THTarget Hospitality Corp.
Hotels, Rooming Houses, Camps & Other Lodging Places
- Revenue
- $275M
- 3.4% YoY
- Operating margin
- -12.6%
- 131% YoY
- EBITDA
- $39M
- 79% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.9×
- $36M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear3% of revenueOver 10% of revenue
- Payouts exceed cash flowClear45% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear6% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $214M | $334M | $366M | $266M | $275M | 3.4% |
| Operating income | $37M | $174M | $241M | $109M | −$35M | 132% |
| Net income | −$5M | $74M | $174M | $71M | −$37M | 152% |
| Operating cash flow | $105M | $306M | $157M | $152M | $74M | 51% |
| Stock-based comp | $5M | $19M | $11M | $7M | $8M | 3.4% |
| Buybacks | — | — | — | $33M | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $375K · 2
- Open-market sells, 12 mo
- $202M · 1
- Net
- −$202M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $7M | $8M | 507 | 282 |
| FY2024 | $4M | $2M | 612 | 223 |
| FY2023 | $3M | −$4M | 616 | 187 |
| FY2022 | $5M | $26M | 958 | 128 |
| FY2021 | $4M | $5M | 225 | 153 |