Hilton Worldwide (HLT) Financials

$253.20 +8.43 (+3.44%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$253.32 +0.12 (+0.05%)

As of 04:01 AM Eastern

Annual Income Statements for Hilton Worldwide

This table shows Hilton Worldwide's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,535	1,141	1,255	410	-715	881	764	422	1,179	1,404
Consolidated Net Income / (Loss)	1,539	1,151	1,257	407	-720	886	769	1,089	1,163	1,416
Net Income / (Loss) Continuing Operations	1,539	1,151	1,257	407	-720	886	1,387	417	-17	881
Total Pre-Tax Income	1,783	1,692	1,734	560	-924	1,244	1,078	753	606	533
Total Operating Income	2,370	2,225	2,094	1,010	-418	1,657	1,432	1,132	868	900
Total Gross Profit	3,063	2,930	2,698	1,655	583	2,435	2,251	3,232	1,688	1,708
Total Revenue	11,174	10,235	8,773	5,788	4,307	9,452	8,906	8,131	6,576	7,133
Operating Revenue	11,174	10,235	8,773	5,788	4,307	9,452	8,906	8,131	6,576	7,133
Total Cost of Revenue	8,111	7,305	6,075	4,133	3,724	7,017	6,655	4,899	4,888	5,425
Operating Cost of Revenue	8,111	7,305	6,075	4,133	3,724	7,017	6,655	-	4,888	5,425
Total Operating Expenses	693	705	604	645	1,001	778	819	2,100	754	808
Selling, General & Admin Expense	415	408	382	405	371	513	494	439	409	537
Depreciation Expense	146	147	162	188	331	346	325	336	353	385
Other Operating Expenses / (Income)	137	112	60	45	-	-	-	1,325	-	49
Impairment Charge	0.00	38	0.00	0.00	258	0.00	0.00	-	-	-
Other Special Charges / (Income)	-5.00	0.00	0.00	7.00	0.00	-81	0.00	0.00	-8.00	-163
Total Other Income / (Expense), net	-587	-533	-360	-450	-506	-413	-354	-379	-328	-367
Interest Expense	569	464	415	397	429	414	371	411	334	377
Interest & Investment Income	0.00	-92	0.00	0.00	-	-	-	-	-	-
Other Income / (Expense), net	-18	23	55	-53	-77	1.00	17	32	6.00	10
Income Tax Expense	244	541	477	153	-204	358	309	-336	-557	-348
Net Income / (Loss) Attributable to Noncontrolling Interest	4.00	10	2.00	-3.00	-5.00	5.00	5.00	5.00	-16	12
Basic Earnings per Share	$6.20	$4.36	$4.56	$1.47	($2.58)	$3.07	$2.53	$3.34	$1.03	$4.27
Weighted Average Basic Shares Outstanding	240.60M	504.32M	532.90M	558.28M	555.22M	554.90M	302M	279.40M	329M	329M
Diluted Earnings per Share	$6.14	$4.33	$4.53	$1.46	($2.58)	$3.04	$2.50	$3.32	$1.03	$4.26
Weighted Average Diluted Shares Outstanding	240.60M	504.32M	532.90M	558.28M	555.22M	554.90M	302M	279.40M	329M	329M
Weighted Average Basic & Diluted Shares Outstanding	240.60M	504.32M	532.90M	558.28M	555.22M	554.90M	302M	279.40M	329M	329M
Cash Dividends to Common per Share	$0.60	$0.60	$0.45	$0.00	$0.15	$0.60	$0.60	$0.60	$0.84	$0.42

This table shows Hilton Worldwide's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	300	505	344	421	265	147	377	411	206	328	347
Consolidated Net Income / (Loss)	300	505	344	422	268	150	379	413	209	333	346
Net Income / (Loss) Continuing Operations	300	505	344	422	268	150	379	413	209	333	346
Total Pre-Tax Income	410	336	491	591	365	274	548	568	302	403	527
Total Operating Income	536	489	623	725	533	400	653	674	498	504	623
Total Gross Profit	2,456	669	789	909	696	613	815	855	647	663	768
Total Revenue	2,695	2,783	2,867	2,951	2,573	2,609	2,673	2,660	2,293	3,149	2,105
Operating Revenue	2,695	2,783	2,867	2,951	2,573	2,609	2,673	2,660	2,293	3,149	2,105
Total Cost of Revenue	239	2,114	2,078	2,042	1,877	1,996	1,858	1,805	1,646	2,486	1,337
Operating Cost of Revenue	239	2,114	2,078	2,042	1,877	1,996	1,858	1,805	1,646	2,486	1,337
Total Operating Expenses	1,920	180	166	184	163	213	162	181	149	159	145
Selling, General & Admin Expense	120	97	101	113	104	110	96	111	91	60	106
Depreciation Expense	41	39	37	34	36	33	40	37	37	39	39
Other Operating Expenses / (Income)	1,759	44	26	37	30	32	26	33	21	-	-
Other Special Charges / (Income)	0.00	-	2.00	0.00	-7.00	-	0.00	0.00	0.00	-	-
Total Other Income / (Expense), net	-126	-153	-132	-134	-168	-126	-105	-106	-196	-101	-96
Interest Expense	145	157	140	141	131	124	113	111	116	120	106
Other Income / (Expense), net	19	4.00	8.00	7.00	-37	-2.00	8.00	5.00	12	19	10
Income Tax Expense	110	-169	147	169	97	124	169	155	93	70	181
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-	0.00	1.00	3.00	3.00	2.00	2.00	3.00	5.00	-1.00
Basic Earnings per Share	$1.25	$2.06	$1.40	$1.69	$1.05	$0.58	$1.45	$1.56	$0.77	$1.20	$1.27
Weighted Average Basic Shares Outstanding	237.70M	240.60M	243.78M	246.43M	250.05M	504.32M	256.44M	261.51M	264.63M	532.90M	270.46M
Diluted Earnings per Share	$1.23	$2.05	$1.38	$1.67	$1.04	$0.57	$1.44	$1.55	$0.77	$1.20	$1.26
Weighted Average Diluted Shares Outstanding	237.70M	240.60M	243.78M	246.43M	250.05M	504.32M	256.44M	261.51M	264.63M	532.90M	270.46M
Weighted Average Basic & Diluted Shares Outstanding	237.70M	240.60M	243.78M	246.43M	250.05M	504.32M	256.44M	261.51M	264.63M	532.90M	270.46M
Cash Dividends to Common per Share	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15	$0.15

This table details how cash moves in and out of Hilton Worldwide's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	522	-399	-207	-1,741	2,633	148	30	90	383	88
Net Cash From Operating Activities	2,013	1,946	1,681	109	708	1,384	1,255	849	1,310	1,446
Net Cash From Continuing Operating Activities	2,013	1,946	1,681	109	708	1,384	1,461	895	865	1,446
Net Income / (Loss) Continuing Operations	1,539	1,151	1,257	407	-720	886	769	1,089	354	1,416
Consolidated Net Income / (Loss)	1,539	1,151	1,257	407	-720	886	769	1,089	354	1,416
Depreciation Expense	146	147	162	188	331	346	325	336	-	692
Amortization Expense	67	59	54	48	46	45	43	32	48	38
Non-Cash Adjustments To Reconcile Net Income	78	82	76	49	332	-52	35	-57	58	-115
Changes in Operating Assets and Liabilities, net	183	507	132	-583	719	159	83	-551	405	-585
Net Cash From Investing Activities	-446	-305	-123	-57	-107	-123	-131	-147	-423	414
Net Cash From Continuing Investing Activities	-446	-305	-123	-57	-107	-123	-131	-147	-423	414
Purchase of Property, Plant & Equipment	-96	-151	-39	-35	-46	-81	-72	-58	-317	-310
Acquisitions	-338	-96	-63	-44	-46	-124	-87	-75	-81	-1,501
Purchase of Investments	-12	-41	26	0.00	-3.00	-	-	-	-	-
Sale of Property, Plant & Equipment	8.00	5.00	0.00	6.00	0.00	120	0.00	0.00	-	2,205
Other Investing Activities, net	-8.00	-22	-47	21	-12	-38	-22	-21	-28	20
Net Cash From Financing Activities	-1,045	-2,040	-1,765	-1,793	2,032	-1,113	-1,300	-1,724	-44	-1,753
Net Cash From Continuing Financing Activities	-1,045	-2,040	-1,765	-1,793	2,032	-1,113	-1,300	-658	-44	-1,753
Repayment of Debt	-362	-203	-48	-3,306	-2,193	-1,576	-1,030	-1,930	-4,435	-1,624
Repurchase of Common Equity	-2,893	-2,338	-1,590	0.00	-296	-1,538	-1,721	-891	0.00	0.00
Payment of Dividends	-150	-158	-123	0.00	-42	-172	-181	-195	-309	-146
Issuance of Debt	2,283	609	23	1,510	4,590	2,200	1,676	1,824	4,715	48
Issuance of Common Equity	93	51	29	52	31	17	-	-	-	-
Other Financing Activities, net	-16	-1.00	-56	-49	-58	-44	-44	-532	-15	-31

This table details how cash moves in and out of Hilton Worldwide's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-569	-268	847	-602	545	92	-100	-89	-302	-78	116
Net Cash From Operating Activities	452	582	664	421	346	465	687	464	330	482	671
Net Cash From Continuing Operating Activities	452	582	664	421	346	465	687	464	330	482	671
Net Income / (Loss) Continuing Operations	300	505	344	422	268	150	379	413	209	333	346
Consolidated Net Income / (Loss)	300	505	344	422	268	150	379	413	209	333	346
Depreciation Expense	41	39	37	34	36	33	40	37	37	39	39
Amortization Expense	14	30	12	13	12	27	11	11	10	26	10
Non-Cash Adjustments To Reconcile Net Income	-17	25	39	46	-32	-196	234	24	20	15	22
Changes in Operating Assets and Liabilities, net	114	-17	232	-94	62	451	23	-21	54	69	254
Net Cash From Investing Activities	-50	-79	-49	-291	-27	-77	-74	-69	-85	-25	-4.00
Net Cash From Continuing Investing Activities	-50	-79	-49	-291	-27	-77	-74	-69	-85	-25	-4.00
Purchase of Property, Plant & Equipment	-19	-48	-17	-15	-16	-42	-35	-30	-44	-20	-8.00
Acquisitions	-21	-31	-30	-259	-18	-28	-26	-23	-19	-20	-18
Purchase of Investments	-10	-7.00	-2.00	-2.00	-1.00	2.00	-13	-16	-14	14	21
Sale of Property, Plant & Equipment	0.00	-	-	-	8.00	5.00	-	-	0.00	-	-
Net Cash From Financing Activities	-974	-771	232	-744	238	-296	-713	-484	-547	-535	-551
Net Cash From Continuing Financing Activities	-974	-771	232	-744	238	-296	-713	-484	-547	-535	-551
Repayment of Debt	-10	-17	-28	-95	-222	-154	-19	-9.00	-21	-13	-10
Repurchase of Common Equity	-875	-766	-725	-736	-666	-743	-675	-470	-450	-498	-506
Payment of Dividends	-37	-37	-37	-37	-39	-38	-39	-40	-41	-41	-41
Issuance of Debt	0.00	-	1,000	83	1,200	606	3.00	-	0.00	-	5.00
Issuance of Common Equity	9.00	36	10	27	20	19	4.00	23	5.00	13	-
Other Financing Activities, net	-61	13	12	14	-55	14	13	12	-40	4.00	1.00
Effect of Exchange Rate Changes	3.00	-	-	-	-12	-	-	-	-	-	-

This table presents Hilton Worldwide's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	16,522	15,401	15,512	15,441	16,755	14,957	13,995	14,228	26,211	25,622
Total Current Assets	3,272	2,614	2,870	2,871	4,202	2,093	1,983	2,007	3,557	2,585
Cash & Equivalents	1,301	800	1,209	1,427	3,218	538	403	570	1,062	609
Restricted Cash	75	75	77	85	45	92	81	100	121	247
Accounts Receivable	1,583	1,487	1,327	1,068	771	1,261	1,150	1,005	755	876
Prepaid Expenses	193	131	105	89	70	130	160	127	89	147
Other Current Assets	120	121	152	202	98	72	189	169	39	38
Plant, Property, & Equipment, net	411	382	280	305	346	380	367	353	341	9,119
Total Noncurrent Assets	12,839	12,405	12,362	12,265	12,207	12,484	11,645	11,868	22,313	13,918
Goodwill	5,035	5,052	5,032	5,071	5,095	5,159	5,160	5,190	5,218	5,887
Intangible Assets	6,419	6,083	5,888	5,835	5,823	6,078	6,156	6,276	6,258	6,654
Noncurrent Deferred & Refundable Income Taxes	318	140	204	213	194	100	90	111	82	78
Other Noncurrent Operating Assets	1,067	1,130	1,238	1,146	1,095	1,147	239	291	408	274
Total Liabilities & Shareholders' Equity	16,522	15,401	15,512	15,441	16,755	14,957	13,995	14,228	26,211	25,622
Total Liabilities	20,211	17,748	16,610	16,260	18,241	15,429	13,437	12,537	20,362	19,671
Total Current Liabilities	4,700	3,722	3,372	3,019	2,431	2,871	2,615	2,462	2,684	2,443
Short-Term Debt	535	39	39	54	56	37	16	46	33	204
Accounts Payable	2,124	1,979	1,790	1,568	1,302	1,703	1,549	1,416	1,821	2,206
Current Deferred Revenue	664	502	433	350	370	332	350	366	-	-
Other Current Liabilities	1,377	1,202	1,110	1,047	703	799	700	622	-	-
Total Noncurrent Liabilities	15,511	14,026	13,238	13,241	15,810	12,558	10,822	10,075	17,678	17,228
Long-Term Debt	10,616	9,157	8,708	8,712	10,431	7,956	7,266	6,556	6,583	10,249
Capital Lease Obligations	735	808	832	870	971	1,037	0.00	-	-	-
Noncurrent Deferred Revenue	1,300	1,132	986	896	1,004	827	1,795	1,668	931	1,067
Noncurrent Deferred & Payable Income Tax Liabilities	322	401	735	700	649	795	898	931	1,778	4,630
Other Noncurrent Operating Liabilities	2,538	2,528	1,977	2,063	2,755	1,943	863	920	1,492	1,282
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	17	0.00	-	-	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	-3,706	-2,347	-1,098	-819	-1,486	-472	558	1,691	5,849	5,951
Total Preferred & Common Equity	-3,727	-2,360	-1,102	-821	-1,490	-482	551	1,688	5,899	5,985
Total Common Equity	-3,727	-2,360	-1,102	-821	-1,490	-482	551	1,688	5,899	5,985
Common Stock	11,133	10,971	10,834	10,723	10,555	10,492	10,375	10,301	10,223	10,161
Retained Earnings	-2,822	-4,207	-5,190	-6,322	-6,732	-5,965	-6,417	-6,981	-3,323	-3,392
Treasury Stock	-11,256	-8,393	-6,040	-4,443	-4,453	-4,169	-2,625	-891	0.00	-
Accumulated Other Comprehensive Income / (Loss)	-782	-731	-706	-779	-860	-840	-782	-741	-1,001	-784
Noncontrolling Interest	21	13	4.00	2.00	4.00	10	7.00	3.00	-50	-34

This table presents Hilton Worldwide's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	16,043	16,522	16,689	15,737	15,932	15,401	15,200	15,297	15,211	15,512	15,508
Total Current Assets	2,764	3,272	3,573	2,689	3,183	2,614	2,484	2,580	2,561	2,870	2,976
Cash & Equivalents	731	1,301	1,580	731	1,346	800	698	806	901	1,209	1,302
Restricted Cash	76	75	75	71	74	75	81	77	77	77	80
Accounts Receivable	1,575	1,583	1,597	1,578	1,467	1,487	1,396	1,402	1,298	1,327	1,278
Prepaid Expenses	234	193	191	166	193	131	157	146	158	105	139
Other Current Assets	148	120	130	143	103	121	152	149	127	152	197
Plant, Property, & Equipment, net	420	411	395	378	377	382	305	297	287	280	296
Total Noncurrent Assets	12,859	12,839	12,721	12,670	12,372	12,405	12,411	12,420	12,363	12,362	12,376
Goodwill	5,049	5,035	5,065	5,042	5,044	5,052	5,033	5,048	5,041	5,032	4,990
Intangible Assets	6,432	6,419	6,413	6,382	6,091	6,083	5,984	5,964	5,962	5,888	5,846
Noncurrent Deferred & Refundable Income Taxes	318	318	140	140	140	140	204	204	204	204	262
Other Noncurrent Operating Assets	1,060	1,067	1,103	1,106	1,097	1,130	1,190	1,204	1,156	1,238	1,278
Total Liabilities & Shareholders' Equity	16,043	16,522	16,689	15,737	15,932	15,401	15,200	15,297	15,211	15,512	15,508
Total Liabilities	20,382	20,211	20,119	18,815	18,749	17,748	16,953	16,720	16,624	16,610	16,422
Total Current Liabilities	4,835	4,700	4,491	4,226	3,774	3,722	3,561	3,435	3,390	3,372	3,365
Short-Term Debt	535	535	538	539	38	39	37	35	35	39	39
Accounts Payable	2,160	2,124	2,074	1,913	1,935	1,979	1,876	1,694	1,704	1,790	1,743
Current Deferred Revenue	660	664	543	501	513	502	460	460	444	433	266
Other Current Liabilities	1,480	1,377	1,336	1,273	1,288	1,202	1,188	1,246	1,207	1,110	1,332
Total Noncurrent Liabilities	15,547	15,511	15,628	14,589	14,975	14,026	13,392	13,285	13,234	13,238	13,071
Long-Term Debt	10,617	10,616	10,626	9,633	10,135	9,157	8,682	8,696	8,706	8,708	8,692
Capital Lease Obligations	728	735	798	786	775	808	804	839	831	832	786
Noncurrent Deferred Revenue	1,311	1,300	1,241	1,202	1,152	1,132	1,098	1,022	992	986	845
Noncurrent Deferred & Payable Income Tax Liabilities	296	322	357	368	373	401	706	710	715	735	794
Other Noncurrent Operating Liabilities	2,595	2,538	2,606	2,600	2,540	2,528	2,102	2,018	1,990	1,977	1,954
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	16	17	20	21	-	0.00	-	-	-	-	-
Total Equity & Noncontrolling Interests	-4,355	-3,706	-3,450	-3,099	-2,817	-2,347	-1,753	-1,423	-1,413	-1,098	-914
Total Preferred & Common Equity	-4,378	-3,727	-3,470	-3,116	-2,833	-2,360	-1,763	-1,431	-1,420	-1,102	-913
Total Common Equity	-4,378	-3,727	-3,470	-3,116	-2,833	-2,360	-1,763	-1,431	-1,420	-1,102	-913
Common Stock	11,104	11,133	11,075	11,025	10,957	10,971	10,928	10,882	10,818	10,834	10,794
Retained Earnings	-2,559	-2,822	-3,290	-3,597	-3,981	-4,207	-4,316	-4,654	-5,025	-5,190	-5,477
Treasury Stock	-12,154	-11,256	-10,514	-9,781	-9,060	-8,393	-7,647	-6,956	-6,489	-6,040	-5,545
Accumulated Other Comprehensive Income / (Loss)	-769	-782	-741	-763	-749	-731	-728	-703	-724	-706	-685
Noncontrolling Interest	23	21	20	17	16	13	10	8.00	7.00	4.00	-1.00

This table displays calculated financial ratios and metrics derived from Hilton Worldwide's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.17%	16.66%	51.57%	34.39%	-54.43%	6.13%	9.53%	23.65%	-7.81%	-32.08%
EBITDA Growth	4.52%	3.76%	98.24%	1,111.02%	-105.76%	12.77%	18.60%	66.16%	-43.78%	-32.06%
EBIT Growth	4.63%	4.61%	124.56%	293.33%	-129.86%	14.42%	24.48%	33.18%	-3.96%	-47.58%
NOPAT Growth	35.15%	-0.29%	106.79%	350.87%	-124.79%	15.53%	-37.60%	-1.72%	11.98%	49.55%
Net Income Growth	33.71%	-8.43%	208.85%	156.53%	-181.26%	15.21%	-29.38%	-6.36%	-17.87%	107.62%
EPS Growth	41.80%	-4.42%	210.27%	156.59%	-184.87%	21.60%	-24.70%	222.33%	-17.87%	107.62%
Operating Cash Flow Growth	3.44%	15.76%	1,442.20%	-84.60%	-48.84%	10.28%	47.82%	-35.19%	-9.41%	10.64%
Free Cash Flow Firm Growth	4.16%	18.34%	1,079.23%	-85.10%	52.33%	-52.80%	13.12%	-88.55%	543.81%	9.95%
Invested Capital Growth	0.58%	-5.74%	-1.51%	8.88%	-15.38%	7.78%	-3.50%	6.99%	-53.76%	-0.38%
Revenue Q/Q Growth	1.58%	-5.01%	14.53%	24.69%	-25.56%	0.86%	2.53%	14.59%	54.37%	-37.61%
EBITDA Q/Q Growth	4.23%	-5.03%	12.09%	43.73%	-131.13%	0.05%	10.52%	30.72%	28.77%	-38.55%
EBIT Q/Q Growth	4.21%	-5.27%	13.76%	65.57%	-1,803.85%	-0.42%	13.38%	-0.68%	2,470.59%	-54.32%
NOPAT Q/Q Growth	30.36%	-11.29%	15.46%	-25.57%	-8,460.00%	-36.04%	-25.32%	-9.93%	8,399.06%	39.46%
Net Income Q/Q Growth	29.98%	-13.72%	17.26%	164.29%	20.27%	-36.67%	-39.64%	40.34%	-25.54%	86.56%
EPS Q/Q Growth	31.76%	-12.70%	17.36%	1,023.08%	-120.51%	-38.71%	127.27%	-1.48%	-25.54%	86.56%
Operating Cash Flow Q/Q Growth	6.17%	-0.87%	26.39%	168.13%	-32.44%	-9.13%	7.45%	-9.29%	-8.01%	3.36%
Free Cash Flow Firm Q/Q Growth	19.21%	-6.80%	658.24%	-68.43%	-55.92%	-59.41%	9.30%	-88.81%	1,582.10%	-20.23%
Invested Capital Q/Q Growth	-0.81%	-2.99%	-2.14%	16.84%	17.64%	1.63%	-1.31%	4.93%	-54.41%	3.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	27.41%	28.63%	30.75%	28.59%	13.54%	25.76%	25.28%	39.75%	25.67%	23.95%
EBITDA Margin	22.96%	23.98%	26.96%	20.61%	-2.74%	21.68%	20.40%	18.84%	14.02%	22.99%
Operating Margin	21.21%	21.74%	23.87%	17.45%	-9.71%	17.53%	16.08%	13.92%	13.20%	12.62%
EBIT Margin	21.05%	21.96%	24.50%	16.53%	-11.49%	17.54%	16.27%	14.32%	13.29%	12.76%
Profit (Net Income) Margin	13.77%	11.25%	14.33%	7.03%	-16.72%	9.37%	8.63%	13.39%	17.69%	19.85%
Tax Burden Percent	86.32%	68.03%	72.49%	72.68%	77.92%	71.22%	71.34%	144.62%	191.91%	265.67%
Interest Burden Percent	75.81%	75.27%	80.69%	58.52%	186.67%	75.03%	74.40%	64.69%	69.34%	58.57%
Effective Tax Rate	13.68%	31.97%	27.51%	27.32%	0.00%	28.78%	28.66%	-44.62%	-91.91%	-65.29%
Return on Invested Capital (ROIC)	30.08%	21.66%	20.94%	10.48%	-4.00%	15.44%	13.64%	22.20%	14.78%	9.64%
ROIC Less NNEP Spread (ROIC-NNEP)	24.92%	17.50%	17.76%	6.47%	-9.15%	11.57%	9.67%	6.99%	5.42%	8.93%
Return on Net Nonoperating Assets (RNNOA)	-81.07%	-88.48%	-152.08%	-45.79%	77.54%	2,045.02%	54.75%	6.68%	4.93%	16.92%
Return on Equity (ROE)	-50.99%	-66.82%	-131.14%	-35.31%	73.54%	2,060.47%	68.39%	28.89%	19.71%	26.55%
Cash Return on Invested Capital (CROIC)	29.50%	27.57%	22.45%	1.97%	12.66%	7.96%	17.20%	15.45%	88.31%	10.01%
Operating Return on Assets (OROA)	14.74%	14.54%	13.89%	5.94%	-3.12%	11.45%	10.27%	5.76%	3.37%	3.52%
Return on Assets (ROA)	9.64%	7.45%	8.12%	2.53%	-4.54%	6.12%	5.45%	5.39%	4.49%	5.47%
Return on Common Equity (ROCE)	-51.42%	-67.15%	-131.55%	-35.41%	74.07%	1,653.16%	68.08%	29.07%	19.85%	26.73%
Return on Equity Simple (ROE_SIMPLE)	-41.29%	-48.77%	-114.07%	-49.57%	48.32%	-183.82%	139.56%	64.51%	19.72%	23.66%
Net Operating Profit after Tax (NOPAT)	2,046	1,514	1,518	734	-293	1,180	1,022	1,637	1,666	1,488
NOPAT Margin	18.31%	14.79%	17.30%	12.68%	-6.79%	12.49%	11.47%	20.13%	25.33%	20.86%
Net Nonoperating Expense Percent (NNEP)	5.16%	4.16%	3.18%	4.01%	5.15%	3.87%	3.97%	15.21%	9.37%	0.71%
Return On Investment Capital (ROIC_SIMPLE)	25.01%	19.77%	17.90%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	72.59%	71.37%	69.25%	71.41%	86.46%	74.24%	74.72%	60.25%	74.33%	76.06%
SG&A Expenses to Revenue	3.71%	3.99%	4.35%	7.00%	8.61%	5.43%	5.55%	5.40%	6.22%	7.53%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	6.20%	6.89%	6.88%	11.14%	23.24%	8.23%	9.20%	25.83%	11.47%	11.33%
Earnings before Interest and Taxes (EBIT)	2,352	2,248	2,149	957	-495	1,658	1,449	1,164	874	910
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,565	2,454	2,365	1,193	-118	2,049	1,817	1,532	922	1,640
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	38.02	14.78	3.03	2.32
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.39	4.55	3.87	7.45	7.11	3.28	2.35	3.07	2.72	1.94
Price to Earnings (P/E)	39.25	40.81	27.05	105.18	0.00	35.18	27.42	59.12	15.17	9.87
Dividend Yield	0.24%	0.33%	0.36%	0.00%	0.54%	0.55%	1.06%	0.77%	1.94%	1.00%
Earnings Yield	2.55%	2.45%	3.70%	0.95%	0.00%	2.84%	3.65%	1.69%	6.59%	10.13%
Enterprise Value to Invested Capital (EV/IC)	10.38	8.21	5.87	7.02	5.79	4.97	3.77	4.05	3.27	1.51
Enterprise Value to Revenue (EV/Rev)	6.34	5.44	4.81	8.85	9.01	4.17	3.12	3.80	3.54	3.26
Enterprise Value to EBITDA (EV/EBITDA)	27.60	22.70	17.86	42.96	0.00	19.23	15.28	20.16	25.24	14.20
Enterprise Value to EBIT (EV/EBIT)	30.10	24.78	19.66	53.55	0.00	23.77	19.16	26.53	26.62	25.59
Enterprise Value to NOPAT (EV/NOPAT)	34.61	36.81	27.83	69.82	0.00	33.39	27.17	18.86	13.97	15.65
Enterprise Value to Operating Cash Flow (EV/OCF)	35.17	28.63	25.13	470.19	54.83	28.47	22.12	36.38	17.76	16.11
Enterprise Value to Free Cash Flow (EV/FCFF)	35.28	28.92	25.95	371.24	41.90	64.79	21.54	27.11	2.34	15.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.22	-4.26	-8.72	-11.77	-7.71	-19.13	13.05	3.90	1.13	1.76
Long-Term Debt to Equity	-3.08	-4.25	-8.69	-11.70	-7.67	-19.05	13.02	3.88	1.13	1.72
Financial Leverage	-3.25	-5.06	-8.56	-7.08	-8.48	176.72	5.66	0.96	0.91	1.90
Leverage Ratio	-5.29	-8.97	-16.15	-13.97	-16.20	336.65	12.55	5.36	4.39	4.85
Compound Leverage Factor	-4.01	-6.75	-13.03	-8.17	-30.23	252.59	9.34	3.47	3.05	2.84
Debt to Total Capital	145.00%	130.65%	112.95%	109.29%	114.90%	105.52%	92.88%	79.61%	53.08%	63.72%
Short-Term Debt to Total Capital	6.53%	0.51%	0.46%	0.61%	0.56%	0.43%	0.20%	0.55%	0.26%	1.24%
Long-Term Debt to Total Capital	138.48%	130.14%	112.49%	108.68%	114.34%	105.08%	92.68%	79.05%	52.81%	62.48%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.46%	0.17%	0.05%	0.02%	0.04%	0.12%	0.09%	0.04%	-0.40%	-0.21%
Common Equity to Total Capital	-45.47%	-30.82%	-12.99%	-9.31%	-14.94%	-5.63%	7.03%	20.35%	47.32%	36.49%
Debt to EBITDA	4.63	4.08	4.05	8.08	-97.10	4.41	4.01	4.31	7.18	6.37
Net Debt to EBITDA	4.10	3.72	3.51	6.81	-69.45	4.10	3.74	3.87	5.89	5.77
Long-Term Debt to EBITDA	4.43	4.06	4.03	8.03	-96.63	4.39	4.00	4.28	7.14	6.25
Debt to NOPAT	5.81	6.61	6.31	13.13	-39.16	7.65	7.13	4.03	3.97	7.03
Net Debt to NOPAT	5.14	6.03	5.46	11.07	-28.01	7.12	6.65	3.62	3.26	6.36
Long-Term Debt to NOPAT	5.55	6.58	6.28	13.05	-38.97	7.62	7.11	4.00	3.95	6.89
Altman Z-Score	2.59	2.25	1.74	1.59	0.73	1.58	1.22	1.31	0.75	0.64
Noncontrolling Interest Sharing Ratio	-0.84%	-0.49%	-0.31%	-0.26%	-0.72%	19.77%	0.44%	-0.62%	-0.71%	-0.68%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.70	0.70	0.85	0.95	1.73	0.73	0.76	0.82	1.33	1.06
Quick Ratio	0.61	0.61	0.75	0.83	1.64	0.63	0.59	0.64	0.68	0.66
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,007	1,927	1,628	138	926	608	1,289	1,139	9,951	1,546
Operating Cash Flow to CapEx	2,287.50%	1,332.88%	4,310.26%	375.86%	1,539.13%	0.00%	1,743.06%	1,463.79%	413.25%	0.00%
Free Cash Flow to Firm to Interest Expense	3.53	4.15	3.92	0.35	2.16	1.47	3.47	2.77	29.79	4.10
Operating Cash Flow to Interest Expense	3.54	4.19	4.05	0.27	1.65	3.34	3.38	2.07	3.92	3.84
Operating Cash Flow Less CapEx to Interest Expense	3.38	3.88	3.96	0.20	1.54	3.44	3.19	1.92	2.97	8.86
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.70	0.66	0.57	0.36	0.27	0.65	0.63	0.40	0.25	0.28
Accounts Receivable Turnover	7.28	7.27	7.33	6.29	4.24	7.84	8.27	9.24	8.06	8.29
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	12.83
Fixed Asset Turnover	28.18	30.92	29.99	17.78	11.87	25.31	24.74	23.43	1.39	0.86
Accounts Payable Turnover	3.95	3.88	3.62	2.88	2.48	4.32	4.49	3.03	2.43	2.52
Days Sales Outstanding (DSO)	50.14	50.18	49.82	57.99	86.10	46.55	44.16	39.50	45.26	44.01
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	28.46
Days Payable Outstanding (DPO)	92.32	94.16	100.88	126.73	147.26	84.58	81.31	120.59	150.35	144.82
Cash Conversion Cycle (CCC)	-42.18	-43.98	-51.06	-68.74	-61.16	-38.03	-37.15	-81.08	-105.09	-72.36
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,821	6,782	7,195	7,305	6,709	7,928	7,356	7,623	7,125	15,410
Invested Capital Turnover	1.64	1.46	1.21	0.83	0.59	1.24	1.19	1.10	0.58	0.46
Increase / (Decrease) in Invested Capital	39	-413	-110	596	-1,219	572	-267	498	-8,285	-58
Enterprise Value (EV)	70,801	55,707	42,241	51,251	38,817	39,403	27,757	30,883	23,267	23,288
Market Capitalization	60,253	46,565	33,944	43,125	30,618	30,993	20,952	24,948	17,884	13,863
Book Value per Share	($15.29)	($9.20)	($4.07)	($2.95)	($5.37)	($1.71)	$1.86	$5.28	$5.96	$6.06
Tangible Book Value per Share	($62.27)	($52.62)	($44.45)	($42.07)	($44.72)	($41.53)	($36.30)	($30.56)	($5.63)	($6.64)
Total Capital	8,197	7,657	8,481	8,817	9,972	8,558	7,840	8,293	12,465	16,404
Total Debt	11,886	10,004	9,579	9,636	11,458	9,030	7,282	6,602	6,616	10,453
Total Long-Term Debt	11,351	9,965	9,540	9,582	11,402	8,993	7,266	6,556	6,583	10,249
Net Debt	10,510	9,129	8,293	8,124	8,195	8,400	6,798	5,932	5,433	9,459
Capital Expenditures (CapEx)	88	146	39	29	46	-39	72	58	317	-1,895
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,269	-1,944	-1,749	-1,606	-1,436	-1,371	-1,100	-1,079	-277	-510
Debt-free Net Working Capital (DFNWC)	-893	-1,069	-463	-94	1,827	-741	-616	-409	906	346
Net Working Capital (NWC)	-1,428	-1,108	-502	-148	1,771	-778	-632	-455	873	142
Net Nonoperating Expense (NNE)	507	363	261	327	427	294	253	548	503	72
Net Nonoperating Obligations (NNO)	10,510	9,129	8,293	8,124	8,195	8,400	6,798	5,932	1,276	9,459
Total Depreciation and Amortization (D&A)	213	206	216	236	377	391	368	368	48	730
Debt-free, Cash-free Net Working Capital to Revenue	-20.31%	-18.99%	-19.94%	-27.75%	-33.34%	-14.50%	-12.35%	-13.27%	-4.21%	-7.15%
Debt-free Net Working Capital to Revenue	-7.99%	-10.44%	-5.28%	-1.62%	42.42%	-7.84%	-6.92%	-5.03%	13.78%	4.85%
Net Working Capital to Revenue	-12.78%	-10.83%	-5.72%	-2.56%	41.12%	-8.23%	-7.10%	-5.60%	13.28%	1.99%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.20	$4.36	$4.56	$1.47	($2.58)	$3.07	$2.53	$3.88	$1.06	$4.26
Adjusted Weighted Average Basic Shares Outstanding	240.60M	504.32M	532.90M	558.28M	555.22M	554.90M	292.85M	316.12M	329.73M	329.29M
Adjusted Diluted Earnings per Share	$6.14	$4.33	$4.53	$1.46	($2.56)	$3.04	$2.50	$3.85	$1.05	$4.26
Adjusted Weighted Average Diluted Shares Outstanding	240.60M	504.32M	532.90M	558.28M	555.22M	554.90M	292.85M	316.12M	329.73M	329.29M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	240.60M	504.32M	532.90M	558.28M	555.22M	554.90M	292.85M	316.12M	329.73M	329.29M
Normalized Net Operating Profit after Tax (NOPAT)	2,041	1,539	1,518	739	-83	1,122	1,022	792	602	516
Normalized NOPAT Margin	18.27%	15.04%	17.30%	12.77%	-1.93%	11.88%	11.47%	9.75%	9.15%	7.23%
Pre Tax Income Margin	15.96%	16.53%	19.77%	9.68%	-21.45%	13.16%	12.10%	9.26%	9.22%	7.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.13	4.84	5.18	2.41	-1.15	4.00	3.91	2.83	2.62	2.41
NOPAT to Interest Expense	3.60	3.26	3.66	1.85	-0.68	2.85	2.75	3.98	4.99	3.95
EBIT Less CapEx to Interest Expense	3.98	4.53	5.08	2.34	-1.26	4.10	3.71	2.69	1.67	7.44
NOPAT Less CapEx to Interest Expense	3.44	2.95	3.56	1.78	-0.79	2.94	2.56	3.84	4.04	8.97
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.75%	13.73%	9.79%	0.00%	-5.83%	19.41%	23.54%	17.91%	26.57%	10.31%
Augmented Payout Ratio	197.73%	216.85%	136.28%	0.00%	-46.94%	193.00%	247.33%	99.72%	26.57%	10.31%

This table displays calculated financial ratios and metrics derived from Hilton Worldwide's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.74%	6.67%	7.26%	10.94%	12.21%	-17.15%	26.98%	34.14%	49.28%	54.67%	35.89%
EBITDA Growth	12.13%	22.71%	-4.49%	7.15%	-2.33%	-22.11%	4.40%	9.82%	28.64%	76.58%	38.34%
EBIT Growth	11.90%	23.87%	-4.54%	7.81%	-2.75%	-23.90%	4.42%	10.95%	33.86%	98.86%	44.52%
NOPAT Growth	0.22%	235.63%	-3.35%	5.63%	13.55%	-47.42%	10.41%	14.55%	28.81%	100.27%	34.13%
Net Income Growth	11.94%	236.67%	-9.23%	2.18%	28.23%	-54.96%	9.54%	12.53%	-0.95%	125.00%	44.17%
EPS Growth	18.27%	259.65%	-4.17%	7.74%	35.06%	-52.50%	14.29%	17.42%	2.67%	126.42%	46.51%
Operating Cash Flow Growth	30.64%	25.16%	-3.35%	-9.27%	4.85%	-3.53%	2.38%	39.34%	69.23%	267.94%	141.37%
Free Cash Flow Firm Growth	-57.14%	10.12%	-32.26%	-12.16%	58.15%	20.04%	217.61%	186.68%	144.48%	235.67%	-183.12%
Invested Capital Growth	0.34%	0.58%	-1.63%	-2.56%	-6.55%	-5.74%	-4.91%	-4.11%	-2.71%	-1.51%	17.59%
Revenue Q/Q Growth	-3.16%	-2.93%	-2.85%	14.69%	-10.04%	-2.39%	0.49%	16.01%	-27.18%	49.60%	6.15%
EBITDA Q/Q Growth	8.54%	-17.35%	-12.71%	43.20%	18.78%	-35.67%	-2.06%	30.52%	-5.27%	-13.78%	3.02%
EBIT Q/Q Growth	12.58%	-21.87%	-13.80%	47.58%	24.62%	-39.79%	-2.65%	33.14%	-2.49%	-17.38%	3.43%
NOPAT Q/Q Growth	-46.64%	68.38%	-15.69%	32.28%	78.72%	-51.51%	-7.85%	42.20%	-17.24%	1.82%	-4.39%
Net Income Q/Q Growth	-40.59%	46.80%	-18.48%	57.46%	78.67%	-60.42%	-8.23%	97.61%	-37.24%	-3.76%	-5.72%
EPS Q/Q Growth	-40.00%	48.55%	-17.37%	60.58%	82.46%	-60.42%	-7.10%	101.30%	-35.83%	-4.76%	-4.55%
Operating Cash Flow Q/Q Growth	-22.34%	-12.35%	57.72%	21.68%	-25.59%	-32.31%	48.06%	40.61%	-31.54%	-28.17%	101.50%
Free Cash Flow Firm Q/Q Growth	-46.95%	26.43%	-21.77%	-18.31%	36.29%	-22.23%	1.44%	47.08%	3.45%	176.19%	25.24%
Invested Capital Q/Q Growth	-1.28%	-0.81%	-2.84%	5.47%	-1.05%	-2.99%	-3.76%	1.16%	-0.19%	-2.14%	-2.94%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	91.13%	24.04%	27.52%	30.80%	27.05%	23.50%	30.49%	32.14%	28.22%	21.05%	36.48%
EBITDA Margin	22.63%	20.19%	23.72%	26.40%	21.14%	17.55%	26.64%	27.33%	24.29%	18.67%	32.40%
Operating Margin	19.89%	17.57%	21.73%	24.57%	20.72%	15.33%	24.43%	25.34%	21.72%	16.01%	29.60%
EBIT Margin	20.59%	17.71%	22.01%	24.81%	19.28%	15.25%	24.73%	25.53%	22.24%	16.61%	30.07%
Profit (Net Income) Margin	11.13%	18.15%	12.00%	14.30%	10.42%	5.75%	14.18%	15.53%	9.11%	10.57%	16.44%
Tax Burden Percent	73.17%	150.30%	70.06%	71.40%	73.42%	54.74%	69.16%	72.71%	69.21%	82.63%	65.65%
Interest Burden Percent	73.87%	68.15%	77.81%	80.74%	73.59%	68.84%	82.90%	83.65%	59.22%	77.06%	83.25%
Effective Tax Rate	26.83%	-50.30%	29.94%	28.60%	26.58%	45.26%	30.84%	27.29%	30.79%	17.37%	34.35%
Return on Invested Capital (ROIC)	24.45%	43.39%	24.15%	26.44%	23.03%	12.29%	25.39%	25.35%	19.67%	16.00%	21.88%
ROIC Less NNEP Spread (ROIC-NNEP)	23.56%	41.04%	23.18%	25.42%	21.66%	11.50%	24.53%	24.44%	18.05%	14.99%	21.08%
Return on Net Nonoperating Assets (RNNOA)	-67.82%	-133.54%	-85.20%	-106.42%	-92.81%	-58.16%	-156.46%	-188.41%	-142.59%	-128.34%	-161.49%
Return on Equity (ROE)	-43.37%	-90.16%	-61.05%	-79.98%	-69.79%	-45.87%	-131.07%	-163.06%	-122.91%	-112.34%	-139.61%
Cash Return on Invested Capital (CROIC)	29.99%	29.50%	24.28%	24.69%	29.20%	27.57%	28.82%	26.59%	24.71%	22.45%	3.16%
Operating Return on Assets (OROA)	14.55%	12.40%	15.18%	17.27%	13.02%	10.10%	17.35%	16.99%	13.82%	9.41%	14.95%
Return on Assets (ROA)	7.87%	12.70%	8.28%	9.96%	7.03%	3.81%	9.95%	10.33%	5.66%	5.99%	8.17%
Return on Common Equity (ROCE)	-43.70%	-90.92%	-61.64%	-80.80%	-70.17%	-46.09%	-131.52%	-163.65%	-123.38%	-112.69%	-139.54%
Return on Equity Simple (ROE_SIMPLE)	-35.88%	0.00%	-34.12%	-39.12%	-42.71%	0.00%	-75.67%	-90.92%	-88.38%	0.00%	-117.42%
Net Operating Profit after Tax (NOPAT)	392	735	436	518	391	219	452	490	345	416	409
NOPAT Margin	14.55%	26.41%	15.22%	17.54%	15.21%	8.39%	16.90%	18.42%	15.03%	13.23%	19.43%
Net Nonoperating Expense Percent (NNEP)	0.90%	2.34%	0.97%	1.02%	1.36%	0.79%	0.85%	0.90%	1.63%	1.02%	0.81%
Return On Investment Capital (ROIC_SIMPLE)	5.21%	8.98%	-	-	-	2.86%	-	-	-	4.91%	-
Cost of Revenue to Revenue	8.87%	75.96%	72.48%	69.20%	72.95%	76.50%	69.51%	67.86%	71.78%	78.95%	63.52%
SG&A Expenses to Revenue	4.45%	3.49%	3.52%	3.83%	4.04%	4.22%	3.59%	4.17%	3.97%	1.91%	5.04%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	71.24%	6.47%	5.79%	6.24%	6.34%	8.16%	6.06%	6.80%	6.50%	5.05%	6.89%
Earnings before Interest and Taxes (EBIT)	555	493	631	732	496	398	661	679	510	523	633
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	610	562	680	779	544	458	712	727	557	588	682
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	4.85	5.39	5.16	5.05	5.20	4.55	3.63	3.76	3.92	3.87	4.29
Price to Earnings (P/E)	34.87	39.25	48.26	45.09	45.58	40.81	29.62	29.71	29.94	27.05	30.62
Dividend Yield	0.26%	0.24%	0.26%	0.28%	0.28%	0.33%	0.40%	0.52%	0.43%	0.36%	0.25%
Earnings Yield	2.87%	2.55%	2.07%	2.22%	2.19%	2.45%	3.38%	3.37%	3.34%	3.70%	3.27%
Enterprise Value to Invested Capital (EV/IC)	9.78	10.38	9.76	9.15	9.57	8.21	6.85	6.48	6.41	5.87	5.58
Enterprise Value to Revenue (EV/Rev)	5.83	6.34	6.10	5.99	6.11	5.44	4.45	4.61	4.83	4.81	5.36
Enterprise Value to EBITDA (EV/EBITDA)	25.03	27.60	27.29	25.97	26.32	22.70	18.54	18.43	18.48	17.86	19.44
Enterprise Value to EBIT (EV/EBIT)	27.32	30.10	29.75	28.31	28.76	24.78	20.19	20.08	20.19	19.66	21.72
Enterprise Value to NOPAT (EV/NOPAT)	32.29	34.61	42.79	40.87	41.23	36.81	28.08	28.33	28.77	27.83	31.20
Enterprise Value to Operating Cash Flow (EV/OCF)	31.08	35.17	35.42	33.74	32.74	28.63	24.41	24.18	25.33	25.13	30.85
Enterprise Value to Free Cash Flow (EV/FCFF)	32.66	35.28	39.89	36.58	31.68	28.92	23.18	23.87	25.57	25.95	191.07
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-2.74	-3.22	-3.49	-3.56	-3.89	-4.26	-5.43	-6.73	-6.77	-8.72	-10.41
Long-Term Debt to Equity	-2.61	-3.08	-3.33	-3.39	-3.87	-4.25	-5.41	-6.70	-6.75	-8.69	-10.37
Financial Leverage	-2.88	-3.25	-3.68	-4.19	-4.28	-5.06	-6.38	-7.71	-7.90	-8.56	-7.66
Leverage Ratio	-4.47	-5.29	-6.15	-6.89	-7.36	-8.97	-11.51	-13.87	-14.54	-16.15	-15.09
Compound Leverage Factor	-3.30	-3.60	-4.79	-5.57	-5.42	-6.18	-9.55	-11.60	-8.61	-12.44	-12.57
Debt to Total Capital	157.54%	145.00%	140.20%	139.06%	134.65%	130.65%	122.56%	117.47%	117.32%	112.95%	110.62%
Short-Term Debt to Total Capital	7.09%	6.53%	6.31%	6.84%	0.47%	0.51%	0.48%	0.43%	0.43%	0.46%	0.45%
Long-Term Debt to Total Capital	150.44%	138.48%	133.90%	132.22%	134.18%	130.14%	122.08%	117.04%	116.89%	112.49%	110.17%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.52%	0.46%	0.47%	0.48%	0.20%	0.17%	0.13%	0.10%	0.09%	0.05%	-0.01%
Common Equity to Total Capital	-58.06%	-45.47%	-40.67%	-39.54%	-34.84%	-30.82%	-22.69%	-17.56%	-17.40%	-12.99%	-10.61%
Debt to EBITDA	4.52	4.63	4.86	4.40	4.49	4.08	3.69	3.75	3.85	4.05	4.51
Net Debt to EBITDA	4.21	4.10	4.19	4.07	3.90	3.72	3.38	3.40	3.45	3.51	3.86
Long-Term Debt to EBITDA	4.31	4.43	4.64	4.18	4.47	4.06	3.67	3.73	3.83	4.03	4.49
Debt to NOPAT	5.83	5.81	7.62	6.92	7.03	6.61	5.58	5.76	5.99	6.31	7.24
Net Debt to NOPAT	5.43	5.14	6.57	6.41	6.11	6.03	5.13	5.23	5.38	5.46	6.19
Long-Term Debt to NOPAT	5.56	5.55	7.28	6.58	7.00	6.58	5.56	5.74	5.97	6.28	7.21
Altman Z-Score	2.05	2.22	2.14	2.14	2.12	1.86	1.76	1.70	1.56	1.40	1.31
Noncontrolling Interest Sharing Ratio	-0.77%	-0.84%	-0.96%	-1.02%	-0.54%	-0.49%	-0.34%	-0.36%	-0.38%	-0.31%	0.05%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.57	0.70	0.80	0.64	0.84	0.70	0.70	0.75	0.76	0.85	0.88
Quick Ratio	0.48	0.61	0.71	0.55	0.75	0.61	0.59	0.64	0.65	0.75	0.77
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	369	696	550	704	861	632	813	801	545	526	-691
Operating Cash Flow to CapEx	2,378.95%	1,212.50%	3,905.88%	2,806.67%	4,325.00%	1,256.76%	1,962.86%	1,546.67%	750.00%	2,410.00%	8,387.50%
Free Cash Flow to Firm to Interest Expense	2.55	4.43	3.93	4.99	6.58	5.10	7.19	7.22	4.70	4.39	-6.52
Operating Cash Flow to Interest Expense	3.12	3.71	4.74	2.99	2.64	3.75	6.08	4.18	2.84	4.02	6.33
Operating Cash Flow Less CapEx to Interest Expense	2.99	3.40	4.62	2.88	2.58	3.45	5.77	3.91	2.47	3.85	6.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.71	0.70	0.69	0.70	0.68	0.66	0.70	0.67	0.62	0.57	0.50
Accounts Receivable Turnover	7.43	7.28	7.35	7.25	7.61	7.27	8.06	7.59	8.10	7.33	6.69
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	28.35	28.18	31.43	32.02	31.67	30.92	35.86	33.19	33.03	29.99	25.58
Accounts Payable Turnover	3.96	3.95	4.05	4.31	4.14	3.88	4.31	4.33	4.05	3.62	3.23
Days Sales Outstanding (DSO)	49.15	50.14	49.66	50.33	47.99	50.18	45.29	48.11	45.04	49.82	54.56
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	92.23	92.32	90.19	84.69	88.13	94.16	84.73	84.20	90.11	100.88	112.96
Cash Conversion Cycle (CCC)	-43.08	-42.18	-40.53	-34.36	-40.14	-43.98	-39.44	-36.09	-45.07	-51.06	-58.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,734	6,821	6,877	7,078	6,711	6,782	6,991	7,264	7,181	7,195	7,352
Invested Capital Turnover	1.68	1.64	1.59	1.51	1.51	1.46	1.50	1.38	1.31	1.21	1.13
Increase / (Decrease) in Invested Capital	23	39	-114	-186	-470	-413	-361	-311	-200	-110	1,100
Enterprise Value (EV)	65,860	70,801	67,148	64,754	64,245	55,707	47,907	47,081	45,997	42,241	41,024
Market Capitalization	54,748	60,253	56,801	54,560	54,701	46,565	39,153	38,386	37,396	33,944	32,890
Book Value per Share	($18.20)	($15.29)	($14.08)	($12.46)	($11.33)	($9.20)	($6.74)	($5.41)	($5.33)	($4.07)	($3.33)
Tangible Book Value per Share	($65.92)	($62.27)	($60.66)	($58.15)	($55.86)	($52.62)	($48.87)	($47.02)	($46.62)	($44.45)	($42.83)
Total Capital	7,541	8,197	8,532	7,880	8,131	7,657	7,770	8,147	8,159	8,481	8,603
Total Debt	11,880	11,886	11,962	10,958	10,948	10,004	9,523	9,570	9,572	9,579	9,517
Total Long-Term Debt	11,345	11,351	11,424	10,419	10,910	9,965	9,486	9,535	9,537	9,540	9,478
Net Debt	11,073	10,510	10,307	10,156	9,528	9,129	8,744	8,687	8,594	8,293	8,135
Capital Expenditures (CapEx)	19	48	17	15	8.00	37	35	30	44	20	8.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,343	-2,269	-2,035	-1,800	-1,973	-1,944	-1,819	-1,703	-1,772	-1,749	-1,732
Debt-free Net Working Capital (DFNWC)	-1,536	-893	-380	-998	-553	-1,069	-1,040	-820	-794	-463	-350
Net Working Capital (NWC)	-2,071	-1,428	-918	-1,537	-591	-1,108	-1,077	-855	-829	-502	-389
Net Nonoperating Expense (NNE)	92	230	92	96	123	69	73	77	136	83	63
Net Nonoperating Obligations (NNO)	11,073	10,510	10,307	10,156	9,528	9,129	8,744	8,687	8,594	8,293	8,266
Total Depreciation and Amortization (D&A)	55	69	49	47	48	60	51	48	47	65	49
Debt-free, Cash-free Net Working Capital to Revenue	-20.74%	-20.31%	-18.50%	-16.66%	-18.76%	-18.99%	-16.88%	-16.68%	-18.59%	-19.94%	-22.61%
Debt-free Net Working Capital to Revenue	-13.60%	-7.99%	-3.45%	-9.24%	-5.26%	-10.44%	-9.65%	-8.03%	-8.33%	-5.28%	-4.57%
Net Working Capital to Revenue	-18.33%	-12.78%	-8.35%	-14.22%	-5.62%	-10.83%	-10.00%	-8.38%	-8.70%	-5.72%	-5.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.25	$2.06	$1.40	$1.69	$1.05	$0.58	$1.45	$1.56	$0.77	$1.20	$1.27
Adjusted Weighted Average Basic Shares Outstanding	237.70M	240.60M	243.78M	246.43M	250.05M	504.32M	256.44M	261.51M	264.63M	532.90M	270.46M
Adjusted Diluted Earnings per Share	$1.23	$2.05	$1.38	$1.67	$1.04	$0.57	$1.44	$1.55	$0.77	$1.20	$1.26
Adjusted Weighted Average Diluted Shares Outstanding	237.70M	240.60M	243.78M	246.43M	250.05M	504.32M	256.44M	261.51M	264.63M	532.90M	270.46M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	237.70M	240.60M	243.78M	246.43M	250.05M	504.32M	256.44M	261.51M	264.63M	532.90M	270.46M
Normalized Net Operating Profit after Tax (NOPAT)	392	342	438	518	386	219	452	490	345	416	409
Normalized NOPAT Margin	14.55%	12.30%	15.27%	17.54%	15.01%	8.39%	16.90%	18.42%	15.03%	13.23%	19.43%
Pre Tax Income Margin	15.21%	12.07%	17.13%	20.03%	14.19%	10.50%	20.50%	21.35%	13.17%	12.80%	25.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.83	3.14	4.51	5.19	3.79	3.21	5.85	6.12	4.40	4.36	5.97
NOPAT to Interest Expense	2.70	4.68	3.12	3.67	2.99	1.77	4.00	4.42	2.97	3.47	3.86
EBIT Less CapEx to Interest Expense	3.70	2.83	4.39	5.09	3.73	2.91	5.54	5.85	4.02	4.19	5.90
NOPAT Less CapEx to Interest Expense	2.57	4.38	3.00	3.57	2.93	1.47	3.69	4.14	2.59	3.30	3.78
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.42%	9.75%	12.75%	12.55%	12.89%	13.73%	12.07%	12.53%	13.07%	9.79%	7.65%
Augmented Payout Ratio	206.87%	197.73%	255.15%	243.89%	223.97%	216.85%	168.97%	160.42%	165.98%	136.28%	109.51%

Frequently Asked Questions About Hilton Worldwide's Financials

When does Hilton Worldwide's fiscal year end?

According to the most recent income statement we have on file, Hilton Worldwide's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Hilton Worldwide's net income changed over the last 9 years?

Hilton Worldwide's net income were at $1.54 billion at the end of 2024, a 33.7% increase from 2023, and a 8.7% increase since 2015. View Hilton Worldwide's forecast to see where analysts expect Hilton Worldwide to go next.

What is Hilton Worldwide's operating income?

Hilton Worldwide's total operating income in 2024 was $2.37 billion, based on the following breakdown:

Total Gross Profit: $3.06 billion
Total Operating Expenses: $693 million

How has Hilton Worldwide revenue changed over the last 9 years?

Over the last 9 years, Hilton Worldwide's total revenue changed from $7.13 billion in 2015 to $11.17 billion in 2024, a change of 56.7%.

How much debt does Hilton Worldwide have?

Hilton Worldwide's total liabilities were at $20.21 billion at the end of 2024, a 13.9% increase from 2023, and a 2.7% increase since 2015.

How much cash does Hilton Worldwide have?

In the past 9 years, Hilton Worldwide's cash and equivalents has ranged from $403 million in 2018 to $3.22 billion in 2020, and is currently $1.30 billion as of their latest financial filing in 2024.

How has Hilton Worldwide's book value per share changed over the last 9 years?

Over the last 9 years, Hilton Worldwide's book value per share changed from 6.06 in 2015 to -15.29 in 2024, a change of -352.2%.

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This page (NYSE:HLT) was last updated on 5/28/2025 by MarketBeat.com Staff

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Hilton Worldwide (HLT) Financials

Frequently Asked Questions About Hilton Worldwide's Financials

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Hilton Worldwide (HLT) Financials

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Frequently Asked Questions About Hilton Worldwide's Financials

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