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Park Hotels & Resorts Inc. (PK) stock

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NYSE: PK NYSE Hotel & Resort REITs Next results ~November 4, 2026

D Fundamentals grade

Park Hotels & Resorts Inc. is a US-listed company in the hotel & resort REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 129% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 129% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Park Hotels & Resorts Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling1 purchase and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds210 adding, 157 cuttingOf 48 active managers that changed their stake, 29 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Park Hotels & Resorts files

Where Park Hotels & Resorts stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.54bn, down 1.4% on a year earlier, a smaller fall than the 2.2% decline a quarter earlier. That puts it 9 of 11 for growth among the hotel & resort reits companies we cover. Free-cash-flow margin fell to 3.2% from 7.3% a year earlier. Operating margin narrowed to 2.0% from 9.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 0 of our 5 financial-health checks.

Our model value for Park Hotels & Resorts is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Park Hotels & Resorts Inc.'s trailing-twelve-month revenue fell 1.4% year on year, with a free-cash-flow margin of 3.2%. Where it lags: operating margin of 2.0% ranks 10 of 10 hotel & resort reits companies we cover.

Our discounted-cash-flow model values the business at ~$5.6 per share in the base case (—–$14 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 48% in the quarter to 2026-06-30, the 2nd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 2.0% in a year, so each share owns more of the business.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 8.9% over 90 days.

Things to watch

  • Revenue shrinking. Revenue fell 1.4% over the last 12 months.
  • Margins narrowing. Operating margin is down 7.7 points on a year ago.
  • Below peers: operating margin. Operating margin of 2.0% ranks 10 of 10 hotel & resort reits companies we cover (median 12.8%).
  • Below peers: net margin. Net margin of -6.4% ranks 14 of 15 hotel & resort reits companies we cover (median 2.0%).
  • Heavily shorted. 22.6% of the shares available to trade are sold short (9.5 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.33 against an average estimate of $0.22: beat by 48.1%
Revenue
$680m, up 1.2% on a year earlier
Share reaction
-1.2% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.02

Park Hotels & Resorts' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.4%
  • 1 week+1.5%
  • 1 month+8.4%
  • This year+70.5%
  • 1 year+77.4%
  • 5 years+26.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.5B
Operating margin
2.0%
Net margin
-6.4%
EPS (TTM, diluted)
$-0.82

Growth

Revenue growth
−1.4%
Change in growth rate
+0.8 pts
Share count change
−2.0%

Cash

Free cash flow (TTM)
$81M
FCF margin
3.2%
Stock pay % of revenue
0.8%

Earnings

Last results
August 6, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Our research
  3. Our research
  4. Our research
  5. Agreement ended
  6. Leadership
  7. Leadership
  8. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Park Hotels & Resorts Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 129% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Park Hotels & Resorts Inc. as an equity reit, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.82 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$10 ~$8.7–$13 Included
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$0.2 ~$4.7–$9.6 Left out: out of range vs price (0.01x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$17 ~$14–$20 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Park Hotels & Resorts Inc. with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 201720182019202020212022202320242025Now
Share price$15.33$15.26$16.31$11.40$12.54$8.02$11.99$12.11$9.88$16.84
Market value$3.3bn$3.1bn$3.5bn$2.7bn$3.0bn$1.8bn$2.6bn$2.5bn$2.0bn$3.4bn
+ Net debt (− = net cash)$2.6bn$2.5bn$3.5bn$4.2bn$4.0bn$3.7bn$3.1bn$3.5bn$3.6bn$3.7bn
Enterprise value$5.9bn$5.7bn$7.0bn$6.9bn$7.0bn$5.6bn$5.6bn$6.0bn$5.6bn$7.0bn
Multiples
Price / sales 1.2x1.1x1.2x3.2x2.2x0.7x1.0x1.0x0.8x1.3x
Price / earnings 1.2x6.6x11.4x——11.3x26.6x11.9x——
Price / free cash flow 7.0x11.7x13.4x——7.6x11.8x12.5x19.3x41.4x
EV / EBITDA 8.9x7.2x10.2x—68.4x9.9x9.0x9.2x18.4x21.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

41 /100

Weak moat

How hard Park 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 0 / 20

    Net income has been a median 0.1% of total assets over 10 years.

  • Durability 1 / 20

    Operating margin has been a median 7.8%; its worst year was -76.1%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 8 of 10 years, at a median 7.0% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 15.5% over five years; stock-based pay has been a median 0.7% 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.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $604m and EPS of $0.02 (range $0.00 to $0.05) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.54 +567% $2.5bn −1%
Next $0.58 +7% $2.6bn +2%

Next year's EPS estimate has moved +8.9% in 90 days, across 4 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.22 $0.33 +48.1%
Mar 2026 $0.08 $0.11 +38.0%
Dec 2025 $0.10 $0.10 −1.7%
Sept 2025 $0.04 −$0.15 −436.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

18 analysts, Oct 2026
Buy633%
Hold1056%
Sell211%

Monthly trend

  1. Oct 2026510218
  2. Sep 2026510218
  3. Aug 2026312218
  4. Jul 2026312218

Counts of recommendations published by analysts covering Park Hotels & Resorts Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
22.6%
of tradable shares
Days to cover
9.53
at average volume
Short interest, 1 month
−0%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
4.3%
of shares
Employees
90
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +77.4%

$9.49 on October 31, 2025 to $16.84

ThenNowEffect
Revenue (last 12 months) $2.6bn $2.5bn −1.4%
P/S multiple 0.7x 1.3x +76.3%
Share count 203m 199m +2.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +73.1%

$9.73 on November 3, 2023 to $16.84

ThenNowEffect
Revenue (last 12 months) $2.7bn $2.5bn −5.5%
P/S multiple 0.8x 1.3x +64.9%
Share count 221m 199m +11.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PK+10%−36%+49%+1%−18%+71%
Industry peers (median)+17%−17%+12%−1%−17%+52%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PK33%42%50%42%42%91%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PK−35%−46%−27%−22%−36%−13%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since January 4, 2017: 84% from May 3, 2019 to March 18, 2020. Getting back needed a 534% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$9.08 – $16.99
From 52-week high
−0.9%
vs 50-day average
+8.5%
vs 200-day average
+30.5%
Volatility (1 year)
30%
Beta vs S&P 500
0.81

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±2.8%
After a week
5 up, 7 down
typical move ±5.1%
After a month
6 up, 6 down
typical move ±7.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −1.2% +0.5% +0.6% +2.1%
April 30, 2026 +0.1% +1.3% −1.3% +13.8%
February 19, 2026 −1.6% +0.5% +2.5% −10.1%
October 30, 2025 −6.2% −0.8% −7.4% −3.2%
July 31, 2025 −5.3% −2.0% −4.5% +8.8%
May 5, 2025 −3.3% −1.4% +8.9% −1.9%
February 19, 2025 −1.0% −0.2% −6.2% −11.9%
November 12, 2024 +0.9% −0.3% −4.5% +2.8%
October 29, 2024 +0.7% −0.1% +2.2% +11.5%
July 31, 2024 −2.5% +0.2% −9.9% −0.2%
April 30, 2024 −4.2% −1.9% −3.2% −6.7%
February 27, 2024 +6.0% +0.1% +10.0% +13.8%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Park Hotels & Resorts Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Park Hotels & Resorts Inc.
$2.5B $2.6B $2.6B $2.7B $2.7B $2.8B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.7B Revenue (TTM), FY23 Q4: $2.7B Revenue (TTM), FY24 Q1: $2.7B Revenue (TTM), FY24 Q2: $2.7B Revenue (TTM), FY24 Q3: $2.6B Revenue (TTM), FY24 Q4: $2.6B Revenue (TTM), FY25 Q1: $2.6B Revenue (TTM), FY25 Q2: $2.6B Revenue (TTM), FY25 Q3: $2.5B Revenue (TTM), FY25 Q4: $2.5B Revenue (TTM), FY26 Q1: $2.5B Revenue (TTM), FY26 Q2: $2.5B $2.5B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.7B
FY23 Q4 $2.7B
FY24 Q1 $2.7B
FY24 Q2 $2.7B
FY24 Q3 $2.6B
FY24 Q4 $2.6B
FY25 Q1 $2.6B
FY25 Q2 $2.6B
FY25 Q3 $2.5B
FY25 Q4 $2.5B
FY26 Q1 $2.5B
FY26 Q2 $2.5B
Revenue growth, TTM YoY Park Hotels & Resorts Inc.
-10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 18.3% Revenue growth, TTM YoY, FY23 Q4: 7.9% Revenue growth, TTM YoY, FY24 Q1: 0.7% Revenue growth, TTM YoY, FY24 Q2: -1.0% Revenue growth, TTM YoY, FY24 Q3: -2.8% Revenue growth, TTM YoY, FY24 Q4: -3.7% Revenue growth, TTM YoY, FY25 Q1: -3.7% Revenue growth, TTM YoY, FY25 Q2: -3.2% Revenue growth, TTM YoY, FY25 Q3: -3.6% Revenue growth, TTM YoY, FY25 Q4: -2.2% Revenue growth, TTM YoY, FY26 Q1: -2.2% Revenue growth, TTM YoY, FY26 Q2: -1.4% -1.4%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 18.3%
FY23 Q4 7.9%
FY24 Q1 0.7%
FY24 Q2 -1.0%
FY24 Q3 -2.8%
FY24 Q4 -3.7%
FY25 Q1 -3.7%
FY25 Q2 -3.2%
FY25 Q3 -3.6%
FY25 Q4 -2.2%
FY26 Q1 -2.2%
FY26 Q2 -1.4%
Operating margin (TTM) Park Hotels & Resorts Inc.
-10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 5.6% Operating margin (TTM), FY23 Q4: 12.7% Operating margin (TTM), FY24 Q1: 13.2% Operating margin (TTM), FY24 Q2: 21.6% Operating margin (TTM), FY24 Q3: 22.2% Operating margin (TTM), FY24 Q4: 15.0% Operating margin (TTM), FY25 Q1: 11.8% Operating margin (TTM), FY25 Q2: 9.7% Operating margin (TTM), FY25 Q3: 8.4% Operating margin (TTM), FY25 Q4: -1.3% Operating margin (TTM), FY26 Q1: 0.9% Operating margin (TTM), FY26 Q2: 2.0% 2.0%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 5.6%
FY23 Q4 12.7%
FY24 Q1 13.2%
FY24 Q2 21.6%
FY24 Q3 22.2%
FY24 Q4 15.0%
FY25 Q1 11.8%
FY25 Q2 9.7%
FY25 Q3 8.4%
FY25 Q4 -1.3%
FY26 Q1 0.9%
FY26 Q2 2.0%
FCF margin (TTM) Park Hotels & Resorts Inc.
0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 6.9% FCF margin (TTM), FY23 Q4: 8.1% FCF margin (TTM), FY24 Q1: 7.1% FCF margin (TTM), FY24 Q2: 6.8% FCF margin (TTM), FY24 Q3: 8.4% FCF margin (TTM), FY24 Q4: 7.8% FCF margin (TTM), FY25 Q1: 7.3% FCF margin (TTM), FY25 Q2: 7.3% FCF margin (TTM), FY25 Q3: 4.8% FCF margin (TTM), FY25 Q4: 4.0% FCF margin (TTM), FY26 Q1: 2.7% FCF margin (TTM), FY26 Q2: 3.2% 3.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 6.9%
FY23 Q4 8.1%
FY24 Q1 7.1%
FY24 Q2 6.8%
FY24 Q3 8.4%
FY24 Q4 7.8%
FY25 Q1 7.3%
FY25 Q2 7.3%
FY25 Q3 4.8%
FY25 Q4 4.0%
FY26 Q1 2.7%
FY26 Q2 3.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

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

Fiscal year 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 2,688 2,727 2,791 2,737 2,844 852 1,362 2,501 2,698 2,599 2,541 2,541
EBITDA 873 719 659 781 690 −904 102 565 630 648 303 327
Operating income 586 419 371 504 426 −1,202 −179 296 343 391 −33 52
Net income 292 133 2,625 472 306 −1,440 −459 162 97 212 −283 −163
Diluted EPS $1.48 $0.67 $12.21 $2.31 $1.44 −$6.11 −$1.95 $0.71 $0.44 $1.01 −$1.43 −$0.82
Growth (year on year)
Revenue — +1.5% +2.3% −1.9% +3.9% −70.0% +59.9% +83.6% +7.9% −3.7% −2.2% −1.4%
EBITDA — −17.6% −8.3% +18.5% −11.7% −231.0% — +453.9% +11.5% +2.9% −53.2% −42.5%
Operating income — −28.5% −11.5% +35.8% −15.5% −382.2% — — +15.9% +14.0% −108.4% −79.2%
Net income — −54.5% +>999% −82.0% −35.2% −570.6% — — −40.1% +118.6% −233.5% −381.0%
Diluted EPS — −54.7% +>999% −81.1% −37.7% −524.3% — — −38.0% +129.5% −241.6% −386.7%
Margins
EBITDA margin 32.5% 26.4% 23.6% 28.5% 24.3% −106.1% 7.5% 22.6% 23.4% 24.9% 11.9% 12.9%
Operating margin 21.8% 15.4% 13.3% 18.4% 15.0% −141.1% −13.1% 11.8% 12.7% 15.0% −1.3% 2.0%
Net margin 10.9% 4.9% 94.1% 17.2% 10.8% −169.0% −33.7% 6.5% 3.6% 8.2% −11.1% −6.4%
Free-cash-flow margin 10.9% 6.3% 16.8% 9.7% 9.1% −61.5% −14.0% 9.6% 8.1% 7.8% 4.0% 3.2%
Cash flow
Cash from operations 519 399 653 444 499 −438 −137 409 503 429 398 404
Capital spending 226 227 185 178 240 86 54 168 285 227 296 323
Free cash flow 293 172 468 266 259 −524 −191 241 218 202 102 81
Stock-based pay — — 14 16 16 20 19 17 18 19 19 20
Free cash flow after stock pay — — 454 250 243 −544 −210 224 200 183 83 61
Balance sheet
Cash 72 337 364 410 346 951 688 906 717 402 232 264
Total debt 45 3,012 2,973 2,958 3,886 5,156 4,706 4,644 3,786 3,865 3,856 3,932
Net debt (negative = net cash) −27 2,675 2,609 2,548 3,540 4,205 4,018 3,738 3,069 3,463 3,624 3,668
Diluted shares 198m 198m 214m 204m 213m 236m 236m 228m 215m 209m 199m 199m
Returned to shareholders
Dividends 81 180 386 464 494 241 0 7 152 512 280 199
Buybacks — — — 348 0 66 0 227 180 116 45 0
Total returned 81 180 386 812 494 307 0 234 332 628 325 199

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 5 checks passed · June 30, 2026
  • Short-term assets cover short-term liabilities The company doesn't report a short-term split. Not assessable.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $264m of cash against $3.9bn of debt.
  • Debt below 40% of shareholders' equity Debt is 127% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 106% to 127% over five years.
  • A year's operating cash flow covers at least 20% of debt $404m of operating cash flow against $3.9bn of debt.
  • Operating profit covers interest at least five times over Operating income of $52m against $207m of interest.

From Park Hotels & Resorts Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$0
Dividends (TTM)
$199M
Returned to shareholders
246%
of free cash flow
Buybacks, last 3 fiscal years
$341M
Diluted share count
−2.0%
year over year
Total shareholder yield
5.9%
dividends 5.9% + buybacks 0.0% of market value

Competitors: side by side with peers

Closest by revenue in hotel & resort reits
Last 12 months unless stated PK RHP SVC VICI PEB APLE Median
Revenue, last 12 months $2.5bn $2.7bn $1.7bn $4.2bn $1.5bn $1.4bn $1.4bn
Revenue growth, last 12 months −1.4% 12.2% −11.9% 4.7% 2.8% 1.2% 1.2%
Revenue growth, 3-year average −1.9% 10.5% −4.1% 6.4% 2.3% 3.1% 1.5%
Revenue growth, latest quarter 1.2% 13.6% −16.4% 5.8% 1.0% 4.7% 3.4%
Gross margin — 43.8% 40.0% 99.3% — 40.2% 40.0%
Operating margin 2.0% 19.8% 18.7% 26.2% 3.1% 17.9% 12.8%
Operating margin, 3-year average 11.1% 20.3% 18.0% 68.3% 3.4% 18.9% 13.0%
Net margin −6.4% 9.9% −25.4% 56.5% −4.6% 12.2% 2.0%
Cash from operations / revenue 15.9% 25.2% 7.4% 65.1% 19.0% 26.8% 19.8%
Free-cash-flow margin 3.2% 10.0% −4.2% 65.1% 14.6% 20.2% 10.6%
Free-cash-flow margin, 3-year average 5.8% 9.2% −5.2% 62.5% −6.0% 21.9% 7.3%
Stock pay / revenue 0.8% 0.5% 0.2% 0.4% 0.7% — 0.7%
Change in share count −2.0% 4.9% −19.7% 2.1% 2.8% −1.3% −1.3%

Median of all 15 companies we cover in hotel & resort reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

15 hotel & resort reits companies
Measure Company Peer median Rank
Revenue growth Growth -1.4% 1.2% 11 of 15
Change in growth rate Growth +0.8pp +0.7pp 7 of 15
Operating margin Profitability 2.0% 12.8% 10 of 10
Net margin Profitability -6.4% 2.0% 14 of 15
Stock pay as % of revenue Cash generation 0.8% 0.7% 8 of 13
Long-term debt as % of assets Balance sheet 51.1% 45.0% 11 of 14
Change in share count Balance sheet -2.0% -1.3% 5 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Occupancy $1.5B 59.2% ▼ 4.1%
Food and Beverage $685M 27.0% ▼ 0.4%
Ancillary Hotel $259M 10.2% ▲ 1.2%
Hotel Other $92M 3.6% ▲ 7.0%

From Park Hotels & Resorts Inc.'s 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.1B
Institutions reporting
397
Shares held vs prior quarter
▲ 9.7%
Positions opened / closed
60 / 40

Top buyers and sellers, Q2 2026: 210 institutions bought and 157 sold ; the biggest buyer was Blackrock, Inc (+5.5M shares) and the biggest seller Sculptor Capital LP (−3.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $444M 31.2M 14.5% ▲ 21.5%
Vanguard Portfolio Management LLC $249M 17.5M 8.1% ▲ 9.0%
Donald Smith & Co., Inc. $207M 14.5M 6.8% ▼ 12.6%
State Street Corp $161M 11.1M 5.3% ▲ 11.2%
Bank Of America Corp $136M 9.6M 4.5% ▼ 9.8%
Vanguard Capital Management LLC $124M 8.7M 4.1% ▲ 3.7%
Goldman Sachs Group Inc $95.6M 6.7M 3.1% ▲ 151.3%
Allianz Asset Management Gmbh $95.5M 6.7M 3.1% ▲ 3.7%
Geode Capital Management, LLC $83.1M 5.8M 2.7% ▲ 44.7%
Charles Schwab Investment Management Inc $75.4M 5.3M 2.5% ▲ 9.8%
AQR Capital Management LLC $73.3M 5.2M 2.4% ▲ 0.7%
UBS Group AG $59.5M 4.2M 1.9% ▼ 26.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Park Hotels & Resorts Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $32,999 1 trade by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $32,999 net buying
Insider Date Trade Shares Price Value
Kelly Christie B. Director January 14, 2026 Buy 2,949 $11.19 $32,999

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 8 trades and filings

No trades in Park Hotels & Resorts Inc. disclosed in the last 12 months; 8 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded June 17, 2025, filed August 13, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded June 9, 2025, filed August 13, 2025
  • Daniel S. Goldman(D-NY 10):Sale (full), $1,001 - $15,000, traded July 12, 2023, filed August 13, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around October 29, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • April 30, 2026
  • February 19, 2026
  • October 30, 2025
  • July 31, 2025
  • May 5, 2025

Recent SEC filings

Data status

When each part of this page on Park Hotels & Resorts Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Park Hotels & Resorts Inc. in brief

What does Park Hotels & Resorts Inc. do?
Park Hotels & Resorts Inc. is a US-listed company in the hotel & resort REITs industry. Its financial year ends in December.
What is Park Hotels & Resorts Inc.'s stock ticker?
Park Hotels & Resorts Inc. trades under the ticker PK on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Park Hotels & Resorts Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Park Hotels & Resorts Inc. reported revenue of $2.5B, 1.4% lower than a year earlier, according to its SEC filings.
What is Park Hotels & Resorts Inc.'s free cash flow?
Park Hotels & Resorts Inc.'s free-cash-flow margin is 3.2% of revenue over the trailing twelve months.
Who are Park Hotels & Resorts Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Donald Smith & Co., Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Park Hotels & Resorts Inc. buying back stock, and does it pay a dividend?
Park Hotels & Resorts Inc. spent $0 on share repurchases over the trailing twelve months, and its diluted share count fell 2.0% over the year.
What is Park Hotels & Resorts Inc.'s market cap?
On November 2, 2026, Park Hotels & Resorts Inc.'s market capitalisation was about $3.4B and net debt of $3.7B. Market figures come from third-party market data and may be delayed.
Does Park Hotels & Resorts Inc. pay a dividend?
Yes: Park Hotels & Resorts Inc. paid $199M in dividends over the trailing twelve months, a dividend yield of 5.87%.
How much debt does Park Hotels & Resorts Inc. have?
Park Hotels & Resorts Inc.'s debt-to-equity ratio is 127.2%, from its latest balance sheet (105.7% five years earlier). The financial health section below sets out its other solvency checks.
Who are Park Hotels & Resorts Inc.'s competitors?
In our Hotel & Resort REITs peer group, the companies closest to Park Hotels & Resorts Inc. are Ryman Hospitality Properties, Inc., Service Properties Trust, Vici Properties, Pebblebrook Hotel Trust and Apple Hospitality Reit, Inc. The side-by-side comparison below sets their revenue, margins and growth against Park Hotels & Resorts Inc.'s.
Are insiders buying or selling Park Hotels & Resorts Inc. stock?
Over the last 12 months, Park Hotels & Resorts Inc.'s directors and officers reported 1 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Park Hotels & Resorts Inc.'s next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Park Hotels & Resorts Inc. announces its own schedule.