H vs HTHT: Hyatt Hotels and Huazhu Group compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Hyatt Hotels is the larger company, worth $15.0B, close to Huazhu Group's $13.4B.
- Huazhu Group grew revenue faster over the last year (+5.9% vs +1.2%).
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 | HTHT |
|---|---|---|
| Market cap | $15.0B | $13.4B |
| Share price | $161.94 | $44.16 |
| Revenue (last fiscal year) | $7.1B | $25.3B |
| Free cash flow (last fiscal year) | $159M | — |
| Revenue growth, last year | +1.2% | +5.9% |
| Revenue growth per year, last 5 fiscal years | +23.7% | +18.6% |
| Operating margin | — | 26.9% |
| Net margin | 1.1% | 20.1% |
| Return on equity | 2.4% | 58.2% |
| P/E (trailing) | — | 18.8x |
| Price / free cash flow | 94.3x | 1.83x |
| EV / EBITDA | 22.6x | 13.0x |
| FCF growth the price implies | 25.6% | — |
| Dividend yield | 0.36% | 4.8% |
| Debt / equity | 3.13x | 6.04x |
| Fundamental grade | F | B |
| Superinvestors holding it | 5 | 1 |
| Insider purchases, last 12 months | 0 | 0 |
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 | — |
Huazhu Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $12.8B | — | 1.3% |
| 2022 | $13.9B | — | -2.1% |
| 2023 | $21.9B | — | 21.5% |
| 2024 | $23.9B | — | 21.8% |
| 2025 | $25.3B | — | 26.9% |
Where the revenue comes from
Hyatt Hotels · by segments, 2025
Management and franchising$4.8B67%
Owned and leased$1.4B19%
Distribution$946M13%
Huazhu Group · by segments, 2025
Legacy Huazhu$20.5B81%
Legacy DH$4.8B19%
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 Huazhu Group?
Hyatt Hotels (H), at $15.0B against $13.4B.
Which grows faster, H or HTHT?
Huazhu Group: revenue grew +5.9% 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.