Host Hotels & Resorts, Inc.HST
NasdaqGS•Real Estate•REIT - Hotel & Motel
Host Hotels & Resorts, Inc., herein referred to as we, Host Inc., or the Company, is a self-managed and self-administered real estate investment trust that owns hotel property. We conduct our operations as an umbrella partnership, REIT, through an operating partnership, Host Hotels & Resorts, L.P., of which we are the sole general partner. When distinguishing between Host Inc. and Host LP, the primary difference is approximately 1% of the partnership interests in Host LP held by outside partners as of December 31, 2025, which are non-controlling interests in Host LP in our consolidated balance sheets and are included in net (income) loss attributable to non-controlling interests in our condensed consolidated statements of operations. Host Hotels & Resorts, Inc. is incorporated in 1927 and is based in Bethesda, Maryland.
Host Hotels & Resorts, Inc. (HST) reported trailing twelve months revenue of $6.17B as of March 2026, a 6.2% increase year-over-year. Quarterly revenue reached $1.65B, reflecting continued top-line momentum.
Host Hotels & Resorts, Inc. generated $1.01B in TTM net income, with quarterly EBITDA of $509.00M. The operating margin expanded from 17.9% to 19.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (19.4%) and net margin (30.0%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 15.6% a year ago, signaling stronger bottom-line efficiency.
HST trades at a P/E of 12.9x (below the broader market average) and a P/S of 2.1x. The price-to-book ratio of 1.9x reflects a moderate premium to book value.
The company generated $291.00M in free cash flow over the trailing twelve months, a 12.4% increase year-over-year, indicating cash generation ability. The balance sheet shows $13.15B in total assets with $5.08B in long-term debt against $6.83B in stockholders equity for a debt-to-equity ratio of 0.7. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~14.4% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~11.2% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~12.6% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~14.1% — no sign of cost or pricing stress.
FCF covers net income by 1.8x on average — earnings are well-supported by cash generation.
D/E ratio is 0.7 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 2.4% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation