— Know what they know.
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Not Investment Advice

HLT

NYSE · USD
Hilton Worldwide Holdings Inc.
Consumer Cyclical · Travel Lodging
CEO Christopher J. Nassetta Employees 182,000 R&D / revenue 0.0%
Last price
$345.08+0.61%last session
Market cap
$77.7B
P/E (TTM)
50.2x
From 52w high
−3.6%
From 52w low
+36.1%
1-year return
+34.1%
RSI 14 · vs SMA200
72.9 · +8.5%
IS score
58.4/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

HLT   SPY   XLY (sector ETF) · weekly closes
90100110120130Jan 26Apr 26Jul 26Oct 26HLT 134SPY 116XLY 97

Score DNA

Each bar is a 0-100 score within the scored universe
46
Profitability
57
Growth
34
Value
75
Momentum
80
Risk (safety)
65
Quality
21
Balance sheet
79
Earnings quality

Flags

Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for HLT (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Efficient ScalePiotroski 6 / 9Altman Z 3.1Beta 1.062 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
3 open-market sales, $2.4M
Form 144 notices (12m): 3, $38.7M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
3
Last disclosed purchase 2026-06-15
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+105
199 new holders, 87 closed
1,294 filers hold 94.8% · 502 added, 420 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+136
1,268 funds adding shares
1,132 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
48.1%
20-day avg 39.9%, 50-day avg 38.4%
Latest 8.2 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$12.0B
Revenue growth YoY+7.7%
Gross margin41.1%
Operating income$2.7B
Operating margin22.4%
Net income$1.5B
Net margin12.1%
EPS (diluted)$6.12
Cash flow
Operating cash flow$2.1B
Capital expenditure$101.0M
Free cash flow$2.0B
FCF conversion (FCF / OCF)95.3%
Stock-based compensation$170.0M
FCF less SBC$1.9B
Buybacks$3.3B
Dividends$143.0M
Balance sheet & returns
Cash & short-term investments$970.0M
Total debt$13.7B
Net debt$12.7B
Shareholders' equity−$5.3B
Goodwill & intangibles$12.0B
Debt / equity-2.22
ROE (TTM)-28.1%
ROIC (TTM)16.5%
Operating margin by fiscal year
17.4%FY202123.9%FY202221.7%FY202321.2%FY202422.4%FY2025
Revenue $5.8B (FY2021) to $12.0B (FY2025), a 20.1% CAGR.

Valuation

P/E (TTM)50.2x
EV / EBITDA29.3x
Price / sales6.22x
Price / FCF38.7x
FCF yield2.58%
Buyback yield4.19%
SBC / revenue1.5%
Price / bookn/m
Forward P/E FY202638.2x
Forward P/E FY202733.3x
Forward P/E FY202829.0x
Forward multiples divide today's price by Street EPS estimates. Street mean target $357.00 across 7 analysts last quarter is theirs, not ours.

HLT vs industry median

35 companies in Travel Lodging
Gross margin 44.1% 42.7% Operating margin 23.3% 15.6% Net margin 12.7% 5.8% ROIC 16.5% 5.1%
HLT (TTM)Industry median Asset turnover 0.74 vs industry 0.50 · financial leverage -2.69

Earnings delivery

Next report 2026-10-27 · consensus EPS $2.35
92%
beat rate, 11 of 12 quarters
+3.8%
median EPS surprise
10
longest beat streak
+3+0+8+9+3+4+5+7+7+2+3+2
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-07-26 to 2026-04-28. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
HLT Hilton Worldwide Holdings In $77.7B50.2x-28.1%12.7%+7.7% +34.1%
MAR Marriott International, Inc. $101.2B40.4x-69.1%10.8%+4.7% +50.2%
IHG InterContinental Hotels Grou $24.5B35.9x-56.7%16.0%+28.3% +41.5%
H Hyatt Hotels Corporation $16.0B196.7x2.3%6.0%+50.3% +17.4%
ROST Ross Stores, Inc. $76.0B28.4x42.6%13.6%+14.0% +53.9%
RCL Royal Caribbean Cruises Ltd. $74.3B17.1x45.4%23.3%+8.7% —
GM General Motors Company $73.7B42.0x3.0%2.7%−1.1% —
ORLY O'Reilly Automotive, Inc. $72.2B28.2x-172.8%14.6%+8.5% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-07-28Earnings Release; Exhibits
2026-05-18Officer/Director Change; Shareholder Vote; Exhibits
2026-05-05Officer/Director Change
2026-04-28Earnings Release; Exhibits
2026-02-11Results of Operations and Financial Condition; Financial Statements and Exhibits
2025-12-11Entry into Material Definitive Agreement; Termination of Material Definitive Agreement; Creation of Direct Financial Obligation; Financial Statements and Exhibits

Context

Shares outstanding225,065,000
Free float98.1%
Institutional ownership94.8%
Beta1.06
Dividend yield0.17%
Last dividend$0.15 on 2026-08-21
50 / 200-day average$318.49 / $317.67
Large-cap Consumer Cyclical median P/E24.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where HLT sits among 8 scored companies in Travel Lodging (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureHLTIndustry medianIndustry percentileSector median
P/E (TTM) 49.0x 27.0x
83rd		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) 3.92 — 0.96
Price / sales 6.2x 2.8x
100th		 1.0x
Price / book —
Price / tangible book —
Price / free cash flow 38.3x 20.2x
86th		 15.2x
Price / operating cash flow 36.8x 18.7x
100th		 10.2x
Enterprise value $90.7B $15.1B
86th		 $5.6B
EV / sales 7.3x 3.7x
100th		 1.4x
EV / EBITDA 29.3x 13.9x
100th		 11.4x
EV / EBIT 31.3x 23.2x
71st		 16.0x
EV / free cash flow 44.7x 30.8x
86th		 21.0x
Earnings yield 2.0% 3.1%
29th		 4.8%
FCF yield 2.6% 5.0%
14th		 5.9%
Operating cash flow yield 2.7% 5.6%
0th		 9.3%
Graham number (per share) —

Profitability (TTM)

MeasureHLTIndustry medianIndustry percentileSector median
Gross margin 44.1% 37.4%
57th		 34.2%
EBITDA margin 24.8% 23.8%
71st		 11.7%
Operating margin 23.3% 19.4%
71st		 8.7%
EBIT margin 23.2% 20.4%
71st		 8.2%
Net margin 12.7% 11.2%
57th		 4.9%
NOPAT margin 16.5% 15.3%
71st		 6.8%
FCF margin 16.2% 12.7%
71st		 6.5%
Operating cash flow margin 16.9% 13.8%
71st		 10.4%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 3.3% 11.1%
0th		 17.2%
Stock comp / revenue 1.5% 1.0%
86th		 0.6%
Effective tax rate 29.2% 27.8%
67th		 22.4%

Returns on capital

MeasureHLTIndustry medianIndustry percentileSector median
ROE (on average equity) —
ROA 9.6% 7.1%
71st		 4.4%
ROIC 30.8% 12.7%
86th		 9.3%
ROCE 24.5% 15.3%
86th		 9.9%
Return on tangible assets 17.7% 12.8%
86th		 7.4%
Cash ROIC (OCF / invested capital) 31.4% 11.0%
86th		 14.4%
Gross profitability (GP / assets) 32.5% 25.6%
86th		 31.6%
ROIC, 3-yr average 21.5% 12.5%
71st		 7.4%
ROIC, 5-yr average —
ROE, 5-yr average —
Incremental ROIC 152.2% 129.6%
67th		 11.2%

Growth

MeasureHLTIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 8.7% 8.4%
57th		 6.0%
Revenue growth (QoQ) 13.8% 10.0%
57th		 6.6%
Revenue CAGR, 3 yr 8.5% 7.0%
57th		 3.0%
Revenue CAGR, 5 yr 25.4% 23.0%
71st		 5.9%
Gross profit CAGR, 3 yr 23.3% 3.8%
86th		 3.3%
Operating income CAGR, 3 yr 8.2% 0.5%
71st		 2.1%
Net income growth (TTM YoY) -0.3% 2.2%
33rd		 4.7%
Net income CAGR, 3 yr 7.0% -2.4%
83rd		 1.4%
EPS growth (TTM YoY) 4.0% 6.8%
33rd		 7.6%
EPS CAGR, 3 yr 12.5% 1.7%
83rd		 3.4%
EPS CAGR, 5 yr —
FCF growth (TTM YoY) -6.4% 40.4%
14th		 26.3%
FCF CAGR, 3 yr 4.7% 4.0%
57th		 6.5%
Operating cash flow CAGR, 3 yr 2.7% 2.3%
57th		 6.7%
Book value CAGR, 3 yr —
Dividend CAGR, 3 yr 3.2% 3.7%
17th		 3.2%
Sustainable growth rate —

Margin history & stability

MeasureHLTIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 33.1% 38.8%
43rd		 34.9%
Operating margin, 3-yr average 22.0% 19.6%
57th		 8.0%
Net margin, 3-yr average 12.6% 12.8%
43rd		 4.8%
FCF margin, 3-yr average 17.0% 11.5%
71st		 5.7%
Revenue stability (0-1) 0.90 0.81
71st		 0.80
Earnings stability (0-1) 0.72 0.18
100th		 0.43
Margin stability (0-1) 0.72 0.84
29th		 0.92

Liquidity (latest quarter)

MeasureHLTIndustry medianIndustry percentileSector median
Cash & short-term investments $1.0B $367.0M
100th		 $278.1M
Net cash (− = net debt) −$13.0B −$3.8B
14th		 −$1.2B
Working capital −$1.8B −$491.3M
14th		 $298.0M
Current ratio 0.65 0.80
29th		 1.49
Quick ratio 0.65 0.66
43rd		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.20 0.19
71st		 0.31
Defensive interval (days) 395 days 414 days
29th		 290 days

Leverage & solvency (latest quarter)

MeasureHLTIndustry medianIndustry percentileSector median
Total debt $14.0B $4.5B
86th		 $1.8B
Debt / equity —
Net debt / equity —
Debt / assets 82.8% 63.7%
86th		 39.7%
Debt / capital —
Debt / EBITDA 4.53 4.07
57th		 3.26
Net debt / EBITDA 4.21 3.86
57th		 2.42
Interest coverage (EBIT / interest) 4.3x 4.3x
50th		 5.1x
Cash interest coverage 3.2x 2.9x
57th		 6.0x
Debt payback (years of OCF) 6.6 yrs 6.9 yrs
43rd		 3.8 yrs
Liabilities / assets 137.0% 92.5%
86th		 68.1%
IS credit model rating BB+ — —
Implied credit spread (bps) 400 375
57th		 275

Efficiency

MeasureHLTIndustry medianIndustry percentileSector median
Asset turnover 0.76 0.67
57th		 1.00
Fixed asset turnover 10.31 7.43
86th		 3.73
Inventory turnover —
Receivables turnover 7.2 7.2
43rd		 19.9
Days sales outstanding 51 days 50 days
57th		 18 days
Days inventory outstanding —
Days payables outstanding 120 days 42 days
86th		 42 days
Cash conversion cycle (days) −70 days 25 days
0th		 44 days
Capex / revenue 0.6% 1.2%
29th		 3.1%
Capex / depreciation 0.42 0.31
71st		 0.89
Operating expense ratio 4.8% 12.4%
29th		 24.8%

Cash flow & earnings quality

MeasureHLTIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.33 1.44
33rd		 1.76
FCF / net income 1.28 1.28
50th		 1.18
FCF / operating cash flow 96.2% 89.1%
71st		 70.1%
Capex / operating cash flow 3.8% 10.9%
29th		 29.9%
Accruals ratio -3.2% -3.5%
57th		 -5.7%
Sloan accruals ratio 0.9% -4.5%
86th		 -3.6%
Earnings quality score (0-1) 1.00 1.00
33rd		 0.75

Dividends & buybacks

MeasureHLTIndustry medianIndustry percentileSector median
Dividend yield 0.2% 0.5%
29th		 0.8%
Dividend per share (TTM) $0.60 $0.88
29th		 $0.40
Payout ratio (dividends / net income) 8.8% 28.3%
17th		 17.8%
Dividends / FCF 6.9% 23.3%
17th		 11.6%
Dividend growth (YoY) -1.3% 1.5%
17th		 4.8%
Buyback yield 4.3% 4.0%
57th		 1.6%
Shareholder yield (dividends + buybacks) 4.5% 5.2%
43rd		 3.7%
Share count change (YoY) -4.2% -3.9%
43rd		 -0.9%
Buybacks, last 5 years $8.6B $1.1B
86th		 $198.3M

Scores & forensic checks

MeasureHLTIndustry medianIndustry percentileSector median
IS score 58 53
71st		 50
IS profitability 46 40
57th		 38
IS growth 57 57
43rd		 53
IS value 34 38
14th		 50
IS momentum 75 73
57th		 72
IS risk (safety) 80 65
57th		 65
IS quality 65 61
86th		 63
IS balance sheet 21 24
29th		 48
IS earnings quality 79 73
86th		 77
IS cash flow 60 63
29th		 56
Piotroski F-score (0-9) 6 6
14th		 6
Altman Z-score 3.1 2.5
57th		 2.8
Beneish M-score −2.57 −2.57
57th		 −2.69
Ohlson O-score −4.48 −5.37
86th		 −6.83
IS credit score 50 51
43rd		 58

Per share

MeasureHLTIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $6.92 $4.84
57th		 $2.05
Book value per share −$27.52 $4.76
0th		 $14.46
Tangible book per share −$79.53 −$28.25
14th		 $3.70
Revenue per share $54.52 $63.42
29th		 $46.29
FCF per share $8.86 $4.96
71st		 $2.72
Operating cash flow per share $9.21 $5.23
71st		 $4.86
Cash per share $4.41 $2.56
71st		 $3.59

Size (TTM)

MeasureHLTIndustry medianIndustry percentileSector median
Market cap $77.7B $10.8B
86th		 $3.6B
Revenue $12.5B $5.9B
86th		 $3.9B
EBITDA $3.1B $1.1B
86th		 $442.3M
Net income $1.6B $268.0M
86th		 $178.6M
Free cash flow $2.0B $382.0M
86th		 $206.3M
Total assets $16.9B $8.7B
86th		 $4.4B
Shareholders' equity −$6.3B $150.8M
0th		 $957.6M
Employees 182,000 17,674
86th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-30Begley Charlene T
Director
 Award / grant 6——15,451
2026-09-30Steenland Douglas M
Director
 Award / grant 9——29,185
2026-09-30Smith Elizabeth A
Director
 Award / grant 9——23,334
2026-09-30Mayer Marissa A
Director
 Award / grant 1——1,789
2026-09-30Mabus Raymond E
Director
 Award / grant 6——15,229
2026-09-30Healey Melanie
Director
 Award / grant 6——16,684
2026-09-30Gray Jonathan
Director
 Award / grant 4——9,298
2026-09-30Carr Chris
Director
 Award / grant 3——8,255
2026-09-14Carr Chris
Director
 Open-market sale 439$310.34$136,2398,252
2026-09-14Fuentes Laura
See Remarks
 Option exercise 4,888$79.35$387,86340,747
2026-09-14Fuentes Laura
See Remarks
 Open-market sale 4,396$309.80$1.4M36,351
2026-09-14Fuentes Laura
See Remarks
 Open-market sale 2,893$309.82$896,32433,458

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired276,387—
Open-market saleDisposed37,728$2.4M
Option exerciseAcquired14,888$387,863
Option exerciseDisposed14,888$387,863
Tax withholdingDisposed11,854$601,734
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 3 notices · 122,017 shares · $38.7M
FiledFilerShares proposedEst. proceeds
2026-09-14Carr Chris439$136,239
2026-09-14Fuentes Laura7,289$2.3M
2026-02-17Nassetta Christopher J114,289$36.3M
2025-08-21Silcock Christopher W11,905$3.2M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 8 trades (3 purchases) · Senate 2 (2 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-04Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-06-15Jonathan JacksonHousePurchase$1,001 - $15,0002026-07-16
2026-06-15Jonathan JacksonHousePurchase$1,001 - $15,0002026-07-16
2026-06-14Jonathan JacksonHousePurchase$1,001 - $15,0002026-07-16
2025-12-29Markwayne MullinSenatePurchase$15,001 - $50,0002026-01-16
2025-12-29Markwayne MullinSenatePurchase$15,001 - $50,0002026-01-15
2023-10-03Markwayne MullinSenatePurchase$1,001 - $15,0002023-11-01
2023-10-03Markwayne MullinSenatePurchase$1,001 - $15,0002023-10-31
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.18,977,358$6.3B8.43%
VANGUARD CAPITAL MANAGEMENT LLC14,875,756$4.9B6.61%
FMR LLC11,243,230$3.7B5.00%
STATE STREET CORP9,697,789$3.2B4.31%
VANGUARD PORTFOLIO MANAGEMENT LLC7,615,084$2.5B3.38%
JPMORGAN CHASE & CO6,423,963$2.1B2.85%
PRINCIPAL FINANCIAL GROUP INC5,836,454$1.9B2.59%
FRANKLIN RESOURCES INC5,672,803$1.9B2.52%
GEODE CAPITAL MANAGEMENT, LLC5,475,148$1.8B2.43%
BANK OF AMERICA CORP /DE/5,246,229$1.7B2.33%
PRICE T ROWE ASSOCIATES INC /MD/4,398,378$1.5B1.95%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/3,356,582$1.1B1.49%
JENNISON ASSOCIATES LLC3,234,104$1.1B1.44%
Invesco Ltd.2,835,655$937.1M1.26%
NORGES BANK2,573,798$850.5M1.14%

Institutional ownership by quarter

2023-092026-0694.8%
% of shares held by 13F filers
2023-092026-061,294
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,29494.8%19950242087
2026-03-311,18995.4%163442429107
2025-12-311,15299.5%19041339173
2025-09-301,06099.8%11938737995
2025-06-301,050103.7%15237638498
2025-03-311,012101.4%11639536798
2024-12-311,008102.1%18336234667
2024-09-30911102.8%10236232673
2024-06-30888103.5%11336229877
2024-03-31863104.3%12432030854
2023-12-31804106.3%13228228549
2023-09-30732108.1%7925828183

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-05-06SCHEDULE 13GAbigail P. Johnson5.2%11,895,424
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%17,180,234
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2026-01-21SCHEDULE 13G/ABlackRock, Inc.8.3%19,333,160
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.10%$2.3B
VTI0.10%$2.3B
VTSAX0.10%$2.3B
VSMPX0.10%$2.3B
VFFSX0.11%$1.9B
VOO0.11%$1.9B

Share structure

Shares outstanding225,065,000
Float220,766,170
Free float98.1%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$5.8B$8.8B$10.2B$11.2B$12.0B
Cost of revenue$4.1B$6.1B$7.3B$8.1B$7.1B
Gross profit$1.7B$2.7B$2.9B$3.1B$5.0B
R&D$0$0$0$0$0
SG&A$405.0M$382.0M$408.0M$415.0M$393.0M
Operating income$1.0B$2.1B$2.2B$2.4B$2.7B
EBITDA$1.1B$2.3B$2.3B$2.5B$2.9B
Pretax income$560.0M$1.7B$1.7B$1.8B$2.1B
Income tax$153.0M$477.0M$541.0M$244.0M$615.0M
Net income$410.0M$1.3B$1.1B$1.5B$1.5B
EPS, diluted$1.46$4.53$4.32$6.14$6.12
Diluted shares281.0M277.0M264.0M247.5M238.0M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$1.4B$1.2B$800.0M$1.3B$970.0M
Receivables$1.1B$1.3B$1.5B$1.6B$1.7B
Inventory$0$0$0$0$0
Total current assets$2.9B$2.9B$2.6B$3.3B$2.7B
PP&E, net$999.0M$942.0M$1.0B$978.0M$1.3B
Goodwill & intangibles$10.9B$10.9B$11.1B$11.5B$12.0B
Total assets$15.4B$15.5B$15.4B$16.5B$16.8B
Accounts payable$274.0M$368.0M$457.0M$409.0M$0
Total current liabilities$3.0B$3.4B$3.7B$4.7B$246.0M
Long-term debt$8.6B$8.7B$9.2B$10.6B$13.4B
Total liabilities$16.3B$16.6B$17.7B$20.2B$22.1B
Shareholders' equity−$819.0M−$1.1B−$2.3B−$3.7B−$5.3B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$407.0M$1.3B$1.2B$1.5B$1.5B
Depreciation & amortization$188.0M$162.0M$147.0M$146.0M$57.0M
Stock-based compensation$193.0M$162.0M$169.0M$176.0M$170.0M
Change in working capital−$528.0M$171.0M$855.0M$504.0M$525.0M
Operating cash flow$109.0M$1.7B$1.9B$2.0B$2.1B
Capital expenditure−$79.0M−$102.0M−$247.0M−$198.0M−$101.0M
Free cash flow$30.0M$1.6B$1.7B$1.8B$2.0B
Investing cash flow−$57.0M−$123.0M−$305.0M−$446.0M−$190.0M
Net debt issued / repaid−$1.7B−$25.0M$426.0M$2.0B$959.0M
Buybacks$0−$1.6B−$2.3B−$2.9B−$3.3B
Dividends paid$0−$123.0M−$158.0M−$150.0M−$143.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin28.6%30.8%28.6%27.4%41.1%
Operating margin17.4%23.9%21.7%21.2%22.4%
Net margin7.1%14.3%11.1%13.7%12.1%
FCF margin0.5%18.0%16.6%16.2%16.5%
ROE-35.5%-130.5%-65.9%-50.4%-32.0%
ROIC9.8%20.6%21.7%29.3%20.3%
ROA2.5%8.1%7.4%9.6%8.8%
Debt / equity-11.91-8.79-4.29-3.22-2.91
Interest coverage2.4x5.2x4.6x4.1x4.3x
Current ratio0.950.850.700.7010.81
Revenue growth+34.4%+51.6%+16.7%+9.2%+7.7%
EPS growth+156.7%+217.4%−4.2%+41.1%−1.9%
P/E at year end106.0x27.1x41.0x39.5x46.9x
EV / EBITDA at year end45.2x18.4x24.3x28.6x28.9x
FCF yield at year end0.07%4.64%3.64%2.99%2.90%
Dividend payout0.0%9.8%13.8%9.8%9.8%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Reimbursement Revenue$3.3B$5.0B$5.8B$6.4B$7.1B
Management and Franchise$1.5B$2.1B$2.4B$2.6B$2.8B
Hotel, Owned$598.0M$1.1B$1.2B$1.3B—
Management Service, Base$176.0M$294.0M$342.0M$369.0M$376.0M
Management Service, Incentive$98.0M$196.0M$274.0M$290.0M$313.0M
Hotel, Other$79.0M$102.0M$178.0M$232.0M$252.0M

Revenue by region · FY2025

UNITED STATES$9.5B · 79%
Non-US$2.5B · 21%

Street estimates by fiscal year

Next report 2026-10-27 · consensus EPS $2.35 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$13.0B$12.9B – $13.2B$9.04$8.83 – $9.281738.2x
2027$14.1B$13.8B – $14.4B$10.37$9.98 – $11.081833.3x
2028$15.2B$14.6B – $16.1B$11.92$10.54 – $13.52729.0x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-04-28$1.98$2.01+1.5%$2.9B$2.9B−0.4%
2026-02-11$2.02$2.08+3.0%$3.0B$3.1B+3.1%
2025-10-22$2.06$2.11+2.4%$3.0B$3.1B+3.7%
2025-07-23$2.05$2.20+7.3%$3.1B$3.1B+1.3%
2025-04-29$1.61$1.72+6.8%$2.7B$2.7B−0.9%
2025-02-06$1.67$1.76+5.4%$2.8B$2.8B+0.2%
2024-10-23$1.84$1.92+4.3%$2.9B$2.9B−1.0%
2024-08-07$1.86$1.91+2.7%$2.9B$3.0B+1.8%
2024-04-24$1.41$1.53+8.5%$2.5B$2.6B+2.4%
2024-02-07$1.56$1.68+7.7%$2.6B$2.6B−0.0%
2023-10-25$1.67$1.670.0%$2.6B$2.7B+2.3%
2023-07-26$1.58$1.63+3.2%$2.6B$2.7B+3.3%
2023-04-26$1.14$1.24+8.8%$2.2B$2.3B+4.1%
2023-02-09$1.20$1.59+32.5%$2.3B$2.4B+4.2%
2022-10-26$1.24$1.31+5.6%$2.4B$2.4B−1.8%
2022-07-27$1.04$1.29+24.0%$2.1B$2.2B+6.1%
2022-05-03$0.65$0.71+9.2%$1.7B$1.7B−1.4%
2022-02-16$0.71$0.72+1.4%$1.8B$1.8B+2.0%
2021-10-27$0.85$0.78−8.2%$1.6B$1.7B+7.2%
2021-07-29$0.40$0.56+40.0%$1.2B$1.3B+14.5%
2021-05-05$0.05$0.02−60.0%$1.1B$874.0M−22.9%
2021-02-17$-0.02$-0.10−395.0%$1.0B$890.0M−12.5%
2020-11-04$-0.09$0.06+166.7%$311.0M$933.0M+200.0%
2020-08-06$-0.34$-0.61−79.4%$512.9M$564.0M+10.0%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.606-151.506-220.806-290.707-061.507-131.007-201.407-271.008-030.908-101.008-170.708-240.708-31
Week ofNotionalSharesTrades
2026-08-31$723.3M2,305,44872,214
2026-08-24$730.7M2,220,88963,488
2026-08-17$1.0B3,076,69683,160
2026-08-10$916.8M2,873,20779,701
2026-08-03$983.7M3,103,24289,741
2026-07-27$1.4B4,346,816124,237

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1548.1%
DateShort shareShort volumeTotal volume
2026-10-1548.1%404,228840,982
2026-10-1427.6%191,808694,570
2026-10-1325.6%154,591602,753
2026-10-1243.3%141,141325,867
2026-10-0937.0%180,391487,768
2026-10-0851.7%218,080421,879
2026-10-0750.9%175,365344,632
2026-10-0647.5%238,913502,905
2026-10-0540.9%219,127535,912
2026-10-0244.9%211,570471,642
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.9Jan+4.6Feb-2.5Mar+2.3Apr+0.3May-0.7Jun+2.2Jul+2.1Aug-0.3Sep+2.5Oct+6.2Nov+2.1Dec
MonthAvg returnUp yearsYears
Jan+0.9%62%13
Feb+4.6%69%13
Mar−2.5%38%13
Apr+2.3%67%12
May+0.3%50%12
Jun−0.7%50%12
Jul+2.2%67%12
Aug+2.1%50%12
Sep−0.3%42%12
Oct+2.5%83%12
Nov+6.2%83%12
Dec+2.1%69%13
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1472.9
MFI65.5
ADX31.8
Stochastic %K / %D89.3 / 91.8
Williams %R-15.6
CCI238
TSI / signal24.4 / 9.0
Chaikin money flow0.07
ATR$6.71
Bollinger width12.5%
Volume vs 20-day avg1.16x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$321.39 (+7.4%)
SMA 50$318.92 (+8.2%)
SMA 200$317.91 (+8.5%)
EMA 21$324.28 (+6.4%)
EMA 50$321.26 (+7.4%)
EMA 200$312.85 (+10.3%)
Bollinger upper$341.42 (+1.1%)
Bollinger lower$301.36 (+14.5%)
Parabolic SAR$326.49 (+5.7%)
Open the live chart, 110+ indicators

About Hilton Worldwide Holdings Inc.

Hilton Worldwide Holdings Inc., a hospitality company, engages in managing, franchising, and leasing hotels and resorts. It operates in two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brand names, trademarks, and service marks. It operates a brand portfolio of luxury, lifestyle, full service, focused service, all-suites hotel, and timeshare under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Signia by Hilton, NoMad, Canopy by Hilton, Graduate by Hilton, Tempo by Hilton, Motto by Hilton, Hilton Hotels & Resorts, DoubleTree by Hilton, Curio Collection by Hilton, Tapestry Collection by Hilton, Outset Collection by Hilton, Embassy Suites by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, LivSmart Studios by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Spark by Hilton, Hilton Grand Vacations, Small Luxury Hotels of the World, AutoCamp, and Hilton Honors brand names. The company has operations in North America, South America, and Central America, including various Caribbean nations; Europe, the Middle East, and Africa; and the Asia Pacific. Hilton Worldwide Holdings Inc. was founded in 1919 and is headquartered in McLean, Virginia.

https://www.hilton.com

Key executives

NameTitlePayBorn
Christopher J. NassettaPresident, Chief Executive Officer & Director$4.6M1963
Kevin J. JacobsExecutive Vice President & Chief Financial Officer$2.2M1972
Christopher W. SilcockPresident of Global Brands and Commercial Services$2.1M1972
Caroline KrassExecutive Vice President, General Counsel & Secretary$2.0M1969
Laura FuentesExecutive VP, Chief Human Resources Officer & Head of Hilton Supply Management$1.8M1976
Christian H. CharnauxExecutive VP & Chief Development Officer$1.5M1977
Charlie RuehrVice President of Corporate Finance & Investor Relations——
Frank R. PassananteSenior Vice President of Group Sales——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Christopher J. Nassetta President & Chief Executive Officer2025$1.3M$17.3M$3.0M$27.7M
Kevin J. Jacobs EVP, Chief Financial Officer2025$1.0M$5.1M$1.2M$9.0M
Christopher W. Silcock President, Global Brands & Commercial Services2025$901,150$3.7M$946,867$7.2M
Christian H. Charnaux EVP, Chief Development Officer2025$366,154$4.5M$442,196$6.7M
Laura A. Fuentes EVP, Chief Human Resources Officer & Head of HSM2025$782,106$2.0M$941,946$4.5M

Employees

169k2018173k2019141k2020142k2021159k2022178k2023181k2024182k2025

Dividends

Ex-dateAmountPaid
2026-08-21$0.152026-09-30
2026-05-22$0.152026-06-30
2026-02-27$0.152026-03-31
2025-11-21$0.152025-12-29
2025-08-29$0.152025-09-30
2025-05-23$0.152025-06-27
2025-02-21$0.152025-03-28
2024-11-15$0.152024-12-27

Moat model

Narrow · Efficient Scale · 2026-06-30
Cost advantage65
Intangibles61
Switching costs57
Network effect60
Efficient scale80
Our component scores (0-100) and overall 63.5; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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