FirmAtlas
Company handbook · HLT · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
HLT · CIK 1585689 · LATEST FILING: 10-Q JUN '26 · FILED JUL 28, 2026
Hilton Worldwide Holdings Inc.
$345.12
+2.14 (+0.62%)
Close, Oct 16, 2026 · 52-week $254–358
Last fiscal year
Hilton Worldwide Holdings Inc. reported revenue of $12.0B for the year ended Dec 31, 2025 (FY25), up 7.7% from FY24. Net income was $1.5B, operating cash flow $2.1B and free cash flow $2.0B. Source: 10-K filed Feb 11, 2026.
Market cap
$79.5B
P/E
50.2
EV/EBITDA
31.7x
P/B
n/m
Div yield
0.17%
ROIC
33.0%
Revenue 1Y
7.7%/yr
EPS 1Y
−0.3%/yr
Shares 1Y
−5%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOChristopher J. Nassetta
HQMcLean, VA
AuditorErnst & Young LLP
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
31.2%
19.0%
30.9%
34.0%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$6.8B deployed
Capex
$197M
2.9%
Acquisitions
$240M
3.5%
Dividends
$293M
4.3%
Buybacks
$6.1B
89.3%
Operating cash flow over the period: $4.1B. Total debt changed by +$1.7B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
11,174
12,039+7.7%
12,485
YoY
+7.7%
Operating income
2,370
2,693+13.6%
2,915
Operating margin
21.2%
22.4%+1.2 pp
—
EBITDA
2,516
2,870+14.1%
—
EBITDA margin
22.5%
23.8%+1.3 pp
—
Interest expense
569
620+9.0%
—
Interest coverage
4.42x
4.63x+0.21x
—
Net income
1,535
1,457−5.1%
1,584
YoY
−5.1%
Net margin
13.7%
12.1%−1.6 pp
—
EPS (diluted, $)
6.14
6.12−0.3%
6.83
YoY
−0.3%
Balance sheet
Total assets
16,522
16,774+1.5%
16,928
Cash & short-term investments
1,376
970−29.5%
—
Accounts receivable
1,583
1,690+6.8%
—
Net PP&E
411
684+66.4%
—
Other assets
13,152
13,430+2.1%
—
Total liabilities
20,249
22,162+9.4%
23,231
Accounts payable
409
376−8.1%
—
Total debt
10,616
12,338+16.2%
12,719
Other liabilities
9,224
9,448+2.4%
—
Shareholders’ equity
(3,727)
(5,388)n/m
(6,303)
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,013
2,129+5.8%
2,109
Net income
1,539
1,461−5.1%
—
Depreciation & amortization
146
177+21.2%
—
Stock-based compensation
176
170−3.4%
—
Working capital & other
152
321+111.2%
—
Cash from investing
(446)
(190)n/m
—
Capex
(96)
(101)n/m
—
PP&E sold
8
0−100.0%
—
Acquisitions
(236)
(4)n/m
—
Other investing
(122)
(85)n/m
—
Cash from financing
(1,045)
(2,348)n/m
—
Dividends
(150)
(143)n/m
—
Buybacks
(2,893)
(3,182)n/m
—
Other financing
1,998
977−51.1%
—
Net change in cash
501
(406)−181.0%
—
Free cash flow (OCF − capex)
1,917
2,028+5.8%
2,029
Where the cash went
Operating cash flow
2,013
2,129+5.8%
2,109
Reinvested in the business
332
105−68.4%
—
% of operating cash flow
16.5%
4.9%
Capex
96
101+5.2%
80
Acquisitions
236
4−98.3%
—
Free cash flow
1,917
2,028+5.8%
2,029
YoY
+5.8%
Returned to shareholders
3,043
3,325+9.3%
—
% of free cash flow
158.7%
164.0%
Dividends
150
143−4.7%
—
Buybacks
2,893
3,182+10.0%
—
Change in total debt
—
1,722
—
Cash left over
—
421
—
FCF conversion (FCF ÷ net income)
124.9%
139.2%+14.3 pp
—
Owner earnings
—
1,393
—
Owner earnings margin
—
11.6%
—
Buyback yield
4.8%
4.8%−0.0 pp
—
Returns & ratios
ROIC (all capital)
37.1%
33.0%−4.1 pp
—
ROIC (operating)
129.1%
106.0%−23.1 pp
—
Net debt / EBITDA
3.67x
3.96x+0.29x
—
ROE
−41.2%
−27.0%+14.1 pp
—
ROA
9.3%
8.7%−0.6 pp
—
ROCE
20.0%
22.0%+1.9 pp
—
NOPAT
2,046
1,899−7.2%
—
Invested capital (operating)
1,585
1,998+26.1%
—
Invested capital (all)
5,513
5,980+8.5%
—
Reinvestment rate
—
21.7%
—
Net debt is 4.0x EBITDA (FY25).
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
3,120
3,087
2,937
3,341
vs year-ago quarter
Operating income
777
602
678
858
Net income
420
297
385
482
vs year-ago quarter
Net margin
13.5%
9.6%
13.1%
14.4%
EPS (diluted, $)
1.78
1.29
1.66
2.10
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
16,641
16,774
16,385
16,928
Cash & equivalents
1,126
970
619
1,064
Total debt
11,603
12,338
12,334
12,719
Shareholders’ equity
(4,932)
(5,388)
(5,905)
(6,303)
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
816
203
618
472
Capex
29
30
9
12
Free cash flow
787
173
609
460
vs year-ago quarter