HST vs PK: Host Hotels & Resorts and Park Hotels & Resorts compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Host Hotels & Resorts is the larger company, worth $15.9B, about 5.1 times Park Hotels & Resorts.
- Host Hotels & Resorts grew revenue faster over the last year (+3.4% vs +1.2%).
- Host Hotels & Resorts keeps more of each dollar of revenue as operating profit (14.6% vs 2.0%).
- Park Hotels & Resorts's price assumes faster free cash flow growth: about 11% a year, against -1% for Host Hotels & Resorts (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | HST | PK |
|---|---|---|
| Market cap | $15.9B | $3.1B |
| Share price | $22.65 | $15.17 |
| Revenue (last fiscal year) | $6.1B | $2.5B |
| Free cash flow (last fiscal year) | $1.2B | $102M |
| Revenue growth, last year | +3.4% | +1.2% |
| Revenue growth per year, last 5 fiscal years | +20.6% | +16.9% |
| Operating margin | 14.6% | 2.0% |
| Net margin | 16.5% | -6.4% |
| Return on equity | 16.1% | -5.3% |
| P/E (trailing) | 15.6x | — |
| Price / free cash flow | 18.5x | 30.8x |
| EV / EBITDA | 9.14x | 20.8x |
| FCF growth the price implies | -0.73% | 10.6% |
| Dividend yield | 3.5% | 6.5% |
| Debt / equity | 1.04x | 1.51x |
| Fundamental grade | C | F |
| Superinvestors holding it | 3 | 4 |
| Insider purchases, last 12 months | 2 | 1 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Host Hotels & Resorts
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $2.9B | -$1M | -8.7% |
| 2022 | $4.9B | $1.1B | 15.8% |
| 2023 | $5.3B | $1.2B | 15.6% |
| 2024 | $5.7B | $1.2B | 15.4% |
| 2025 | $6.1B | $1.2B | 14.0% |
Park Hotels & Resorts
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.4B | -$191M | -13.1% |
| 2022 | $2.5B | $241M | 11.8% |
| 2023 | $2.7B | $218M | 12.7% |
| 2024 | $2.6B | $202M | 15.0% |
| 2025 | $2.5B | $102M | -1.3% |
Where the revenue comes from
Host Hotels & Resorts · by products, 2025
Rooms$3.6B59%
Food and beverage$1.8B29%
Other$604M10%
Condominium sales$99M2%
Park Hotels & Resorts · by segments, 2023
Total consolidated hotel revenues$2.6B97%
Other revenues$85M3%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open HST in InvestinglyQuestions
Which is bigger, Host Hotels & Resorts or Park Hotels & Resorts?
Host Hotels & Resorts (HST), at $15.9B against $3.1B.
Which grows faster, HST or PK?
Host Hotels & Resorts: revenue grew +3.4% over the last year, against +1.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.