Target Hospitality Corp (TH) - Net Assets
Based on the latest financial reports, Target Hospitality Corp (TH) has net assets worth $402.25 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($541.15 Million) and total liabilities ($138.91 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Target Hospitality Corp (TH) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $402.25 Million |
| % of Total Assets | 74.33% |
| Annual Growth Rate | 3.88% |
| 5-Year Change | 323.54% |
| 10-Year Change | N/A |
| Growth Volatility | 54.42 |
Target Hospitality Corp - Net Assets Trend (2016–2024)
This chart illustrates how Target Hospitality Corp's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Target Hospitality Corp for the complete picture of this company's asset base.
Annual Net Assets for Target Hospitality Corp (2016–2024)
The table below shows the annual net assets of Target Hospitality Corp from 2016 to 2024. For live valuation and market cap data, see TH market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $421.09 Million | +11.60% |
| 2023-12-31 | $377.31 Million | +87.86% |
| 2022-12-31 | $200.85 Million | +106.48% |
| 2021-12-31 | $97.27 Million | -2.16% |
| 2020-12-31 | $99.42 Million | -19.43% |
| 2019-12-31 | $123.40 Million | -64.64% |
| 2018-12-31 | $348.99 Million | +44.29% |
| 2017-12-31 | $241.86 Million | -22.12% |
| 2016-12-31 | $310.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Target Hospitality Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 771.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $332.38 Million | 78.93% |
| Common Stock | $10.00K | 0.00% |
| Other Comprehensive Income | $-2.79 Million | -0.66% |
| Other Components | $91.48 Million | 21.72% |
| Total Equity | $421.08 Million | 100.00% |
Target Hospitality Corp Competitors by Market Cap
The table below lists competitors of Target Hospitality Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SUPERLOOP LTD
F:9SL
|
$713.49 Million |
|
Zhejiang Tiancheng Control Co
SHG:603085
|
$713.57 Million |
|
Fujian Green Pine Co Ltd
SHE:300132
|
$713.59 Million |
|
Western Asset Diversified Income Fund
NYSE:WDI
|
$713.71 Million |
|
Guangdong Green Precision Components Co. Ltd.
SHE:300968
|
$713.18 Million |
|
Shanghai Hollywave Electronic System Co. Ltd. A
SHG:688682
|
$713.07 Million |
|
Viaplay Group AB (publ)
ST:VPLAY-B
|
$712.87 Million |
|
Obsidian Energy Ltd
TO:OBE
|
$712.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Target Hospitality Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 377,307,000 to 421,081,000, a change of 43,774,000 (11.6%).
- Net income of 71,265,000 contributed positively to equity growth.
- Share repurchases of 33,496,000 reduced equity.
- Other comprehensive income decreased equity by 147,000.
- Other factors increased equity by 6,152,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $71.27 Million | +16.92% |
| Share Repurchases | $33.50 Million | -7.95% |
| Other Comprehensive Income | $-147.00K | -0.03% |
| Other Changes | $6.15 Million | +1.46% |
| Total Change | $- | 11.60% |
Book Value vs Market Value Analysis
This analysis compares Target Hospitality Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.92x to 3.54x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $7.64 | $14.68 | x |
| 2017-12-31 | $0.00 | $14.68 | x |
| 2018-12-31 | $8.59 | $14.68 | x |
| 2019-12-31 | $1.31 | $14.68 | x |
| 2020-12-31 | $1.04 | $14.68 | x |
| 2021-12-31 | $1.01 | $14.68 | x |
| 2022-12-31 | $2.01 | $14.68 | x |
| 2023-12-31 | $3.58 | $14.68 | x |
| 2024-12-31 | $4.15 | $14.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Target Hospitality Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.92%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.45%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.72x
- Recent ROE (16.92%) is below the historical average (683.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 8.66% | 18.00% | 0.35x | 1.37x | $-4.15 Million |
| 2017 | 6057.80% | 0.73% | 0.55x | 14949.24x | $979.38K |
| 2018 | 1.42% | 2.06% | 0.43x | 1.62x | $-29.94 Million |
| 2019 | 9.70% | 3.73% | 0.53x | 4.87x | $-368.20K |
| 2020 | -25.28% | -11.16% | 0.42x | 5.37x | $-35.07 Million |
| 2021 | -4.70% | -1.57% | 0.57x | 5.28x | $-14.30 Million |
| 2022 | 36.81% | 14.73% | 0.65x | 3.84x | $53.85 Million |
| 2023 | 46.04% | 30.82% | 0.81x | 1.84x | $135.97 Million |
| 2024 | 16.92% | 18.45% | 0.53x | 1.72x | $29.16 Million |
Industry Comparison
This section compares Target Hospitality Corp's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $541,411,172
- Average return on equity (ROE) among peers: -0.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Target Hospitality Corp (TH) | $402.25 Million | 8.66% | 0.35x | $713.42 Million |
| ABM Industries Incorporated (ABM) | $61.90 Million | 11.47% | 1.78x | $2.47 Billion |
| Amentum Holdings Inc. (AMTM) | $415.22 Million | -75.55% | 14.44x | $6.26 Billion |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $2.55 Million | 32.19% | 1.48x | $81.25 Million |
| Aramark Holdings (ARMK) | $3.72 Billion | 18.12% | 3.53x | $10.51 Billion |
| AZZ Incorporated (AZZ) | $375.91 Million | 15.85% | 1.54x | $4.12 Billion |
| Blacksky Technology Inc (BKSY) | $93.16 Million | -57.81% | 1.41x | $1.21 Billion |
| BUUU Group Limited Class A Ordinary Share (BUUU) | $1.34 Million | 62.16% | 0.93x | $210.15 Million |
| BrightView Holdings (BV) | $206.46 Million | -30.59% | 0.59x | $1.11 Billion |
| Cass Information Systems Inc (CASS) | $56.60 Million | 10.95% | 7.85x | $610.56 Million |
| CBIZ Inc (CBZ) | $480.02 Million | 8.35% | 1.33x | $1.52 Billion |
About Target Hospitality Corp
Target Hospitality Corp. operates as a specialty rental and hospitality services company in North America. It operates in two segments, Hospitality & Facilities Services - South and Government. The company owns a network of specialty rental accommodation units. It also provides catering and food, maintenance, housekeeping, grounds-keeping, security, health and recreation facilities, workforce com… Read more