Pricing Log in Create free account
Friday 6 November 2026 Export HLT’s income statement to Excel — free account

Hilton Worldwide Holdings Inc.

HLT Consumer Cyclical Lodging

Hilton Worldwide Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.0 billion, up 7.74% from fiscal 2024.

Revenue
+6.57%
EPS
+33.7%
Free cash flow
−11.1%
Total debt
+14.8%

Quarter to September 2026, against a year earlier

368.83 7.70 −2.04%
Market cap
$82.3B
P/E
49.4×
Fwd P/E
42.3×
Dividend yield
0.16%
F-score
6/9
Altman Z
2.85
Beneish M
−2.59
Dividend safety
68/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2025

  • Cost reimbursement revenues
  • Franchise and licensing fees
  • Ownership
  • Base and other management fees
  • Incentive management fees
  • Other revenues

Every year since 2012 →

Insider Decisions last twelve months

Sold, $m 92.48
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — — — — — 2 1 —
Insider Ownership 2.88%

Capital & Financial Ratios $m

Size
Market Cap 82,250.00
Revenue ttm 12,690.00
Net income ttm 1,699.00
Free cash flow ttm 1,847.00
Net debt Q 12,527.00
Valuation
P/E 49.36 (above 35: high)
Forward P/E 42.30 (above 35: high)
Price / sales 6.51
Forward P/S Powerpack
Price / FCF 46.55
Price / book 0.00
Financial health
Current ratio Q 0.59 (below 1: weak)
Debt / equity Q (2.04) (negative: negative equity)
Interest coverage Q 4.94
Growth
Revenue growth Q +6.57% (above 0%: growing)
Operating income growth Q +16.99% (above 0%: growing)
EPS, this year +12.60%
EPS, next year A +13.98%
Revenue, next year A +7.85%
EPS, past 5 yrs —
EPS, next 5 yrs A +14.10%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.5×, against a ten-year median of 5.4×; over the ten years it ranged from 2.9× in 2020 to 13.3× in 2021.
P/E against its own 10 years 75.52%
10-year low 10-year high
P/S against its own 10 years 88.12%
10-year low 10-year high
EV/Sales against its own 10 years 86.69%
10-year low 10-year high
EV/FCF against its own 10 years 91.17%
10-year low 10-year high

Dividends

Yield
0.16%
Annual rate
0.60
Payout ratio
8.11%
Growth, 2017–25
0.00%/yr
  1. 0.60 ’17
  2. 0.60 ’18 +0
  3. 0.60 ’19 +0
  4. 0.15 ’20 −75
  5. 0.00 ’21 −100
  6. 0.45 ’22
  7. 0.60 ’23 +33
  8. 0.60 ’24 +0
  9. 0.60 ’25 +0
  10. 0.61 ’26e +1
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 875 1,376 970 830
Receivables 1,487 1,583 1,690 1,800
Inventory — — — —
Other 121 120 117 230
2,614 3,272 2,996 3,112
2023 2024 2025 Q'26
Payables 1,979 2,124 2,336 2,448
ST’ Debt 39 535 25 626
Other 1,202 1,377 1,289 1,371
3,722 4,700 4,508 5,273

Compound Annual Growth %

10y 5y 3y
Sales 5.37% 22.82% 11.13%
Cash Flow 3.94% 24.63% 8.19%
Earnings 0.37% 0.00% 5.10%
Book Value 0.00% 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.36 Actual 2.45

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 2.00 2.08 Beat by 0.08
Q1 FY26 1.96 2.01 Beat by 0.05
Q2 FY26 2.29 2.29 Met by 0.00
Q3 FY26 2.36 2.45 Beat by 0.09
Q4 FY26 2.43 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.66 2.10 2.37 — —
’25 1.23 1.84 1.78 1.27 6.12
’24 1.04 1.67 1.38 2.06 6.14
’23 0.77 1.55 1.44 0.57 4.33
’22 0.75 1.32 1.26 1.21 4.53
’21 (0.39) 0.46 0.86 0.52 1.46
’20 0.06 (1.55) (0.28) (0.80) (2.56)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,937 3,341 3,325 — —
’25 2,695 3,137 3,120 3,087 12,039
’24 2,573 2,951 2,867 2,783 11,174
’23 2,293 2,660 2,673 2,609 10,235
’22 1,721 2,240 2,368 2,444 8,773
’21 874 1,329 1,749 1,836 5,788
’20 1,920 564 933 890 4,307
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 618 472 721 — —
’25 452 658 816 203 2,129
’24 346 421 664 582 2,013
’23 330 464 687 465 1,946
’22 195 333 671 482 1,681
’21 (171) (129) 278 131 109
’20 129 817 (100) (138) 708
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 587 435 736 — —
’25 412 615 828 89 1,944
’24 320 383 617 503 1,823
’23 267 411 626 400 1,704
’22 181 311 645 442 1,579
’21 (182) (143) 258 103 36
’20 100 783 (113) (154) 616
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 20.1% a year for ten years. It grew −1.7% a year over the last ten.

Implied
20.1%
10 years, reported
−1.7%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.9
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 6,576 8,131 8,906 9,452 4,307 5,788 8,773 10,235 11,174 12,039 12,690 +7.0% 12,984 14,100 15,260 +8.2%
Gross margin, % 80.55 84.39 85.04 86.73 85.60 88.27 88.61 88.85 89.92 90.91 91.62 +10.4 pt
EBT 540 753 1,078 1,244 (924) 560 1,734 1,692 1,783 2,072 2,349 +16.1%
EBT margin, % 8.21 9.26 12.10 13.16 (21.45) 9.68 19.77 16.53 15.96 17.21 18.51 +9.0 pt
Net income 354 1,089 769 886 (720) 407 1,257 1,151 1,539 1,461 1,699 +17.1%
Per share, $
Per share, $ Revenue 19.99 25.10 29.49 32.93 15.55 20.75 31.90 39.06 45.06 51.01 56.65 +11.0%
Earnings 1.06 3.34 2.53 3.07 (2.58) 1.47 4.56 4.36 6.20 6.18 7.47 +21.6%
Cash flow 3.98 2.62 4.16 4.82 2.56 0.39 6.11 7.43 8.12 9.02 8.99 +9.5%
Capex (1.21) (0.41) (0.53) (0.30) (0.33) (0.26) (0.37) (0.92) (0.77) (0.78) (0.75) (4.7%)
Free cash flow 2.77 2.21 3.63 4.53 2.22 0.13 5.74 6.50 7.35 8.24 8.25 +12.9%
Book value 17.78 5.22 1.85 (1.64) (5.36) (2.94) (3.99) (8.96) (14.94) (22.71) (29.30) n/m
Shares, m 329 324 302 287 277 279 275 262 248 236 229 (3.6%)
Valuation, ×
Valuation, × P/E 78.99 20.72 28.27 36.13 0.00 106.12 27.30 41.30 39.74 46.56 49.36 42.5
P/S 4.11 3.18 2.43 3.37 7.16 7.52 3.92 4.61 5.49 5.63 6.51 4.7
P/B 4.62 15.27 38.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.9
EV/Sales 4.94 3.90 3.20 4.15 8.83 8.77 4.77 5.42 6.36 6.58 7.50 5.7
EV/FCF 39.07 49.53 28.23 33.36 66.74 (6,346.90) 27.60 34.01 40.59 42.30 53.60 (598.5)
Cash, $m
Cash, $m Operating cash flow 1,310 849 1,255 1,384 708 109 1,681 1,946 2,013 2,129 2,014 +5.5%
Capex (398) (133) (159) (85) (92) (73) (102) (242) (190) (185) (167) (8.2%)
Free cash flow 912 716 1,096 1,299 616 36 1,579 1,704 1,823 1,944 1,847 +8.8%
Balance, $m
Balance, $m Working capital 873 (455) (632) (778) 1,771 (148) (502) (1,108) (1,428) (1,512) (2,161) n/m
Net debt 5,433 5,932 6,798 7,363 7,224 7,254 7,461 8,321 9,775 11,393 12,527 +8.6%
Shareholders’ equity 5,849 1,691 558 (472) (1,486) (819) (1,098) (2,347) (3,706) (5,359) (6,563) n/m
Returns, %
Returns, % ROA 1.30 5.36 5.41 6.09 (4.51) 2.55 8.11 7.38 9.62 8.75 10.17 +7.4 pt
ROIC 4.81 9.28 12.17 15.03 (4.55) 9.81 20.57 23.28 24.41 27.89 31.93 +23.1 pt
ROE 5.73 28.75 67.94 2,048.84 73.03 (35.57) (130.93) (66.24) (50.72) (32.15) (29.65) (37.9) pt
People
People Employees 169,000 163,000 169,000 173,000 141,000 142,000 159,000 178,000 181,000 182,000 — +0.8%
Revenue/emp, $m 0.04 0.05 0.05 0.05 0.03 0.04 0.06 0.06 0.06 0.07 — +6.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Hilton Worldwide Holdings Inc. is a hospitality company founded in 1919, headquartered in McLean, and led by President and Chief Executive Officer Christopher J. Nassetta. It operates hotel brands spanning luxury, lifestyle, full service, focused service, all-suites and timeshare categories.

Its main role is usually not to own the hotel building. Hilton manages hotels for third-party owners or licenses its brands, operating systems, booking channels and related programs to hotel owners that run their own properties. It also leases or operates a smaller ownership portfolio, where it sells rooms, food and beverages, and other hotel services directly to guests.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by products and services, and margins
Cost reimbursement revenues 7,085 58.85%
Franchise and licensing fees 2,780 23.09%
Ownership 1,233 10.24%
Base and other management fees 376 3.12%
Incentive management fees 313 2.60%
Other revenues 252 2.09%
Gross margin 90.91%
Operating margin 22.37%
Pre-tax margin 17.21%

Revenue by segment since 2012

Hilton Worldwide Holdings Inc. vs peers in Lodging (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MAR Marriott International, Inc. $107.5B 41.5× 35.7× +7.95% (above 0%: growing) +13.69% (above 0%: growing) +113.91% (above 0%: growing) 22.03% 18.19% Compare
HLT Hilton Worldwide Holdings Inc. $82.3B 49.4× 42.3× +6.57% (above 0%: growing) +33.68% (above 0%: growing) −11.11% (below 0%: shrinking) 91.85% 27.34%
IHG Intercontinental Hotels Group $25.6B 29.7× 28.4× +93.76% (above 0%: growing) +931.26% (above 0%: growing) +155.56% (above 0%: growing) 25.15% 0.00% Compare
H Hyatt Hotels Corporation $17.2B 93.0× 59.2× −2.41% (below 0%: shrinking) n/m −135.82% (below 0%: shrinking) 21.57% 11.59% Compare
HTHT H World Group Limited Sponsored ADR $15.2B 21.3× 18.0× +17.06% (above 0%: growing) +5.71% (above 0%: growing) +917.02% (above 0%: growing) 43.43% 31.05% Compare
WH Wyndham Hotels & Resorts $5.7B 28.7× 16.8× +7.33% (above 0%: growing) −2.19% (below 0%: shrinking) +9.33% (above 0%: growing) 92.93% 41.95% Compare
CHH Choice Hotels International, Inc. $5.2B 25.9× 21.1× +2.46% (above 0%: growing) −66.73% (below 0%: shrinking) −60.42% (below 0%: shrinking) 94.04% 23.23% Compare
ATAT Atour Lifestyle Holdings Limited Sponsored ADR $4.0B 16.9× 14.7× +49.28% (above 0%: growing) +42.86% (above 0%: growing) +19.35% (above 0%: growing) 43.60% 22.15% Compare
CVEO Civeo Corporation $337.8M — (loss-making) — (loss-making) +13.26% (above 0%: growing) n/m +139.23% (above 0%: growing) 23.97% 6.89% Compare
Median of peers $10.4B 28.7× 21.1× +10.61% +9.70% +66.63% 34.29% 20.17%

All 12 Lodging stocks →

From the latest earnings call

Updated

  • CEO Chris Nassetta attributed Hilton’s third-quarter RevPAR growth to business and group demand, continued momentum after the World Cup, and calendar shifts.
  • Nassetta said the Middle East and timeshare licensing fees were performing below expectations, while Hilton’s development pipeline continued to grow.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Mizuho Oct 29, 2026 Upgrade Hold → Outperform 329.00 → 421.00
Wells Fargo Oct 22, 2026 Reiterated — —

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 94.06%
Held by the ten largest 45.03%
Holder Shares Stake Change
Vanguard 24.89m 11.03% −101.46k
BlackRock 18.98m 8.41% −2.20m
Fidelity (FMR) 11.24m 4.98% −428.98k
State Street 9.70m 4.30% +320.95k
JPMorgan Chase 7.86m 3.48% −2.57m
Franklin Templeton 6.65m 2.95% −827.12k
Principal Financial 5.85m 2.59% −770.29k
T. Rowe Price 5.75m 2.55% −3.43m
Geode Capital Management 5.48m 2.43% −1.08m
Bank of America 5.25m 2.32% −700.35k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 2 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 27.67m 38.01m 261.39
2024 27.96m 58.77m 224.40
2023 26.56m 56.80m 164.86
2022 23.53m 8.35m 113.95
2021 23.29m 78.65m 140.20

Ownership

Directors and executive officers, together 2.70%
The Vanguard Group 11.10%
BlackRock, Inc. 8.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Hilton Worldwide Holdings Inc. (HLT) Latest News

3 Nov

Impact 3 · · The Motley Fool

31 Oct

Impact 3 · · StockStory

29 Oct

Impact 4 · · Trefis
Impact 3 · · The Fly

28 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · hotelmanagement-network.com
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · Trefis

27 Oct

Impact 4 · · MarketBeat
Impact 4 · · Investopedia
Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 4 · · Proactive Investors
Impact 3 · · Zacks
Impact 3 · · InvestorsHub
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Zacks

26 Oct

Impact 4 · · Trefis

25 Oct

Impact 3 · · StockStory

23 Oct

Impact 3 · · Trefis

22 Oct

Impact 4 · · Investing.com
Impact 4 · · Zacks
Impact 4 · · Simply Wall St.
Impact 3 · · Zacks
Impact 3 · · Zacks

21 Oct

Impact 4 · · Business Wire

20 Oct

Impact 3 · · Trefis
Impact 3 · · Business Wire

HLT metrics, ten years each

stockrow.com/HLT · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com