Park Hotels & Resorts (PK) financial statements
Park Hotels & Resorts reported revenue of $2.5B in fiscal 2025, down 0.8% a year over 9 years.
Net income was -$283M and the operating margin -1.3%, against 15.4% in 2016.
Free cash flow was $102M, and the company returned $280M in dividends and $45M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Park Hotels & Resorts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7B | $2.8B | $2.7B | $2.8B | $852M | $1.4B | $2.5B | $2.7B | $2.6B | $2.5B |
| Selling, general and admin | $127M | $123M | $118M | $115M | $78M | $88M | $108M | $112M | $114M | $113M |
| Operating income | $419M | $371M | $504M | $426M | -$1.2B | -$179M | $296M | $343M | $391M | -$33M |
| Interest expense | $181M | $124M | $127M | $140M | $213M | $228M | $217M | $207M | $214M | $209M |
| Pre-tax income | $221M | $285M | $500M | $351M | -$1.4B | -$450M | $173M | $144M | $165M | -$270M |
| Income tax | $82M | -$2.3B | $23M | $35M | -$6M | $2M | $0 | $38M | -$61M | $7M |
| Net income | $133M | $2.6B | $472M | $306M | -$1.4B | -$459M | $162M | $97M | $212M | -$283M |
| EPS (diluted) | $0.67 | $12.21 | $2.31 | $1.44 | -$6.11 | -$1.95 | $0.71 | $0.44 | $1.01 | -$1.43 |
| Diluted shares | 198M | 214M | 204M | 213M | 236M | 236M | 228M | 215M | 209M | 199M |
| Operating margin | 15.4% | 13.3% | 18.4% | 15.0% | -141.1% | -13.1% | 11.8% | 12.7% | 15.0% | -1.3% |
| Net margin | 4.9% | 94.1% | 17.2% | 10.8% | -169.0% | -33.7% | 6.5% | 3.6% | 8.2% | -11.1% |
Balance sheet
Fiscal years, from Park Hotels & Resorts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $337M | $364M | $410M | $346M | $951M | $688M | $906M | $717M | $402M | $232M |
| Property, plant and equipment | $8.5B | $8.3B | $8.0B | $9.6B | $9.2B | $8.5B | $8.3B | $7.5B | $7.4B | $7.0B |
| Goodwill | $604M | $606M | $607M | $607M | — | — | — | — | — | — |
| Total assets | $9.8B | $9.7B | $9.4B | $11.3B | $10.6B | $9.7B | $9.7B | $9.4B | $9.2B | $7.7B |
| Total liabilities | $6.0B | $3.8B | $3.8B | $4.8B | $5.7B | $5.3B | $5.4B | $5.7B | $5.6B | $4.6B |
| Shareholders' equity | $3.9B | $6.0B | $5.6B | $6.5B | $4.9B | $4.5B | $4.3B | $3.8B | $3.6B | $3.1B |
| Net debt | -$337M | -$364M | -$410M | -$346M | -$951M | -$688M | -$906M | -$717M | -$402M | -$232M |
Cash flow
Fiscal years, from Park Hotels & Resorts's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $399M | $653M | $444M | $499M | -$438M | -$137M | $409M | $503M | $429M | $398M |
| Capital spending | $227M | $185M | $178M | $240M | $86M | $54M | $168M | $285M | $227M | $296M |
| Free cash flow | $172M | $468M | $266M | $259M | -$524M | -$191M | $241M | $218M | $202M | $102M |
| Stock-based compensation | — | $14M | $16M | $16M | $20M | $19M | $17M | $18M | $19M | $19M |
| Dividends paid | $180M | $386M | $464M | $494M | $241M | $0 | $7M | $152M | $512M | $280M |
| Share buybacks (net) | — | — | -$348M | $0 | -$66M | $0 | -$227M | -$180M | -$116M | -$45M |
| Net borrowing | — | — | — | $0 | -$6M | -$6M | -$34M | -$83M | -$22M | -$9M |
| Free cash flow margin | 6.3% | 16.8% | 9.7% | 9.1% | -61.5% | -14.0% | 9.6% | 8.1% | 7.8% | 4.0% |
| Dividends per share | $0.91 | $1.80 | $2.27 | $2.32 | $1.02 | — | $0.03 | $0.71 | $2.45 | $1.41 |
Questions
What was Park Hotels & Resorts's revenue in 2025?
$2.5B in fiscal 2025, from its 10-K filing.
How much free cash flow does Park Hotels & Resorts generate?
$102M in fiscal 2025 (operating cash flow minus capital spending).
From Park Hotels & Resorts's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.