Braemar Hotels & Resorts (BHR-PD) Gross Margin (2013 - 2026)

Braemar Hotels & Resorts has disclosed Gross Margin across 14 years of filings, most recently posting 37.86% for Q1 2026.

• Gross Margin for Q1 2026 came in at 37.86%, up 74.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 30.24% (down 61.0% YoY), and the FY2025 annual result was 30.09%, down 103.0% from the prior year.
• Gross Margin came in at 37.86% for Q1 2026 at Braemar Hotels & Resorts, up from 27.63% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 39.11% in Q1 2022 to a low of 22.25% in Q3 2025.
• The 5-year median for Gross Margin is 30.51% (2023), against an average of 31.64%.
• Across the five-year window, Gross Margin surged 595 bps in 2022 and sank 376 bps in 2024, its largest moves.
• Braemar Hotels & Resorts' Gross Margin stood at 29.75% in 2022, then grew by 3 bps to 30.51% in 2023, then dropped by 6 bps to 28.68% in 2024, then slipped by 4 bps to 27.63% in 2025, then jumped by 37 bps to 37.86% in 2026.
• The last three Gross Margin figures came in at 37.86% (Q1 2026), 27.63% (Q4 2025), and 22.25% (Q3 2025), per Business Quant data.