HST vs SHO: Host Hotels & Resorts and Sunstone Hotel Investors 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 7.2 times Sunstone Hotel Investors.
- Sunstone Hotel Investors grew revenue faster over the last year (+6.7% vs +3.4%).
- On earnings, Host Hotels & Resorts is the cheaper stock (15.6x vs 107.5x).
- Sunstone Hotel Investors's price assumes faster free cash flow growth: about 9% 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 | SHO |
|---|---|---|
| Market cap | $15.9B | $2.2B |
| Share price | $22.65 | $11.31 |
| Revenue (last fiscal year) | $6.1B | $960M |
| Free cash flow (last fiscal year) | $1.2B | $79M |
| Revenue growth, last year | +3.4% | +6.7% |
| Revenue growth per year, last 5 fiscal years | +20.6% | +17.2% |
| Operating margin | 14.6% | — |
| Net margin | 16.5% | 5.3% |
| Return on equity | 16.1% | 2.8% |
| P/E (trailing) | 15.6x | 107.5x |
| Price / free cash flow | 18.5x | 28.0x |
| EV / EBITDA | 9.14x | 13.7x |
| FCF growth the price implies | -0.73% | 9.4% |
| Dividend yield | 3.5% | 3.1% |
| Debt / equity | 1.04x | 0.61x |
| Fundamental grade | C | D |
| Superinvestors holding it | 3 | 1 |
| Insider purchases, last 12 months | 2 | 0 |
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% |
Sunstone Hotel Investors
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $509M | -$35M | — |
| 2022 | $912M | $81M | — |
| 2023 | $986M | $88M | — |
| 2024 | $906M | $13M | — |
| 2025 | $960M | $79M | — |
Where the revenue comes from
Host Hotels & Resorts · by products, 2025
Rooms$3.6B59%
Food and beverage$1.8B29%
Other$604M10%
Condominium sales$99M2%
Sunstone Hotel Investors · by products, 2025
Room$583M61%
Food and beverage$279M29%
Other operating$99M10%
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 Sunstone Hotel Investors?
Host Hotels & Resorts (HST), at $15.9B against $2.2B.
Is HST or SHO cheaper?
By trailing P/E, Host Hotels & Resorts (15.6x) is cheaper than Sunstone Hotel Investors (107.5x). A lower multiple can also mean the market expects less growth.
Which grows faster, HST or SHO?
Sunstone Hotel Investors: revenue grew +6.7% over the last year, against +3.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.