Xenia Hotels & Resorts, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Xenia Hotels & Resorts, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	950	945	1,058	1,149	370	616	998	1,025	1,039	1,079
Cost of revenue	593	604	690	773	352	446	672	704	730	749
Gross profit	357	342	368	376	18.2	170	325	322	309	330
General and administrative	31.4	31.6	30.5	30.7	30	30.6	34.3	37.2	36.2	36.8
Operating income	112	104	132	111	-242	-60.9	111	97.6	86.8	108
Interest expense	48.1	46.3	51.4	48.6	62	81.3	82.7	85	80.9	86.7
Other non-operating income	3.38	0.85	1.16	0.9	28.9	-2.3	4.18	9.9	9.4	7.53
Pre-tax income	91.8	109	205	62.6	-183	-146	59.8	21.3	13.1	68.3
Income tax	5.08	7.83	5.99	5.37	-15.9	0.72	2.21	1.45	-3.74	1.39
Net income to minority interests	0.88	1.95	4.84	1.84	-3.56	-3.1	1.71	0.73	0.73	3.81
Net income	85.9	98.9	194	55.4	-163	-144	55.9	19.1	16.1	63.1
EBITDA	264	257	290	267	-95.2	68.5	244	230	216	238
EPS, basic	0.79	0.92	1.75	0.49	-1.44	-1.26	0.49	0.17	0.15	0.64
EPS, diluted	0.79	0.92	1.75	0.49	-1.44	-1.26	0.49	0.17	0.15	0.64
Shares, basic (weighted)	108	107	110	113	113	114	114	108	102	96.7
Shares, diluted (weighted)	108	107	110	113	113	114	114	108	102	97.2
Dividend per share	1.10	1.10	1.10	1.10	0.28		0.20	0.40	0.48	0.56

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	216	71.9	91.4	111	390	517	305	165	78.2	140
Lease right-of-use assets				46.2	22.6	19.6	18.7	17.8	16.8	12.3
Goodwill	42.1	39.8	34.4	25	4.85	4.85	4.85	4.85	4.85	4.85
Intangible assets	34.8	28.2	27.2	4.05	1.61	0.6	0.21	0.05	0.01	0
Total assets	2,860	3,115	3,170	3,263	3,080	3,087	3,080	2,902	2,832	2,809
Total liabilities	1,209	1,470	1,317	1,488	1,513	1,649	1,620	1,585	1,551	1,625
Total debt	1,077	1,323	1,155	1,293	1,374	1,494	1,429	1,395	1,335	1,423
Paid-in capital	1,926	1,924	2,060	2,061	2,080	2,090	2,063	1,935	1,921	1,804
Retained earnings	-302	-321	-250	-318	-513	-656	-623	-647	-680	-670
Other comprehensive income	5	10.7	12.7	-4.6	-14.4	-4.1	0	2.4	0.93	0.09
Shareholders' equity	1,630	1,615	1,824	1,739	1,554	1,431	1,441	1,291	1,243	1,134
Minority interests	22	30.2	28.8	36.1	12.8	7.1	18.8	26.5	37.2	49.3
Total equity	1,652	1,645	1,853	1,775	1,567	1,438	1,460	1,317	1,280	1,184
Total liabilities and equity	2,860	3,115	3,170	3,263	3,080	3,087	3,080	2,902	2,832	2,809
Shares outstanding	107	107	113	113	114	114	113	102	101	92.2

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	86.7	101	199	57.2	-167	-147	57.6	19.9	16.9	66.9
Depreciation and amortization	152	153	158	155	147	129	133	132	129	131
Stock-based compensation	8.97	9.93	9.17	9.38	10.9	11.6	11.4	13.2	13.7	13.1
Change in payables	-8.19	-11	1.31	2.42	-23.3	24.1	22.5	-6.37	-2.24	-4.14
Cash from operations	229	213	254	247	-77.7	40.8	187	198	164	177
Capital expenditures	-58.8	-86.4	-108	-93	-69.2	-31.8	-70.4	-121	-141	-86.6
Cash from investing	101	-488	-49.8	-223	254	-24.2	-265	-119	-108	-7.08
Debt issued			0	0	501
Debt repaid						0	0	-34.9	0	0
Stock issued			137
Share buybacks	-74	-4.1	0	0	-2.26	0	-28.2	-133	-15.9	-120
Dividends paid	-115	-118	-122	-126	-63.2	-0.05	-0.63	-0.58	-0.35	-0.58
Cash from financing	-243	118	-173	9.66	57.4	109	-110	-222	-135	-89.9
Net change in cash	93.9	-157	31.2	33.3	234	125	-188	-143	-79.5	79.5
Free cash flow	171	126	146	154	-147	8.94	117	77.2	23.2	89.9
Interest paid	44.6	42.9	49.2	46.5	44	74	77.5	83.5	86.4	82.4
Income taxes paid	7.86	4.66	7.71	4.34	1.62	0.27	2.17	-12.9	-0.71	1.94

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $18.17 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	30.8%	Gross profit / revenue.
Operating margin	6.7%	Operating income / revenue.
EBITDA margin	18.5%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-0.6%	Pre-tax income / revenue.
Net margin	-0.7%	Net income / revenue.
FCF margin	10.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	16.6%	Cash from operations / revenue.
Return on equity (ROE)	-0.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-0.3%	Net income / average total assets.
Return on invested capital (ROIC)	2.5%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	1.2%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	6.1%	Capital expenditures / revenue.
D&A / revenue	11.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	3.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	23.9%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	6.9%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	0.5%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	78.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	23.8%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-1.2%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	10.5%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-0.8%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y	290.8%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	4.1%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y	326.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	9.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y	7.8%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-1.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y	288.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-8.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share growth, 1y	16.7%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	40.9%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	15.3%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-8.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-7.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-6.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-0.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-3.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-1.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-5.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-5.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-3.1%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	1.22x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	50.0%	Total debt / total assets.
Liabilities / assets	57.2%	Total liabilities / total assets.
Net debt	$1.25B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	6.18x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	0.86x	Operating income / interest expense.
Goodwill and intangibles / assets	0.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.11B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.40x	Revenue / average total assets.
Capex / operating cash flow	36.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.08	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$11.85	Revenue / diluted weighted shares.
FCF per share	$1.25	Free cash flow / diluted weighted shares.
Operating cash flow per share	$1.97	Cash from operations / diluted weighted shares.
Book value per share	$12.03	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$11.98	Tangible book value / shares outstanding.
Cash per share	$1.22	(Cash + short-term investments) / shares outstanding.
Dividends / FCF	0.7%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	42.3%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.68B	Share price x shares outstanding.
Enterprise value	$2.92B	Market cap + total debt - cash - short-term investments.
P/S	1.53x	Market cap / revenue.
P/B	1.51x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.52x	Market cap / tangible book value, when positive.
P/FCF	14.5x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.22x	Market cap / cash from operations, when positive.
EV/Sales	2.67x	Enterprise value / revenue.
EV/EBIT	40.0x	Enterprise value / operating income, when both are positive.
EV/EBITDA	14.5x	Enterprise value / EBITDA, when both are positive.
EV/FCF	25.3x	Enterprise value / free cash flow, when both are positive.
FCF yield	6.9%	Free cash flow / market cap.
Earnings yield	-0.4%	Net income / market cap (the inverse of P/E).
Dividend yield	0.0%	Dividends paid over the period / market cap.
Shareholder yield	3.0%	(Dividends paid + share buybacks) / market cap.

What was Xenia Hotels & Resorts, Inc.'s revenue in fiscal 2025?

Xenia Hotels & Resorts, Inc. reported revenue of $1.08B for fiscal 2025, 3.8% higher than the year before.

Was Xenia Hotels & Resorts, Inc. profitable in fiscal 2025?

Yes. Net income was $63.1M, a net margin of 5.8%.

How much free cash flow did Xenia Hotels & Resorts, Inc. generate in fiscal 2025?

Cash from operations of $176.5M minus capital expenditures of $86.6M left free cash flow of $89.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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