Filing Flows › DiamondRock Hospitality (DRH) › Q3 2025
DiamondRock Hospitality (DRH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
DiamondRock Hospitality (DRH) reported revenue of $285M for the third quarter 2025 (Q3 2025), +0.1% from a year earlier and -7% from the quarter before. Operating margin was 15.3%, net earnings $22.6M (7.9% of revenue).
DiamondRock Hospitality, Q3 2025: revenue $285M (+0.1% year over year), operating margin 15.3%, net earnings $22.6M, operating cash flow $74.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $285M | -7% | +0.1% |
| Operating profit | $43.8M | -22% | +2% |
| Net earnings | $22.6M | -45% | -15% |
| Operating cash flow | $74.6M | +1% | +21% |
| Free cash flow | $54.9M | -5% | +41% |
What changed
Revenue was $285.4M in Q3 2025, roughly flat year over year and down 7% from the previous quarter. Rooms was the largest line at 66% of revenue. Other added $2.0M year over year (up 7%), 788% of the total change. Rooms declined 2%.
Operating profit was $43.8M, a 15.3% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 318% reached operating profit, above the 15% margin then. Total costs fell 0% while revenue was flat. The fastest-growing cost line was General & admin (+12%). Net earnings were $22.5M, down 15% year over year. The effective tax rate was 2.0%.
Operating cash flow was $74.6M (up 21% year over year), 329% of net earnings. Non-cash charges added back $28.4M of depreciation and amortization and $1.9M of share-based compensation. Working capital and other items added $21.7M. Capital expenditures of $19.7M left free cash flow of $54.9M.
Questions
What was DiamondRock Hospitality's revenue in the third quarter 2025?
DiamondRock Hospitality (DRH) reported revenue of $285M for the third quarter 2025 (Q3 2025), +0.1% from a year earlier and -7% from the quarter before.
Was DiamondRock Hospitality profitable in the third quarter 2025?
Operating profit was $43.8M (15.3% of revenue) and net earnings $22.6M.