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How Sunstone Hotel Investors (SHO) makes money
Sunstone Hotel Investors (SHO) made $234M of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Occupancy brought in $140M (60%); Food and Beverage brought in $68.6M (29%); Hotel Other brought in $25.1M (11%). Of every dollar of revenue, 18¢ was left as operating profit, 16¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Occupancy | $140M | 59.9% | -17% | +0.4% |
| Food and Beverage | $68.6M | 29.4% | -13% | +6% |
| Hotel Other | $25.1M | 10.7% | -16% | -1% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $234M | 100.0% |
| Operating profit | $41.2M | 17.6% |
| Income tax | $296K | 0.1% |
| Net earnings | $38.5M | 16.5% |
| Operating cash flow | $53.7M | 23.0% |
| Free cash flow | $30.5M | 13.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $234M | +2% |
| Q2 2026 | $277M | +7% |
| Q1 2026 | $260M | +11% |
| Q4 2025 | $237M | +10% |
| Q3 2025 | $229M | +1% |
| Q2 2025 | $260M | +5% |
| Q1 2025 | $234M | +8% |
From Sunstone Hotel Investors' 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Sunstone Hotel Investors make money?
Sunstone Hotel Investors (SHO) made $234M of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Occupancy brought in $140M (60%); Food and Beverage brought in $68.6M (29%); Hotel Other brought in $25.1M (11%). Of every dollar of revenue, 18¢ was left as operating profit, 16¢ was left as net earnings.
What is Sunstone Hotel Investors' biggest business?
Occupancy: $140M in the third quarter 2026, 60% of revenue, +0.4% from a year earlier.
What is Sunstone Hotel Investors' profit margin?
Net earnings were $38.5M, 16.5% of revenue, in the third quarter 2026; the operating margin was 17.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.