Filing Flows › DiamondRock Hospitality (DRH) › Q4 2025
DiamondRock Hospitality (DRH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
DiamondRock Hospitality (DRH) reported revenue of $275M for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -4% from the quarter before. Operating margin was 13.8%, net earnings $26.4M (9.6% of revenue).
DiamondRock Hospitality, Q4 2025: revenue $275M (-2% year over year), operating margin 13.8%, net earnings $26.4M, operating cash flow $67.9M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $275M | -4% | -2% |
| Operating profit | $37.9M | -13% | +732% |
| Net earnings | $26.4M | +16% | — |
| Operating cash flow | $67.9M | -9% | -10% |
| Free cash flow | $47.3M | -14% | -10% |
What changed
Revenue was $274.5M in Q4 2025, down 2% year over year and down 4% from the previous quarter. Rooms was the largest line at 65% of revenue.
Operating profit was $37.9M, a 13.8% margin (up 12.2 points year over year). Total costs fell 14% while revenue fell 2%. The fastest-growing cost line was General & admin (+11%). Net earnings were $26.2M. The effective tax rate was -7.5%.
Operating cash flow was $67.9M (down 10% year over year), 258% of net earnings. Non-cash charges added back $1.7M of share-based compensation. Working capital and other items added $39.9M. Capital expenditures of $20.6M left free cash flow of $47.3M.
Questions
What was DiamondRock Hospitality's revenue in the fourth quarter 2025?
DiamondRock Hospitality (DRH) reported revenue of $275M for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -4% from the quarter before.
Was DiamondRock Hospitality profitable in the fourth quarter 2025?
Operating profit was $37.9M (13.8% of revenue) and net earnings $26.4M.