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
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
$960M
$25M
0.0%
0.0%
—
$930M
$109M
2024
$906M
$43M
0.0%
0.0%
—
$845M
$107M
2023
$986M
$207M
0.0%
0.0%
—
$819M
$426M
2022
$912M
$91M
0.0%
0.0%
—
$816M
$101M
2021
$509M
$33M
0.0%
0.0%
—
$611M
$120M
2020
$268M
-$411M
0.0%
0.0%
—
$748M
$368M
2019
$1.1B
$143M
0.0%
0.0%
—
$975M
$817M
2018
$1.2B
$259M
0.0%
25.8%
—
$983M
$809M
2017
—
$153M
—
—
—
$990M
$488M
2016
—
$141M
—
—
—
$936M
$370M
2015
—
$356M
—
—
—
$1.1B
$499M
2014
—
$88M
—
—
—
—
$222M
2013
—
$70M
—
—
—
—
$104M
2012
—
$50M
—
—
$51M
—
$157M
2011
—
$81M
—
—
-$108M
—
$149M
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
$260M
$19M
0.0%
0.0%
—
$955M
$91M
Dec '25
$237M
$7M
0.0%
0.0%
—
$930M
$109M
Sep '25
$229M
$1M
0.0%
0.0%
—
$930M
$121M
Jun '25
$260M
$11M
0.0%
0.0%
—
$872M
$74M
Mar '25
$234M
$5M
0.0%
0.0%
—
$845M
$72M
Dec '24
$215M
$836000
0.0%
0.0%
—
$845M
$107M
Sep '24
$226M
$3M
0.0%
0.0%
—
$817M
$116M
Jun '24
$247M
$26M
0.0%
0.0%
—
$818M
$159M
Mar '24
$217M
$13M
0.0%
0.0%
—
$819M
$401M
Dec '23
$219M
$127M
0.0%
0.0%
—
$819M
$426M
Sep '23
$248M
$16M
0.0%
0.0%
—
—
$114M
Jun '23
$276M
$43M
0.0%
0.0%
—
$815M
$108M
Mar '23
$243M
$21M
0.0%
0.0%
—
$812M
$96M
Dec '22
$244M
$17M
0.0%
0.0%
—
$816M
$101M
Sep '22
$244M
$20M
0.0%
0.0%
—
$813M
$118M
Jun '22
$251M
$38M
0.0%
0.0%
—
$804M
$107M
Mar '22
$172M
$15M
0.0%
0.0%
—
$574M
$215M
Dec '21
$174M
$138M
0.0%
0.0%
—
$611M
$120M
Sep '21
$167M
-$22M
0.0%
0.0%
—
$743M
$179M
Jun '21
$117M
-$28M
0.0%
0.0%
—
$744M
$163M
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 20.3× (Mar '23) to 88.0× (Jun '26).
The price-to-sales ratio has risen from 2.0× (Mar '23) to 2.3× (Jun '26).
The dividend yield has risen from 1.4% (Mar '23) to 4.0% (Jun '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?
As of Jun '26, Sunstone Hotel Investors, Inc. traded at a price-to-earnings ratio of about 88.0× (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.