Host Hotels & Resorts (HST)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $15.8B, Host Hotels & Resorts's free cash flow of $1.2B (fiscal 2025) would need to grow about -1% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Host Hotels & Resorts's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from HST's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Host Hotels & Resorts's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.9B | $4.9B | $5.3B | $5.7B | $6.1B |
| Net income | -$11M | $633M | $740M | $697M | $765M |
| Free cash flow | -$1M | $1.1B | $1.2B | $1.2B | $1.2B |
| EPS (diluted) | -$0.02 | $0.88 | $1.04 | $0.99 | $1.10 |
| Operating margin | -8.7% | 15.8% | 15.6% | 15.4% | 14.0% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own HST
From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $316M | 0.11% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $64M | 0.15% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Trimmed | $11M | 0.02% | Q2 2026 |
Insider buying
Open-market purchases by Host Hotels & Resorts's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Jan 9, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $18.44 | — |
| Jan 9, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $18.44 | — |
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In the full deep dive
Questions
What growth does Host Hotels & Resorts's stock price imply?
At a market value of $15.8B, Host Hotels & Resorts would need its free cash flow to grow about -1% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 2% a year.
Are Host Hotels & Resorts insiders buying the stock?
2 open-market insider purchases of HST in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Host Hotels & Resorts?
3 of the superinvestors Investingly tracks hold HST in their latest 13F, including Cliff Asness, Joel Greenblatt, Ron Baron.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.