Park Hotels & Resorts Inc. (PK) 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	$0.22	$0.33	+50.0%	—	$680M	—
Q1 26	$0.08	$0.11	+37.5%	—	$622M	—
Q4 25	$0.1	$0.1	0.0%	—	$629M	—
Q3 25	$0.04	-$0.15	-475.0%	—	$610M	—
Q2 25	$0.25	-$0.09	-136.0%	—	$672M	—
Q1 25	$0.11	$0.02	-81.8%	—	$630M	—
Q4 24	$0.05	$0.23	+360.0%	—	$625M	—
Q3 24	$0.12	$0.1	-16.7%	—	$649M	—
Q2 24	$0.27	$0.32	+18.5%	—	$686M	—
Q1 24	$0.23	$0.12	-47.8%	—	$639M	—
Q4 23	$0.16	$0.89	+456.3%	—	$657M	—
Q3 23	$0.1	$0.13	+30.0%	—	$679M	—
Q2 23	$0.28	-$0.7	-350.0%	—	$714M	—
Q1 23	$0.06	$0.15	+150.0%	—	$648M	—
Q4 22	$0.13	$0.12	-7.7%	—	$665M	—
Q3 22	$0.12	$0.15	+25.0%	—	$662M	—

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	—	-$1.43	—	—	$2.5B	—
FY24	—	$1.02	—	—	$2.6B	—
FY23	—	$0.44	—	—	$2.7B	—
FY22	—	$0.71	—	—	$2.5B

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	$2.7B	$2.8B	$2.7B	$2.8B	$852M	$1.4B	$2.5B	$2.7B	$2.6B	$2.5B
YoY change	+1.45%	+2.35%	-1.93%	+3.91%	-70%	+59.9%	+83.6%	+7.88%	-3.67%	-2.23%

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	2.7B	2.8B	2.7B	2.8B	852M	1.4B	2.5B	2.7B	2.6B	2.5B
Cost of revenue	1.9B	2B	1.9B	2B	1B	1.1B	1.8B	2B	1.9B	1.8B
Gross profit	823M	815M	822M	863M	-161M	227M	693M	746M	745M	722M
Gross margin	30.2%	29.2%	30%	30.3%	-18.9%	16.7%	27.7%	27.7%	28.7%	28.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	71M	68M	65M	62M	60M	62M	63M	65M	69M	72M
Operating expenses	90M	131M	138M	140M	96M	111M	135M	148M	151M	160M
Operating income	433M	396M	407M	459M	-555M	-165M	289M	311M	337M	226M
Operating margin	15.9%	14.2%	14.9%	16.1%	-65.1%	-12.1%	11.6%	11.5%	13%	8.89%
Non-operating income, net	-33M	11M	214M	26M	-684M	-28M	118M	47M	81M	-239M
Pretax income	221M	285M	500M	351M	-1.4B	-450M	173M	144M	165M	-270M
Income tax	82M	-2.3B	23M	35M	-6M	2M	0	38M	-61M	7M
Net income	139M	2.6B	477M	316M	-1.4B	-452M	173M	106M	226M	-277M
Net margin	5.1%	94.3%	17.4%	11.1%	-169.5%	-33.2%	6.92%	3.93%	8.7%	-10.9%
EBITDA	713M	726M	807M	788M	-292M	103M	682M	651M	642M	592M
EPS	0.67	12.4	2.32	1.44	-6.11	-1.95	0.71	0.44	1.02	-1.43
Diluted EPS	0.67	12.2	2.31	1.44	-6.11	-1.95	0.71	0.44	1.01	-1.43

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	679M	657M	639M	686M	649M	625M	630M	672M	610M	629M	622M	680M
Cost of revenue	492M	471M	452M	471M	468M	463M	461M	460M	449M	449M	448M	453M
Gross profit	187M	186M	187M	215M	181M	162M	169M	212M	161M	180M	174M	227M
Gross margin	27.5%	28.3%	29.3%	31.3%	27.9%	25.9%	26.8%	31.5%	26.4%	28.6%	28%	33.4%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	18M	15M	17M	18M	17M	17M	18M	19M	17M	18M	18M	20M
Operating expenses	37M	37M	38M	38M	38M	37M	39M	42M	40M	39M	42M	42M
Operating income	85M	55M	84M	113M	80M	60M	61M	48M	43M	74M	68M	119M
Operating margin	12.5%	8.37%	13.1%	16.5%	12.3%	9.6%	9.68%	7.14%	7.05%	11.8%	10.9%	17.5%
Non-operating income, net	2M	223M	8M	6M	42M	25M	-52M	18M	15M	-220M	-5M	-14M
Pretax income	31M	221M	30M	55M	59M	21M	-56M	-1M	-8M	-205M	13M	55M
Income tax	0	33M	1M	-12M	2M	-52M	1M	1M	6M	-1M	1M	5M
Net income	31M	188M	29M	67M	57M	73M	-57M	-2M	-14M	-204M	12M	50M
Net margin	4.57%	28.6%	4.54%	9.77%	8.78%	11.7%	-9.05%	-0.3%	-2.3%	-32.4%	1.93%	7.35%
EBITDA	161M	160M	154M	180M	176M	132M	135M	173M	123M	161M	134M	197M
EPS	0.13	0.89	0.13	0.31	0.26	0.32	-0.29	-0.02	-0.08	-1.04	0.05	0.24
Diluted EPS	0.13	0.88	0.13	0.3	0.26	0.32	-0.29	-0.02	-0.08	-1.04	0.05	0.24

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	—	6.1B	5.3B	5.5B	—	4.5B	2.7B	3.3B	2.9B	2.1B	3.2B
Enterprise value	—	8.7B	7.8B	9.9B	—	8.7B	6.6B	7.3B	7.3B	5.9B	6.9B
Shares outstanding	198M	211M	203M	212M	236M	236M	228M	214M	207M	199M	199M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	2.31	11.1	17.4	—	—	15.5	30.9	12.9	—	41.3
P/S	—	2.17	1.93	1.93	—	3.27	1.07	1.21	1.12	0.82	1.22
P/B	—	1.02	0.94	0.85	—	1.01	0.63	0.87	0.81	0.68	1.01
EV/EBITDA	—	11.9	9.68	12.6	—	84.9	9.73	11.2	11.4	9.96	10.8
EV/Sales	—	3.1	2.85	3.49	—	6.42	2.65	2.69	2.81	2.32	2.71
Earnings yield	—	43.4%	9.04%	5.76%	—	—	6.44%	3.24%	7.76%	—	2.42%
FCF yield	—	7.71%	5.04%	4.72%	—	-4.29%	8.97%	6.66%	6.94%	4.9%	33.8%
PEG	—	—	—	—	—	—	—	—	—	—	-0.03

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	30.2%	29.2%	30%	30.3%	-18.9%	16.7%	27.7%	27.7%	28.7%	28.4%	33.4%
Operating margin	15.9%	14.2%	14.9%	16.1%	-65.1%	-12.1%	11.6%	11.5%	13%	8.89%	17.6%
Net margin	5.1%	94.3%	17.4%	11.1%	-169.5%	-33.2%	6.92%	3.93%	8.7%	-10.9%	-6.41%
ROE	3.64%	44.1%	8.54%	4.9%	-29.8%	-10.3%	4.03%	2.81%	6.29%	-9.01%	-4.86%
ROA	1.41%	27.1%	5.09%	2.8%	-13.6%	-4.64%	1.78%	1.13%	2.47%	-3.6%	2.75%
ROIC	4.19%	4.63%	4.78%	3.79%	-6%	-1.9%	3.51%	2.95%	4.22%	3.28%	4.42%
Return on tangible assets	1.63%	31.2%	5.89%	3.17%	-13.8%	-4.68%	1.79%	1.14%	2.49%	-3.64%	-2.05%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.15	1.23	1.45	1.91	1.25	3.35	2.7	2.28	2.45	1.17	0.3
Quick ratio	1.15	1.23	1.45	1.91	1.25	3.35	2.7	2.28	2.45	1.17	1.36
Debt / equity	0.79	0.5	0.53	0.74	1.11	1.13	1.13	1.25	1.33	1.32	1.35
Debt / assets	0.31	0.3	0.31	0.43	0.51	0.51	0.5	0.5	0.52	0.53	0.53
Net debt / EBITDA	3.75	3.58	3.14	5.65	-15.1	41.6	5.78	6.14	6.84	6.44	6.24
Interest coverage	2.22	3.3	4.94	3.51	-5.81	-0.74	1.7	1.57	1.6	-0.01	0.38
Effective tax rate	37.1%	0%	4.6%	9.97%	0%	0%	0%	26.4%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	13.8	13.2	13.5	13.4	3.61	5.77	11	12.6	12.6	12.8	12.8
EPS (basic)	0.67	12.4	2.32	1.44	-6.11	-1.95	0.71	0.44	1.02	-1.43	-1.43
EPS (diluted)	0.67	12.2	2.31	1.44	-6.11	-1.95	0.71	0.44	1.01	-1.43	-0.83
Book value per share	19.3	28.3	27.5	30.4	20.5	18.7	18.8	17.6	17.4	15.5	15.3
FCF per share	0.87	2.22	1.31	1.22	-2.22	-0.81	1.06	1.02	0.98	0.51	0.41
Cash per share	1.7	1.73	2.02	1.63	4.03	2.92	3.97	3.35	1.94	1.17	1.31
Capex per share	—	—	—	—	—	—	—	—	—	1.49	1.61

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	11.6%	12.7%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	74.4%	80%
Payout ratio	129.5%	14.7%	97.3%	156.3%	-16.7%	0%	4.05%	143.4%	226.5%	-101.1%	538.5%
Dividend yield	—	6.36%	8.8%	9.01%	—	0%	0.26%	4.64%	17.6%	13.5%	6.36%

Yield

6.36%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Jun 30, 2026

Payout ratio

538%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

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

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$0.25
Mar 31, 2026	$0.25
Dec 31, 2025	$0.25
Sep 30, 2025	$0.25
Jun 30, 2025	$0.25
Mar 31, 2025	$0.25
Dec 31, 2024	$0.40
Sep 30, 2024	$0.25

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	$679M	$657M	$639M	$686M	$649M	$625M	$630M	$672M	$610M	$629M	$622M	$680M
YoY change	+2.57%	-1.2%	-1.39%	-3.92%	-4.42%	-4.87%	-1.41%	-2.04%	-6.01%	+0.64%	-1.27%	+1.19%

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	337M	364M	410M	346M	951M	688M	906M	717M	402M	232M
Receivables	130M	125M	153M	180M	26M	96M	129M	112M	131M	116M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	538M	589M	660M	720M	1B	894M	1.1B	1.7B	1.5B	454M
Property, plant & equipment	2.5B	2.4B	2.4B	2.9B	2.5B	2.1B	2B	1.8B	1.6B	1.6B
Goodwill & intangibles	1.3B	1.3B	1.3B	1.3B	90M	88M	86M	84M	82M	82M
Total assets	9.8B	9.7B	9.4B	11.3B	10.6B	9.7B	9.7B	9.4B	9.2B	7.7B
Accounts payable	167M	198M	183M	217M	147M	156M	220M	210M	226M	198M
Short-term debt	—	—	—	670M	601M	78M	—	—	—	—
Total current liabilities	468M	477M	455M	376M	836M	267M	417M	738M	597M	388M
Long-term debt	3B	3B	2.9B	4.1B	4.8B	4.9B	4.9B	4.7B	4.8B	4B
Total liabilities	6B	3.8B	3.8B	4.8B	5.7B	5.3B	5.4B	5.7B	5.6B	4.6B
Shareholders' equity	3.8B	6B	5.6B	6.5B	4.8B	4.4B	4.3B	3.8B	3.6B	3.1B
Total debt	3B	3B	2.9B	4.8B	5.4B	5B	4.9B	4.7B	4.8B	4B
Net debt	2.7B	2.6B	2.5B	4.5B	4.4B	4.3B	3.9B	4B	4.4B	3.8B

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	726M	717M	378M	449M	480M	402M	233M	319M	278M	232M	156M	264M
Receivables	149M	112M	125M	133M	124M	131M	125M	129M	124M	116M	142M	151M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	998M	1.7B	1.4B	1.5B	1.5B	1.5B	1.3B	1.4B	1.4B	454M	398M	520M
Property, plant & equipment	1.9B	1.8B	1.8B	1.7B	1.7B	1.6B	1.5B	1.5B	1.5B	1.6B	1.6B	1.6B
Goodwill & intangibles	42M	84M	42M	42M	42M	82M	82M	82M	82M	82M	82M	80M
Total assets	9.3B	9.4B	9.1B	9.2B	9.2B	9.2B	8.9B	8.9B	8.8B	7.7B	7.7B	7.7B
Accounts payable	293M	210M	223M	230M	240M	226M	212M	237M	237M	198M	225M	226M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	429M	738M	430M	463M	487M	597M	487M	533M	543M	388M	379M	383M
Long-term debt	4.7B	4.7B	4.7B	4.8B	4.8B	4.8B	4.8B	4.8B	4.8B	4B	4B	4.1B
Total liabilities	5.4B	5.7B	5.3B	5.4B	5.5B	5.6B	5.5B	5.5B	5.5B	4.6B	4.6B	4.7B
Shareholders' equity	3.9B	3.8B	3.7B	3.7B	3.7B	3.6B	3.4B	3.4B	3.3B	3.1B	3B	3B
Total debt	4.7B	4.7B	4.7B	4.8B	4.8B	4.8B	4.8B	4.8B	4.8B	4B	4B	4.1B
Net debt	4B	4B	4.3B	4.3B	4.3B	4.4B	4.6B	4.5B	4.5B	3.8B	3.9B	3.8B

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	139M	2.6B	477M	316M	-1.4B	-452M	173M	106M	226M	-277M
Depreciation & amortization	300M	288M	277M	264M	298M	281M	269M	287M	257M	336M
Stock-based compensation	0	14M	16M	16M	20M	19M	17M	18M	19M	19M
Change in working capital	-13M	37M	-76M	-46M	60M	-51M	40M	118M	59M	54M
Operating cash flow	411M	613M	579M	515M	-1.1B	-185M	417M	550M	511M	398M
Capital expenditure	—	—	—	—	—	—	—	—	—	-296M
Investing cash flow	14M	1M	597M	-395M	205M	448M	244M	68M	24M	-209M
Dividends paid	-180M	-386M	-464M	-494M	-241M	0	-7M	-152M	-512M	-280M
Share repurchases	0	0	-348M	0	-66M	0	-227M	-180M	-116M	-45M
Financing cash flow	29M	-459M	-816M	947M	914M	-1.7B	-398M	-525M	-573M	-365M
Net change in cash	454M	155M	360M	1.1B	47M	-1.4B	263M	93M	-38M	-176M
Free cash flow	172M	468M	266M	259M	-524M	-191M	241M	218M	202M	102M

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	31M	188M	29M	67M	57M	73M	-57M	-2M	-14M	-204M	12M	50M
Depreciation & amortization	65M	94M	65M	64M	63M	65M	69M	122M	78M	67M	64M	66M
Stock-based compensation	5M	4M	4M	5M	5M	5M	4M	5M	5M	5M	4M	6M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	104M	82M	103M	150M	139M	85M	19M	108M	99M	105M	59M	141M
Capital expenditure	—	—	—	—	—	—	—	-43M	-68M	-108M	-83M	-64M
Investing cash flow	-4M	-36M	0	0	-3M	-4M	—	-43M	-68M	-96M	-72M	-47M
Dividends paid	-32M	-32M	-355M	-52M	-52M	-53M	-131M	-50M	-49M	-50M	-50M	-50M
Share repurchases	-75M	0	0	-25M	-35M	-56M	-45M	0	0	0	0	0
Financing cash flow	-112M	-36M	-362M	-742M	-93M	-126M	-189M	-53M	-69M	-54M	-61M	-235M
Net change in cash	-12M	10M	-259M	-592M	43M	-45M	-170M	12M	-38M	-45M	-74M	-141M
Free cash flow	56M	36M	22M	66M	97M	17M	9M	65M	31M	-3M	-24M	77M

Park 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