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Target Hospitality TH Hotel — Cost of Goods Sold

Other product segments

Service
$46.74M+30.7%

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$42M+7.4%

Other financials

Income statement

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Revenue$72.8M+4.1%
Gross profit$6.9M-61.7%
Operating income-$14.3M-1,231%
Net income-$12.9M-100.0%
EPS (diluted)-$0.13-85.7%

Balance sheet

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Cash & equivalents$5.5M-84.2%
Total debt$11.0M-20.4%
Total equity$376.9M-9.2%
Total assets$539.5M-4.1%

Cash flow

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Operating cash flow$7.0M+78.7%
CapEx$176.0K-71.4%
Free cash flow$6.9M+106%

Valuation

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Market cap$2.04B+42.2%
Enterprise value$2.05B+47.7%
P/S6.3×+2.2×

Profitability

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Gross margin9.8%-32.3pp
Operating margin-14.8%-36.9pp
Net margin-13.5%-26.2pp
FCF margin23.8%-6.0pp

Returns & leverage

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Return on equity-11%-22.2pp
Debt / equity0.0×
Current ratio0.8×-1.1×

Where this comes from

Reported directly by Target Hospitality in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Target Hospitality’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Target Hospitality's hotel — cost of goods sold?
Target Hospitality (TH) reported hotel — cost of goods sold of $3.59M in Q1 2026.
How has Target Hospitality's hotel — cost of goods sold changed year-over-year?
Target Hospitality's hotel — cost of goods sold increased by 43.8% year-over-year, from $2.49M to $3.59M.
What is the long-term trend for Target Hospitality's hotel — cost of goods sold?
Over 4 years (2021 to 2025), Target Hospitality's hotel — cost of goods sold has grown at a -8.3% compound annual growth rate (CAGR), from $16.19M to $11.45M.
What does hotel — cost of goods sold mean?
Captures the direct costs associated with providing hospitality services and goods within the hotel segment. This includes expenses directly attributable to the delivery of guest experiences, such as housekeeping supplies, food and beverage costs, and direct labor. Tracking this metric is essential for evaluating the direct operational efficiency and gross margin performance of the hotel business.