SHO Sunstone Hotel Investors margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 67

Gross margin

51.8%

Operating margin

12.8%

EBITDA margin

27%

Net margin

9.2%

Using the latest TTM figures, Sunstone Hotel Investors shows a gross margin of 51.8%, an operating margin of 12.8%, an EBITDA margin of 27%, and a net margin of 9.2%. All available margins expanded year over year, led by net margin with an increase of 7.3 percentage points.

SHO margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Sunstone Hotel Investors recorded average margins of 52.03% gross, 13.62% operating, 28.37% EBITDA, and 9.45% net. All four current margins are below their three-year averages.

SHO margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.8 percentage points, operating margin by 6.5 percentage points, EBITDA margin by 5.7 percentage points, and net margin by 7.3 percentage points, led by net margin with an increase of 7.3 percentage points.

Gross margin expansion

0.8pp

Operating margin expansion

6.5pp

EBITDA margin expansion

5.7pp

Net margin expansion

7.3pp

SHO Gross margin

Sunstone Hotel Investors recorded an average gross margin of 52.03% across the last 3 years. Compared with its three-year average, Sunstone Hotel Investors's current gross margin is 51.8% and is 0.2 percentage points below its three-year average. Over the last 3 years, Sunstone Hotel Investors's gross margin peaked at 53.5% in Dec 2023 and reached a low of 51% in Sep 2025.

SHO Operating margin

Sunstone Hotel Investors's operating margin averaged 13.62% over the last 3 years. Compared with its three-year average, Sunstone Hotel Investors's current operating margin is 12.8% and is 0.8 percentage points below its three-year average. Over the last 3 years, Sunstone Hotel Investors's operating margin peaked at 24.6% in Dec 2023 and reached a low of 6.3% in Sep 2025.

SHO EBITDA margin

Across the last 3 years, Sunstone Hotel Investors's EBITDA margin averaged 28.37%. The latest EBITDA margin for Sunstone Hotel Investors is 27%, 1.4 percentage points below its three-year average. EBITDA margin was highest at 39.5% in Dec 2023 and lowest at 21.3% in Sep 2025.

SHO Net margin

Sunstone Hotel Investors recorded an average net margin of 9.45% across the last 3 years. Sunstone Hotel Investors currently reports a net margin of 9.2%, 0.3 percentage points below its three-year average. Over the last 3 years, Sunstone Hotel Investors's net margin peaked at 21% in Dec 2023 and reached a low of 1.9% in Sep 2025.

SHO margin group comparison

Margins compared with peer-group, industry and sector averages

Sunstone Hotel Investors's gross margin of 51.8% is higher than the industry average but lower than the Real Estate sector average. Looking at the Real Estate sector average of 60.8%, Sunstone Hotel Investors's gross margin is 15% lower.

SHO margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Sunstone Hotel Investors's gross margin?

As of Sep 30, 2026, SHO has a gross margin of 51.8%.

What is Sunstone Hotel Investors's operating margin?

As of Sep 30, 2026, SHO has an operating margin of 12.8%.

What is Sunstone Hotel Investors's EBITDA margin?

As of Sep 30, 2026, SHO has an EBITDA margin of 27%.

What is Sunstone Hotel Investors's net margin?

The current net margin for SHO is 9.2% as of Sep 30, 2026.

What are the average margins of SHO?

Over the past 3 years, SHO reported average margins of 52.0% gross, 13.6% operating, 28.4% EBITDA, and 9.5% net.

What are the highest historical margins of SHO?

Over the last 5 years, Sunstone Hotel Investors's highest margins were 54.3% gross in Mar 2023, 28% operating in Sep 2022, 42.9% EBITDA in Sep 2022, and 24.7% net in Sep 2022.

What are the lowest historical margins of SHO?

Within the 5-year period, SHO recorded its lowest margins at 49.1% gross in Dec 2021, 6.3% operating in Sep 2025, 21.3% EBITDA in Sep 2025, and 1.9% net in Sep 2025.