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) Data as of Mar 31, 2026 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).

Rhea AI PK FY2025 2026-05-01

Park Hotels & Resorts runs an asset-heavy, debt-carried model where cash generation can outlast sharp swings in reported earnings.

Operating margin moved from 15.0% to -1.3%, showing this cost structure has limited room for even a small revenue wobble. Even so, operating cash flow remained $398M while interest expense still took $209M, so cash survives depreciation better than earnings do, but debt service still absorbs much of that cushion.

Over the last two years, dividends and buybacks ran ahead of free cash flow, which helps explain why cash shrank from $717M to $232M even though the business stayed cash-generative. That points to cash uses, not just weaker operations, as the reason liquidity feels tighter.

Debt-to-equity rose from 1.1x to 1.2x as equity narrowed, not because borrowings materially increased. That distinction matters: the balance sheet tightened through a smaller equity cushion, which makes earnings volatility hit leverage faster.

Financial Health Signals

Financial Health Score 12/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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.

FFO Margin

FFO Growth

Leverage

Interest Cov.

AFFO Margin

Dividend Cov.

Piotroski F-Score Partial

4/7

Park Hotels & Resorts passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$622.0M-1.1%	$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
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	$18.0M0.0%	$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
Operating Income	$62.0M+137.8%	-$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
Interest Expense	$51.0M0.0%	$51.0M-3.8%	$53.0M0.0%	$53.0M+1.9%	$52.0M-1.9%	$53.0M-1.9%	$54.0M0.0%	$54.0M
Income Tax	$1.0M+200.0%	-$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
Net Income	$11.0M+105.4%	-$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
EPS (Diluted)	$0.05	N/A	$-0.08-300.0%	$-0.02+93.1%	$-0.29	N/A	$0.26-13.3%	$0.30

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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$7.7B-0.5%	$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
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$156.0M-32.8%	$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
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$142.0M+22.4%	$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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.6B0.0%	$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
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-0.1%	$3.9B-0.4%	$3.9B-0.1%	$3.9B
Total Equity	$3.1B-1.4%	$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
Retained Earnings	-$937.0M-3.9%	-$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

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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$59.0M-43.8%	$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
Capital Expenditures	$83.0M-23.1%	$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
Free Cash Flow	-$24.0M-700.0%	-$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
Investing Cash Flow	-$72.0M+25.0%	-$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
Financing Cash Flow	-$61.0M-13.0%	-$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
Dividends Paid	$50.0M0.0%	$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
Share Buybacks	$0	$0	$0	$0-100.0%	$45.0M-19.6%	$56.0M+60.0%	$35.0M+40.0%	$25.0M

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	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	10.0%+36.0pp	-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%
Net Margin	1.8%+34.4pp	-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%
Return on Equity	0.4%+6.9pp	-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%
Return on Assets	0.1%+2.8pp	-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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.25+0.0	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
FCF Margin	-3.9%-3.4pp	-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%

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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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 12 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.