NASDAQ : DRH
DiamondRock Hospitality Company — Financial statements
Real Estate · REIT - Hotel & Motel · United States
Last price 14.25 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.93B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 739.00M | 728.61M | 742.63M | 717.45M | 681.27M | 399.06M |
| Other Revenue | 397.36M | 391.88M | 387.26M | 357.42M | 320.23M | 168.08M |
| Total Revenue | 1.14B | 1.12B | 1.13B | 1.07B | 1.00B | 567.13M |
| Property Expenses | 801.67M | 809.30M | 818.25M | 781.76M | 697.29M | 461.71M |
| Selling, General & Administrative | 33.72M | 32.60M | 34.35M | 32.05M | 31.79M | 32.55M |
| Depreciation & Amortization | 114.44M | 113.11M | 113.59M | 111.30M | 108.85M | 102.96M |
| Total Operating Expenses | 949.83M | 955.01M | 966.18M | 925.11M | 837.93M | 597.22M |
| Operating Income | 186.54M | 165.48M | 163.70M | 149.76M | 163.58M | -30.09M |
| Interest Expense | -61.90M | -62.80M | -65.52M | -65.07M | -38.28M | -37.04M |
| Interest & Investment Income | 7.12M | 6.76M | 4.34M | 2.56M | 255.00K | 947.00K |
| EBT Excluding Unusual Items | 131.76M | 109.44M | 102.52M | 87.25M | 125.55M | -66.18M |
| Gain (Loss) on Sale of Assets | 31.59M | -1.66M | ||||
| Total Insurance Settlements | 647.00K | 499.00K | 705.00K | |||
| Asset Writedown | -1.08M | -1.08M | -34.17M | -941.00K | -2.84M | -126.70M |
| Other Unusual Items | -7.65M | -7.65M | -18.56M | -9.77M | ||
| Pretax Income | 154.62M | 100.71M | 49.79M | 86.95M | 112.31M | -192.14M |
| Income Tax Expense | 346.00K | -1.23M | 1.54M | 317.00K | 2.61M | 3.27M |
| Earnings From Continuing Operations | 154.28M | 101.94M | 48.25M | 86.64M | 109.70M | -195.41M |
| Minority Interest in Earnings | -594.00K | -509.00K | -203.00K | -295.00K | -377.00K | 821.00K |
| Net Income | 153.69M | 101.43M | 48.05M | 86.34M | 109.33M | -194.58M |
| Preferred Dividends & Other Adjustments | 4.91M | 9.82M | 9.82M | 9.82M | 9.82M | 9.82M |
| Net Income to Common | 148.78M | 91.62M | 38.23M | 76.52M | 99.51M | -204.40M |
| Basic Shares Outstanding | 204.79M | 206.23M | 210.29M | 211.52M | 212.42M | 212.06M |
| Diluted Shares Outstanding | 206.63M | 208.26M | 211.24M | 212.30M | 213.19M | 212.06M |
| EPS (Basic) | 0.73 | 0.44 | 0.18 | 0.36 | 0.47 | -0.96 |
| EPS (Diluted) | 0.72 | 0.44 | 0.18 | 0.36 | 0.47 | -0.96 |
| Dividend Per Share | 0.48 | 0.32 | 0.12 | 0.12 | 0.06 | |
| Operating Margin | 16.41% | 14.77% | 14.49% | 13.93% | 16.33% | -5.30% |
| Profit Margin | 13.09% | 8.18% | 3.38% | 7.12% | 9.94% | -36.04% |
| EBITDA | 299.52M | 277.20M | 275.82M | 259.66M | 271.06M | 73.10M |
| EBITDA Margin | 26.36% | 24.74% | 24.41% | 24.16% | 27.07% | 12.89% |
| D&A For Ebitda | 112.99M | 111.72M | 112.12M | 109.91M | 107.48M | 103.19M |
| EBIT | 186.54M | 165.48M | 163.70M | 149.76M | 163.58M | -30.09M |
| EBIT Margin | 16.41% | 14.77% | 14.49% | 13.93% | 16.33% | -5.30% |
| Funds From Operations (FFO) | 233.29M | 206.31M | 186.19M | 189.06M | 213.24M | 25.02M |
| FFO Per Share | 0.99 | 0.88 | ||||
| Adjusted Funds From Operations (AFFO) | 253.00M | 226.96M | 221.11M | 207.96M | 215.95M | 26.31M |
| AFFO Per Share | 1.08 | 1.01 | 0.93 | 1.01 | ||
| FFO Payout Ratio | 32.90% | 47.65% | 13.75% | 16.88% | 3.01% | 0.48% |
| Effective Tax Rate | 0.22% | 3.09% | 0.36% | 2.32% | ||
| Revenue as Reported | 1.14B | 1.12B | 1.13B | 1.07B | 1.00B | 567.13M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 2.65B | 2.69B | 2.73B | 2.85B | 2.85B | 2.75B |
| Cash & Equivalents | 105.98M | 68.08M | 81.38M | 121.59M | 67.56M | 38.62M |
| Accounts Receivable | 189.54M | 137.79M | 145.95M | 144.69M | 176.71M | 120.67M |
| Restricted Cash | 39.88M | 35.14M | 47.41M | 45.58M | 39.61M | 36.89M |
| Other Current Assets | 93.40M | |||||
| Deferred Long-Term Tax Assets | 5.37M | 2.66M | 2.21M | 716.00K | 530.00K | |
| Deferred Long-Term Charges | 1.15M | 514.00K | ||||
| Other Long-Term Assets | 80.29M | 62.58M | 71.61M | 71.73M | 75.42M | 16.94M |
| Total Assets | 3.07B | 3.00B | 3.17B | 3.24B | 3.21B | 2.97B |
| Current Portion of Long-Term Debt | 295.81M | 74.35M | ||||
| Current Portion of Leases | 4.70M | |||||
| Long-Term Debt | 1.10B | 1.10B | 799.49M | 1.10B | 1.19B | 1.07B |
| Long-Term Leases | 97.24M | 114.73M | 116.87M | 112.87M | 110.88M | 108.61M |
| Accounts Payable | 40.34M | 51.50M | 47.57M | 39.56M | 34.13M | 46.31M |
| Other Current Liabilities | 19.68M | 25.90M | 52.39M | 6.32M | 12.95M | |
| Long-Term Unearned Revenue | 86.47M | 84.81M | 81.26M | 77.56M | 73.88M | 69.00M |
| Other Long-Term Liabilities | 194.63M | 166.12M | 179.94M | 176.39M | 184.75M | 148.27M |
| Total Liabilities | 1.54B | 1.55B | 1.57B | 1.59B | 1.61B | 1.44B |
| Preferred Stock, Redeemable | 48.00K | 48.00K | 48.00K | 48.00K | ||
| Common Stock | 2.04M | 2.04M | 2.08M | 2.10M | 2.09M | 2.11M |
| Additional Paid-In Capital | 2.12B | 2.11B | 2.27B | 2.29B | 2.29B | 2.29B |
| Distributions in Excess of Earnings | -594.64M | -662.21M | -679.05M | -649.33M | -700.69M | -780.93M |
| Comprehensive Income & Other | -2.48M | -6.38M | -1.36M | -2.04M | ||
| Total Common Equity | 1.52B | 1.45B | 1.59B | 1.64B | 1.59B | 1.52B |
| Minority Interest | 5.54M | 9.20M | 8.70M | 6.91M | 6.30M | 5.75M |
| Shareholders' Equity | 1.53B | 1.46B | 1.60B | 1.65B | 1.60B | 1.52B |
| Total Liabilities & Equity | 3.07B | 3.00B | 3.17B | 3.24B | 3.21B | 2.97B |
| Total Debt | 1.20B | 1.22B | 1.21B | 1.29B | 1.31B | 1.18B |
| Net Cash (Debt) | -1.09B | -1.15B | -1.13B | -1.17B | -1.24B | -1.14B |
| Net Cash Per Share | -5.28 | -5.52 | -5.35 | -5.50 | -5.81 | -5.39 |
| Filing Date Shares Outstanding | 204.61M | 203.70M | 208.09M | 209.63M | 209.55M | 210.75M |
| Total Common Shares Outstanding | 204.51M | 203.70M | 207.59M | 209.63M | 209.37M | 210.75M |
| Book Value Per Share | 7.45 | 7.11 | 7.66 | 7.83 | 7.59 | 7.19 |
| Tangible Book Value | 1.52B | 1.45B | 1.59B | 1.64B | 1.59B | 1.52B |
| Tangible Book Value Per Share | 7.45 | 7.11 | 7.66 | 7.83 | 7.59 | 7.19 |
| Land | 570.42M | 570.39M | 570.39M | 590.82M | 577.86M | 546.80M |
| Buildings | 2.87B | 2.88B | 2.81B | 2.88B | 2.80B | 2.67B |
| Construction In Progress | 8.63M | 16.10M | 24.97M | 21.18M | 32.42M | 14.48M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 153.69M | 101.43M | 48.05M | 86.34M | 109.33M | -194.58M |
| Depreciation & Amortization | 112.99M | 111.72M | 112.12M | 109.91M | 107.48M | 103.19M |
| Other Amortization | 1.77M | 1.97M | 1.97M | 2.05M | 2.49M | 2.55M |
| Gain (Loss) on Sale of Assets | -31.59M | |||||
| Gain (Loss) on Sale of Investments | 2.03M | -13.91M | 7.69M | |||
| Asset Writedown | 1.08M | 1.08M | 34.17M | 941.00K | 2.84M | 126.70M |
| Stock-Based Compensation | 8.35M | 7.42M | 12.02M | 8.77M | 7.79M | 8.74M |
| Change in Accounts Payable | -3.27M | 7.39M | 9.68M | 420.00K | 7.07M | -2.49M |
| Change in Other Net Operating Assets | -8.98M | 2.76M | -477.00K | 20.47M | -33.60M | -60.09M |
| Other Operating Activities | 9.98M | 9.88M | 6.88M | 6.63M | 16.75M | 5.99M |
| Operating Cash Flow | 243.99M | 243.65M | 224.41M | 237.56M | 206.24M | -2.31M |
| Acquisition of Real Estate Assets | -80.55M | -81.56M | -112.12M | -120.85M | -249.60M | -276.54M |
| Sale of Real Estate Assets | 29.87M | 89.02M | 213.82M | |||
| Net Sale / Acq. of Real Estate Assets | -50.68M | 7.46M | -112.12M | -120.85M | -249.60M | -62.72M |
| Other Investing Activities | 1.00M | 524.00K | ||||
| Investing Cash Flow | -50.68M | 7.46M | -112.12M | -120.85M | -248.60M | -62.20M |
| Short-Term Debt Issued | 60.00M | |||||
| Long-Term Debt Issued | 300.00M | 910.00M | 205.50M | |||
| Total Debt Issued | 360.00M | 360.00M | 910.00M | 205.50M | ||
| Short-Term Debt Repaid | -60.00M | |||||
| Long-Term Debt Repaid | -295.81M | -82.38M | -9.54M | -792.77M | -187.70M | |
| Total Debt Repaid | -280.88M | -355.81M | -82.38M | -9.54M | -792.77M | -187.70M |
| Net Debt Issued (Repaid) | 79.12M | 4.19M | -82.38M | -9.54M | 117.23M | 17.80M |
| Repurchase of Common Stock | -18.34M | -42.16M | -32.87M | -5.46M | -13.12M | -1.48M |
| Preferred Share Repurchases | -119.00M | -119.00M | ||||
| Common Dividends Paid | -76.75M | -98.31M | -25.60M | -31.91M | -6.42M | -119.00K |
| Preferred Dividends Paid | -4.91M | -9.82M | -9.82M | -9.82M | -9.82M | -9.82M |
| Total Dividends Paid | -81.66M | -108.13M | -35.42M | -41.73M | -16.24M | -9.94M |
| Other Financing Activities | -11.12M | -11.57M | -13.85M | -1.22M | ||
| Net Cash Flow | 42.31M | -25.57M | -38.38M | 59.99M | 31.67M | -59.34M |
| Levered Free Cash Flow | 76.13M | 195.01M | 63.46M | 112.21M | 138.07M | 47.37M |
| Unlevered Free Cash Flow | 113.05M | 232.29M | 102.44M | 150.83M | 159.51M | 67.98M |
| Cash Interest Paid | 58.12M | 58.75M | 63.77M | 60.36M | 47.55M | 42.49M |
| Cash Income Tax Paid | 1.48M | 531.00K | 4.65M | 2.67M | 6.62M | 1.63M |
| Change in Working Capital | -12.26M | 10.14M | 9.21M | 20.89M | -26.53M | -62.58M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.93B | 1.83B | 1.87B | 1.97B | 1.71B | 2.02B |
| Enterprise Value | 4.02B | 2.87B | 3.02B | 3.17B | 2.88B | 3.06B |
| Last Close Price | 14.25 | 8.73 | 8.42 | 8.45 | 7.26 | 8.43 |
| Price/FFO Ratio | 8.86 | 9.60 | ||||
| Price/AFFO Ratio | 8.09 | 8.34 | 9.09 | 7.19 | ||
| PE Ratio | 19.82 | 19.92 | 49.03 | 25.72 | 17.23 | |
| PS Ratio | 2.57 | 1.63 | 1.66 | 1.83 | 1.71 | 3.57 |
| PB Ratio | 1.91 | 1.25 | 1.17 | 1.19 | 1.07 | 1.33 |
| P/OCF Ratio | 11.99 | 7.49 | 8.35 | 8.29 | 8.31 | |
| EV/Sales Ratio | 3.53 | 2.56 | 2.67 | 2.95 | 2.88 | 5.40 |
| EV/EBITDA Ratio | 13.41 | 10.37 | 10.95 | 12.22 | 10.64 | 41.89 |
| EV/EBIT Ratio | 21.53 | 17.37 | 18.45 | 21.19 | 17.63 | |
| Debt / Equity Ratio | 0.78 | 0.84 | 0.76 | 0.78 | 0.82 | 0.78 |
| Debt / EBITDA Ratio | 3.86 | 4.22 | 4.20 | 4.76 | 4.62 | 13.92 |
| Net Debt / Equity Ratio | 0.71 | 0.79 | 0.71 | 0.71 | 0.78 | 0.75 |
| Net Debt / EBITDA Ratio | 3.64 | 4.15 | 4.10 | 4.50 | 4.57 | 15.62 |
| Asset Turnover | 0.37 | 0.36 | 0.35 | 0.33 | 0.32 | 0.19 |
| Quick Ratio | 4.92 | 2.51 | 0.57 | 2.21 | 5.19 | 3.44 |
| Current Ratio | 5.59 | 2.94 | 0.93 | 2.59 | 6.03 | 4.24 |
| Return on Equity (ROE) | 9.91% | 6.67% | 2.97% | 5.34% | 7.04% | -12.06% |
| Return on Assets (ROA) | 3.81% | 3.35% | 3.19% | 2.90% | 3.31% | -0.61% |
| Return on Invested Capital (ROIC) | 6.93% | 6.03% | 5.52% | 5.11% | 5.70% | -1.08% |
| Earnings Yield | 5.04% | 5.56% | 2.56% | 4.39% | 6.38% | -9.61% |
| Dividend Yield | 3.09% | 3.57% | 1.33% | 1.28% | 0.73% | |
| Payout Ratio | 57.04% | 106.60% | 73.72% | 48.33% | 14.85% | |
| Buyback Yield / Dilution | 1.45% | 1.41% | 0.50% | 0.41% | -0.53% | -5.15% |
| Total Shareholder Return | 4.54% | 4.98% | 1.83% | 1.69% | 0.20% | -5.15% |