Park Hotels & Resorts Inc.PKEarnings & Financial Report
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
PK Q4 2025 Key Financial Metrics
Revenue
$629.0M
Gross Profit
N/A
Operating Profit
$-164.0M
Net Profit
$-205.0M
Gross Margin
N/A
Operating Margin
-26.1%
Net Margin
-32.6%
YoY Growth
0.6%
EPS
$-1.04
Financial Flow
Park Hotels & Resorts Inc. Q4 2025 Financial Summary
Park Hotels & Resorts Inc. reported revenue of $629.0M (up 0.6% YoY) for Q4 2025, with a net profit of $-205.0M (down 410.6% YoY) (-32.6% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $629.0M |
|---|---|
| Net Profit | $-205.0M |
| Gross Margin | N/A |
| Operating Margin | -26.1% |
| Report Period | Q4 2025 |
Revenue Breakdown
Park Hotels & Resorts Inc. Q4 2025 revenue of $629.0M breaks down across 4 segments, led by Occupancy at $371.0M (59.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Occupancy | $371.0M | 59.0% |
| Food And Beverage | $173.0M | 27.5% |
| Ancillary Hotel | $61.0M | 9.7% |
| Hotel Other | $24.0M | 3.8% |
Park Hotels & Resorts Inc. Revenue by Segment — Quarterly Trend
Park Hotels & Resorts Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Occupancy and Food And Beverage) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Occupancy | $371.0M | $370.0M | $401.0M | $363.0M |
| Food And Beverage | $173.0M | $150.0M | $180.0M | $182.0M |
| Ancillary Hotel | $61.0M | $67.0M | $68.0M | $63.0M |
| Hotel Other | $24.0M | $23.0M | $23.0M | $22.0M |
Park Hotels & Resorts Inc. Annual Revenue by Year
Park Hotels & Resorts Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.5B). Click any linked year to see what changed vs the prior annual report.
Park Hotels & Resorts Inc. Quarterly Revenue & Net Profit History
Park Hotels & Resorts Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $629.0M | +0.6% | $-205.0M | -32.6% |
| Q3 2025 | $610.0M | -6.0% | $-16.0M | -2.6% |
| Q2 2025 | $672.0M | -2.0% | $-5.0M | -0.7% |
| Q1 2025 | $630.0M | -1.4% | $-57.0M | -9.0% |
| Q4 2024 | $625.0M | -4.9% | $66.0M | 10.6% |
| Q3 2024 | $649.0M | -4.4% | $54.0M | 8.3% |
| Q2 2024 | $686.0M | -3.9% | $64.0M | 9.3% |
| Q1 2024 | $639.0M | -1.4% | $28.0M | 4.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $639.0M | $686.0M | $649.0M | $625.0M | $630.0M | $672.0M | $610.0M | $629.0M |
| YoY Growth | -1.4% | -3.9% | -4.4% | -4.9% | -1.4% | -2.0% | -6.0% | 0.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $9.09B | $9.17B | $9.17B | $9.16B | $8.90B | $8.87B | $8.83B | $7.70B |
| Liabilities | $5.34B | $5.43B | $5.47B | $5.57B | $5.46B | $5.48B | $5.50B | $4.62B |
| Equity | $3.79B | $3.78B | $3.75B | $3.65B | $3.49B | $3.44B | $3.38B | $3.13B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $92.0M | $117.0M | $140.0M | $80.0M | $86.0M | $108.0M | $99.0M | $105.0M |