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Target Hospitality TH Service — Cost of Goods Sold

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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 service — cost of goods sold?
Target Hospitality (TH) reported service — cost of goods sold of $46.74M in Q1 2026.
How has Target Hospitality's service — cost of goods sold changed year-over-year?
Target Hospitality's service — cost of goods sold increased by 30.7% year-over-year, from $35.77M to $46.74M.
What is the long-term trend for Target Hospitality's service — cost of goods sold?
Over 4 years (2021 to 2025), Target Hospitality's service — cost of goods sold has grown at a 14.9% compound annual growth rate (CAGR), from $120.19M to $209.35M.
What does service — cost of goods sold mean?
This metric captures the direct costs incurred to provide services within a specific business segment, including labor, materials, and overhead directly attributable to service delivery. It is a critical measure for assessing the direct profitability and operational efficiency of the segment's service operations. Monitoring these costs allows stakeholders to analyze margin trends and the scalability of the service model.