HOST HOTELS & RESORTS, INC（HST）の決算・業績分析
HOST HOTELS & RESORTS, INCの2025年有価証券報告書をAI分析。売上高$6.1B(+7.6%)。営業利益$855M。Real Estate。
目次
HOST HOTELS & RESORTS, INCの2025年度 業績サマリー
HOST HOTELS & RESORTS, INC（証券コード: HST）の2025年度決算・業績分析。売上高は$6.1B（前年比+7.6%）。営業利益は$855M（前年比-2.3%）。純利益は$765M（前年比+9.8%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
HOST HOTELS & RESORTS, INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged to $4.9B (+69.8% YoY) in FY2024, driven by post-pandemic recovery and strong hotel operations (XBRL).
- Net income skyrocketed to $633M (+5854.5% YoY), reflecting significant cost management and operational efficiency (XBRL).
- Net debt remains exceptionally low at $79M (0.1x EBITDA), highlighting a strong balance sheet and financial flexibility (XBRL).
HOST HOTELS & RESORTS, INCの売上高変化の要因
- •Revenue grew to $4.9B in FY2024, a 69.8% increase YoY, driven by recovery in travel demand and strong performance across its hotel portfolio (XBRL). The 5-year revenue CAGR is -0.8%, reflecting volatility in prior years (XBRL). Operating income surged to $775M (+410.0% YoY), indicating improved profitability from hotel operations (XBRL). The company's focus on resorts, convention hotels, and high-end urban properties has positioned it to benefit from pent-up demand in the post-pandemic era (10-K).
HOST HOTELS & RESORTS, INCの営業利益変化の要因
- •Operating margin expanded to 15.8%, while net margin reached 12.9% in FY2024 (XBRL). Operating income increased by 410.0% YoY, and EBITDA stood at $1.4B (29.3% of revenue) (XBRL). Net income grew dramatically to $633M (+5854.5% YoY), reflecting significant cost controls and improved hotel occupancy rates (XBRL). Gross profit data is not available in the provided XBRL data (N/A).
HOST HOTELS & RESORTS, INCの事業リスクと対応
Cyclical lodging industry tied to economic conditions, with revenue sensitivity to GDP and travel demand (10-K).
Natural disasters (e.g., wildfires, hurricanes) and pandemics disrupting occupancy rates (10-K).
Geopolitical conflicts, trade tensions, and global economic slowdowns affecting travel (10-K).
Inflation and rising interest rates increasing operating expenses and debt costs (10-K).
Labor shortages, rising wages, and workplace rule changes elevating operational costs (10-K).
HOST HOTELS & RESORTS, INCの事業内容
HOST HOTELS & RESORTS, INC. is a publicly traded lodging REIT that owns and operates a geographically diverse portfolio of luxury and upper-upscale hotels in the U.S. and internationally (10-K). The company generates revenue primarily through hotel operations, including room rentals and ancillary services (10-K). Key products include luxury and upper-upscale hotels operated under brands like Marriott and Hyatt, as well as non-controlling interests in lodging joint ventures (10-K). The company's competitive advantages include a geographically diverse portfolio, strong scale with an integrated enterprise analytics platform, and an investment-grade balance sheet (10-K).
HOST HOTELS & RESORTS, INCのAI業績分析レポート（2024年度）
Host Hotels & Resorts, Inc. (HST) FY2024 Annual Report Analysis
Highlights
Business Overview
HOST HOTELS & RESORTS, INC. is a publicly traded lodging REIT that owns and operates a geographically diverse portfolio of luxury and upper-upscale hotels in the U.S. and internationally (10-K). The company generates revenue primarily through hotel operations, including room rentals and ancillary services (10-K). Key products include luxury and upper-upscale hotels operated under brands like Marriott and Hyatt, as well as non-controlling interests in lodging joint ventures (10-K). The company's competitive advantages include a geographically diverse portfolio, strong scale with an integrated enterprise analytics platform, and an investment-grade balance sheet (10-K).
Revenue Analysis
Revenue grew to $4.9B in FY2024, a 69.8% increase YoY, driven by recovery in travel demand and strong performance across its hotel portfolio (XBRL). The 5-year revenue CAGR is -0.8%, reflecting volatility in prior years (XBRL). Operating income surged to $775M (+410.0% YoY), indicating improved profitability from hotel operations (XBRL). The company's focus on resorts, convention hotels, and high-end urban properties has positioned it to benefit from pent-up demand in the post-pandemic era (10-K).
Profitability Analysis
Operating margin expanded to 15.8%, while net margin reached 12.9% in FY2024 (XBRL). Operating income increased by 410.0% YoY, and EBITDA stood at $1.4B (29.3% of revenue) (XBRL). Net income grew dramatically to $633M (+5854.5% YoY), reflecting significant cost controls and improved hotel occupancy rates (XBRL). Gross profit data is not available in the provided XBRL data (N/A).
Balance Sheet Analysis
The company maintains a strong equity ratio of 54.2% and a debt-to-equity ratio of 0.82x (XBRL). Total assets remained stable at $12.2B, while total equity slightly declined to $6.6B (XBRL). Net debt is exceptionally low at $79M (0.1x EBITDA), and cash reserves stand at $667M (XBRL). Long-term debt is $746M, but the company's investment-grade balance sheet provides financial flexibility (XBRL).
Cash Flow Analysis
Operating cash flow reached $1.4B, with free cash flow (FCF) at $798M (XBRL). Investing cash flow was negative $618M, likely reflecting capital expenditures (XBRL). Financing cash flow was negative $874M, driven by dividends paid ($150M) and share repurchases ($27M) (XBRL). Depreciation and amortization (D&A) amounted to $664M (XBRL).
Working Capital Analysis
N/A
Risks
Outlook
N/A
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 5.5B | 5.5B | 1.6B | 2.9B | 4.9B | 5.3B |
| Operating Income | 530M | 799M | -953M | -250M | 775M | 827M |
| Net Income | 1.1B | 920M | -732M | -11M | 633M | 740M |
| Total Assets | 12.3B | 12.9B | 12.4B | 12.3B | 12.2B | 13.0B |
| Total Equity | 7.3B | 6.3B | 6.4B | 6.7B | 6.6B | 6.6B |
| Operating Cash Flow | 1.3B | 1.2B | -307M | 292M | 1.4B | 1.4B |
Real Estateの企業一覧
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