The company maintains a disciplined capital structure with a debt-to-equity ratio of 0.81 as of 2025Q4, providing a buffer against the cyclical nature of the lodging sector.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 |
|---|
| Total Assets | 3.01B | 3B | 3.17B | 3.24B | 3.21B | 2.97B | 3.15B | 3.43B | 3.2B | 3.1B | 3.07B | 3.32B | 3.16B | 3.05B | 2.94B | 2.8B | 2.41B | 2.22B | 2.1B | 2.13B | 1.82B | 966.01M | 391.69M |
| Asset Growth % | -15.13% | -5.31% | -2.05% | 0.97% | 8.17% | -5.77% | -8.14% | 7.14% | 3.12% | 1.02% | -7.56% | 5.13% | 3.63% | 3.52% | 5.2% | 15.9% | 8.99% | 5.37% | -1.36% | 17.19% | 88.3% | 146.63% | - |
| Real Estate & Other Assets | 0 | 0 | 82.96M | 73.94M | 76.13M | 17.47M | 28.4M | 29.85M | -35.29M | 24.49M | 19.13M | 8.63M | 8.02M | 7.7M | 9.72M | 0 | 0 | 0 | 43.95M | 46.09M | 13.82M | 0 | 0 |
| PP&E (Net) | 2.66B | 2.69B | 2.72B | 2.85B | 2.85B | 2.75B | 2.91B | 3.12B | 2.94B | 2.69B | 2.65B | 2.88B | 2.76B | 2.57B | 2.61B | 2.23B | 2.07B | 1.86B | 1.92B | 1.94B | 1.69B | 870.56M | 285.64M |
| Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | -1000K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 39.29M | 68.08M | 368.14M | 311.86M | 283.89M | 196.18M | 204.34M | 271M | 189.02M | 381.88M | 404.77M | 405.7M | 351.66M | 432.6M | 281.89M | 564.13M | 343.01M | 353.4M | 138.37M | 146.71M | 118.72M | 95.45M | 106.05M |
| Cash & Equivalents | 39.29M | 68.08M | 81.38M | 121.59M | 67.56M | 38.62M | 111.8M | 122.52M | 43.86M | 183.57M | 243.09M | 213.58M | 144.37M | 144.58M | 9.62M | 26.29M | 84.2M | 177.38M | 13.83M | 29.77M | 19.69M | 9.43M | 76.98M |
| Receivables | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | -137.79M | 140.81M | 45.58M | 39.61M | 19.41M | -5.35M | 27.41M | 37.23M | 71.49M | 26.94M | 12.58M | 21.99M | 9.63M | 2.32M | 251.37M | 100.05M | 72.22M | 74.01M | 31.74M | 28.59M | 36.56M | 22.1M |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63.95M | 26.69M | 18.01M | 23.95M | 34.27M | 39.94M | 40.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.56B | 1.55B | 1.57B | 1.59B | 1.61B | 1.44B | 1.43B | 1.5B | 1.31B | 1.27B | 1.23B | 1.5B | 1.33B | 1.37B | 1.25B | 1.3B | 1B | 1.04B | 1.08B | 1.05B | 1.03B | 502.62M | 196.1M |
| Total Debt | 0 | 1.19B | 1.18B | 1.29B | 1.3B | 1.18B | 1.15B | 1.27B | 977.97M | 937.79M | 920.54M | 1.18B | 1.04B | 1.09B | 988.73M | 1.04B | 780.88M | 786.78M | 878.35M | 824.53M | 843.77M | 431.18M | 180.77M |
| Net Debt | -39.29M | 1.12B | 1.1B | 1.17B | 1.23B | 1.14B | 1.04B | 1.15B | 934.1M | 754.22M | 677.44M | 964.11M | 893.97M | 947.28M | 979.11M | 1.02B | 696.68M | 609.4M | 864.52M | 794.75M | 824.08M | 421.75M | 103.79M |
| Long-Term Debt | 0 | 1.1B | 1.1B | 1.18B | 1.19B | 977.22M | 993.7M | 1.09B | 977.97M | 937.79M | 920.54M | 1.17B | 1.04B | 1.09B | 988.73M | 1.04B | 780.88M | 786.78M | 878.35M | 824.53M | 843.77M | 431.18M | 180.77M |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 90M | 55M | 75M | 0 | 0 | 0 | 0 | 0 | 0 | 20M | 100M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 259.76M | 87.05M | 85.23M | 112.87M | 110.88M | 108.61M | 104.97M | 103.63M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 6.99M | 360.71M | 392.79M | 299.83M | 314.69M | 358.51M | 329.18M | 310.98M | 329.02M | 329.42M | 312.14M | 318.16M | 291.03M | 275.22M | 260.2M | 147.04M | 117.4M | 108.95M | 122.15M | 140.7M | 102.42M | 71.45M | 15.33M |
| Accounts Payable | 0 | 193.46M | 200.94M | 156.09M | 166.8M | 136.73M | 142.09M | 154.39M | 124.07M | 132.06M | 94.79M | 124.18M | 172.33M | 156.44M | 139.88M | 129.64M | 117.4M | 108.95M | 66.62M | 64.98M | 42.51M | 24.06M | 3.08M |
| Deferred Revenue | 6.99M | 7.4M | 139.47M | 137.42M | 134.95M | 131.78M | 132.09M | 130.78M | 178.61M | 171.66M | 173.22M | 98.22M | 97.78M | 101.8M | 104.41M | 24.59M | 19.2M | 19.76M | 20.33M | 15.88M | 11.49M | 10.31M | 2.49M |
| Other Liabilities | 1.55B | 0 | 0 | 0 | 0 | 0 | -132.09M | -130.78M | 0 | 0 | 0 | 233.73M | 0 | 0 | 0 | -106.51M | 83.61M | 124.49M | 84.4M | 86.12M | 178.77M | -1K | 0 |
| Total Equity | 1.45B | 1.46B | 1.6B | 1.65B | 1.6B | 1.52B | 1.72B | 1.92B | 1.89B | 2.55B | 2.47B | 1.82B | 1.83B | 1.68B | 1.7B | 1.5B | 1.41B | 1.18B | 1.02B | 1.08B | 784.93M | 463.39M | 195.59M |
| Equity Growth % | -25.28% | -8.87% | -3.04% | 3.31% | 4.95% | -11.52% | -10.52% | 1.61% | -25.79% | 3.22% | 35.27% | -0.24% | 8.82% | -0.85% | 12.85% | 6.27% | 20.25% | 15.51% | -5.8% | 37.63% | 69.39% | 136.92% | - |
| Shareholders Equity | 1.45B | 1.45B | 1.59B | 1.64B | 1.59B | 1.52B | 1.71B | 1.91B | 1.88B | 1.83B | 1.84B | 1.82B | 1.83B | 1.68B | 1.7B | 1.5B | 1.41B | 1.18B | 1.02B | 1.08B | 784.93M | 463.39M | 195.59M |
| Minority Interest | 5.21M | 9.2M | 8.7M | 6.91M | 6.3M | 5.75M | 7.82M | 8.57M | 7.7M | 714.02M | 631.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 2.05M | 2.04M | 2.08M | 2.1M | 2.09M | 2.11M | 2.1M | 2M | 2.04M | 2M | 2M | 2.01M | 2M | 1.96M | 1.95M | 1.68M | 1.55M | 1.24M | 901K | 947K | 762K | 508.2K | 210.2K |
| Additional Paid-in Capital | 0 | 2.11B | 2.27B | 2.29B | 2.29B | 2.29B | 2.29B | 2.09B | 2.13B | 2.06B | 2.06B | 2.06B | 2.05B | 1.98B | 1.98B | 1.71B | 1.56B | 1.31B | 1.1B | 1.15B | 826.92M | 491.95M | 197.49M |
| Retained Earnings | 0 | -662.21M | -679.05M | -649.33M | -700.69M | -780.93M | -576.53M | -178.86M | -245.62M | -229.81M | -220.58M | -234.28M | -218.77M | -300.88M | -283.04M | -207.94M | -146.08M | -136.79M | -83.81M | -66.18M | -42.75M | -29.07M | -2.12M |
| Preferred Stock | 0 | 0 | 48K | 48K | 48K | 48K | 48K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 3.41% | 3.28% | 1.5% | 2.68% | 3.54% | -6.37% | -12% | 5.54% | 2.79% | 2.98% | 3.59% | 2.64% | 5.27% | 1.64% | -0.58% | -0.29% | -0.4% | -0.51% | 2.5% | 3.46% | 2.53% | -1.08% | -0.54% |
| Return on Equity (ROE) | 6.85% | 6.64% | 2.96% | 5.32% | 7.01% | -12.01% | -21.67% | 9.63% | 3.96% | 3.66% | 5.35% | 4.69% | 9.31% | 2.91% | -1.04% | -0.53% | -0.71% | -1.01% | 5.05% | 7.32% | 5.64% | -2.23% | -1.08% |
| Debt / Assets | 0% | 39.48% | 37.21% | 39.83% | 40.43% | 39.65% | 36.66% | 37.03% | 30.58% | 30.24% | 29.99% | 35.47% | 32.88% | 35.82% | 33.58% | 37.27% | 32.34% | 35.51% | 41.78% | 38.68% | 46.39% | 44.63% | 46.15% |
| Debt / Equity | 0.00x | 0.81x | 0.74x | 0.78x | 0.81x | 0.77x | 0.67x | 0.66x | 0.52x | 0.37x | 0.37x | 0.65x | 0.57x | 0.65x | 0.58x | 0.69x | 0.55x | 0.67x | 0.86x | 0.76x | 1.07x | 0.93x | 0.92x |
| Net Debt / EBITDA | -0.14x | 4.07x | 4.28x | 3.14x | 4.54x | 15.60x | - | 3.41x | 1.10x | 0.87x | 0.76x | 3.91x | 3.77x | 5.29x | 7.38x | 7.26x | 5.49x | 5.97x | 5.14x | 4.18x | 6.73x | 11.83x | - |
| Book Value per Share | 7.03 | 7.00 | 7.57 | 7.77 | 7.49 | 7.17 | 8.52 | 9.48 | 9.17 | 12.64 | 12.24 | 9.06 | 9.30 | 8.58 | 9.37 | 9.01 | 9.78 | 10.94 | 10.93 | 11.46 | 11.59 | 11.84 | 10.77 |
Cyclical RevPAR sensitivity
According to recent financial statements, DiamondRock has maintained a stable asset base of approximately $3.0 billion, suggesting that management is currently prioritizing portfolio optimization and selective capital recycling over aggressive balance sheet expansion in the current high-interest-rate environment.
The consistency in total assets over the last ten quarters indicates a disciplined approach to property management rather than a growth-at-all-costs strategy. This trajectory suggests that the company is focused on maintaining the quality of its existing lifestyle and urban assets while waiting for more favorable acquisition conditions.
Based on reported figures, DiamondRock has successfully managed its debt-to-equity ratio, which stood at 0.81 in 2025Q4, reflecting a conservative leverage posture that provides a significant buffer against the inherent volatility of the lodging sector.
Maintaining a D/E ratio below 1.0 is a prudent strategy for a hotel REIT, as it mitigates the risk of interest rate sensitivity on floating-rate debt. This leverage profile appears to provide the company with sufficient flexibility to navigate cyclical downturns without the immediate threat of covenant breaches.
As reported in quarterly filings, DiamondRock's cash position has fluctuated between $39.3 million and $145.3 million, demonstrating a proactive approach to maintaining liquidity to cover seasonal operating requirements and essential property-level capital expenditures.
The variability in cash balances reflects the seasonal nature of the company's resort-heavy portfolio, where cash accumulation is vital for off-season maintenance. Investors should monitor whether these reserves remain sufficient to fund the ongoing CapEx requirements necessary to keep the boutique assets competitive.
Based on the $2.7 billion in net property, plant, and equipment reported in recent filings, DiamondRock’s balance sheet is heavily anchored by high-value physical assets that require consistent reinvestment to maintain their market positioning.
The high concentration of value in PPE underscores the capital-intensive nature of the business, where the quality of the physical asset is the primary driver of RevPAR. The stability of this asset base suggests that the company is successfully managing the depreciation of its portfolio through ongoing capital improvements.
Quick answers to the most common questions about buying DRH stock.
As of 2025, DiamondRock Hospitality Company (DRH) had total assets of $3.00B including $68.1M in current assets.
DiamondRock Hospitality Company (DRH) carries total debt of $1.19B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
DiamondRock Hospitality Company (DRH) has total shareholders' equity (book value) of $1.45B ($7.00 book value per share). Book value represents the net worth of the company belonging to common stock holders.
DiamondRock Hospitality Company (DRH) reported a current ratio of 0.19x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.