|HST Overview
HST

HOST HOTELS & RESORTS, INC.

Real Estate • CIK: 0001070750

Loading...

Market Cap
$10.72B
P/E (TTM)
16.3x
Rev Growth (TTM)
Net Margin (TTM)
11.1%
FCF Yield (TTM)
FCF Margin (TTM)
24.1%

LATEST EARNINGS

Q4 FY2025
9 days ago
View source
Revenue
$1.60B
+12.3%
Net Income
$137.00
+25.7%
EPS
$0.20
+33.3%
Operating
12.0% +1.0%
Net
8.5% +0.9%
  • Full year 2025 GAAP net income increased 9.8% to $776 million, benefiting from operational improvements and asset sales.
  • Full year 2025 Adjusted EBITDAre increased 4.6% to $1,757 million, driven by rate improvements and acquisitions, offsetting business interruption proceeds decline.
  • Completed $1.4 billion of real estate sales in 2025 and early 2026, including two properties in Q4 2025 and three subsequent to year-end.
  • Moody's upgraded the Company's credit rating to Baa2 with a stable outlook.

Cash Flow Health

Free Cash Flow6/8 positive
TTM$1.4B
Q2 '25
$444M+46%
Q1 '25
$305M-8%
FCF Margin
TTM24.1%
Q2 '2528.0%+46%
Sector: 32.2%Below Avg
OCF Margin
OCF/NI2.17x
CapEx Coverage
FCF Yield
FCF Growth (2Y)
Cash Conversion Cycle

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldEst.
Est.10.3%
Div Yield5.9%
+
Est. Buyback4.5%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)5.9%
FCF Payout Ratio43.9%
Free Cash Flow (TTM)$1.4B
Stock Repurchases ()$262.0M
Est. Dividends Paid (TTM)$627.8M
Estimated: Buyback data estimated from FCF. Actual repurchase data not available for this company.
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
14.0%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
13.9%
Asset Turnover
0.46x
Leverage (1+D/E)
1.00x
D/E: 0.00x
DuPont: 6.4%14.0% ROIC
Asset & CapEx Efficiency
Invested Cap Turn
1.01x
8Q:
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q2 2024Q1 2024Q1 2024
Revenue
$5.9B
$1.6B0.5%
$1.6B11.6%
$1.4B8.3%
$1.3B10.0%
$1.5B
$0100.0%
$1.5B
$0
Operating Income
$854.0M
$277.0M2.8%
$285.0M81.5%
$157.0M16.3%
$135.0M53.8%
$292.0M
$0100.0%
$291.0M
$0
Net Income
$659.0M
$221.0M10.9%
$248.0M129.6%
$108.0M31.7%
$82.0M65.7%
$239.0M10.8%
$268.0M103.0%
$132.0M18.9%
$111.0M
Operating Cash Flow
$1.4B
$444.0M45.6%
$305.0M7.9%
$331.0M5.2%
$349.0M23.0%
$453.0M24.1%
$365.0M18.9%
$307.0M2.2%
$314.0M
Free Cash Flow
$1.4B
$444.0M45.6%
$305.0M7.9%
$331.0M5.2%
$349.0M23.0%
$453.0M
$0100.0%
$365.0M
$0
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
16.3x
Valuation Lenses
Earnings
16.3x
vs sector
Cash Flow
7.5x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
1.2P/E per %ROIC
ROIC: 14.0%
Shareholder Returns
Dividend
5.9%
Buyback
Total Yield
Market Cap$10.72B
EV
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
77/100
High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 25%
9.9%
8Q:
Return on Invested Capital (ROIC)Top 25%
14.0%
8Q:
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 13.9%
Asset Turnover: 0.46x

Earnings Quality

Cash Conversion

2.17x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin100.0%

Capital Efficiency

Invested Capital Turnover1.01x

Working Capital

Cash Conversion Cycle

Growth Quality & Momentum

Growth Rates

Revenue Growth YoY
N/A
OpInc Growth YoY
-5.1%
EPS Growth YoY
N/A
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
100.0%
Operating
14.4%
Below Avg in sector
Net
11.1%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+13.0 pts
FCF: 24.1% | Net: 11.1%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $771.00M
Interest Coverage
+Net cash position: $771.00M
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis