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Hilltop Holdings Inc.

HTH Financial Financial Conglomerates

Hilltop Holdings Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 1.11% from fiscal 2024.

Revenue
−9.35%
EPS
−40.5%
Free cash flow
+86.2%

Quarter to September 2026, against a year earlier

37.79 0.61 +1.64%
Market cap
$2.1B
P/E
15.5×
Fwd P/E
16.6×
Dividend yield
2.74%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 15.30
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 2 1 — 3 1 — 3 — — —
Insider Ownership 33.57%

Capital & Financial Ratios $m

Size
Market Cap 2,110.00
Revenue ttm 1,551.84
Net income ttm 146.22
Free cash flow ttm 125.10
Net debt Q (1,921.79)
Valuation
P/E 15.52
Forward P/E 16.60
Price / sales 1.37
Forward P/S Powerpack
Price / FCF 16.98
Price / book 1.00
Financial health
Current ratio Q 1.08
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q −9.35% (below 0%: shrinking)
Operating income growth Q −42.09% (below 0%: shrinking)
EPS, this year +13.28%
EPS, next year A +5.90%
Revenue, next year A −24.13% (below 0%: weak)
EPS, past 5 yrs −12.03% (below 0%: weak)
EPS, next 5 yrs A +9.88%

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

Valuation vs history

P/E against its own 10 years 57.25%
10-year low 10-year high
P/S against its own 10 years 68.48%
10-year low 10-year high
P/B against its own 10 years 48.40%
10-year low 10-year high

Dividends raised every year since 2018

Yield
2.74%
Annual rate
1.02
Payout ratio
42.5%
Growth, 2018–26
+14.7%/yr
  1. 0.28 ’18
  2. 0.32 ’19 +14
  3. 0.36 ’20 +13
  4. 0.48 ’21 +33
  5. 0.60 ’22 +25
  6. 0.64 ’23 +7
  7. 0.68 ’24 +6
  8. 0.72 ’25 +6
  9. 0.84 ’26 +17
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2,455 2,913 1,906 1,922
Receivables — — — —
Inventory — — — —
Other — — — —
12,941 13,074 12,665 13,025
2023 2024 2025 Q'26
Payables 11,063 11,065 10,878 11,035
ST’ Debt — — — —
Other — — — —
12,345 12,304 11,742 12,114

Compound Annual Growth %

10y 5y 3y
Sales (0.43%) (6.19%) 4.51%
Cash Flow 0.00% 0.00% 0.00%
Earnings (2.31%) (18.04%) 13.54%
Book Value 2.37% (1.34%) 2.12%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.64 Actual 0.44

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.46 0.69 Beat by 0.23
Q1 FY26 0.50 0.64 Beat by 0.14
Q2 FY26 0.42 0.63 Beat by 0.21
Q3 FY26 0.64 0.44 Miss by 0.20
Q4 FY26 0.63 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.64 0.63 0.44 — —
’25 0.65 0.57 0.74 0.69 2.64
’24 0.42 0.31 0.46 0.55 1.74
’23 0.40 0.28 0.57 0.44 1.69
’22 0.28 0.45 0.50 0.39 1.60
’21 1.46 1.21 1.15 0.78 4.61
’20 0.55 1.42 1.70 1.35 5.01
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 373 389 379 — —
’25 406 390 418 411 1,625
’24 391 400 411 404 1,607
’23 354 404 414 396 1,567
’22 336 374 363 350 1,424
’21 565 475 493 408 1,940
’20 417 603 633 585 2,237
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (127) (157) 508 — —
’25 6 (235) 273 (83) (39)
’24 71 (435) 516 123 274
’23 (108) (215) 504 263 443
’22 389 357 490 (46) 1,189
’21 314 (640) 1,199 (108) 766
’20 (583) 452 205 206 280
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (134) (156) 506 — —
’25 53 (214) 272 (92) 19
’24 71 (432) 514 122 274
’23 (108) (217) 502 262 439
’22 388 355 487 (46) 1,184
’21 306 (646) 1,195 (91) 765
’20 (585) 451 204 194 264
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.7
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 1,743 1,712 1,455 1,674 2,237 1,940 1,424 1,567 1,607 1,625 1,552 (0.8%) 1,233 1,266 1,286 (7.5%)
Gross margin, % 96.65 95.01 90.29 89.74 94.53 94.49 90.72 76.30 73.96 78.87 80.92 (17.8) pt
EBT 231 243 155 283 564 504 156 149 154 221 189 (0.5%)
EBT margin, % 13.28 14.21 10.66 16.89 25.23 25.98 10.97 9.51 9.60 13.60 12.17 +0.3 pt
Net income 148 133 126 233 470 386 119 118 123 172 146 +1.7%
Per share, $
Per share, $ Revenue 17.71 17.63 15.32 18.12 25.06 24.04 20.21 24.10 24.71 25.92 27.21 +4.3%
Earnings 1.48 1.36 1.28 2.44 5.02 4.64 1.61 1.69 1.74 2.64 2.40 +6.6%
Cash flow (1.64) (3.30) 4.10 (4.69) 3.14 9.49 16.89 6.81 4.21 (0.62) 2.46 (10.3%)
Capex 0.32 0.01 (0.44) (0.30) (0.18) 0.00 (0.07) (0.06) 0.01 0.93 (0.26) +12.7%
Free cash flow (1.32) (3.29) 3.66 (4.99) 2.96 9.48 16.81 6.75 4.22 0.31 2.19 n/m
Book value 19.05 19.71 20.78 23.05 26.33 31.59 29.30 33.06 34.11 35.05 37.36 +7.0%
Shares, m 98 97 95 92 89 81 70 65 65 63 59 (4.9%)
Valuation, ×
Valuation, × P/E 20.18 18.66 13.93 10.22 5.48 7.61 18.50 20.60 16.45 12.81 15.52 14.4
P/S 1.70 1.44 1.16 1.38 1.10 1.46 1.49 1.44 1.16 1.31 1.37 1.4
P/B 1.58 1.29 0.86 1.08 1.04 1.11 1.03 1.05 0.84 0.97 1.00 1.1
EV/Sales 1.14 0.66 0.21 0.71 0.31 (0.35) (0.18) (0.08) (0.61) 0.18 — 0.2
EV/FCF (15.25) (3.53) 0.89 (2.57) 2.59 (0.90) (0.22) (0.28) (3.59) 14.92 — (0.8)
Cash, $m
Cash, $m Operating cash flow (161) (321) 390 (433) 280 766 1,189 443 274 (39) 140 (14.6%)
Capex 31 1 (42) (28) (16) 0 (5) (4) 1 58 (15) +7.2%
Free cash flow (130) (320) 348 (461) 264 765 1,184 439 274 19 125 n/m
Balance, $m
Balance, $m Working capital 1,431 1,350 1,244 1,633 1,175 767 (214) 596 769 924 911 (4.7%)
Net debt (979) (1,338) (1,385) (1,116) (1,771) (3,590) (2,453) (2,455) (2,913) (1,906) (1,922) +7.7%
Shareholders’ equity 1,875 1,915 1,974 2,129 2,351 2,549 2,064 2,150 2,218 2,198 2,131 +1.8%
Returns, %
Returns, % ROA 1.19 1.02 0.90 1.56 2.79 2.10 0.65 0.67 0.69 1.03 0.89 (0.2) pt
ROIC 16.15 26.34 16.44 17.44 60.80 0.00 0.00 0.00 0.00 47.38 56.45 +31.2 pt
ROE 8.08 7.00 6.25 10.98 20.00 15.29 4.91 5.20 5.18 7.50 6.48 (0.6) pt
People
People Employees 5,400 5,500 5,200 4,950 4,950 4,950 4,170 3,820 3,646 3,550 — (4.6%)
Revenue/emp, $m 0.32 0.31 0.28 0.34 0.45 0.39 0.34 0.41 0.44 0.46 — +4.0%
Negative figures in brackets.
estimates

All 10 years →

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

Hilltop Holdings Inc. vs peers in Financial Conglomerates (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
IX Orix Corp Ads $40.0B 10.4× — +19.77% (above 0%: growing) +201.50% (above 0%: growing) −154.50% (below 0%: shrinking) 44.45% 20.40% Compare
FRHC Freedom Holding Corp. $11.9B 72.8× 12.3× +39.80% (above 0%: growing) +1.96% (above 0%: growing) −197.00% (below 0%: shrinking) 95.19% 29.81% Compare
VOYA Voya Financial, Inc. $9.3B 17.1× 12.3× −4.29% (below 0%: shrinking) −41.42% (below 0%: shrinking) −32.21% (below 0%: shrinking) 56.49% 5.38% Compare
HTH Hilltop Holdings Inc. $2.1B 15.5× 16.6× −9.35% (below 0%: shrinking) −40.54% (below 0%: shrinking) +86.23% (above 0%: growing) 81.67% 0.00%
TMS Live Oak Acquisition Corp. V $347.0M — (loss-making) — — n/m −1,236.38% (below 0%: shrinking) 41.31% 2.01% Compare
RILY BRC Group Holdings, Inc. $151.2M 0.3× — (loss-making) +6.13% (above 0%: growing) −89.11% (below 0%: shrinking) +30.61% (above 0%: growing) 74.60% 16.35% Compare
Median of peers $9.3B 13.8× — +12.95% −19.73% −154.50% 56.49% 16.35%

All 6 Financial Conglomerates stocks →

Pay and ownership Proxy statement filed 30 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.53m 4.86m 136.00
2024 4.39m 2.29m 112.00
2023 4.23m 5.06m 135.00
2022 4.89m 1.53m 113.00
2021 6.68m 11.97m 130.00

Ownership

Directors and executive officers, together 5.40%
Gerald J. Ford (b) 26.70%
BlackRock, Inc. (c) 11.80%
Dimensional Fund Advisors LP (d) 5.20%
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

Hilltop Holdings Inc. (HTH) Latest News

26 Oct

Impact 3 · · StockStory
Impact 3 · · StockStory
Impact 3 · · The Motley Fool

23 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · The Motley Fool
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · Moby

22 Oct

Impact 3 · · Zacks
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Impact 3 · · Associated Press
Impact 3 · · StockStory
Impact 3 · · Business Wire

21 Oct

Impact 3 · · StockStory

15 Oct

Impact 3 · · Zacks

25 Sep

Impact 3 · · Simply Wall St.

2 Sep

Impact 3 ·

1 Aug

Impact 3 ·

28 Jul

Impact 3 ·

27 Jul

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26 Jul

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25 Jul

Impact 3 ·

24 Jul

Impact 3 ·
Impact 3 · · MarketBeat transcript
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23 Jul

Impact 4 ·
Impact 3 ·
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27 Apr

Impact 3 · · MarketBeat

HTH metrics, ten years each

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