Forensic Analysis · General / Diversified · as of Jun 27, 2026
Park Hotels & Resorts Inc. (PK)
A forensic read on Park Hotels & Resorts Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Clean
Earnings quality
5
Forensic signals
-6.6%
ROE
$3.0B
Market cap
6.93%
Dividend yield
Park Hotels & Resorts Inc. earns a D (Weak — demands caution) forensic quality grade. 5 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-0%Return on invested capital. Return on invested capital is -0% and slipping from 4% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
1% of revStock-based comp load. Stock-based compensation ran 1% of revenue and 19% of free cash flow in FY2025 — about $0.10 per diluted share. Meaningful — reported free cash flow flatters the economics, since SBC is a real cost paid in shares.
319% of FCFShareholder returns. Returned $325M to shareholders (buybacks + dividends) in FY2025 — 319% of free cash flow, but 82% of operating cash flow. Returns run ahead of free cash flow because the business is also funding heavy growth capex (usually debt-financed); the payout itself is covered by operating cash — sustainable as long as that spending is genuine expansion, not upkeep.
$607MGoodwill impairments. Took $607M of goodwill writedowns across 1 year(s) (FY2020 ($607M)). Writedowns mean past acquisitions underperformed what was paid for them — worth weighing on capital-allocation skill.
-97%Dividend — cut. The payout was CUT ~97% in FY2022 (from FY2020). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin-11.1%
Debt / Equity1.25x
Free Cash Flow$102.0M
Latest Revenue$2.54B
Return on Equity-9.0%
Revenue Growth YoY-2.2%
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🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown
🔒Peer comparison + filing-change monitoring & alerts
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Data from SEC EDGAR public filings · metrics as of Jun 27, 2026. Forensic signals flag probability, not certainty.