10-K · February 27, 2026
DiamondRock (DRH) presents a portfolio-focused strategy of owning 35 premium urban and resort hotels (9,595 rooms in 26 U.S. markets) and emphasizes active asset management, capital recycling and a conservative balance…
Earnings analysis · 10-Q
DRH earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
DiamondRock Hospitality Company reported a Q1 2026 revenue of $258.2 million, beating expectations by 0.55% and reflecting a year-over-year increase of 1.3%. Diluted EPS registered at $0.22, showcasing a remarkable 75%…
Read full summary
DiamondRock Hospitality Company reported a Q1 2026 revenue of $258.2 million, beating expectations by 0.55% and reflecting a year-over-year increase of 1.3%. Diluted EPS registered at $0.22, showcasing a remarkable 75% growth compared to Q1 2025. Management remains optimistic but acknowledges uncertainties stemming from geopolitical factors affecting travel demand.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.22
What stood out
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Revenue Beat
Actual revenue was $258.2 million, exceeding consensus estimates of $256.8 million.
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Significant EPS Growth
EPS increased to $0.22 from $0.04 in Q1 2025, showing a 75% year-over-year improvement.
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Robust Room Revenue Performance
Room revenues rose by 0.6% despite the impact of a hotel disposition, driven by increased ADR.
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Stable Operating Margins
Gross margin was reported at 75.5%, and operating margin at 42.1%, reflecting consistent operational efficiencies.
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Strong Free Cash Flow
Free cash flow for Q1 2026 reached $13.6 million, up from $2 million in the same quarter last year.
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Revised Full-Year Guidance
Management raised full-year Adjusted FFO guidance to between $233.5 million and $245.5 million.
What to watch
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Geopolitical Risks
Increasing tensions in the Middle East could disrupt travel demand and impact performance.
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Dependence on Hotel Industry Recovery
Continued pressure from competition and rising operational costs may hinder recovery.
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Interest Rate Vulnerability
Uncertainty surrounding interest rates could influence financial costs due to variable-rate debt.
Management's outlook
Management anticipates Adjusted FFO per share to be between $1.12 to $1.18 for FY 2026.
Earlier filings 4
10-Q · November 7, 2025
DiamondRock reported Q3 total revenue of $285,384,000 (up $255,000 vs. $285,129,000 in Q3 2024) with operating expenses of $241,614,000, producing income before income taxes of $23,107,000. Diluted EPS was $0.10 in Q3…
10-K · February 28, 2024
DiamondRock positions itself as a lodging-focused REIT concentrating on premium urban and resort hotels, pursuing value via aggressive asset management, selective acquisitions and capital recycling. As of December 31,…
10-Q · November 3, 2023
DiamondRock reported Q3 total revenue of $276,520,000, up $8,312,000 (3.1%) versus $268,208,000 in Q3 2022. Operating margin declined to 15.47% from 17.82% a year ago, driven by higher operating expenses and a rise in…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.