA of $188M.
Target Hospitality expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Target Hospitality valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $339M | XXX | $386M | XXX | XXX | XXX |
| Gross Profit | $120M | XXX | $178M | XXX | XXX | XXX |
| Gross Margin | 35% | XXX | 46% | XXX | XXX | XXX |
| EBITDA | $137M | XXX | $188M | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 49% | XXX | XXX | XXX |
| EBIT | $53.4M | XXX | $109M | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 28% | XXX | XXX | XXX |
| Net Profit | $30.4M | XXX | $71.3M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 18% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Target Hospitality's stock price is $7.
Target Hospitality has current market cap of $727M, and EV of $748M.
See Target Hospitality trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $748M | $727M | XXX | XXX | XXX | XXX | $0.30 |
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Start Free TrialAs of May 30, 2025, Target Hospitality has market cap of $727M and EV of $748M.
Target Hospitality's trades at 1.9x EV/Revenue multiple, and 4.0x EV/EBITDA.
Equity research analysts estimate Target Hospitality's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Target Hospitality has a P/E ratio of 23.9x.
See valuation multiples for Target Hospitality and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $727M | XXX | $727M | XXX | XXX | XXX |
| EV (current) | $748M | XXX | $748M | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 5.4x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBIT | 14.0x | XXX | 6.9x | XXX | XXX | XXX |
| EV/Gross Profit | 6.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 23.9x | XXX | 10.2x | XXX | XXX | XXX |
| EV/FCF | 8.9x | XXX | 6.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialTarget Hospitality's last 12 month revenue growth is -16%
Target Hospitality's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.
Target Hospitality's rule of 40 is 43% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Target Hospitality's rule of X is 0% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Target Hospitality and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | -16% | XXX | -12% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 49% | XXX | XXX | XXX |
| EBITDA Growth | -55% | XXX | -60% | XXX | XXX | XXX |
| Rule of 40 | 43% | XXX | 32% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 0% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.5M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 18% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Arcadis | XXX | XXX | XXX | XXX | XXX | XXX |
| Envipco | XXX | XXX | XXX | XXX | XXX | XXX |
| Cleanaway | XXX | XXX | XXX | XXX | XXX | XXX |
| The Environmental Group | XXX | XXX | XXX | XXX | XXX | XXX |
| EnviroSuite | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Target Hospitality acquired XXX companies to date.
Last acquisition by Target Hospitality was XXXXXXXX, XXXXX XXXXX XXXXXX . Target Hospitality acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Target Hospitality founded? | Target Hospitality was founded in 2019. |
| Where is Target Hospitality headquartered? | Target Hospitality is headquartered in United States of America. |
| How many employees does Target Hospitality have? | As of today, Target Hospitality has 770 employees. |
| Who is the CEO of Target Hospitality? | Target Hospitality's CEO is Mr. James B. Archer. |
| Is Target Hospitality publicy listed? | Yes, Target Hospitality is a public company listed on NAS. |
| What is the stock symbol of Target Hospitality? | Target Hospitality trades under TH ticker. |
| When did Target Hospitality go public? | Target Hospitality went public in 2018. |
| Who are competitors of Target Hospitality? | Similar companies to Target Hospitality include e.g. Arcadis, Envipco, Cleanaway, The Environmental Group. |
| What is the current market cap of Target Hospitality? | Target Hospitality's current market cap is $727M |
| What is the current revenue of Target Hospitality? | Target Hospitality's last 12 months revenue is $339M. |
| What is the current revenue growth of Target Hospitality? | Target Hospitality revenue growth (NTM/LTM) is -16%. |
| What is the current EV/Revenue multiple of Target Hospitality? | Current revenue multiple of Target Hospitality is 2.2x. |
| Is Target Hospitality profitable? | Yes, Target Hospitality is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Target Hospitality? | Target Hospitality's last 12 months EBITDA is $137M. |
| What is Target Hospitality's EBITDA margin? | Target Hospitality's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of Target Hospitality? | Current EBITDA multiple of Target Hospitality is 5.4x. |
| What is the current FCF of Target Hospitality? | Target Hospitality's last 12 months FCF is $84.2M. |
| What is Target Hospitality's FCF margin? | Target Hospitality's last 12 months FCF margin is 25%. |
| What is the current EV/FCF multiple of Target Hospitality? | Current FCF multiple of Target Hospitality is 8.9x. |
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