Braemar Hotels & Resorts (BHR) Gross Margin (2013 - 2026)
Braemar Hotels & Resorts (BHR) recorded Gross Margin of 31.49% in Q2 2026, up 1.31 percentage points from 30.18% a year earlier but down 6.38 percentage points from the prior quarter.
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Analysis
Braemar Hotels & Resorts (BHR) Gross Margin (2013 - 2026) Analysis & Trends
On a TTM basis, Braemar Hotels & Resorts' Gross Margin came in at 30.57% as of Jun 30, 2026, up 0.07 percentage points year-over-year; for FY2025, it came in at 30.09%, down 1.03 percentage points from FY2024.
- Annual Gross Margin has declined for three straight years, though with a five-year change of +13.79 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 31.12% in FY2024 (-1.10 pp), 32.22% in FY2023 (-1.25 pp), 33.47% in FY2022 (+0.60 pp) and 32.87% in FY2021 (+16.57 pp).
- Quarterly Gross Margin has ranged from 22.25% in Q3 2025 to 39.11% in Q1 2022 over the past five years.
- On a year-over-year basis, Gross Margin rose in two of the last eight quarters, with an average year-over-year change of -0.99 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 18.16 percentage points in Q3 2021, against a drop of 3.76 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 37.86% (Q1 2026), 27.63% (Q4 2025) and 22.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 166.01 Bn | 148.52 Bn | 1.39 Bn | 39.34% |
| 2 | Prologis | 121.16 Bn | 125.55 Bn | - | - |
| 3 | Simon Property | 65.49 Bn | 66.75 Bn | - | - |
| 4 | Realty Income | 51.38 Bn | 53.76 Bn | - | - |
| 5 | Public Storage | 49.67 Bn | 48.75 Bn | - | - |
| 6 | Ventas | 43.61 Bn | 42.81 Bn | - | - |
| 7 | Extra Space Storage | 27.79 Bn | 27.79 Bn | 642.43 Mn | 73.49% |
| 8 | Vici Properties | 25.29 Bn | 23.41 Bn | 1.05 Bn | 99.30% |
| 9 | Vivmark Residential | 22.78 Bn | 22.97 Bn | - | - |
| 10 | Braemar Hotels & Resorts | 114.01 Mn | -298.68 Mn | 53.85 Mn | 31.49% |
Historic Data
Download Data
Historic 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% |
API Access
Braemar Hotels & Resorts Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BHR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BHR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BHR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();