HOST HOTELS & RESORTS, INC. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $6.1B |
| Gross margin | — not reported |
| Operating income | $855.0M |
| Net income | $765.0M |
| Diluted EPS | $1.10 |
| Cash & equivalents | $768.0M |
| Total assets | $13.0B |
| Long-term debt | $1.3B |
Key takeaway
Host reported $6.11 billion in revenue and $765 million net income for 2025, with a 65% revenue concentration in seven key markets including New York, D.C., San Diego, San Francisco, Phoenix, Florida and Hawaii.
🔒 4 more takeaways in the full analysis
Beneath the surface
The headline 'long-term debt' figure of $1.274 billion dramatically understates total leverage — combined DebtAndCapitalLeaseObligations ($5.077B) and DebtInstrumentCarryingAmount ($5.144B) show real gross debt is roughly 4x the headline number, with cash of $768M covering only about 15% of total debt.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for HST.
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