Host Hotels & Resorts, Inc. (HST) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.34	$0.35	+2.9%	—	$1.6B	—
Q1 26	$0.33	$0.72	+118.2%	—	$1.6B	—
Q4 25	$0.19	$0.2	+5.3%	—	$1.6B	—
Q3 25	$0.04	$0.23	+475.0%	—	$1.3B	—
Q2 25	$0.23	$0.32	+39.1%	—	$1.6B	—
Q1 25	$0.28	$0.35	+25.0%	—	$1.6B	—
Q4 24	$0.13	$0.15	+15.4%	—	$1.4B	—
Q3 24	$0.1	$0.12	+20.0%	—	$1.3B	—
Q2 24	$0.33	$0.34	+3.0%	—	$1.5B	—
Q1 24	$0.31	$0.38	+22.6%	—	$1.5B	—
Q4 23	$0.19	$0.19	0.0%	—	$1.3B	—
Q3 23	$0.11	$0.16	+45.5%	—	$1.2B	—
Q2 23	$0.33	$0.29	-12.1%	—	$1.4B	—
Q1 23	$0.24	$0.4	+66.7%	—	$1.4B	—
Q4 22	$0.19	$0.2	+5.3%	—	$1.3B	—
Q3 22	$0.17	$0.16	-5.9%	—	$1.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.11	—	—	$6.1B	—
FY24	—	$0.99	—	—	$5.7B	—
FY23	—	$1.04	—	—	$5.3B	—
FY22	—	$0.89	—	—	$4.9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$5.4B	$5.4B	$5.5B	$5.5B	$1.6B	$2.9B	$4.9B	$5.3B	$5.7B	$6.1B
YoY change	+1.5%	-0.79%	+2.54%	-1%	-70.4%	+78.4%	+69.8%	+8.23%	+7.02%	+7.57%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	5.4B	5.4B	5.5B	5.5B	1.6B	2.9B	4.9B	5.3B	5.7B	6.1B
Cost of revenue	2.6B	2.6B	2.7B	2.6B	1.1B	1.4B	2.2B	2.5B	2.7B	2.9B
Gross profit	2.8B	2.8B	2.9B	2.9B	487M	1.5B	2.7B	2.9B	3B	3.2B
Gross margin	51.7%	51.7%	52%	52.5%	30.1%	51.7%	55.2%	53.7%	53.4%	52.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	106M	97M	104M	107M	89M	99M	102M	115M	117M	124M
Operating expenses	1.4B	1.5B	1.5B	1.5B	775M	1.1B	1.3B	1.4B	1.5B	1.6B
Operating income	669M	662M	523M	794M	-953M	-258M	763M	758M	771M	831M
Operating margin	12.3%	12.3%	9.47%	14.5%	-58.8%	-8.93%	15.5%	14.3%	13.6%	13.6%
Non-operating income, net	293M	150M	939M	358M	142M	345M	32M	142M	111M	190M
Pretax income	811M	651M	1.3B	962M	-961M	-102M	669M	788M	721M	818M
Income tax	40M	80M	150M	30M	-220M	-91M	26M	36M	14M	42M
Net income	771M	571M	1.2B	932M	-741M	-11M	643M	752M	707M	776M
Net margin	14.2%	10.6%	20.8%	17%	-45.7%	-0.38%	13.1%	14.2%	12.4%	12.7%
EBITDA	1.4B	1.4B	2.4B	1.9B	-309M	843M	1.5B	1.6B	1.6B	1.7B
EPS	1.03	0.76	1.47	1.26	-1.04	-0.02	0.89	1.04	0.99	1.11
Diluted EPS	1.02	0.76	1.47	1.26	-1.04	-0.02	0.88	1.04	0.99	1.1

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.2B	1.3B	1.5B	1.5B	1.3B	1.4B	1.6B	1.6B	1.3B	1.6B	1.6B	1.6B
Cost of revenue	594M	623M	670M	670M	646M	665M	728M	723M	655M	792M	742M	754M
Gross profit	620M	700M	801M	796M	673M	763M	866M	863M	676M	811M	903M	886M
Gross margin	51.1%	52.9%	54.5%	54.3%	51%	53.4%	54.3%	54.4%	50.8%	50.6%	54.9%	54%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	26M	35M	27M	29M	25M	36M	31M	25M	27M	41M	28M	29M
Operating expenses	340M	363M	361M	372M	370M	397M	395M	400M	384M	411M	401M	400M
Operating income	106M	151M	260M	236M	106M	169M	275M	268M	96M	192M	312M	293M
Operating margin	8.73%	11.4%	17.7%	16.1%	8.04%	11.8%	17.3%	16.9%	7.21%	12%	19%	17.9%
Non-operating income, net	48M	22M	39M	58M	32M	-18M	24M	35M	129M	2M	253M	6M
Pretax income	128M	143M	270M	258M	90M	103M	250M	252M	172M	144M	518M	259M
Income tax	15M	9M	-2M	16M	6M	-6M	-1M	27M	9M	7M	17M	18M
Net income	113M	134M	272M	242M	84M	109M	251M	225M	163M	137M	501M	241M
Net margin	9.31%	10.1%	18.5%	16.5%	6.37%	7.63%	15.7%	14.2%	12.2%	8.55%	30.5%	14.7%
EBITDA	299M	356M	466M	440M	317M	371M	493M	496M	423M	269M	760M	510M
EPS	0.16	0.19	0.38	0.34	0.12	0.15	0.35	0.32	0.23	0.2	0.72	0.35
Diluted EPS	0.16	0.19	0.38	0.34	0.12	0.15	0.35	0.32	0.23	0.2	0.72	0.35

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	14B	14.7B	12.3B	13.5B	10.3B	12.4B	11.5B	13.8B	12.3B	12.3B	15.7B
Enterprise value	17.3B	17.7B	14.6B	16.4B	14.1B	17B	15.6B	17.4B	17.4B	17.1B	19.3B
Shares outstanding	743M	738.6M	739.8M	730.3M	705.9M	710.3M	714.7M	709.7M	702.1M	691.4M	691.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	18.2	25.7	10.7	14.5	—	—	17.8	18.4	17.4	15.8	15.1
P/S	2.58	2.72	2.23	2.48	6.37	4.27	2.34	2.6	2.16	2	2.51
P/B	1.94	2.05	1.6	1.81	1.61	1.88	1.67	2.02	1.82	1.82	2.41
EV/EBITDA	12.2	12.3	6.06	8.83	-45.8	20.2	10.6	10.9	10.9	10.2	11.4
EV/Sales	3.18	3.29	2.65	2.99	8.73	5.88	3.18	3.28	3.06	2.8	3.09
Earnings yield	5.51%	3.89%	9.33%	6.88%	—	—	5.61%	5.44%	5.75%	6.33%	6.63%
FCF yield	5.59%	6.5%	6.7%	5.11%	-7.8%	-1.09%	7.95%	5.75%	7.72%	7.06%	10.8%
PEG	—	—	—	—	—	—	—	—	—	—	1.61

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	51.7%	51.7%	52%	52.5%	30.1%	51.7%	55.2%	53.7%	53.4%	52.6%	54%
Operating margin	12.3%	12.3%	9.47%	14.5%	-58.8%	-8.93%	15.5%	14.3%	13.6%	13.6%	18.2%
Net margin	14.2%	10.6%	20.8%	17%	-45.7%	-0.38%	13.1%	14.2%	12.4%	12.7%	16.5%
ROE	10.7%	7.96%	15%	12.5%	-11.5%	-0.17%	9.35%	11%	10.4%	11.5%	15.6%
ROA	6.76%	4.88%	9.52%	7.57%	-5.75%	-0.09%	5.24%	6.14%	5.42%	5.95%	4.33%
ROIC	6.07%	5.69%	4.63%	7.47%	-9.3%	-2.3%	6.67%	6.92%	6.37%	6.79%	8.26%
Return on tangible assets	6.76%	4.88%	9.52%	7.57%	-5.75%	-0.09%	5.24%	6.14%	5.42%	5.95%	7.86%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.54	3.15	6.13	1.45	1.55	1.66	0.96	1.07	0.65	0.79	1.67
Quick ratio	1.54	3.15	6.13	1.45	1.55	1.66	0.96	1.07	0.65	0.79	1.34
Debt / equity	0.51	0.55	0.5	0.59	0.96	0.83	0.7	0.7	0.83	0.84	0.85
Debt / assets	0.32	0.34	0.32	0.36	0.48	0.44	0.39	0.39	0.43	0.43	0.43
Net debt / EBITDA	2.32	2.11	0.95	1.52	-12.3	5.51	2.79	2.26	3.19	2.9	1.88
Interest coverage	6.48	5.04	8.39	5.33	-5.08	0.47	5.29	5.21	4.35	4.48	5.61
Effective tax rate	4.93%	12.3%	11.5%	3.12%	0%	0%	3.89%	4.57%	1.94%	5.13%	4.67%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	7.31	7.29	7.47	7.49	2.29	4.07	6.87	7.48	8.1	8.84	9.08
EPS (basic)	1.03	0.76	1.47	1.26	-1.04	-0.02	0.89	1.04	0.99	1.11	1.11
EPS (diluted)	1.02	0.76	1.47	1.26	-1.04	-0.02	0.88	1.04	0.99	1.1	1.49
Book value per share	9.69	9.71	10.4	10.2	9.11	9.25	9.63	9.62	9.65	9.74	9.33
FCF per share	1.05	1.29	1.12	0.95	-1.14	-0.19	1.28	1.12	1.35	1.25	1.48
Cash per share	0.5	1.24	2.08	2.15	3.31	1.14	0.93	1.61	0.79	1.11	2.85
Capex per share	0.04	—	—	—	—	—	—	—	—	0.93	0.86

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.57%	—	—	—	—	—	—	—	—	10.5%	9.47%
Capex / operating cash flow	1.98%	—	—	—	—	—	—	—	—	42.6%	36.7%
Payout ratio	77.3%	110%	54.6%	66.8%	-43.2%	0%	23.3%	72.7%	104.2%	80.3%	53.7%
Dividend yield	4.26%	4.28%	5.1%	4.6%	3.1%	0%	1.31%	3.96%	5.99%	5.08%	3.53%

Yield

3.53%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.20

ex-dividend Sep 30, 2026

Payout ratio

54%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 30, 2026upcoming	$0.20
Jun 30, 2026	$0.92
Mar 31, 2026	$0.20

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.2B	$1.3B	$1.5B	$1.5B	$1.3B	$1.4B	$1.6B	$1.6B	$1.3B	$1.6B	$1.6B	$1.6B
YoY change	+2.1%	+4.75%	+6.52%	+5.24%	+8.65%	+7.94%	+8.36%	+8.19%	+0.91%	+12.3%	+3.2%	+3.4%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	372M	913M	1.5B	1.6B	2.3B	807M	667M	1.1B	554M	768M
Receivables	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	752M	1.4B	2.1B	1.8B	2.5B	1.3B	1.4B	1.6B	911M	1.1B
Property, plant & equipment	-3.3B	-3.8B	-3.8B	-3B	-3.6B	-3.1B	-3.5B	-4.1B	-4B	-4.5B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	11.4B	11.7B	12.1B	12.3B	12.9B	12.4B	12.3B	12.2B	13B	13B
Accounts payable	278M	283M	293M	263M	71M	85M	372M	408M	351M	355M
Short-term debt	209M	174M	51M	989M	1.5B	676M	994M	989M	992M	996M
Total current liabilities	487M	457M	344M	1.3B	1.6B	803M	1.4B	1.5B	1.4B	1.4B
Long-term debt	3.4B	3.8B	3.8B	3.4B	4.7B	4.8B	3.8B	3.8B	4.7B	4.6B
Total liabilities	4.2B	4.5B	4.4B	4.8B	6.5B	5.8B	5.4B	5.4B	6.3B	6.3B
Shareholders' equity	7.2B	7.2B	7.7B	7.5B	6.4B	6.6B	6.9B	6.8B	6.8B	6.7B
Total debt	3.6B	4B	3.8B	4.4B	6.2B	5.5B	4.8B	4.8B	5.6B	5.6B
Net debt	3.3B	3B	2.3B	2.8B	3.8B	4.6B	4.1B	3.6B	5.1B	4.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	916M	1.1B	1.3B	805M	564M	554M	428M	490M	539M	768M	1.7B	2B
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1.5B	1.6B	1.8B	1.3B	959M	911M	808M	852M	991M	1.1B	2.1B	2.3B
Property, plant & equipment	-3.8B	-4.1B	-4.2B	-4.3B	-3.9B	-4B	-4.2B	-4.3B	-4.4B	-4.5B	-4.7B	-4.9B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	12.3B	12.2B	12.5B	12.4B	13.1B	13B	12.9B	13B	13B	13B	13.2B	13.3B
Accounts payable	228M	408M	237M	226M	248M	351M	261M	261M	260M	355M	246M	736M
Short-term debt	988M	989M	1.3B	990M	991M	992M	993M	994M	995M	996M	997M	998M
Total current liabilities	1.3B	1.5B	1.6B	1.3B	1.3B	1.4B	1.3B	1.3B	1.3B	1.4B	1.2B	1.7B
Long-term debt	3.8B	3.8B	3.8B	4B	4.6B	4.7B	4.7B	4.6B	4.6B	4.6B	4.6B	4.6B
Total liabilities	5.3B	5.4B	5.5B	5.4B	6.2B	6.3B	6.2B	6.2B	6.2B	6.3B	6.1B	6.6B
Shareholders' equity	7B	6.8B	6.9B	7B	6.9B	6.8B	6.8B	6.8B	6.8B	6.7B	7B	6.6B
Total debt	4.8B	4.8B	5.1B	5B	5.6B	5.6B	5.6B	5.6B	5.6B	5.6B	5.6B	5.6B
Net debt	3.9B	3.6B	3.7B	4.2B	5.1B	5.1B	5.2B	5.2B	5.1B	4.9B	3.9B	3.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	771M	571M	1.2B	932M	-741M	-11M	643M	752M	707M	776M
Depreciation & amortization	724M	751M	944M	676M	665M	762M	664M	697M	762M	795M
Stock-based compensation	12M	11M	14M	15M	17M	18M	26M	30M	24M	26M
Change in working capital	28M	-75M	67M	-93M	41M	-101M	49M	-114M	106M	84M
Operating cash flow	1.6B	1.2B	1.3B	1.2B	-383M	279M	1.4B	1.4B	1.5B	1.5B
Capital expenditure	-31M	—	—	—	—	—	—	—	—	-644M
Investing cash flow	389M	10M	574M	616M	304M	-731M	-114M	463M	-1.5B	-507M
Dividends paid	-596M	-628M	-629M	-623M	-320M	0	-150M	-547M	-737M	-623M
Share repurchases	-218M	0	0	-482M	-169M	0	-27M	-182M	-107M	-205M
Financing cash flow	-1B	-402M	-748M	-1.4B	469M	-1.5B	-874M	-771M	-13M	-868M
Net change in cash	924M	802M	1.1B	445M	390M	-1.9B	401M	1.1B	-18M	135M
Free cash flow	783M	953M	826M	692M	-806M	-135M	912M	795M	950M	866M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	113M	134M	272M	242M	84M	109M	251M	225M	163M	137M	501M	241M
Depreciation & amortization	174M	186M	180M	188M	197M	197M	196M	195M	196M	208M	190M	193M
Stock-based compensation	6M	11M	6M	5M	6M	7M	6M	5M	5M	10M	6M	6M
Change in working capital	-4M	11M	-63M	31M	101M	1M	-121M	60M	-5M	6M	-107M	64M
Operating cash flow	308M	325M	370M	430M	347M	296M	312M	444M	218M	543M	342M	503M
Capital expenditure	—	—	—	—	—	—	—	-152M	-156M	-190M	-122M	-121M
Investing cash flow	161M	249M	3M	12M	-925M	-16M	63M	-118M	-102M	-207M	914M	-126M
Dividends paid	-107M	-127M	-316M	-141M	-141M	-139M	-210M	-138M	-138M	-137M	-241M	-136M
Share repurchases	-100M	-32M	0	-50M	-57M	0	-100M	-105M	0	0	-75M	0
Financing cash flow	-210M	-165M	-44M	457M	482M	-142M	-327M	-256M	-140M	-145M	-337M	-139M
Net change in cash	259M	409M	329M	899M	-96M	138M	48M	70M	-24M	191M	919M	238M
Free cash flow	165M	133M	262M	332M	198M	158M	159M	292M	62M	353M	220M	382M

Date	Ratio
Nov 4, 2009	10215:10000
Jan 2, 1996	10000:8910
Jun 23, 1986	5:1

Host Hotels & Resorts, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history