Hilton Worldwide (HLT)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $74.4B, Hilton Worldwide's free cash flow of $2.0B (fiscal 2025) would need to grow about 13% a year for the stock to be worth today's price. That is faster than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Hilton Worldwide's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from HLT's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Hilton Worldwide's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $5.8B | $8.8B | $10.2B | $11.2B | $12.0B |
| Net income | $410M | $1.3B | $1.1B | $1.5B | $1.5B |
| Free cash flow | $74M | $1.6B | $1.8B | $1.9B | $2.0B |
| EPS (diluted) | $1.46 | $4.53 | $4.33 | $6.14 | $6.12 |
| Operating margin | 17.4% | 23.9% | 21.7% | 21.2% | 22.4% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own HLT
From each investor's latest 13F filing (what a 13F shows). 8 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Added | $531M | 0.18% | Q2 2026 |
| Hersh Cohen ClearBridge Investments |
Trimmed | $323M | 0.27% | Q2 2026 |
| Ron Baron Baron Capital (BAMCO) |
Added | $96M | 0.14% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $51M | 0.12% | Q2 2026 |
| Bill Nygren Harris Associates LP |
Trimmed | $28M | 0.04% | Q2 2026 |
| Boykin Curry Eagle Capital Management |
Trimmed | $8M | 0.02% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
New position | $6M | 0.06% | Q2 2026 |
| Mark Massey AltaRock Partners LP |
Trimmed | $5M | 0.12% | Q2 2026 |
Insider buying
Open-market purchases by Hilton Worldwide's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Mar 30, 2026 | Ro Khanna |
0 | $295.86 | — |
| Mar 30, 2026 | Ro Khanna |
0 | $295.86 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $299.23 | — |
| Jan 29, 2026 | Ro Khanna |
0 | $299.23 | — |
| Jan 23, 2026 | Ro Khanna |
0 | $298.02 | — |
| Jan 23, 2026 | Ro Khanna |
0 | $298.02 | — |
| Dec 29, 2025 | Markwayne Mullin |
0 | $292.20 | — |
| Dec 29, 2025 | Markwayne Mullin |
0 | $292.20 | — |
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In the full deep dive
Questions
What growth does Hilton Worldwide's stock price imply?
At a market value of $74.4B, Hilton Worldwide would need its free cash flow to grow about 13% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 8% a year.
Are Hilton Worldwide insiders buying the stock?
8 open-market insider purchases of HLT in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Hilton Worldwide?
8 of the superinvestors Investingly tracks hold HLT in their latest 13F, including Cliff Asness, Hersh Cohen, Ron Baron.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.