Hilton Worldwide Holdings Inc.
Hilton Worldwide Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.0 billion, up 7.74% from fiscal 2024. In the quarter to June 2026, revenue grew 6.50%, EPS grew 14.6%, free cash flow fell 29.3% and total debt rose 21.9%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three.
Follow HLT
Hilton Worldwide Holdings Inc. (HLT) Altman Z-score
Hilton Worldwide Holdings Inc.'s Altman Z-score for fiscal 2025 is 2.85, in the grey zone (1.81–2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.85 | 0.23 |
| FY2024 | 2.62 | 0.34 |
| FY2023 | 2.29 | 0.53 |
| FY2022 | 1.76 | 0.15 |
| FY2021 | 1.61 | 0.86 |
| FY2020 | 0.75 | (0.86) |
| FY2019 | 1.61 | 0.37 |
| FY2018 | 1.25 | (0.10) |
| FY2017 | 1.35 | 0.58 |
| FY2016 | 0.76 | 0.11 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.09) | — | −0.11 | |
| Retained earnings / total assets | (0.09) | — | −0.13 | |
| EBIT / total assets | 0.16 | — | 0.53 | |
| Market value of equity / total liabilities | 3.06 | — | 1.84 | |
| Sales / total assets | 0.72 | — | 0.72 | |
| Altman Z-score | Grey zone | 2.85 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −0.06 | ||
Z and Z″ put Hilton Worldwide Holdings Inc. in different zones: grey zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ATAT Atour Lifestyle Holdings Limited Sponsored ADR compare | 6.8× |
| MAR Marriott International, Inc. compare | 3.8× |
| IHG Intercontinental Hotels Group compare | 3.2× |
| CHH Choice Hotels International, Inc. compare | 3.1× |
| HLT Hilton Worldwide Holdings Inc. | 2.9× |
| HTHT H World Group Limited Sponsored ADR compare | 2.0× |
| H Hyatt Hotels Corporation compare | 1.8× |
| WH Wyndham Hotels & Resorts compare | 1.7× |
| CVEO Civeo Corporation compare | −1.0× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on HLT
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement