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Host Hotels & Resorts, Inc.

HST Real Estate Reit Hotel & Motel

Host Hotels & Resorts, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.1 billion, up 7.57% from fiscal 2024.

Revenue
+3.40%
EPS
+9.37%
Free cash flow
+8.23%
Total debt
+0.10%

Quarter to June 2026, against a year earlier

25.58 0.28 +1.11%
Market cap
$17.3B
P/E
16.9×
Fwd P/E
18.4×
Dividend yield
2.37%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Revenue by segment Fiscal 2025

  • Hotel Ownership

Every year since 2008 →

Insider Decisions last twelve months

Sold, $m 5.16
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — 1 — — 3 — — 2 — — —
Insider Ownership 1.58%

Capital & Financial Ratios $m

Size
Market Cap 17,330.00
Revenue ttm 6,219.00
Net income ttm 1,042.00
Free cash flow ttm 2,428.00
Net debt Q 3,129.00
Valuation
P/E 16.87
Forward P/E 18.40
Price / sales 2.79
Forward P/S Powerpack
Price / FCF 7.14
Price / book 2.71
Financial health
Current ratio Q 2.96
Debt / equity Q 0.80
Interest coverage Q 5.05
Growth
Revenue growth Q +3.40% (above 0%: growing)
Operating income growth Q +5.78% (above 0%: growing)
EPS, this year +25.83% (at or above 15%: strong)
EPS, next year A −23.06% (below 0%: weak)
Revenue, next year A +0.82%
EPS, past 5 yrs —
EPS, next 5 yrs A −1.57% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.3×, against a ten-year median of 3.1×; over the ten years it ranged from 2.0× in 2020 to 16.9× in 2021.
P/E against its own 10 years 47.38%
10-year low 10-year high
P/S against its own 10 years 76.86%
10-year low 10-year high
P/B against its own 10 years 99.89%
10-year low 10-year high
EV/Sales against its own 10 years 70.84%
10-year low 10-year high
EV/FCF against its own 10 years 23.27%
10-year low 10-year high

Dividends

Yield
2.37%
Annual rate
0.60
Payout ratio
40.0%
Growth, 2016–25
0.00%/yr
  1. 0.80 ’16
  2. 0.60 ’17 −25%
  3. 0.60 ’18 +0%
  4. 0.60 ’19 +0%
  5. 0.20 ’20 −67%
  6. 0.21 ’22 +5%
  7. 0.83 ’23 +295%
  8. 0.80 ’24 −4%
  9. 0.80 ’25 +0%
  10. 1.57 ’26e +96%
paid forecast Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,144 554 768 1,953
Receivables 128 36 39 110
Inventory — — — —
Other — — — —
1,344 669 921 2,177
2023 2024 2025 Q'26
Payables 408 351 355 736
ST’ Debt — — — —
Other — — — —
408 351 355 736

Compound Annual Growth %

10y 5y 3y
Sales 1.34% 30.43% 7.61%
Cash Flow 2.67% 0.00% 2.17%
Earnings 3.21% 0.00% 6.52%
Book Value (0.79%) 0.73% (0.77%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.62 Actual 0.63

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.33 0.35 Beat by 0.02
Q4 FY25 0.47 0.51 Beat by 0.04
Q1 FY26 0.63 0.67 Beat by 0.04
Q2 FY26 0.62 0.63 Beat by 0.01
Q3 FY26 0.38 — Reports 4 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.72 0.35 — — —
’25 0.35 0.32 0.23 0.20 1.10
’24 0.38 0.34 0.12 0.15 0.99
’23 0.40 0.29 0.16 0.19 1.04
’22 0.16 0.36 0.16 0.20 0.88
’21 (0.22) (0.09) (0.17) 0.45 (0.02)
’20 0.00 (0.50) (0.44) (0.09) (1.04)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,645 1,640 — — —
’25 1,594 1,586 1,331 1,603 6,114
’24 1,471 1,466 1,319 1,428 5,684
’23 1,381 1,393 1,214 1,323 5,311
’22 1,074 1,381 1,189 1,263 4,907
’21 399 649 844 998 2,890
’20 1,052 103 198 267 1,620
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 342 503 — — —
’25 305 444 218 543 1,510
’24 365 453 349 331 1,498
’23 308 512 314 307 1,441
’22 261 447 348 360 1,416
’21 (49) 9 118 214 292
’20 157 (172) (149) (143) (307)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1,331 447 — — —
’25 210 413 11 639 1,273
’24 262 409 121 418 1,210
’23 248 380 208 188 1,024
’22 296 551 325 283 1,455
’21 (78) (19) 91 600 594
’20 27 (125) (439) 12 (525)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 5,430 5,387 5,524 5,469 1,620 2,890 4,907 5,311 5,684 6,114 6,219 +1.3% 6,164 6,197 6,340 +1.2%
Gross margin, % 27.61 28.05 28.44 28.84 (12.28) 20.87 31.16 29.56 29.03 28.62 29.02 +1.0 pt
EBT 811 651 1,301 962 (961) (102) 669 788 721 818 1,093 +0.1%
EBT margin, % 14.94 12.08 23.55 17.59 (59.32) (3.53) 13.63 14.84 12.68 13.38 17.58 (1.6) pt
Net income 771 571 1,151 932 (741) (11) 643 752 707 776 1,042 +0.1%
Per share, $
Per share, $ Revenue 7.31 7.29 7.47 7.49 2.29 4.07 6.87 7.48 8.10 8.84 9.08 +2.1%
Earnings 1.03 0.76 1.47 1.26 (1.04) (0.02) 0.89 1.04 0.99 1.11 1.50 +0.8%
Cash flow 1.75 1.67 1.76 1.71 (0.43) 0.41 1.98 2.03 2.13 2.18 2.34 +2.5%
Capex (0.07) 0.28 1.53 0.87 (0.31) 0.43 0.05 (0.59) (0.41) (0.34) 1.20 +18.8%
Free cash flow 1.68 1.94 3.29 2.58 (0.74) 0.84 2.04 1.44 1.72 1.84 3.55 +1.0%
Book value 9.47 9.48 10.23 10.03 8.96 9.08 9.40 9.35 9.42 9.49 9.33 0.0%
Shares, m 743 739 740 730 706 710 715 710 702 691 688 (0.8%)
Valuation, ×
Valuation, × P/E 18.75 26.59 11.42 14.72 0.00 0.00 17.90 18.76 17.70 16.12 16.87 14.2
P/S 2.62 2.73 2.23 2.48 6.37 4.27 2.32 2.63 2.16 2.01 2.79 3.0
P/B 2.02 2.10 1.63 1.85 1.63 1.92 1.70 2.11 1.86 1.87 2.71 1.9
EV/Sales 3.22 3.30 2.65 2.88 8.35 5.69 3.04 3.21 2.96 2.71 3.29 3.8
EV/FCF 14.01 12.39 6.02 8.37 (25.78) 27.67 10.26 16.65 13.91 13.01 8.43 9.7
Cash, $m
Cash, $m Operating cash flow 1,302 1,230 1,300 1,250 (307) 292 1,416 1,441 1,498 1,510 1,606 +1.7%
Capex (54) 204 1,131 634 (218) 302 39 (417) (288) (237) 822 +17.9%
Free cash flow 1,248 1,434 2,431 1,884 (525) 594 1,455 1,024 1,210 1,273 2,428 +0.2%
Balance, $m
Balance, $m Working capital 151 709 1,320 1,373 2,286 835 802 936 318 566 1,441 +15.8%
Net debt 3,275 3,041 2,295 2,221 3,206 4,084 3,548 3,065 4,529 4,309 3,129 +3.1%
Shareholders’ equity 7,033 7,002 7,566 7,325 6,326 6,446 6,715 6,637 6,612 6,561 6,392 (0.8%)
Returns, %
Returns, % ROA 6.61 4.88 9.14 7.54 (5.81) (0.09) 5.14 6.04 5.51 5.86 7.84 (0.8) pt
ROIC 4.15 4.21 3.36 5.23 (6.25) (1.48) 4.72 5.33 4.91 4.92 5.94 +0.8 pt
ROE 10.78 8.04 14.92 12.36 (10.72) (0.17) 9.62 11.08 10.52 11.61 15.76 +0.8 pt
People
People Employees 220 205 184 175 163 160 165 163 165 162 — (3.3%)
Revenue/emp, $m 24.68 26.28 30.02 31.25 9.94 18.06 29.74 32.58 34.45 37.74 — +4.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Business profile

Updated

Host Hotels & Resorts is a self-managed real estate investment trust, or REIT, that owns luxury and upper-upscale hotels. It was founded in 1993 and is headquartered in Bethesda. James F. Risoleo is president and chief executive officer.

The company owns its hotels and conducts operations through Host L.P., in which it is the sole general partner and held approximately 99% of partnership interests at December 31, 2025. It had 76 primarily luxury and upper-upscale hotels with approximately 41,700 rooms as of February 20, 2026, as well as non-controlling interests in seven domestic lodging joint ventures.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Hotel Ownership 6,114 100.00%
Gross margin 28.62%
Operating margin 13.98%
Pre-tax margin 13.38%

Revenue by segment since 2008

Host Hotels & Resorts, Inc. vs peers in Reit Hotel & Motel (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
HST Host Hotels & Resorts, Inc. $17.3B 16.9× 18.4× +3.40% (above 0%: growing) +9.37% (above 0%: growing) +8.23% (above 0%: growing) 31.40% 17.87%
RHP Ryman Hospitality Properties, Inc. $9.1B 30.9× 33.6× +13.56% (above 0%: growing) +25.64% (above 0%: growing) −52.50% (below 0%: shrinking) 35.16% 23.30% Compare
APLE Apple Hospitality REIT, Inc. $4.4B 25.0× 25.7× +4.73% (above 0%: growing) +3.70% (above 0%: growing) +26.31% (above 0%: growing) 62.61% 21.90% Compare
PK Park Hotels & Resorts Inc. $3.3B — (loss-making) 38.7× +1.19% (above 0%: growing) n/m −32.86% (below 0%: shrinking) 66.32% 13.97% Compare
DRH DiamondRock Hospitality Company $2.9B 19.5× 18.2× +4.11% (above 0%: growing) +131.58% (above 0%: growing) +55.54% (above 0%: growing) 40.99% 23.04% Compare
PEB Pebblebrook Hotel Trust $2.4B — (loss-making) — (loss-making) −0.10% (below 0%: shrinking) +200.00% (above 0%: growing) +45.80% (above 0%: growing) 30.05% 14.06% Compare
SHO Sunstone Hotel Investors, Inc. $2.4B 58.1× 46.6× +6.67% (above 0%: growing) +366.67% (above 0%: growing) −48.66% (below 0%: shrinking) 64.91% 12.34% Compare
RLJ RLJ Lodging Trust $1.9B — (loss-making) 631× +5.48% (above 0%: growing) +6.67% (above 0%: growing) +61.94% (above 0%: growing) 63.62% 14.50% Compare
XHR Xenia Hotels & Resorts, Inc. $1.9B — (loss-making) — (loss-making) +2.75% (above 0%: growing) n/m −69.76% (below 0%: shrinking) 60.89% 0.01% Compare
Median of peers $2.7B 28.0× 36.2× +4.42% +78.61% −3.27% 61.75% 14.28%

All 15 Reit Hotel & Motel stocks →

From the latest earnings call

Updated

  • Jim Risoleo said second-quarter RevPAR growth reflected sustained luxury-resort demand, World Cup-related rates and group performance, while the company raised its full-year growth outlook.
  • Sourav Ghosh said the updated outlook assumes rate-driven leisure demand, modest improvement in short-term group bookings and stable business-transient demand.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 103.06%
Held by the ten largest 54.98%
Holder Shares Stake Change
Vanguard 110.15m 16.08% +787.16k
BlackRock 88.41m 12.91% +10.88m
COHEN & STEERS, INC. 44.82m 6.54% −10.30m
State Street 41.96m 6.12% −489.94k
Geode Capital Management 21.61m 3.15% +2.44m
JPMorgan Chase 17.84m 2.60% −6.36m
Invesco 13.33m 1.95% −3.85m
AQR Capital Management 13.19m 1.93% +3.51m
Arrowstreet Capital 12.83m 1.87% +1.33m
Deutsche Bank (DWS) 12.51m 1.83% +1.79m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 8 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 14.84m 23.44m 146.56
2024 16.43m 14.94m 136.65
2023 17.69m 29.91m 144.60
2022 14.47m 17.47m 113.38
2021 11.52m 16.47m 118.87
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

Host Hotels & Resorts, Inc. (HST) Latest News

28 Oct

Impact 3 · · Zacks

27 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

26 Oct

Impact 4 · · MT Newswires
Impact 3 · · Trefis

22 Oct

Impact 3 · · Barchart

21 Oct

Impact 3 · · Zacks

19 Oct

Impact 4 · · Simply Wall St.

4 Oct

Impact 4 · · 24/7 Wall St.

2 Oct

Impact 3 · · 24/7 Wall St.

24 Sep

Impact 3 · · Barchart

23 Sep

Impact 3 · · 24/7 Wall St.

18 Sep

Impact 3 ·

25 Aug

Impact 3 ·

15 Aug

Impact 4 ·

12 Aug

Impact 4 · · The Motley Fool transcript

6 Aug

Impact 3 · · MarketBeat transcript
Impact 3 ·
Impact 3 · · Moby

5 Aug

Impact 3 ·
Impact 3 ·

3 Aug

Impact 3 ·

2 Aug

Impact 4 ·

28 Jul

Impact 3 ·

17 Jul

Impact 3 · · Barchart

3 Jul

Impact 3 ·

7 May

Impact 4 · · Zacks
Impact 3 · · MarketBeat
Impact 3 · · GlobeNewswire

HST metrics, ten years each

stockrow.com/HST · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com