H vs HLT: Hyatt Hotels and Hilton Worldwide compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Hilton Worldwide is the larger company, worth $75.3B, about 5.0 times Hyatt Hotels.
- Hilton Worldwide grew revenue faster over the last year (+6.5% vs +1.2%).
- Hyatt Hotels's price assumes faster free cash flow growth: about 26% a year, against 13% for Hilton Worldwide (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | H | HLT |
|---|---|---|
| Market cap | $15.0B | $75.3B |
| Share price | $161.94 | $326.56 |
| Revenue (last fiscal year) | $7.1B | $12.0B |
| Free cash flow (last fiscal year) | $159M | $2.0B |
| Revenue growth, last year | +1.2% | +6.5% |
| Revenue growth per year, last 5 fiscal years | +23.7% | +20.1% |
| Operating margin | — | 23.4% |
| Net margin | 1.1% | 12.7% |
| Return on equity | 2.4% | — |
| P/E (trailing) | — | 50.4x |
| Price / free cash flow | 94.3x | 37.1x |
| EV / EBITDA | 22.6x | 28.5x |
| FCF growth the price implies | 25.6% | 13.1% |
| Dividend yield | 0.36% | 0.18% |
| Debt / equity | 3.13x | — |
| Fundamental grade | F | D |
| Superinvestors holding it | 5 | 8 |
| Insider purchases, last 12 months | 0 | 8 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Hyatt Hotels
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $3.0B | $204M | — |
| 2022 | $5.9B | $473M | — |
| 2023 | $6.7B | $602M | — |
| 2024 | $6.6B | $463M | — |
| 2025 | $7.1B | $159M | — |
Hilton Worldwide
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $5.8B | $74M | 17.4% |
| 2022 | $8.8B | $1.6B | 23.9% |
| 2023 | $10.2B | $1.8B | 21.7% |
| 2024 | $11.2B | $1.9B | 21.2% |
| 2025 | $12.0B | $2.0B | 22.4% |
Where the revenue comes from
Hyatt Hotels · by segments, 2025
Management and franchising$4.8B67%
Owned and leased$1.4B19%
Distribution$946M13%
Hilton Worldwide · by products, 2025
Cost reimbursement revenues$7.1B59%
Franchise and licensing fees$2.8B23%
Ownership$1.2B10%
Base and other management fees$376M3%
Incentive management fees$313M3%
Other revenues$252M2%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open H in InvestinglyQuestions
Which is bigger, Hyatt Hotels or Hilton Worldwide?
Hilton Worldwide (HLT), at $75.3B against $15.0B.
Which grows faster, H or HLT?
Hilton Worldwide: revenue grew +6.5% over the last year, against +1.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.