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Side-by-side financial comparison of Host Hotels & Resorts (HST) and PAR PACIFIC HOLDINGS, INC. (PARR). Click either name above to swap in a different company.

PAR PACIFIC HOLDINGS, INC. is the larger business by last-quarter revenue ($1.8B vs $1.6B, roughly 1.1× Host Hotels & Resorts). Host Hotels & Resorts runs the higher net margin — 8.4% vs 4.3%, a 4.1% gap on every dollar of revenue. On growth, Host Hotels & Resorts posted the faster year-over-year revenue change (12.3% vs -1.0%). Host Hotels & Resorts produced more free cash flow last quarter ($445.0M vs $66.3M). Over the past eight quarters, Host Hotels & Resorts's revenue compounded faster (4.4% CAGR vs -4.3%).

Host Hotels & Resorts, Inc., based in Bethesda, Maryland, is an American real estate investment trust that invests in hotels. As of December 31, 2024, the company owned 81 upscale hotels containing about 43,400 rooms in the United States, Brazil, and Canada.

Par Pacific Holdings is a Houston-based American oil and gas exploration and production company. Known as Par Petroleum Corporation after it emerged from bankruptcy, it was renamed Par Pacific Holdings on October 20, 2015. As of 2017 it was a Fortune 1000 corporation.

HST vs PARR — Head-to-Head

Bigger by revenue
PARR
PARR
1.1× larger
PARR
$1.8B
$1.6B
HST
Growing faster (revenue YoY)
HST
HST
+13.3% gap
HST
12.3%
-1.0%
PARR
Higher net margin
HST
HST
4.1% more per $
HST
8.4%
4.3%
PARR
More free cash flow
HST
HST
$378.7M more FCF
HST
$445.0M
$66.3M
PARR
Faster 2-yr revenue CAGR
HST
HST
Annualised
HST
4.4%
-4.3%
PARR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HST
HST
PARR
PARR
Revenue
$1.6B
$1.8B
Net Profit
$135.0M
$77.7M
Gross Margin
Operating Margin
12.0%
5.5%
Net Margin
8.4%
4.3%
Revenue YoY
12.3%
-1.0%
Net Profit YoY
25.0%
239.5%
EPS (diluted)
$0.20
$1.40

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HST
HST
PARR
PARR
Q4 25
$1.6B
$1.8B
Q3 25
$1.3B
$2.0B
Q2 25
$1.6B
$1.9B
Q1 25
$1.6B
$1.7B
Q4 24
$1.4B
$1.8B
Q3 24
$1.3B
$2.1B
Q2 24
$1.5B
$2.0B
Q1 24
$1.5B
$2.0B
Net Profit
HST
HST
PARR
PARR
Q4 25
$135.0M
$77.7M
Q3 25
$161.0M
$262.6M
Q2 25
$221.0M
$59.5M
Q1 25
$248.0M
$-30.4M
Q4 24
$108.0M
$-55.7M
Q3 24
$82.0M
$7.5M
Q2 24
$239.0M
$18.6M
Q1 24
$268.0M
$-3.8M
Operating Margin
HST
HST
PARR
PARR
Q4 25
12.0%
5.5%
Q3 25
7.6%
17.8%
Q2 25
17.5%
5.1%
Q1 25
17.9%
-0.9%
Q4 24
11.0%
-2.6%
Q3 24
10.2%
1.7%
Q2 24
19.9%
2.4%
Q1 24
19.8%
0.5%
Net Margin
HST
HST
PARR
PARR
Q4 25
8.4%
4.3%
Q3 25
12.1%
13.0%
Q2 25
13.9%
3.1%
Q1 25
15.6%
-1.7%
Q4 24
7.6%
-3.0%
Q3 24
6.2%
0.3%
Q2 24
16.3%
0.9%
Q1 24
18.2%
-0.2%
EPS (diluted)
HST
HST
PARR
PARR
Q4 25
$0.20
$1.40
Q3 25
$0.23
$5.16
Q2 25
$0.32
$1.17
Q1 25
$0.35
$-0.57
Q4 24
$0.15
$-0.98
Q3 24
$0.12
$0.13
Q2 24
$0.34
$0.32
Q1 24
$0.38
$-0.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HST
HST
PARR
PARR
Cash + ST InvestmentsLiquidity on hand
$768.0M
$164.1M
Total DebtLower is stronger
$1.3B
$802.9M
Stockholders' EquityBook value
$6.6B
$1.5B
Total Assets
$13.0B
$3.8B
Debt / EquityLower = less leverage
0.19×
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HST
HST
PARR
PARR
Q4 25
$768.0M
$164.1M
Q3 25
$539.0M
$159.1M
Q2 25
$490.0M
$169.2M
Q1 25
$428.0M
$133.7M
Q4 24
$554.0M
$191.9M
Q3 24
$564.0M
$183.0M
Q2 24
$805.0M
$179.7M
Q1 24
$1.3B
$228.3M
Total Debt
HST
HST
PARR
PARR
Q4 25
$1.3B
$802.9M
Q3 25
$967.1M
Q2 25
$1.1B
Q1 25
$1.2B
Q4 24
$896.0M
$1.1B
Q3 24
$1.0B
Q2 24
$1.1B
Q1 24
$639.5M
Stockholders' Equity
HST
HST
PARR
PARR
Q4 25
$6.6B
$1.5B
Q3 25
$6.7B
$1.4B
Q2 25
$6.6B
$1.1B
Q1 25
$6.7B
$1.1B
Q4 24
$6.6B
$1.2B
Q3 24
$6.7B
$1.3B
Q2 24
$6.8B
$1.3B
Q1 24
$6.7B
$1.3B
Total Assets
HST
HST
PARR
PARR
Q4 25
$13.0B
$3.8B
Q3 25
$13.0B
$4.1B
Q2 25
$13.0B
$3.9B
Q1 25
$12.9B
$3.8B
Q4 24
$13.0B
$3.8B
Q3 24
$13.1B
$3.9B
Q2 24
$12.4B
$3.9B
Q1 24
$12.5B
$3.8B
Debt / Equity
HST
HST
PARR
PARR
Q4 25
0.19×
0.53×
Q3 25
0.69×
Q2 25
0.97×
Q1 25
1.04×
Q4 24
0.14×
0.93×
Q3 24
0.83×
Q2 24
0.84×
Q1 24
0.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HST
HST
PARR
PARR
Operating Cash FlowLast quarter
$543.0M
$93.8M
Free Cash FlowOCF − Capex
$445.0M
$66.3M
FCF MarginFCF / Revenue
27.8%
3.7%
Capex IntensityCapex / Revenue
6.1%
1.5%
Cash ConversionOCF / Net Profit
4.02×
1.21×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$296.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HST
HST
PARR
PARR
Q4 25
$543.0M
$93.8M
Q3 25
$218.0M
$219.4M
Q2 25
$444.0M
$133.6M
Q1 25
$305.0M
$-1.4M
Q4 24
$331.0M
$-15.5M
Q3 24
$349.0M
$78.5M
Q2 24
$453.0M
$-4.7M
Q1 24
$365.0M
$25.4M
Free Cash Flow
HST
HST
PARR
PARR
Q4 25
$445.0M
$66.3M
Q3 25
$143.0M
$187.1M
Q2 25
$381.0M
$85.5M
Q1 25
$259.0M
$-42.3M
Q4 24
$235.0M
$-63.1M
Q3 24
$262.0M
$50.2M
Q2 24
$409.0M
$-41.6M
Q1 24
$332.0M
$2.8M
FCF Margin
HST
HST
PARR
PARR
Q4 25
27.8%
3.7%
Q3 25
10.7%
9.3%
Q2 25
24.0%
4.5%
Q1 25
16.2%
-2.4%
Q4 24
16.5%
-3.4%
Q3 24
19.9%
2.3%
Q2 24
27.9%
-2.1%
Q1 24
22.6%
0.1%
Capex Intensity
HST
HST
PARR
PARR
Q4 25
6.1%
1.5%
Q3 25
5.6%
1.6%
Q2 25
4.0%
2.5%
Q1 25
2.9%
2.3%
Q4 24
6.7%
2.6%
Q3 24
6.6%
1.3%
Q2 24
3.0%
1.8%
Q1 24
2.2%
1.1%
Cash Conversion
HST
HST
PARR
PARR
Q4 25
4.02×
1.21×
Q3 25
1.35×
0.84×
Q2 25
2.01×
2.25×
Q1 25
1.23×
Q4 24
3.06×
Q3 24
4.26×
10.48×
Q2 24
1.90×
-0.25×
Q1 24
1.36×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HST
HST

Segment breakdown not available.

PARR
PARR

Distillates$750.6M41%
Gasoline$603.9M33%
Other Refined Products$348.8M19%
Logistics$73.7M4%
Other Revenues$44.8M2%

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