14 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 25.4% per year over the past 5 years.
Operating margin has expanded, at 10.3% in the latest year.
Financial health
Total debt ($1.1B) exceeds cash ($124M); net debt is $979M.
Total debt has grown slower than revenue (-0.5% vs 25.4% per year).
Total debt is 6.7× EBITDA.
Shareholder returns
Dividends have been paid for 3 consecutive years.
The dividend has declined 5.1% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$704M
-$22M
0.0%
10.3%
—
$1.1B
$124M
2024
$728M
-$2M
0.0%
17.7%
—
$1.2B
$135M
2023
$739M
-$27M
0.0%
8.3%
$85M
$1.2B
$86M
2022
$670M
$18M
0.0%
10.2%
-$245M
$1.3B
$262M
2021
$428M
-$27M
0.0%
0.3%
$46M
$1.2B
$216M
2020
$227M
-$105M
0.0%
-35.2%
-$50M
$1.1B
$79M
2019
$488M
$371000
33.6%
13.2%
—
$1.1B
$72M
2018
$431M
$1M
36.8%
15.3%
—
$986M
$183M
2017
$414M
$23M
34.4%
15.1%
—
$821M
$138M
2016
$406M
$19M
35.3%
18.1%
—
$765M
$127M
2015
—
-$7M
—
—
—
$836M
$105M
2014
—
$2M
—
—
—
$762M
$171M
2013
—
-$12M
—
—
—
$622M
$144M
2012
—
-$5M
—
—
—
—
$20M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$209M
$18M
0.0%
19.0%
—
$1.1B
$93M
Dec '25
$166M
-$34M
0.0%
-7.3%
—
$1.1B
$124M
Sep '25
$144M
$6M
0.0%
20.8%
—
$1.2B
$116M
Jun '25
$179M
-$5M
0.0%
10.0%
—
$1.2B
$80M
Mar '25
$216M
$11M
0.0%
17.0%
—
$1.2B
$82M
Dec '24
$173M
-$19M
0.0%
2.2%
—
$1.2B
$135M
Sep '24
$148M
$13M
0.0%
47.4%
—
$1.2B
$169M
Jun '24
$188M
-$12M
0.0%
6.5%
—
$1.1B
$115M
Mar '24
$219M
$16M
0.0%
19.4%
—
$1.2B
$137M
Dec '23
$178M
-$19M
0.0%
3.3%
$12M
$1.2B
$86M
Sep '23
$160M
-$22M
0.0%
0.4%
$11M
$1.2B
$149M
Jun '23
$187M
-$2M
0.0%
9.3%
$20M
$1.1B
$128M
Mar '23
$215M
$16M
0.0%
17.6%
$42M
$1.3B
$281M
Dec '22
$172M
-$3M
0.0%
7.0%
-$262M
$1.3B
$262M
Sep '22
$161M
-$8M
0.0%
1.9%
$24M
$1.2B
$359M
Jun '22
$175M
$14M
0.0%
15.3%
$51M
$1.2B
$251M
Mar '22
$162M
$15M
0.0%
16.3%
-$58M
$1.2B
$185M
Dec '21
$130M
-$2M
0.0%
5.3%
$703000
$1.2B
$216M
Sep '21
$116M
-$7M
0.0%
0.9%
$17M
$1.2B
$196M
Jun '21
$97M
-$9M
0.0%
-2.9%
$17M
$1.1B
$158M
Valuation over time
How the market has priced BHR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 14.9× (Mar '23) to 9.7× (Dec '23).
The price-to-sales ratio has fallen from 0.4× (Mar '23) to 0.2× (Jun '26).
The dividend yield has risen from 33.6% (Jan '24) to 35.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is BHR growing its revenue and profit?
Over the past 5 years, Braemar Hotels & Resorts Inc.'s revenue has grown 25.4% per year. These are computed facts, not advice.
How much debt does BHR have?
As of FY2025, Braemar Hotels & Resorts Inc. reported $1.1B of total debt against $124M of cash.
What is BHR's profit margin?
In FY2025, gross margin was —, operating margin 10.3%, and net margin -3.2%.
What is BHR's P/E ratio?
As of Jun '26, Braemar Hotels & Resorts Inc. traded at a price-to-earnings ratio of about 9.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.