NYSE · Financial Statements

Park Hotels & Resorts Inc. (PK) Financial Statements

$16.35 NYSE: PK Market Cap $3.29B

Park Hotels & Resorts Inc. most recently reported annual revenue of $2.5B, a net loss of $283.0M. Revenue grew at an average annual rate of 24.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Park Hotels & Resorts Inc.: Revenue fell from $2.7B in 2016 to $2.5B in 2025, a change of -6.8% over 9 years; net profit was positive in 7 of 10 reported years; operating margin moved from 15.4% to 8.9%, a shift of -6.5 percentage points; the most recent year shows a net loss of $283.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$2.7B$2.8B$2.7B$2.8B$852.0M$1.4B$2.5B$2.7B$2.6B$2.5B
Operating Expenses$2.3B$2.4B$2.2B$2.4B$2.1B$1.5B$2.2B$2.4B$2.2B$2.3B
Operating Profit$419.0M$371.0M$504.0M$426.0M$-1.2B$-179.0M$296.0M$343.0M$391.0M$226.0M
Operating Margin15.4%13.3%18.4%15.0%-141.1%-13.1%11.8%12.7%15.0%8.9%
Other Income$-198.0M$-86.0M$-4.0M$-75.0M$-248.0M$-271.0M$-123.0M$-199.0M$-226.0M$-496.0M
Interest$181.0M$124.0M$127.0M$140.0M$213.0M$258.0M$247.0M$252.0M$274.0M$267.0M
Depreciation$2.3B$2.4B$2.3B$264.0M$298.0M$281.0M$269.0M$287.0M$257.0M$336.0M
Profit Before Tax$221.0M$285.0M$500.0M$351.0M$-1.4B$-450.0M$173.0M$144.0M$165.0M$-270.0M
Tax$37.1M$-823.2M$4.6M$10.0M$410,000$-440,000$0$26.4M$-37.0M$-2.6M
Net Profit$133.0M$2.6B$472.0M$306.0M$-1.4B$-459.0M$162.0M$97.0M$212.0M$-283.0M
EPS$0.67$12.21$2.31$1.44$-6.12$-1.94$0.71$0.44$1.01$-1.42
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$679.0M$657.0M$639.0M$686.0M$649.0M$625.0M$630.0M$672.0M$610.0M$629.0M$622.0M$680.0M
Operating Expenses$594.0M$381.0M$547.0M$565.0M$554.0M$542.0M$623.0M$607.0M$551.0M$534.0M$554.0M$561.0M
Operating Profit$85.0M$276.0M$92.0M$121.0M$95.0M$83.0M$7.0M$65.0M$59.0M$95.0M$68.0M$119.0M
Operating Margin12.5%42.0%14.4%17.6%14.6%13.3%1.1%9.7%9.7%15.1%10.9%17.5%
Interest$65.0M$66.0M$67.0M$69.0M$69.0M$69.0M$68.0M$69.0M$53.0M$77.0M$51.0M$52.0M
Profit Before Tax$31.0M$221.0M$30.0M$55.0M$59.0M$21.0M$-56.0M$-1.0M$-8.0M$-205.0M$13.0M$55.0M
Tax$0$14.9M$3.3M$-21.8M$3.4M$-247.6M$-1.8M$-100.0M$-75.0M$490,000$7.7M$9.1M
Net Profit$27.0M$187.0M$28.0M$64.0M$54.0M$66.0M$-57.0M$-5.0M$-16.0M$-205.0M$11.0M$47.0M
EPS$0.13$0.88$0.13$0.30$0.26$0.32$-0.29$-0.02$-0.08$-1.03$0.05$0.24

Over the 10 years reported for Park Hotels & Resorts Inc., borrowings increased from $3.0B in 2016 to $4.3B in 2025, cash stood at $232.0M in the latest year, shareholders' equity was $2.0M, current assets covered current liabilities 0.28 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$9.8B$9.7B$9.4B$11.3B$10.6B$9.7B$9.7B$9.4B$9.2B$7.7B
Current Assets$538.0M$589.0M$660.0M$720.0M$1.0B$894.0M$1.1B$1.7B$1.5B$454.0M
Cash$293.0M$364.0M$410.0M$346.0M$951.0M$688.0M$906.0M$717.0M$402.0M$232.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$130.0M$125.0M$153.0M$180.0M$26.0M$96.0M$129.0M$872.0M$951.0M$116.0M
Fixed Assets$8.5B$8.3B$8.0B$9.8B$9.4B$8.7B$8.5B$7.7B$7.6B$7.1B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$81.0M$84.0M$50.0M$35.0M$14.0M$15.0M$1.0M$0$0$7.0B
Other Assets$604.0M$606.0M$607.0M$607.0M$0$0$0$0$0$0
Total Liabilities$6.0B$3.8B$3.8B$4.8B$5.7B$5.3B$5.4B$5.7B$5.6B$4.6B
Current Liabilities$468.0M$494.0M$455.0M$376.0M$836.0M$267.0M$417.0M$738.0M$597.0M$1.6B
Borrowings$3.0B$3.0B$2.9B$4.8B$5.4B$5.0B$4.9B$4.7B$4.8B$4.3B
Other Liabilities$3.0B$791.0M$829.0M$38.0M$379.0M$363.0M$589.0M$938.0M$776.0M$367.0M
Equity$3.9B$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Reserves$3.9B$6.0B$5.6B$6.5B$4.9B$4.5B$4.3B$3.8B$3.6B$3.1B

For Park Hotels & Resorts Inc., operating cash flow was positive in 8 of 10 reported years; free cash flow in the latest year was $102.0M; free cash flow was positive in 8 of 10 years; financing activities used $76.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$399.0M$653.0M$444.0M$499.0M$-438.0M$-137.0M$409.0M$503.0M$429.0M$398.0M
Investing Cash Flow$-422.0M$-351.0M$231.0M$-875.0M$33.0M$340.0M$-81.0M$-502.0M$-393.0M$-505.0M
Financing Cash Flow$974.0M$-21.0M$-352.0M$-34.0M$-116.0M$230.0M$-237.0M$-190.0M$-139.0M$-76.0M
Net Cash Flow$221.0M$29.0M$46.0M$-39.0M$595.0M$-218.0M$176.0M$-189.0M$-310.0M$-176.0M
Free Cash Flow$172.0M$468.0M$256.0M$259.0M$-524.0M$-191.0M$241.0M$218.0M$202.0M$102.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.03
EV / EBITDA18.38
FCF Yield7.29%
Quick Ratio0.28
Interest Coverage1.46
Return 1Y46.36%
Return 3Y62.42%
Return 5Y19.40%

Park Hotels & Resorts Inc. (PK) financials — frequently asked questions

What is Park Hotels & Resorts Inc.'s annual revenue?

Park Hotels & Resorts Inc. (PK) reported annual revenue of $2.5B in its most recent fiscal year.

What is Park Hotels & Resorts Inc.'s net profit?

Park Hotels & Resorts Inc. (PK) reported a net loss of $283.0M in its most recent fiscal year.

What is PK EV/EBITDA?

Park Hotels & Resorts Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 18.38.

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