Host Hotels & Resorts, Inc.

HST · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993
Valuation
Market cap	$12,193	$12,247	$13,735	$11,476	$12,417	$10,446	$13,245	$11,903	$14,174	$13,452	$10,953	$17,956	$14,471	$11,254	$10,236	$11,725	$6,842	$3,949	$9,092	$12,088	$6,880	$6,041	$3,777	$2,428	$2,184	$2,913	$1,917	$3,015	$4,124	$2,861	$2,010	$1,447	$1,171
Enterprise value	$17,068	$17,339	$17,367	$15,597	$17,070	$14,267	$16,078	$14,270	$17,244	$16,768	$14,789	$21,314	$18,425	$16,282	$15,199	$16,118	$11,059	$9,417	$14,257	$17,815	$12,202	$11,523	$8,819	$8,030	$7,750	$8,664	$7,438	$8,225	$7,396	$4,804	$3,987	$3,611	$3,567
P/E (TTM) at period end	15.94×	17.57×	18.56×	18.13×	–	–	14.40×	10.95×	25.13×	17.65×	19.63×	24.53×	45.65×	184.49×	–	–	–	10.23×	13.10×	16.38×	41.45×	–	269.79×	–	42.83×	18.68×	9.09×	64.15×	82.47×	–	–	–	–
P/S (TTM) at period end	1.99×	2.15×	2.59×	2.34×	4.30×	6.45×	2.42×	2.15×	2.63×	2.48×	2.05×	3.37×	2.80×	2.22×	2.17×	2.69×	1.65×	0.77×	1.74×	2.51×	1.77×	1.66×	1.10×	0.77×	0.66×	2.07×	1.39×	0.85×	1.47×	1.47×	4.15×	0.96×	0.86×
P/B at period end	1.86×	1.85×	2.07×	1.71×	1.93×	1.65×	1.81×	1.59×	2.03×	1.92×	1.55×	2.45×	2.00×	1.65×	1.53×	1.86×	1.11×	0.71×	1.67×	2.31×	2.85×	2.52×	1.77×	1.51×	1.36×	2.05×	1.27×	1.62×	2.36×	1.71×	2.98×	2.04×	2.32×
EV / EBITDA (TTM)	10.34×	10.59×	11.40×	10.84×	33.34×	–	10.90×	9.68×	12.08×	11.91×	11.05×	15.37×	15.24×	15.02×	16.56×	20.02×	14.48×	7.26×	10.02×	14.69×	13.68×	15.14×	12.91×	9.40×	8.56×	10.10×	8.24×	10.94×	55.19×	369.57×	–	–	–
EV / Sales (TTM)	2.79×	3.05×	3.27×	3.18×	5.91×	8.81×	2.94×	2.58×	3.20×	3.09×	2.76×	4.01×	3.57×	3.22×	3.22×	3.70×	2.67×	1.84×	2.73×	3.70×	3.14×	3.17×	2.56×	2.54×	2.34×	6.16×	5.41×	2.31×	2.64×	2.47×	8.24×	2.41×	2.63×
Returns
Return on equity	11.7%	10.5%	11.2%	9.4%	(0.2%)	(11.6%)	12.6%	14.5%	8.1%	10.9%	7.9%	10.0%	4.4%	0.9%	(0.2%)	(2.1%)	(4.2%)	6.9%	12.8%	14.1%	6.9%	(2.7%)	0.7%	(1.0%)	3.2%	11.0%	14.0%	2.5%	2.9%	(0.8%)	(21.2%)	(3.5%)	(11.9%)
Return on invested capital	7.1%	7.3%	7.7%	6.9%	(0.2%)	(7.2%)	7.6%	4.8%	5.9%	6.3%	5.7%	6.4%	4.2%	–	2.6%	1.7%	1.2%	6.7%	8.7%	6.8%	5.7%	4.5%	4.2%	6.5%	–	7.3%	8.7%	3.6%	4.2%	4.8%	2.4%	4.4%	2.8%
Dividend yield	5.1%	6.0%	4.0%	1.3%	–	3.1%	4.7%	5.3%	4.4%	4.4%	5.9%	2.6%	2.2%	1.7%	0.7%	0.2%	0.6%	13.2%	4.9%	2.4%	1.5%	0.3%	–	–	11.7%	6.5%	11.3%	–	–	–	–	–	1.8%
Financial health
Current ratio	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.02×	2.92×	4.68×	2.71×	1.62×	1.73×	1.77×	2.28×	3.04×	2.17×	0.84×	0.50×	0.46×	3.23×	6.78×	14.73×	9.29×	1.23×	1.26×
Debt / equity	0.20×	0.29×	0.26×	0.26×	0.17×	0.30×	0.20×	0.06×	0.21×	0.17×	0.18×	0.21×	0.20×	0.07×	0.11×	0.87×	0.94×	1.06×	1.03×	1.13×	2.27×	2.35×	2.62×	3.49×	3.55×	3.93×	3.51×	2.76×	2.16×	1.58×	3.23×	3.18×	4.95×
Effective tax rate	5.1%	1.9%	4.6%	3.9%	89.2%	22.9%	3.1%	11.5%	12.3%	4.9%	1.6%	1.9%	9.1%	134.8%	3.6%	19.6%	16.5%	(0.8%)	0.6%	1.7%	14.8%	13.5%	5.1%	(3.0%)	200.0%	(160.7%)	(8.9%)	49.4%	43.4%	(62.5%)	17.3%	17.4%	14.3%
Share count
Diluted shares outstanding	694	704	713	718	710	706	731	741	739	744	753	787	748	720	693	656	587	527	567	494	363	349	307	274	295	229	240	218	210	179	162	150	128

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993
Revenue and gross profit
Revenue	$6,219	$6,114	$5,684	$5,311	$4,907	$2,890	$1,620	$5,469	$5,524	$5,387	$5,430	$5,350	$5,321	$5,166	$5,059	$4,714	$4,361	$4,135	$5,119	$5,227	$4,813	$3,881	$3,640	$3,448	$3,160	$3,316	$1,407	$1,376	$3,564	$2,806	$1,942	$484	$1,501	$1,354
Cost of revenue	–	($2,210)	($1,986)	($1,829)	($1,655)	($1,980)	($1,468)	($3,288)	($3,323)	($2,603)	($2,625)	($3,307)	($3,297)	($3,238)	($2,660)	($2,952)	($2,320)	($2,720)	($3,164)	($3,266)	($2,935)	($1,443)	($1,392)	($1,331)	–	–	–	–	($524)	($2,164)	($1,562)	($248)	($1,141)	($1,054)
Gross profit	–	$3,904	$3,698	$3,482	$3,252	$910	$152	$2,181	$2,201	$2,784	$2,805	$2,043	$1,701	$1,582	$2,399	$1,512	$2,041	$1,424	$1,975	$2,145	$1,878	$2,438	$2,248	$2,117	–	–	–	–	$3,040	$642	$380	$236	$360	$300
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($125)	($124)	($123)	($132)	($107)	($99)	($89)	($107)	($104)	($98)	($106)	($94)	($43)	($121)	($107)	($111)	($768)	($116)	($58)	($69)	($665)	($170)	($212)	($199)	($161)	($32)	–	($37)	($50)	($45)	($43)	($36)	($37)	($28)
Total operating expenses	($2,874)	($3,049)	($2,823)	($2,655)	($2,477)	($1,160)	($1,105)	($1,382)	($1,671)	($2,108)	($2,121)	($1,412)	($1,007)	($1,070)	($2,037)	($1,203)	($1,818)	($1,275)	($1,233)	($1,219)	($1,116)	($1,919)	($1,841)	($1,801)	–	–	–	–	($2,531)	($272)	($205)	($158)	($206)	($206)
Total costs and expenses	($5,314)	($5,259)	($4,809)	($4,484)	($4,132)	($3,140)	($2,573)	($4,670)	($4,994)	($4,711)	($4,746)	($4,719)	($4,627)	($4,654)	($4,697)	($4,405)	($4,138)	($3,986)	($4,377)	($4,301)	($4,051)	($3,362)	($3,233)	($3,132)	($2,694)	($2,785)	($880)	($766)	($3,055)	($2,436)	($1,767)	($406)	($1,347)	($1,260)
Operating income	$905	$855	$875	$827	$775	($250)	($953)	$799	$530	$676	$684	$631	$694	$512	$362	$309	$223	$149	$742	$926	$762	$519	$407	$316	$466	$531	$527	$610	$509	$370	$175	$78	$154	$94
Earnings
EBITDA	$1,692	$1,650	$1,637	$1,524	$1,439	$512	($288)	$1,475	$1,474	$1,427	$1,408	$1,339	$1,387	$1,209	$1,084	$918	$805	$764	$1,297	$1,423	$1,213	$892	$761	$683	$854	$905	$858	$903	$752	$134	$13	($44)	($15)	($84)
Interest income	$47	$32	$54	$75	$30	$2	$8	$32	$15	$6	$3	$4	$4	$4	$23	$20	$8	$7	$20	$37	$33	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($237)	($235)	($215)	($191)	($156)	($191)	($194)	($222)	($176)	($167)	($154)	($227)	($207)	($304)	($373)	($371)	($383)	($379)	($375)	($444)	($450)	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,093	$818	$721	$788	$669	($102)	($961)	$962	$1,301	$651	$811	$574	$755	$231	$23	($28)	($158)	($236)	$380	$536	$299	$162	($74)	($237)	($67)	$4	$61	$180	$174	$83	($8)	($75)	($23)	($70)
Income tax expense	($51)	($42)	($14)	($36)	($26)	$91	$220	($30)	($150)	($80)	($40)	($9)	($14)	($21)	($31)	$1	$31	$39	$3	($3)	($5)	($24)	$10	$12	($2)	($8)	$98	$16	($86)	($36)	($5)	$13	$4	$10
Net income	$1,027	$765	$697	$740	$633	($11)	($732)	$920	$1,087	$564	$762	$558	$732	$317	$61	($15)	($130)	($252)	$395	$703	$738	$166	($64)	$14	($16)	$51	$156	$211	$47	$50	($13)	($143)	($25)	($60)
Per share
Diluted EPS (GAAP)	$1.49	$1.10	$0.99	$1.04	$0.88	($0.02)	($1.04)	$1.26	$1.47	$0.76	$1.02	$0.74	$0.96	$0.42	$0.08	($0.02)	($0.20)	($0.45)	$0.72	$1.32	$1.45	$0.37	($0.18)	($0.0685)	($0.0583)	$0.0783	$0.62	$0.90	$0.22	$0.23	($0.0727)	($0.88)	($0.17)	($0.47)
Basic EPS (GAAP)	$1.49	$1.11	$0.99	$1.04	$0.89	($0.02)	($1.04)	$1.26	$1.47	$0.76	$1.03	$0.74	$0.97	$0.43	$0.08	($0.02)	($0.20)	($0.45)	$0.74	$1.33	$1.46	$0.37	($0.18)	($0.0685)	($0.0583)	$0.0783	$0.63	$0.93	$0.22	$0.23	($0.0727)	($0.88)	($0.17)	($0.47)
Basic shares outstanding	688	691	702	710	715	710	706	730	740	739	743	752	755	744	718	693	656	586	522	534	492	363	349	307	274	243	225	232	218	210	179	162	150	128
Margins
Gross margin	–	63.9%	65.1%	65.6%	66.3%	31.5%	9.4%	39.9%	39.8%	51.7%	51.7%	38.2%	32.0%	30.6%	47.4%	32.1%	46.8%	34.4%	38.6%	41.0%	39.0%	62.8%	61.8%	61.4%	–	–	–	–	85.3%	22.9%	19.6%	48.8%	24.0%	22.2%
Operating margin	14.6%	14.0%	15.4%	15.6%	15.8%	(8.7%)	(58.8%)	14.6%	9.6%	12.5%	12.6%	11.8%	13.0%	9.9%	7.2%	6.6%	5.1%	3.6%	14.5%	17.7%	15.8%	13.4%	11.2%	9.2%	14.7%	16.0%	37.5%	44.3%	14.3%	13.2%	9.0%	16.1%	10.3%	6.9%
Net margin	16.5%	12.5%	12.3%	13.9%	12.9%	(0.4%)	(45.2%)	16.8%	19.7%	10.5%	14.0%	10.4%	13.8%	6.1%	1.2%	(0.3%)	(3.0%)	(6.1%)	7.7%	13.4%	15.3%	4.3%	(1.8%)	0.4%	(0.5%)	1.5%	11.1%	15.3%	1.3%	1.8%	(0.7%)	(29.5%)	(1.7%)	(4.4%)

Analyst consensus

Buy43 analysts

Bearish · 2 · Hold · 18 · Bullish · 23

Earnings history

	EPS	Estimate
Q3 2024	$0.12	$0.10	Beat
Q4 2024	$0.15	$0.15	Match
Q1 2025	$0.35	$0.27	Beat
Q2 2025	$0.32	$0.22	Beat
Q3 2025	$0.23	$0.19	Beat
Q4 2025	$0.20	$0.19	Beat
Q1 2026	$0.67	$0.36	Beat
Q2 2026	$0.35	$0.34	Beat

Peers

Company overview

IPO dateMar 17, 1980

CEOJames F. Risoleo

Employees162

SectorReal Estate

IndustryREIT - Hotel & Motel

CountryUS

ExchangeNASDAQ Global Select

Websitewww.hosthotels.com

Host Hotels & Resorts, Inc., a distinguished member of the S&P 500 index, stands as the world's foremost lodging real estate investment trust (REIT) and a leading proprietor of luxury and upper-upscale hotel properties. The company boasts an extensive portfolio comprising roughly 46,100 rooms distributed among 74 locations across the United States and five international sites. Beyond these owned assets, it also holds non-controlling stakes in seven joint ventures—six domestically and one internationally. The firm's operational approach is characterized by a stringent capital allocation methodology and robust asset management tactics. It collaborates with a broad array of esteemed hospitality brands, including Marriott, Ritz-Carlton, Westin, Sheraton, W, St. Regis, The Luxury Collection, Hyatt, Fairmont, Hilton, Swissôtel, ibis, and Novotel, in addition to various independent hotel labels.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.