Filing Flows › Target Hospitality (TH) › Q4 2024
Target Hospitality (TH) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 26, 2025
Target Hospitality (TH) reported revenue of $83.7M for the fourth quarter 2024 (Q4 2024), -34% from a year earlier and -12% from the quarter before. Operating margin was 24.9%, net earnings $12.5M (14.9% of revenue).
Target Hospitality, Q4 2024: revenue $83.7M (-34% year over year), operating margin 24.9%, net earnings $12.5M, operating cash flow $30.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $83.7M | -12% | -34% |
| Gross profit | $37.0M | -18% | -41% |
| Operating profit | $20.8M | -26% | -55% |
| Net earnings | $12.5M | -37% | -67% |
| Operating cash flow | $30.6M | -3% | -20% |
| Free cash flow | $30.2M | -4% | -21% |
What changed
Revenue was $83.7M in Q4 2024, down 34% year over year and down 12% from the previous quarter.
Gross margin was 44.2%, down 5.1 points from a year earlier. Operating profit was $20.8M, a 24.9% margin (down 11.7 points year over year). Operating expenses grew 1% against a revenue fall of 34%. Net earnings were $12.5M, down 67% year over year. The effective tax rate was 25.6%.
Operating cash flow was $30.6M (down 20% year over year), 244% of net earnings. Non-cash charges added back $17.5M of depreciation and amortization and $1.6M of share-based compensation. Capital expenditures of $363K left free cash flow of $30.2M.
Questions
What was Target Hospitality's revenue in the fourth quarter 2024?
Target Hospitality (TH) reported revenue of $83.7M for the fourth quarter 2024 (Q4 2024), -34% from a year earlier and -12% from the quarter before.
Was Target Hospitality profitable in the fourth quarter 2024?
Operating profit was $20.8M (24.9% of revenue) and net earnings $12.5M.
Source: Target Hospitality 10-K on SEC EDGAR.