Skip to content
stoqly

Host Hotels & Resorts

HST Nasdaq Hotel & Resort REITs Financials FY2016–FY2025

Host Hotels & Resorts' revenue rose 7.6% to $6.1 billion in fiscal 2025. Its operating margin was 14.0%, down from 15.4% a year earlier. It paid out $828 million in dividends and buybacks. The diluted share count fell 1.4%.

Last close · Oct 23, 2026

$24.72

0.6%
Value it Compare
Revenue Total sales reported in the income statement.
$6.1B
7.6% vs prior year
Operating margin Operating income as a share of revenue.
14.0%
1.4 pts
Net income Profit after all expenses, interest and tax.
$765M
9.8%
Free cash flow Cash from operations minus capital spending.
—
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
7.4%
0.9 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$17.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
16.6x
On $1.49 EPS (TTM)

About these figures. Host's debt is its total debt including finance leases; the long-term debt figure in its filings covers only part of it. Host's cash flow statement splits its spending on its properties across several lines (renewals and replacements, and return-on-investment projects) with no total, so capital spending and free cash flow are left blank.

What Host Hotels & Resorts does

No business description yet.

Legal name
HOST HOTELS & RESORTS, INC.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001070750-26-000054
0001070750

Revenue and margins

Host Hotels & Resorts had $6.1B of revenue in fiscal 2025, up 7.6% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 0.8% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was — in fiscal 2025, — of revenue. Cash from operations minus capital spending.

Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Host Hotels & Resorts returned $828M to shareholders in fiscal 2025. The diluted share count fell 1.4%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Host Hotels & Resorts yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$4.3B and divides by 694.1M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 16.6x · peers 14.9x · sector 28.2x.

Balance sheet

Cash, debt and the ratios that show how comfortably Host Hotels & Resorts can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $807M$667M$1.1B$554M$768M
Debt incl. finance leases $4.9B$4.2B$4.2B$5.1B$5.1B
Net debt / EBITDA 8.0x2.5x2.0x2.8x2.6x
Debt / equity 0.8x0.6x0.6x0.8x0.8x
Interest coverage −1.3x5.0x4.3x4.1x3.6x
Total assets $12.4B$12.3B$12.2B$13.0B$13.0B
Total liabilities $5.8B$5.4B$5.4B$6.3B$6.3B
Shareholders' equity $6.4B$6.7B$6.6B$6.6B$6.6B
Net debt (− = net cash) $4.1B$3.5B$3.1B$4.5B$4.3B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$5.8M

3 insiders

Of sales under plans

1%

$0.1M

DateInsiderTradeSharesPriceValueFiling
Aug 21, 2026 Michael E LentzEVP, Development, D&c Sold 56,757 $23.26 $1.3M Form 4
Aug 19, 2026 Nathan S TyrrellEVP, Ch. Investment Officer Sold 63,882 $23.13 $1.5M Form 4
May 26, 2026 Nathan S TyrrellEVP, Ch. Investment Officer Sold 15,569 $23.00 $0.4M Form 4
May 26, 2026 Walter C RakowichDirector Sold plan 3,408 $22.90 $0.1M Form 4
May 8, 2026 Nathan S TyrrellEVP, Ch. Investment Officer Sold 58,579 $22.00 $1.3M Form 4
Feb 27, 2026 Michael E LentzEVP, Development, D&c Sold 12,673 $19.95 $0.3M Form 4
Dec 12, 2025 Nathan S TyrrellEVP, Ch. Investment Officer Sold 9,086 $18.47 $0.2M Form 4
Dec 11, 2025 Nathan S TyrrellEVP, Ch. Investment Officer Sold 11,954 $18.15 $0.2M Form 4
Nov 25, 2025 Michael E LentzEVP, Development, D&c Sold 35,000 $17.64 $0.6M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✓
Current ratio rose — — —
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✓
F-score — / 9— / 9— / 9
Accruals ratio −5.7%−6.3%−5.7%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Host Hotels & Resorts HST $17.0B 7.6% 14.0% — 7.4% 16.6x —
Vici Properties VICI $25.9B 4.1% — 62.6% 8.2% 9.3x — Compare →
Park Hotels & Resorts PK $3.3B −2.2% −1.3% 4.0% −0.4% — — Compare →
Digital Realty DLR $60.9B 10.0% 10.8% −12.6% — 45.6x — Compare →
Simon Property Group SPG $68.6B 6.7% 49.9% 50.3% 10.5% 14.9x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $5.4B $5.4B $5.5B $5.5B $1.6B $2.9B $4.9B $5.3B $5.7B $6.1B
Operating income $684M $676M $530M $799M −$953M −$250M $775M $827M $875M $855M
Interest expense $154M $167M $176M $222M $194M $191M $156M $191M $215M $235M
Pretax income $811M $651M $1.3B $962M −$961M −$102M $669M $788M $721M $818M
Income tax $40.0M $80.0M $150M $30.0M −$220M −$91.0M $26.0M $36.0M $14.0M $42.0M
Net income $762M $564M $1.1B $920M −$732M −$11.0M $633M $740M $697M $765M
Diluted EPS $1.02 $0.76 $1.47 $1.26 −$1.04 −$0.02 $0.88 $1.04 $0.99 $1.10
Diluted shares 0.74B 0.74B 0.74B 0.73B 0.71B 0.71B 0.72B 0.71B 0.70B 0.69B
Cash flow
Cash from operations $1.3B $1.2B $1.3B $1.3B −$307M $292M $1.4B $1.4B $1.5B $1.5B
Depreciation and amortization $724M $751M $944M $676M $665M $762M $664M $697M $762M $795M
Stock-based compensation $12.0M $11.0M $14.0M $15.0M $17.0M $18.0M $26.0M $30.0M $24.0M $26.0M
Acquisitions $63.0M $468M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $218M $0.0M $0.0M $482M $147M $0.0M $27.0M $182M $107M $205M
Dividends paid $596M $628M $629M $623M $320M $0.0M $150M $547M $737M $623M
Dividends and buybacks $814M $628M $629M $1.1B $467M $0.0M $177M $729M $844M $828M
Balance sheet
Cash and short-term investments $372M $913M $1.5B $1.6B $2.3B $807M $667M $1.1B $554M $768M
Total debt $3.6B $4.0B $3.8B $3.8B $5.5B $4.9B $4.2B $4.2B $5.1B $5.1B
Finance lease liabilities $0.0M $0.0M $0.0M $1.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $10.1B $9.7B $9.8B $9.7B $9.4B $10.0B $9.7B $9.6B $10.9B $10.6B
Total assets $11.4B $11.7B $12.1B $12.3B $12.9B $12.4B $12.3B $12.2B $13.0B $13.0B
Total liabilities $4.2B $4.5B $4.4B $4.8B $6.5B $5.8B $5.4B $5.4B $6.3B $6.3B
Shareholders' equity $7.0B $7.0B $7.5B $7.3B $6.3B $6.4B $6.7B $6.6B $6.6B $6.6B
Margins
Operating margin 12.6% 12.6% 9.6% 14.6% −58.8% −8.7% 15.8% 15.6% 15.4% 14.0%
EBITDA margin 25.9% 26.5% 26.7% 27.0% −17.8% 17.7% 29.3% 28.7% 28.8% 27.0%
Net margin 14.0% 10.5% 19.7% 16.8% −45.2% −0.4% 12.9% 13.9% 12.3% 12.5%
Returns
Return on capital 6.2% 5.8% 4.7% 8.0% −7.9% −2.0% 7.2% 7.9% 8.2% 7.4%
Return on equity 10.8% 8.1% 15.0% 12.4% −10.7% −0.2% 9.6% 11.1% 10.5% 11.6%
Return on assets 6.6% 4.9% 9.1% 7.5% −5.8% −0.1% 5.1% 6.0% 5.5% 5.9%
Growth
Revenue growth 1.5% −0.8% 2.5% −1.0% −70.4% 78.4% 69.8% 8.2% 7.0% 7.6%
Net income growth 36.6% −26.0% 92.7% −15.4% −179.6% — — 16.9% −5.8% 9.8%
EPS growth 37.8% −25.5% 93.4% −14.3% −182.5% — — 18.2% −4.8% 11.1%
Share count change −1.2% −0.6% 0.2% −1.3% −3.5% 0.6% 1.0% −0.7% −1.2% −1.4%
Financial health
Net debt / EBITDA 2.3x 2.1x 1.6x 1.5x — 8.0x 2.5x 2.0x 2.8x 2.6x
Debt / equity 0.5x 0.6x 0.5x 0.5x 0.9x 0.8x 0.6x 0.6x 0.8x 0.8x
Interest coverage 4.4x 4.1x 3.0x 3.6x −4.9x −1.3x 5.0x 4.3x 4.1x 3.6x
Capital allocation
Stock comp / revenue 0.2% 0.2% 0.3% 0.3% 1.1% 0.6% 0.5% 0.6% 0.4% 0.4%
Quality scores
Accruals ratio −4.7% −5.8% −1.8% −2.7% −3.4% −2.4% −6.4% −5.7% −6.3% −5.7%

Source: SEC EDGAR XBRL filings (CIK 0001070750). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open