Braemar Hotels & Resorts annual operating margin
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2025
Braemar Hotels & Resorts Operating Margin Growth & History (BHR)
Braemar Hotels & Resorts's operating margin was 10.28% for fiscal 2025.
View full Braemar Hotels & Resorts company overviewBraemar Hotels & Resorts annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 10.28% | −7.40 pp |
| 2024 | 2024-12-31 | 17.68% | +9.33 pp |
| 2023 | 2023-12-31 | 8.34% | −1.87 pp |
| 2022 | 2022-12-31 | 10.21% | +9.88 pp |
| 2021 | 2021-12-31 | 0.34% | +35.52 pp |
| 2020 | 2020-12-31 | −35.18% | −48.39 pp |
| 2019 | 2019-12-31 | 13.21% | −2.05 pp |
| 2018 | 2018-12-31 | 15.26% | +0.13 pp |
| 2017 | 2017-12-31 | 15.13% | −2.98 pp |
| 2016 | 2016-12-31 | 18.11% | +4.96 pp |
| 2015 | 2015-12-31 | 13.15% | −1.08 pp |
| 2014 | 2014-12-31 | 14.24% | +5.92 pp |
| 2013 | 2013-12-31 | 8.31% | −6.07 pp |
| 2012 | 2012-12-31 | 14.38% | — |
Braemar Hotels & Resorts quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 17.90% | +7.91 pp |
| Q1 2026 | 2026-03-31 | 18.96% | +1.94 pp |
| Q4 2025 | 2025-12-31 | −7.29% | −9.47 pp |
| Q3 2025 | 2025-09-30 | 20.76% | −26.63 pp |
| Q2 2025 | 2025-06-30 | 9.99% | +3.50 pp |
| Q1 2025 | 2025-03-31 | 17.02% | −2.36 pp |
| Q4 2024 | 2024-12-31 | 2.18% | −1.11 pp |
| Q3 2024 | 2024-09-30 | 47.39% | +46.98 pp |
| Q2 2024 | 2024-06-30 | 6.49% | −2.82 pp |
| Q1 2024 | 2024-03-31 | 19.38% | +1.83 pp |
| Q4 2023 | 2023-12-31 | 3.29% | −3.74 pp |
| Q3 2023 | 2023-09-30 | 0.41% | −1.52 pp |
| Q2 2023 | 2023-06-30 | 9.31% | −5.99 pp |
| Q1 2023 | 2023-03-31 | 17.56% | +1.22 pp |
| Q4 2022 | 2022-12-31 | 7.03% | +1.75 pp |
| Q3 2022 | 2022-09-30 | 1.93% | +1.02 pp |
| Q2 2022 | 2022-06-30 | 15.30% | +18.17 pp |
| Q1 2022 | 2022-03-31 | 16.34% | +20.76 pp |
| Q4 2021 | 2021-12-31 | 5.29% | +48.62 pp |
| Q3 2021 | 2021-09-30 | 0.90% | +32.90 pp |
| Q2 2021 | 2021-06-30 | −2.87% | +306.20 pp |
| Q1 2021 | 2021-03-31 | −4.42% | −1.68 pp |
| Q4 2020 | 2020-12-31 | −43.34% | −68.22 pp |
| Q3 2020 | 2020-09-30 | −31.99% | −38.15 pp |
| Q2 2020 | 2020-06-30 | −309.07% | −319.80 pp |
| Q1 2020 | 2020-03-31 | −2.75% | −13.70 pp |
| Q4 2019 | 2019-12-31 | 24.89% | +21.66 pp |
| Q3 2019 | 2019-09-30 | 6.16% | −4.15 pp |
| Q2 2019 | 2019-06-30 | 10.73% | −19.92 pp |
| Q1 2019 | 2019-03-31 | 10.96% | −2.98 pp |
| Q4 2018 | 2018-12-31 | 3.22% | −32.86 pp |
| Q3 2018 | 2018-09-30 | 10.31% | +1.44 pp |
| Q2 2018 | 2018-06-30 | 30.65% | +19.97 pp |
| Q1 2018 | 2018-03-31 | 13.94% | +6.49 pp |
| Q4 2017 | 2017-12-31 | 36.08% | −6.78 pp |
| Q3 2017 | 2017-09-30 | 8.87% | −2.42 pp |
| Q2 2017 | 2017-06-30 | 10.69% | +1.33 pp |
| Q1 2017 | 2017-03-31 | 7.45% | −4.02 pp |
| Q4 2016 | 2016-12-31 | 42.87% | +36.76 pp |
| Q3 2016 | 2016-09-30 | 11.29% | −3.32 pp |
| Q2 2016 | 2016-06-30 | 9.35% | −11.19 pp |
| Q1 2016 | 2016-03-31 | 11.48% | +0.86 pp |
| Q4 2015 | 2015-12-31 | 6.11% | −6.22 pp |
| Q3 2015 | 2015-09-30 | 14.61% | −2.73 pp |
| Q2 2015 | 2015-06-30 | 20.55% | +2.90 pp |
| Q1 2015 | 2015-03-31 | 10.62% | +2.89 pp |
| Q4 2014 | 2014-12-31 | 12.33% | +27.63 pp |
| Q3 2014 | 2014-09-30 | 17.34% | +1.97 pp |
| Q2 2014 | 2014-06-30 | 17.64% | −3.35 pp |
| Q1 2014 | 2014-03-31 | 7.73% | −1.85 pp |
| Q4 2013 | 2013-12-31 | −15.30% | — |
| Q3 2013 | 2013-09-30 | 15.36% | — |
| Q2 2013 | 2013-06-30 | 21.00% | — |
| Q1 2013 | 2013-03-31 | 9.57% | — |
Braemar Hotels & Resorts operating margin trends
Over the last five reported fiscal years, Braemar Hotels & Resorts's operating margin increased from −35.18% to 10.28%, a change of +45.46 percentage points. The latest reported quarter, Q2 2026, shows 17.90%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Braemar Hotels & Resorts filings at SEC.gov ↗