Hilton Worldwide Holdings (HLT)
NYSE:HLT
Top Page
Hilton Worldwide Holdings
(NYSE:HLT)
Select Model
Select Model
Rating:62Neutral
Price Target:
$312.00
▼(-5.85% Downside)
Action:ReiteratedDate:03/19/26
The score is driven primarily by strong cash generation and solid operating performance, partially offset by balance-sheet leverage/negative equity and some inconsistency in latest reported figures. The latest earnings call supports the outlook via unit growth, pipeline strength, and large shareholder returns, but technical momentum is currently weak and valuation (high P/E, low yield) provides limited support.
Positive Factors
Asset-light business model
Hilton’s asset-light franchise and management model scales fee income with systemwide room demand while requiring limited capital expenditure. This structurally supports higher margins, predictable recurring fee streams, and faster unit growth versus asset-heavy peers, enhancing long-term capital efficiency.
Negative Factors
Elevated leverage and weak equity
Persistently high debt and negative equity in recent years constrain financial flexibility and increase refinancing and covenant risk. Elevated leverage raises interest sensitivity and limits the company’s capacity to absorb shocks or accelerate non-fee investments without increasing financing costs or diluting stakeholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-light business model
Hilton’s asset-light franchise and management model scales fee income with systemwide room demand while requiring limited capital expenditure. This structurally supports higher margins, predictable recurring fee streams, and faster unit growth versus asset-heavy peers, enhancing long-term capital efficiency.
Read all positive factors
Hilton Worldwide Holdings (HLT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$75.04B
Dividend Yield0.21%
Average Volume (3M)1.76M
Price to Earnings (P/E)46.5
Beta (1Y)0.91
Revenue Growth6.68%
EPS Growth48.03%
CountryUS
Employees182,000
SectorConsumer Cyclical
Sector Strength84
IndustryTravel Lodging
Share Statistics
EPS (TTM)2.08
Shares Outstanding229,291,610
10 Day Avg. Volume1,340,143
30 Day Avg. Volume1,755,606
Financial Highlights & Ratios
PEG Ratio-144.24
Price to Book (P/B)-12.58
Price to Sales (P/S)5.63
P/FCF Ratio33.43
Enterprise Value/Market Cap1.21
Enterprise Value/Revenue7.53
Enterprise Value/Gross Profit18.30
Enterprise Value/Ebitda31.60
Forecast
1Y Price Target
$333.27Price Target Upside0.57% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)9.03
Revenue Forecast (FY)$13.10B
Hilton Worldwide Holdings Business Overview & Revenue Model
Company Description
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 licensin...
How the Company Makes Money
Hilton primarily makes money through an “asset-light” model that monetizes its brands, operating systems, and distribution capabilities rather than relying mainly on owning real estate. Key revenue streams include: (1) Franchise fees: Hilton licen...
Hilton Worldwide Holdings Earnings Call Summary
Earnings Call Date:Feb 11, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Positive
The call presented multiple material positives: record adjusted EBITDA, strong development and conversion momentum, a record pipeline (520k+ rooms), robust shareholder returns ($3.3B in 2025 and ~$3.5B expected in 2026), and improving booking trends heading into 2026. Offsetting items include region-specific weaknesses (U.S. business transient and China group demand), earlier-than-expected RevPAR softness, and near-term EPS pressure from higher leverage/interest. On balance, the company emphasized accelerating momentum into 2026 with growth drivers in EMEA, APAC recovery (ex-China), and sustained unit growth under a capital-light model.Positive Updates
Record Adjusted EBITDA and Strong Profitability
Full-year 2025 adjusted EBITDA reached a record $3.7 billion, up 9% year over year. Fourth-quarter adjusted EBITDA was $946 million, up 10% year over year and above the high end of guidance. Diluted EPS (adjusted for special items) for Q4 was $2.08.
Negative Updates
U.S. RevPAR and Business Transient Softness
Comparable U.S. RevPAR decreased 1.0% in Q4 2025, primarily due to weakness in business transient and group tied to the prolonged U.S. government shutdown. Business transient RevPAR was down 2.1% in Q4.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Adjusted EBITDA and Strong Profitability
Full-year 2025 adjusted EBITDA reached a record $3.7 billion, up 9% year over year. Fourth-quarter adjusted EBITDA was $946 million, up 10% year over year and above the high end of guidance. Diluted EPS (adjusted for special items) for Q4 was $2.08.
Read all positive updates
Company Guidance
Hilton guided first‑quarter 2026 system‑wide RevPAR growth of ~12% year‑over‑year (including U.S. storm impacts), Q1 adjusted EBITDA of $875–$895 million and Q1 adjusted diluted EPS of $1.91–$1.97; for full‑year 2026 it expects system‑wide RevPAR +1% to +2%, adjusted EBITDA $4.00–$4.04 billion and adjusted diluted EPS $8.65–$8.77 (guidance excludes future share repurchases). Management also reiterated 2026 net unit growth of 6%–7% (after 6.7% in 2025 and ~100,000 new rooms), a global pipeline above 520,000 rooms, and regional RevPAR assumptions: U.S. toward the low end of company guidance, Americas ex‑U.S. low‑single digits, Europe low‑single digits, Middle East & Africa mid‑single digits, and APAC low‑single digits (China roughly flat). The company plans to return about $3.5 billion to shareholders in 2026 via buybacks and dividends, pays a quarterly dividend of $0.15 per share (Q4 2025 dividend was $0.15; 2025 dividends totaled $143 million), and noted leverage moving closer to ~3.25x.Hilton Worldwide Holdings Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
34
Negative
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.04B | 11.17B | 10.23B | 8.77B | 5.79B |
| Gross Profit | 4.95B | 3.06B | 2.93B | 2.70B | 1.66B |
| EBITDA | 2.87B | 2.50B | 2.30B | 2.31B | 1.15B |
| Net Income | 1.46B | 1.53B | 1.14B | 1.25B | 410.00M |
Balance Sheet | |||||
| Total Assets | 16.77B | 16.52B | 15.40B | 15.51B | 15.44B |
| Cash, Cash Equivalents and Short-Term Investments | 970.00M | 1.30B | 800.00M | 1.21B | 1.43B |
| Total Debt | 15.67B | 12.00B | 10.12B | 9.69B | 9.78B |
| Total Liabilities | 22.12B | 20.21B | 17.75B | 16.61B | 16.26B |
| Stockholders Equity | -5.39B | -3.73B | -2.36B | -1.10B | -821.00M |
Cash Flow | |||||
| Free Cash Flow | 2.03B | 1.81B | 1.70B | 1.58B | 30.00M |
| Operating Cash Flow | 2.13B | 2.01B | 1.95B | 1.68B | 109.00M |
| Investing Cash Flow | -190.00M | -446.00M | -305.00M | -123.00M | -57.00M |
| Financing Cash Flow | -2.35B | -1.04B | -2.04B | -1.76B | -1.79B |
Hilton Worldwide Holdings Technical Analysis
Positive
331.38
Price Trends
307.96
Positive
297.75
Positive
282.76
Positive
Market Momentum
5.98
Negative
69.08
Neutral
98.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HLT, the sentiment is Positive. The current price of 331.38 is above the 20-day moving average (MA) of 306.49, above the 50-day MA of 307.96, and above the 200-day MA of 282.76, indicating a bullish trend. The MACD of 5.98 indicates Negative momentum. The RSI at 69.08 is Neutral, neither overbought nor oversold. The STOCH value of 98.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HLT.
Hilton Worldwide Holdings Risk Analysis
Hilton Worldwide Holdings disclosed 40 risk factors in its most recent earnings report. Hilton Worldwide Holdings reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hilton Worldwide Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $20.73B | 28.95 | -23.50% | 1.21% | 8.89% | 23.20% | |
68 Neutral | $15.04B | -294.43 | -1.50% | 0.36% | 2.61% | -106.74% | |
68 Neutral | $95.26B | 46.80 | -79.90% | 0.84% | 4.68% | -1.10% | |
65 Neutral | $15.60B | 20.45 | 42.78% | 3.60% | 5.70% | 9.53% | |
62 Neutral | $75.04B | 46.53 | -30.22% | 0.21% | 6.68% | 48.03% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $6.45B | -23.83 | 35.09% | 2.13% | 3.38% | 38.04% |
* Consumer Cyclical Sector Average
HLT
Hilton Worldwide Holdings
331.38
120.52
57.16%
HTHT
H World Group
52.43
18.24
53.36%
H
Hyatt Hotels
162.98
54.95
50.87%
IHG
Intercontinental Hotels Group
144.24
41.61
40.55%
MAR
Marriott International
366.70
146.20
66.31%
WH
Wyndham Hotels & Resorts
87.38
5.56
6.79%
Hilton Worldwide Holdings Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Hilton Amends Credit Facility, Extends Maturity and Liquidity
Positive
Mar 18, 2026
On March 18, 2026, Hilton Domestic Operating Company Inc., an indirect subsidiary of Hilton Worldwide Holdings Inc., amended its existing Credit Agreement to extend the maturity of its senior secured revolving credit facility to the earlier of fiv...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.