Xenia Hotels & Resorts, Inc. key statistics and ratios

In fiscal 2025, Xenia Hotels & Resorts, Inc. had return on equity of 5.3%, an operating margin of 10.0% and debt equal to 126.5% 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.

Xenia Hotels & Resorts, Inc.: financial ratios, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	37.6%	36.1%	34.8%	32.7%	4.9%	27.6%	32.6%	31.4%	29.7%	30.6%	30.8%
Operating margin	11.7%	11.0%	12.5%	9.7%	−65.4%	−9.9%	11.2%	9.5%	8.4%	10.0%	6.7%
Net margin	9.0%	10.5%	18.3%	4.8%	−44.2%	−23.3%	5.6%	1.9%	1.6%	5.8%	−0.7%
Free-cash-flow margin	18.0%	13.4%	13.8%	13.4%	−39.7%	1.5%	11.7%	7.5%	2.2%	8.3%	10.6%
Return on equity	5.3%	6.1%	11.3%	3.1%	−9.9%	−9.6%	3.9%	1.4%	1.3%	5.3%	−0.6%
Return on assets	3.0%	3.3%	6.2%	1.7%	−5.2%	−4.7%	1.8%	0.6%	0.6%	2.2%	−0.3%
Asset turnover	0.33	0.32	0.34	0.36	0.12	0.20	0.32	0.34	0.36	0.38	0.40
Debt to equity	66.5%	82.4%	63.7%	74.4%	88.4%	105.8%	100.3%	109.0%	107.7%	126.5%	123.4%
Interest cover (operating income ÷ interest)	2.3x	2.2x	2.6x	2.3x	n/m	n/m	1.3x	1.1x	1.1x	1.2x	0.9x
Effective tax rate	5.5%	7.2%	2.9%	8.6%	—	—	3.7%	6.8%	−28.5%	2.0%	—
Capital spending as % of revenue	6.2%	9.1%	10.2%	8.1%	18.7%	5.2%	7.1%	11.8%	13.5%	8.0%	6.1%
Free cash flow ÷ net income	198.7%	127.9%	75.4%	277.1%	—	—	208.8%	403.1%	143.5%	142.5%	—
Dividends ÷ net income	134.1%	119.8%	62.9%	227.2%	—	—	1.1%	3.0%	2.2%	0.9%	—
Dividends and buybacks ÷ free cash flow	110.8%	96.9%	83.4%	82.0%	—	0.6%	24.7%	172.7%	69.9%	134.5%	43.0%

US$ thousands unless shown otherwise. Fiscal quarters.

Xenia Hotels & Resorts, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	25.8%	29.0%	32.3%	33.6%	25.1%	30.4%	33.8%	32.9%
Operating margin	3.2%	8.2%	12.4%	14.0%	2.0%	10.1%	14.1%	0.0%
Net margin	−3.0%	−0.2%	5.4%	19.2%	−5.8%	2.3%	6.7%	−6.5%
Free-cash-flow margin	1.8%	2.4%	7.8%	6.2%	18.7%	2.1%	10.1%	12.2%
Debt to equity	110.5%	107.4%	117.8%	117.1%	120.9%	125.5%	119.5%	122.5%

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.

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 $112m of cash against $1.4bn of debt.
Debt below 40% of shareholders' equity Debt is 122% of equity.
Debt burden no higher than five years ago Debt to equity moved from 104% to 122% over five years.
A year's operating cash flow covers at least 20% of debt $182m of operating cash flow against $1.4bn of debt.
Operating profit covers interest at least five times over Operating income of $73m against $85m of interest.

From Xenia 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.

Moat

42 /100

Weak moat

How hard Xenia 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 1.3% of total assets over 10 years.
Pricing power 7 / 20

Gross margin has been a median 30.8%, moving by 5.8 percentage points (standard deviation) across 9 years.
Durability 1 / 20

Operating margin has been a median 8.5%; its worst year was -46.1%.
Cash conversion 13 / 20

Free cash flow was positive in 7 of 9 years, at a median 10.2% of revenue.
Discipline 20 / 20

The diluted share count fell 17.7% over five years; stock-based pay has been a median 1.2% 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.

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Figures from Xenia Hotels & Resorts, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Xenia Hotels & Resorts, Inc.