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DiamondRock Hospitality (DRH) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · DiamondRock Hospitality (DRH) Q3 2026 earnings results →
Q3 2026 Revenue up 4% year over year to $298M · 11¢ of every $1 of revenue kept as net profit · operating margin 17.2%
DiamondRock Hospitality made $298M in Q3 2026 (+4% Y/Y): Rooms $195M, Food and beverage $72.2M, Other $30.0M. Operating margin 17.2%, net earnings $33.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $297.6M in Q3 2026, up 4% year over year and down 6% from the previous quarter. Rooms was the largest line at 66% of revenue. Rooms added $6.4M year over year (up 3%), 52% of the total change.
Operating profit was $51.1M, a 17.2% margin (up 1.8 points year over year). Of the extra revenue versus Q3 2025, 60% reached operating profit, above the 15% margin then. Total costs grew 2% against revenue growth of 4%. The fastest-growing cost line was General & admin (+28%). Net earnings were $33.3M, up 48% year over year. The effective tax rate was 10.9%.
Operating cash flow was $72.7M (down 2% year over year), 218% of net earnings. Non-cash charges added back $28.5M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $8.2M. Capital expenditures of $19.0M left free cash flow of $53.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $298M | +4% | 17.2% | $33.4M | $72.7M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $318M | +4% | 23.0% | $90.8M | $79.6M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $258M | +1% | 11.1% | $14.5M | $21.9M |
| Q4 2025 | 10-K | Feb 27, 2026 | $275M | -2% | 13.8% | $26.4M | $67.9M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $285M | +0.1% | 15.3% | $22.6M | $74.6M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $306M | -1% | 18.4% | $41.0M | $73.6M |
| Q1 2025 | 10-Q | May 2, 2025 | $255M | -0.6% | 9.7% | $11.9M | $27.6M |
Charts
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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About DiamondRock Hospitality
DiamondRock Hospitality Company is a self-managed and self-administered lodging-focused real estate investment trust ("REIT") that owns a portfolio of premium hotels and resorts. As of December 31, 2025, we owned 35 hotels with 9,595 rooms located in 26 markets in the United States. The markets that we target for ownership are those that we believe align with our strategic objectives, which include those in destination markets with constrained supply trends, those that provide geographic diversity relative to our existing portfolio, and those we consider to have high demand growth potential.
In its own words, from its 10-K, filed Feb 27, 2026.
DiamondRock Hospitality against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +11%. Operating margin: 17.2% against the peers' median 17.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| DRH DiamondRock Hospitality | Q3 2026 | $298M | +4% | 17.2% |
| WELL Welltower | Q3 2026 | $3.7B | +38% | 9.1% |
| AMT American Tower | Q3 2026 | $2.8B | +2% | 45.6% |
| EQIX Equinix | Q3 2026 | $2.6B | +11% | 23.3% |
| PLD Prologis | Q1 2026 | $2.3B | +7% | 52.7% |
| IRM Iron Mountain | Q3 2026 | $2.0B | +14% | 20.6% |
| DLR Digital Realty Trust | Q3 2026 | $1.9B | +21% | 15.9% |
| WY Weyerhaeuser | Q3 2026 | $1.9B | +8% | 5.4% |
| VTR Ventas | Q3 2026 | $1.8B | +23% | 2.9% |
Source: DiamondRock Hospitality 10-Q on SEC EDGAR · CIK 1298946 · Real Estate Investment Trusts
Guidance and outlook
13F: who owns DRH and who is buying
More on DRH
- How DiamondRock Hospitality makes money: revenue by segment
- DiamondRock Hospitality next earnings date and what analysts expect
- DiamondRock Hospitality stock forecast, price target and fair value
- Who owns DiamondRock Hospitality stock: holders, funds and Congress trades
- DiamondRock Hospitality guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- DiamondRock Hospitality guidance history: guided vs reported
- DiamondRock Hospitality operating margin by quarter
- DiamondRock Hospitality net income by quarter
- DiamondRock Hospitality free cash flow by quarter
- DiamondRock Hospitality capital expenditures by quarter
- DiamondRock Hospitality Rooms revenue by quarter
- DiamondRock Hospitality Food and beverage revenue by quarter