Braemar Hotels & Resorts (BHR) Gross Margin (2013 - 2026)
Braemar Hotels & Resorts (BHR) posted Gross Margin of 37.86% for Q1 2026, up 37.02% sequentially from 27.63% in Q4 2025, and up 74.0% YoY from 21.76% in Q1 2025.
Braemar Hotels & Resorts (BHR) Gross Margin (2013 - 2026) Analysis & Trends
Braemar Hotels & Resorts has reported Gross Margin for 14 years, with the latest figure at 37.86% in Q1 2026.
- Quarterly Gross Margin rose 74.0% year-over-year to 37.86% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 30.24% (down 61.0% YoY) and the FY2025 annual result came in at 30.09%, down 103.0% from the prior year.
- Gross Margin rose to 37.86% in Q1 2026 per BHR's latest filing, from 27.63% in the prior quarter.
- Over five years, Gross Margin peaked at 39.11% in Q1 2022 and troughed at 22.25% in Q3 2025.
- A 5-year average of 31.64% and a median of 30.51% in 2023 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin jumped 595 bps in 2022, then sank 376 bps in 2024.
- Over 5 years, Gross Margin stood at 29.75% in 2022, then rose by 3 bps to 30.51% in 2023, then fell by 6 bps to 28.68% in 2024, then declined by 4 bps to 27.63% in 2025, then soared by 37 bps to 37.86% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 37.86%, 27.63%, and 22.25% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ryman Hospitality Properties | 8.08 Bn | 7.71 Bn | 364.88 Mn | 48.72% |
| 2 | Apple Hospitality REIT | 3.88 Bn | 3.87 Bn | 174.97 Mn | 43.47% |
| 3 | Park Hotels & Resorts | 3.16 Bn | 2.89 Bn | 232.00 Mn | 34.12% |
| 4 | DiamondRock Hospitality | 2.61 Bn | 2.51 Bn | 123.23 Mn | 38.72% |
| 5 | Sunstone Hotel Investors | 2.08 Bn | 1.88 Bn | 242.17 Mn | 87.39% |
| 6 | Pebblebrook Hotel Trust | 2.07 Bn | 1.81 Bn | 154.61 Mn | 37.97% |
| 7 | Xenia Hotels & Resorts | 1.78 Bn | 1.67 Bn | 97.24 Mn | 32.91% |
| 8 | RLJ Lodging Trust | 1.71 Bn | 768.08 Mn | - | - |
| 9 | Service Properties Trust | 1.03 Bn | 1.03 Bn | 156.32 Mn | 37.13% |
| 10 | Braemar Hotels & Resorts | 141.48 Mn | 47.61 Mn | 53.85 Mn | 31.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.49% |
| Mar 31, 2026 | 37.86% |
| Dec 31, 2025 | 27.63% |
| Sep 30, 2025 | 22.25% |
| Jun 30, 2025 | 30.18% |
| Mar 31, 2025 | 37.12% |
| Dec 31, 2024 | 28.68% |
| Sep 30, 2024 | 23.37% |
| Jun 30, 2024 | 31.57% |
| Mar 31, 2024 | 37.91% |
| Dec 31, 2023 | 30.51% |
| Sep 30, 2023 | 27.13% |
| Jun 30, 2023 | 32.92% |
| Mar 31, 2023 | 36.79% |
| Dec 31, 2022 | 29.75% |
| Sep 30, 2022 | 30.08% |
| Jun 30, 2022 | 35.02% |
| Mar 31, 2022 | 39.11% |
| Dec 31, 2021 | 32.74% |
| Sep 30, 2021 | 33.68% |