HST HOST HOTELS & RESORTS, INC.

Overview and Growth

In fiscal 2025, HOST HOTELS & RESORTS, INC. recorded $6.11B of revenue, net income of $765.00M, and an operating cash inflow of $1.51B. Revenue of $6.11B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 7.6% above fiscal 2024 revenue of $5.68B, marking a year-over-year increase. Diluted earnings per share were $1.10, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 11.1% increase from fiscal 2024 diluted EPS of $0.99. Diluted shares averaged 694.10M; this is the reported share base over which the company’s diluted per-share earnings were spread. Total assets stood at $13.05B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 0.47x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The reported operating result was $855.00M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 14.0% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. Net income came to $765.00M, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 12.5%, meaning that this portion of revenue remained as net income after all recognized expenses. Reported EBITDA totaled $1.65B, adding a pre-interest, tax, depreciation, and amortization perspective to the profitability profile. The earnings statement records $818.00M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 13.4%, relating income before taxes directly to revenue. The company recognized $42.00M of income tax for the period, completing the transition from pretax income to net income. Relative to pretax income, the tax provision measured 5.1%, quantifying the portion of pre-tax earnings paid in income tax. Net income equaled 11.7% of period-end equity, showing the earnings generated on shareholders’ book capital. Return on period-end assets was 5.9%, connecting net income with the company’s total asset base. Against $697.00M in fiscal 2024, the current $765.00M bottom line finished above the prior-year result in absolute terms.

Liquidity and Capital Structure

Total assets were $13.05B, supported by $6.32B of liabilities and $6.56B of shareholder equity. The company held $768.00M in cash and equivalents, a narrower liquidity measure than total current assets. The company carried $1.27B of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.19x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 9.8% of total assets, placing borrowing in the context of the company’s full resource base. The equity-to-assets relationship was 50.3%, placing book capital against the total resource base. Relative to total assets, liabilities measured 48.4%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 5.9%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 0.0% from $13.05B in fiscal 2024, leaving current total assets higher year over year. Book equity was 0.8% lower than fiscal 2024 equity of $6.61B, showing how shareholder capital changed year over year. The reported cash balance changed 38.6% from $554.00M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $1.51B, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 1.97x, showing the relationship between accrual earnings and operating cash.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.