PK vs SVC: Park Hotels & Resorts and Service Properties Trust compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Service Properties Trust is the larger company, worth $5.0B, about 1.6 times Park Hotels & Resorts.
- Park Hotels & Resorts grew revenue faster over the last year (+1.2% vs -20.9%).
- Park Hotels & Resorts keeps more of each dollar of revenue as operating profit (2.0% vs -37.3%).
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 | SVC |
|---|---|---|
| Market cap | $3.1B | $5.0B |
| Share price | $15.17 | $7.15 |
| Revenue (last fiscal year) | $2.5B | $1.4B |
| Free cash flow (last fiscal year) | $102M | -$107M |
| Revenue growth, last year | +1.2% | -20.9% |
| Revenue growth per year, last 5 fiscal years | +16.9% | +6.4% |
| Operating margin | 2.0% | -37.3% |
| Net margin | -6.4% | -33.6% |
| Return on equity | -5.3% | -52.4% |
| P/E (trailing) | — | — |
| Price / free cash flow | 30.8x | 42.1x |
| EV / EBITDA | 20.8x | 37.3x |
| FCF growth the price implies | 10.6% | — |
| Dividend yield | 6.5% | 0.56% |
| Debt / equity | 1.51x | 6.24x |
| Fundamental grade | F | F |
| Superinvestors holding it | 4 | 0 |
| Insider purchases, last 12 months | 1 | 5 |
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% |
Service Properties Trust
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.1B | -$45M | -54.7% |
| 2022 | $1.5B | $139M | -15.8% |
| 2023 | $1.5B | $285M | -13.6% |
| 2024 | $1.5B | -$164M | -18.2% |
| 2025 | $1.4B | -$107M | -20.3% |
Where the revenue comes from
Park Hotels & Resorts · by segments, 2023
Total consolidated hotel revenues$2.6B97%
Other revenues$85M3%
Service Properties Trust · by segments, 2025
Hotels$1.4B78%
Net Lease$401M22%
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 Service Properties Trust?
Service Properties Trust (SVC), at $5.0B against $3.1B.
Which grows faster, PK or SVC?
Park Hotels & Resorts: revenue grew +1.2% over the last year, against -20.9%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.