Park Hotels & Resorts
Through the investors’ lenses
0 of 2 cleared0 of 5 criteria
Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.
Warren Buffett 0/4
| Measure | PK | Checked against | |
|---|---|---|---|
| Owner earnings | $-243.00m | positive | ✗ |
| Return on equity | -9.0% | US median 2.8% | ✗ |
| Debt to equity | 1.23x | US median 0.57x | ✗ |
| Operating margin | -1.3% | US median 3.1% | ✗ |
Passes 0 of 4. These are the measures Warren Buffett published, applied to Park Hotels & Resorts’s own figures — their criteria, not their view of this company. What he looks at, and why →
Benjamin Graham 0/1
| Measure | PK | Checked against | |
|---|---|---|---|
| Current ratio | — | 2.00x published | — |
| Long-term debt to working capital | — | 1.00x published | — |
| Positive earnings, ten years running | 0 yrs | 10 published | ✗ |
Passes 0 of 1. These are the measures Benjamin Graham published, applied to Park Hotels & Resorts’s own figures — their criteria, not their view of this company. What he looks at, and why →
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | negative | whyLost $1.43 per share — no earnings to pay from. |
| Operating cash flow | 70.4% | whyBefore capital spending. |
| Free cash flow | 274.5% | whyAfter maintaining the business. |
Spread between highest and lowest: 204.2 percentage points. Same filings, different denominators.
Coverage rating 1 / 100 — Not covered. ? Peer standing 1/50Direction 0/30Stability 0/20
Free cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2025-12-31 | 274.5% |
| 2024-12-31 | 253.5% |
| 2023-12-31 | 69.7% |
| 2022-12-31 | 2.9% |
| 2019-12-31 | 190.7% |
| 2018-12-31 | 174.4% |
Coverage has deteriorated three years running — 2.9% to 274.5% — and the dividend now exceeds what the basis that applies can fund.
2% of the 62 consumer discretionary here pay out more — at the demanding end.
The arithmetic
- GAAP earnings — dividends declared per share $1.00 ÷ diluted EPS $-1.43
- Operating cash flow — dividends paid $280m ÷ operating cash flow $398m
- Free cash flow — dividends paid $280m ÷ (operating cash flow $398m − capex $296m)
Where the figures came from
- 10-K filed 2026-02-20 · accession 0001617406-26-000006
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Caveats on this company
- DPS $1.00 filed as declared, but dividends paid imply $1.41 — one of the two underlying facts is wrong. The filed per-share figure is used.
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the free cash flow payout ratio measures, and where every company here sits on it.
Also on: rated not covered · when it files.
Who else looks like this
Every figure above is computed from Park Hotels & Resorts’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules two investors published — free, and nothing you screen leaves your browser.
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