What is Park Hotels & Resorts's earnings per share (EPS)?

Park Hotels & Resorts (PK) reported diluted earnings per share of $-1.43 for fiscal year 2025. This represents a -241.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Park Hotels & Resorts Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Park Hotels & Resorts (PK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 31/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Park Hotels & Resorts's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Park Hotels & Resorts has an operating margin of -1.3%, meaning the company retains $-1 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is down from 15.0% the prior year.

Growth

Park Hotels & Resorts's revenue declined 2.2% year-over-year, from $2.6B to $2.5B. This contraction results in a growth score of 28/100.

Leverage

Park Hotels & Resorts carries a low D/E ratio of 1.23, meaning only $1.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Park Hotels & Resorts has a free cash flow margin of 4.0%, earning a moderate score of 40/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Park Hotels & Resorts generates a -9.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 6/100. This is down from 5.8% the prior year.

Piotroski F-Score Neutral

4/9

Park Hotels & Resorts passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-1.41x

For every $1 of reported earnings, Park Hotels & Resorts generates $-1.41 in operating cash flow ($398.0M OCF vs -$283.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-0.2x

Park Hotels & Resorts earns $-0.2 in operating income for every $1 of interest expense (-$33.0M vs $209.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.5B

YoY-2.2%

5Y CAGR+24.4%

10Y CAGR-0.6%

Park Hotels & Resorts generated $2.5B in revenue in fiscal year 2025. This represents a decrease of 2.2% from the prior year.

EBITDA

$303.0M

YoY-53.2%

10Y CAGR-10.0%

Park Hotels & Resorts's EBITDA was $303.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 53.2% from the prior year.

Net Income

-$283.0M

YoY-233.5%

Park Hotels & Resorts reported -$283.0M in net income in fiscal year 2025. This represents a decrease of 233.5% from the prior year.

EPS (Diluted)

$-1.43

YoY-241.6%

Park Hotels & Resorts earned $-1.43 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 241.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$102.0M

YoY-49.5%

10Y CAGR-10.0%

Park Hotels & Resorts generated $102.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 49.5% from the prior year.

Cash & Debt

$232.0M

YoY-42.3%

5Y CAGR-24.6%

10Y CAGR+12.4%

Park Hotels & Resorts held $232.0M in cash against $3.9B in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.00

YoY-28.6%

5Y CAGR+17.3%

Park Hotels & Resorts paid $1.00 per share in dividends in fiscal year 2025. This represents a decrease of 28.6% from the prior year.

Shares Outstanding

201M

YoY-0.3%

5Y CAGR-3.1%

Park Hotels & Resorts had 201M shares outstanding in fiscal year 2025. This represents a decrease of 0.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-1.3%

YoY-16.3pp

5Y CAGR+139.8pp

10Y CAGR-23.1pp

Park Hotels & Resorts's operating margin was -1.3% in fiscal year 2025, reflecting core business profitability. This is down 16.3 percentage points from the prior year.

Net Margin

-11.1%

YoY-19.3pp

5Y CAGR+157.9pp

10Y CAGR-22.0pp

Park Hotels & Resorts's net profit margin was -11.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 19.3 percentage points from the prior year.

Return on Equity

-9.0%

YoY-14.9pp

5Y CAGR+20.4pp

10Y CAGR-19.5pp

Park Hotels & Resorts's ROE was -9.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 14.9 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$45.0M

YoY-61.2%

5Y CAGR-7.4%

Park Hotels & Resorts spent $45.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 61.2% from the prior year.

Capital Expenditures

$296.0M

YoY+30.4%

5Y CAGR+28.0%

10Y CAGR+2.7%

Park Hotels & Resorts invested $296.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 30.4% from the prior year.

PK Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$2.5B-2.2%	$2.6B-3.7%	$2.7B+7.9%	$2.5B+83.6%	$1.4B+59.9%	$852.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$72.0M+4.3%	$69.0M+6.2%	$65.0M+3.2%	$63.0M+1.6%	$62.0M-1.6%	$63.0M
Operating Income	-$33.0M-108.4%	$391.0M+14.0%	$343.0M+15.9%	$296.0M+265.4%	-$179.0M+85.1%	-$1.2B
Interest Expense	$209.0M-2.3%	$214.0M+3.4%	$207.0M-4.6%	$217.0M-4.8%	$228.0M+7.0%	$213.0M
Income Tax	$7.0M+111.5%	-$61.0M-260.5%	$38.0M	$0-100.0%	$2.0M+133.3%	-$6.0M
Net Income	-$283.0M-233.5%	$212.0M+118.6%	$97.0M-40.1%	$162.0M+135.3%	-$459.0M+68.1%	-$1.4B
EPS (Diluted)	$-1.43-241.6%	$1.01+129.5%	$0.44-38.0%	$0.71+136.4%	$-1.95+68.1%	$-6.11

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$629.0M+3.1%	$610.0M-9.2%	$672.0M+6.7%	$630.0M+0.8%	$625.0M-3.7%	$649.0M-5.4%	$686.0M+7.4%	$639.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$18.0M+5.9%	$17.0M-10.5%	$19.0M+5.6%	$18.0M+5.9%	$17.0M0.0%	$17.0M-5.6%	$18.0M+5.9%	$17.0M
Operating Income	-$164.0M-378.0%	$59.0M-9.2%	$65.0M+828.6%	$7.0M-91.6%	$83.0M-12.6%	$95.0M-21.5%	$121.0M+31.5%	$92.0M
Interest Expense	$51.0M-3.8%	$53.0M0.0%	$53.0M+1.9%	$52.0M-1.9%	$53.0M-1.9%	$54.0M0.0%	$54.0M+1.9%	$53.0M
Income Tax	-$1.0M-116.7%	$6.0M+500.0%	$1.0M0.0%	$1.0M+101.9%	-$52.0M-2700.0%	$2.0M+116.7%	-$12.0M-1300.0%	$1.0M
Net Income	-$205.0M-1181.3%	-$16.0M-220.0%	-$5.0M+91.2%	-$57.0M-186.4%	$66.0M+22.2%	$54.0M-15.6%	$64.0M+128.6%	$28.0M
EPS (Diluted)	N/A	$-0.08-300.0%	$-0.02+93.1%	$-0.29	N/A	$0.26-13.3%	$0.30+130.8%	$0.13

PK Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$7.7B-15.9%	$9.2B-2.7%	$9.4B-3.2%	$9.7B-0.1%	$9.7B-8.0%	$10.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$232.0M-42.3%	$402.0M-43.9%	$717.0M-20.9%	$906.0M+31.7%	$688.0M-27.7%	$951.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$116.0M-11.5%	$131.0M+17.0%	$112.0M-13.2%	$129.0M+34.4%	$96.0M+269.2%	$26.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.6B-16.9%	$5.6B-1.5%	$5.7B+3.9%	$5.4B+1.9%	$5.3B-7.0%	$5.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3.9B-0.2%	$3.9B+2.1%	$3.8B-18.5%	$4.6B-1.3%	$4.7B-8.7%	$5.2B
Total Equity	$3.1B-14.1%	$3.6B-4.4%	$3.8B-12.1%	$4.3B-2.5%	$4.5B-9.0%	$4.9B
Retained Earnings	-$902.0M-114.8%	-$420.0M-22.1%	-$344.0M-2250.0%	$16.0M+119.3%	-$83.0M-122.1%	$376.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$7.7B-12.8%	$8.8B-0.5%	$8.9B-0.3%	$8.9B-2.8%	$9.2B-0.1%	$9.2B+0.1%	$9.2B+0.9%	$9.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$232.0M-16.5%	$278.0M-12.9%	$319.0M+36.9%	$233.0M-42.0%	$402.0M-16.3%	$480.0M+6.9%	$449.0M+18.8%	$378.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$116.0M-6.5%	$124.0M-3.9%	$129.0M+3.2%	$125.0M-4.6%	$131.0M+5.6%	$124.0M-6.8%	$133.0M+6.4%	$125.0M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.6B-16.0%	$5.5B+0.4%	$5.5B+0.3%	$5.5B-1.8%	$5.6B+1.8%	$5.5B+0.7%	$5.4B+1.6%	$5.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$3.9B-0.1%	$3.9B-0.1%	$3.9B-0.1%	$3.9B-0.1%	$3.9B-0.4%	$3.9B-0.1%	$3.9B+2.6%	$3.8B
Total Equity	$3.1B-7.4%	$3.4B-1.8%	$3.4B-1.4%	$3.5B-4.1%	$3.6B-2.9%	$3.8B-0.7%	$3.8B-0.2%	$3.8B
Retained Earnings	-$902.0M-39.4%	-$647.0M-11.6%	-$580.0M-10.5%	-$525.0M-25.0%	-$420.0M-19.0%	-$353.0M+0.6%	-$355.0M+3.3%	-$367.0M

PK Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$398.0M-7.2%	$429.0M-14.7%	$503.0M+23.0%	$409.0M+398.5%	-$137.0M+68.7%	-$438.0M
Capital Expenditures	$296.0M+30.4%	$227.0M-20.4%	$285.0M+69.6%	$168.0M+211.1%	$54.0M-37.2%	$86.0M
Free Cash Flow	$102.0M-49.5%	$202.0M-7.3%	$218.0M-9.5%	$241.0M+226.2%	-$191.0M+63.5%	-$524.0M
Investing Cash Flow	-$209.0M-25.9%	-$166.0M+23.5%	-$217.0M-349.4%	$87.0M-77.9%	$394.0M+231.1%	$119.0M
Financing Cash Flow	-$365.0M+36.3%	-$573.0M-20.6%	-$475.0M-48.4%	-$320.0M+32.6%	-$475.0M-152.0%	$914.0M
Dividends Paid	$280.0M-45.3%	$512.0M+236.8%	$152.0M+2071.4%	$7.0M	$0-100.0%	$241.0M
Share Buybacks	$45.0M-61.2%	$116.0M-35.6%	$180.0M-20.7%	$227.0M	$0-100.0%	$66.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$105.0M+6.1%	$99.0M-8.3%	$108.0M+25.6%	$86.0M+7.5%	$80.0M-42.9%	$140.0M+19.7%	$117.0M+27.2%	$92.0M
Capital Expenditures	$108.0M+58.8%	$68.0M+58.1%	$43.0M-44.2%	$77.0M+22.2%	$63.0M+46.5%	$43.0M-15.7%	$51.0M-27.1%	$70.0M
Free Cash Flow	-$3.0M-109.7%	$31.0M-52.3%	$65.0M+622.2%	$9.0M-47.1%	$17.0M-82.5%	$97.0M+47.0%	$66.0M+200.0%	$22.0M
Investing Cash Flow	-$96.0M-41.2%	-$68.0M-312.5%	$32.0M+141.6%	-$77.0M-140.6%	-$32.0M-146.2%	-$13.0M+74.5%	-$51.0M+27.1%	-$70.0M
Financing Cash Flow	-$54.0M+21.7%	-$69.0M-30.2%	-$53.0M+72.0%	-$189.0M-50.0%	-$126.0M-35.5%	-$93.0M-1262.5%	$8.0M+102.2%	-$362.0M
Dividends Paid	$50.0M-2.0%	$51.0M+2.0%	$50.0M-61.8%	$131.0M+147.2%	$53.0M+1.9%	$52.0M0.0%	$52.0M-85.4%	$355.0M
Share Buybacks	$0	$0	$0-100.0%	$45.0M-19.6%	$56.0M+60.0%	$35.0M+40.0%	$25.0M	$0

PK Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-1.3%-16.3pp	15.0%+2.3pp	12.7%+0.9pp	11.8%+25.0pp	-13.1%+127.9pp	-141.1%
Net Margin	-11.1%-19.3pp	8.2%+4.6pp	3.6%-2.9pp	6.5%+40.2pp	-33.7%+135.3pp	-169.0%
Return on Equity	-9.0%-14.9pp	5.8%+3.3pp	2.5%-1.2pp	3.7%+14.0pp	-10.3%+19.1pp	-29.4%
Return on Assets	-3.7%-6.0pp	2.3%+1.3pp	1.0%-0.6pp	1.7%+6.4pp	-4.7%+8.9pp	-13.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.23+0.2	1.06+0.1	0.99-0.1	1.07+0.0	1.060.0	1.05
FCF Margin	4.0%-3.8pp	7.8%-0.3pp	8.1%-1.6pp	9.6%+23.7pp	-14.0%+47.5pp	-61.5%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-26.1%-35.7pp	9.7%0.0pp	9.7%+8.6pp	1.1%-12.2pp	13.3%-1.4pp	14.6%-3.0pp	17.6%+3.2pp	14.4%
Net Margin	-32.6%-30.0pp	-2.6%-1.9pp	-0.7%+8.3pp	-9.0%-19.6pp	10.6%+2.2pp	8.3%-1.0pp	9.3%+4.9pp	4.4%
Return on Equity	-6.5%-6.1pp	-0.5%-0.3pp	-0.1%+1.5pp	-1.6%-3.4pp	1.8%+0.4pp	1.4%-0.2pp	1.7%+0.9pp	0.7%
Return on Assets	-2.7%-2.5pp	-0.2%-0.1pp	-0.1%+0.6pp	-0.6%-1.4pp	0.7%+0.1pp	0.6%-0.1pp	0.7%+0.4pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.23+0.1	1.14+0.0	1.12+0.0	1.11+0.0	1.06+0.0	1.030.0	1.03+0.0	1.00
FCF Margin	-0.5%-5.6pp	5.1%-4.6pp	9.7%+8.2pp	1.4%-1.3pp	2.7%-12.2pp	14.9%+5.3pp	9.6%+6.2pp	3.4%

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Frequently Asked Questions

What is Park Hotels & Resorts's annual revenue?

Park Hotels & Resorts (PK) reported $2.5B in total revenue for fiscal year 2025. This represents a -2.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Park Hotels & Resorts's revenue growing?

Park Hotels & Resorts (PK) revenue declined by 2.2% year-over-year, from $2.6B to $2.5B in fiscal year 2025.

Is Park Hotels & Resorts profitable?

No, Park Hotels & Resorts (PK) reported a net income of -$283.0M in fiscal year 2025, with a net profit margin of -11.1%.

What is Park Hotels & Resorts's EBITDA?

Park Hotels & Resorts (PK) had EBITDA of $303.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Park Hotels & Resorts have?

As of fiscal year 2025, Park Hotels & Resorts (PK) had $232.0M in cash and equivalents against $3.9B in long-term debt.

What is Park Hotels & Resorts's operating margin?

Park Hotels & Resorts (PK) had an operating margin of -1.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Park Hotels & Resorts's net profit margin?

Park Hotels & Resorts (PK) had a net profit margin of -11.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Park Hotels & Resorts pay dividends?

Yes, Park Hotels & Resorts (PK) paid $1.00 per share in dividends during fiscal year 2025.

What is Park Hotels & Resorts's return on equity (ROE)?

Park Hotels & Resorts (PK) has a return on equity of -9.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Park Hotels & Resorts's free cash flow?

Park Hotels & Resorts (PK) generated $102.0M in free cash flow during fiscal year 2025. This represents a -49.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Park Hotels & Resorts's operating cash flow?

Park Hotels & Resorts (PK) generated $398.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Park Hotels & Resorts's total assets?

Park Hotels & Resorts (PK) had $7.7B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Park Hotels & Resorts's capital expenditures?

Park Hotels & Resorts (PK) invested $296.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Park Hotels & Resorts buy back shares?

Yes, Park Hotels & Resorts (PK) spent $45.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Park Hotels & Resorts have outstanding?

Park Hotels & Resorts (PK) had 201M shares outstanding as of fiscal year 2025.

What is Park Hotels & Resorts's debt-to-equity ratio?

Park Hotels & Resorts (PK) had a debt-to-equity ratio of 1.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Park Hotels & Resorts's return on assets (ROA)?

Park Hotels & Resorts (PK) had a return on assets of -3.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Park Hotels & Resorts's Piotroski F-Score?

Park Hotels & Resorts (PK) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Park Hotels & Resorts's earnings high quality?

Park Hotels & Resorts (PK) has an earnings quality ratio of -1.41x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Park Hotels & Resorts cover its interest payments?

Park Hotels & Resorts (PK) has an interest coverage ratio of -0.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Park Hotels & Resorts?

Park Hotels & Resorts (PK) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.