Hilton Worldwide Holdings Inc. (HLT) 10-Year Financial Performance & Capital Metrics

HLT • • Industrial / General

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

AboutHilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels and resorts. It operates through two segments, Management and Franchise, and Ownership. The company engages in the hotel management and licensing of its brands. It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Tempo by Hilton, Motto by Hilton, Signia by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations. The company operates in North America, South America, and Central America, including various Caribbean nations; Europe, the Middle East, and Africa; and the Asia Pacific. As of February 16, 2022, the company had approximately 6,800 properties with 1 million rooms in 122 countries and territories. Hilton Worldwide Holdings Inc. was founded in 1919 and is headquartered in McLean, Virginia.Show more

Revenue $11.17B +9.2%
EBITDA $2.52B +6.1%
Net Income $1.53B +34.5%
EPS (Diluted) 6.14 +42.1%
Gross Margin 27.41% -4.2%
EBITDA Margin 22.52% -2.8%
Operating Margin 21.21% -2.4%
Net Margin 13.74% +23.2%
ROE -
ROIC 25.42% +9.3%
Debt/Equity -
Interest Coverage 4.17 -13.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 16.2% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 6.3% through buybacks
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.62%

5Y3.4%

3Y24.52%

TTM6.68%

Profit (Net Income) CAGR

10Y8.59%

5Y11.74%

3Y55.28%

TTM41.46%

EPS CAGR

10Y11.65%

5Y15.1%

3Y61.41%

TTM47.85%

ROCE

10Y Avg10.05%

5Y Avg12.06%

3Y Avg18.63%

Latest20.17%

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+	11.27B	11.66B	9.14B	8.91B	9.45B	4.31B	5.79B	8.77B	10.23B	11.17B
Revenue Growth %	0.07%	0.03%	-0.22%	-0.03%	0.06%	-0.54%	0.34%	0.52%	0.17%	0.09%
Cost of Goods Sold+	5.42B	4.89B	6.17B	6.66B	7.02B	3.72B	4.13B	6.08B	7.3B	8.11B
COGS % of Revenue	0.48%	0.42%	0.67%	0.75%	0.74%	0.86%	0.71%	0.69%	0.71%	0.73%
Gross Profit+	1.71B	1.69B	1.96B	2.25B	2.44B	583M	1.66B	2.7B	2.93B	3.06B
Gross Margin %	0.15%	0.14%	0.21%	0.25%	0.26%	0.14%	0.29%	0.31%	0.29%	0.27%
Gross Profit Growth %	-0.39%	-0.01%	0.16%	0.15%	0.08%	-0.76%	1.84%	0.63%	0.09%	0.05%
Operating Expenses+	808M	820M	831M	819M	778M	1B	645M	604M	705M	693M
OpEx % of Revenue	0.07%	0.07%	0.09%	0.09%	0.08%	0.23%	0.11%	0.07%	0.07%	0.06%
Selling, General & Admin	537M	409M	439M	443M	441M	311M	405M	382M	408M	415M
SG&A % of Revenue	0.05%	0.04%	0.05%	0.05%	0.05%	0.07%	0.07%	0.04%	0.04%	0.04%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	271M	411M	392M	376M	337M	690M	240M	222M	297M	278M
Operating Income+	900M	868M	1.13B	1.43B	1.66B	-418M	1.01B	2.09B	2.23B	2.37B
Operating Margin %	0.08%	0.07%	0.12%	0.16%	0.18%	-0.1%	0.17%	0.24%	0.22%	0.21%
Operating Income Growth %	-0.46%	-0.04%	0.3%	0.27%	0.16%	-1.25%	3.42%	1.07%	0.06%	0.07%
EBITDA+	1.59B	1.54B	1.47B	1.76B	2B	-87M	1.2B	2.26B	2.37B	2.52B
EBITDA Margin %	0.14%	0.13%	0.16%	0.2%	0.21%	-0.02%	0.21%	0.26%	0.23%	0.23%
EBITDA Growth %	-0.31%	-0.03%	-0.05%	0.2%	0.14%	-1.04%	14.77%	0.88%	0.05%	0.06%
D&A (Non-Cash Add-back)	692M	673M	336M	325M	346M	331M	188M	162M	147M	146M
EBIT	910M	874M	1.1B	1.45B	1.66B	-495M	957M	2.15B	2.16B	2.35B
Net Interest Income+	-377M	-334M	-351M	-371M	-414M	-429M	-397M	-415M	-464M	-569M
Interest Income	19M	12M	0	0	0	0	0	0	0	0
Interest Expense	575M	587M	351M	371M	414M	429M	397M	415M	464M	569M
Other Income/Expense	-367M	-328M	-379M	-354M	-413M	-506M	-450M	-360M	-533M	-587M
Pretax Income+	1.5B	1.25B	930M	1.08B	1.24B	-924M	560M	1.73B	1.69B	1.78B
Pretax Margin %	0.13%	0.11%	0.1%	0.12%	0.13%	-0.21%	0.1%	0.2%	0.17%	0.16%
Income Tax+	-348M	557M	-336M	309M	358M	-204M	153M	477M	541M	244M
Effective Tax Rate %	0.94%	0.27%	1.17%	0.71%	0.71%	0.77%	0.73%	0.72%	0.67%	0.86%
Net Income+	1.4B	338M	1.08B	764M	881M	-715M	410M	1.25B	1.14B	1.53B
Net Margin %	0.12%	0.03%	0.12%	0.09%	0.09%	-0.17%	0.07%	0.14%	0.11%	0.14%
Net Income Growth %	1.09%	-0.76%	2.21%	-0.3%	0.15%	-1.81%	1.57%	2.06%	-0.09%	0.35%
Net Income (Continuing)	881M	-17M	1.09B	769M	886M	-720M	407M	1.26B	1.15B	1.54B
Discontinued Operations	535M	371M	0	0	0	0	0	0	0	0
Minority Interest	-34M	-50M	3M	7M	10M	4M	2M	4M	13M	38M
EPS (Diluted)+	4.26	1.05	3.32	2.50	3.04	-2.58	1.46	4.53	4.32	6.14
EPS Growth %	1.09%	-0.75%	2.16%	-0.25%	0.22%	-1.85%	1.57%	2.1%	-0.05%	0.42%
EPS (Basic)	4.26	1.06	3.34	2.53	3.07	-2.60	1.47	4.56	4.35	6.20
Diluted Shares Outstanding	329.67M	330.03M	327M	305M	290M	279M	281M	277M	264M	247.5M
Basic Shares Outstanding	328.67M	329.03M	324M	302M	287M	277M	279M	275M	262M	247.5M
Dividend Payout Ratio	0.1%	0.82%	0.18%	0.24%	0.2%	-	-	0.1%	0.14%	0.1%

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+	2.58B	3.56B	1.99B	1.98B	2.09B	4.2B	2.87B	2.87B	2.61B	3.27B
Cash & Short-Term Investments	609M	1.42B	570M	403M	538M	3.22B	1.43B	1.21B	800M	1.3B
Cash Only	609M	1.42B	570M	403M	538M	3.22B	1.43B	1.21B	800M	1.3B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.1B	768M	1B	1.15B	1.26B	771M	1.07B	1.33B	1.49B	1.58B
Days Sales Outstanding	35.68	24.04	40.13	47.13	48.7	65.34	67.35	55.21	53.03	51.71
Inventory	442M	541M	0	0	0	0	0	0	0	0
Days Inventory Outstanding	29.74	40.4	-	-	-	-	-	-	-	-
Other Current Assets	38M	1.1B	305M	270M	164M	143M	287M	229M	196M	195M
Total Non-Current Assets+	23.13B	22.65B	12.32B	12.01B	12.86B	12.55B	12.57B	12.64B	12.79B	13.25B
Property, Plant & Equipment	9.12B	8.93B	353M	367M	1.25B	1.12B	999M	942M	1B	978M
Fixed Asset Turnover	1.24x	1.31x	25.89x	24.27x	7.58x	3.85x	5.79x	9.31x	10.24x	11.43x
Goodwill	5.89B	5.82B	5.19B	5.16B	5.16B	5.09B	5.07B	5.03B	5.05B	5.04B
Intangible Assets	6.65B	6.37B	6.23B	6.16B	6.08B	5.82B	5.83B	5.89B	6.08B	6.42B
Long-Term Investments	138M	114M	11M	16M	0	0	0	0	0	0
Other Non-Current Assets	1.25B	1.3B	423M	223M	280M	323M	452M	576M	512M	500M
Total Assets+	25.72B	26.21B	14.31B	13.99B	14.96B	16.75B	15.44B	15.51B	15.4B	16.52B
Asset Turnover	0.44x	0.44x	0.64x	0.64x	0.63x	0.26x	0.37x	0.57x	0.66x	0.68x
Asset Growth %	-0.02%	0.02%	-0.45%	-0.02%	0.07%	0.12%	-0.08%	0%	-0.01%	0.07%
Total Current Liabilities+	2.47B	2.68B	2.21B	2.62B	2.87B	2.43B	3.02B	3.37B	3.72B	4.7B
Accounts Payable	331M	314M	282M	283M	303M	224M	274M	368M	457M	409M
Days Payables Outstanding	22.27	23.45	16.69	15.52	15.76	21.95	24.2	22.11	22.83	18.41
Short-Term Debt	204M	33M	46M	16M	0	0	0	39M	39M	535M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	1.27B	1.81B	1.31B	1.43B	2.07B	1.61B	2.2B	2.42B	2.61B	2.98B
Current Ratio	1.05x	1.33x	0.90x	0.76x	0.73x	1.73x	0.95x	0.85x	0.70x	0.70x
Quick Ratio	0.87x	1.12x	0.90x	0.76x	0.73x	1.73x	0.95x	0.85x	0.70x	0.70x
Cash Conversion Cycle	43.15	40.99	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	17.23B	17.68B	10.07B	10.82B	12.56B	15.81B	13.24B	13.24B	14.03B	15.51B
Long-Term Debt	10.25B	6.58B	6.56B	7.06B	7.75B	10.23B	8.56B	8.71B	9.16B	10.62B
Capital Lease Obligations	0	0	0	209M	1.25B	1.17B	1.02B	832M	808M	735M
Deferred Tax Liabilities	4.63B	4.58B	1.06B	898M	795M	649M	700M	735M	401M	322M
Other Non-Current Liabilities	2.07B	9.28B	1.76B	1.83B	1.94B	2.75B	2.06B	1.98B	2.53B	2.54B
Total Liabilities	19.77B	20.36B	12.23B	13.44B	15.43B	18.24B	16.26B	16.61B	17.75B	20.21B
Total Debt+	10.55B	10.81B	6.6B	7.28B	9.16B	11.63B	9.78B	9.69B	10.12B	12B
Net Debt	9.94B	9.39B	6.03B	6.88B	8.63B	8.41B	8.35B	8.48B	9.32B	10.7B
Debt / Equity	1.77x	1.85x	3.18x	13.05x	-	-	-	-	-	-
Debt / EBITDA	6.63x	7.02x	4.50x	4.14x	4.57x	-	8.16x	4.30x	4.27x	4.77x
Net Debt / EBITDA	6.24x	6.10x	4.11x	3.92x	4.31x	-	6.97x	3.76x	3.93x	4.25x
Interest Coverage	1.57x	1.48x	3.23x	3.86x	4.00x	-0.97x	2.54x	5.05x	4.80x	4.17x
Total Equity+	5.95B	5.85B	2.08B	558M	-472M	-1.49B	-819M	-1.1B	-2.35B	-3.69B
Equity Growth %	0.26%	-0.02%	-0.65%	-0.73%	-1.85%	-2.15%	0.45%	-0.34%	-1.14%	-0.57%
Book Value per Share	18.05	17.72	6.35	1.83	-1.63	-5.33	-2.91	-3.96	-8.89	-14.91
Total Shareholders' Equity	5.99B	5.9B	2.07B	551M	-482M	-1.49B	-821M	-1.1B	-2.36B	-3.73B
Common Stock	10M	10M	3M	3M	3M	3M	3M	3M	3M	3M
Retained Earnings	-3.39B	-3.32B	-6.6B	-6.42B	-5.96B	-6.73B	-6.32B	-5.19B	-4.21B	-2.82B
Treasury Stock	0	0	-891M	-2.63B	-4.17B	-4.45B	-4.44B	-6.04B	-8.39B	-11.26B
Accumulated OCI	-784M	-1B	-742M	-782M	-840M	-860M	-779M	-706M	-731M	-782M
Minority Interest	-34M	-50M	3M	7M	10M	4M	2M	4M	13M	38M

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+	1.39B	1.35B	924M	1.25B	1.38B	708M	109M	1.68B	1.95B	2.01B
Operating CF Margin %	0.12%	0.12%	0.1%	0.14%	0.15%	0.16%	0.02%	0.19%	0.19%	0.18%
Operating CF Growth %	0.02%	-0.03%	-0.32%	0.36%	0.1%	-0.49%	-0.85%	14.42%	0.16%	0.03%
Net Income	1.42B	364M	1.26B	769M	886M	-720M	407M	1.26B	1.15B	1.54B
Depreciation & Amortization	692M	686M	347M	325M	346M	331M	188M	162M	147M	146M
Stock-Based Compensation	124M	65M	74M	127M	154M	97M	193M	162M	169M	176M
Deferred Taxes	-479M	-79M	-727M	-14M	-20M	-235M	-4M	34M	-264M	-247M
Other Non-Cash Items	-329M	35M	108M	-49M	-120M	342M	-147M	-105M	-112M	-105M
Working Capital Changes	-30M	279M	-142M	97M	138M	893M	-528M	171M	855M	504M
Change in Receivables	-96M	-197M	-210M	-161M	-105M	488M	-301M	-270M	-126M	-103M
Change in Inventory	-39M	15M	-38M	137M	-99M	652M	-345M	0	585M	0
Change in Payables	59M	217M	51M	139M	99M	-414M	273M	198M	181M	155M
Cash from Investing+	392M	-478M	-222M	-131M	-123M	-107M	-57M	-123M	-305M	-446M
Capital Expenditures	-409M	-453M	-208M	-159M	-205M	-92M	-79M	-102M	-151M	0
CapEx % of Revenue	0.04%	0.04%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2.22B	-25M	-14M	28M	-38M	-15M	16M	32M	-154M	-218M
Cash from Financing+	-1.72B	-29M	-1.72B	-1.3B	-1.11B	2.03B	-1.79B	-1.76B	-2.04B	-1.04B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-138M	-277M	-195M	-181M	-172M	-42M	0	-123M	-158M	-150M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-39M	-123M	-602M	-69M	-56M	-99M	-73M	-27M	84M	45M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	985M	897M	716M	1.1B	1.18B	616M	30M	1.58B	1.7B	1.81B
FCF Margin %	0.09%	0.08%	0.08%	0.12%	0.12%	0.14%	0.01%	0.18%	0.17%	0.16%
FCF Growth %	0.02%	-0.09%	-0.2%	0.53%	0.08%	-0.48%	-0.95%	51.63%	0.08%	0.07%
FCF per Share	2.99	2.72	2.19	3.59	4.07	2.21	0.11	5.70	6.44	7.33
FCF Conversion (FCF/Net Income)	0.99x	3.99x	0.85x	1.64x	1.57x	-0.99x	0.27x	1.34x	1.71x	1.31x
Interest Paid	0	0	0	0	360M	433M	359M	385M	492M	562M
Taxes Paid	0	0	0	0	363M	79M	181M	389M	478M	492M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	26.33%	5.73%	27.36%	58.03%	2048.84%	-	-	-	-	-
Return on Invested Capital (ROIC)	4.25%	4.18%	7.27%	13.82%	15.94%	-4.16%	10.48%	21.06%	23.25%	25.42%
Gross Margin	15.15%	14.47%	21.48%	25.28%	25.76%	13.54%	28.59%	30.75%	28.63%	27.41%
Net Margin	12.46%	2.9%	11.86%	8.58%	9.32%	-16.6%	7.08%	14.31%	11.15%	13.74%
Debt / Equity	1.77x	1.85x	3.18x	13.05x	-	-	-	-	-	-
Interest Coverage	1.57x	1.48x	3.23x	3.86x	4.00x	-0.97x	2.54x	5.05x	4.80x	4.17x
FCF Conversion	0.99x	3.99x	0.85x	1.64x	1.57x	-0.99x	0.27x	1.34x	1.71x	1.31x
Revenue Growth	7.33%	3.47%	-21.63%	-2.56%	6.13%	-54.43%	34.39%	51.57%	16.66%	9.17%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Reimbursement Revenue	-	-	-	5.24B	5.69B	2.71B	3.34B	5.04B	5.83B	6.43B
Reimbursement Revenue Growth	-	-	-	-	8.55%	-52.39%	23.53%	50.63%	15.68%	10.31%
Management and Franchise	1.69B	1.79B	1.98B	1.53B	1.68B	945M	1.49B	2.07B	2.37B	2.6B
Management and Franchise Growth	-	5.62%	11.03%	-22.84%	9.87%	-43.78%	57.99%	38.51%	14.60%	9.70%
Hotel, Owned	-	-	-	1.48B	1.42B	421M	598M	1.08B	1.24B	1.25B
Hotel, Owned Growth	-	-	-	-	-4.18%	-70.39%	42.04%	79.93%	15.61%	0.88%
Management Service, Base	-	-	-	321M	332M	123M	176M	294M	342M	369M
Management Service, Base Growth	-	-	-	-	3.43%	-62.95%	43.09%	67.05%	16.33%	7.89%
Management Service, Incentive	-	-	-	235M	230M	38M	98M	196M	274M	290M
Management Service, Incentive Growth	-	-	-	-	-2.13%	-83.48%	157.89%	100.00%	39.80%	5.84%
Hotel, Other	-	-	-	98M	101M	73M	79M	102M	178M	232M
Hotel, Other Growth	-	-	-	-	3.06%	-27.72%	8.22%	29.11%	74.51%	30.34%

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	8.84B	9.38B	7.03B	6.85B	7.42B	3.59B	4.76B	6.95B	7.99B	8.78B
UNITED STATES Growth	-	6.08%	-25.04%	-2.63%	8.40%	-51.60%	32.62%	45.79%	14.96%	9.93%
Total of All Other Countries	2.43B	2.28B	1.56B	1.51B	2.03B	714M	1.02B	1.83B	2.25B	2.4B
Total of All Other Countries Growth	-	-6.05%	-31.61%	-3.01%	34.10%	-64.81%	43.28%	78.49%	23.17%	6.49%

Frequently Asked Questions

Valuation & Price

Hilton Worldwide Holdings Inc. (HLT) has a price-to-earnings (P/E) ratio of 49.2x. This suggests investors expect higher future growth.

Growth & Financials

Hilton Worldwide Holdings Inc. (HLT) reported $11.73B in revenue for fiscal year 2024. This represents a 34% increase from $8.78B in 2011.

Hilton Worldwide Holdings Inc. (HLT) grew revenue by 9.2% over the past year. This is steady growth.

Yes, Hilton Worldwide Holdings Inc. (HLT) is profitable, generating $1.67B in net income for fiscal year 2024 (13.7% net margin).

Dividend & Returns

Yes, Hilton Worldwide Holdings Inc. (HLT) pays a dividend with a yield of 0.20%. This makes it attractive for income-focused investors.

Hilton Worldwide Holdings Inc. (HLT) generated $2.34B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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