Park Hotels & Resorts Inc. PK

Consumer discretionary SIC 7011 - Hotels & Motels NAICS Accommodation and Food Services › Accommodation › Traveler Accommodation derived NYSE

We are one of the largest publicly-traded lodging real estate investment trusts ("REIT") with a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value. As of February 20, 2026, our portfolio consists of 34 premium-branded hotels and resorts with approximately 23,000 rooms, located in prime United States ("U.S.") markets with high barriers to entry. Our strategic focus is on our 21 Core hotels, including one unconsolidated joint venture, with our consolidated Core hotels contributing approximately 90% of our Hotel Adjusted EBITDA. All of our rooms are located in the U.S. and its territories, and over 96% of rooms in our Core portfolio are luxury and upper upscale. We are focused on consistently delivering superior risk-adjusted returns to stockholders through active asset management and a thoughtful external growth strategy, with a strategic focus on our Core portfolio, while maintaining a strong and flexible balance sheet.

Last close 16.35 2026-10-23
Market cap $3.29B 2026-06-30 share count
52-week range 9.84 - 17.14

Valuation FY2025 figures against the last close

P/S1.3x
P/E—
P/FCF32.3x
EV/EBITDA—
Dividend yield8.5%
Diluted EPS-1.43

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.54B$2.60B$2.70B$2.50B$1.36B$852.0M$2.84B$2.74B$2.79B$2.73B
SG&A $72.0M$69.0M$65.0M$63.0M$62.0M$63.0M$62.0M$65.0M$68.0M$71.0M
Total operating expenses $2.63B$2.28B$2.59B$2.22B$1.54B$2.12B$2.44B$2.33B$2.42B$2.31B
Operating income -$33.0M$391.0M$343.0M$296.0M-$179.0M-$1.20B$426.0M$504.0M$371.0M$419.0M
Interest expense $209.0M$214.0M$207.0M$217.0M$228.0M$213.0M$140.0M$127.0M$124.0M$181.0M
Pre-tax income -$270.0M$165.0M$144.0M$173.0M-$450.0M-$1.45B$351.0M$500.0M$285.0M$221.0M
Income tax $7.0M$61.0M$38.0M$0$2.0M$6.0M$35.0M$23.0M$2.35B$82.0M
Net income -$283.0M$212.0M$97.0M$162.0M-$459.0M-$1.44B$306.0M$472.0M$2.62B$133.0M
EPS, basic -1.431.020.440.71-1.95-6.111.442.3212.380.67
EPS, diluted -1.431.010.440.71-1.95-6.111.442.3112.210.67
Shares, diluted (wtd. avg.) 199.0M209.0M215.0M228.0M236.0M236.0M213.0M204.0M214.0M198.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $232.0M$402.0M$750.0M$939.0M$763.0M$981.0M$346.0M$410.0M$364.0M$337.0M
Property, plant and equipment $6.96B$7.40B$7.46B$8.30B$8.51B$9.19B$9.59B$7.97B$8.31B$8.54B
Goodwill ——————$607.0M$607.0M$606.0M$604.0M
Other intangibles $41.0M$41.0M$42.0M$43.0M$44.0M$45.0M$46.0M$27.0M$41.0M$44.0M
Total assets $7.70B$9.16B$9.42B$9.73B$9.74B$10.59B$11.29B$9.36B$9.71B$9.83B
Long-term debt $3.86B$3.87B$3.79B$4.64B$4.71B$5.16B$3.89B$2.96B$2.97B—
Total liabilities $4.62B$5.57B$5.65B$5.44B$5.34B$5.74B$4.84B$3.78B$3.75B$6.01B
Retained earnings -$902.0M-$420.0M-$344.0M$16.0M-$83.0M$376.0M$1.92B$2.05B$2.23B—
Total equity $3.13B$3.65B$3.77B$4.29B$4.40B$4.84B$6.45B$5.59B$5.96B$3.82B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $398.0M$429.0M$503.0M$409.0M-$137.0M-$438.0M$499.0M$444.0M$653.0M$399.0M
Stock-based compensation $19.0M$19.0M$18.0M$17.0M$19.0M$20.0M$16.0M$16.0M$14.0M—
Capital expenditure $296.0M$227.0M$285.0M$168.0M$54.0M$86.0M$240.0M$178.0M$185.0M$227.0M
Investing cash flow -$209.0M-$166.0M-$217.0M$87.0M$394.0M$119.0M-$635.0M$419.0M-$165.0M-$224.0M
Financing cash flow -$365.0M-$573.0M-$475.0M-$320.0M-$475.0M$914.0M$97.0M-$816.0M-$459.0M$29.0M
Dividends paid $280.0M$512.0M$152.0M$7.0M$0$241.0M$494.0M$464.0M$386.0M$180.0M
Buybacks $45.0M$116.0M$180.0M$227.0M$0$66.0M$0$348.0M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001617406-26-000006.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B Revenue, FY2016: 2.7B Net income, FY2016: 133M Revenue, FY2017: 2.8B Net income, FY2017: 2.6B Revenue, FY2018: 2.7B Net income, FY2018: 472M Revenue, FY2019: 2.8B Net income, FY2019: 306M Revenue, FY2020: 852M Net income, FY2020: -1.4B Revenue, FY2021: 1.4B Net income, FY2021: -459M Revenue, FY2022: 2.5B Net income, FY2022: 162M Revenue, FY2023: 2.7B Net income, FY2023: 97M Revenue, FY2024: 2.6B Net income, FY2024: 212M Revenue, FY2025: 2.5B Net income, FY2025: -283M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.73B $2.79B $2.74B $2.84B $852.0M $1.36B $2.50B $2.70B $2.60B $2.54B
Gross profit — — — — — — — — — —
Net income $133.0M $2.62B $472.0M $306.0M -$1.44B -$459.0M $162.0M $97.0M $212.0M -$283.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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