DiamondRock Hospitality Company (DRH) 10-Year Financial Performance & Capital Metrics

DRH • • REIT / Real Estate

Real EstateHotel REITsConvention & Resort CentersLifestyle & Boutique Hotels

AboutDiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families as well as unique boutique hotels in the lifestyle segment.Show more

Revenue $1.13B +5.1%
FFO $162M -18.2%
FFO/Share 0.77 -17.8%
FFO Payout 15.84% -1.9%
FFO per Share 0.77 -17.8%
NOI Margin 54.69% +100.6%
FFO Margin 14.31% -22.2%
ROE 2.96% -44.4%
ROA 1.5% -44.0%
Debt/Assets 37.21% -6.6%
Net Debt/EBITDA 4.28 +36.5%
Book Value/Share 7.57 -2.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Sustainable FFO payout ratio of 15.8%
✓Trading near 52-week high
✓Trading at only 1.2x book value

✗Weaknesses

✗Profits declining 23.5% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.61%

5Y3.79%

3Y25.83%

TTM0.95%

Profit (Net Income) CAGR

10Y-11.52%

5Y-23.51%

3Y-

TTM-8.92%

EPS CAGR

10Y-14.17%

5Y-27.68%

3Y-

TTM-6.66%

ROCE

10Y Avg5.03%

5Y Avg4.69%

3Y Avg6.62%

Latest5.01%

Peer Comparison

Lifestyle & Boutique Hotels

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DRHDiamondRock Hospitality Company	1.89B	9.30	51.67	5.12%	5.69%	4.06%	7.54%	0.74
PEBPebblebrook Hotel Trust	1.38B	12.13	-31.10	2.35%	-6.72%	-3.78%	19.96%	0.92

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	930.99M	896.56M	870M	863.7M	938.09M	299.49M	567.13M	1B	1.07B	1.13B
Revenue Growth %	0.07%	-0.04%	-0.03%	-0.01%	0.09%	-0.68%	0.89%	0.77%	0.07%	0.05%
Property Operating Expenses	618.47M	587.87M	581.27M	599.5M	690.76M	340.63M	284.99M	432.36M	781.76M	511.95M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	155.84M	151.22M	147.77M	155.25M	28.23M	-41.14M	312.19M	407.01M	32.05M	474.79M
G&A Expenses	54.69M	53.77M	48.68M	50.72M	28.23M	6.91M	32.55M	25.42M	32.05M	0
EBITDA+	246.42M	896.5M	870.85M	847.89M	335.72M	-253.77M	72.91M	270.98M	372.36M	256.74M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	101.14M	739.02M	731.06M	743.05M	116.62M	114.72M	102.96M	108.85M	111.3M	113.59M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	145.27M	157.47M	139.78M	104.84M	219.09M	0	-30.05M	162.13M	261.06M	143.15M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	52.68M	41.73M	38.48M	40.97M	46.58M	53.99M	37.04M	39.69M	65.07M	65.52M
Interest Coverage	2.76x	3.77x	3.63x	2.56x	4.70x	-	-0.81x	4.09x	4.01x	2.18x
Non-Operating Income	-4.62M	-11.46M	-782K	-27.02M	118.11M	368.48M	125.05M	10.13M	109.03M	27.84M
Pretax Income+	97.2M	127.19M	102.08M	90.9M	206.24M	-422.48M	-192.14M	112.31M	86.95M	49.79M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	11.57M	12.4M	10.21M	3.1M	22.03M	-26.45M	3.27M	2.61M	317K	1.54M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	85.63M	114.8M	91.88M	87.78M	183.49M	-394.38M	-194.58M	109.33M	86.34M	48.05M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.48%	0.34%	-0.2%	-0.04%	1.09%	-3.15%	0.51%	1.56%	-0.21%	-0.44%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.29%	3.57%	-0.04%	0.01%	-0.64%	-1.93%	0.67%	3.38%	-0.09%	-0.18%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	0.43	0.57	0.46	0.43	0.91	-1.97	-0.96	0.47	0.36	0.18
EPS Growth %	-0.48%	0.33%	-0.19%	-0.07%	1.12%	-3.16%	0.51%	1.49%	-0.23%	-0.5%
EPS (Basic)	0.43	0.57	0.46	0.43	0.91	-1.97	-0.96	0.47	0.36	0.18
Diluted Shares Outstanding	201.46M	201.68M	201.52M	206.13M	202.74M	201.67M	212.06M	213.19M	212.3M	211.24M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.32B	3.07B	3.1B	3.2B	3.43B	3.15B	2.97B	3.21B	3.24B	3.17B
Asset Growth %	0.05%	-0.08%	0.01%	0.03%	0.07%	-0.08%	-0.06%	0.08%	0.01%	-0.02%
Real Estate & Other Assets+	8.63M	19.13M	24.49M	-35.29M	29.85M	28.4M	17.47M	76.13M	73.94M	82.96M
PP&E (Net)	2.88B	2.65B	2.69B	2.94B	3.12B	2.91B	2.75B	2.85B	2.85B	2.72B
Investment Securities	-1000K	-1000K	-1000K	1000K	0	0	0	0	0	0
Total Current Assets+	405.7M	404.77M	381.88M	189.02M	271M	204.34M	196.18M	283.89M	311.86M	368.14M
Cash & Equivalents	213.58M	243.09M	183.57M	43.86M	122.52M	111.8M	38.62M	67.56M	121.59M	81.38M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	12.58M	26.94M	71.49M	37.23M	27.41M	-5.35M	19.41M	39.61M	45.58M	140.81M
Intangible Assets	23.95M	18.01M	26.69M	63.95M	0	0	0	0	0	0
Total Liabilities	1.5B	1.23B	1.27B	1.31B	1.5B	1.43B	1.44B	1.61B	1.59B	1.57B
Total Debt+	1.18B	920.54M	937.79M	977.97M	1.27B	1.15B	1.18B	1.3B	1.29B	1.18B
Net Debt	964.11M	677.44M	754.22M	934.1M	1.15B	1.04B	1.14B	1.23B	1.17B	1.1B
Long-Term Debt	1.17B	920.54M	937.79M	977.97M	1.09B	993.7M	977.22M	1.19B	1.18B	1.1B
Short-Term Borrowings	0	0	0	0	1000K	1000K	1000K	0	0	0
Capital Lease Obligations	0	0	0	0	103.63M	104.97M	108.61M	110.88M	112.87M	85.23M
Total Current Liabilities+	318.16M	312.14M	329.42M	329.02M	310.98M	329.18M	358.51M	314.69M	299.83M	392.79M
Accounts Payable	124.18M	94.79M	132.06M	124.07M	154.39M	142.09M	136.73M	166.8M	156.09M	200.94M
Deferred Revenue	98.22M	173.22M	171.66M	178.61M	130.78M	132.09M	131.78M	134.95M	137.42M	139.47M
Other Liabilities	233.73M	0	0	0	-130.78M	-132.09M	0	0	0	0
Total Equity+	1.82B	2.47B	2.55B	1.89B	1.92B	1.72B	1.52B	1.6B	1.65B	1.6B
Equity Growth %	-0%	0.35%	0.03%	-0.26%	0.02%	-0.11%	-0.12%	0.05%	0.03%	-0.03%
Shareholders Equity	1.82B	1.84B	1.83B	1.88B	1.91B	1.71B	1.52B	1.59B	1.64B	1.59B
Minority Interest	0	631.38M	714.02M	7.7M	8.57M	7.82M	5.75M	6.3M	6.91M	8.7M
Common Stock	2.01M	2M	2M	2.04M	2M	2.1M	2.11M	2.09M	2.1M	2.08M
Additional Paid-in Capital	2.06B	2.06B	2.06B	2.13B	2.09B	2.29B	2.29B	2.29B	2.29B	2.27B
Retained Earnings	-234.28M	-220.58M	-229.81M	-245.62M	-178.86M	-576.53M	-780.93M	-700.69M	-649.33M	-679.05M
Preferred Stock	0	0	0	0	0	48K	48K	48K	48K	48K
Return on Assets (ROA)	0.03%	0.04%	0.03%	0.03%	0.06%	-0.12%	-0.06%	0.04%	0.03%	0.01%
Return on Equity (ROE)	0.05%	0.05%	0.04%	0.04%	0.1%	-0.22%	-0.12%	0.07%	0.05%	0.03%
Debt / Assets	0.35%	0.3%	0.3%	0.31%	0.37%	0.37%	0.4%	0.4%	0.4%	0.37%
Debt / Equity	0.65x	0.37x	0.37x	0.52x	0.66x	0.67x	0.77x	0.81x	0.78x	0.74x
Net Debt / EBITDA	3.91x	0.76x	0.87x	1.10x	3.41x	-	15.60x	4.54x	3.14x	4.28x
Book Value per Share	9.06	12.24	12.64	9.17	9.48	8.52	7.17	7.49	7.77	7.57

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	227.56M	215.58M	204.53M	219.3M	193.29M	-83.69M	-2.31M	206.24M	237.56M	224.41M
Operating CF Growth %	0.27%	-0.05%	-0.05%	0.07%	-0.12%	-1.43%	0.97%	90.4%	0.15%	-0.06%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	85.63M	114.8M	91.88M	87.8M	184.21M	-396.03M	-195.41M	109.7M	86.64M	48.25M
Depreciation & Amortization	101.22M	97.51M	99.19M	104.74M	118.34M	114.72M	102.96M	108.85M	111.3M	113.59M
Stock-Based Compensation	5.72M	5.32M	6.2M	5.57M	6.38M	7.22M	8.74M	7.79M	8.77M	12.02M
Other Non-Cash Items	12.16M	-7.49M	764K	4.63M	-130.77M	191.53M	143.5M	7.21M	10.94M	41.8M
Working Capital Changes	12.53M	-4.96M	-1.2M	14.97M	-5.89M	25.41M	-62.58M	-26.53M	20.89M	9.21M
Cash from Investing+	-203.64M	85.65M	-178.61M	-344.31M	-65.73M	-78.97M	-62.2M	-248.6M	-120.85M	-112.12M
Acquisitions (Net)	-150.4M	0	-93.8M	-259.88M	0	0	-226.63M	0	0	0
Purchase of Investments	-150.4M	0	-94.56M	-259.88M	0	0	0	-181.94M	0	0
Sale of Investments	1000K	1000K	1000K	0	0	0	0	0	0	0
Other Investing	9.71M	188.51M	15.5M	30.74M	133.53M	-77.39M	391.06M	182.94M	-34.53M	-30.53M
Cash from Financing+	45.3M	-271.72M	-85.44M	-7.17M	-39.37M	117.71M	5.17M	74.03M	-56.73M	-150.67M
Dividends Paid	-96.11M	-100.77M	-100.54M	-102.71M	-102.05M	-28.86M	-9.94M	-16.24M	-41.73M	-35.42M
Common Dividends	-96.11M	-100.77M	-100.54M	-102.71M	-102.05M	-25.56M	-119K	-6.42M	-31.91M	-25.6M
Debt Issuance (Net)	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K
Share Repurchases	-2.73M	-7.2M	-537K	-33.11M	-43.31M	-11.25M	-1.48M	-13.12M	-5.46M	-32.87M
Other Financing	-3.19M	-2.77M	-1.58M	-412K	-4.8M	-1.61M	-1.22M	-13.85M	0	0
Net Change in Cash+	69.22M	29.51M	-59.53M	-132.18M	88.19M	-44.95M	-59.34M	31.67M	59.99M	-38.38M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	144.37M	213.58M	243.09M	223.77M	91.6M	179.79M	134.85M	75.51M	107.18M	167.17M
Cash at End	213.58M	243.09M	183.57M	91.6M	179.79M	134.85M	75.51M	107.18M	167.17M	128.79M
Free Cash Flow+	164.61M	112.72M	104.21M	104.13M	-5.97M	-173.32M	-276.07M	-43.36M	118.55M	142.82M
FCF Growth %	0.4%	-0.32%	-0.08%	-0%	-1.06%	-28.03%	-0.59%	0.84%	3.73%	0.2%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	0.93	4.23	4.08	4.03	1.48	-1.39	-0.43	1.02	0.93	0.77
FFO Payout Ratio	51.46%	11.8%	12.22%	12.36%	34%	-9.14%	-0.13%	2.94%	16.14%	15.84%
NOI Margin	33.57%	34.43%	33.19%	30.59%	26.36%	-13.74%	49.75%	56.83%	27.27%	54.69%
Net Debt / EBITDA	3.91x	0.76x	0.87x	1.10x	3.41x	-	15.60x	4.54x	3.14x	4.28x
Debt / Assets	35.47%	29.99%	30.24%	30.58%	37.03%	36.66%	39.65%	40.43%	39.83%	37.21%
Interest Coverage	2.76x	3.77x	3.63x	2.56x	4.70x	-	-0.81x	4.09x	4.01x	2.18x
Book Value / Share	9.06	12.24	12.64	9.17	9.48	8.52	7.17	7.49	7.77	7.57
Revenue Growth	6.66%	-3.7%	-2.96%	-0.72%	8.61%	-68.07%	89.37%	76.59%	7.33%	5.12%

Revenue by Segment

	2014	2015	2016	2018	2019	2020	2021	2022	2023	2024
Occupancy	-	-	-	631.05M	661.15M	196.74M	399.06M	681.27M	717.45M	742.63M
Occupancy Growth	-	-	-	-	4.77%	-70.24%	102.84%	70.72%	5.31%	3.51%
Food and Beverage	-	-	-	184.1M	215.26M	68.57M	117.74M	238.23M	259.76M	281.68M
Food and Beverage Growth	-	-	-	-	16.93%	-68.15%	71.72%	102.34%	9.03%	8.44%
Hotel, Owned	-	-	-	48.56M	61.68M	34.19M	50.34M	82M	97.66M	105.58M
Hotel, Owned Growth	-	-	-	-	27.01%	-44.57%	47.24%	62.90%	19.10%	8.10%

Revenue by Geography

	2014	2015	2016	2018	2019	2020	2021	2022	2023	2024
All Other Geographic Areas	274.05M	365.53M	369.76M	-	-	-	-	-	-	-
All Other Geographic Areas Growth	-	33.38%	1.16%	-	-	-	-	-	-	-
Boston	116.86M	130.79M	132.79M	-	-	-	-	-	-	-
Boston Growth	-	11.92%	1.53%	-	-	-	-	-	-	-
Chicago	132.69M	128.95M	126.27M	-	-	-	-	-	-	-
Chicago Growth	-	-2.82%	-2.08%	-	-	-	-	-	-	-
VIRGIN ISLANDS, US	65.59M	64.38M	66.95M	-	-	-	-	-	-	-
VIRGIN ISLANDS, US Growth	-	-1.83%	3.99%	-	-	-	-	-	-	-
Denver	34.21M	36.52M	36.08M	-	-	-	-	-	-	-
Denver Growth	-	6.75%	-1.20%	-	-	-	-	-	-	-
Minneapolis	49.7M	54.25M	24.79M	-	-	-	-	-	-	-
Minneapolis Growth	-	9.14%	-54.31%	-	-	-	-	-	-	-
Los Angeles	64.92M	-	-	-	-	-	-	-	-	-
Los Angeles Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

DiamondRock Hospitality Company (DRH) has a price-to-earnings (P/E) ratio of 51.7x. This suggests investors expect higher future growth.

Growth & Financials

DiamondRock Hospitality Company (DRH) reported $1.13B in revenue for fiscal year 2024. This represents a 76% increase from $638.2M in 2011.

DiamondRock Hospitality Company (DRH) grew revenue by 5.1% over the past year. This is steady growth.

Yes, DiamondRock Hospitality Company (DRH) is profitable, generating $64.0M in net income for fiscal year 2024 (4.3% net margin).

Dividend & Returns

Yes, DiamondRock Hospitality Company (DRH) pays a dividend with a yield of 1.30%. This makes it attractive for income-focused investors.

DiamondRock Hospitality Company (DRH) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

Industry Metrics

DiamondRock Hospitality Company (DRH) generated Funds From Operations (FFO) of $177.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.

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