Service Properties Trust (SVC) financial statements
Service Properties Trust reported revenue of $1.4B in fiscal 2025, down 4.0% a year over 9 years.
Net income was -$202M and the operating margin -20.3%, against 18.9% in 2016.
Free cash flow was -$107M, and the company returned $7M in dividends and $660,000 in net buybacks.
The diluted share count rose 6% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Service Properties Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0B | $2.2B | $2.0B | $2.0B | $875M | $1.1B | $1.5B | $1.5B | $1.5B | $1.4B |
| Cost of revenue | $1.2B | $1.3B | $1.4B | $1.4B | $683M | $1.0B | $1.2B | $1.2B | $1.3B | $1.2B |
| Gross profit | $845M | $897M | $572M | $578M | $192M | $94M | $240M | $254M | $223M | $187M |
| Selling, general and admin | $99M | $125M | $105M | $55M | $51M | $53M | $44M | $45M | $40M | $41M |
| Operating income | $387M | $380M | $58M | $46M | -$443M | -$605M | -$232M | -$201M | -$272M | -$287M |
| Interest expense | $162M | $182M | $195M | $225M | $306M | $366M | $342M | $336M | $384M | $414M |
| Pre-tax income | $227M | $211M | $186M | $262M | -$284M | -$545M | -$135M | -$30M | -$262M | -$209M |
| Income tax | $4M | -$3M | $1M | $3M | $17M | -$941,000 | -$199,000 | -$1M | $1M | -$11M |
| Net income | $223M | $215M | $186M | $260M | -$311M | -$545M | -$132M | -$33M | -$276M | -$202M |
| EPS (diluted) | $6.50 | $6.20 | $5.65 | $7.90 | -$9.45 | -$16.55 | -$4.00 | -$1.00 | -$8.35 | -$6.10 |
| Diluted shares | 31M | 33M | 33M | 33M | 33M | 33M | 33M | 33M | 33M | 33M |
| Gross margin | 41.3% | 41.3% | 29.2% | 29.1% | 22.0% | 8.5% | 16.4% | 17.2% | 14.9% | 13.2% |
| Operating margin | 18.9% | 17.5% | 3.0% | 2.3% | -50.7% | -54.7% | -15.8% | -13.6% | -18.2% | -20.3% |
| Net margin | 10.9% | 9.9% | 9.5% | 13.1% | -35.6% | -49.3% | -9.0% | -2.2% | -18.4% | -14.3% |
Balance sheet
Fiscal years, from Service Properties Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $11M | $24M | $26M | $28M | $73M | $944M | $38M | $180M | $143M | $347M |
| Total assets | $6.6B | $7.2B | $7.2B | $9.0B | $8.7B | $9.2B | $7.5B | $7.4B | $7.1B | $6.5B |
| Total liabilities | $3.5B | $4.4B | $4.6B | $6.5B | $6.6B | $7.6B | $6.1B | $6.1B | $6.3B | $5.8B |
| Shareholders' equity | $3.1B | $2.8B | $2.6B | $2.5B | $2.1B | $1.6B | $1.4B | $1.2B | $852M | $646M |
| Net debt | -$11M | -$24M | -$26M | -$28M | -$73M | -$944M | -$38M | -$180M | -$143M | -$347M |
Cash flow
Fiscal years, from Service Properties Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $607M | $628M | $597M | $618M | $38M | $50M | $243M | $486M | $139M | $118M |
| Capital spending | $188M | $131M | $183M | $151M | $69M | $95M | $104M | $201M | $304M | $225M |
| Free cash flow | $420M | $497M | $414M | $467M | -$31M | -$45M | $139M | $285M | -$164M | -$107M |
| Dividends paid | $314M | $340M | $347M | $354M | $94M | $7M | $38M | $132M | $101M | $7M |
| Share buybacks (net) | -$613,000 | -$533,000 | -$606,000 | -$800,000 | -$346,000 | -$790,000 | -$470,000 | -$802,000 | -$751,000 | -$660,000 |
| Free cash flow margin | 20.5% | 22.9% | 21.1% | 23.5% | -3.6% | -4.1% | 9.5% | 19.3% | -11.0% | -7.6% |
| Dividends per share | $10.06 | $10.36 | $10.56 | $10.76 | $2.86 | $0.20 | $1.15 | $4.01 | $3.06 | $0.20 |
Questions
What was Service Properties Trust's revenue in 2025?
$1.4B in fiscal 2025, from its 10-K filing.
How much free cash flow does Service Properties Trust generate?
-$107M in fiscal 2025 (operating cash flow minus capital spending).
From Service Properties Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.