Does Xenia Hotels & Resorts, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Xenia Hotels & Resorts, Inc. (XHR) 17.1 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 26, returns on capital 0, balance-sheet safety 0, capital discipline 46.

Is XHR stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $2.31 per share versus a recent price of $21.00 — 810% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has XHR's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 17.1 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Xenia Hotels & Resorts, Inc.

XHR · Consumer Discretionary · $1.9B mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power26

Median gross margin 32.0% over 10y, variable.

Returns on capital0

Median ROIC 3.5%, above the 9% hurdle in 0% of years.

Balance-sheet safety0

Net debt/EBITDA 5.4x, interest coverage 1x.

Capital discipline46

Owner earnings -3.4%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

810% above value

Owner earnings (normalized): $19.1M
Est. intrinsic value / share: $2.31
Recent price: $21.00
Discount to value: 810% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

14 years of fundamentals

The business, in plain English

Xenia Hotels & Resorts, Inc. booked $1.1B of revenue in FY2025 in the Consumer Discretionary sector and kept 30.6% of it as gross profit — a moderate-margin business by that measure. After every other cost, 5.8% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $950.2M (FY2016) to $1.1B (FY2025) — about 1.4% a year compounded over 9 years.

It earned 4.4% on invested capital in FY2025, with a median of 3.5% across 13 filed years. The Returns on Capital filter above scores it 0/100.

The balance sheet carried $1.4B of total debt in FY2025 against $63.1M of owner earnings — roughly 22.6 years of owner earnings to retire it all. Balance-Sheet Safety scores it 0/100.

The share count rose 9215292.9% between FY2014 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 46/100.

Put together: Capital Discipline is the strongest of the four filters (46/100) and Returns on Capital the weakest (0/100), which is how XHR lands at 17/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$1.1B FY2025

Gross marginRevenue kept after cost of goods30.6% FY2025

Return on invested capitalOperating profit on the capital employed4.4% FY2025

Owner earningsCash an owner could take out$63.1M FY2025

Gaps in a line mean that item isn’t in XHR’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale17.1 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — XHR has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Consumer Discretionary context

#309 of 340 scored Consumer Discretionary companies, ranked by Moat Score.

Nearest peers by Moat Score

#307GPOX GPO PLUS, INC.17.3 out of 100, No moatNo moat
#308CPS COOPER-STANDARD HOLDINGS INC.17.1 out of 100, No moatNo moat
#310RDW Redwire Corp17.1 out of 100, No moatNo moat
#311EVH Evolent Health, Inc.16.9 out of 100, No moatNo moat

Compare XHR with its nearest peers →All Consumer Discretionary companies on the Index →

Common questions about XHR

Does Xenia Hotels & Resorts, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Xenia Hotels & Resorts, Inc. (XHR) 17.1 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 26, returns on capital 0, balance-sheet safety 0, capital discipline 46.
Is XHR stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $2.31 per share versus a recent price of $21.00 — 810% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has XHR's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 17.1 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell XHR. See the disclaimer.