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Side-by-side financial comparison of Host Hotels & Resorts (HST) and VEON Ltd. (VEON). Click either name above to swap in a different company.

Host Hotels & Resorts is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.5× VEON Ltd.). VEON Ltd. runs the higher net margin — 55.9% vs 8.4%, a 47.5% gap on every dollar of revenue. On growth, Host Hotels & Resorts posted the faster year-over-year revenue change (12.3% vs 5.8%).

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.

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

HST vs VEON — Head-to-Head

Bigger by revenue
HST
HST
1.5× larger
HST
$1.6B
$1.1B
VEON
Growing faster (revenue YoY)
HST
HST
+6.4% gap
HST
12.3%
5.8%
VEON
Higher net margin
VEON
VEON
47.5% more per $
VEON
55.9%
8.4%
HST

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
HST
HST
VEON
VEON
Revenue
$1.6B
$1.1B
Net Profit
$135.0M
$608.0M
Gross Margin
Operating Margin
12.0%
75.4%
Net Margin
8.4%
55.9%
Revenue YoY
12.3%
5.8%
Net Profit YoY
25.0%
583.1%
EPS (diluted)
$0.20
$0.34

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
VEON
VEON
Q4 25
$1.6B
Q3 25
$1.3B
Q2 25
$1.6B
$1.1B
Q1 25
$1.6B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$1.5B
$1.0B
Q1 24
$1.5B
Net Profit
HST
HST
VEON
VEON
Q4 25
$135.0M
Q3 25
$161.0M
Q2 25
$221.0M
$608.0M
Q1 25
$248.0M
Q4 24
$108.0M
Q3 24
$82.0M
Q2 24
$239.0M
$89.0M
Q1 24
$268.0M
Operating Margin
HST
HST
VEON
VEON
Q4 25
12.0%
Q3 25
7.6%
Q2 25
17.5%
75.4%
Q1 25
17.9%
Q4 24
11.0%
Q3 24
10.2%
Q2 24
19.9%
27.1%
Q1 24
19.8%
Net Margin
HST
HST
VEON
VEON
Q4 25
8.4%
Q3 25
12.1%
Q2 25
13.9%
55.9%
Q1 25
15.6%
Q4 24
7.6%
Q3 24
6.2%
Q2 24
16.3%
8.7%
Q1 24
18.2%
EPS (diluted)
HST
HST
VEON
VEON
Q4 25
$0.20
Q3 25
$0.23
Q2 25
$0.32
$0.34
Q1 25
$0.35
Q4 24
$0.15
Q3 24
$0.12
Q2 24
$0.34
$0.04
Q1 24
$0.38

Balance Sheet & Financial Strength

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

Metric
HST
HST
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$768.0M
$1.3B
Total DebtLower is stronger
$1.3B
Stockholders' EquityBook value
$6.6B
$1.5B
Total Assets
$13.0B
$8.5B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HST
HST
VEON
VEON
Q4 25
$768.0M
Q3 25
$539.0M
Q2 25
$490.0M
$1.3B
Q1 25
$428.0M
Q4 24
$554.0M
Q3 24
$564.0M
Q2 24
$805.0M
$862.0M
Q1 24
$1.3B
Total Debt
HST
HST
VEON
VEON
Q4 25
$1.3B
Q3 25
Q2 25
Q1 25
Q4 24
$896.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HST
HST
VEON
VEON
Q4 25
$6.6B
Q3 25
$6.7B
Q2 25
$6.6B
$1.5B
Q1 25
$6.7B
Q4 24
$6.6B
Q3 24
$6.7B
Q2 24
$6.8B
$1.1B
Q1 24
$6.7B
Total Assets
HST
HST
VEON
VEON
Q4 25
$13.0B
Q3 25
$13.0B
Q2 25
$13.0B
$8.5B
Q1 25
$12.9B
Q4 24
$13.0B
Q3 24
$13.1B
Q2 24
$12.4B
$7.3B
Q1 24
$12.5B
Debt / Equity
HST
HST
VEON
VEON
Q4 25
0.19×
Q3 25
Q2 25
Q1 25
Q4 24
0.14×
Q3 24
Q2 24
Q1 24

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
VEON
VEON
Operating Cash FlowLast quarter
$543.0M
Free Cash FlowOCF − Capex
$445.0M
FCF MarginFCF / Revenue
27.8%
Capex IntensityCapex / Revenue
6.1%
Cash ConversionOCF / Net Profit
4.02×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HST
HST
VEON
VEON
Q4 25
$543.0M
Q3 25
$218.0M
Q2 25
$444.0M
Q1 25
$305.0M
Q4 24
$331.0M
Q3 24
$349.0M
Q2 24
$453.0M
Q1 24
$365.0M
Free Cash Flow
HST
HST
VEON
VEON
Q4 25
$445.0M
Q3 25
$143.0M
Q2 25
$381.0M
Q1 25
$259.0M
Q4 24
$235.0M
Q3 24
$262.0M
Q2 24
$409.0M
Q1 24
$332.0M
FCF Margin
HST
HST
VEON
VEON
Q4 25
27.8%
Q3 25
10.7%
Q2 25
24.0%
Q1 25
16.2%
Q4 24
16.5%
Q3 24
19.9%
Q2 24
27.9%
Q1 24
22.6%
Capex Intensity
HST
HST
VEON
VEON
Q4 25
6.1%
Q3 25
5.6%
Q2 25
4.0%
Q1 25
2.9%
Q4 24
6.7%
Q3 24
6.6%
Q2 24
3.0%
Q1 24
2.2%
Cash Conversion
HST
HST
VEON
VEON
Q4 25
4.02×
Q3 25
1.35×
Q2 25
2.01×
Q1 25
1.23×
Q4 24
3.06×
Q3 24
4.26×
Q2 24
1.90×
Q1 24
1.36×

Financial Flow Comparison

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

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