FirmAtlas
Company handbook · HST · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
HST · CIK 1070750 · LATEST FILING: 10-Q JUN '26 · FILED AUG 7, 2026
HOST HOTELS & RESORTS, INC.
$23.97
+0.12 (+0.50%)
Close, Oct 16, 2026 · 52-week $16–26
Last fiscal year
HOST HOTELS & RESORTS, INC. reported revenue of $6.1B for the year ended Dec 31, 2025 (FY25), up 7.6% from FY24. Net income was $765M, operating cash flow $1.5B and free cash flow $1.2B. Source: 10-K filed Feb 25, 2026.
Market cap
$16.5B
P/E
16.1
EV/EBITDA
12.5x
P/B
2.6
Div yield
6.97%
ROIC
7.5%
Revenue 1Y
7.6%/yr
EPS 1Y
11.1%/yr
Shares 1Y
−2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJames F. Risoleo
HQBethesda, MD
AuditorKPMG LLP
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
4.5%
7.4%
13.8%
48.1%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$2.2B deployed
Capex
$542M
24.5%
Dividends
$1.4B
61.4%
Buybacks
$312M
14.1%
Operating cash flow over the period: $3.0B. Total debt changed by −$6M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
5,684
6,114+7.6%
6,219
YoY
+7.6%
Operating income
875
855−2.3%
905
Operating margin
15.4%
14.0%−1.4 pp
—
EBITDA
1,637
1,650+0.8%
—
EBITDA margin
28.8%
27.0%−1.8 pp
—
Interest expense
215
235+9.3%
—
Interest coverage
7.61x
7.02x−0.59x
—
Net income
697
765+9.8%
1,027
YoY
+9.8%
Net margin
12.3%
12.5%+0.2 pp
—
EPS (diluted, $)
0.99
1.10+11.1%
1.50
YoY
+11.1%
Balance sheet
Total assets
13,048
13,049+0.0%
13,253
Cash & short-term investments
798
937+17.4%
—
Net PP&E
10,906
10,636−2.5%
—
Other assets
1,344
1,476+9.8%
—
Total liabilities
6,439
6,491+0.8%
6,865
Total debt
5,083
5,077−0.1%
5,082
Other liabilities
1,356
1,414+4.3%
—
Shareholders’ equity
6,609
6,558−0.8%
6,388
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,498
1,510+0.8%
1,606
Net income
707
776+9.8%
—
Depreciation & amortization
762
795+4.3%
—
Stock-based compensation
24
26+8.3%
—
Working capital & other
5
(87)−1840.0%
—
Cash from investing
(2,040)
(507)n/m
—
Capex
(260)
(282)n/m
—
PP&E sold
0
125n/m
—
Other investing
(1,780)
(350)n/m
—
Cash from financing
(13)
(868)n/m
—
Debt raised
1,279
892−30.3%
—
Debt repaid
(400)
(900)n/m
—
Dividends
(737)
(623)n/m
—
Buybacks
(107)
(205)n/m
—
Other financing
(48)
(32)n/m
—
Net change in cash
(565)
139n/m
—
Free cash flow (OCF − capex)
1,238
1,228−0.8%
1,330
Where the cash went
Operating cash flow
1,498
1,510+0.8%
1,606
Reinvested in the business
260
282+8.5%
—
% of operating cash flow
17.4%
18.7%
Capex
260
282+8.5%
276
Free cash flow
1,238
1,228−0.8%
1,330
YoY
−0.8%
Returned to shareholders
844
828−1.9%
—
% of free cash flow
68.2%
67.4%
Dividends
737
623−15.5%
—
Buybacks
107
205+91.6%
—
Change in total debt
—
(6)
—
Cash left over
—
394
—
FCF conversion (FCF ÷ net income)
177.6%
160.5%−17.1 pp
—
Buyback yield
0.9%
1.7%+0.8 pp
—
Returns & ratios
ROIC (all capital)
7.9%
7.5%−0.4 pp
—
ROIC (operating)
7.9%
7.5%−0.3 pp
—
Net debt / EBITDA
2.62x
2.51x−0.11x
—
Debt / equity
0.77x
0.77x+0.01x
—
ROE
10.5%
11.7%+1.1 pp
—
ROA
5.3%
5.9%+0.5 pp
—
NOPAT
858
811−5.5%
—
Invested capital (operating)
10,906
10,636−2.5%
—
Invested capital (all)
10,894
10,698−1.8%
—
Reinvestment rate
—
−33.3%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,331
1,603
1,645
1,640
vs year-ago quarter
Operating income
101
192
319
293
Net income
161
135
494
237
vs year-ago quarter
Net margin
12.1%
8.4%
30.0%
14.5%
EPS (diluted, $)
0.23
0.20
0.72
0.35
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
13,040
13,049
13,154
13,253
Cash & equivalents
746
937
1,856
2,111
Total debt
5,079
5,077
5,079
5,082
Shareholders’ equity
6,661
6,558
6,827
6,388
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
218
543
342
503
Capex
75
98
51
52
Free cash flow
143
445
291
451
vs year-ago quarter