Hilton Worldwide Holdings Inc. HLT

Consumer DiscretionaryHotels & Entertainment ServicesUnited States of America

Last close 364.71 USD on Nov 2, 2026, +27.1% year to date

Quant rating

Quant rating B Rank 108 of 344 in Consumer Discretionary

Growth B 59 of 344
Valuation D 313 of 344
Quality C 172 of 344
Revisions B 94 of 344
Momentum A 42 of 344

Wall Street consensus Buy (2.23)Average target 362.83 USD −0.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 81.1B
Enterprise value: 93.8B
52-week range: 254.00 – 368.46
3-year range: 152.62 – 368.46
Dividend yield: 0.17%
Beta (5 years): 1.07
Shares outstanding: 223M
Next earnings: Feb 9, 2027

About the company

Hilton Worldwide Holdings Inc is a global hospitality company, which is engaged in managing, franchising and leasing hotels and resorts, and licensing its intellectual property (IP), including brand names, trademarks and service marks. The Company operates through two segments, which include management and franchise and ownership. The management and franchise segment includes all the hotels it manages for third-party owners, as well as all properties that license its intellectual property (IP), and/or use its booking channels and related programs, and where it provides other contracted services. The ownership segment includes nightly hotel room sales, food and beverage sales and other services at its consolidated hotels. It also includes approximately 46 hotels consisting of 15,287 total rooms. Its brands include Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, LXR Hotels & Resorts, NoMad, Signia by Hilton, Canopy by Hilton, Hilton Hotels & Resorts and others.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	12,039	11,174	10,235	8,773	5,788	–
Revenue growth	7.7%	9.2%	16.7%	51.6%	34.4%	22.8%
EPS (basic, normalized)	8.11	7.12	6.21	4.89	2.08	–
EPS growth	13.9%	14.7%	27.0%	135.1%	–	–
Gross margin	37.3%	37.5%	39.8%	42.1%	40.3%	39.4%
Net margin	12.1%	13.7%	11.1%	14.3%	7.1%	11.7%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	774
Current ratio	0.59x
Long-term debt (mil)	12,731
Net debt (mil)	12,617
Total equity (mil)	−6,593
Net debt / equity	−1.91x
Net debt / EBITDA	3.39x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	12,039	+7.7%	7.8x	3,725	+10.3%	25.2x	8.11	+13.9%	45.0x
2026	12,990	+7.9%	7.2x	4,053	+8.8%	23.1x	9.13	+12.5%	40.0x
2027	14,131	+8.8%	6.6x	4,459	+10.0%	21.0x	10.46	+14.6%	34.9x
2028	15,298	+8.3%	6.1x	4,878	+9.4%	19.2x	12.01	+14.8%	30.4x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	12,990	+2.7%	+4.8%	−0.4%	9.13	+1.0%	+1.0%	+1.2%
2027	14,131	+2.8%	+4.8%	−0.1%	10.46	+0.1%	+0.2%	+0.8%
2028	15,298	+0.3%	−0.3%	+0.1%	12.01	+0.1%	−0.7%	+0.4%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	2,573	2,951	2,867	2,783	2,695	3,137	3,120	3,087	2,937	3,341
Sales mean (mil)	2,533	2,932	2,905	2,772	2,719	3,102	3,010	2,987	2,955	3,327
Surprise	+1.6%	+0.7%	−1.3%	+0.4%	−0.9%	+1.1%	+3.6%	+3.3%	−0.6%	+0.4%
EPS reported	1.53	1.91	1.92	1.76	1.72	2.20	2.11	2.08	2.01	2.29
EPS mean	1.42	1.86	1.85	1.68	1.61	2.04	2.06	2.02	1.97	2.29
Surprise	+7.9%	+2.7%	+4.0%	+4.7%	+6.7%	+7.8%	+2.6%	+3.0%	+2.2%	+0.2%

Peer comparison Hotels & Entertainment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
HLT Hilton Worldwide Holdings Inc.	81.1B	3.39x	12.1%	−12.34x	40.0x	34.9x	23.1x	21.0x
MCD McDonald's Corp	188.0B	2.63x	31.9%	−183.74x	20.6x	19.3x	14.6x	13.9x
BKNG Booking Holdings Inc.	115.5B	0.30x	20.1%	−10.81x	14.7x	12.4x	10.9x	9.7x
MAR Marriott International, Inc.	108.6B	3.06x	9.9%	−24.09x	35.1x	31.4x	20.7x	19.3x
RCL Royal Caribbean Cruises Ltd.	85.9B	3.09x	23.8%	7.33x	17.9x	15.8x	13.9x	12.6x
YUM Yum! Brands, Inc.	43.0B	4.01x	19.0%	−6.05x	24.6x	22.6x	18.4x	17.5x
Mean		2.75x	19.5%	−38.28x	25.5x	22.7x	16.9x	15.7x
Median		3.07x	19.5%	−11.57x	22.6x	21.0x	16.5x	15.7x

Technical analysis

1M+14.2%
3M+13.8%
1Y+42.2%
3Y+140.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Hilton Worldwide Holdings Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	12,039	11,174	10,235	8,773	5,788	4,307
Cost of revenue	7,550	6,985	6,164	5,076	3,454	3,104
Gross profit	4,489	4,189	4,071	3,697	2,334	1,203
Selling, general & administrative expenses	1,487	1,541	1,549	1,381	1,084	931
Research & development	–	–	–	–	–	–
Depreciation/amortization	177	146	147	162	188	331
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	0	−5.0	38.0	0	76.0	347
Other operating expenses	132	137	112	60.0	45.0	60.0
Operating income	2,693	2,370	2,225	2,094	941	−466
Net interest income (expense)	−631	−581	−572	−410	−404	−456
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	10.0	−6.0	39.0	50.0	23.0	−2.0
Net income before taxes	2,072	1,783	1,692	1,734	560	−924
Provision for taxes	611	244	541	477	153	−204
Minority interest	−4.0	−4.0	−10.0	−2.0	3.0	5.0
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,457	1,535	1,141	1,255	410	−715
Extraordinary items	–	–	–	–	–	–
Net income	1,457	1,535	1,141	1,255	410	−715
EBIT, normalized	2,796	2,506	2,354	2,148	1,035	−67.0
EBITDA, normalized	2,973	2,652	2,501	2,310	1,223	264
Basic EPS, normalized	8.11	7.12	6.21	4.89	2.08	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Hilton Worldwide Holdings Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	918	1,301	800	1,209	1,427	3,218
Receivables	1,690	1,583	1,487	1,327	1,068	771
Total inventory	–	–	–	–	–	–
Prepaid expenses	219	193	131	105	89.0	70.0
Other current assets	169	195	196	229	−234	143
Total current assets	2,996	3,272	2,614	2,870	2,350	4,202
Property, plant & equipment	1,261	978	1,000	942	999	1,118
Goodwill	5,081	5,035	5,052	5,032	5,071	5,095
Intangibles	6,700	6,419	6,083	5,888	5,835	5,823
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	736	818	652	780	665	517
Total assets	16,774	16,522	15,401	15,512	14,920	16,755
Liabilities
Accounts payable	376	409	457	368	274	224
Payable/accrued	–	–	–	–	–	–
Accrued expenses	787	754	708	667	654	574
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	25.0	535	39.0	39.0	54.0	56.0
Other current liabilities	3,320	3,002	2,518	2,298	2,037	1,577
Total current liabilities	4,508	4,700	3,722	3,372	3,019	2,431
Long-term debt	12,338	10,616	9,157	8,708	8,712	10,431
Minority interest	42.0	38.0	13.0	4.0	2.0	4.0
Other liabilities	5,274	4,895	4,869	4,530	4,008	5,379
Total liabilities	22,162	20,249	17,761	16,614	15,741	18,245
Shareholders' equity
Preferred stock	–	–	–	0	0	0
Common stock	3.0	3.0	3.0	3.0	3.0	3.0
Additional paid-in capital	11,274	11,130	10,968	10,831	10,720	10,552
Retained earnings (accumulated deficit)	−1,508	−2,822	−4,207	−5,190	−6,322	−6,732
Treasury stock	−14,428	−11,256	−8,393	−6,040	−4,443	−4,453
Other equity	−729	−782	−731	−706	−779	−860
Total equity	−5,388	−3,727	−2,360	−1,102	−821	−1,490
Total liabilities & shareholders' equity	16,774	16,522	15,401	15,512	14,920	16,755

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Hilton Worldwide Holdings Inc., fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,461	1,539	1,151	1,257	407	−720
Depreciation, depletion & amortization	177	146	147	162	188	331
Deferred taxes	64.0	−247	−264	34.0	−4.0	−235
Non-cash items	26.0	145	141	130	124	378
Changes in working capital	401	430	771	98.0	−606	954
Cash from operations	2,129	2,013	1,946	1,681	109	708
Investing activities
Capital expenditures	−185	−198	−247	−102	−79.0	−92.0
Other investing cash flows	−5.0	−248	−58.0	−21.0	22.0	−15.0
Cash from investing	−190	−446	−305	−123	−57.0	−107
Financing activities
Financing cash flow items	−58.0	−48.0	−21.0	−56.0	−125	−99.0
Cash dividends paid	−143	−150	−158	−123	0	−42.0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−2,147	−847	−1,861	−1,586	−1,668	2,173
Cash from financing	−2,348	−1,045	−2,040	−1,765	−1,793	2,032
Foreign exchange effects	3.0	−21.0	−12.0	−19.0	−10.0	0
Net change in cash	−406	501	−411	−226	−1,751	2,633
Free cash flow	1,944	1,815	1,699	1,579	30.0	616

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.