Hyatt Hotels Corporation (H) 10-Year Financial Performance & Capital Metrics

H • • Industrial / General

Consumer CyclicalHotels & LodgingGlobal Hotel FranchisorsGlobal Luxury & Full-Service Franchisors

AboutHyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME/SW Asia Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels, select service hotels, resorts, and other properties, including timeshare, fractional, residential, vacation, and condominium units. It operates its properties under the Park Hyatt, Miraval, Grand Hyatt, Alila, Andaz, The Unbound Collection by Hyatt, Destination, Hyatt Regency, Hyatt, Thompson Hotels, Hyatt Centric, Joie de Vivre, Caption by Hyatt, Hyatt House, Hyatt Place, Hyatt Ziva, Hyatt Zilara, UrCove, Hyatt Residence Club, Hyatt Residences, Hyatt Resorts, Secrets Resorts & Spas, Dreams Resorts & Spas, Breathless Resorts & Spas, Zoetry Wellness & Spa Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas brands. As of March 31, 2022, the company's hotel portfolio consisted of approximately 540 hotels comprising 113,000 rooms worldwide. It primarily serves corporations; national, state, and regional associations; specialty market accounts, including social, government, military, educational, religious, and fraternal organizations; travel agency and luxury organizations; and a group of individual consumers. The company also operates World of Hyatt loyalty program which rewards points that can be redeemed for hotel nights and other rewards. Hyatt Hotels Corporation was founded in 1957 and is headquartered in Chicago, Illinois.Show more

Revenue $3.3B -8.7%
EBITDA $1.19B -2.0%
Net Income $1.3B +489.1%
EPS (Diluted) 12.65 +520.1%
Gross Margin 42.54% +10.3%
EBITDA Margin 36.01% +7.3%
Operating Margin 25.91% +14.9%
Net Margin 39.32% +545.0%
ROE 35.06% +479.2%
ROIC 9.91% -0.9%
Debt/Equity 1.06 +12.3%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Good 3Y average ROE of 17.9%
✓Share count reduced 4.9% through buybacks
✓Trading near 52-week high

✗Weaknesses

✗Low quality earnings: Net income not backed by cash flow
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.98%

5Y5.19%

3Y31.64%

TTM25.85%

Profit (Net Income) CAGR

10Y14.18%

5Y11.09%

3Y-

TTM-106.39%

EPS CAGR

10Y18.95%

5Y11.9%

3Y-

TTM-106.94%

ROCE

10Y Avg7.12%

5Y Avg4.98%

3Y Avg8.89%

Latest8.85%

Peer Comparison

Global Luxury & Full-Service Franchisors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HLTHilton Worldwide Holdings Inc.	70.16B	301.86	49.16	9.17%	14.19%		2.59%
MARMarriott International, Inc.	87.43B	325.79	39.11	5.85%	10.07%		2.29%
IHGInterContinental Hotels Group PLC	20.75B	137.92	35.82	32.05%	14.79%		3.11%
HHyatt Hotels Corporation	7.1B	169.71	13.42	-8.67%	-2.05%	-2.31%	6.57%	1.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.54B	2.53B	2.7B	2.5B	2.56B	780M	1.45B	3.27B	3.61B	3.3B
Revenue Growth %	-0.06%	-0%	0.07%	-0.07%	0.02%	-0.7%	0.85%	1.26%	0.1%	-0.09%
Cost of Goods Sold+	1.59B	1.61B	1.7B	1.49B	1.56B	692M	964M	1.97B	2.22B	1.89B
COGS % of Revenue	0.63%	0.64%	0.63%	0.6%	0.61%	0.89%	0.67%	0.6%	0.61%	0.57%
Gross Profit+	951M	920M	1B	1B	1B	88M	481M	1.3B	1.39B	1.4B
Gross Margin %	0.37%	0.36%	0.37%	0.4%	0.39%	0.11%	0.33%	0.4%	0.39%	0.43%
Gross Profit Growth %	-0.03%	-0.03%	0.09%	-0%	-0%	-0.91%	4.47%	1.7%	0.07%	0.01%
Operating Expenses+	308M	315M	377M	320M	417M	321M	366M	435M	578M	548M
OpEx % of Revenue	0.12%	0.12%	0.14%	0.13%	0.16%	0.41%	0.25%	0.13%	0.16%	0.17%
Selling, General & Admin	308M	315M	377M	320M	417M	321M	366M	435M	578M	548M
SG&A % of Revenue	0.12%	0.12%	0.14%	0.13%	0.16%	0.41%	0.25%	0.13%	0.16%	0.17%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	643M	605M	628M	684M	585M	-233M	115M	865M	814M	854M
Operating Margin %	0.25%	0.24%	0.23%	0.27%	0.23%	-0.3%	0.08%	0.26%	0.23%	0.26%
Operating Income Growth %	-0.02%	-0.06%	0.04%	0.09%	-0.14%	-1.4%	1.49%	6.52%	-0.06%	0.05%
EBITDA+	963M	947M	976M	1.01B	914M	77M	425M	1.29B	1.21B	1.19B
EBITDA Margin %	0.38%	0.37%	0.36%	0.4%	0.36%	0.1%	0.29%	0.39%	0.34%	0.36%
EBITDA Growth %	-0.05%	-0.02%	0.03%	0.04%	-0.1%	-0.92%	4.52%	2.04%	-0.06%	-0.02%
D&A (Non-Cash Add-back)	320M	342M	348M	327M	329M	310M	310M	426M	397M	333M
EBIT	323M	268M	260M	332M	197M	-632M	-251M	427M	331M	416M
Net Interest Income+	8M	19M	110M	28M	25M	30M	28M	44M	74M	123M
Interest Income	8M	19M	110M	28M	25M	30M	28M	44M	74M	123M
Interest Expense	0	0	0	0	0	0	0	0	0	0
Other Income/Expense	-449M	-323M	94M	267M	421M	-727M	-71M	-502M	-504M	709M
Pretax Income+	194M	289M	722M	951M	1.01B	-960M	44M	363M	310M	1.56B
Pretax Margin %	0.08%	0.11%	0.27%	0.38%	0.39%	-1.23%	0.03%	0.11%	0.09%	0.47%
Income Tax+	70M	85M	332M	182M	240M	-257M	266M	-92M	90M	267M
Effective Tax Rate %	0.64%	0.71%	0.34%	0.81%	0.76%	0.73%	-5.05%	1.25%	0.71%	0.83%
Net Income+	124M	204M	249M	769M	766M	-703M	-222M	455M	220M	1.3B
Net Margin %	0.05%	0.08%	0.09%	0.31%	0.3%	-0.9%	-0.15%	0.14%	0.06%	0.39%
Net Income Growth %	-0.64%	0.65%	0.22%	2.09%	-0%	-1.92%	0.68%	3.05%	-0.52%	4.89%
Net Income (Continuing)	124M	204M	390M	769M	766M	-703M	-222M	455M	220M	1.3B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	4M	5M	16M	7M	5M	3M	3M	3M	3M	279M
EPS (Diluted)+	0.86	1.53	3.08	6.68	7.21	-6.94	-2.14	4.09	2.04	12.65
EPS Growth %	-0.61%	0.78%	1.01%	1.17%	0.08%	-1.96%	0.69%	2.91%	-0.5%	5.2%
EPS (Basic)	0.87	1.55	3.12	6.79	7.32	-6.94	-2.14	4.17	2.10	12.99
Diluted Shares Outstanding	144M	133.94M	126.35M	115.13M	106.29M	101.33M	103.97M	111.26M	107.73M	102.42M
Basic Shares Outstanding	142.81M	132.93M	124.84M	113.26M	104.59M	101.33M	103.97M	109.09M	104.86M	99.79M
Dividend Payout Ratio	-	-	-	0.09%	0.1%	-	-	-	0.21%	0.05%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.12B	1.14B	1.33B	1.34B	1.71B	2.56B	2.06B	2.25B	2.13B	2.73B
Cash & Short-Term Investments	503M	538M	552M	686M	961M	1.88B	1.19B	1.15B	896M	1.38B
Cash Only	457M	482M	503M	570M	893M	1.21B	960M	991M	881M	1.01B
Short-Term Investments	46M	56M	49M	116M	68M	675M	227M	158M	15M	372M
Accounts Receivable	298M	304M	350M	427M	421M	316M	633M	834M	883M	1.12B
Days Sales Outstanding	42.79	43.79	47.31	62.39	60.05	147.87	159.89	93.06	89.3	124.14
Inventory	12M	28M	14M	14M	12M	9M	10M	9M	9M	8M
Days Inventory Outstanding	2.75	6.33	3.01	3.42	2.81	4.75	3.79	1.67	1.48	1.54
Other Current Assets	248M	229M	387M	182M	284M	75M	206M	219M	291M	175M
Total Non-Current Assets+	6.47B	6.61B	6.34B	6.3B	6.71B	6.57B	10.54B	10.06B	10.7B	10.59B
Property, Plant & Equipment	4.03B	4.27B	4.03B	3.61B	3.95B	3.6B	3.29B	2.77B	2.71B	2.02B
Fixed Asset Turnover	0.63x	0.59x	0.67x	0.69x	0.65x	0.22x	0.44x	1.18x	1.33x	1.63x
Goodwill	129M	125M	150M	283M	326M	288M	2.96B	3.1B	3.21B	2.54B
Intangible Assets	547M	599M	683M	628M	437M	385M	1.98B	1.67B	1.67B	2.17B
Long-Term Investments	327M	186M	750M	735M	843M	980M	954M	833M	993M	1.34B
Other Non-Current Assets	1.13B	1.12B	865M	864M	1.01B	1.11B	1.34B	1.43B	1.77B	2.06B
Total Assets+	7.6B	7.75B	7.67B	7.64B	8.42B	9.13B	12.6B	12.31B	12.83B	13.32B
Asset Turnover	0.33x	0.33x	0.35x	0.33x	0.30x	0.09x	0.11x	0.27x	0.28x	0.25x
Asset Growth %	-0.07%	0.02%	-0.01%	-0%	0.1%	0.08%	0.38%	-0.02%	0.04%	0.04%
Total Current Liabilities+	1.11B	924M	966M	1.06B	1.09B	984M	2.23B	3.29B	3.58B	3.27B
Accounts Payable	141M	162M	136M	151M	150M	102M	523M	500M	493M	475M
Days Payables Outstanding	32.35	36.64	29.29	36.89	35.16	53.8	198.02	92.59	81.17	91.54
Short-Term Debt	328M	119M	11M	11M	11M	260M	10M	660M	751M	456M
Deferred Revenue (Current)	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	122M	129M	145M	150M	144M	111M	187M	235M	227M	192M
Current Ratio	1.02x	1.23x	1.37x	1.27x	1.57x	2.60x	0.92x	0.68x	0.60x	0.83x
Quick Ratio	1.00x	1.20x	1.36x	1.25x	1.56x	2.60x	0.92x	0.68x	0.59x	0.83x
Cash Conversion Cycle	13.19	13.48	21.04	28.92	27.7	98.82	-34.34	2.14	9.62	34.14
Total Non-Current Liabilities+	2.49B	2.92B	3.17B	2.9B	3.36B	4.93B	6.8B	5.32B	5.69B	6.22B
Long-Term Debt	1.04B	1.45B	1.44B	1.62B	1.61B	2.98B	3.97B	2.45B	2.31B	3.33B
Capital Lease Obligations	0	0	0	0	393M	377M	349M	298M	273M	245M
Deferred Tax Liabilities	59M	57M	62M	54M	47M	48M	93M	72M	66M	171M
Other Non-Current Liabilities	1.02B	1.05B	801M	786M	837M	863M	1.05B	1B	1.28B	1.64B
Total Liabilities	3.6B	3.84B	4.13B	3.97B	4.45B	5.92B	9.04B	8.61B	9.27B	9.5B
Total Debt+	1.38B	1.56B	1.45B	1.63B	2.05B	3.65B	4.36B	3.45B	3.37B	4.06B
Net Debt	913M	1.08B	948M	1.06B	1.16B	2.44B	3.4B	2.46B	2.49B	3.05B
Debt / Equity	0.34x	0.40x	0.41x	0.44x	0.52x	1.14x	1.22x	0.93x	0.94x	1.06x
Debt / EBITDA	1.43x	1.65x	1.49x	1.62x	2.24x	47.40x	10.26x	2.67x	2.78x	3.42x
Net Debt / EBITDA	0.95x	1.14x	0.97x	1.05x	1.26x	31.73x	8.00x	1.90x	2.06x	2.57x
Interest Coverage	-	-	-	-	-	-	-	-	-	-
Total Equity+	4B	3.91B	3.54B	3.68B	3.97B	3.21B	3.57B	3.7B	3.57B	3.83B
Equity Growth %	-0.14%	-0.02%	-0.09%	0.04%	0.08%	-0.19%	0.11%	0.04%	-0.04%	0.07%
Book Value per Share	27.74	29.18	28.03	31.94	37.32	31.72	34.30	33.27	33.11	37.35
Total Shareholders' Equity	3.99B	3.9B	3.52B	3.67B	3.96B	3.21B	3.56B	3.7B	3.56B	3.55B
Common Stock	1M	1M	1M	1M	1M	1M	1M	1M	1M	1M
Retained Earnings	2.29B	2.49B	2.74B	3.82B	4.17B	3.39B	3.17B	3.62B	3.74B	3.81B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-230M	-277M	-185M	-200M	-209M	-192M	-245M	-242M	-175M	-269M
Minority Interest	4M	5M	16M	7M	5M	3M	3M	3M	3M	279M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	538M	462M	587M	341M	396M	-611M	315M	674M	797M	636M
Operating CF Margin %	0.21%	0.18%	0.22%	0.14%	0.15%	-0.78%	0.22%	0.21%	0.22%	0.19%
Operating CF Growth %	0.14%	-0.14%	0.27%	-0.42%	0.16%	-2.54%	1.52%	1.14%	0.18%	-0.2%
Net Income	124M	206M	390M	769M	766M	-703M	-222M	455M	220M	1.3B
Depreciation & Amortization	320M	326M	348M	327M	364M	341M	337M	461M	439M	369M
Stock-Based Compensation	26M	26M	32M	28M	35M	28M	59M	61M	75M	64M
Deferred Taxes	-103M	-12M	56M	-33M	28M	-59M	200M	-259M	-125M	-123M
Other Non-Cash Items	146M	-48M	-364M	-671M	-784M	206M	-447M	-211M	-12M	-1.16B
Working Capital Changes	25M	-36M	125M	-79M	-13M	-424M	388M	167M	203M	188M
Change in Receivables	29M	-14M	-37M	14M	-26M	120M	-85M	-209M	0	-15M
Change in Inventory	1M	2M	12M	0	1M	0	0	0	0	0
Change in Payables	-7M	7M	102M	-130M	-33M	-256M	87M	96M	-29M	56M
Cash from Investing+	-47M	-372M	457M	374M	585M	-736M	-1.77B	416M	-365M	81M
Capital Expenditures	-269M	-211M	-474M	-297M	-369M	-122M	-111M	-201M	-10M	-170M
CapEx % of Revenue	0.11%	0.08%	0.18%	0.12%	0.14%	0.16%	0.08%	0.06%	0%	0.05%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	252M	313M	843M	1.4B	993M	47M	739M	637M	-237M	1.32B
Cash from Financing+	-715M	-96M	-858M	-850M	-541M	1.52B	1.29B	-1.11B	-578M	-618M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-68M	-80M	-20M	0	0	-47M	-60M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-7M	-6M	-3M	-21M	-31M	-15M	-18M	-26M	-14M	-42M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	191M	282M	289M	44M	27M	-733M	204M	473M	599M	466M
FCF Margin %	0.08%	0.11%	0.11%	0.02%	0.01%	-0.94%	0.14%	0.14%	0.17%	0.14%
FCF Growth %	-0.2%	0.48%	0.02%	-0.85%	-0.39%	-28.15%	1.28%	1.32%	0.27%	-0.22%
FCF per Share	1.33	2.11	2.29	0.38	0.25	-7.23	1.96	4.25	5.56	4.55
FCF Conversion (FCF/Net Income)	4.34x	2.26x	2.36x	0.44x	0.52x	0.87x	-1.42x	1.48x	3.62x	0.49x
Interest Paid	69M	75M	80M	73M	79M	105M	0	138M	115M	167M
Taxes Paid	145M	95M	175M	292M	175M	63M	0	101M	153M	106M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	2.88%	5.16%	6.69%	21.31%	20.04%	-19.58%	-6.55%	12.52%	6.05%	35.06%
Return on Invested Capital (ROIC)	9.41%	9.16%	9.94%	11.12%	8.9%	-3.24%	1.37%	9.88%	9.99%	9.91%
Gross Margin	37.41%	36.31%	37.22%	40.19%	39.16%	11.28%	33.29%	39.74%	38.57%	42.54%
Net Margin	4.88%	8.05%	9.22%	30.78%	29.93%	-90.13%	-15.36%	13.91%	6.1%	39.32%
Debt / Equity	0.34x	0.40x	0.41x	0.44x	0.52x	1.14x	1.22x	0.93x	0.94x	1.06x
FCF Conversion	4.34x	2.26x	2.36x	0.44x	0.52x	0.87x	-1.42x	1.48x	3.62x	0.49x
Revenue Growth	-6.13%	-0.31%	6.55%	-7.48%	2.44%	-69.52%	85.26%	126.37%	10.33%	-8.67%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Management and Franchising	-	-	-	-	-	-	-	-	-	4.47B
Management and Franchising Growth	-	-	-	-	-	-	-	-	-	-
Owned And Leased	-	-	-	-	-	-	-	-	-	1.2B
Owned And Leased Growth	-	-	-	-	-	-	-	-	-	-
Distribution	-	-	-	-	-	-	-	-	-	1.05B
Distribution Growth	-	-	-	-	-	-	-	-	-	-
Segment Revenues	-	-	-	-	-	-	-	-	-	-72M
Segment Revenues Growth	-	-	-	-	-	-	-	-	-	-
Corporate And Reconciling Items	-	-	-	-	-	-	-	-	113M	-
Corporate And Reconciling Items Growth	-	-	-	-	-	-	-	-	-	-
Intersegment Eliminations	89M	98M	95M	-	-	-	47M	76M	-	-
Intersegment Eliminations Growth	-	10.11%	-3.06%	-	-	-	-	61.70%	-	-
Americas Management and Franchising	1.64B	1.67B	1.73B	2.17B	2.77B	1.33B	-	-	-	-
Americas Management and Franchising Growth	-	1.77%	3.59%	25.66%	27.64%	-52.14%	-	-	-	-
Owned and Leased	2.08B	2.12B	2.14B	1.92B	1.81B	537M	-	-	-	-
Owned and Leased Growth	-	1.92%	0.85%	-10.06%	-5.93%	-70.30%	-	-	-	-
Asia Pacific Management and Franchising	87M	98M	114M	220M	247M	134M	-	-	-	-
Asia Pacific Management and Franchising Growth	-	12.64%	16.33%	92.98%	12.27%	-45.75%	-	-	-	-
EAME and Southwest Asia Management and Franchising	58M	65M	74M	143M	152M	68M	-	-	-	-
EAME and Southwest Asia Management and Franchising Growth	-	12.07%	13.85%	93.24%	6.29%	-55.26%	-	-	-	-
Other Owned And Leased Hotel Revenue	-	-	-	-	38M	-	-	-	-	-
Other Owned And Leased Hotel Revenue Growth	-	-	-	-	-	-	-	-	-	-
Corporate, Non-Segment	-	-	-	-5M	-1M	-	-	-	-	-
Corporate, Non-Segment Growth	-	-	-	-	80.00%	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	3.49B	3.57B	3.77B	3.59B	4.14B	1.73B	2.31B	4.56B	5.07B	5.04B
UNITED STATES Growth	-	2.20%	5.60%	-4.88%	15.47%	-58.23%	33.58%	97.32%	11.27%	-0.75%
Non-US	834M	858M	914M	867M	878M	336M	717M	1.33B	1.59B	1.61B
Non-US Growth	-	2.88%	6.53%	-5.14%	1.27%	-61.73%	113.39%	85.63%	19.68%	1.19%

Frequently Asked Questions

Valuation & Price

Hyatt Hotels Corporation (H) has a price-to-earnings (P/E) ratio of 13.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Hyatt Hotels Corporation (H) reported $4.28B in revenue for fiscal year 2024. This represents a 16% increase from $3.70B in 2011.

Hyatt Hotels Corporation (H) saw revenue decline by 8.7% over the past year.

Hyatt Hotels Corporation (H) reported a net loss of $88.0M for fiscal year 2024.

Dividend & Returns

Yes, Hyatt Hotels Corporation (H) pays a dividend with a yield of 0.35%. This makes it attractive for income-focused investors.

Hyatt Hotels Corporation (H) has a return on equity (ROE) of 35.1%. This is excellent, indicating efficient use of shareholder capital.

Hyatt Hotels Corporation (H) generated $57.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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