How many employees does Target Hospitality Corp. have?

Target Hospitality Corp. reported 902 employees for the fiscal year ending Dec 2025, in the annual report it filed on March 11, 2026. That is up 17.1% from a year earlier.

What is Target Hospitality Corp.'s revenue per employee?

Target Hospitality Corp. brought in $321M of revenue in fiscal Dec 2025, which is $355K per employee. That ranks 6 of 24 companies we track in Specialty Business Services, where the median is $212K.

Where do these numbers come from?

Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

Company data

Target Hospitality Corp. employees and revenue per employee

TH · Specialty Business Services · $1.83B market cap

Target Hospitality Corp. had 902 employees at the end of fiscal Dec 2025, up 17.1% from a year earlier. Revenue for the year was $321M, down 17.0% from a year earlier, or $355K per employee. Revenue fell while headcount grew.

Employees

902

+17.1% YoY

Revenue

$321M

-17.0% YoY

Revenue / employee

$355K

Peer median $212K

Rank in industry

6 of 24

Specialty Business Services

Headcount against revenue

Both lines start at 100 in the first year we hold, so you can see which one grew faster.

EmployeesRevenueIndexed to 100 in Dec 2018

Hover a year for the numbers.

TH employees and revenue by fiscal year
Year ending	Employees	Revenue	Per employee	Staff YoY	Revenue YoY
Dec 2025	902	$321M	$355K	+17.1%	-17.0%
Dec 2024	770	$386M	$502K	-21.7%	-31.5%
Dec 2023	984	$564M	$573K	+6.8%	+12.3%
Dec 2022	921	$502M	$545K	+11.9%	+72.3%
Dec 2021	823	$291M	$354K	+65.9%	+29.4%
Dec 2020	496	$225M	$454K	-40.0%	-29.9%
Dec 2019	826	$321M	$389K	+41200.0%	+33.5%
Dec 2018	2	$241M	$120.3M	—	—

Open roles: we have not matched a verified job board for this company yet.

Employees, last six fiscal years

Revenue per employee, last six fiscal years

Target Hospitality Corp. against similar companies

The closest industry peers by revenue, from Specialty Business Services.

Company	Employees	Revenue	Revenue / employee	Shape
FLYW Flywire Corp	1,400	$623M	$445K	Efficient growth
PAYS Paysign, Inc.	226	$82.0M	$363K	Hiring ahead
TH Target Hospitality Corp.	902	$321M	$355K	Hiring into decline
TRNS Transcat, Inc.	1,413	$332M	$235K	Efficient growth
CASS Cass Information Systems, Inc.	860	$191M	$222K	Contracting
EBF Ennis, Inc.	1,835	$392M	$214K	Contracting
SPIR Spire Global, Inc.	372	$71.6M	$192K	Contracting
EVTC EVERTEC, Inc.	5,327	$932M	$175K	Hiring ahead
TIC TIC Solutions, Inc.	12,760	$1.53B	$120K	Hiring ahead

Every Industrials company

Questions about Target Hospitality Corp.

How many employees does Target Hospitality Corp. have?: Target Hospitality Corp. reported 902 employees for the fiscal year ending Dec 2025, in the annual report it filed on March 11, 2026. That is up 17.1% from a year earlier.
What is Target Hospitality Corp.'s revenue per employee?: Target Hospitality Corp. brought in $321M of revenue in fiscal Dec 2025, which is $355K per employee. That ranks 6 of 24 companies we track in Specialty Business Services, where the median is $212K.
Where do these numbers come from?: Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

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Compare TH with the rest of the market

See who earns the most per employee, who is hiring, and who is cutting, across every company we track.

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Source: employee counts and revenue as stated in Target Hospitality Corp.'s annual reports (Form 10-K), latest filed March 11, 2026. This is data, not a recommendation to buy or sell TH.