PK Park Hotels & Resorts Inc.

Overview and Growth

In fiscal 2025, Park Hotels & Resorts Inc. recorded $2.54B of revenue, net loss of $283.00M, and an operating cash inflow of $398.00M. The $2.54B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $2.60B in fiscal 2024, revenue decreased 2.2%, a top-line contraction that reduced operating scale. The company reported diluted EPS of -$1.43, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 241.6% decrease from fiscal 2024 diluted EPS of $1.01. The diluted weighted-average share count was 199.00M, linking total earnings with the per-share result received by shareholders. At period end, total assets were $7.70B, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.33x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The company recorded an operating loss of $33.00M after the reported operating expense base. Relative to revenue, the operating deficit measured 1.3%, showing the shortfall after operating costs. After all below-operating-line items, the company recorded a net loss of $283.00M for the fiscal year. Measured against revenue, the bottom-line deficit represented 11.1% after all recognized items. EBITDA was $303.00M, supplying an additional view of reported operating earnings before interest, taxes, depreciation, and amortization. The pretax result was a loss of $270.00M, establishing the deficit before tax effects. Pretax margin was -10.6%, reflecting a pre-tax loss equal to 10.6% of revenue. The company recognized $7.00M of income tax for the period, completing the transition from pretax income to net income. The loss-to-equity relationship was 9.2%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 3.7%. A $283.00M net loss replaced fiscal 2024 net income of $212.00M.

Liquidity and Capital Structure

At period end, the $7.70B asset base was financed through $4.62B of liabilities and $3.08B of equity. Reported cash and equivalents were $232.00M, separating immediately recognizable cash resources from the rest of the current-asset base. Borrowings totaled $3.86B, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 1.25x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 50.1%, showing how much of the asset base was matched by borrowing. Equity equaled 39.9% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 60.1%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 3.0% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 15.9% from $9.16B in fiscal 2024, leaving current total assets lower year over year. Against $3.59B of equity in fiscal 2024, the current book-equity balance moved 14.4% and ended lower. Compared with $402.00M in fiscal 2024, the current cash balance moved 42.3% and finished lower.

Cash Flow and Earnings Quality

The company reported $398.00M of operating cash flow, a cash inflow that shows the cash generated by operations. The cash-flow statement records $296.00M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 74.4% of operating cash flow, quantifying the share of cash from operations directed to investment. The combination of operating cash flow and capital spending produced $102.00M of positive free cash flow for the period. Free cash flow represented 4.0% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 1.3% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.