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Park Hotels & Resorts Gross Margin %

: 32.09% (As of Jun. 2022)
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Gross Margin % is calculated as gross profit divided by its revenue. Park Hotels & Resorts's Gross Profit for the three months ended in Jun. 2022 was $223 Mil. Park Hotels & Resorts's Revenue for the three months ended in Jun. 2022 was $695 Mil. Therefore, Park Hotels & Resorts's Gross Margin % for the quarter that ended in Jun. 2022 was 32.09%.


The historical rank and industry rank for Park Hotels & Resorts's Gross Margin % or its related term are showing as below:

PK' s Gross Margin % Range Over the Past 10 Years
Min: -18.9   Med: 30.03   Max: 30.84
Current: 25.44


During the past 9 years, the highest Gross Margin % of Park Hotels & Resorts was 30.84%. The lowest was -18.90%. And the median was 30.03%.

PK's Gross Margin % is ranked worse than
97.34% of 639 companies
in the REITs industry
Industry Median: 68.76 vs PK: 25.44

Park Hotels & Resorts had a gross margin of 32.09% for the quarter that ended in Jun. 2022 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Park Hotels & Resorts was 0.00% per year.


Park Hotels & Resorts Gross Margin % Historical Data

The historical data trend for Park Hotels & Resorts's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Park Hotels & Resorts Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.20 30.03 30.34 -18.90 16.67

Park Hotels & Resorts Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.03 22.46 22.39 21.29 32.09

Competitive Comparison

For the REIT - Hotel & Motel subindustry, Park Hotels & Resorts's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Park Hotels & Resorts Gross Margin % Distribution

For the REITs industry and Real Estate sector, Park Hotels & Resorts's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Park Hotels & Resorts's Gross Margin % falls into.



Park Hotels & Resorts Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Park Hotels & Resorts's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=227 / 1362
=(Revenue - Cost of Goods Sold) / Revenue
=(1362 - 1135) / 1362
=16.67 %

Park Hotels & Resorts's Gross Margin for the quarter that ended in Jun. 2022 is calculated as


Gross Margin % (Q: Jun. 2022 )=Gross Profit (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=223 / 695
=(Revenue - Cost of Goods Sold) / Revenue
=(695 - 472) / 695
=32.09 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Park Hotels & Resorts  (NYSE:PK) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Park Hotels & Resorts had a gross margin of 32.09% for the quarter that ended in Jun. 2022 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Park Hotels & Resorts Gross Margin % Related Terms

Thank you for viewing the detailed overview of Park Hotels & Resorts's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Park Hotels & Resorts Business Description

Park Hotels & Resorts logo
Traded in Other Exchanges
Address
1775 Tysons Boulevard, 7th Floor, Tysons, VA, USA, 22102
Park Hotels & Resorts owns upper-upscale and luxury hotels with 27,889 rooms across 48 hotels in the United States. Park also has interests through joint ventures in another 4,297 rooms in seven U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and 15 lower-quality U.S. hotels to focus on high-quality assets in domestic, gateway markets.
Executives
Vu Nancy M. officer: SVP,Gen. Counsel & Secretary 1775 TYSONS BLVD. 7TH FLOOR TYSONS VA 22102
Natelli Thomas A director 1997 ANNAPOLIS EXCHANGE PARKWAY SUITE 410 ANNAPOLIS MD 21401
Eckert Thomas D director 1997 ANNAPOLIS EXCHANGE PARKWAY SUITE 410 ANNAPOLIS MD 21401
Mayfield Carl A. officer: EVP, Design and Construction C/O PARK HOTELS & RESORTS INC. 1775 TYSONS BLVD, 7TH FLOOR TYSONS VA 22102
Garrett Geoffrey director C/O PARK HOTELS & RESORTS 1775 TYSONS BOULEVARD, 7TH FLOOR TYSONS VA 22102
Xianyu Mu director C/O PARK HOTELS & RESORTS INC. 1600 TYSONS BOULEVARD, STE. 1000 MCLEAN VA 22102
Hna Tourism (hk) Group Co., Ltd. 10 percent owner THE CENTER, 99 QUEEN'S ROAD CENTRAL CENTRAL K3 999077
Hna Hlt Holdco I Llc 10 percent owner THE CORPORATION TRUST COMPANY 1209 ORANGE STREET WILMINGTON DE 19801
Hna Hlt Holdco Iii Ltd 10 percent owner THE CENTER 99 QUEEN?S ROAD CENTRAL CENTRAL K3 999077
Hna Group Co., Ltd. 10 percent owner HNA BUILDING NO. 7 GUOXING ROAD HAIKOU, HAINAN F4 570203
Hna Hlt Holdco Ii Llc 10 percent owner THE CORPORATION TRUST COMPANY 1209 ORANGE STREET WILMINGTON DE 19801
Hna Tourism Group Co., Ltd. 10 percent owner HNA BUILDING NO. 7 GUOXING ROAD HAIKOU F4 570203
Hlt Breh Vi-a Holdings Prime Holdco Llc 10 percent owner C/O THE BLACKSTONE GROUP L.P. 345 PARK AVE. NEW YORK NY 10154
Bedient Patricia M director 33663 WEYERHAEUSER WAY SOUTH FEDERAL WAY WA 98003
Olander Jill C officer: See Remarks C/O PARK HOTELS & RESORTS INC. 1775 TYSONS BLVD., 7TH FLOOR TYSONS VA 22102

Park Hotels & Resorts Headlines

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