HST vs SHO vs TNL Stock Comparison

Host Hotels & Resorts, Sunstone Hotel Investors and Travel & Leisure Prices as of Oct 28, 2026 Peers: Industry group
TNL Travel & Leisure Co.
$68.35 +7.0% 1M +5.7% 1Y
Market cap
$4.38B
P/E
18.6x
Revenue (TTM)
$4.15B
Div. yield
0.03%
Vacation Ownership Consumer Discretionary
2 wins

Head to Head

12 decided of 12

Host Hotels & Resorts leads on 8 of the 12 questions below (Host Hotels & Resorts 8, Travel & Leisure 2, Sunstone Hotel Investors 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionHSTSHOTNLLeader
Larger companyMarket capitalisation $17.60B $2.39B $4.38B HST
Cheaper on earningsLower P/E, profitable companies only 17.1x 56.7x 18.6x HST
Cheaper on forward earningsLower price / next fiscal year consensus EPS 17.4x 49.1x 9.5x TNL
Faster revenue growthRevenue growth, trailing twelve months +4.9% +7.3% +4.6% SHO
More profitableNet margin, trailing twelve months 16.5% 4.2% 5.7% HST
Better return on capitalReturn on invested capital 7.4% — 13.2% TNL
Less leveragedLower net debt / EBITDA 1.8x 1.9x 6.0x HST
Higher dividend yieldTrailing dividend yield 0.04% 0.00% 0.03% HST
Better 1-year returnPrice return, last 12 months +54.9% +41.1% +5.7% HST
Better 5-year returnAnnualised price return, 5 years +8.5%/yr +0.7%/yr +4.7%/yr HST
Less volatileAnnualised volatility, 1 year 25.3% 22.8% 33.1% SHO
Higher overall scoreMean of the five percentile scores vs peers 74/100 73/100 54/100 HST

Percentile Scorecard

HSTSHOTNL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisHSTSHOTNL
Valuation 84 #24 of 145 91 #14 of 145 82 #6 of 28
Growth 62 #54 of 142 62 #55 of 142 29 #18 of 25
Profitability 74 #36 of 135 64 #49 of 135 58 #11 of 25
Financial Health 76 #34 of 136 91 #13 of 136 14 #26 of 30
Shareholder Returns 72 #37 of 131 59 #54 of 131 89 #3 of 19
Overall 74 73 54
  • HST ranked among 149 companies in Property REITs
  • SHO ranked among 149 companies in Property REITs
  • TNL ranked among 31 companies in Travel and Lodging

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodHSTSHOTNLSPY
1 month +11.5%+13.0%+7.0% +0.9%
3 months -1.1%+8.5%-12.0% +5.9%
6 months +20.0%+29.9%+8.2% +8.5%
Year to date +42.5%+42.8%-3.1% +13.3%
1 year +54.9%+41.1%+5.7% +12.4%
3 years +67.9%+41.3%+110.2% +88.1%
3 years, per year +18.9%+12.2%+28.1% +23.5%
5 years +50.1%+3.5%+25.8% +68.2%
5 years, per year +8.5%+0.7%+4.7% +11.0%
10 years +68.5%+3.0%+133.0% +263.4%
10 years, per year +5.4%+0.3%+8.8% +13.8%

Risk

MeasureHSTSHOTNLSPY
Volatility, 1Y 25.3%22.8%33.1% 12.7%
Downside volatility, 1Y 25.3%23.7%37.6% 12.7%
Beta vs S&P 500, 1Y 0.670.600.96 1.00
Return / volatility, 1Y 2.171.800.17 0.98
Max drawdown, 5Y -40.2%-41.6%-47.6% -25.4%
From 52-week high -1.1%0.0%-13.2% -0.9%
52-week high $25.54$12.77$78.74 $779.14
52-week low $16.02$8.73$61.25 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleHSTSHOTNL
P/E now vs peer median 16.9xmedian 25.8x 56.0xmedian 25.8x 17.8xmedian 18.2x
P/S now vs peer median 2.8xmedian 4.0x 2.4xmedian 4.0x 1.0xmedian 1.5x
EV/EBITDA now vs peer median 12.0xmedian 14.2x 7.7xmedian 14.2x 12.1xmedian 14.1x
P/FCF now vs peer median 17.1xmedian 23.0x 24.5xmedian 23.0x 9.9xmedian 16.4x
P/B now vs peer median 2.7xmedian 1.3x 1.3xmedian 1.3x -4.1xmedian 2.5x
PEG now vs peer median 1.40median 1.91 -2.98median 1.91 -2.13median 0.30

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsHSTSHOTNL
Revenue $6.22B $1.00B $4.15B
Gross profit $1.68B $608.66M $3.85B
Operating income $905.00M $262.94M $541.00M
Net income $1.04B $53.12M $235.00M
Free cash flow $1.02B $96.80M $417.00M
EPS (diluted) $1.49 $0.23 $3.75
Cash & equivalents $1.95B $203.71M –
Total debt $5.08B $968.37M $4.04B
Shares (diluted) 687.00M 185.55M 62.60M
Enterprise value $12.64B $1.64B $4.38B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricHSTSHOTNL
P/E 16.9x 56.0x 17.8x
P/FCF 17.1x 24.5x 9.9x
P/Operating cash flow 10.8x 12.0x 8.0x
P/S 2.8x 2.4x 1.0x
P/B 2.7x 1.3x -4.1x
P/Tangible book 2.7x 1.3x -3.2x
EV/EBITDA 12.0x 7.7x 12.1x
EV/EBIT 22.6x 11.9x 15.1x
EV/Revenue 3.3x 3.1x 2.0x
EV/FCF 20.1x 32.4x 19.6x
EV/Operating cash flow 12.7x 15.8x 15.9x
PEG (3Y EPS CAGR) 1.40 -2.98 -2.13

Growth

14 metrics
MetricHSTSHOTNL
Revenue growth (1Y) 4.9% 7.3% 4.6%
Revenue CAGR (3Y) 6.0% -0.2% 3.8%
Gross profit growth (1Y) 3.6% 7.6% -1.3%
Gross profit CAGR (3Y) -4.7% -1.1% 2.5%
Operating income growth (1Y) 6.0% 8.2% -30.8%
Operating income CAGR (3Y) 3.2% 45.3% -7.8%
Net income growth (1Y) 55.8% 164.1% -42.8%
Net income CAGR (3Y) 10.6% -19.6% -13.2%
EPS growth (1Y) 57.4% 917.8% -39.6%
EPS CAGR (3Y) 12.0% -18.8% -8.4%
Operating cash flow growth (1Y) 12.4% 18.2% -16.6%
Operating cash flow CAGR (3Y) 1.7% -4.2% 11.1%
Free cash flow growth (1Y) 874.8% 318.6% -17.6%
Free cash flow CAGR (3Y) 16.6% -4.3% 9.8%

Profitability

14 metrics
MetricHSTSHOTNL
Gross margin 27.0% 60.7% 92.7%
EBITDA margin 27.4% 40.4% 16.2%
Operating margin 14.6% 26.2% 13.0%
Pretax margin 17.6% 5.3% 8.1%
Net margin 16.5% 4.2% 5.7%
FCF margin 16.3% 9.7% 10.0%
Operating cash flow margin 25.8% 19.8% 12.3%
Return on equity 15.8% 2.8% –
Return on assets 7.9% 1.8% 3.3%
Return on invested capital 7.4% – 13.2%
Return on capital employed – – –
Asset turnover 0.5x 0.3x 0.6x
Cash conversion (OCF / net income) 1.5x 3.7x 2.2x
Stock comp / revenue 0.4% 1.0% 1.5%

Financial Health

11 metrics
MetricHSTSHOTNL
Debt / assets 38.3% 31.9% 55.3%
Debt / equity 0.8x 0.5x -4.0x
Net debt / EBITDA 1.8x 1.9x 6.0x
Debt / FCF 5.0x 10.0x 9.7x
Liabilities / assets 51.8% 38.0% 113.8%
Equity / assets 48.2% 62.0% -13.8%
Interest coverage 3.8x 5.2x 1.5x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricHSTSHOTNL
Dividend yield 3.8% 2.8% 3.5%
Net buyback yield 0.4% 3.1% 7.8%
Shareholder yield 4.2% 5.9% 11.3%
Payout ratio (earnings) 62.6% – 63.4%
Payout ratio (FCF) 64.2% – 35.7%
Dividend growth (1Y) 3.8% – 0.7%
Dividend CAGR (3Y) 13.8% – 2.8%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusHSTSHOTNL
Forward P/E 17.4xFY2026 49.1xFY2026 9.5xFY2026
EPS, next fiscal year $1.45FY2026 $0.26FY2026 $7.22FY2026
EPS growth, next FY +31.8%FY2026 +550.0%FY2026 +13.9%FY2026
EPS growth, the year after -30.3% -11.5% +24.9%
Revenue, next fiscal year $6.55BFY2026 $966.48MFY2026 $4.44BFY2026
Revenue growth, next FY +7.2%FY2026 +0.7%FY2026 +10.5%FY2026
Revenue growth, the year after -0.2% -7.8% +2.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersHSTSHOTNL
Held by institutions 100.0% 100.0% 100.0%
Institutions holding 737 273 473
Change in shares held, QoQ +2.7% +2.6% +5.0%
Institutions buying 432 136 199
Institutions selling 209 97 193
Buyers to sellers 2.07 1.40 1.03

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

HSTSHOTNL
HST 1.00 0.75 0.54
SHO 0.75 1.00 0.53
TNL 0.54 0.53 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, HST, SHO and TNL?

Host Hotels & Resorts (HST) is the largest by market capitalisation: Host Hotels & Resorts (HST) $17.60B, Sunstone Hotel Investors (SHO) $2.39B, Travel & Leisure (TNL) $4.38B.

Which stock is cheaper, HST, SHO and TNL?

Host Hotels & Resorts (HST) trades on the lowest price-to-earnings ratio (Host Hotels & Resorts (HST) 17.1x, Sunstone Hotel Investors (SHO) 56.7x, Travel & Leisure (TNL) 18.6x). On next year's consensus earnings, Travel & Leisure (TNL) is cheapest (Host Hotels & Resorts (HST) 17.4x, Sunstone Hotel Investors (SHO) 49.1x, Travel & Leisure (TNL) 9.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Sunstone Hotel Investors (SHO) grew revenue fastest over the trailing twelve months: Host Hotels & Resorts (HST) +4.9%, Sunstone Hotel Investors (SHO) +7.3%, Travel & Leisure (TNL) +4.6%.

Which company is more profitable?

Host Hotels & Resorts (HST) has the highest net margin (Host Hotels & Resorts (HST) 16.5%, Sunstone Hotel Investors (SHO) 4.2%, Travel & Leisure (TNL) 5.7%). On return on invested capital, Travel & Leisure (TNL) leads (Host Hotels & Resorts (HST) 7.4%, Travel & Leisure (TNL) 13.2%).

Which stock has performed better?

Over the past year Host Hotels & Resorts (HST) returned the most: Host Hotels & Resorts (HST) +54.9%, Sunstone Hotel Investors (SHO) +41.1%, Travel & Leisure (TNL) +5.7%. Over five years, Host Hotels & Resorts (HST) compounded fastest (Host Hotels & Resorts (HST) +8.5%/yr, Sunstone Hotel Investors (SHO) +0.7%/yr, Travel & Leisure (TNL) +4.7%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Host Hotels & Resorts (HST) has the highest dividend yield: Host Hotels & Resorts (HST) 0.04%, Sunstone Hotel Investors (SHO) 0.00%, Travel & Leisure (TNL) 0.03%. Sunstone Hotel Investors (SHO) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Sunstone Hotel Investors (SHO) has been the steadiest (Host Hotels & Resorts (HST) 25.3%, Sunstone Hotel Investors (SHO) 22.8%, Travel & Leisure (TNL) 33.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, HST, SHO and TNL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Host Hotels & Resorts (HST) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.