Saturday 17 October 2026
Export SHO’s income statement to Excel — free account
Sunstone Hotel Investors, Inc.
SHO Real Estate Reit Hotel & Motel
Sunstone Hotel Investors, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $960.1 million, up 6.00% from fiscal 2024. In the quarter to June 2026, revenue grew 6.67%, EPS grew 366.7%, free cash flow fell 48.7% and total debt rose 11.5%, each against the same quarter a year earlier. Dividend growth for three consecutive years.
11.83
0.04
−0.34%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 7 | 6 | 5 | 4 | 7 | 8 | 8 | 4 | 5 |
P/E ratio |
28.59 | 27.82 | 12.39 | 25.78 | 0.00 | 195.50 | 26.97 | 11.56 | 84.57 | 223.50 |
P/S ratio |
2.79 | 3.10 | 2.54 | 2.82 | 9.13 | 4.98 | 2.20 | 2.24 | 2.64 | 1.80 |
P/FCF ratio |
22.55 | 22.68 | 6.38 | 13.95 | 0.00 | 0.00 | 51.60 | 4.89 | 0.00 | 13.62 |
P/Operating CF |
56.00 | 48.47 | 34.28 | 39.13 | (83.22) | 127.07 | 33.63 | 75.20 | 78.33 | 47.26 |
P/B ratio |
1.42 | 1.55 | 1.17 | 1.29 | 1.29 | 1.30 | 1.11 | 1.17 | 1.31 | 1.04 |
Price to Tangible BV |
1.42 | 1.55 | 1.17 | 1.29 | 1.29 | 1.30 | 1.11 | 1.17 | 1.31 | 1.04 |
EV/Sales |
3.06 | 3.48 | 2.65 | 2.85 | 10.41 | 5.82 | 2.92 | 2.57 | 3.37 | 2.57 |
EV/EBITDA |
10.07 | 11.65 | 9.03 | 10.70 | 0.00 | 52.66 | 11.30 | 9.77 | 14.08 | 11.06 |
EV/Operating CF |
12.66 | 13.52 | 10.07 | 10.93 | (23.89) | 104.45 | 12.72 | 12.77 | 17.90 | 13.55 |
EV/FCF |
24.75 | 25.40 | 6.68 | 14.13 | (931.98) | (13.76) | 68.46 | 5.60 | (14.05) | 19.38 |
Quick Ratio |
1.17 | 2.45 | 3.85 | 2.77 | 4.68 | 1.09 | 2.27 | 6.70 | 2.79 | 2.55 |
Current Ratio |
1.39 | 3.00 | 3.90 | 2.81 | 4.79 | 1.61 | 2.59 | 7.03 | 3.15 | 2.94 |
Net Debt/EBITDA |
0.90 | 1.25 | 0.40 | 0.13 | (1.40) | 7.57 | 2.78 | 1.24 | 3.05 | 3.29 |
Debt/Assets |
20.38% | 26.03% | 25.13% | 23.08% | 25.39% | 19.36% | 26.36% | 25.86% | 27.07% | 30.31% |
Debt/Equity |
0.30 | 0.39 | 0.37 | 0.35 | 0.36 | 0.26 | 0.39 | 0.38 | 0.40 | 0.47 |
Asset Turnover |
0.31 | 0.31 | 0.30 | 0.28 | 0.08 | 0.17 | 0.30 | 0.32 | 0.29 | 0.31 |
Operating CF/Net income |
2.43 | 2.31 | 1.28 | 2.37 | 0.28 | 2.08 | 2.87 | 1.03 | 6.08 | 21.49 |
Capex/Depreciation |
(0.83) | (0.82) | 0.98 | (0.30) | 0.76 | (1.69) | (1.22) | 1.81 | (2.80) | (0.39) |
Interest Coverage |
3.76 | 3.60 | 3.81 | 2.53 | (7.39) | (2.85) | 3.00 | 2.30 | 1.57 | 1.43 |
| 5.17% | 5.60% | 9.67% | 4.96% | (19.28%) | 0.71% | 3.88% | 10.45% | 1.51% | 0.49% | |
| 3.11% | 3.49% | 6.07% | 3.11% | (12.09%) | 0.45% | 2.39% | 6.18% | 0.90% | 0.28% | |
ROIC |
4.13% | 3.85% | 3.99% | 3.23% | (10.13%) | (2.07%) | 2.19% | 2.98% | 1.78% | 1.77% |
Return on Tangible Assets |
3.56% | 3.69% | 6.41% | 3.55% | (14.88%) | 0.48% | 2.45% | 6.30% | 0.93% | 0.29% |
Average Days of Receivables |
12.07 | 10.46 | 10.66 | 11.52 | 11.67 | 20.60 | 16.85 | 11.55 | 13.74 | 12.80 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
26.22% | 25.94% | 25.94% | 26.74% | 66.66% | 40.65% | 29.00% | 28.63% | 29.73% | 29.13% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.19) | (0.15) | (0.12) | (0.12) | (0.19) | (0.20) | (0.38) | (0.20) | (0.32) | (0.48) |
Graham Number |
11.50 | 12.06 | 16.24 | 11.44 | 0.00 | 3.50 | 8.17 | 13.85 | 5.33 | 2.78 |
Earnings Yield |
3.50% | 3.59% | 8.07% | 3.88% | (16.95%) | 0.51% | 3.71% | 8.65% | 1.18% | 0.45% |
Free Cash Flow Yield |
4.43% | 4.41% | 15.67% | 7.17% | (0.12%) | (8.49%) | 1.94% | 20.44% | (9.09%) | 7.34% |
Revenue per Share |
5.53 | 5.38 | 5.13 | 4.94 | 1.24 | 2.35 | 4.29 | 4.80 | 4.49 | 4.96 |
Operating CF per Share |
1.34 | 1.38 | 1.35 | 1.29 | (0.54) | 0.13 | 0.98 | 0.96 | 0.84 | 0.94 |
Capex per Share |
(0.67) | (0.62) | 0.69 | (0.21) | 0.53 | (1.13) | (0.80) | 1.24 | (1.92) | (0.30) |
Free Cash Flow per Share |
0.67 | 0.76 | 2.04 | 1.08 | (0.01) | (1.00) | 0.19 | 2.20 | (1.07) | 0.64 |
Cash per Share |
2.04 | 2.52 | 3.82 | 3.83 | 1.93 | 0.75 | 0.74 | 2.40 | 0.89 | 0.96 |
Shareholders Equity per Share |
11.78 | 11.64 | 12.00 | 11.61 | 9.68 | 10.36 | 9.81 | 10.54 | 10.43 | 10.04 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
11.78 | 11.64 | 12.00 | 11.61 | 9.68 | 10.36 | 9.81 | 10.54 | 10.43 | 10.04 |
Free Cash Flow |
144.74 | 168.18 | 460.56 | 243.75 | (2.91) | (215.24) | 39.59 | 452.49 | (216.33) | 123.79 |
Working Capital |
158.82 | 485.57 | 675.75 | 588.18 | 344.35 | 106.34 | 139.13 | 472.91 | 165.28 | 167.29 |
Capital Expenditures |
(143.04) | (138.61) | 155.27 | (47.17) | 113.80 | (243.61) | (169.79) | 254.36 | (386.71) | (57.97) |
Net Current Asset Value |
(639.78) | (547.51) | (353.19) | (384.17) | (461.19) | (519.18) | (770.99) | (431.40) | (760.48) | (830.98) |
EV/EBIT |
19.30 | 22.25 | 16.91 | 23.16 | 0.00 | 0.00 | 27.77 | 21.33 | 38.80 | 32.53 |
Capex to Sales |
0.12 | 0.12 | (0.13) | 0.04 | (0.42) | 0.48 | 0.19 | (0.26) | 0.43 | 0.06 |
Price to Operating Income |
17.58 | 19.86 | 16.16 | 22.87 | 0.00 | 0.00 | 20.93 | 18.63 | 30.39 | 22.86 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
Cash ROIC |
3.88% | 4.06% | 10.07% | 5.55% | (0.09%) | (7.20%) | 1.30% | 13.02% | (6.92%) | 4.06% |
Accounts Receivable Turnover |
33.33 | 32.46 | 34.06 | 32.30 | 12.24 | 27.30 | 25.76 | 26.92 | 27.74 | 28.33 |
Accounts Payable Turnover |
12.55 | 12.21 | 12.97 | 11.79 | 3.84 | 4.20 | 5.26 | 5.76 | 6.51 | 6.19 |
Inventory Turnover |
317.59 | 325.37 | 347.56 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
31.68 | 28.01 | 27.51 | 33.39 | 97.23 | 97.52 | 84.25 | 50.22 | 58.45 | 64.32 |
Days of Inventory on Hand |
1.07 | 1.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
35.68 | 36.78 | 34.03 | 34.53 | 21.89 | 18.65 | 35.41 | 36.65 | 32.66 | 33.89 |
Average Payables |
33.15 | 33.96 | 31.12 | 33.02 | 36.47 | 42.51 | 60.72 | 61.07 | 50.57 | 57.93 |
Average Inventory |
1.31 | 1.27 | 1.16 | — | — | — | — | — | — | — |
Average Assets |
3,802.16 | 3,798.52 | 3,915.32 | 3,945.90 | 3,452.35 | 3,013.38 | 3,061.93 | 3,116.07 | 3,127.98 | 3,067.82 |
Average Common Equity |
2,288.98 | 2,367.01 | 2,456.67 | 2,476.12 | 2,165.23 | 1,928.95 | 1,881.12 | 1,844.55 | 1,854.08 | 1,743.86 |
Columns are period end dates