Summit Hotel Properties (INN) financial statements
Summit Hotel Properties reported revenue of $729M in fiscal 2025, up 4.9% a year over 9 years.
Net income was -$12M and the operating margin 9.0%, against 27.9% in 2016.
Free cash flow was $74M, and the company returned $39M in dividends and $15M in net buybacks.
The diluted share count rose 22% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Summit Hotel Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $474M | $515M | $567M | $549M | $234M | $362M | $676M | $736M | $732M | $729M |
| Cost of revenue | $296M | $326M | — | — | — | — | — | — | — | — |
| Gross profit | $178M | $190M | — | — | — | — | — | — | — | — |
| Selling, general and admin | $19M | $20M | $22M | $24M | $21M | $29M | $31M | $33M | $32M | $33M |
| Operating income | $132M | $127M | $125M | $119M | -$109M | -$33M | $68M | $59M | $103M | $66M |
| Interest expense | $28M | $30M | $42M | $41M | $43M | $43M | $66M | $87M | $83M | $81M |
| Pre-tax income | $107M | $101M | $90M | $84M | -$148M | -$67M | $5M | -$25M | $30M | -$11M |
| Income tax | -$1M | $2M | -$922,000 | $2M | $1M | $1M | $4M | $3M | -$9M | $842,000 |
| Net income | $108M | $99M | $91M | $83M | -$143M | -$66M | -$17M | -$28M | $39M | -$12M |
| EPS (diluted) | $1.00 | $0.79 | $0.68 | $0.65 | -$1.52 | -$0.80 | -$0.16 | -$0.27 | $0.22 | -$0.22 |
| Diluted shares | 87M | 100M | 104M | 104M | 104M | 104M | 105M | 106M | 132M | 107M |
| Gross margin | 37.6% | 36.8% | — | — | — | — | — | — | — | — |
| Operating margin | 27.9% | 24.7% | 22.1% | 21.7% | -46.7% | -9.2% | 10.0% | 8.0% | 14.1% | 9.0% |
| Net margin | 22.7% | 19.3% | 16.0% | 15.0% | -61.1% | -18.1% | -2.5% | -3.8% | 5.3% | -1.6% |
Balance sheet
Fiscal years, from Summit Hotel Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $35M | $37M | $44M | $42M | $21M | $64M | $51M | $38M | $41M | $36M |
| Total assets | $1.7B | $2.2B | $2.2B | $2.4B | $2.2B | $2.3B | $3.0B | $2.9B | $2.9B | $2.8B |
| Total liabilities | $705M | $932M | $1.0B | $1.1B | $1.2B | $1.2B | $1.6B | $1.5B | $1.5B | $1.5B |
| Shareholders' equity | $1.0B | $1.3B | $1.2B | $1.2B | $989M | $948M | $960M | $911M | $910M | $862M |
| Net debt | -$35M | -$37M | -$44M | -$42M | -$21M | -$64M | -$51M | -$38M | -$41M | -$36M |
Cash flow
Fiscal years, from Summit Hotel Properties's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $137M | $148M | $162M | $148M | -$42M | $66M | $170M | $154M | $166M | $149M |
| Capital spending | $42M | $37M | $67M | $59M | $23M | $20M | $76M | $90M | $89M | $75M |
| Free cash flow | $94M | $111M | $95M | $89M | -$65M | $46M | $93M | $64M | $77M | $74M |
| Stock-based compensation | $4M | $6M | $7M | $6M | $6M | $11M | $8M | $8M | $8M | $9M |
| Dividends paid | — | — | — | — | $19M | $0 | $10M | $27M | $37M | $39M |
| Share buybacks (net) | — | — | — | — | — | — | — | $0 | $0 | -$15M |
| Net borrowing | -$20M | $216M | $92M | $58M | $79M | $165M | $25M | $73M | $20M | -$23M |
| Free cash flow margin | 19.9% | 21.5% | 16.8% | 16.2% | -27.6% | 12.6% | 13.8% | 8.7% | 10.5% | 10.1% |
| Dividends per share | — | — | — | — | $0.18 | — | $0.10 | $0.26 | $0.28 | $0.36 |
Questions
What was Summit Hotel Properties's revenue in 2025?
$729M in fiscal 2025, from its 10-K filing.
How much free cash flow does Summit Hotel Properties generate?
$74M in fiscal 2025 (operating cash flow minus capital spending).
From Summit Hotel Properties's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.