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Sunstone Hotel Investors, Inc. (SHO)

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Sunstone Hotel Investors, Inc. (SHO) reported revenue of $277 million for Q2 FY2026, the quarter ended 30 June 2026, up 6.7% on the same quarter a year earlier. Net income was $26 million, up 281.5% on the year, and diluted earnings per share $0.14. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$277 millionup 6.7%
Net income$26 millionup 281.5%
Diluted EPS$0.14
QuarterQ2 FY2026ended 30 June 2026

Sunstone Hotel Investors (SHO) in brief

Sunstone Hotel Investors (SHO) reported revenue of $960 million for fiscal 2025, the year ended 31 December 2025, up 6.0% on the year before.
Read moreNet income was $8 million and diluted earnings per share $0.04. Revenue was $906 million in fiscal 2024, $986 million in fiscal 2023, $912 million in fiscal 2022 and $509 million in fiscal 2021. Net income in the same years was $28 million, $192 million, $73 million and $14 million. Over the twelve months to 30 June 2026, Sunstone Hotel Investors reported revenue of $1.0 billion and net income of $42 million. Revenue grew 29.1% a year, compounded, over the five years to fiscal 2025. Sunstone Hotel Investors declared $0.36 a share in dividends over the last four quarters and had 186 million shares outstanding at the latest filed count. At 30 June 2026 it carried $980 million of debt and $94 million of cash. At the close of 9 October 2026 the market cap of Sunstone Hotel Investors was $2.1 billion, 51.4 times its earnings over the last twelve months.

Ratios

From the filings

ROE2.2%
ROCE3.2%
Operating margin9.1%
Net margin4.2%
FCF margin9.8%
Interest cover1.82
Debt to equity0.52
Cash conversion4.73
Share count, 1 year-2.2%
Sales CAGR, 3 years1.7%
Profit CAGR, 3 years-51.6%
EPS, TTM$0.22

At the close of 9 October 2026

Price$11.30
Market cap$2.1 billion
Stock P/E51.36
Price to book1.12
EV / EBITDA13.10
Dividend yield3.2%
Market cap / sales2.09
52-week high$11.92
52-week low$8.73
Price, 1 year25.4%
Price CAGR, 3 years6.1%
Price CAGR, 5 years-2.0%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the total debt Sunstone Hotel Investors, Inc. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
SHOgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SHO

Filings16 in twelve months: 8 current reports (8-K), about 4 results of operations; 2 regulation FD disclosure; 2 officer or director change; 1 other events; 1 shareholder vote
Planned insider sales2 Form 144 notices in twelve months, $3.9 million; latest 24 June 2026
Options tapeput/call 0.06 by open interest at the 9 October 2026 close; the straddle prices a 17.2% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Geode Capital Management; 6 Schedule 13D or 13G filings in twelve months
Insider trading1 sale and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest16.0 million shares short, 7.99 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue248219217247226215234260229237260277
Operating income26.818.617.335.516.49.416.530.411.916.928.434.2
Operating margin11%8%8%14%7%4%7%12%5%7%11%12%
Interest expense11.916.811.012.716.010.412.713.213.413.711.311.8
Pre-tax income16.213012.226.42.80.85.410.81.57.218.726.2
Tax rate4%2%-7%1%n/an/an/an/an/an/an/an/a
Net income12.31239.322.4-0.7-3.11.36.8-3.03.215.925.9
Net margin5%56%4%9%-0%-1%1%3%-1%1%6%9%
Diluted EPS$0.06$0.60$0.05$0.11$0.00-$0.02$0.01$0.03-$0.02$0.02$0.08$0.14
Operating cash flow61.829.438.554.846.630.532.058.754.436.645.462.0
Capital expenditure24.736.227.741.041.647.128.227.917.729.431.022.4
Free cash flow37.0-6.810.813.85.1-16.63.830.936.77.314.439.6
Buybacks14.020.9n/an/a22.7n/a8.090.52.31.929.111.4
Dividends paid14.717.629.817.422.521.323.121.221.820.322.719.9
Shares outstanding206m203m204m203m201m201m200m190m190m190m187m186m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Revenue1,1891,1941,1591,1152685099129869069601,003
Operating income189186299137-394-88.195.911978.675.791.4
Operating margin15.9%15.6%25.8%12.3%-147.0%-17.3%10.5%12.0%8.7%7.9%9.1%
Interest expense50.351.847.754.253.330.932.051.750.153.050.2
Pre-tax income140138261143-40433.191.121142.224.853.5
Income tax-0.6-7.81.8-0.26.60.10.44.6-1.10.2n/a
Effective tax rate-0.4%-5.6%0.7%-0.1%n/a0.3%0.4%2.2%-2.6%0.9%n/a
Net income117132236122-41813.672.619227.88.241.9
Net margin9.9%11.0%20.4%10.9%-155.9%2.7%8.0%19.4%3.1%0.9%4.2%
Diluted EPS$0.55$0.59$1.05$0.54-$1.93$0.06$0.34$0.93$0.14$0.04$0.22
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Room61955958360.7%
Food and beverage27825627929.0%
Other operating89.790.598.810.3%
RoomFood and beverageOther operating
986FY2023906FY2024960FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Operating cash flow288307305291-11728.4209198170182198
Capital expenditure18211515996.051.463.7129110157103100
Free cash flow106192146195-168-35.380.888.013.078.798.1
Free cash flow margin8.9%16.1%12.6%17.5%-62.8%-6.9%8.9%8.9%1.4%8.2%9.8%
Cash from investing-143-139156-47.1114-240-166258-386-48.8-67.4
Cash from financing-283-46.2-159-241-446-42.1-49.2-120-97.5-128-72.3
Depreciation and amortisation163159146148137129126127125135137
Share-based compensation7.28.09.09.39.612.810.910.810.58.79.3
Buybacksn/an/an/a50.1104n/a10856.427.210344.7
Dividends paidn/a16317817015613.724.859.891.086.484.6
Dividend per share$0.68$0.73$0.69$0.74$0.05n/a$0.10$0.30$0.34$0.36n/a
Diluted shares, weightedn/an/an/an/a216m216m213m206m203m194m186m
Shares outstanding at period end220m225m228m225m216m219m209m203m201m190m186m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016 †FY2017 †FY2018FY2019FY2020FY2021FY2022 †FY2023FY2024FY2025TTM
Funded by
Shareholders' equity2,4832,5342,6632,5752,0492,1992,0852,1672,1041,9451,881
Non-controlling interest49.148.447.746.240.740.8n/an/an/an/an/a
Debt936990983975748611816819845930980
Operating lease liabilitiesn/an/an/a49.730.025.114.4n/an/an/an/a
Finance lease liabilitiesn/an/a27.015.615.6n/an/an/an/an/an/a
Other liabilities271285252258103165167164158154174
Total liabilities and equity3,7393,8583,9733,9192,9863,0413,0833,1493,1073,0293,035
Owned
Fixed assets0.80.68.47.66.85.93.73.12.31.61.3
Goodwill1.01.01.0n/an/an/an/an/an/an/an/a
Cash and equivalents37048880981736812010142610710994.4
Receivables39.334.233.835.28.628.742.1n/an/an/an/a
Inventory1.21.31.1n/an/an/an/an/an/an/an/a
Other assets3,3273,3333,1193,0592,6022,8862,9362,7202,9972,9182,939
Total assets3,7393,8583,9733,9192,9863,0413,0833,1493,1073,0293,035
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a29.1%1.7%7.3%
Profit growth, compoundedn/an/a-51.6%907.5%
Return on equity, average1.8%2.9%3.5%0.4%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Sunstone Hotel Investors' revenue in fiscal 2025?

Sunstone Hotel Investors (SHO) reported revenue of $960 million for fiscal 2025, the year ended 31 December 2025, up 6.0% on the year before.

How much did Sunstone Hotel Investors earn in fiscal 2025?

Net income was $8 million for fiscal 2025, and diluted earnings per share $0.04.

What is Sunstone Hotel Investors' P/E ratio?

At the close of 9 October 2026, Sunstone Hotel Investors traded at 51.4 times its earnings over the twelve months to 30 June 2026.

What is Sunstone Hotel Investors' market cap?

The market cap of Sunstone Hotel Investors was $2.1 billion at the close of 9 October 2026.

Does Sunstone Hotel Investors pay a dividend?

Yes. Sunstone Hotel Investors declared $0.36 a share in dividends over the four quarters to 30 June 2026.

Peers: Restaurants, Hotels, Motels

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Marriott International Inc. MAR$95.4 billion37.92n/a15.8%4.7%n/a0.7%
Hilton Worldwide Holdings Inc. HLT$73.7 billion47.95n/a23.3%8.7%n/a0.2%
InterContinental Hotels Group PLC IHG *$24.4 billion33.05n/a23.1%5.4%n/a1.1%
Las Vegas Sands Corp. LVS$23.4 billion14.07297.2%21.5%18.1%23.572.8%
Hyatt Hotels Corp. H$15.7 billion197.462.4%n/a5.8%1.110.4%
Wynn Resorts Ltd. WYNN$7.8 billion18.65n/a15.7%6.4%n/a1.3%
MGM Resorts International MGM$7.4 billion17.7316.9%5.7%3.2%2.410.0%
Caesars Entertainment, Inc. CZR$6.0 billionn/a-13.8%15.9%2.4%3.50n/a
Wyndham Hotels & Resorts, Inc. WH$5.5 billion27.2343.3%30.2%-2.1%5.532.2%
Boyd Gaming Corp. BYD$5.0 billion3.0372.7%16.4%1.7%1.051.0%
Choice Hotels International Inc. CHH$4.8 billion14.92230.9%25.2%2.6%14.081.1%
Travel & Leisure Co. TNL$3.8 billion17.12n/a13.7%4.5%n/a3.7%
All 36 in Restaurants, Hotels, Motels
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
McDonald's Corp. MCD$166.5 billion19.11n/a46.2%6.3%n/a3.0%
Starbucks Corp. SBUX$103.5 billion52.16n/a7.8%4.5%n/a2.7%
Marriott International Inc. MAR$95.4 billion37.92n/a15.8%4.7%n/a0.7%
Hilton Worldwide Holdings Inc. HLT$73.7 billion47.95n/a23.3%8.7%n/a0.2%
Chipotle Mexican Grill Inc. CMG$40.0 billion28.9764.5%14.7%7.3%0.00n/a
Yum! Brands, Inc. YUM$39.5 billion18.22n/a31.0%10.3%n/a2.0%
InterContinental Hotels Group PLC IHG *$24.4 billion33.05n/a23.1%5.4%n/a1.1%
Las Vegas Sands Corp. LVS$23.4 billion14.07297.2%21.5%18.1%23.572.8%
Darden Restaurants Inc. DRI$22.4 billion19.3257.2%11.7%8.1%0.793.0%
Hyatt Hotels Corp. H$15.7 billion197.462.4%n/a5.8%1.110.4%
Aramark ARMK$14.5 billion38.4211.3%4.4%11.0%1.800.8%
Texas Roadhouse, Inc. TXRH$10.6 billion25.8326.5%7.7%9.9%0.031.7%
Brinker International, Inc. EAT$8.2 billion17.80109.8%10.7%7.9%0.950.6%
Wynn Resorts Ltd. WYNN$7.8 billion18.65n/a15.7%6.4%n/a1.3%
MGM Resorts International MGM$7.4 billion17.7316.9%5.7%3.2%2.410.0%
Cava Group, Inc. CAVA$6.3 billion97.587.9%5.2%26.8%0.00n/a
Caesars Entertainment, Inc. CZR$6.0 billionn/a-13.8%15.9%2.4%3.50n/a
Dutch Bros Inc. BROS$5.9 billion52.8511.6%9.6%29.6%0.25n/a
Wyndham Hotels & Resorts, Inc. WH$5.5 billion27.2343.3%30.2%-2.1%5.532.2%
Cheesecake Factory Inc. CAKE$5.4 billion29.3934.4%5.3%5.7%1.081.0%
Boyd Gaming Corp. BYD$5.0 billion3.0372.7%16.4%1.7%1.051.0%
Choice Hotels International Inc. CHH$4.8 billion14.92230.9%25.2%2.6%14.081.1%
Travel & Leisure Co. TNL$3.8 billion17.12n/a13.7%4.5%n/a3.7%
Wingstop Inc. WING$3.3 billion29.04n/a27.9%7.6%n/a0.9%
Park Hotels & Resorts Inc. PK$3.1 billionn/a-5.3%2.0%-1.4%1.276.6%
Red Rock Resorts, Inc. RRR$2.9 billion17.5098.7%27.7%0.9%20.832.0%
Shake Shack Inc. SHAK$2.8 billion71.197.3%3.6%17.3%0.46n/a
Hilton Grand Vacations Inc. HGV$2.7 billion19.5213.7%9.9%5.4%4.42n/a
Sunstone Hotel Investors, Inc. SHO$2.1 billion51.362.2%9.1%7.3%0.523.2%
Penn Entertainment, Inc. PENN$2.1 billionn/a-48.7%-7.9%6.1%1.51n/a
Monarch Casino & Resort Inc. MCRI$2.0 billion18.3319.9%25.1%5.1%0.001.0%
Xenia Hotels & Resorts, Inc. XHR$1.7 billionn/a-0.7%6.7%1.6%1.223.1%
Cracker Barrel OLD Country Store, Inc. CBRL$1.3 billion41.046.6%-0.4%-4.7%0.711.7%
BJs Restaurants Inc. BJRI$1.3 billion31.9910.3%2.7%3.5%0.110.8%
Wendy's Co. WEN$1.2 billion9.47104.6%13.6%-1.0%22.8210.7%
Papa Johns International Inc. PZZA$649 million24.99n/a4.3%-5.6%n/a9.3%
17 companies share its SEC industry code (Hotels & Motels); the rest are the names nearest in size in its wider industry, Restaurants, Hotels, Motels, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20257 November 2025EDGAR
10-Q30 June 20256 August 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202421 February 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 20247 August 2024EDGAR
10-Q31 March 20246 May 2024EDGAR

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