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DRH

DiamondRock Hospitality Company

DRH

DiamondRock Hospitality Company • NYSE
$9.13 ▲ 0.22% (+0.02)
Market Cap $1.86 B
52w High $10.00
52w Low $6.19
Dividend Yield 0.47%
P/E 35.12
Volume 1.96M
Outstanding Shares 204.22M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $285.384M ▼ $114.765M ▲ $22.525M ▼ 7.893% ▼ $0.1 ▼ $67.588M ▼
Q2-2025 $305.72M ▲ $9.465M ▼ $40.835M ▲ 13.357% ▲ $0.19 ▲ $84.29M ▲
Q1-2025 $254.853M ▼ $109.909M ▼ $11.857M ▲ 4.652% ▲ $0.045 ▲ $53.127M ▲
Q4-2024 $279.051M ▼ $115.677M ▲ $-11.243M ▼ -4.029% ▼ $-0.066 ▼ $36.182M ▼
Q3-2024 $285.129M $113.49M $26.432M 9.27% $0.11 $71.838M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $145.336M ▲ $3.146B ▲ $1.569B ▲ $1.568B ▼
Q2-2025 $52.402M ▼ $3.061B ▼ $1.477B ▼ $1.576B ▲
Q1-2025 $100.621M ▲ $3.102B ▼ $1.528B ▼ $1.565B ▼
Q4-2024 $81.381M ▲ $3.172B ▼ $1.573B ▲ $1.59B ▼
Q3-2024 $75.287M $3.181B $1.523B $1.649B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $22.638M ▼ $74.556M ▲ $-19.671M ▼ $36.975M ▲ $91.86M ▲ $54.885M ▼
Q2-2025 $41.039M ▲ $73.568M ▲ $-15.704M ▼ $-104.566M ▼ $-46.702M ▼ $57.86M ▲
Q1-2025 $11.915M ▲ $27.606M ▼ $63.457M ▲ $-69.593M ▼ $21.47M ▲ $2.044M ▼
Q4-2024 $-11.296M ▼ $75.794M ▲ $-53.713M ▼ $-13.072M ▲ $9.009M ▲ $22.081M ▼
Q3-2024 $26.557M $61.662M $-22.629M $-89.677M $-50.644M $39.033M

Revenue by Products

Product Q3-2024Q4-2024Q2-2025Q3-2025
Food and Beverage
Food and Beverage
 $70.00M ▲$220.00M ▲$80.00M ▼$70.00M ▼
Hotel Owned
Hotel Owned
 $30.00M ▲$80.00M ▲$30.00M ▼$30.00M ▲
Occupancy
Occupancy
 $190.00M ▲$550.00M ▲$200.00M ▼$190.00M ▼

Five-Year Company Overview

Income Statement

Income Statement DiamondRock’s earnings picture shows a company that has largely completed its recovery from the pandemic shock and is now in a more mature, steady phase. Revenue has climbed meaningfully over the last several years as travel rebounded, and hotel-level profitability has improved from deep losses to consistent profits. That said, net income has eased a bit from its recent peak even as sales increased, suggesting cost pressure, mix shifts, or reinvestment are weighing slightly on margins. Overall, the business looks profitable again, but not in a straight-line uptrend, which is typical for a cyclical, travel‑exposed REIT.

Balance Sheet

Balance Sheet The balance sheet looks relatively stable and conservative for a hotel REIT. Total assets have been fairly steady, indicating a largely “hold and optimize” strategy rather than aggressive expansion. Debt levels are meaningful but not extreme, and equity has held up well, which points to a generally balanced capital structure instead of a highly leveraged one. Cash on hand is modest, so the company likely relies on recurring cash flows and credit access rather than large cash reserves to manage through normal ups and downs.

Cash Flow

Cash Flow Cash generation from the core business has turned solidly positive after the pandemic disruption, which is a key sign of health for a hotel owner. Free cash flow has moved from negative into positive territory in recent years, even after funding property improvements, suggesting that operations now comfortably cover reinvestment needs. Capital spending has been sizable at times, reflecting renovations and repositioning projects, but no longer appears to be straining the company’s finances the way it did in the immediate recovery period. Overall, the cash profile looks more dependable, though still sensitive to travel demand cycles.

Competitive Edge

Competitive Edge DiamondRock competes in the upper-upscale and luxury segment with a portfolio of well-located hotels and resorts in high‑barrier markets, which can be hard for new entrants to replicate. Its mix of branded and independent “experiential” properties in attractive leisure destinations gives it some insulation from pure price competition and taps into strong lifestyle and resort demand. The company’s active asset-management approach—renovations, conversions, and repositioning—helps keep properties relevant and supports pricing power. A relatively conservative balance sheet adds resilience versus more leveraged peers, though the company remains exposed to the broader cyclical swings in travel and the hotel sector.

Innovation and R&D

Innovation and R&D Innovation at DiamondRock is more about smart operations and property strategy than traditional research and development. The company has upgraded its systems with modern analytics and resource-planning tools, which should improve forecasting, cost control, and revenue optimization. It is also leaning into sustainability technologies—such as energy‑efficient systems and on‑site renewables at select resorts—which can lower operating costs and support its “green” brand positioning. While guest‑facing tech details are less visible, the direction is toward more personalized, experience‑driven stays supported by better data and property design.

Summary

DiamondRock today looks like a hotel REIT that has successfully transitioned from crisis recovery to a more normalized, cash‑generating footing. Earnings and cash flows have improved materially from pandemic lows, and the balance sheet appears prudently managed rather than stretched. The company’s edge lies in a curated set of high‑quality, experiential hotels and resorts, strong sustainability credentials, and an active approach to enhancing and recycling assets. Key ongoing uncertainties revolve around the inherent cyclicality of travel, the impact of interest rates on real estate values and financing costs, and the company’s ability to keep refreshing its portfolio and guest offerings to stay ahead of changing traveler preferences.

NEWS

November 20, 2025 · 6:30 AM UTC

DIAMONDROCK HOSPITALITY ANNOUNCES REDEMPTION OF 8.250% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK

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November 13, 2025 · 7:30 AM UTC

DIAMONDROCK HOSPITALITY ANNOUNCES TRANSFER TO NASDAQ

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November 6, 2025 · 4:05 PM UTC

DIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER 2025 RESULTS

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September 3, 2025 · 7:00 AM UTC

DIAMONDROCK HOSPITALITY ANNOUNCES THIRD QUARTER 2025 EARNINGS RELEASE AND CONFERENCE CALL

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