Summit Hotel Properties (INN) Financials

$5.38 +0.05 (+0.84%)

Closing price 03:59 PM Eastern

Extended Trading

$5.38 0.00 (-0.09%)

As of 04:10 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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-17	-30	25
Consolidated Net Income / (Loss)	0.23	-31	39
Net Income / (Loss) Continuing Operations	0.23	-31	39
Total Pre-Tax Income	4.83	-25	30
Total Operating Income	68	59	103
Total Gross Profit	307	332	330
Total Revenue	677	736	732
Operating Revenue	677	736	732
Total Cost of Revenue	370	404	402
Operating Cost of Revenue	370	404	402
Total Operating Expenses	240	275	226
Selling, General & Admin Expense	31	33	32
Depreciation Expense	150	151	146
Other Operating Expenses / (Income)	68	75	70
Impairment Charge	10	17	6.72
Restructuring Charge	0.75	0.01	0.01
Other Special Charges / (Income)	-20	0.34	-29
Total Other Income / (Expense), net	-63	-84	-73
Interest Expense	66	87	80
Interest & Investment Income	1.54	1.69	1.91
Other Income / (Expense), net	1.08	1.01	4.38
Income Tax Expense	3.61	2.80	-8.74
Preferred Stock Dividends Declared	18	19	19
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.25	-19	-4.75
Basic Earnings per Share	($0.16)	($0.27)	$0.23
Weighted Average Basic Shares Outstanding	105.14M	105.55M	105.93M
Diluted Earnings per Share	($0.16)	($0.27)	$0.22
Weighted Average Diluted Shares Outstanding	105.14M	105.55M	132.37M
Weighted Average Basic & Diluted Shares Outstanding	106.90M	107.59M	109.78M
Cash Dividends to Common per Share	$0.08	$0.22	$0.30

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

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

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

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

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

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

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

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

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

Financials Breakdown Chart

Key Financial Trends

Summit Hotel Properties (NYSE:INN) has shown notable financial trends over the last four years, with mixed performance impacted by varying revenue, expense control, and large debt levels. Here's a summary of key points from their recent quarterly financials:

Revenue: Operating revenue has been relatively stable in recent quarters, with Q4 2024 showing $172.9 million, comparable to $177.4 million in Q4 2023 and $173.5 million in Q4 2022, indicating steady top-line performance.
Gross Profit: Despite revenue fluctuations, gross profit remains solid, e.g., $87.3 million in Q4 2024, a healthy margin indicating controllable cost of revenue.
Operating Expense Management: Selling, General & Admin expenses remain steady around $7.3 million to $8.7 million per quarter, showing consistent administrative cost control.
Depreciation Expense: Consistently around $36-$38 million quarterly, reflecting ongoing asset investment and stable property portfolio valuation management.
Operating Cash Flow: Net cash from continuing operating activities increased to $32.2 million in Q4 2024, supporting operating liquidity and indicating good cash generation from core operations.
Other Operating Expenses: Fluctuated quite a bit (e.g., $29.2 million in Q4 2024 vs. $31.5 million in Q4 2023), which could reflect variability in maintenance or non-recurring operating costs; investors should watch this for volatility.
Income Tax Expense: Occasionally showing negative values (e.g., a tax benefit of $11.7 million in Q4 2024), indicating tax credits or deferred tax adjustments impacting net income fluctuations.
Preferred Dividends: Around $4.6 million quarterly consistently, deducting from net income available to common shareholders.
Net Income Volatility: Q4 2024 shows a small net income attributable to common shareholders of $0.68 million, compared to a net loss of $18.5 million in Q4 2023, reflecting inconsistent profitability.
High Interest Expense: Averaging between $19 million to $22 million quarterly, which is a significant burden and impacts net profitability negatively.
Large Debt Levels: Total long-term debt remains elevated near $1.3-$1.5 billion level in recent quarters (e.g., $1.33 billion in Q3 2024), posing leverage risk and interest cost pressure.
Net Cash Used in Investing: Significant outflows (e.g., -$105 million in Q4 2024) due to acquisitions and capital expenditures, which may weigh on free cash flow in short-term.
Dividend Payments: Ongoing quarterly dividend outflows of approximately $18-25 million, which while shareholder-friendly, could constrain cash reserves.

Summary: Summit Hotel Properties maintains steady rental revenues and operating cash flow, yet struggles with net income volatility mainly due to high interest expenses and large debt loads. While investing activities indicate growth or asset enhancements, the company's profitability remains under pressure from financing costs. Retail investors should monitor future debt servicing ability and any improvements in net income stability.

10/24/25 08:22 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Summit Hotel Properties' Financials

When does Summit Hotel Properties' fiscal year end?

According to the most recent income statement we have on file, Summit Hotel Properties' financial year ends in December. Their financial 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 Summit Hotel Properties' forecast for analyst expectations on what’s next for the company.

What is Summit Hotel Properties' operating income?

Summit Hotel Properties' 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 10/24/2025 by MarketBeat.com Staff

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Summit Hotel Properties (INN) Financials

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Summit Hotel Properties (INN) Financials

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