Summit Hotel Properties (INN) Financials

$4.50 +0.36 (+8.55%)

Closing price 03:59 PM Eastern

Extended Trading

$4.50 -0.01 (-0.22%)

As of 04:39 PM Eastern

Annual Income Statements for Summit Hotel Properties

This table shows Summit Hotel Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	25	-30	-17
Consolidated Net Income / (Loss)	39	-31	0.23
Net Income / (Loss) Continuing Operations	39	-31	0.23
Total Pre-Tax Income	30	-25	4.83
Total Operating Income	103	59	68
Total Gross Profit	330	332	307
Total Revenue	732	736	677
Operating Revenue	732	736	677
Total Cost of Revenue	402	404	370
Operating Cost of Revenue	402	404	370
Total Operating Expenses	226	275	240
Selling, General & Admin Expense	32	33	31
Depreciation Expense	146	151	150
Other Operating Expenses / (Income)	70	75	68
Impairment Charge	6.72	17	10
Restructuring Charge	0.01	0.01	0.75
Other Special Charges / (Income)	-29	0.34	-20
Total Other Income / (Expense), net	-73	-84	-63
Interest Expense	80	87	66
Interest & Investment Income	1.91	1.69	1.54
Other Income / (Expense), net	4.38	1.01	1.08
Income Tax Expense	-8.74	2.80	3.61
Preferred Stock Dividends Declared	19	19	18
Net Income / (Loss) Attributable to Noncontrolling Interest	-4.75	-19	-0.25
Basic Earnings per Share	$0.23	($0.27)	($0.16)
Weighted Average Basic Shares Outstanding	105.93M	105.55M	105.14M
Diluted Earnings per Share	$0.22	($0.27)	($0.16)
Weighted Average Diluted Shares Outstanding	132.37M	105.55M	105.14M
Weighted Average Basic & Diluted Shares Outstanding	109.78M	107.59M	106.90M
Cash Dividends to Common per Share	$0.30	$0.22	$0.08

This table shows Summit Hotel Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	0.68	-4.27	31	-2.12	-19	-5.94	-0.75	-5.23	-15	-0.52
Consolidated Net Income / (Loss)	0.92	-3.56	39	2.83	-23	-6.27	0.89	-1.97	-13	-1.04
Net Income / (Loss) Continuing Operations	0.92	-3.56	39	2.83	-23	-6.27	0.89	-1.97	-13	-1.04
Total Pre-Tax Income	-11	-3.22	41	3.05	-20	-4.41	1.68	-2.44	-13	-0.83
Total Operating Income	8.04	16	56	23	0.67	16	23	18	6.73	17
Total Gross Profit	87	73	86	83	93	77	85	78	91	74
Total Revenue	173	177	194	188	177	182	194	182	174	178
Operating Revenue	173	177	194	188	177	182	194	182	174	178
Total Cost of Revenue	86	104	108	105	85	105	110	105	83	104
Operating Cost of Revenue	86	104	108	105	85	105	110	105	83	104
Total Operating Expenses	79	57	30	59	94	61	61	59	85	57
Selling, General & Admin Expense	7.40	7.47	8.70	8.31	7.30	8.13	9.10	8.01	7.02	6.53
Depreciation Expense	36	37	36	37	39	38	38	37	38	38
Other Operating Expenses / (Income)	29	13	13	14	32	15	14	14	30	13
Other Special Charges / (Income)	-0.47	-0.02	-28	-0.08	0.00	0.02	0.32	0.00	-	0.01
Total Other Income / (Expense), net	-19	-19	-15	-20	-21	-21	-22	-21	-20	-18
Interest Expense	20	20	18	22	22	22	22	21	19	18
Interest & Investment Income	0.43	0.45	0.57	0.46	0.50	0.47	0.41	0.31	-	0.07
Other Income / (Expense), net	0.57	1.00	2.13	0.69	0.31	0.66	0.08	-0.04	-	-0.48
Income Tax Expense	-12	0.33	2.38	0.22	1.12	1.36	0.79	-0.47	-1.04	0.21
Preferred Stock Dividends Declared	4.63	4.62	4.63	4.63	4.63	4.62	4.63	4.63	-	4.62
Net Income / (Loss) Attributable to Noncontrolling Interest	-4.39	-3.91	3.22	0.32	-9.32	-4.96	-2.98	-1.37	-	-5.15
Weighted Average Basic Shares Outstanding	105.93M	106.03M	105.92M	105.72M	105.55M	105.65M	105.56M	105.31M	105.14M	105.23M
Diluted Earnings per Share	$0.05	($0.04)	$0.23	($0.02)	($0.16)	($0.05)	($0.01)	($0.05)	-	$0.00
Weighted Average Diluted Shares Outstanding	132.37M	106.03M	149.45M	105.72M	105.55M	105.65M	105.56M	105.31M	105.14M	105.23M
Weighted Average Basic & Diluted Shares Outstanding	109.78M	108.42M	108.34M	108.19M	107.59M	107.58M	107.58M	107.47M	106.90M	106.90M

This table details how cash moves in and out of Summit Hotel Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	0.59	-14	-35
Net Cash From Operating Activities	166	154	170
Net Cash From Continuing Operating Activities	166	154	170
Net Income / (Loss) Continuing Operations	39	-28	1.22
Consolidated Net Income / (Loss)	39	-28	1.22
Depreciation Expense	146	151	150
Amortization Expense	6.58	5.91	5.71
Non-Cash Adjustments To Reconcile Net Income	-16	24	-0.90
Changes in Operating Assets and Liabilities, net	-9.23	0.76	13
Net Cash From Investing Activities	-71	-102	-291
Net Cash From Continuing Investing Activities	-71	-103	-291
Purchase of Property, Plant & Equipment	-89	-90	-76
Acquisitions	-96	-45	-287
Sale of Property, Plant & Equipment	109	35	74
Other Investing Activities, net	4.69	-3.94	-1.07
Net Cash From Financing Activities	-94	-66	86
Net Cash From Continuing Financing Activities	-94	-66	86
Repayment of Debt	-203	-103	-539
Repurchase of Preferred Equity	0.00	-0.41	0.00
Payment of Dividends	-78	-58	-109
Issuance of Debt	165	75	532
Issuance of Common Equity	22	21	204
Other Financing Activities, net	-0.94	-0.04	-1.78

This table details how cash moves in and out of Summit Hotel Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-11	6.40	-20	25	-19	-3.83	-1.42	10	-29	-55
Net Cash From Operating Activities	32	56	50	28	30	44	47	32	34	49
Net Cash From Continuing Operating Activities	32	56	50	28	30	44	47	32	34	49
Net Income / (Loss) Continuing Operations	0.92	-3.56	39	2.83	-21	-5.77	0.89	-1.97	-12	-1.04
Consolidated Net Income / (Loss)	0.92	-3.56	39	2.83	-21	-5.77	0.89	-1.97	-12	-1.04
Depreciation Expense	36	37	36	37	39	38	38	37	38	38
Amortization Expense	1.70	1.64	1.62	1.62	1.53	1.59	1.39	1.40	1.47	1.41
Non-Cash Adjustments To Reconcile Net Income	8.29	1.97	-29	2.26	18	1.62	3.22	1.45	12	1.81
Changes in Operating Assets and Liabilities, net	-15	19	2.43	-15	-6.29	8.78	4.04	-5.78	-5.40	8.46
Net Cash From Investing Activities	-105	-17	61	-9.99	-18	-24	-35	-25	-33	-23
Net Cash From Continuing Investing Activities	-105	-17	61	-9.99	-19	-24	-35	-25	-33	-23
Purchase of Property, Plant & Equipment	-28	-23	-21	-18	-27	-20	-19	-24	-28	-23
Acquisitions	-96	-	-	-	-	-1.80	-	-	-5.66	-
Sale of Property, Plant & Equipment	17	-	83	9.04	7.29	-0.01	28	0.00	-	-
Other Investing Activities, net	1.64	5.55	-1.59	-0.91	0.64	-1.66	-1.60	-1.32	0.25	0.85
Net Cash From Financing Activities	62	-32	-131	6.42	-32	-24	-13	3.43	-30	-81
Net Cash From Continuing Financing Activities	62	-32	-131	6.42	-32	-24	-13	3.43	-30	-81
Repayment of Debt	-6.09	-21	-135	-41	-26	-18	-48	-11	-63	-80
Payment of Dividends	-19	-21	-26	-12	-16	-16	-15	-10	-12	-21
Issuance of Debt	65	10	30	60	10	10	30	25	45	20
Issuance of Common Equity	22	0.14	0.15	0.08	0.26	-	20	0.00	0.03	0.02

This table presents Summit Hotel Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	2,896	2,939	3,022
Total Current Assets	77	78	91
Cash & Equivalents	41	38	51
Restricted Cash	7.72	9.93	11
Accounts Receivable	19	21	21
Prepaid Expenses	9.58	8.87	8.38
Plant, Property, & Equipment, net	0.00	0.00	0.00
Total Noncurrent Assets	2,820	2,861	2,931
Other Noncurrent Operating Assets	2,818	2,796	2,902
Other Noncurrent Nonoperating Assets	1.65	66	29
Total Liabilities & Shareholders' Equity	2,896	2,939	3,022
Total Liabilities	1,511	1,543	1,564
Total Current Liabilities	7.45	4.83	5.52
Accounts Payable	7.45	4.83	5.52
Total Noncurrent Liabilities	1,504	1,538	1,559
Long-Term Debt	1,397	1,431	1,452
Capital Lease Obligations	25	26	25
Other Noncurrent Operating Liabilities	82	81	81
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	50	50	50
Total Equity & Noncontrolling Interests	1,335	1,346	1,408
Total Preferred & Common Equity	910	911	960
Preferred Stock	0.10	0.10	0.10
Total Common Equity	909	911	960
Common Stock	1,247	1,240	1,233
Retained Earnings	-347	-340	-288
Accumulated Other Comprehensive Income / (Loss)	9.17	11	15
Noncontrolling Interest	425	435	448

This table presents Summit Hotel Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,837	2,871	2,961	3,015	3,034	3,028	3,076
Total Current Assets	96	95	118	104	108	115	112
Cash & Equivalents	52	46	63	55	58	61	73
Restricted Cash	7.34	6.77	8.92	11	12	11	-
Accounts Receivable	21	28	28	24	22	24	24
Prepaid Expenses	17	14	17	13	16	19	15
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	1.50
Total Noncurrent Assets	2,741	2,776	2,843	2,911	2,926	2,913	2,963
Other Noncurrent Operating Assets	2,722	2,767	2,779	2,867	2,888	2,798	2,927
Other Noncurrent Nonoperating Assets	19	9.72	64	9.16	1.65	79	-
Total Liabilities & Shareholders' Equity	2,837	2,871	2,961	3,015	3,034	3,028	3,076
Total Liabilities	1,464	1,462	1,566	1,570	1,571	1,585	1,595
Total Current Liabilities	6.13	6.64	7.30	6.88	5.48	5.46	5.90
Accounts Payable	6.13	6.64	7.30	6.88	5.48	5.46	5.90
Total Noncurrent Liabilities	1,458	1,455	1,559	1,563	1,566	1,580	1,589
Long-Term Debt	1,336	1,345	1,452	1,445	1,451	1,467	1,468
Capital Lease Obligations	25	25	25	26	26	26	26
Other Noncurrent Operating Liabilities	97	84	82	92	89	86	95
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	50	50	50	50	50	50	50
Total Equity & Noncontrolling Interests	1,323	1,359	1,344	1,395	1,412	1,393	1,431
Total Preferred & Common Equity	911	932	908	942	949	946	976
Preferred Stock	0.10	0.10	0.10	0.10	0.10	0.10	0.10
Total Common Equity	911	932	908	942	949	946	974
Common Stock	1,245	1,244	1,241	1,238	1,236	1,234	1,231
Retained Earnings	-339	-326	-348	-317	-305	-298	-272
Accumulated Other Comprehensive Income / (Loss)	4.96	14	15	21	18	10	16
Noncontrolling Interest	412	427	436	453	463	446	455

This table displays calculated financial ratios and metrics derived from Summit Hotel Properties' official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-0.59%	8.75%	87.03%
EBITDA Growth	20.43%	-3.61%	181.94%
EBIT Growth	80.42%	-13.18%	325.06%
NOPAT Growth	224.42%	140.85%	173.37%
Net Income Growth	227.19%	-13,166.67%	100.34%
EPS Growth	181.48%	-68.75%	80.00%
Operating Cash Flow Growth	8.25%	-9.42%	156.79%
Free Cash Flow Firm Growth	-20.11%	119.99%	-3,978.34%
Invested Capital Growth	0.62%	-3.68%	35.63%
Revenue Q/Q Growth	-0.61%	0.70%	1.32%
EBITDA Q/Q Growth	2.21%	-1.84%	10.39%
EBIT Q/Q Growth	7.61%	-7.80%	15.55%
NOPAT Q/Q Growth	72.49%	-9.35%	-10.92%
Net Income Q/Q Growth	126.01%	-57.36%	-90.23%
EPS Q/Q Growth	2,100.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	1.04%	-2.20%	12.00%
Free Cash Flow Firm Q/Q Growth	-55.32%	35.40%	7.28%
Invested Capital Q/Q Growth	3.76%	-3.54%	-2.01%
Profitability Metrics	-	-	-
Gross Margin	45.04%	45.05%	45.36%
EBITDA Margin	35.65%	29.43%	33.20%
Operating Margin	14.14%	7.99%	10.01%
EBIT Margin	14.74%	8.12%	10.17%
Profit (Net Income) Margin	5.31%	-4.15%	0.03%
Tax Burden Percent	129.00%	120.77%	4.85%
Interest Burden Percent	27.95%	-42.34%	7.01%
Effective Tax Rate	-29.00%	0.00%	74.79%
Return on Invested Capital (ROIC)	4.86%	1.47%	0.69%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.11%	-3.78%	-0.73%
Return on Net Nonoperating Assets (RNNOA)	-2.06%	-3.62%	-0.67%
Return on Equity (ROE)	2.80%	-2.14%	0.02%
Cash Return on Invested Capital (CROIC)	4.24%	5.23%	-29.55%
Operating Return on Assets (OROA)	3.70%	2.01%	2.61%
Return on Assets (ROA)	1.33%	-1.03%	0.01%
Return on Common Equity (ROCE)	1.83%	-1.40%	0.01%
Return on Equity Simple (ROE_SIMPLE)	4.28%	-3.36%	0.02%
Net Operating Profit after Tax (NOPAT)	134	41	17
NOPAT Margin	18.24%	5.59%	2.52%
Net Nonoperating Expense Percent (NNEP)	6.97%	5.26%	1.42%
Return On Investment Capital (ROIC_SIMPLE)	4.84%	1.47%	0.59%
Cost of Revenue to Revenue	54.96%	54.95%	54.64%
SG&A Expenses to Revenue	4.36%	4.42%	4.54%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	30.90%	37.40%	35.49%
Earnings before Interest and Taxes (EBIT)	108	60	69
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	261	217	225
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.81	0.75	0.73
Price to Tangible Book Value (P/TBV)	0.81	0.75	0.73
Price to Revenue (P/Rev)	1.00	0.92	1.04
Price to Earnings (P/E)	29.18	0.00	0.00
Dividend Yield	4.43%	3.48%	1.22%
Earnings Yield	3.43%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.94	0.92
Enterprise Value to Revenue (EV/Rev)	3.53	3.50	3.87
Enterprise Value to EBITDA (EV/EBITDA)	9.90	11.89	11.64
Enterprise Value to EBIT (EV/EBIT)	23.94	43.07	37.99
Enterprise Value to NOPAT (EV/NOPAT)	19.34	62.58	153.14
Enterprise Value to Operating Cash Flow (EV/OCF)	15.53	16.76	15.43
Enterprise Value to Free Cash Flow (EV/FCFF)	22.15	17.65	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.03	1.04	1.01
Long-Term Debt to Equity	1.03	1.04	1.01
Financial Leverage	0.98	0.96	0.93
Leverage Ratio	2.10	2.09	2.06
Compound Leverage Factor	0.59	-0.88	0.14
Debt to Total Capital	50.65%	51.05%	50.33%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	50.65%	51.05%	50.33%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	16.94%	17.02%	16.98%
Common Equity to Total Capital	32.40%	31.93%	32.69%
Debt to EBITDA	5.45	6.72	6.57
Net Debt to EBITDA	5.26	6.50	6.30
Long-Term Debt to EBITDA	5.45	6.72	6.57
Debt to NOPAT	10.65	35.39	86.46
Net Debt to NOPAT	10.29	34.23	82.84
Long-Term Debt to NOPAT	10.65	35.39	86.46
Altman Z-Score	0.53	0.45	0.47
Noncontrolling Interest Sharing Ratio	34.55%	34.47%	25.64%
Liquidity Ratios	-	-	-
Current Ratio	10.28	16.16	16.53
Quick Ratio	7.95	12.26	13.10
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	117	146	-730
Operating Cash Flow to CapEx	0.00%	282.41%	6,256.55%
Free Cash Flow to Firm to Interest Expense	1.46	1.68	-11.13
Operating Cash Flow to Interest Expense	2.09	1.77	2.59
Operating Cash Flow Less CapEx to Interest Expense	2.34	1.14	2.55
Efficiency Ratios	-	-	-
Asset Turnover	0.25	0.25	0.26
Accounts Receivable Turnover	36.61	34.75	38.15
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00
Accounts Payable Turnover	65.51	78.21	74.13
Days Sales Outstanding (DSO)	9.97	10.50	9.57
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	5.57	4.67	4.92
Cash Conversion Cycle (CCC)	4.40	5.84	4.64
Capital & Investment Metrics	-	-	-
Invested Capital	2,757	2,740	2,844
Invested Capital Turnover	0.27	0.26	0.27
Increase / (Decrease) in Invested Capital	17	-105	747
Enterprise Value (EV)	2,582	2,575	2,616
Market Capitalization	734	681	703
Book Value per Share	$8.39	$8.47	$8.98
Tangible Book Value per Share	$8.39	$8.47	$8.98
Total Capital	2,807	2,853	2,935
Total Debt	1,422	1,457	1,477
Total Long-Term Debt	1,422	1,457	1,477
Net Debt	1,373	1,409	1,415
Capital Expenditures (CapEx)	-20	54	2.71
Debt-free, Cash-free Net Working Capital (DFCFNWC)	21	25	24
Debt-free Net Working Capital (DFNWC)	69	73	86
Net Working Capital (NWC)	69	73	86
Net Nonoperating Expense (NNE)	95	72	17
Net Nonoperating Obligations (NNO)	1,372	1,343	1,386
Total Depreciation and Amortization (D&A)	153	157	156
Debt-free, Cash-free Net Working Capital to Revenue	2.84%	3.45%	3.53%
Debt-free Net Working Capital to Revenue	9.44%	9.94%	12.66%
Net Working Capital to Revenue	9.44%	9.94%	12.66%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.23	($0.27)	$0.00
Adjusted Weighted Average Basic Shares Outstanding	105.93M	105.55M	105.14M
Adjusted Diluted Earnings per Share	$0.22	($0.27)	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	132.37M	105.55M	105.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	109.78M	107.59M	106.90M
Normalized Net Operating Profit after Tax (NOPAT)	57	53	41
Normalized NOPAT Margin	7.78%	7.21%	6.06%
Pre Tax Income Margin	4.12%	-3.44%	0.71%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	1.35	0.69	1.05
NOPAT to Interest Expense	1.68	0.47	0.26
EBIT Less CapEx to Interest Expense	1.61	0.06	1.01
NOPAT Less CapEx to Interest Expense	1.93	-0.15	0.22
Payout Ratios	-	-	-
Dividend Payout Ratio	199.55%	-190.35%	46,470.94%
Augmented Payout Ratio	199.55%	-190.35%	46,470.94%

This table displays calculated financial ratios and metrics derived from Summit Hotel Properties' official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.54%	-2.76%	-0.30%	3.16%	2.24%	2.00%	6.14%	28.56%	5.36%	61.04%
EBITDA Growth	13.74%	-2.67%	54.48%	10.85%	-10.39%	0.57%	-24.41%	40.64%	121.40%	64.21%
EBIT Growth	781.97%	-2.23%	148.06%	33.11%	-85.50%	2.32%	-45.43%	636.46%	202.62%	130.29%
NOPAT Growth	1,099.55%	-4.38%	326.75%	71.24%	-90.05%	-4.38%	-63.25%	2,414.09%	563.71%	243.02%
Net Income Growth	103.94%	43.28%	4,248.09%	243.81%	-77.78%	-502.21%	-96.18%	78.05%	-19.81%	75.44%
EPS Growth	131.25%	20.00%	2,400.00%	60.00%	0.00%	0.00%	-114.29%	0.00%	0.00%	100.00%
Operating Cash Flow Growth	5.61%	26.18%	6.97%	-12.05%	-10.20%	-9.56%	-23.37%	25.49%	115.29%	37.56%
Free Cash Flow Firm Growth	-110.73%	163.25%	2,647.73%	-47.98%	114.17%	109.30%	100.99%	117.29%	-17,099.84%	-1,741.32%
Invested Capital Growth	0.62%	-6.46%	-5.22%	-1.79%	-3.68%	-2.15%	0.18%	-4.30%	35.63%	38.48%
Revenue Q/Q Growth	-2.19%	-8.82%	3.06%	6.03%	-2.41%	-6.52%	6.64%	5.84%	-2.64%	-2.73%
EBITDA Q/Q Growth	-15.10%	-42.85%	54.04%	52.18%	-27.35%	-9.29%	10.53%	23.02%	-18.46%	-31.82%
EBIT Q/Q Growth	-48.62%	-71.28%	141.33%	2,376.84%	-94.30%	-27.13%	29.50%	169.73%	-59.80%	-61.13%
NOPAT Q/Q Growth	-48.99%	-79.18%	142.73%	4,551.99%	-95.93%	-7.06%	-2.60%	170.34%	-60.92%	-64.29%
Net Income Q/Q Growth	125.76%	-109.19%	1,265.97%	113.32%	-270.51%	-804.38%	145.18%	83.69%	-1,155.04%	-104.47%
EPS Q/Q Growth	225.00%	-117.39%	1,250.00%	87.50%	-220.00%	-400.00%	80.00%	0.00%	0.00%	-100.00%
Operating Cash Flow Q/Q Growth	-42.18%	10.61%	78.77%	-7.63%	-30.92%	-6.24%	47.00%	-5.68%	-30.43%	-20.55%
Free Cash Flow Firm Q/Q Growth	-105.80%	-3.91%	182.53%	-36.71%	42.39%	902.91%	-94.65%	118.56%	6.56%	-7.26%
Invested Capital Q/Q Growth	3.76%	-2.25%	-0.64%	0.14%	-3.54%	-0.94%	2.95%	-2.08%	-2.01%	1.41%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.49%	41.39%	44.52%	44.01%	52.18%	42.14%	43.62%	42.54%	52.20%	41.78%
EBITDA Margin	27.05%	31.17%	49.72%	33.27%	23.18%	31.14%	32.09%	30.96%	26.45%	31.58%
Operating Margin	4.65%	8.91%	28.99%	12.48%	0.38%	9.06%	12.05%	9.98%	3.88%	9.67%
EBIT Margin	4.98%	9.48%	30.09%	12.85%	0.55%	9.43%	12.09%	9.96%	3.88%	9.40%
Profit (Net Income) Margin	0.53%	-2.01%	19.96%	1.51%	-13.09%	-3.45%	0.46%	-1.08%	-7.53%	-0.58%
Tax Burden Percent	-8.52%	110.30%	94.22%	92.89%	115.28%	142.19%	52.94%	80.67%	99.60%	125.27%
Interest Burden Percent	-124.90%	-19.24%	70.41%	12.62%	-2,064.34%	-25.73%	7.15%	-13.45%	-194.83%	-4.96%
Effective Tax Rate	0.00%	0.00%	5.78%	7.11%	0.00%	0.00%	47.06%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.87%	1.67%	7.25%	3.12%	0.07%	1.61%	1.62%	1.76%	0.74%	1.81%
ROIC Less NNEP Spread (ROIC-NNEP)	0.52%	0.58%	6.20%	1.70%	-1.67%	0.35%	0.79%	0.68%	-0.75%	0.72%
Return on Net Nonoperating Assets (RNNOA)	0.51%	0.55%	5.86%	1.61%	-1.59%	0.34%	0.75%	0.63%	-0.70%	0.68%
Return on Equity (ROE)	1.37%	2.22%	13.11%	4.73%	-1.52%	1.95%	2.37%	2.38%	0.05%	2.49%
Cash Return on Invested Capital (CROIC)	4.24%	9.49%	7.92%	3.43%	5.23%	3.75%	1.43%	6.23%	-29.55%	-31.51%
Operating Return on Assets (OROA)	1.25%	2.38%	7.55%	3.18%	0.14%	2.26%	2.86%	2.33%	0.99%	2.36%
Return on Assets (ROA)	0.13%	-0.51%	5.01%	0.37%	-3.23%	-0.83%	0.11%	-0.25%	-1.93%	-0.15%
Return on Common Equity (ROCE)	0.90%	1.46%	8.59%	3.09%	-1.00%	1.28%	1.54%	1.53%	0.04%	1.86%
Return on Equity Simple (ROE_SIMPLE)	0.00%	1.89%	1.56%	-2.57%	0.00%	-2.06%	-1.50%	0.87%	0.00%	0.25%
Net Operating Profit after Tax (NOPAT)	5.63	11	53	22	0.47	12	12	13	4.71	12
NOPAT Margin	3.25%	6.24%	27.31%	11.60%	0.26%	6.34%	6.38%	6.99%	2.72%	6.77%
Net Nonoperating Expense Percent (NNEP)	0.35%	1.09%	1.05%	1.41%	1.74%	1.26%	0.83%	1.08%	1.50%	1.08%
Return On Investment Capital (ROIC_SIMPLE)	0.20%	-	-	-	0.02%	-	-	-	0.16%	-
Cost of Revenue to Revenue	49.51%	58.61%	55.49%	55.99%	47.82%	57.86%	56.38%	57.46%	47.80%	58.22%
SG&A Expenses to Revenue	4.28%	4.23%	4.49%	4.42%	4.11%	4.47%	4.68%	4.39%	4.05%	3.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	45.85%	32.48%	15.53%	31.53%	52.91%	33.35%	31.57%	32.56%	48.89%	32.12%
Earnings before Interest and Taxes (EBIT)	8.61	17	58	24	0.98	17	24	18	6.73	17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	47	55	96	63	41	57	62	56	46	56
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.81	0.82	0.69	0.75	0.75	0.63	0.70	0.74	0.73	0.68
Price to Tangible Book Value (P/TBV)	0.81	0.82	0.69	0.75	0.75	0.63	0.70	0.74	0.73	0.68
Price to Revenue (P/Rev)	1.00	1.01	0.86	0.92	0.92	0.82	0.91	0.98	1.04	1.00
Price to Earnings (P/E)	29.18	88.58	95.21	0.00	0.00	0.00	0.00	0.00	0.00	16.26
Dividend Yield	4.43%	4.08%	4.39%	3.78%	3.48%	3.61%	2.92%	1.83%	1.22%	0.64%
Earnings Yield	3.43%	1.13%	1.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.15%
Enterprise Value to Invested Capital (EV/IC)	0.94	0.94	0.90	0.94	0.94	0.88	0.90	0.94	0.92	0.89
Enterprise Value to Revenue (EV/Rev)	3.53	3.41	3.29	3.47	3.50	3.43	3.55	3.66	3.87	3.88
Enterprise Value to EBITDA (EV/EBITDA)	9.90	9.82	9.49	11.56	11.89	11.35	11.66	10.87	11.64	12.74
Enterprise Value to EBIT (EV/EBIT)	23.94	25.01	24.21	39.12	43.07	38.62	39.36	30.99	37.99	43.53
Enterprise Value to NOPAT (EV/NOPAT)	19.34	32.40	33.95	57.40	62.58	55.17	56.22	49.95	153.14	135.27
Enterprise Value to Operating Cash Flow (EV/OCF)	15.53	15.23	15.91	17.19	16.76	15.94	15.96	14.88	15.43	17.13
Enterprise Value to Free Cash Flow (EV/FCFF)	22.15	9.61	11.01	27.18	17.65	23.24	63.15	14.76	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.03	0.99	0.97	1.06	1.04	1.02	1.01	1.04	1.01	1.01
Long-Term Debt to Equity	1.03	0.99	0.97	1.06	1.04	1.02	1.01	1.04	1.01	1.01
Financial Leverage	0.98	0.95	0.94	0.95	0.96	0.96	0.94	0.92	0.93	0.94
Leverage Ratio	2.10	2.08	2.06	2.11	2.09	2.08	2.09	2.07	2.06	2.06
Compound Leverage Factor	-2.62	-0.40	1.45	0.27	-43.11	-0.54	0.15	-0.28	-4.02	-0.10
Debt to Total Capital	50.65%	49.77%	49.30%	51.45%	51.05%	50.44%	50.26%	50.86%	50.33%	50.22%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	50.65%	49.77%	49.30%	51.45%	51.05%	50.44%	50.26%	50.86%	50.33%	50.22%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	16.94%	16.90%	17.18%	16.95%	17.02%	17.26%	17.45%	16.91%	16.98%	16.99%
Common Equity to Total Capital	32.40%	33.33%	33.52%	31.61%	31.93%	32.30%	32.29%	32.22%	32.69%	32.75%
Debt to EBITDA	5.45	5.33	5.34	6.63	6.72	6.66	6.67	6.20	6.57	7.34
Net Debt to EBITDA	5.26	5.10	5.13	6.31	6.50	6.36	6.35	5.90	6.30	6.98
Long-Term Debt to EBITDA	5.45	5.33	5.34	6.63	6.72	6.66	6.67	6.20	6.57	7.34
Debt to NOPAT	10.65	17.58	19.10	32.94	35.39	32.40	32.17	28.47	86.46	77.90
Net Debt to NOPAT	10.29	16.82	18.37	31.33	34.23	30.93	30.63	27.10	82.84	74.12
Long-Term Debt to NOPAT	10.65	17.58	19.10	32.94	35.39	32.40	32.17	28.47	86.46	77.90
Altman Z-Score	0.41	0.45	0.47	0.42	0.38	0.38	0.42	0.43	0.40	0.40
Noncontrolling Interest Sharing Ratio	34.55%	34.25%	34.50%	34.66%	34.47%	34.52%	35.07%	36.00%	25.64%	25.27%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	10.28	15.73	14.28	16.09	16.16	15.08	19.74	21.11	16.53	18.95
Quick Ratio	7.95	11.81	11.13	12.52	12.26	11.56	14.70	15.52	13.10	16.29
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-11	195	202	72	105	74	7.37	138	-742	-795
Operating Cash Flow to CapEx	306.44%	247.15%	0.00%	310.26%	158.23%	218.98%	0.00%	132.87%	122.52%	207.65%
Free Cash Flow to Firm to Interest Expense	-0.57	9.52	11.36	3.32	4.87	3.36	0.33	6.59	-38.31	-45.03
Operating Cash Flow to Interest Expense	1.63	2.72	2.82	1.30	1.41	2.00	2.11	1.53	1.75	2.76
Operating Cash Flow Less CapEx to Interest Expense	1.10	1.62	6.31	0.88	0.52	1.09	2.52	0.38	0.32	1.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.25	0.25	0.25	0.25	0.24	0.24	0.23	0.26	0.25
Accounts Receivable Turnover	36.61	32.77	29.61	28.50	34.75	30.64	33.73	27.40	38.15	35.42
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	65.51	64.54	69.56	66.36	78.21	65.73	60.62	75.83	74.13	68.28
Days Sales Outstanding (DSO)	9.97	11.14	12.33	12.81	10.50	11.91	10.82	13.32	9.57	10.30
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	5.57	5.66	5.25	5.50	4.67	5.55	6.02	4.81	4.92	5.35
Cash Conversion Cycle (CCC)	4.40	5.48	7.08	7.31	5.84	6.36	4.80	8.51	4.64	4.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,757	2,657	2,718	2,735	2,740	2,840	2,867	2,785	2,844	2,903
Invested Capital Turnover	0.27	0.27	0.27	0.27	0.26	0.25	0.25	0.25	0.27	0.27
Increase / (Decrease) in Invested Capital	17	-184	-150	-50	-105	-62	5.04	-125	747	807
Enterprise Value (EV)	2,582	2,507	2,436	2,575	2,575	2,504	2,582	2,620	2,616	2,594
Market Capitalization	734	743	640	683	681	597	662	702	703	667
Book Value per Share	$8.39	$8.41	$8.61	$8.44	$8.47	$8.76	$8.83	$8.85	$8.98	$9.12
Tangible Book Value per Share	$8.39	$8.41	$8.61	$8.44	$8.47	$8.76	$8.83	$8.85	$8.98	$9.12
Total Capital	2,807	2,734	2,780	2,872	2,853	2,916	2,939	2,936	2,935	2,975
Total Debt	1,422	1,361	1,371	1,477	1,457	1,471	1,477	1,493	1,477	1,494
Total Long-Term Debt	1,422	1,361	1,371	1,477	1,457	1,471	1,477	1,493	1,477	1,494
Net Debt	1,373	1,302	1,318	1,405	1,409	1,404	1,407	1,422	1,415	1,421
Capital Expenditures (CapEx)	11	23	-62	9.07	19	20	-9.09	24	28	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	21	31	35	38	25	30	32	38	24	33
Debt-free Net Working Capital (DFNWC)	69	90	88	110	73	97	103	110	86	106
Net Working Capital (NWC)	69	90	88	110	73	97	103	110	86	106
Net Nonoperating Expense (NNE)	4.71	15	14	19	24	18	12	15	18	13
Net Nonoperating Obligations (NNO)	1,372	1,283	1,308	1,341	1,343	1,395	1,405	1,342	1,386	1,421
Total Depreciation and Amortization (D&A)	38	38	38	38	40	39	39	38	39	40
Debt-free, Cash-free Net Working Capital to Revenue	2.84%	4.24%	4.79%	5.10%	3.45%	4.15%	4.44%	5.30%	3.53%	4.98%
Debt-free Net Working Capital to Revenue	9.44%	12.26%	11.89%	14.86%	9.94%	13.25%	14.12%	15.33%	12.66%	15.85%
Net Working Capital to Revenue	9.44%	12.26%	11.89%	14.86%	9.94%	13.25%	14.12%	15.33%	12.66%	15.85%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.04)	$0.29	($0.02)	($0.16)	($0.05)	($0.01)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	105.93M	106.03M	105.92M	105.72M	105.55M	105.65M	105.56M	105.31M	105.14M	105.23M
Adjusted Diluted Earnings per Share	$0.05	($0.04)	$0.23	($0.02)	($0.16)	($0.05)	($0.01)	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	132.37M	106.03M	149.45M	105.72M	105.55M	105.65M	105.56M	105.31M	105.14M	105.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	109.78M	108.42M	108.34M	108.19M	107.59M	107.58M	107.58M	107.47M	106.90M	106.90M
Normalized Net Operating Profit after Tax (NOPAT)	5.29	11	26	22	0.47	12	13	13	4.71	12
Normalized NOPAT Margin	3.06%	6.23%	13.54%	11.56%	0.26%	6.35%	6.54%	6.99%	2.72%	6.79%
Pre Tax Income Margin	-6.22%	-1.82%	21.18%	1.62%	-11.36%	-2.43%	0.86%	-1.34%	-7.56%	-0.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.43	0.82	3.27	1.12	0.05	0.78	1.06	0.87	0.35	0.95
NOPAT to Interest Expense	0.28	0.54	2.97	1.01	0.02	0.52	0.56	0.61	0.24	0.68
EBIT Less CapEx to Interest Expense	-0.10	-0.28	6.76	0.70	-0.85	-0.14	1.47	-0.28	-1.08	-0.38
NOPAT Less CapEx to Interest Expense	-0.25	-0.56	6.46	0.59	-0.87	-0.39	0.97	-0.54	-1.19	-0.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	199.55%	434.50%	482.45%	-256.75%	-190.35%	-279.65%	-412.70%	1,396.08%	46,470.94%	4,219.59%
Augmented Payout Ratio	199.55%	434.50%	482.45%	-256.75%	-190.35%	-279.65%	-412.70%	1,396.08%	46,470.94%	4,219.59%

Frequently Asked Questions About Summit Hotel Properties' Financials

When does Summit Hotel Properties's financial year end?

According to the most recent income statement we have on file, Summit Hotel Properties' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Summit Hotel Properties' net income changed over the last 2 years?

Summit Hotel Properties' net income appears to be on an upward trend, with a most recent value of $38.89 million in 2024, rising from $234 thousand in 2022. The previous period was -$30.58 million in 2023. See where experts think Summit Hotel Properties is headed by visiting Summit Hotel Properties' forecast page.

What is Summit Hotel Properties's operating income?

Summit Hotel Properties's total operating income in 2024 was $103.49 million, based on the following breakdown:

Total Gross Profit: $329.62 million
Total Operating Expenses: $226.13 million

How has Summit Hotel Properties revenue changed over the last 2 years?

Over the last 2 years, Summit Hotel Properties' total revenue changed from $676.91 million in 2022 to $731.78 million in 2024, a change of 8.1%.

How much debt does Summit Hotel Properties have?

Summit Hotel Properties' total liabilities were at $1.51 billion at the end of 2024, a 2.0% decrease from 2023, and a 3.4% decrease since 2022.

How much cash does Summit Hotel Properties have?

In the past 2 years, Summit Hotel Properties' cash and equivalents has ranged from $37.84 million in 2023 to $51.26 million in 2022, and is currently $40.64 million as of their latest financial filing in 2024.

How has Summit Hotel Properties' book value per share changed over the last 2 years?

Over the last 2 years, Summit Hotel Properties' book value per share changed from 8.98 in 2022 to 8.39 in 2024, a change of -6.6%.

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This page (NYSE:INN) was last updated on 5/27/2025 by MarketBeat.com Staff

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Summit Hotel Properties (INN) Financials

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Summit Hotel Properties (INN) Financials

Annual Income Statements for Summit Hotel Properties

Quarterly Income Statements for Summit Hotel Properties

Annual Cash Flow Statements for Summit Hotel Properties

Quarterly Cash Flow Statements for Summit Hotel Properties

Annual Balance Sheets for Summit Hotel Properties

Quarterly Balance Sheets for Summit Hotel Properties

Annual Metrics And Ratios for Summit Hotel Properties

Quarterly Metrics And Ratios for Summit Hotel Properties

Frequently Asked Questions About Summit Hotel Properties' Financials

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