What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

Summit Hotel Properties INN Gross Profit

Discontinued — last reported Q4 '17

Gross Profit at other companies

Apple HospitalityAPLE

$130.8M+2.3%

AirbnbABNB

$2.1B+18.7%

Xenia Hotels & ResortsXHR

$99.84M+6.9%

Pebblebrook Hotel TrustPEB

$113.57M+22.0%

Pursuit Attractions and Hospitality, Inc.PRSU

$48.65M+37.9%

Service Properties TrustSVC

$121.81M-5.8%

Other financials

Income statement

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Revenue$185.1M+0.3%

Operating income$14.1M-28.7%

Net income-$5.9M-1,049%

EPS (diluted)-$0.10-150%

Balance sheet

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Cash & equivalents$50.4M-10.5%

Total debt$1.4B-1.5%

Total equity$840.4M-8.7%

Total assets$2.8B-4.9%

Cash flow

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Operating cash flow$28.1M+8.7%

CapEx$11.9M-24.1%

Free cash flow$16.2M+59.6%

Valuation

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Market cap$741.22M+35.6%

Enterprise value$2.11B+9.2%

P/S1×+0.3×

Profitability

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Gross margin36.8%—

Operating margin8.2%-5.5pp

Net margin-2.5%-6.9pp

FCF margin10.9%+0.3pp

Returns & leverage

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Return on equity-2.1%-5.6pp

Debt / equity1.7×+0.1×

Where this comes from

Calculated from Summit Hotel Properties’s reported figures.

$131.7Mtotal revenue−$84.8Mtotal cost of revenue=$46.91M

The official record: Summit Hotel Properties’s 10-K, filed February 25, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.