Park Hotels & Resorts (PK) Financials

$10.49 +0.11 (+1.05%)

Closing price 05/29/2025 03:59 PM Eastern

Extended Trading

$10.46 -0.03 (-0.32%)

As of 05/29/2025 07:55 PM Eastern

Annual Income Statements for Park Hotels & Resorts

This table shows Park Hotels & Resorts' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	212	97	162	-459	-1,440	3,153	472	2,625	133	292
Consolidated Net Income / (Loss)	226	106	173	-452	-1,444	316	477	2,631	139	299
Net Income / (Loss) Continuing Operations	226	106	173	-452	-1,444	3,163	477	2,631	139	299
Total Pre-Tax Income	165	144	173	-450	-1,450	351	500	285	221	417
Total Operating Income	391	343	296	-179	-1,202	426	504	371	419	586
Total Gross Profit	745	987	916	418	127	3,846	959	955	914	918
Total Revenue	2,599	2,698	2,501	1,362	852	5,688	2,737	2,791	2,727	2,688
Operating Revenue	2,599	2,698	2,501	1,362	852	5,688	2,737	2,791	2,727	2,688
Total Cost of Revenue	1,854	1,711	1,585	944	725	1,842	1,778	1,836	1,813	1,770
Operating Cost of Revenue	1,854	1,711	1,585	944	725	1,842	1,778	1,836	1,813	1,770
Total Operating Expenses	354	644	620	597	1,329	573	455	584	495	332
Selling, General & Admin Expense	151	148	135	111	99	62	138	131	90	99
Depreciation Expense	257	287	269	281	298	264	277	288	300	287
Other Operating Expenses / (Income)	-60	20	223	191	288	196	137	140	91	89
Impairment Charge	14	204	6.00	9.00	696	-	-1.00	26	15	-
Other Special Charges / (Income)	-8.00	-15	-13	5.00	-62	-19	-96	-1.00	-1.00	-143
Total Other Income / (Expense), net	-226	-199	-123	-271	-248	-75	-4.00	-86	-198	-169
Interest Expense	274	252	247	258	213	140	127	124	181	186
Interest & Investment Income	52	49	28	-6.00	-20	20	24	42	5.00	23
Other Income / (Expense), net	-4.00	4.00	96	-7.00	-15	45	99	-4.00	-22	-6.00
Income Tax Expense	-61	38	0.00	2.00	-6.00	35	23	-2,346	82	118
Net Income / (Loss) Attributable to Noncontrolling Interest	14	9.00	11	7.00	-4.00	10	5.00	6.00	6.00	7.00
Basic Earnings per Share	$1.02	$0.44	$0.71	($1.95)	($6.11)	$1.44	$2.32	$12.38	$0.67	$1.48
Weighted Average Basic Shares Outstanding	207M	214M	228M	236M	236M	212M	203M	211M	198M	198M
Diluted Earnings per Share	$1.01	$0.44	$0.71	($1.95)	($6.11)	$1.44	$2.31	$12.21	$0.67	$1.48
Weighted Average Diluted Shares Outstanding	209M	215M	228M	236M	236M	213M	204M	214M	198M	198M
Weighted Average Basic & Diluted Shares Outstanding	202.04M	210.58M	222.07M	236.47M	236.38M	240.18M	203.40M	212M	198.50M	-
Cash Dividends to Common per Share	$1.40	$2.15	$0.28	-	$0.45	$1.90	$1.99	$1.84	-	-

This table shows Park Hotels & Resorts' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	-57	66	54	64	28	187	27	-150	33	34	35
Consolidated Net Income / (Loss)	-57	73	57	67	29	188	31	-146	33	35	40
Net Income / (Loss) Continuing Operations	-57	73	57	67	29	188	31	-146	33	35	40
Total Pre-Tax Income	-56	21	59	55	30	221	31	-143	35	37	37
Total Operating Income	7.00	83	95	121	92	276	85	-98	80	84	92
Total Gross Profit	226	53	181	272	239	245	246	270	226	247	240
Total Revenue	630	625	649	686	639	657	679	714	648	665	662
Operating Revenue	630	625	649	686	639	657	679	714	648	665	662
Total Cost of Revenue	404	572	468	414	400	412	433	444	422	418	422
Operating Cost of Revenue	404	572	468	414	400	412	433	444	422	418	422
Total Operating Expenses	219	-30	86	151	147	-31	161	368	146	163	148
Selling, General & Admin Expense	39	37	38	38	38	37	37	38	36	35	34
Depreciation Expense	69	65	63	64	65	94	65	64	64	65	67
Other Operating Expenses / (Income)	41	-125	-15	42	38	-162	59	63	60	61	58
Impairment Charge	70	1.00	0.00	7.00	6.00	-	0.00	203	1.00	-	3.00
Total Other Income / (Expense), net	-63	-62	-36	-66	-62	-55	-54	-45	-45	-47	-55
Interest Expense	68	69	69	69	67	66	65	61	60	62	61
Interest & Investment Income	3.00	7.00	34	6.00	5.00	11	11	13	14	17	5.00
Other Income / (Expense), net	2.00	-	-1.00	-3.00	0.00	-	0.00	3.00	1.00	-2.00	1.00
Income Tax Expense	1.00	-52	2.00	-12	1.00	33	0.00	3.00	2.00	2.00	-3.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	7.00	3.00	3.00	1.00	1.00	4.00	4.00	0.00	1.00	5.00
Basic Earnings per Share	($0.29)	$0.32	$0.26	$0.31	$0.13	$0.86	$0.13	($0.70)	$0.15	$0.14	$0.15
Weighted Average Basic Shares Outstanding	200M	207M	206M	209M	209M	214M	212M	215M	220M	228M	224M
Diluted Earnings per Share	($0.29)	$0.32	$0.26	$0.30	$0.13	$0.86	$0.13	($0.70)	$0.15	$0.14	$0.15
Weighted Average Diluted Shares Outstanding	200M	209M	208M	211M	211M	215M	212M	215M	221M	228M	224M
Weighted Average Basic & Diluted Shares Outstanding	199.89M	202.04M	206.40M	208.92M	210.60M	210.58M	209.98M	215.73M	215.63M	222.07M	224.84M
Cash Dividends to Common per Share	$0.25	-	$0.25	$0.25	$0.25	-	$0.15	$0.15	$0.15	-	$0.01

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-310	-189	176	-218	595	-39	46	29	206	70
Net Cash From Operating Activities	429	503	409	-137	-438	499	444	653	399	519
Net Cash From Continuing Operating Activities	429	503	409	-137	-438	499	445	653	399	519
Net Income / (Loss) Continuing Operations	226	106	173	-452	-1,444	316	477	2,631	139	299
Consolidated Net Income / (Loss)	226	106	173	-452	-1,444	316	477	2,631	139	299
Depreciation Expense	257	287	269	281	298	264	277	288	300	287
Amortization Expense	9.00	9.00	10	12	9.00	5.00	4.00	5.00	11	11
Non-Cash Adjustments To Reconcile Net Income	-50	-27	-58	70	625	-51	-183	62	34	-132
Changes in Operating Assets and Liabilities, net	-13	128	15	-48	74	-35	-130	-2,333	-85	54
Net Cash From Investing Activities	-166	-217	87	394	119	-635	419	-165	-224	252
Net Cash From Continuing Investing Activities	-166	-217	87	394	119	-635	419	-165	-224	252
Purchase of Property, Plant & Equipment	-227	-285	-168	-54	-86	-240	-178	-185	-227	-226
Acquisitions	0.00	-11	0.00	0.00	0.00	-914	-10	-	-	-1,402
Sale of Property, Plant & Equipment	31	116	143	454	207	429	369	-	-	1,866
Divestitures	0.00	3.00	101	0.00	1.00	51	150	-	-	-
Other Investing Activities, net	30	-40	11	-2.00	-3.00	39	88	2.00	-	-
Net Cash From Financing Activities	-573	-475	-320	-475	914	97	-816	-459	29	-697
Net Cash From Continuing Financing Activities	-573	-475	-320	-475	914	97	-816	-459	29	-697
Repayment of Debt	-683	-134	-153	-1,228	-1,144	-243	0.00	-55	-3,701	-883
Repurchase of Common Equity	-116	-180	-227	0.00	-66	0.00	-348	-	-	-
Payment of Dividends	-519	-159	-17	-6.00	-242	-503	-466	-392	-212	-88
Issuance of Debt	750	0.00	80	764	2,376	850	0.00	-	2,915	271
Other Financing Activities, net	-5.00	-2.00	-3.00	-5.00	-10	-7.00	-2.00	-12	1,027	3.00

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	-180	-78	34	74	-340	-36	-56	-33	-64	-61	133
Net Cash From Operating Activities	86	80	140	117	92	126	127	146	104	70	148
Net Cash From Continuing Operating Activities	86	80	140	117	92	126	127	147	103	70	148
Net Income / (Loss) Continuing Operations	-57	73	57	67	29	188	31	-146	33	35	40
Consolidated Net Income / (Loss)	-57	73	57	67	29	188	31	-146	33	35	40
Depreciation Expense	69	65	63	64	65	94	65	64	64	65	67
Amortization Expense	3.00	3.00	2.00	4.00	0.00	2.00	3.00	2.00	2.00	3.00	1.00
Non-Cash Adjustments To Reconcile Net Income	58	-10	-34	-1.00	-5.00	-230	5.00	207	-9.00	30	-7.00
Changes in Operating Assets and Liabilities, net	13	-51	52	-17	3.00	72	23	20	13	-63	47
Net Cash From Investing Activities	-77	-32	-13	-51	-70	-126	-71	-69	49	-53	-7.00
Net Cash From Continuing Investing Activities	-77	-32	-13	-51	-70	-126	-71	-69	49	-53	-7.00
Purchase of Property, Plant & Equipment	-77	-63	-43	-51	-70	-90	-71	-70	-54	-64	-52
Net Cash From Financing Activities	-189	-126	-93	8.00	-362	-36	-112	-110	-217	-78	-8.00
Net Cash From Continuing Financing Activities	-189	-126	-93	8.00	-362	-36	-112	-110	-217	-78	-8.00
Repayment of Debt	-2.00	-16	-2.00	-664	-1.00	-1.00	-2.00	-78	-53	-114	-2.00
Repurchase of Common Equity	-45	-56	-35	-25	0.00	-	-75	-	-105	-9.00	-
Payment of Dividends	-138	-54	-56	-52	-357	-35	-35	-32	-57	-5.00	-6.00
Other Financing Activities, net	-4.00	-	-	-1.00	-4.00	-	-	-	-2.00	-	-

This table presents Park Hotels & Resorts' 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	2021	2020	2019	2018	2017	2016
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016
Total Assets	9,161	9,419	9,731	9,743	10,587	11,290	9,363	9,714	9,834
Total Current Assets	602	888	1,093	819	1,016	609	645	537	525
Cash & Equivalents	402	717	906	688	951	346	410	364	337
Accounts Receivable	131	112	129	96	26	180	153	125	130
Prepaid Expenses	69	59	58	35	39	83	82	48	58
Plant, Property, & Equipment, net	7,398	7,459	8,301	8,511	9,193	9,594	7,975	8,311	8,541
Total Noncurrent Assets	1,161	1,072	337	413	378	1,087	743	866	768
Intangible Assets	41	42	43	44	45	46	27	41	44
Other Noncurrent Operating Assets	1,120	1,030	294	354	319	399	59	135	39
Total Liabilities & Shareholders' Equity	9,161	9,419	9,731	9,743	10,587	11,290	9,363	9,714	9,834
Total Liabilities	5,567	5,651	5,440	5,340	5,744	4,839	3,777	3,752	6,011
Total Current Liabilities	364	572	276	156	147	217	183	198	167
Accounts Payable	226	210	220	156	147	217	183	198	167
Dividends Payable	138	362	56	-	-	-	-	-	-
Total Noncurrent Liabilities	5,203	5,079	5,164	5,184	5,597	4,622	3,594	3,554	5,844
Long-Term Debt	3,841	3,765	3,892	4,672	5,121	3,871	2,948	2,961	3,012
Other Noncurrent Operating Liabilities	1,362	1,314	1,272	512	466	701	604	528	395
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,594	3,768	4,291	4,403	4,843	6,451	5,586	5,962	3,823
Total Preferred & Common Equity	3,645	3,814	4,339	4,452	4,893	6,496	5,632	6,011	3,872
Total Common Equity	3,645	3,814	4,339	4,452	4,893	6,496	5,632	6,011	3,872
Common Stock	4,065	4,158	4,323	4,535	4,521	4,577	3,591	3,827	-
Retained Earnings	-420	-344	16	-83	376	1,922	2,047	2,229	-
Noncontrolling Interest	-51	-46	-48	-49	-50	-45	-46	-49	-49

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

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	8,901	9,173	9,166	9,085	9,305	9,344	9,553	9,786
Total Current Assets	424	661	657	565	938	1,014	1,027	1,155
Cash & Equivalents	233	480	449	378	726	797	842	971
Accounts Receivable	125	124	133	125	149	134	130	144
Prepaid Expenses	66	57	75	62	63	83	55	40
Plant, Property, & Equipment, net	7,317	7,413	7,422	7,441	8,028	8,002	8,198	8,292
Total Noncurrent Assets	1,160	1,099	1,087	1,079	339	328	328	339
Intangible Assets	41	42	42	42	42	43	43	43
Other Noncurrent Operating Assets	1,119	1,057	1,045	1,037	297	285	285	292
Total Liabilities & Shareholders' Equity	8,901	9,173	9,166	9,085	9,305	9,344	9,553	9,786
Total Liabilities	5,465	5,466	5,430	5,343	5,365	5,331	5,365	5,467
Total Current Liabilities	266	297	288	280	429	279	244	254
Accounts Payable	212	240	230	223	293	279	244	254
Dividends Payable	54	57	58	57	-	-	-	-
Total Noncurrent Liabilities	5,199	5,169	5,142	5,063	4,936	5,052	5,121	5,213
Long-Term Debt	3,841	3,855	3,856	3,764	4,490	4,490	4,566	4,670
Other Noncurrent Operating Liabilities	1,358	1,314	1,286	1,299	221	562	555	543
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,436	3,707	3,736	3,742	3,940	4,013	4,188	4,319
Total Preferred & Common Equity	3,494	3,752	3,780	3,789	3,984	4,058	4,237	4,365
Total Common Equity	3,494	3,752	3,780	3,789	3,984	4,058	4,237	4,365
Common Stock	4,019	4,105	4,135	4,156	4,153	4,223	4,218	4,327
Retained Earnings	-525	-353	-355	-367	-169	-165	19	38
Noncontrolling Interest	-58	-45	-44	-47	-44	-45	-49	-46

This table displays calculated financial ratios and metrics derived from Park Hotels & Resorts' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.67%	7.88%	83.63%	59.86%	-85.02%	107.82%	-1.93%	2.35%	1.45%	0.00%
EBITDA Growth	1.56%	-4.17%	527.10%	111.76%	-222.97%	-16.29%	33.94%	-6.78%	-19.36%	0.00%
EBIT Growth	11.53%	-11.48%	310.75%	84.72%	-358.39%	-21.89%	64.31%	-7.56%	-31.55%	0.00%
NOPAT Growth	112.11%	-14.70%	336.23%	85.11%	-319.39%	-20.24%	-85.96%	1,199.61%	-37.28%	0.00%
Net Income Growth	113.21%	-38.73%	138.27%	68.70%	-556.96%	-33.75%	-81.87%	1,792.81%	-53.51%	0.00%
EPS Growth	129.55%	-38.03%	136.41%	68.09%	-524.31%	-37.66%	-81.08%	1,722.39%	-54.73%	0.00%
Operating Cash Flow Growth	-14.71%	22.98%	398.54%	68.72%	-187.78%	12.39%	-32.01%	63.66%	-23.12%	0.00%
Free Cash Flow Firm Growth	33.15%	-69.48%	166.10%	398.71%	106.78%	-268.23%	-35.49%	122.21%	0.00%	0.00%
Invested Capital Growth	-0.10%	-2.11%	-12.41%	-6.97%	-9.48%	23.12%	-4.73%	32.07%	0.00%	0.00%
Revenue Q/Q Growth	-1.22%	-0.30%	9.36%	33.01%	-80.61%	109.12%	0.00%	0.58%	0.00%	0.00%
EBITDA Q/Q Growth	-25.29%	52.73%	12.96%	284.48%	-67.90%	17.83%	2.67%	-5.17%	0.00%	0.00%
EBIT Q/Q Growth	-33.28%	126.80%	25.64%	47.75%	-42.34%	26.95%	4.51%	-6.62%	0.00%	0.00%
NOPAT Q/Q Growth	-1.84%	138.87%	42.11%	47.35%	-34.30%	2.27%	1.87%	-17.13%	0.00%	0.00%
Net Income Q/Q Growth	-33.72%	325.53%	136.99%	25.29%	-31.27%	28.98%	-1.24%	1.70%	0.00%	0.00%
EPS Q/Q Growth	-34.84%	257.14%	153.57%	25.29%	-32.25%	23.08%	3.13%	0.91%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-9.68%	12.53%	37.71%	47.10%	-253.23%	0.20%	-9.39%	15.99%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-59.38%	113.68%	144.37%	15.33%	-80.97%	6.17%	4.48%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.45%	-9.47%	-8.50%	0.24%	-0.29%	-2.35%	-1.82%	-1.41%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.66%	36.58%	36.63%	30.69%	14.91%	67.62%	35.04%	34.22%	33.52%	34.15%
EBITDA Margin	25.13%	23.83%	26.83%	7.86%	-106.81%	13.01%	32.30%	23.65%	25.96%	32.66%
Operating Margin	15.04%	12.71%	11.84%	-13.14%	-141.08%	7.49%	18.41%	13.29%	15.36%	21.80%
EBIT Margin	14.89%	12.86%	15.67%	-13.66%	-142.84%	8.28%	22.03%	13.15%	14.56%	21.58%
Profit (Net Income) Margin	8.70%	3.93%	6.92%	-33.19%	-169.48%	5.56%	17.43%	94.27%	5.10%	11.12%
Tax Burden Percent	136.97%	73.61%	100.00%	100.44%	99.59%	90.03%	95.40%	923.16%	62.90%	71.70%
Interest Burden Percent	42.64%	41.50%	44.13%	241.94%	119.15%	74.52%	82.92%	77.66%	55.67%	71.90%
Effective Tax Rate	-36.97%	26.39%	0.00%	0.00%	0.00%	9.97%	4.60%	-823.16%	37.10%	28.30%
Return on Invested Capital (ROIC)	7.46%	3.48%	3.77%	-1.44%	-8.88%	4.26%	5.81%	46.00%	8.21%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.40%	-1.06%	0.26%	-9.48%	-24.65%	2.00%	5.66%	14.91%	-1.39%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-1.33%	-0.85%	0.21%	-8.33%	-16.69%	0.99%	2.45%	7.78%	-0.94%	0.00%
Return on Equity (ROE)	6.14%	2.63%	3.98%	-9.78%	-25.57%	5.25%	8.26%	53.78%	7.27%	0.00%
Cash Return on Invested Capital (CROIC)	7.56%	5.62%	17.00%	5.78%	1.06%	-16.47%	10.66%	18.36%	-191.79%	0.00%
Operating Return on Assets (OROA)	4.17%	3.62%	4.03%	-1.83%	-11.13%	4.56%	6.32%	3.75%	4.04%	0.00%
Return on Assets (ROA)	2.43%	1.11%	1.78%	-4.45%	-13.20%	3.06%	5.00%	26.92%	1.41%	0.00%
Return on Common Equity (ROCE)	6.22%	2.66%	4.02%	-9.88%	-25.79%	5.29%	8.33%	54.31%	7.37%	0.00%
Return on Equity Simple (ROE_SIMPLE)	6.20%	2.78%	3.99%	-10.15%	-29.51%	4.86%	8.47%	43.77%	3.59%	0.00%
Net Operating Profit after Tax (NOPAT)	536	252	296	-125	-841	384	481	3,425	264	420
NOPAT Margin	20.61%	9.36%	11.84%	-9.20%	-98.76%	6.74%	17.57%	122.71%	9.66%	15.63%
Net Nonoperating Expense Percent (NNEP)	8.86%	4.54%	3.51%	8.04%	15.76%	2.26%	0.15%	31.09%	9.60%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	7.20%	3.35%	3.62%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	71.34%	63.42%	63.37%	69.31%	85.09%	32.38%	64.96%	65.78%	66.48%	65.85%
SG&A Expenses to Revenue	5.81%	5.49%	5.40%	8.15%	11.62%	1.09%	5.04%	4.69%	3.30%	3.68%
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	13.62%	23.87%	24.79%	43.83%	155.99%	10.07%	16.62%	20.92%	18.15%	12.35%
Earnings before Interest and Taxes (EBIT)	387	347	392	-186	-1,217	471	603	367	397	580
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	653	643	671	107	-910	740	884	660	708	878
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.80	0.77	0.48	0.83	0.68	0.75	0.68	0.67	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.81	0.78	0.49	0.83	0.69	0.83	0.76	0.75	0.00	0.00
Price to Revenue (P/Rev)	1.12	1.09	0.84	2.70	3.91	0.85	1.39	1.43	0.00	0.00
Price to Earnings (P/E)	13.70	30.18	12.98	0.00	0.00	1.54	8.07	1.52	0.00	0.00
Dividend Yield	9.95%	8.75%	2.99%	0.00%	13.45%	9.40%	15.27%	24.88%	0.00%	0.00%
Earnings Yield	7.30%	3.31%	7.70%	0.00%	0.00%	65.14%	12.40%	65.65%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.88	0.83	0.69	0.91	0.83	0.83	0.77	0.76	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	2.42	2.20	2.02	5.58	8.73	1.46	2.28	2.32	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	9.64	9.22	7.51	71.01	0.00	11.20	7.07	9.79	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	16.26	17.09	12.86	0.00	0.00	17.59	10.36	17.61	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	11.75	23.48	17.03	0.00	0.00	21.60	13.00	1.89	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	14.67	11.79	12.33	0.00	0.00	16.60	14.08	9.90	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	11.60	14.55	3.78	15.14	73.90	0.00	7.09	4.73	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.07	1.00	0.91	1.06	1.06	0.60	0.53	0.50	0.79	0.00
Long-Term Debt to Equity	1.07	1.00	0.91	1.06	1.06	0.60	0.53	0.50	0.79	0.00
Financial Leverage	0.95	0.80	0.81	0.88	0.68	0.50	0.43	0.52	0.68	0.00
Leverage Ratio	2.52	2.38	2.24	2.20	1.94	1.72	1.65	2.00	2.57	0.00
Compound Leverage Factor	1.08	0.99	0.99	5.32	2.31	1.28	1.37	1.55	1.43	0.00
Debt to Total Capital	51.66%	49.98%	47.56%	51.48%	51.40%	37.50%	34.54%	33.18%	44.07%	0.00%
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	51.66%	49.98%	47.56%	51.48%	51.40%	37.50%	34.54%	33.18%	44.07%	0.00%
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	-0.69%	-0.61%	-0.59%	-0.54%	-0.50%	-0.44%	-0.54%	-0.55%	-0.72%	0.00%
Common Equity to Total Capital	49.02%	50.63%	53.02%	49.06%	49.11%	62.93%	65.99%	67.37%	56.65%	0.00%
Debt to EBITDA	5.88	5.86	5.80	43.66	-5.63	5.23	3.33	4.49	4.25	0.00
Net Debt to EBITDA	5.27	4.74	4.45	37.09	-4.57	4.72	2.81	3.81	3.66	0.00
Long-Term Debt to EBITDA	5.88	5.86	5.80	43.66	-5.63	5.23	3.33	4.49	4.25	0.00
Debt to NOPAT	7.17	14.91	13.15	-37.29	-6.09	10.09	6.13	0.86	11.43	0.00
Net Debt to NOPAT	6.42	12.07	10.09	-31.68	-4.94	9.10	5.17	0.73	9.84	0.00
Long-Term Debt to NOPAT	7.17	14.91	13.15	-37.29	-6.09	10.09	6.13	0.86	11.43	0.00
Altman Z-Score	0.70	0.71	0.72	0.56	0.20	1.52	1.48	1.41	0.00	0.00
Noncontrolling Interest Sharing Ratio	-1.32%	-1.17%	-1.12%	-1.07%	-0.84%	-0.76%	-0.82%	-1.00%	-1.28%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.65	1.55	3.96	5.25	6.91	2.81	3.52	2.71	3.14	0.00
Quick Ratio	1.46	1.45	3.75	5.03	6.65	2.42	3.08	2.47	2.80	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	543	407	1,335	502	101	-1,483	882	1,367	-6,153	0.00
Operating Cash Flow to CapEx	218.88%	297.63%	1,636.00%	0.00%	0.00%	0.00%	0.00%	352.97%	175.77%	0.00%
Free Cash Flow to Firm to Interest Expense	1.98	1.62	5.40	1.94	0.47	-10.60	6.94	11.02	-34.00	0.00
Operating Cash Flow to Interest Expense	1.57	2.00	1.66	-0.53	-2.06	3.56	3.50	5.27	2.20	2.79
Operating Cash Flow Less CapEx to Interest Expense	0.85	1.33	1.55	1.02	-1.49	4.91	5.00	3.77	0.95	11.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.28	0.28	0.26	0.13	0.08	0.55	0.29	0.29	0.28	0.00
Accounts Receivable Turnover	21.39	22.39	22.23	22.33	8.27	34.16	19.69	21.89	20.98	0.00
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	0.35	0.34	0.30	0.15	0.09	0.65	0.34	0.33	0.32	0.00
Accounts Payable Turnover	8.50	7.96	8.43	6.23	3.98	9.21	9.33	10.06	10.86	0.00
Days Sales Outstanding (DSO)	17.06	16.30	16.42	16.35	44.13	10.68	18.54	16.67	17.40	0.00
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)	42.92	45.87	43.29	58.58	91.63	39.63	39.11	36.28	33.62	0.00
Cash Conversion Cycle (CCC)	-25.85	-29.56	-26.87	-42.23	-47.50	-28.95	-20.57	-19.61	-16.22	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,171	7,178	7,333	8,372	8,999	9,941	8,074	8,475	6,417	0.00
Invested Capital Turnover	0.36	0.37	0.32	0.16	0.09	0.63	0.33	0.37	0.85	0.00
Increase / (Decrease) in Invested Capital	-7.00	-155	-1,039	-627	-942	1,867	-401	2,058	6,417	0.00
Enterprise Value (EV)	6,292	5,929	5,041	7,598	7,435	8,285	6,249	6,463	0.00	0.00
Market Capitalization	2,904	2,927	2,103	3,678	3,329	4,840	3,807	3,999	0.00	0.00
Book Value per Share	$17.66	$18.16	$19.30	$18.83	$20.77	$27.14	$27.99	$27.98	$19.56	$0.00
Tangible Book Value per Share	$17.46	$17.96	$19.11	$18.64	$20.58	$24.41	$24.84	$24.97	$16.28	$0.00
Total Capital	7,435	7,533	8,183	9,075	9,964	10,322	8,534	8,923	6,835	0.00
Total Debt	3,841	3,765	3,892	4,672	5,121	3,871	2,948	2,961	3,012	0.00
Total Long-Term Debt	3,841	3,765	3,892	4,672	5,121	3,871	2,948	2,961	3,012	0.00
Net Debt	3,439	3,048	2,986	3,969	4,156	3,490	2,488	2,513	2,594	0.00
Capital Expenditures (CapEx)	196	169	25	-400	-121	-189	-191	185	227	-1,640
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-164	-401	-89	-25	-82	46	52	-25	21	0.00
Debt-free Net Working Capital (DFNWC)	238	316	817	663	869	392	462	339	358	0.00
Net Working Capital (NWC)	238	316	817	663	869	392	462	339	358	0.00
Net Nonoperating Expense (NNE)	310	146	123	327	603	68	3.82	794	125	121
Net Nonoperating Obligations (NNO)	3,577	3,410	3,042	3,969	4,156	3,490	2,488	2,513	2,594	0.00
Total Depreciation and Amortization (D&A)	266	296	279	293	307	269	281	293	311	298
Debt-free, Cash-free Net Working Capital to Revenue	-6.31%	-14.86%	-3.56%	-1.84%	-9.62%	0.81%	1.90%	-0.90%	0.77%	0.00%
Debt-free Net Working Capital to Revenue	9.16%	11.71%	32.67%	48.68%	102.00%	6.89%	16.88%	12.15%	13.13%	0.00%
Net Working Capital to Revenue	9.16%	11.71%	32.67%	48.68%	102.00%	6.89%	16.88%	12.15%	13.13%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.02	$0.44	$0.71	($1.95)	($6.11)	$1.44	$2.32	$12.38	$0.67	$1.48
Adjusted Weighted Average Basic Shares Outstanding	207M	214M	228M	236M	236M	212M	203M	211M	198M	198M
Adjusted Diluted Earnings per Share	$1.01	$0.44	$0.71	($1.95)	($6.11)	$1.44	$2.31	$12.21	$0.67	$1.48
Adjusted Weighted Average Diluted Shares Outstanding	209M	215M	228M	236M	236M	213M	204M	214M	198M	198M
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	202.04M	210.58M	222.07M	236.47M	236.38M	240.18M	201.55M	215.13M	198.50M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	278	392	202	-116	-391	429	388	277	272	318
Normalized NOPAT Margin	10.69%	14.51%	8.09%	-8.48%	-45.85%	7.55%	14.19%	9.93%	9.99%	11.82%
Pre Tax Income Margin	6.35%	5.34%	6.92%	-33.04%	-170.19%	6.17%	18.27%	10.21%	8.10%	15.51%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.41	1.38	1.59	-0.72	-5.71	3.36	4.75	2.96	2.19	3.12
NOPAT to Interest Expense	1.95	1.00	1.20	-0.49	-3.95	2.74	3.79	27.62	1.46	2.26
EBIT Less CapEx to Interest Expense	0.70	0.71	1.49	0.83	-5.15	4.71	6.25	1.47	0.94	11.94
NOPAT Less CapEx to Interest Expense	1.24	0.33	1.10	1.06	-3.38	4.09	5.29	26.13	0.20	11.08
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	229.65%	150.00%	9.83%	-1.33%	-16.76%	159.18%	97.69%	14.90%	152.52%	29.43%
Augmented Payout Ratio	280.97%	319.81%	141.04%	-1.33%	-21.33%	159.18%	170.65%	14.90%	152.52%	29.43%

This table displays calculated financial ratios and metrics derived from Park Hotels & Resorts' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	-1.41%	-4.87%	-4.42%	-3.92%	-1.39%	-1.20%	2.57%	2.73%	35.28%	47.45%	56.50%
EBITDA Growth	-48.41%	-59.41%	3.92%	741.38%	6.80%	148.00%	-4.97%	-110.28%	88.46%	105.48%	203.77%
EBIT Growth	-90.22%	-69.93%	10.59%	224.21%	13.58%	236.59%	-8.60%	-145.02%	1,250.00%	4,000.00%	589.47%
NOPAT Growth	-94.49%	22.89%	7.98%	314.87%	17.90%	195.48%	-14.54%	-158.02%	10,675.51%	5,575.68%	1,114.89%
Net Income Growth	-296.55%	-61.17%	83.87%	145.89%	-12.12%	437.14%	-22.50%	-194.81%	158.93%	153.85%	148.78%
EPS Growth	-323.08%	-62.79%	100.00%	142.86%	-13.33%	514.29%	-13.33%	-206.06%	162.50%	148.28%	141.67%
Operating Cash Flow Growth	-6.52%	-36.51%	10.24%	-19.86%	-11.54%	80.00%	-14.19%	-0.68%	136.36%	266.67%	124.24%
Free Cash Flow Firm Growth	-88.74%	-24.18%	418.69%	57.05%	75.69%	-65.15%	-61.14%	-36.21%	-21.51%	77.99%	-34.04%
Invested Capital Growth	-1.21%	-0.10%	-9.96%	-6.55%	-9.19%	-2.11%	-1.06%	-5.91%	-4.69%	-12.41%	-4.05%
Revenue Q/Q Growth	0.80%	-3.70%	-5.39%	7.36%	-2.74%	-3.24%	-4.90%	10.19%	-2.56%	0.45%	-4.75%
EBITDA Q/Q Growth	-46.36%	-5.03%	-14.52%	18.47%	-57.80%	143.14%	627.59%	-119.73%	-2.00%	-6.83%	-42.91%
EBIT Q/Q Growth	-89.16%	-11.70%	-20.34%	28.26%	-66.67%	224.71%	189.47%	-217.28%	-1.22%	-11.83%	-55.92%
NOPAT Q/Q Growth	-98.30%	214.37%	-37.73%	65.74%	-62.12%	176.22%	223.91%	-190.95%	-5.07%	-20.11%	-15.88%
Net Income Q/Q Growth	-178.08%	28.07%	-14.93%	131.03%	-84.57%	506.45%	121.23%	-542.42%	-5.71%	-12.50%	-74.03%
EPS Q/Q Growth	-190.63%	23.08%	-13.33%	130.77%	-84.88%	561.54%	118.57%	-566.67%	7.14%	-6.67%	-77.27%
Operating Cash Flow Q/Q Growth	7.50%	-42.86%	19.66%	27.17%	-26.98%	-0.79%	-13.01%	40.38%	48.57%	-52.70%	0.68%
Free Cash Flow Firm Q/Q Growth	-68.90%	-66.49%	35.16%	-20.04%	109.33%	129.29%	-59.08%	-10.56%	-58.48%	155.67%	-32.83%
Invested Capital Q/Q Growth	-1.02%	0.45%	-0.86%	0.22%	0.10%	-9.47%	2.89%	-2.60%	7.90%	-8.50%	-2.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.87%	8.48%	27.89%	39.65%	37.40%	37.29%	36.23%	37.82%	34.88%	37.14%	36.25%
EBITDA Margin	12.86%	24.16%	24.50%	27.11%	24.57%	56.62%	22.53%	-4.06%	22.69%	22.56%	24.32%
Operating Margin	1.11%	13.28%	14.64%	17.64%	14.40%	42.01%	12.52%	-13.73%	12.35%	12.63%	13.90%
EBIT Margin	1.43%	13.28%	14.48%	17.20%	14.40%	42.01%	12.52%	-13.31%	12.50%	12.33%	14.05%
Profit (Net Income) Margin	-9.05%	11.68%	8.78%	9.77%	4.54%	28.61%	4.57%	-20.45%	5.09%	5.26%	6.04%
Tax Burden Percent	101.79%	347.62%	96.61%	121.82%	96.67%	85.07%	100.00%	102.10%	94.29%	94.59%	108.11%
Interest Burden Percent	-622.22%	25.30%	62.77%	46.61%	32.61%	80.07%	36.47%	150.53%	43.21%	45.12%	39.78%
Effective Tax Rate	0.00%	-247.62%	3.39%	-21.82%	3.33%	14.93%	0.00%	0.00%	5.71%	5.41%	-8.11%
Return on Invested Capital (ROIC)	0.28%	16.72%	4.94%	7.67%	4.96%	13.29%	4.25%	-3.25%	3.83%	3.81%	4.20%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.46%	10.55%	4.00%	5.42%	3.29%	11.84%	2.84%	-5.29%	2.74%	2.54%	2.63%
Return on Net Nonoperating Assets (RNNOA)	-1.45%	10.02%	3.88%	5.01%	2.97%	9.48%	2.65%	-4.85%	2.50%	2.05%	2.27%
Return on Equity (ROE)	-1.16%	26.74%	8.82%	12.68%	7.93%	22.77%	6.90%	-8.10%	6.33%	5.85%	6.47%
Cash Return on Invested Capital (CROIC)	8.81%	7.56%	17.73%	13.97%	13.08%	5.62%	2.39%	7.48%	9.39%	17.00%	6.68%
Operating Return on Assets (OROA)	0.41%	3.72%	4.12%	4.95%	4.15%	11.84%	3.55%	-3.76%	3.47%	3.17%	3.28%
Return on Assets (ROA)	-2.61%	3.27%	2.50%	2.81%	1.31%	8.06%	1.29%	-5.77%	1.41%	1.35%	1.41%
Return on Common Equity (ROCE)	-1.18%	27.09%	8.92%	12.83%	8.02%	23.03%	6.97%	-8.19%	6.41%	5.92%	6.54%
Return on Equity Simple (ROE_SIMPLE)	4.01%	0.00%	9.09%	8.33%	2.69%	0.00%	-1.18%	-0.94%	6.18%	0.00%	1.67%
Net Operating Profit after Tax (NOPAT)	4.90	289	92	147	89	235	85	-69	75	79	99
NOPAT Margin	0.78%	46.16%	14.14%	21.49%	13.92%	35.74%	12.52%	-9.61%	11.64%	11.95%	15.02%
Net Nonoperating Expense Percent (NNEP)	1.74%	6.17%	0.94%	2.25%	1.67%	1.45%	1.41%	2.04%	1.10%	1.27%	1.57%
Return On Investment Capital (ROIC_SIMPLE)	0.07%	3.88%	-	-	-	3.12%	-	-	-	0.97%	-
Cost of Revenue to Revenue	64.13%	91.52%	72.11%	60.35%	62.60%	62.71%	63.77%	62.18%	65.12%	62.86%	63.75%
SG&A Expenses to Revenue	6.19%	5.92%	5.86%	5.54%	5.95%	5.63%	5.45%	5.32%	5.56%	5.26%	5.14%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.76%	-4.80%	13.25%	22.01%	23.00%	-4.72%	23.71%	51.54%	22.53%	24.51%	22.36%
Earnings before Interest and Taxes (EBIT)	9.00	83	94	118	92	276	85	-95	81	82	93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	81	151	159	186	157	372	153	-29	147	150	161
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.62	0.80	0.79	0.83	0.95	0.77	0.57	0.59	0.55	0.48	0.48
Price to Tangible Book Value (P/TBV)	0.62	0.81	0.79	0.84	0.96	0.78	0.58	0.60	0.56	0.49	0.48
Price to Revenue (P/Rev)	0.83	1.12	1.12	1.19	1.34	1.09	0.85	0.89	0.88	0.84	0.91
Price to Earnings (P/E)	16.99	13.70	8.85	10.31	39.25	30.18	0.00	0.00	9.31	12.98	34.26
Dividend Yield	13.11%	9.95%	10.78%	9.48%	7.68%	8.75%	6.60%	5.05%	3.98%	2.99%	0.32%
Earnings Yield	5.89%	7.30%	11.30%	9.70%	2.55%	3.31%	0.00%	0.00%	10.74%	7.70%	2.92%
Enterprise Value to Invested Capital (EV/IC)	0.80	0.88	0.88	0.91	0.97	0.83	0.79	0.78	0.76	0.69	0.72
Enterprise Value to Revenue (EV/Rev)	2.20	2.42	2.39	2.45	2.58	2.20	2.30	2.25	2.26	2.02	2.51
Enterprise Value to EBITDA (EV/EBITDA)	9.89	9.64	7.18	7.51	10.64	9.22	14.81	14.08	8.14	7.51	9.66
Enterprise Value to EBIT (EV/EBIT)	18.78	16.26	10.82	11.41	19.41	17.09	40.75	37.51	12.89	12.86	18.39
Enterprise Value to NOPAT (EV/NOPAT)	10.53	11.75	11.50	12.15	26.68	23.48	58.98	54.61	16.18	17.03	27.55
Enterprise Value to Operating Cash Flow (EV/OCF)	13.49	14.67	13.21	14.11	14.15	11.79	13.95	12.91	12.84	12.33	19.32
Enterprise Value to Free Cash Flow (EV/FCFF)	9.07	11.60	4.70	6.26	7.04	14.55	32.69	10.16	7.91	3.78	10.51
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.12	1.07	1.04	1.03	1.01	1.00	1.20	1.12	1.09	0.91	1.08
Long-Term Debt to Equity	1.12	1.07	1.04	1.03	1.01	1.00	1.20	1.12	1.09	0.91	1.08
Financial Leverage	0.99	0.95	0.97	0.92	0.90	0.80	0.93	0.92	0.91	0.81	0.86
Leverage Ratio	2.51	2.52	2.42	2.39	2.35	2.38	2.31	2.30	2.27	2.24	2.23
Compound Leverage Factor	-15.59	0.64	1.52	1.11	0.77	1.90	0.84	3.46	0.98	1.01	0.89
Debt to Total Capital	52.78%	51.66%	50.98%	50.79%	50.15%	49.98%	54.48%	52.80%	52.16%	47.56%	51.95%
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%	0.00%
Long-Term Debt to Total Capital	52.78%	51.66%	50.98%	50.79%	50.15%	49.98%	54.48%	52.80%	52.16%	47.56%	51.95%
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%	0.00%
Noncontrolling Interests to Total Capital	-0.80%	-0.69%	-0.60%	-0.58%	-0.63%	-0.61%	-0.51%	-0.53%	-0.56%	-0.59%	-0.51%
Common Equity to Total Capital	48.01%	49.02%	49.62%	49.79%	50.48%	50.63%	46.03%	47.72%	48.40%	53.02%	48.56%
Debt to EBITDA	6.66	5.88	4.41	4.44	5.76	5.86	11.20	10.47	6.17	5.80	7.86
Net Debt to EBITDA	6.25	5.27	3.86	3.93	5.19	4.74	9.48	8.61	5.03	4.45	6.22
Long-Term Debt to EBITDA	6.66	5.88	4.41	4.44	5.76	5.86	11.20	10.47	6.17	5.80	7.86
Debt to NOPAT	7.08	7.17	7.07	7.19	14.45	14.91	44.61	40.60	12.27	13.15	22.42
Net Debt to NOPAT	6.65	6.42	6.19	6.35	13.00	12.07	37.74	33.39	10.01	10.09	17.74
Long-Term Debt to NOPAT	7.08	7.17	7.07	7.19	14.45	14.91	44.61	40.60	12.27	13.15	22.42
Altman Z-Score	0.47	0.59	0.64	0.68	0.72	0.68	0.62	0.59	0.67	0.62	0.61
Noncontrolling Interest Sharing Ratio	-1.46%	-1.32%	-1.16%	-1.15%	-1.21%	-1.17%	-1.09%	-1.12%	-1.14%	-1.12%	-1.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.59	1.65	2.23	2.28	2.02	1.55	2.19	3.63	4.21	3.96	4.55
Quick Ratio	1.35	1.46	2.03	2.02	1.80	1.45	2.04	3.34	3.98	3.75	4.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	92	296	882	652	816	390	170	415	464	1,118	437
Operating Cash Flow to CapEx	111.69%	250.00%	325.58%	229.41%	131.43%	140.00%	178.87%	208.57%	0.00%	109.38%	2,114.29%
Free Cash Flow to Firm to Interest Expense	1.35	4.28	12.78	9.46	12.18	5.91	2.62	6.81	7.74	18.04	7.17
Operating Cash Flow to Interest Expense	1.26	1.16	2.03	1.70	1.37	1.91	1.95	2.39	1.73	1.13	2.43
Operating Cash Flow Less CapEx to Interest Expense	0.13	0.70	1.41	0.96	0.33	0.55	0.86	1.25	2.77	0.10	2.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.29	0.28	0.28	0.29	0.29	0.28	0.28	0.28	0.28	0.26	0.23
Accounts Receivable Turnover	20.72	21.39	19.27	19.93	21.09	22.39	18.47	19.00	22.63	22.23	22.20
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.35	0.35	0.34	0.35	0.34	0.34	0.33	0.33	0.32	0.30	0.27
Accounts Payable Turnover	8.54	8.50	6.36	6.52	7.23	7.96	6.28	6.96	7.67	8.43	5.97
Days Sales Outstanding (DSO)	17.62	17.06	18.94	18.31	17.31	16.30	19.76	19.21	16.13	16.42	16.44
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	42.73	42.92	57.42	55.99	50.46	45.87	58.14	52.42	47.61	43.29	61.19
Cash Conversion Cycle (CCC)	-25.11	-25.85	-38.49	-37.68	-33.15	-29.56	-38.38	-33.21	-31.48	-26.87	-44.75
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,098	7,171	7,139	7,201	7,185	7,178	7,929	7,706	7,912	7,333	8,014
Invested Capital Turnover	0.36	0.36	0.35	0.36	0.36	0.37	0.34	0.34	0.33	0.32	0.28
Increase / (Decrease) in Invested Capital	-87	-7.00	-790	-505	-727	-155	-85	-484	-389	-1,039	-338
Enterprise Value (EV)	5,708	6,292	6,276	6,518	6,950	5,929	6,234	6,040	6,021	5,041	5,739
Market Capitalization	2,158	2,904	2,946	3,155	3,611	2,927	2,289	2,392	2,346	2,103	2,090
Book Value per Share	$17.29	$17.66	$17.96	$17.95	$18.13	$18.16	$18.47	$18.82	$19.08	$19.30	$19.41
Tangible Book Value per Share	$17.09	$17.46	$17.76	$17.75	$17.93	$17.96	$18.27	$18.62	$18.89	$19.11	$19.22
Total Capital	7,277	7,435	7,562	7,592	7,506	7,533	8,655	8,503	8,754	8,183	8,989
Total Debt	3,841	3,841	3,855	3,856	3,764	3,765	4,715	4,490	4,566	3,892	4,670
Total Long-Term Debt	3,841	3,841	3,855	3,856	3,764	3,765	4,715	4,490	4,566	3,892	4,670
Net Debt	3,608	3,439	3,375	3,407	3,386	3,048	3,989	3,693	3,724	2,986	3,695
Capital Expenditures (CapEx)	77	32	43	51	70	90	71	70	-62	64	7.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-75	-164	-116	-80	-93	-401	-217	-62	-59	-89	-70
Debt-free Net Working Capital (DFNWC)	158	238	364	369	285	316	509	735	783	817	901
Net Working Capital (NWC)	158	238	364	369	285	316	509	735	783	817	901
Net Nonoperating Expense (NNE)	62	216	35	80	60	47	54	77	42	44	59
Net Nonoperating Obligations (NNO)	3,662	3,577	3,432	3,465	3,443	3,410	3,989	3,693	3,724	3,042	3,695
Total Depreciation and Amortization (D&A)	72	68	65	68	65	96	68	66	66	68	68
Debt-free, Cash-free Net Working Capital to Revenue	-2.90%	-6.31%	-4.41%	-3.01%	-3.46%	-14.86%	-8.02%	-2.31%	-2.21%	-3.56%	-3.06%
Debt-free Net Working Capital to Revenue	6.10%	9.16%	13.84%	13.87%	10.60%	11.71%	18.81%	27.33%	29.33%	32.67%	39.40%
Net Working Capital to Revenue	6.10%	9.16%	13.84%	13.87%	10.60%	11.71%	18.81%	27.33%	29.33%	32.67%	39.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.29)	$0.32	$0.26	$0.31	$0.13	$0.86	$0.13	($0.70)	$0.15	$0.14	$0.15
Adjusted Weighted Average Basic Shares Outstanding	200M	207M	206M	209M	209M	214M	212M	215M	220M	228M	224M
Adjusted Diluted Earnings per Share	($0.29)	$0.32	$0.26	$0.30	$0.13	$0.86	$0.13	($0.70)	$0.15	$0.14	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	200M	209M	208M	211M	211M	215M	212M	215M	221M	228M	224M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	199.89M	202.04M	206.40M	208.92M	210.60M	210.58M	209.98M	215.73M	215.63M	222.07M	224.84M
Normalized Net Operating Profit after Tax (NOPAT)	54	53	92	90	95	235	60	74	62	79	57
Normalized NOPAT Margin	8.56%	8.51%	14.14%	13.06%	14.83%	35.74%	8.76%	10.29%	9.60%	11.95%	8.57%
Pre Tax Income Margin	-8.89%	3.36%	9.09%	8.02%	4.69%	33.64%	4.57%	-20.03%	5.40%	5.56%	5.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.13	1.20	1.36	1.71	1.37	4.18	1.31	-1.56	1.35	1.32	1.52
NOPAT to Interest Expense	0.07	4.18	1.33	2.14	1.33	3.56	1.31	-1.12	1.26	1.28	1.63
EBIT Less CapEx to Interest Expense	-1.00	0.74	0.74	0.97	0.33	2.82	0.22	-2.70	2.38	0.29	1.41
NOPAT Less CapEx to Interest Expense	-1.06	3.72	0.71	1.40	0.28	2.19	0.22	-2.27	2.29	0.25	1.52
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	214.29%	229.65%	146.63%	152.06%	450.00%	150.00%	-274.47%	-263.16%	28.24%	9.83%	21.92%
Augmented Payout Ratio	329.29%	280.97%	164.22%	183.81%	523.53%	319.81%	-676.60%	-563.16%	131.68%	141.04%	320.55%

Frequently Asked Questions About Park Hotels & Resorts' Financials

When does Park Hotels & Resorts's financial year end?

According to the most recent income statement we have on file, Park Hotels & Resorts' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Park Hotels & Resorts' net income changed over the last 9 years?

Park Hotels & Resorts' net income appears to be on a downward trend, with a most recent value of $226 million in 2024, falling from $299 million in 2015. The previous period was $106 million in 2023. Check out Park Hotels & Resorts' forecast to explore projected trends and price targets.

What is Park Hotels & Resorts's operating income?

Park Hotels & Resorts's total operating income in 2024 was $391 million, based on the following breakdown:

Total Gross Profit: $745 million
Total Operating Expenses: $354 million

How has Park Hotels & Resorts revenue changed over the last 9 years?

Over the last 9 years, Park Hotels & Resorts' total revenue changed from $2.69 billion in 2015 to $2.60 billion in 2024, a change of -3.3%.

How much debt does Park Hotels & Resorts have?

Park Hotels & Resorts' total liabilities were at $5.57 billion at the end of 2024, a 1.5% decrease from 2023, and a 7.4% decrease since 2016.

How much cash does Park Hotels & Resorts have?

In the past 8 years, Park Hotels & Resorts' cash and equivalents has ranged from $337 million in 2016 to $951 million in 2020, and is currently $402 million as of their latest financial filing in 2024.

How has Park Hotels & Resorts' book value per share changed over the last 9 years?

Over the last 9 years, Park Hotels & Resorts' book value per share changed from 0.00 in 2015 to 17.66 in 2024, a change of 1,766.0%.

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This page (NYSE:PK) was last updated on 5/30/2025 by MarketBeat.com Staff

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Park Hotels & Resorts (PK) Financials

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Park Hotels & Resorts (PK) Financials

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