Park Hotels & Resorts Inc. (PK)

Park Hotels & Resorts inc. is one of the largest publicly traded lodging real estate investment trusts. With a diverse portfolio of iconic and market-leading hotels and resorts with significant underlying real estate value, Park's portfolio currently consists of 30 premium branded hotels and resorts with approximately 21,000 rooms primarily located in prime city center and resort locations. Park Hotels & Resorts Inc. was incorporated in 1946 in Delaware and is based in Tyson, Virginia.

Ticker: PK
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Hotel & Motel
Market cap: $3.18B
52-week range: $9.84 - $17.14

Valuation

Share price: $15.74 (close of Nov 6, 2026)
P/E (TTM): -18.52x
Price to book: 1.07x
Price to free cash flow: 29.45x
Enterprise value: $7.03B
Book value per share: $14.68

Price performance

Period	Change
1 day	+1.22%
5 days	-5.18%
1 month	+3.21%
3 months	+9.69%
6 months	+40.29%
Year to date	+50.48%
1 year	+54.92%
3 years	+17.03%
5 years	-25.47%
All time	-47.36%

Short interest

As of: Oct 15, 2026
Short % of float: 22.14%
Shares short: 32.00M
Days to cover: 8.27
Change since prior report: -2.18%
Source: FINRA consolidated short interest

Profitability and growth

Return on equity: -9.20%
Return on invested capital: -0.46%
Return on assets: -3.68%
Gross margin: 3.15%
Net margin: -11.14%
EBITDA margin: 11.92%
Revenue growth: -2.23%
Net income growth: -233.49%
Free cash flow growth: -49.50%

Cash flow and balance sheet

Free cash flow yield (TTM): 3.40%
Net debt to EBITDA: 11.41x

Latest reported year

Period end: Dec 31, 2025
Fiscal year: 2025
Revenue: $2.54B
Cost of revenue: $2.46B
Gross profit: $80.00M
EBITDA: $303.00M
Net income: -$283.00M
Earnings per share: $-1.43
Interest expense: $209.00M
Shares outstanding: 199.00M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$2.54B	$80.00M	-$283.00M	-$1.43
2024-12-31	$2.60B	$505.00M	$212.00M	$1.02
2023-12-31	$2.70B	$440.00M	$97.00M	$0.44
2022-12-31	$2.50B	$391.00M	$162.00M	$0.71
2021-12-31	$1.36B	-	-$459.00M	-$1.95
2020-12-31	$852.00M	-	-$1.44B	-$6.11
2019-12-31	$2.84B	$522.00M	$306.00M	$1.44
2018-12-31	$2.74B	$526.00M	$472.00M	$2.32
2017-12-31	$2.79B	$493.00M	$2.63B	$12.38
2016-12-31	$2.73B	$545.00M	$133.00M	$0.67

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	3.15%	-11.14%	-9.20%	-0.46%
2024-12-31	19.43%	8.16%	5.90%	4.66%
2023-12-31	16.31%	3.60%	2.57%	3.60%
2022-12-31	15.63%	6.48%	3.78%	3.24%
2021-12-31	-	-33.70%	-10.42%	-1.92%
2020-12-31	-	-169.01%	-29.73%	-11.68%
2019-12-31	18.35%	10.76%	4.74%	3.69%
2018-12-31	19.22%	17.25%	8.45%	5.63%
2017-12-31	17.66%	94.05%	44.03%	4.15%
2016-12-31	19.99%	4.88%	3.48%	4.93%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$232.00M	$3.86B
2024-12-31	$402.00M	$3.87B
2023-12-31	$717.00M	$3.79B
2022-12-31	$906.00M	$4.64B
2021-12-31	$688.00M	$4.71B
2020-12-31	$951.00M	$5.16B
2019-12-31	$346.00M	$3.89B
2018-12-31	$410.00M	$2.96B
2017-12-31	$364.00M	$2.97B
2016-12-31	$337.00M	$3.01B

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$102.00M	$19.00M
2024-12-31	$202.00M	$19.00M
2023-12-31	$218.00M	$18.00M
2022-12-31	$241.00M	$17.00M
2021-12-31	-$191.00M	$19.00M
2020-12-31	-$524.00M	$20.00M
2019-12-31	$259.00M	$16.00M
2018-12-31	$266.00M	$16.00M
2017-12-31	$468.00M	$14.00M
2016-12-31	$172.00M	-

Dividend history

Most recent payment: Sep 30, 2026
Paid in the last twelve months: $1.00

Payment date	Dividend per share
2026-09-30	$0.25
2026-06-30	$0.25
2026-03-31	$0.25
2025-12-31	$0.25
2025-09-30	$0.25
2025-06-30	$0.25
2025-03-31	$0.25
2024-12-31	$0.65

Investor relations

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-11-04	Sep 2026	$0.34
2026-08-06	Jun 2026	$0.57
2026-04-30	Mar 2026	$0.38
2026-02-19	Dec 2025	$0.46
2025-10-30	Sep 2025	$0.36
2025-07-31	Jun 2025	$0.54
2025-05-05	Mar 2025	$0.39
2025-02-19	Dec 2024	$0.38

Filings and sources

Company website: pkhotelsandresorts.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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