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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$277M
$26M
0.0%
0.0%
1.4%
0.9%
—
$980M
$94M
Mar '26
$260M
$19M
0.0%
0.0%
1.0%
0.6%
—
$955M
$91M
Dec '25
$237M
$7M
0.0%
0.0%
0.4%
0.2%
—
$930M
$109M
Sep '25
$229M
$1M
0.0%
0.0%
0.1%
0.0%
—
$930M
$121M
Jun '25
$260M
$11M
0.0%
0.0%
0.5%
0.4%
—
$872M
$74M
Mar '25
$234M
$5M
0.0%
0.0%
0.3%
0.2%
—
$845M
$72M
Dec '24
$215M
$836000
0.0%
0.0%
0.0%
0.0%
—
$845M
$107M
Sep '24
$226M
$3M
0.0%
0.0%
0.2%
0.1%
—
$817M
$116M
Jun '24
$247M
$26M
0.0%
0.0%
1.2%
0.8%
—
$818M
$159M
Mar '24
$217M
$13M
0.0%
0.0%
0.6%
0.4%
—
$819M
$401M
Dec '23
$219M
$127M
0.0%
0.0%
5.9%
4.0%
—
$819M
$426M
Sep '23
$248M
$16M
0.0%
0.0%
0.7%
0.5%
—
—
$114M
Jun '23
$276M
$43M
0.0%
0.0%
2.1%
1.4%
—
$815M
$108M
Mar '23
$243M
$21M
0.0%
0.0%
1.0%
0.7%
—
$812M
$96M
Dec '22
$244M
$17M
0.0%
0.0%
0.8%
0.6%
—
$816M
$101M
Sep '22
$244M
$20M
0.0%
0.0%
1.0%
0.7%
—
$813M
$118M
Jun '22
$251M
$38M
0.0%
0.0%
1.8%
1.2%
—
$804M
$107M
Mar '22
$172M
$15M
0.0%
0.0%
0.7%
0.5%
—
$574M
$215M
Dec '21
$174M
$138M
0.0%
0.0%
6.3%
4.5%
—
$611M
$120M
Sep '21
$167M
-$22M
0.0%
0.0%
-1.1%
-0.7%
—
$743M
$179M
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.
The price-to-earnings ratio has risen from 20.2× (Mar '23) to 97.4× (Nov '26).
The price-to-sales ratio has risen from 2.0× (Mar '23) to 2.5× (Nov '26).
The dividend yield has risen from 1.4% (Mar '23) to 3.6% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
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.