Filing Flows › DiamondRock Hospitality (DRH) › Q1 2025
DiamondRock Hospitality (DRH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 2, 2025
DiamondRock Hospitality (DRH) reported revenue of $255M for the first quarter 2025 (Q1 2025), -0.6% from a year earlier and -9% from the quarter before. Operating margin was 9.7%, net earnings $11.9M (4.7% of revenue).
DiamondRock Hospitality, Q1 2025: revenue $255M (-0.6% year over year), operating margin 9.7%, net earnings $11.9M, operating cash flow $27.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $255M | -9% | -0.6% |
| Operating profit | $24.8M | +443% | +10% |
| Net earnings | $11.9M | — | +43% |
| Operating cash flow | $27.6M | -64% | -12% |
| Free cash flow | $2.0M | -96% | -83% |
What changed
Revenue was $254.9M in Q1 2025, down 1% year over year and down 9% from the previous quarter. Rooms was the largest line at 64% of revenue. Food and beverage lost $1.5M year over year (down 2%), 98% of the total change.
Operating profit was $24.8M, a 9.7% margin (up 1.0 points year over year). Total costs fell 2% while revenue fell 1%. Net earnings were $11.9M, up 42% year over year. The effective tax rate was -7.6%.
Operating cash flow was $27.6M (down 12% year over year), 232% of net earnings. Non-cash charges added back $27.9M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $13.5M. Capital expenditures of $25.6M left free cash flow of $2.0M.
Questions
What was DiamondRock Hospitality's revenue in the first quarter 2025?
DiamondRock Hospitality (DRH) reported revenue of $255M for the first quarter 2025 (Q1 2025), -0.6% from a year earlier and -9% from the quarter before.
Was DiamondRock Hospitality profitable in the first quarter 2025?
Operating profit was $24.8M (9.7% of revenue) and net earnings $11.9M.