Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
HST delivered strong Q1 FY2026 results with revenue up 3.2% to $1.645B, net income nearly doubling to $494M (+99.2%), and cash surging to $1.703B, driven by improved operating leverage and likely asset disposition proceeds.
Revenue
$1.65B
+3.20% YoY
EPS (Diluted)
$0.72
+105.71% YoY
Operating Income
$319M
+11.93% YoY
Source: SEC XBRL
Host Hotels & Resorts (HST) reported Q1 FY2026 revenue of $1.65B, up 3.2% year over year. Operating margin was 19.4%, up 1.5 points from 17.9% a year earlier. Operating cash flow was $342M, up 12.1% year over year. HST's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.35 | 0.36 | Miss -3.7% |
| Mar 2026This filing | 0.72 | 0.45 | Beat +59.4% |
| Dec 2025 | 0.31 | 0.19 | Beat +66.0% |
| Sep 2025 | 0.23 | 0.04 | Beat +469.3% |
Reported EPS of $0.72 versus the $0.45 analyst consensus — a +59.4% beat for Mar 2026.
Compiled by AI from this SEC filing
Total revenue increased 3.2% year-over-year to $1.645B in Q1 FY2026 from $1.594B in the prior-year period, reflecting continued strength in hotel operating performance across HST's portfolio.
Source: 10-Q Financial Data, Income Statement
Operating margin improved approximately 150 basis points to 19.4% from 17.9% in the prior year, as operating income grew 11.9% to $319M, indicating better cost management and operating leverage relative to revenue growth.
Source: 10-Q Financial Data, Income Statement & Key Ratios
Net income surged 99.2% to $494M ($0.72 diluted EPS) versus $248M ($0.35) in Q1 FY2025, a gain significantly outpacing operating income growth and suggesting substantial non-operating items such as asset sale gains contributed to the result.
Source: 10-Q Financial Data, Income Statement
Cash and equivalents jumped 297.9% year-over-year to $1.703B from $428M, coinciding with investing cash flow swinging to a positive $914M from negative $83M, strongly indicating significant asset dispositions or property sales during the quarter.
Source: 10-Q Financial Data, Balance Sheet & Cash Flow
Operating cash flow grew 12.1% to $342M from $305M, demonstrating healthy underlying cash generation from hotel operations independent of the asset sale activity reflected in investing cash flows.
Source: 10-Q Financial Data, Cash Flow Statement
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
HST's portfolio is concentrated in luxury and upper-upscale hotels, making it particularly sensitive to downturns in business travel and high-end leisure spending. Any softening in corporate travel demand or consumer discretionary spending could disproportionately impact revenue and profitability.
Source: 10-Q Financial Data, Revenue & Operating Metrics
The near-doubling of net income to $494M appears driven in part by non-recurring items such as asset sale gains, as evidenced by investing cash inflows of $914M. Stripping out these one-time items, underlying earnings growth is more modest, and future periods may not replicate this performance.
Source: 10-Q Financial Data, Income Statement & Cash Flow
With a debt-to-equity ratio of approximately 0.90, HST carries meaningful leverage typical of REITs. Rising interest rates or refinancing risk on existing debt could increase interest expense and pressure net income and distributable cash flow.
Source: 10-Q Financial Data, Key Ratios & Balance Sheet
The large cash balance of $1.703B resulting from asset sales creates reinvestment risk — HST must redeploy this capital at attractive returns or return it to shareholders, and failure to do so efficiently could dilute long-term returns on equity.
Source: 10-Q Financial Data, Balance Sheet & Cash Flow
Hotel revenue per available room (RevPAR) is highly cyclical and sensitive to GDP growth, employment levels, and consumer confidence. A macroeconomic slowdown could quickly reverse the modest 3.2% revenue growth trend observed in Q1 FY2026.
Source: 10-Q Financial Data, Income Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 1.65 $B | 1.59 $B | +3.20% |
Operating Income $M | 319.00 $M | 285.00 $M | +11.93% |
Net Income $M | 494.00 $M | 248.00 $M | +99.19% |
EPS (Basic) $ | 0.72 $ | 0.35 $ | +105.71% |
EPS (Diluted) $ | 0.72 $ | 0.35 $ | +105.71% |
Answers draw on this SEC filing and the data on this page
Host Hotels reported a 7.0% increase in comparable hotel RevPAR for Q2 FY2026, fueling a 7.2% rise in net income and margin improvement, while benefiting from asset sales that boosted cash reserves.
HST delivered solid FY2025 results with revenue rising 7.6% to $6.11B and net income up 9.8% to $765M, though operating margin contracted 140 basis points to 14.0% amid higher costs.
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