Filing Flows › Sunstone Hotel Investors (SHO) › Q3 2026 › vs Q3 2025
Sunstone Hotel Investors (SHO) Q3 2026 vs Q3 2025 (year over year)
Sunstone Hotel Investors's revenue rose $4.4M (+2%) from $229M in Q3 2025 to $234M in Q3 2026. The biggest changes: Food and Beverage +$4.2M (+6%); Occupancy +$530K (+0.4%); Hotel Other −$317K (-1%). Operating margin 17.6% against 0.6% (+17.0 pts).
Sunstone Hotel Investors, Q3 2026: revenue $234M (+2% year over year), operating margin 17.6%, net earnings $38.5M, operating cash flow $53.7M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 17.6% | 0.6% | +17.0 pts |
| Net margin | 16.5% | -1.3% | +17.8 pts |
| Free cash flow margin | 13.1% | 16.0% | -2.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Occupancy | $140M | $140M | $530K | +0.4% |
| Food and Beverage | $68.6M | $64.4M | $4.2M | +6% |
| Hotel Other | $25.1M | $25.4M | −$317K | -1% |
| Revenue | $234M | $229M | $4.4M | +2% |
| Operating profit | $41.2M | $1.5M | $39.7M | 28× |
| Costs & expenses | $193M | $228M | −$35.3M | -16% |
| Pre-tax earnings | $41.2M | $1.5M | $39.7M | 28× |
| General & admin | $6.4M | $7.0M | −$560K | -8% |
| Other operating costs | $186M | $221M | −$34.8M | -16% |
| Net earnings | $38.5M | −$3.0M | $41.5M | — |
| Minority interests | $2.4M | $4.3M | −$2.0M | -45% |
| Income tax | $296K | $137K | $159K | +116% |
| Depreciation & amortization | $30.3M | $33.9M | −$3.6M | -11% |
| Share-based compensation | $2.0M | $1.9M | $110K | +6% |
| Working capital & other | $17.1M | −$21.5M | $38.6M | — |
| Operating cash flow | $53.7M | $54.4M | −$628K | -1% |
| Free cash flow (OCF − capex) | $30.5M | $36.7M | −$6.2M | -17% |
| Capital expenditures | $23.2M | $17.7M | $5.6M | +31% |
Questions
How much did Sunstone Hotel Investors's revenue grow year over year in Q3 2026?
Sunstone Hotel Investors's revenue rose $4.4M (+2%) from $229M in Q3 2025 to $234M in Q3 2026.
What drove Sunstone Hotel Investors's revenue change in Q3 2026?
Food and Beverage +$4.2M (+6%); Occupancy +$530K (+0.4%); Hotel Other −$317K (-1%).