Sunstone Hotel Inv Financials

SHO

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Sunstone Hotel Inv (SHO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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

Piotroski F-Score Neutral

4/9

Sunstone Hotel Inv passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.94x

For every $1 of reported earnings, Sunstone Hotel Inv generates $3.94 in operating cash flow ($170.4M OCF vs $43.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$905.8M

YoY-8.2%

5Y CAGR-4.1%

Sunstone Hotel Inv generated $905.8M in revenue in fiscal year 2024. This represents a decrease of 8.2% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$43.3M

YoY-79.1%

5Y CAGR-21.2%

10Y CAGR-6.8%

Sunstone Hotel Inv reported $43.3M in net income in fiscal year 2024. This represents a decrease of 79.1% from the prior year.

EPS (Diluted)

$0.14

YoY-84.9%

Sunstone Hotel Inv earned $0.14 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 84.9% from the prior year.

Cash & Debt

$107.2M

YoY-74.9%

5Y CAGR-33.4%

10Y CAGR-7.0%

Sunstone Hotel Inv held $107.2M in cash against $841.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.34

YoY+13.3%

5Y CAGR-14.4%

10Y CAGR-4.0%

Sunstone Hotel Inv paid $0.34 per share in dividends in fiscal year 2024. This represents an increase of 13.3% from the prior year.

Shares Outstanding

201M

YoY-1.2%

5Y CAGR-2.2%

10Y CAGR-0.4%

Sunstone Hotel Inv had 201M shares outstanding in fiscal year 2024. This represents a decrease of 1.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

4.8%

YoY-16.2pp

5Y CAGR-8.0pp

Sunstone Hotel Inv's net profit margin was 4.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 16.2 percentage points from the prior year.

Return on Equity

2.1%

YoY-7.5pp

5Y CAGR-3.5pp

10Y CAGR-1.9pp

Sunstone Hotel Inv's ROE was 2.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 7.5 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$27.2M

YoY-51.7%

5Y CAGR-11.5%

Sunstone Hotel Inv spent $27.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 51.7% from the prior year.

Capital Expenditures

N/A

SHO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$905.8M-8.2%	$986.5M+8.2%	$912.1M+79.1%	$509.1M+90.0%	$267.9M-76.0%	$1.1B
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	$29.1M-7.5%	$31.4M-10.9%	$35.2M-12.5%	$40.3M+43.1%	$28.1M-7.0%	$30.3M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$50.1M-3.0%	$51.7M+61.5%	$32.0M+3.6%	$30.9M-42.0%	$53.3M-1.7%	$54.2M
Income Tax	-$1.1M-124.1%	$4.6M+1170.8%	$359K+229.4%	$109K-98.3%	$6.6M+4464.2%	-$151K
Net Income	$43.3M-79.1%	$206.7M+127.7%	$90.8M+175.1%	$33.0M+108.0%	-$410.5M-387.5%	$142.8M
EPS (Diluted)	$0.14-84.9%	$0.93+173.5%	$0.34+466.7%	$0.06+103.1%	$-1.93	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$229.3M-11.7%	$259.8M+11.0%	$234.1M+9.0%	$214.8M-13.2%	$247.5M+14.0%	$217.2M-0.9%	$219.2M-11.5%	$247.7M
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	$7.0M-16.5%	$8.3M-6.3%	$8.9M+53.9%	$5.8M-29.2%	$8.2M+8.6%	$7.5M+1.3%	$7.4M+4.1%	$7.1M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$13.4M+1.9%	$13.2M+3.8%	$12.7M+21.5%	$10.4M-17.7%	$12.7M+15.3%	$11.0M-34.3%	$16.8M+41.0%	$11.9M
Income Tax	N/A	N/A	N/A	N/A	$255K+129.8%	-$855K-130.5%	$2.8M+365.0%	$602K
Net Income	$1.3M-87.7%	$10.8M+105.0%	$5.3M+528.6%	$836K-96.8%	$26.1M+100.6%	$13.0M-89.7%	$127.0M+716.2%	$15.6M
EPS (Diluted)	$-0.02-166.7%	$0.03+200.0%	$0.01+150.0%	$-0.02-118.2%	$0.11+120.0%	$0.05-91.7%	$0.60+900.0%	$0.06

SHO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$3.1B-1.4%	$3.1B+2.2%	$3.1B+1.4%	$3.0B+1.9%	$3.0B-23.8%	$3.9B
Current Assets	N/A	N/A	$214.0M-24.2%	$282.1M-35.2%	$435.1M-52.4%	$913.7M
Cash & Equivalents	$107.2M-74.9%	$426.4M+321.3%	$101.2M-16.0%	$120.5M-67.3%	$368.4M-54.9%	$816.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$34.1M+9.3%	$31.2M-25.9%	$42.1M+46.5%	$28.7M+235.4%	$8.6M-75.7%	$35.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.0B+2.0%	$982.7M-1.5%	$997.9M+24.5%	$801.3M-10.6%	$896.3M-30.9%	$1.3B
Current Liabilities	N/A	N/A	$380.9M+116.7%	$175.8M+93.6%	$90.8M-72.1%	$325.6M
Long-Term Debt	$841.0M+3.3%	$814.6M+37.9%	$590.7M+0.3%	$588.7M-20.7%	$742.5M-16.5%	$889.0M
Total Equity	$2.1B-2.9%	$2.2B+3.9%	$2.1B-5.2%	$2.2B+7.3%	$2.0B-20.4%	$2.6B
Retained Earnings	N/A	N/A	$1.0B+9.2%	$948.1M+3.8%	$913.8M-30.7%	$1.3B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$3.0B+1.3%	$3.0B-2.8%	$3.1B-0.3%	$3.1B-1.4%	$3.1B+0.2%	$3.1B-0.2%	$3.1B+2.0%	$3.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$121.1M+64.7%	$73.6M+1.7%	$72.3M-32.5%	$107.2M-32.6%	$159.2M-60.3%	$400.7M-6.0%	$426.4M+274.8%	$113.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$29.4M-31.2%	$42.8M-15.1%	$50.4M+47.7%	$34.1M-9.7%	$37.8M+3.0%	$36.7M+17.6%	$31.2M+8.9%	$28.6M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.1B+5.7%	$1.0B+1.2%	$1.0B+1.7%	$1.0B+1.8%	$984.8M+0.4%	$980.8M-0.2%	$982.7M-1.8%	$1.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$917.5M+5.6%	$868.7M+3.2%	$841.6M+0.1%	$841.0M+3.3%	$814.3M0.0%	$814.4M0.0%	$814.6M	N/A
Total Equity	$2.0B-1.0%	$2.0B-4.7%	$2.1B-1.3%	$2.1B-2.8%	$2.2B+0.2%	$2.2B-0.2%	$2.2B+3.8%	$2.1B
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SHO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$170.4M-14.0%	$198.1M-5.4%	$209.4M+638.0%	$28.4M+124.3%	-$116.7M-140.1%	$290.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$386.3M-249.7%	$258.1M+255.7%	-$165.7M+30.9%	-$239.7M-310.6%	$113.8M+341.3%	-$47.1M
Financing Cash Flow	-$97.5M+18.5%	-$119.7M-143.5%	-$49.2M-16.8%	-$42.1M+90.6%	-$445.9M-84.9%	-$241.2M
Dividends Paid	$91.0M+52.1%	$59.8M+141.0%	$24.8M+81.3%	$13.7M-91.2%	$156.3M-8.2%	$170.2M
Share Buybacks	$27.2M-51.7%	$56.4M-48.0%	$108.4M	N/A	$103.9M+107.4%	$50.1M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$54.4M-7.4%	$58.7M+83.4%	$32.0M+5.0%	$30.5M-44.3%	$54.8M+42.4%	$38.5M+30.9%	$29.4M-52.4%	$61.8M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$18.1M+46.2%	-$33.7M-219.9%	$28.1M+159.8%	-$47.0M+85.6%	-$325.5M-1276.7%	$27.7M-91.3%	$318.3M+2992.9%	-$11.0M
Financing Cash Flow	$16.4M+119.3%	-$85.1M-140.5%	-$35.4M-933.9%	$4.2M+119.7%	-$21.6M+35.6%	-$33.5M+14.0%	-$39.0M-33.2%	-$29.3M
Dividends Paid	$21.8M+2.7%	$21.2M-8.2%	$23.1M+8.6%	$21.3M+21.9%	$17.4M-41.4%	$29.8M+69.3%	$17.6M+19.5%	$14.7M
Share Buybacks	$2.3M-97.5%	$90.5M+1028.4%	$8.0M+749.2%	$944K	N/A	N/A	$20.9M+48.7%	$14.0M

SHO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	4.8%-16.2pp	20.9%+11.0pp	10.0%+3.5pp	6.5%+159.7pp	-153.2%-166.0pp	12.8%
Return on Equity	2.1%-7.5pp	9.5%+5.2pp	4.3%+2.8pp	1.5%	N/A	5.5%
Return on Assets	1.4%-5.2pp	6.6%+3.6pp	2.9%+1.9pp	1.1%+14.8pp	-13.8%-17.4pp	3.6%
Current Ratio	N/A	N/A	0.56-1.0	1.60-3.2	4.79+2.0	2.81
Debt-to-Equity	0.40+0.0	0.38+0.1	0.28+0.0	0.27-0.1	0.36+0.0	0.35
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	0.6%-3.6pp	4.2%+1.9pp	2.3%+1.9pp	0.4%-10.2pp	10.6%+4.6pp	6.0%-51.9pp	57.9%+51.6pp	6.3%
Return on Equity	0.1%-0.5pp	0.5%+0.3pp	0.3%+0.2pp	0.0%-1.2pp	1.2%+0.6pp	0.6%-5.3pp	5.9%+5.1pp	0.8%
Return on Assets	0.0%-0.3pp	0.4%+0.2pp	0.2%+0.1pp	0.0%-0.8pp	0.8%+0.4pp	0.4%-3.6pp	4.0%+3.5pp	0.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.47+0.0	0.44+0.0	0.410.0	0.40+0.0	0.380.0	0.380.0	0.38-0.1	0.48
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Sunstone Hotel Inv's annual revenue?

Sunstone Hotel Inv (SHO) reported $905.8M in total revenue for fiscal year 2024. This represents a -8.2% 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 Sunstone Hotel Inv's revenue growing?

Sunstone Hotel Inv (SHO) revenue declined by 8.2% year-over-year, from $986.5M to $905.8M in fiscal year 2024.

Is Sunstone Hotel Inv profitable?

Yes, Sunstone Hotel Inv (SHO) reported a net income of $43.3M in fiscal year 2024, with a net profit margin of 4.8%.

What is Sunstone Hotel Inv's earnings per share (EPS)?

Sunstone Hotel Inv (SHO) reported diluted earnings per share of $0.14 for fiscal year 2024. This represents a -84.9% 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.

How much debt does Sunstone Hotel Inv have?

As of fiscal year 2024, Sunstone Hotel Inv (SHO) had $107.2M in cash and equivalents against $841.0M in long-term debt.

What is Sunstone Hotel Inv's net profit margin?

Sunstone Hotel Inv (SHO) had a net profit margin of 4.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Sunstone Hotel Inv pay dividends?

Yes, Sunstone Hotel Inv (SHO) paid $0.34 per share in dividends during fiscal year 2024.

What is Sunstone Hotel Inv's return on equity (ROE)?

Sunstone Hotel Inv (SHO) has a return on equity of 2.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Sunstone Hotel Inv's operating cash flow?

Sunstone Hotel Inv (SHO) generated $170.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Sunstone Hotel Inv's total assets?

Sunstone Hotel Inv (SHO) had $3.1B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Sunstone Hotel Inv buy back shares?

Yes, Sunstone Hotel Inv (SHO) spent $27.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Sunstone Hotel Inv have outstanding?

Sunstone Hotel Inv (SHO) had 201M shares outstanding as of fiscal year 2024.

What is Sunstone Hotel Inv's debt-to-equity ratio?

Sunstone Hotel Inv (SHO) had a debt-to-equity ratio of 0.40 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Sunstone Hotel Inv's return on assets (ROA)?

Sunstone Hotel Inv (SHO) had a return on assets of 1.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Sunstone Hotel Inv's Piotroski F-Score?

Sunstone Hotel Inv (SHO) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Sunstone Hotel Inv's earnings high quality?

Sunstone Hotel Inv (SHO) has an earnings quality ratio of 3.94x, considered cash-backed (high 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.