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SHO Financials Sunstone Hotel Investors, Inc.

15 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 29.1% per year over the past 5 years.

Financial health

  • Total debt ($930M) exceeds cash ($109M); net debt is $821M.
  • Total debt has grown slower than revenue (4.5% vs 29.1% per year).

Shareholder returns

  • Dividends have been paid for 9 consecutive years, consuming 351.6% of earnings.
  • The dividend has declined 11.2% per year over the past 5 years.
Revenue & net income
-$411M $374M $1B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-153% -64% 26% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-20% -2% 15% 0% 2011 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$108M -$28M $51M $0 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $551M $1B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$446M -$23M $399M $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $960M $25M 0.0% 0.0% 1.3% 0.8% — $930M $109M
2024 $906M $43M 0.0% 0.0% 2.1% 1.4% — $845M $107M
2023 $986M $207M 0.0% 0.0% 9.5% 6.6% — $819M $426M
2022 $912M $91M 0.0% 0.0% 4.4% 2.9% — $816M $101M
2021 $509M $33M 0.0% 0.0% 1.5% 1.1% — $611M $120M
2020 $268M -$411M 0.0% 0.0% -20.0% -13.7% — $748M $368M
2019 $1.1B $143M 0.0% 0.0% 5.5% 3.6% — $975M $817M
2018 $1.2B $259M 0.0% 25.8% 9.7% 6.5% — $983M $809M
2017 — $153M — — 6.0% 4.0% — $990M $488M
2016 — $141M — — 5.7% 3.8% — $936M $370M
2015 — $356M — — 15.5% 9.2% — $1.1B $499M
2014 — $88M — — 4.0% 2.2% — — $222M
2013 — $70M — — 3.7% 2.0% — — $104M
2012 — $50M — — 3.4% 1.6% $51M — $157M
2011 — $81M — — 6.4% 2.6% -$108M — $149M

Valuation over time

How the market has priced SHO 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.

Price / earnings (P/E)
0.0 48.7 97.4 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 1.2 2.5 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S
Dividend yield (%)
0.0 2.9 5.9 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
Dividend yield %

Frequently asked questions

Is SHO growing its revenue and profit?

Over the past 5 years, Sunstone Hotel Investors, Inc.'s revenue has grown 29.1% per year. These are computed facts, not advice.

How much debt does SHO have?

As of FY2025, Sunstone Hotel Investors, Inc. reported $930M of total debt against $109M of cash.

What is SHO's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 2.6%.

What is SHO's P/E ratio?

Sunstone Hotel Investors, Inc.'s P/E (TTM) is 45.03 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SHO stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 97.4× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.