Hilton Worldwide Holdings Inc.

HLT · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Valuation
Market cap	$66,767	$60,253	$46,695	$34,175	$43,478	$31,011	$30,913	$20,012	$22,259	$7,581	$21,131	$17,576	$14,033	–	–	–
Enterprise value	$78,971	$70,976	$56,028	$42,661	$51,829	$39,425	$39,548	$26,898	$28,294	$13,085	$31,037	$28,664	$26,075	–	–	–
P/E (TTM) at period end	45.82×	39.25×	40.92×	27.23×	106.04×	–	35.09×	26.19×	20.53×	22.43×	15.05×	26.12×	33.81×	–	–	–
P/S (TTM) at period end	5.55×	5.39×	4.56×	3.90×	7.51×	7.20×	3.27×	2.25×	2.74×	1.15×	2.96×	2.63×	1.44×	–	–	–
P/B at period end	–	–	–	–	–	–	–	36.32×	13.19×	1.29×	3.53×	3.70×	3.22×	–	–	–
EV / EBITDA (TTM)	27.52×	28.21×	23.62×	18.91×	43.26×	–	19.74×	15.31×	19.27×	10.72×	24.15×	26.89×	15.29×	–	–	–
EV / Sales (TTM)	6.56×	6.35×	5.47×	4.86×	8.95×	9.15×	4.18×	3.02×	3.48×	1.99×	4.35×	4.29×	2.68×	–	–	–
Returns
Return on equity	–	–	–	–	–	–	–	138.7%	64.2%	5.7%	23.5%	14.2%	9.5%	15.3%	13.5%	–
Return on invested capital	27.9%	29.2%	21.7%	20.6%	9.7%	(4.7%)	14.5%	19.3%	8.1%	7.8%	5.7%	2.4%	4.4%	4.0%	5.5%	–
Dividend yield	0.2%	0.2%	0.3%	0.4%	–	0.1%	0.6%	0.9%	0.9%	3.7%	0.7%	–	–	–	–	–
Financial health
Current ratio	0.66×	0.70×	0.70×	0.85×	0.95×	1.73×	0.73×	0.76×	0.82×	1.33×	1.05×	1.11×	1.11×	1.20×	1.37×	–
Debt / equity	(2.29×)	(2.99×)	(3.90×)	(7.94×)	(10.68×)	(7.04×)	(16.58×)	13.22×	3.91×	1.12×	0.98×	2.28×	2.69×	6.95×	8.99×	–
Effective tax rate	29.5%	13.7%	32.0%	27.5%	27.3%	22.1%	28.8%	(28.7%)	44.6%	(103.1%)	(65.3%)	46.2%	34.1%	37.3%	(30.1%)	73.5%
Share count
Diluted shares outstanding	238	250	264	277	281	277	290	305	327	329	330	329	308	307	307	328

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Revenue and gross profit
Revenue	$12,485	$12,039	$11,174	$10,235	$8,773	$5,788	$4,307	$9,452	$8,906	$8,131	$6,576	$7,133	$6,688	$9,735	$9,276	$8,783	$8,068
Cost of revenue	($6,984)	($7,085)	($8,111)	($7,305)	($6,075)	($4,133)	($3,724)	($7,017)	($6,655)	($4,899)	($4,888)	($5,425)	–	($7,282)	($7,112)	($6,808)	($6,280)
Gross profit	$5,501	$4,954	$3,063	$2,930	$2,698	$1,655	$583	$2,435	$2,251	$3,232	$1,688	$1,708	–	$2,453	$2,164	$1,975	$1,788
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($407)	($393)	($415)	($408)	($382)	($405)	($311)	($441)	($443)	($439)	($409)	($537)	($411)	($748)	($460)	($416)	($637)
Total operating expenses	($2,586)	($2,261)	($693)	($705)	($604)	($645)	($1,001)	($778)	($819)	($2,100)	($820)	($808)	–	($1,351)	($1,064)	($1,000)	($1,235)
Total costs and expenses	($9,570)	($9,346)	($8,804)	($8,010)	($6,679)	($4,778)	($4,725)	($7,795)	($7,474)	($6,999)	($5,708)	($6,233)	($5,985)	($8,633)	($8,176)	($7,808)	($7,515)
Operating income	$2,915	$2,693	$2,370	$2,225	$2,094	$1,010	($418)	$1,657	$1,432	$1,132	$868	$900	$703	$1,102	$1,100	$975	$553
Earnings
EBITDA	$3,107	$2,870	$2,516	$2,372	$2,256	$1,198	($87)	$2,003	$1,757	$1,468	$1,221	$1,285	$1,066	$1,705	$1,650	$1,539	$1,127
Interest income	–	–	–	–	–	–	–	–	–	–	$12	$19	$10	$9	$15	$11	$9
Interest expense	($669)	($620)	($569)	($464)	($415)	($397)	($429)	($414)	($371)	($351)	($334)	($377)	($416)	($620)	($569)	($643)	($946)
Pre-tax income	$2,231	$2,072	$1,783	$1,692	$1,734	$560	($924)	$1,244	$1,078	$753	$540	$533	$333	$698	$573	$196	$419
Income tax expense	($647)	($611)	($244)	($541)	($477)	($153)	$204	($358)	$309	($336)	$557	$348	($154)	($238)	($214)	$59	($308)
Net income	$1,584	$1,457	$1,535	$1,141	$1,255	$410	($715)	$881	$764	$1,084	$338	$1,404	$673	$415	$352	$253	$128
Per share
Diluted EPS (GAAP)	$6.82	$6.12	$6.14	$4.33	$4.53	$1.46	($2.58)	$3.04	$2.50	$3.32	$1.03	$4.26	$2.04	$1.35	$1.14	$0.81	$0.39
Basic EPS (GAAP)	$6.88	$6.18	$6.20	$4.36	$4.56	$1.47	($2.58)	$3.07	$2.53	$3.34	$1.03	$4.27	$2.04	$1.35	$1.14	$0.81	$0.39
Basic shares outstanding	232	236	248	262	275	279	277	287	302	324	329	329	328	308	307	307	328
Margins
Gross margin	44.1%	41.1%	27.4%	28.6%	30.8%	28.6%	13.5%	25.8%	25.3%	39.7%	25.7%	23.9%	–	25.2%	23.3%	22.5%	22.2%
Operating margin	23.3%	22.4%	21.2%	21.7%	23.9%	17.4%	(9.7%)	17.5%	16.1%	13.9%	13.2%	12.6%	10.5%	11.3%	11.9%	11.1%	6.9%
Net margin	12.7%	12.1%	13.7%	11.1%	14.3%	7.1%	(16.6%)	9.3%	8.6%	13.3%	5.1%	19.7%	10.1%	4.3%	3.8%	2.9%	1.6%

Analyst consensus

Buy49 analysts

Bearish · 0 · Hold · 21 · Bullish · 28

Earnings history

	EPS	Estimate
Q3 2024	$1.92	$1.84	Beat
Q4 2024	$1.76	$1.67	Beat
Q1 2025	$1.72	$1.61	Beat
Q2 2025	$2.20	$2.05	Beat
Q3 2025	$2.11	$2.06	Beat
Q4 2025	$2.08	$2.02	Beat
Q1 2026	$2.01	$1.98	Beat
Q2 2026	$2.29	$2.27	Beat

Peers

Company overview

IPO dateDec 12, 2013

CEOChristopher J. Nassetta

Employees182,000

SectorConsumer Cyclical

IndustryTravel Lodging

CountryUS

ExchangeNew York Stock Exchange

Websitewww.hilton.com

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.

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