NYSE:APLE · New York Stock Exchange
+$0.34 today
Vol 1.86M · Avg 3.43M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:APLE · Revenue to Net Income
Key Ratios
Analysis
$1.4B of revenue converted into $171.8M of net income for the selected period. Gross margin is 28.8% and net margin is 11.9%, showing how much revenue survives after costs and taxes. EPS is $0.73, tying the income statement back to per-share earnings.
Revenue
—
Operating Income
—
Net Income
—
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B -1.3% | $1.4B +6.5% | $1.3B +8.5% | $1.2B +32.6% | $933.9M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.3B +43.4% | $922.3M +7.2% | $860.0M +9.8% | $783.4M +27.6% | $614.2M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $90.1M -82.3% | $509.2M +5.3% | $483.8M +6.3% | $455.0M +42.3% | $319.7M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 6.4% -29.2pp | 35.6% -0.4pp | 36.0% -0.7pp | 36.7% +2.5pp | 34.2% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 -100.0% | $42.5M -10.3% | $47.4M +11.6% | $42.5M +3.5% | $41.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | -$160.3M -174.1% | $216.5M -8.4% | $236.3M -4.9% | $248.6M +6.8% | $232.7M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $192.6M +1.1% | $190.6M +4.0% | $183.2M +0.9% | $181.7M -1.5% | $184.5M | $374.2M | $1.2B | $631.8M |
| EBITDA | $458.4M -5.2% | $483.4M +12.2% | $430.7M +11.0% | $388.2M +43.0% | $271.5M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 32.5% -1.3pp | 33.8% +1.7pp | 32.1% +0.7pp | 31.3% +2.3pp | 29.1% | 5.6% | 46.3% | 42.0% |
| Operating Income | $250.4M -14.5% | $292.8M +18.3% | $247.5M +19.9% | $206.5M +137.2% | $87.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 17.7% -2.7pp | 20.5% +2.0pp | 18.4% +1.7pp | 16.7% +7.4pp | 9.3% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $89.5M +15.1% | $77.7M +12.9% | $68.9M +15.3% | $59.7M -11.8% | $67.7M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$74.1M +4.7% | -$77.7M -12.9% | -$68.9M -15.3% | -$59.7M +11.8% | -$67.7M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $176.3M -18.0% | $215.0M +20.4% | $178.6M +21.7% | $146.7M +660.5% | $19.3M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 12.5% -2.5pp | 15.0% +1.7pp | 13.3% +1.4pp | 11.8% +9.8pp | 2.1% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $959.0K +1.3% | $947.0K -16.6% | $1.1M -41.5% | $1.9M +314.5% | $468.0K | $1.3B | -$1.6B | $745.2M |
| Net Income | $175.4M -18.1% | $214.1M +20.6% | $177.5M +22.6% | $144.8M +669.1% | $18.8M | $4.9B | $4.8B | $4.7B |
| Net Margin | 12.4% -2.5pp | 15.0% +1.7pp | 13.2% +1.5pp | 11.7% +9.7pp | 2.0% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -16.9% | $1 +15.6% | $1 +22.2% | $1 +657.2% | $0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -16.9% | $1 +15.6% | $1 +22.2% | $1 +657.2% | $0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $237.8M -1.4% | $241.3M +5.2% | $229.3M +0.2% | $228.9M +1.1% | $226.4M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $237.8M -1.4% | $241.3M +5.2% | $229.3M +0.2% | $228.9M +1.1% | $226.4M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Host Hotels & Resorts, Inc.
NASDAQ:HST
$15.99B
Ryman Hospitality Properties, Inc.
NYSE:RHP
$8.07B
STAG Industrial, Inc.
NYSE:STAG
$7.49B
EPR Properties
NYSE:EPR
$4.52B
Park Hotels & Resorts Inc.
NYSE:PK
$2.90B
Sunstone Hotel Investors, Inc.
NYSE:SHO
$2.12B
LTC Properties, Inc.
NYSE:LTC
$2.01B
Whitestone REIT
NYSE:WSR
$975.46M
Chatham Lodging Trust
NYSE:CLDT
$608.72M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does APLE generate?
Apple Hospitality REIT, Inc. (APLE) reported $1.41B of revenue in fiscal 2025.
Is APLE profitable?
Apple Hospitality REIT, Inc. (APLE) reported $175.36M of net income, with a net margin of 12.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.