Hilton Worldwide (HLT) Financials

$210.05 -2.36 (-1.11%)

As of 04/14/2025 03:59 PM 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	1,404	1,179	422	764	881	-715	410	1,255	1,141	1,535
Consolidated Net Income / (Loss)	1,416	1,163	1,089	769	886	-720	407	1,257	1,151	1,539
Net Income / (Loss) Continuing Operations	881	-17	417	1,387	886	-720	407	1,257	1,151	1,539
Total Pre-Tax Income	533	606	753	1,078	1,244	-924	560	1,734	1,692	1,783
Total Operating Income	900	868	1,132	1,432	1,657	-418	1,010	2,094	2,225	2,370
Total Gross Profit	1,708	1,688	3,232	2,251	2,435	583	1,655	2,698	2,930	3,063
Total Revenue	7,133	6,576	8,131	8,906	9,452	4,307	5,788	8,773	10,235	11,174
Operating Revenue	7,133	6,576	8,131	8,906	9,452	4,307	5,788	8,773	10,235	11,174
Total Cost of Revenue	5,425	4,888	4,899	6,655	7,017	3,724	4,133	6,075	7,305	8,111
Operating Cost of Revenue	5,425	4,888	-	6,655	7,017	3,724	4,133	6,075	7,305	8,111
Total Operating Expenses	808	754	2,100	819	778	1,001	645	604	705	693
Selling, General & Admin Expense	537	409	439	494	513	371	405	382	408	415
Depreciation Expense	385	353	336	325	346	331	188	162	147	146
Other Operating Expenses / (Income)	49	-	1,325	-	-	-	45	60	112	137
Impairment Charge	-	-	-	0.00	0.00	258	0.00	0.00	38	0.00
Other Special Charges / (Income)	-163	-8.00	0.00	0.00	-81	0.00	7.00	0.00	0.00	-5.00
Total Other Income / (Expense), net	-367	-328	-379	-354	-413	-506	-450	-360	-533	-587
Interest Expense	377	334	411	371	414	429	397	415	464	569
Interest & Investment Income	-	-	-	-	-	-	0.00	0.00	-92	0.00
Other Income / (Expense), net	10	6.00	32	17	1.00	-77	-53	55	23	-18
Income Tax Expense	-348	-557	-336	309	358	-204	153	477	541	244
Net Income / (Loss) Attributable to Noncontrolling Interest	12	-16	5.00	5.00	5.00	-5.00	-3.00	2.00	10	4.00
Basic Earnings per Share	$4.27	$1.03	$3.34	$2.53	$3.07	($2.58)	$1.47	$4.56	$4.36	$6.20
Weighted Average Basic Shares Outstanding	329M	329M	279.40M	302M	554.90M	555.22M	558.28M	532.90M	504.32M	240.60M
Diluted Earnings per Share	$4.26	$1.03	$3.32	$2.50	$3.04	($2.58)	$1.46	$4.53	$4.33	$6.14
Weighted Average Diluted Shares Outstanding	329M	329M	279.40M	302M	554.90M	555.22M	558.28M	532.90M	504.32M	240.60M
Weighted Average Basic & Diluted Shares Outstanding	329M	329M	279.40M	302M	554.90M	555.22M	558.28M	532.90M	504.32M	240.60M
Cash Dividends to Common per Share	$0.42	$0.84	$0.60	$0.60	$0.60	$0.15	$0.00	$0.45	$0.60	$0.60

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

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

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

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

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

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

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

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

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

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?

The last 5 years of Hilton Worldwide's net income performance:

2020: -$720 million
2021: $407 million
2022: $1.26 billion
2023: $1.15 billion
2024: $1.54 billion

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 4/15/2025 by MarketBeat.com Staff

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Hilton Worldwide (HLT) Financials

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Hilton Worldwide (HLT) Financials

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