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Side-by-side financial comparison of Park Hotels & Resorts Inc. (PK) and Tri Pointe Homes, Inc. (TPH). Click either name above to swap in a different company.

Tri Pointe Homes, Inc. is the larger business by last-quarter revenue ($972.6M vs $630.0M, roughly 1.5× Park Hotels & Resorts Inc.). Tri Pointe Homes, Inc. runs the higher net margin — 6.2% vs 1.9%, a 4.3% gap on every dollar of revenue. On growth, Park Hotels & Resorts Inc. posted the faster year-over-year revenue change (-1.3% vs -22.4%). Over the past eight quarters, Tri Pointe Homes, Inc.'s revenue compounded faster (1.8% CAGR vs -4.2%).

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.

Tri Pointe Homes, Inc. is a home construction company headquartered in Incline Village, Nevada. It also offers financing and insurance services to homebuyers. It operates in Arizona, California, Nevada, Washington, Colorado, Texas, the District of Columbia, Maryland, North Carolina, South Carolina, and Virginia. The company is the 18th largest home construction company in the United States based on the number of homes closed.

PK vs TPH — Head-to-Head

Bigger by revenue
TPH
TPH
1.5× larger
TPH
$972.6M
$630.0M
PK
Growing faster (revenue YoY)
PK
PK
+21.2% gap
PK
-1.3%
-22.4%
TPH
Higher net margin
TPH
TPH
4.3% more per $
TPH
6.2%
1.9%
PK
Faster 2-yr revenue CAGR
TPH
TPH
Annualised
TPH
1.8%
-4.2%
PK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PK
PK
TPH
TPH
Revenue
$630.0M
$972.6M
Net Profit
$12.0M
$60.2M
Gross Margin
Operating Margin
9.8%
8.1%
Net Margin
1.9%
6.2%
Revenue YoY
-1.3%
-22.4%
Net Profit YoY
121.1%
-53.4%
EPS (diluted)
$0.05
$0.70

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
PK
PK
TPH
TPH
Q1 26
$630.0M
Q4 25
$629.0M
$972.6M
Q3 25
$610.0M
$854.7M
Q2 25
$672.0M
$902.4M
Q1 25
$630.0M
$740.9M
Q4 24
$625.0M
$1.3B
Q3 24
$649.0M
$1.1B
Q2 24
$686.0M
$1.2B
Net Profit
PK
PK
TPH
TPH
Q1 26
$12.0M
Q4 25
$-205.0M
$60.2M
Q3 25
$-16.0M
$56.1M
Q2 25
$-5.0M
$60.7M
Q1 25
$-57.0M
$64.0M
Q4 24
$66.0M
$129.2M
Q3 24
$54.0M
$111.8M
Q2 24
$64.0M
$118.0M
Operating Margin
PK
PK
TPH
TPH
Q1 26
9.8%
Q4 25
-26.1%
8.1%
Q3 25
9.7%
8.1%
Q2 25
9.7%
8.5%
Q1 25
1.1%
10.4%
Q4 24
13.3%
13.4%
Q3 24
14.6%
12.6%
Q2 24
17.6%
12.9%
Net Margin
PK
PK
TPH
TPH
Q1 26
1.9%
Q4 25
-32.6%
6.2%
Q3 25
-2.6%
6.6%
Q2 25
-0.7%
6.7%
Q1 25
-9.0%
8.6%
Q4 24
10.6%
10.3%
Q3 24
8.3%
9.8%
Q2 24
9.3%
10.2%
EPS (diluted)
PK
PK
TPH
TPH
Q1 26
$0.05
Q4 25
$-1.04
$0.70
Q3 25
$-0.08
$0.64
Q2 25
$-0.02
$0.68
Q1 25
$-0.29
$0.70
Q4 24
$0.32
$1.37
Q3 24
$0.26
$1.18
Q2 24
$0.30
$1.25

Balance Sheet & Financial Strength

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

Metric
PK
PK
TPH
TPH
Cash + ST InvestmentsLiquidity on hand
$156.0M
$982.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.1B
$3.3B
Total Assets
$5.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PK
PK
TPH
TPH
Q1 26
$156.0M
Q4 25
$232.0M
$982.8M
Q3 25
$278.0M
$792.0M
Q2 25
$319.0M
$622.6M
Q1 25
$233.0M
$812.9M
Q4 24
$402.0M
$970.0M
Q3 24
$480.0M
$676.0M
Q2 24
$449.0M
$492.9M
Total Debt
PK
PK
TPH
TPH
Q1 26
Q4 25
$3.9B
Q3 25
$3.9B
Q2 25
$3.9B
Q1 25
$3.9B
Q4 24
$3.9B
$646.5M
Q3 24
$3.9B
Q2 24
$3.9B
Stockholders' Equity
PK
PK
TPH
TPH
Q1 26
$3.1B
Q4 25
$3.1B
$3.3B
Q3 25
$3.4B
$3.3B
Q2 25
$3.4B
$3.3B
Q1 25
$3.5B
$3.3B
Q4 24
$3.6B
$3.3B
Q3 24
$3.8B
$3.2B
Q2 24
$3.8B
$3.1B
Total Assets
PK
PK
TPH
TPH
Q1 26
Q4 25
$7.7B
$5.0B
Q3 25
$8.8B
$5.0B
Q2 25
$8.9B
$4.8B
Q1 25
$8.9B
$4.8B
Q4 24
$9.2B
$4.9B
Q3 24
$9.2B
$4.8B
Q2 24
$9.2B
$4.6B
Debt / Equity
PK
PK
TPH
TPH
Q1 26
Q4 25
1.23×
Q3 25
1.14×
Q2 25
1.12×
Q1 25
1.11×
Q4 24
1.06×
0.19×
Q3 24
1.03×
Q2 24
1.03×

Cash Flow & Capital Efficiency

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

Metric
PK
PK
TPH
TPH
Operating Cash FlowLast quarter
$221.0M
Free Cash FlowOCF − Capex
$213.2M
FCF MarginFCF / Revenue
21.9%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
3.67×
TTM Free Cash FlowTrailing 4 quarters
$128.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PK
PK
TPH
TPH
Q1 26
Q4 25
$105.0M
$221.0M
Q3 25
$99.0M
$45.9M
Q2 25
$108.0M
$-74.3M
Q1 25
$86.0M
$-31.2M
Q4 24
$80.0M
$360.3M
Q3 24
$140.0M
$167.9M
Q2 24
$117.0M
$23.1M
Free Cash Flow
PK
PK
TPH
TPH
Q1 26
Q4 25
$-3.0M
$213.2M
Q3 25
$31.0M
$39.1M
Q2 25
$65.0M
$-84.5M
Q1 25
$9.0M
$-39.3M
Q4 24
$17.0M
$355.9M
Q3 24
$97.0M
$161.5M
Q2 24
$66.0M
$17.0M
FCF Margin
PK
PK
TPH
TPH
Q1 26
Q4 25
-0.5%
21.9%
Q3 25
5.1%
4.6%
Q2 25
9.7%
-9.4%
Q1 25
1.4%
-5.3%
Q4 24
2.7%
28.4%
Q3 24
14.9%
14.1%
Q2 24
9.6%
1.5%
Capex Intensity
PK
PK
TPH
TPH
Q1 26
Q4 25
17.2%
0.8%
Q3 25
11.1%
0.8%
Q2 25
6.4%
1.1%
Q1 25
12.2%
1.1%
Q4 24
10.1%
0.3%
Q3 24
6.6%
0.6%
Q2 24
7.4%
0.5%
Cash Conversion
PK
PK
TPH
TPH
Q1 26
Q4 25
3.67×
Q3 25
0.82×
Q2 25
-1.22×
Q1 25
-0.49×
Q4 24
1.21×
2.79×
Q3 24
2.59×
1.50×
Q2 24
1.83×
0.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PK
PK

Comparable Hotel Revenues$617.0M98%
Other$13.0M2%

TPH
TPH

West$547.8M56%
Central$245.1M25%
East$161.8M17%
Financial Services Segment$18.0M2%
Land$7.9M1%

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