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Apple Hospitality APLE Management Service — Cost of Goods Sold

Other product segments

Direct Operating
$97.24M+3.3%
Sales And Marketing
$33.64M+0.1%
Hotel Administrative
$33.39M+2.3%
Royalty
$19.18M+12.3%
Repair And Maintenance
$19.15M+4.6%
Public Utilities
$12.64M+6.7%

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Other financials

Income statement

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Revenue$402.6M+4.7%
Gross profit$175.0M+6.8%
Operating income$88.2M+3.9%
Net income$67.1M+5.4%
EPS (diluted)$0.28+3.7%

Balance sheet

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Cash & equivalents$10.2M+28.6%
Total debt$1.6B-1.5%
Total equity$3.1B-1.8%
Total assets$4.9B-1.3%

Cash flow

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Operating cash flow$125.0M+14.9%
CapEx$14.2M-0.4%
Free cash flow$110.7M+17.2%

Valuation

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Market cap$3.77B+37.0%
Enterprise value$5.38B+22.7%
P/E21.5×+6.3×
P/S2.6×+0.7×

Profitability

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Gross margin40.2%-0.5pp
Operating margin17.9%-0.6pp
Net margin12.2%-0.5pp
FCF margin20.1%-1.2pp

Returns & leverage

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Return on equity5.5%0.0pp
Debt / equity0.5×0.0×

Where this comes from

Reported directly by Apple Hospitality in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Apple Hospitality’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-335151
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Utilities12,64311,84425,87524,323
Repair and maintenance19,15218,30636,99235,448
Franchise fees19,18117,07535,22031,628
Management fees12,32612,95522,69424,182
Total hotel operating expense227,582220,564434,519420,434
Property taxes, insurance and other21,79922,86944,25746,230
General and administrative13,1598,06423,95517,292
Impairment of depreciable real estate2,319-2,319-

Item 1. Financial Statements

FAQ

What is Apple Hospitality's management service — cost of goods sold?
Apple Hospitality (APLE) reported management service — cost of goods sold of $12.33M in Q2 2026.
How has Apple Hospitality's management service — cost of goods sold changed year-over-year?
Apple Hospitality's management service — cost of goods sold decreased by 4.9% year-over-year, from $12.96M to $12.33M.
What is the long-term trend for Apple Hospitality's management service — cost of goods sold?
Over 4 years (2021 to 2025), Apple Hospitality's management service — cost of goods sold has grown at a 10.7% compound annual growth rate (CAGR), from $31.4M to $47.1M.
What does management service — cost of goods sold mean?
This metric represents the direct operating expenses incurred to provide management and administrative services for the company's hotel portfolio. It encompasses the costs associated with third-party management agreements, oversight, and operational support required to maintain the upscale service standards of the properties. Monitoring this figure helps investors evaluate the efficiency of the company's operational cost structure relative to its lodging revenue streams.

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