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Host Hotels & Resorts key statistics and ratios

In fiscal 2025, Host Hotels & Resorts had return on equity of 11.6%, an operating margin of 14.0% and debt equal to 78.4% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Operating margin2.4%—6.6%7.2%9.9%13.0%11.8%12.6%12.5%9.6%14.6%−58.8%−8.7%15.8%15.6%15.4%14.0%14.6%
Net margin−6.1%—−0.3%1.2%6.1%13.8%10.4%14.0%10.5%19.7%16.8%−45.2%−0.4%12.9%13.9%12.3%12.5%16.5%
Free-cash-flow margin13.3%—7.1%8.2%13.9%15.5%14.5%18.6%19.0%18.6%16.7%−40.1%−0.0%22.6%23.5%21.8%20.1%21.4%
Return on equity−4.1%——0.9%4.5%10.1%7.8%10.8%8.1%15.0%12.4%−10.7%−0.2%9.6%11.1%10.5%11.6%15.9%
Return on assets−2.0%——0.5%2.5%5.9%4.7%6.6%4.9%9.1%7.5%−5.8%−0.1%5.1%6.0%5.5%5.9%7.8%
Asset turnover0.33——0.390.400.430.450.470.470.460.450.130.230.400.430.450.470.47
Debt to equity94.3%——80.0%66.2%54.6%57.3%52.5%57.1%51.5%52.3%88.4%76.7%63.4%64.0%77.9%78.4%79.6%
Interest cover (operating income ÷ interest)0.3x—0.8x1.0x1.7x3.4x2.8x4.4x4.0x3.0x3.6xn/mn/m5.0x4.3x4.1x3.6x3.8x
Effective tax rate————9.1%1.9%1.6%4.9%12.3%11.5%3.1%——3.9%4.6%1.9%5.1%4.7%
Capital spending as % of revenue0.0%—6.9%7.2%5.9%5.9%7.2%5.4%3.8%5.0%6.1%21.2%10.1%6.3%3.7%4.6%4.6%4.4%
Free cash flow ÷ net income———680.3%225.9%112.6%139.2%132.4%181.7%94.4%99.3%——175.2%168.4%177.6%160.5%129.5%
Dividends ÷ net income———306.6%98.7%64.1%115.8%78.2%111.3%57.9%67.7%——23.7%73.9%105.7%81.4%63.5%
Dividends and buybacks ÷ free cash flow7.6%—20.9%45.1%43.7%56.9%170.0%80.7%61.3%61.3%120.9%——16.0%58.5%68.2%67.4%54.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

59 /100

Moderate moat

How hard Host Hotels & Resorts's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Net income has been a median 5.3% of total assets over 10 years.

  • Durability 3 / 20

    Operating margin has been a median 12.9%; its worst year was -54.4%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 9 of 10 years, at a median 19.0% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 6.7% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

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More: Hotel & Resort REITs stocks compared, Real Estate sector, rankings of US companies

Figures from Host Hotels & Resorts's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Host Hotels & Resorts.