HiltonHLT

HiltonHLT

Revenue: is the business selling more than it used to?

$12.0B+8% YoYFY 2025

→Revenue reached $12.0B in 2025, compounding +11% a year since 2022 and the pace is picking up. The trailing twelve months are already running at $12.5B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

Net income: how much of that revenue becomes profit?

$1.5B−5% YoYFY 2025

→Net income was $1.5B in 2025, compounding +5% a year over three years. Trailing twelve-month profit stands at $1.6B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

How fast is it growing, year by year?

+7.7%revenue growth, FY 2025

→Revenue grew +8% in 2025 against a five-year average of +24%. Earnings went the other way (-5%) even as sales grew, so margins compressed: costs rose faster than revenue. 2017's +221% earnings rebound off a collapsed base and 2022's +206% earnings rebound off a collapsed base sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

Revenue per share: is your slice growing as fast as the company?

$50.58revenue per share, FY 2025

→Revenue per share reached $50.58 in 2025, compounding +17% a year against +11% for HLT as a whole. Buybacks added roughly 5.8 points to your per-share result. Free cash flow per share stands at $8.52.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

Free cash flow: what is left in real cash after everything?

$2.0B+6% YoYFY 2025

→Free cash flow was $2.0B in 2025, compounding +7% a year since 2022. That is the most cash the business has ever thrown off in a year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

How much of every sales dollar ends up as free cash?

→17 cents of every sales dollar became free cash in 2025, and it has held steady since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

What does staying competitive cost, per dollar of sales?

→The biggest claim on each sales dollar is stock compensation, at 1% of revenue (capital spending 1%). That share has fallen since 2022, so the cost of competing is easing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

When sales grow, do profits grow faster?

→Operating profit outgrew revenue in only 2 of the last 5 years. Costs are growing roughly in step with the business, so scale isn't yet paying for itself.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

Margins: of every $1 of sales, how much survives each cost layer?

→Operating margin has held near 22% since 2022. After everything, 12 cents of each sales dollar reaches net profit. HLT doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

What does it earn on the money it uses?

→Return on capital needs both a profit and an equity base; one of them isn't available here.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

What has the market paid for HLT over time?

46.8xP/E today

→At 46.8x earnings, the market is paying +36% more than HLT's own 10-year median of 34.3x. Expectations are elevated, so more has to go right to justify the price.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

What cash return does the business throw off per dollar of market value?

2.9%FCF yield today

→Every dollar of market value currently buys 2.9% of annual free cash flow, less than its 11-year median of 4.4% - you are paying up for the same cash.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

Could it handle its debt if things went wrong?

→Debt of $12.7B sits against $1.0B of cash. Earnings cover interest 4.4 times - adequate, with less room than it looks in a downturn.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

Is the company's own capital growing?

→Shareholders' equity is negative at $-6.3B: liabilities exceed assets. Usually the mark of heavy buybacks or accumulated losses, and always worth understanding which.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

How much goes back, and how much leaks out as stock comp?

→Shareholders received $3.2B in buybacks and $143M in dividends in 2025. Stock compensation issued $170M of new shares in the same year, offsetting 5% of that.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

How fast is your ownership being diluted - or concentrated?

→The share count shrank 4.8% in 2025, averaging 4.9% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

Is the dividend cheque growing?

→The dividend per share reached $0.60 in 2025, compounding +32% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

Can it afford the dividend?

→The dividend consumed 10% of profit and 7% of free cash flow in 2025. That leaves room to keep paying through a weak year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

Does HLT earn more on its capital than that capital costs?

→HLT earns 22.0% on the capital it employs, well above the 10% most investors treat as the cost of capital. It was 17.2% in 2022, so the trend is up, and the pace is picking up. That is the highest in HLT's filed history.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

HiltonHLT

HLT has issued or retired shares - did shareholders end up better off?

→HLT has shrunk its share count -74% from 2012 to 2025, so each remaining share owns more of the business. Revenue per share is +402% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30