H vs WH: Hyatt Hotels and Wyndham Hotels & Resorts 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, about 2.8 times Wyndham Hotels & Resorts.
- Hyatt Hotels grew revenue faster over the last year (+1.2% vs -5.5%).
- Hyatt Hotels's price assumes faster free cash flow growth: about 26% a year, against 2% for Wyndham Hotels & Resorts (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 | WH |
|---|---|---|
| Market cap | $15.0B | $5.3B |
| Share price | $161.94 | $74.06 |
| Revenue (last fiscal year) | $7.1B | $1.4B |
| Free cash flow (last fiscal year) | $159M | $321M |
| Revenue growth, last year | +1.2% | -5.5% |
| Revenue growth per year, last 5 fiscal years | +23.7% | +3.5% |
| Operating margin | — | 30.3% |
| Net margin | 1.1% | 14.7% |
| Return on equity | 2.4% | 43.3% |
| P/E (trailing) | — | 28.0x |
| Price / free cash flow | 94.3x | 16.4x |
| EV / EBITDA | 22.6x | 10.9x |
| FCF growth the price implies | 25.6% | 2.4% |
| Dividend yield | 0.36% | 2.3% |
| Debt / equity | 3.13x | 8.03x |
| Fundamental grade | F | C |
| Superinvestors holding it | 5 | 5 |
| 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 | — |
Wyndham Hotels & Resorts
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.2B | $389M | 35.8% |
| 2022 | $1.4B | $360M | 41.2% |
| 2023 | $1.4B | $339M | 36.3% |
| 2024 | $1.4B | $241M | 35.3% |
| 2025 | $1.4B | $321M | 28.1% |
Where the revenue comes from
Hyatt Hotels · by segments, 2025
Management and franchising$4.8B67%
Owned and leased$1.4B19%
Distribution$946M13%
Wyndham Hotels & Resorts · by segments, 2022
Hotel Franchising$1.3B85%
Hotel Management$221M15%
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 Wyndham Hotels & Resorts?
Hyatt Hotels (H), at $15.0B against $5.3B.
Which grows faster, H or WH?
Hyatt Hotels: revenue grew +1.2% over the last year, against -5.5%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.