PK Real Estate

Park Hotels & Resorts Inc.

$16.72-0.71%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Real Estate
Industry: REIT - Hotel & Motel
Country: United States
Market cap: 3.4B USD
Enterprise value: 6.9B USD
Full-time employees: 90

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: growing more slowly than most peersgrowing more slowly than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.37 vs a peer median of 0.75), less short-term liquidity (current ratio 0.30 vs a peer median of 1.20) and more debt relative to equity (1.27× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.37 vs peers 0.75), less liquidity (current ratio 0.30 vs peers 1.20) and more debt vs equity (1.27× vs peers 0.80×)

Ranks #608 of 632 real estate companies (bottom 4%)

See how it ranks against its peers

Worth knowing

Returning more cash than it generates. Paid out $1.3B vs $522M of free cash flow over the 3 fiscal years to 2025.
Park Hotels & Resorts returned $1.3B to shareholders over three years, 246% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.
Earnings slid into a loss. Loss per share this year after a profit last year.
Park Hotels & Resorts made a loss per share in its latest year after a profit the year before.
Investment surge. Capital spending 12% of revenue, up from 6.7% in 2022.
Park Hotels & Resorts is spending 12% of revenue on facilities and equipment, up from 6.7% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.
Share count shrinking. Shares outstanding down 10% from December 2022 to July 2026.
Park Hotels & Resorts had 10% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

StockQuotient Score

17/ 100

Oct 5 17 → Nov 4 17

Valuation

Is the price right?

21/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ FCF yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-4.8%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.10Sector median: 0.0535 · MAD: 0.0484

EBITDA yield4.7%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.35Sector median: 0.0536 · MAD: 0.0204

Free cash flow yield2.4%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.92Sector median: 0.0650 · MAD: 0.0444

Other data (not scored)

Book yield91.8%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 1.1277 · MAD: 0.5490

Growth

Is it growing?

22/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ EPS growth
▼ 3-yr revenue
▼ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Earnings per share turned from a profit to a loss33% base weight · Z-score -2.05Sector median: 0.1117 · MAD: 0.3101

3-year revenue growth-1.9%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.76Sector median: 0.0378 · MAD: 0.0744

Revenue growth-1.4%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.47Sector median: 0.0297 · MAD: 0.0927

Profitability

Does it earn well?

12/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin2.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.10Sector median: 0.2683 · MAD: 0.2257

Return on assets-2.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -3.15Sector median: 0.0211 · MAD: 0.0134

Return on invested capital0.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.42Sector median: 0.0341 · MAD: 0.0197

Other data (not scored)

Gross margin30.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259

Return on equity-5.3%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.37

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.89Sector median: 0.7490 · MAD: 0.3270

Current ratio0.30×

Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score -1.25Sector median: 1.1950 · MAD: 0.7210

Debt / equity1.27×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.20Sector median: 0.8040 · MAD: 0.3893

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Park Hotels & Resorts

Is Park Hotels & Resorts getting weaker?: Its latest SEC filing (Aug 7, 2026) showed no major changes. Its overall score is unchanged at 17/100 since Oct 28, 2026.
How is Park Hotels & Resorts valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 21/100 against 762 real estate peers. Earnings yield -4.8% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -4.8% vs peers 5.3% (weaker than 100% of peers).
Is Park Hotels & Resorts growing?: More slowly than most of its peers. Growth scores 22/100 against 762 real estate peers. 3-year revenue growth -1.9% vs a peer median of 3.8% (weaker than 71% of peers).3-year revenue growth -1.9% vs peers 3.8% (weaker than 71% of peers).
How profitable is Park Hotels & Resorts?: Less profitable than most of its peers. Profitability scores 12/100 against 762 real estate peers. Return on assets -2.1% vs a peer median of 2.1% (weaker than 92% of peers).Return on assets -2.1% vs peers 2.1% (weaker than 92% of peers).
How risky is Park Hotels & Resorts?: Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Beta 1.37 vs a peer median of 0.75 (weaker than 89% of peers).Beta 1.37 vs peers 0.75 (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 7, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: Park Hotels & Resorts is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.5B USD	2.5B USD	+0.3%
Net income (12 months)	−215.0M USD	−163.0M USD	−24.2%
Operating margin	0.9%	2.0%	+1.2 pts
Free cash flow (12 months)	69.0M USD	81.0M USD	+17.4%
Debt	3.9B USD	3.9B USD	+2.0%
Cash	156.0M USD	264.0M USD	+69.2%
Shares outstanding	201.4M	201.3M	−0.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Real Estate · 124 companies

Valuations in Real Estate are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
15% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
Median price-to-sales is +112% vs the whole market, against a usual +154%.

2016Shaded: most expensive fifth of its range2026

Shown for Real Estate: too few REIT - Hotel & Motel companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	-13.1%	11.8%	12.7%	15.0%	-1.3%	▼ 16 pts
Net margin	-33.7%	6.5%	3.6%	8.2%	-11.1%	▼ 19 pts
Return on assets (ROA)	-4.7%	1.7%	1.0%	2.3%	-3.7%	▼ 6.0 pts
Return on equity (ROE)	-10.3%	3.7%	2.5%	5.8%	-9.0%	▼ 15 pts
Free cash flow margin	-14.0%	9.6%	8.1%	7.8%	4.0%	▼ 3.8 pts
Debt to equity	1.06×	1.07×	0.99×	1.06×	1.23×	▲ 16%
Interest coverage	-0.79×	1.36×	1.66×	1.83×	-0.16×	▼ 109%

PK price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: growing more slowly than most peersgrowing more slowly than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.37 vs a peer median of 0.75), less short-term liquidity (current ratio 0.30 vs a peer median of 1.20) and more debt relative to equity (1.27× vs a peer median of 0.80×)higher risk: bigger price swings (beta 1.37 vs peers 0.75), less liquidity (current ratio 0.30 vs peers 1.20) and more debt vs equity (1.27× vs peers 0.80×)

Ranks #608 of 632 real estate companies (bottom 4%)

See how it ranks against its peers

Worth knowing

Returning more cash than it generates. Paid out $1.3B vs $522M of free cash flow over the 3 fiscal years to 2025.

Park Hotels & Resorts returned $1.3B to shareholders over three years, 246% of the free cash flow it produced. That gap has to be covered by cash reserves or new debt, which can't last indefinitely.

Earnings slid into a loss. Loss per share this year after a profit last year.

Park Hotels & Resorts made a loss per share in its latest year after a profit the year before.

Investment surge. Capital spending 12% of revenue, up from 6.7% in 2022.

Park Hotels & Resorts is spending 12% of revenue on facilities and equipment, up from 6.7% in 2022. That weighs on free cash flow today; whether it pays off depends on the returns those investments earn.

Share count shrinking. Shares outstanding down 10% from December 2022 to July 2026.

Park Hotels & Resorts had 10% fewer shares at July 2026 than at December 2022, mainly through buybacks, so each remaining share owns a larger slice of the business.

Questions investors ask about Park Hotels & Resorts

Is Park Hotels & Resorts getting weaker?

Its latest SEC filing (Aug 7, 2026) showed no major changes. Its overall score is unchanged at 17/100 since Oct 28, 2026.

How is Park Hotels & Resorts valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 21/100 against 762 real estate peers. Earnings yield -4.8% vs a peer median of 5.3% (weaker than 100% of peers).Earnings yield -4.8% vs peers 5.3% (weaker than 100% of peers).

Is Park Hotels & Resorts growing?

More slowly than most of its peers. Growth scores 22/100 against 762 real estate peers. 3-year revenue growth -1.9% vs a peer median of 3.8% (weaker than 71% of peers).3-year revenue growth -1.9% vs peers 3.8% (weaker than 71% of peers).

How profitable is Park Hotels & Resorts?

Less profitable than most of its peers. Profitability scores 12/100 against 762 real estate peers. Return on assets -2.1% vs a peer median of 2.1% (weaker than 92% of peers).Return on assets -2.1% vs peers 2.1% (weaker than 92% of peers).

How risky is Park Hotels & Resorts?

Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Beta 1.37 vs a peer median of 0.75 (weaker than 89% of peers).Beta 1.37 vs peers 0.75 (weaker than 89% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.5B USD

2.5B USD

+0.3%

Net income (12 months)

−215.0M USD

−163.0M USD

−24.2%

Operating margin

0.9%

2.0%

+1.2 pts

Free cash flow (12 months)

69.0M USD

81.0M USD

+17.4%

Debt

3.9B USD

3.9B USD

+2.0%

Cash

156.0M USD

264.0M USD

+69.2%

Shares outstanding

201.4M

201.3M

−0.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

-13.1%

11.8%

12.7%

15.0%

-1.3%

▼ 16 pts

Net margin

-33.7%

6.5%

3.6%

8.2%

-11.1%

▼ 19 pts

Return on assets (ROA)

-4.7%

1.7%

1.0%

2.3%

-3.7%

▼ 6.0 pts

Return on equity (ROE)

-10.3%

3.7%

2.5%

5.8%

-9.0%

▼ 15 pts

Free cash flow margin

-14.0%

9.6%

8.1%

7.8%

4.0%

▼ 3.8 pts

Debt to equity

1.06×

1.07×

0.99×

1.06×

1.23×

▲ 16%

Interest coverage

-0.79×

1.36×

1.66×

1.83×

-0.16×

▼ 109%