← Target Hospitality Corp.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $134.2m |
$0
-100.00%
|
$261.3m |
$172.2m
-34.10%
|
$214.4m
+24.53%
|
$333.7m
+55.62%
|
$365.6m
+9.57%
|
$265.9m
-27.27%
|
$274.8m
+3.35%
|
|
| Cost of Revenue | $81.2m |
$150.4m
+85.20%
|
$114.3m
-24.01%
|
$115.0m
+0.68%
|
$113.1m
-1.70%
|
$86.6m
-23.44%
|
$52.3m
-39.58%
|
$87.7m
+67.74%
|
$232.2m
+164.63%
|
|
| Gross Profit | $53.0m |
$90.2m
+70.11%
|
$147.0m
+62.92%
|
$57.2m
-61.12%
|
$101.3m
+77.32%
|
$247.1m
+143.84%
|
$313.3m
+26.79%
|
$178.2m
-43.13%
|
$42.7m
-76.06%
|
|
| Interest Income (Expense), Net | — | — | ($33.4m) |
($40.0m)
-19.86%
|
($38.7m)
+3.32%
|
($36.3m)
+6.15%
|
($22.6m)
+37.67%
|
($16.6m)
+26.59%
|
($6.1m)
+63.38%
|
|
| Selling, General and Administrative Expense | $24.3m | $41.3m | $76.5m | $38.1m | $46.5m | $57.9m | $56.1m | $54.3m | $58.5m | |
| Amortization of Intangible Assets | — | — | $14.3m | $14.7m | $14.6m | $13.3m | $13.4m | $13.5m | $13.5m | |
| Operating Lease, Expense | — | — | — | — | — | $10.8m | $17.8m | $10.1m | $9.1m | |
| Operating Lease, Lease Income | — | $53.7m | $59.8m | $53.0m | $76.9m | $168.3m | $198.0m | $120.4m | $45.8m | |
| Operating Income (Loss) | $21.5m |
($1.6m)
-107.54%
|
$48.2m
+3076.54%
|
$4.1m
-91.48%
|
$37.1m
+804.63%
|
$174.4m
+370.00%
|
$240.6m
+37.99%
|
$108.8m
-54.79%
|
($34.7m)
-131.94%
|
|
| Other Operating Income (Expense), Net | $21.5m | ($1.6m) | ($6.9m) | $723k | ($880k) | ($36k) | ($1.2m) | $502k | ($2.7m) | |
| Interest Expense, Debt | — | — | $28.6m | — | — | — | — | — | — | |
| Interest expense, net | ($5.1m) | $24.2m | $33.4m | $40.0m | $38.7m | $36.3m | $22.6m | $16.6m | $6.1m | |
| Interest Income, Operating | — | — | — | — | — | $1.5m | $4.1m | $6.7m | $2.3m | |
| Investment Income, Interest | — | $5.6m | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | $123k | $0 | $0 | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $26.6m | $16.7m | $13.8m | ($33.6m) | ($2.7m) | $106.3m | $224.8m | $92.8m | ($43.2m) | |
| Income Tax Expense (Benefit) | $25.6m | $11.8m | $7.6m | ($8.5m) | $1.9m | $32.4m | $51.0m | $21.4m | ($6.1m) | |
| Net Income (Loss) Attributable to Parent | $981k |
$4.0m
+308.95%
|
$6.2m
+55.44%
|
($25.1m)
-503.00%
|
($4.6m)
+81.79%
|
$73.9m
+1715.80%
|
$173.7m
+134.92%
|
$71.3m
-58.97%
|
($37.1m)
-152.09%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $142k | $44k | |
| Earnings Per Share, Basic | — | — | $0.13 | ($0.26) | ($0.05) | $0.76 | $1.71 | $0.71 | ($0.37) | |
| Earnings Per Share, Diluted | $0.04 | $0.00 | $0.07 | ($0.29) | ($0.05) | $0.74 | $1.56 | $0.70 | ($0.37) | |
| Weighted Average Number of Shares Outstanding, Basic | — | — | 94.5m | 96.0m | 96.6m | 97.2m | 101.4m | 100.1m | 99.5m | |
| Weighted average number shares outstanding - basic (in shares) | — | — | 94.5m | 96.0m | 96.6m | 97.2m | 101.4m | 100.1m | 99.5m | |
| Weighted average number shares outstanding - diluted (in shares) | — | — | 94.5m | 96.0m | 96.6m | 100.1m | 105.3m | 101.4m | 99.5m | |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | 94.5m | 96.0m | 96.6m | 100.1m | 105.3m | 101.4m | 99.5m | |
| Additional Financial Items | ||||||||||
| Specialty rental income | — | $53.7m | $59.8m | $53.0m | $76.9m | $168.3m | $198.0m | $120.4m | $45.8m | |
| Costs | $56.7m | $103.4m | $130.7m | $118.0m | $136.4m | $202.0m | $181.7m | $150.9m | $290.4m | |
| Depreciation of specialty rental assets | $24.5m | $31.6m | $43.4m | $50.0m | $53.6m | $52.8m | $68.6m | $57.2m | $57.2m | |
| Other depreciation and amortization | $5.7m | $7.5m | $15.5m | $15.6m | $16.9m | $14.8m | $15.4m | $15.6m | $16.2m | |
| Other (income) expense, net | ($519k) | ($8.3m) | $6.9m | ($723k) | $880k | $36k | $1.2m | ($502k) | $2.7m | |
| Loss on extinguishment of debt | — | $0 | $907k | $0 | $0 | $0 | $2.3m | $0 | $2.4m | |
| Change in fair value of warrant liabilities | — | — | ($5.9m) | ($2.3m) | $1.1m | $31.7m | ($9.1m) | ($675k) | $0 | |
| Foreign currency translation | $618k | ($841k) | ($95k) | $124k | ($28k) | ($112k) | ($64k) | ($147k) | ($13k) | |
| Comprehensive income (loss) | $1.6m | $4.1m | $6.1m | ($27.4m) | ($4.6m) | $73.8m | $173.6m | $71.3m | ($37.1m) |