PK vs SHO: Park 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.
- Park Hotels & Resorts is the larger company, worth $3.1B, about 1.4 times Sunstone Hotel Investors.
- Sunstone Hotel Investors grew revenue faster over the last year (+6.7% vs +1.2%).
- Park Hotels & Resorts's price assumes faster free cash flow growth: about 11% a year, against 9% for Sunstone Hotel Investors (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 | PK | SHO |
|---|---|---|
| Market cap | $3.1B | $2.2B |
| Share price | $15.17 | $11.31 |
| Revenue (last fiscal year) | $2.5B | $960M |
| Free cash flow (last fiscal year) | $102M | $79M |
| Revenue growth, last year | +1.2% | +6.7% |
| Revenue growth per year, last 5 fiscal years | +16.9% | +17.2% |
| Operating margin | 2.0% | — |
| Net margin | -6.4% | 5.3% |
| Return on equity | -5.3% | 2.8% |
| P/E (trailing) | — | 107.5x |
| Price / free cash flow | 30.8x | 28.0x |
| EV / EBITDA | 20.8x | 13.7x |
| FCF growth the price implies | 10.6% | 9.4% |
| Dividend yield | 6.5% | 3.1% |
| Debt / equity | 1.51x | 0.61x |
| Fundamental grade | F | D |
| Superinvestors holding it | 4 | 1 |
| Insider purchases, last 12 months | 1 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
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% |
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
Park Hotels & Resorts · by segments, 2023
Total consolidated hotel revenues$2.6B97%
Other revenues$85M3%
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 PK in InvestinglyQuestions
Which is bigger, Park Hotels & Resorts or Sunstone Hotel Investors?
Park Hotels & Resorts (PK), at $3.1B against $2.2B.
Which grows faster, PK or SHO?
Sunstone Hotel Investors: revenue grew +6.7% 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.