Hilton Worldwide Holdings Inc. (HLT) Key Metrics
HLT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $77.67B
- Enterprise value
- $82.16B
- P/E (TTM)
- 50.6 10-yr median 39.9
- Forward P/E
- 28.7
- PEG ratio
- 1.27
- Price / sales
- 15.2 10-yr median 5.1
- Price / book
- 277.4 10-yr median 12.6
- EV / EBITDA
- 26.6 10-yr median 22.3
- Dividend yield
- 0.17% $0.60 a year
- Beta
- 1.10
HLT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHLT valuation Price multiples at each fiscal year-end price.
HLT returns How much profit the business earns on the capital it uses.
HLT per-share figures Results divided by the shares outstanding at year-end.
HLT financial health Debt, liquidity and how easily interest is covered.
HLT efficiency & capital use Working capital cycle and where the cash goes.
HLT valuation history
HLT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HLT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HLT cash returned to shareholders
HLT price vs earnings per share
HLT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $68.37B | $61.17B | $48.07B | $35.00B | $43.83B | $31.04B | $32.16B | $21.90B | $26.11B | $18.42B |
| Enterprise value | $80.54B | $71.87B | $57.39B | $43.48B | $52.18B | $39.45B | $40.79B | $28.78B | $32.15B | $23.97B |
| P/E ratio | 46.9 | 39.9 | 42.1 | 27.9 | 106.9 | — | 36.5 | 28.7 | 24.1 | 54.5 |
| Price / sales | 5.7 | 5.5 | 4.7 | 4.0 | 7.6 | 7.2 | 3.4 | 2.5 | 7.7 | 2.8 |
| Price / book | — | — | — | — | — | — | — | 39.7 | 12.6 | 3.1 |
| Price / free cash flow | 35.2 | 33.7 | 28.3 | 22.2 | — | 50.4 | 27.3 | 20.0 | 36.5 | 20.5 |
| Price / operating cash flow | 32.1 | 30.4 | 24.7 | 20.8 | 402.1 | 43.8 | 23.2 | 17.4 | 28.3 | 13.6 |
| EV / sales | 6.7 | 6.4 | 5.6 | 5.0 | 9.0 | 9.2 | 4.3 | 3.2 | 9.4 | 3.6 |
| EV / EBITDA | 28.1 | 28.8 | 24.9 | 18.8 | 45.6 | — | 20.4 | 16.2 | 22.3 | 15.5 |
| EV / free cash flow | 41.4 | 39.6 | 33.8 | 27.5 | — | 64.0 | 34.6 | 26.3 | 44.9 | 26.7 |
| Earnings yield | 2.1% | 2.5% | 2.4% | 3.6% | 0.9% | −2.3% | 2.7% | 3.5% | 4.2% | 1.8% |
| Free cash flow yield | 2.8% | 3.0% | 3.5% | 4.5% | 0.1% | 2.0% | 3.7% | 5.0% | 2.7% | 4.9% |
| Dividend yield | 0.2% | 0.2% | 0.3% | 0.4% | 0.3% | 0.1% | 0.5% | 0.8% | 0.7% | 1.5% |
| Shareholder yield (dividends + buybacks) | 5.0% | 5.0% | 5.2% | 4.9% | 0.4% | 1.1% | 5.3% | 8.7% | 4.2% | 1.6% |
| Share price at fiscal year-end | $287.25 | $247.16 | $182.09 | $126.36 | $155.99 | $111.26 | $110.91 | $71.80 | $79.86 | $55.81 |
| Per share | ||||||||||
| Revenue per share | $50.58 | $45.15 | $38.77 | $31.67 | $20.60 | $15.44 | $32.59 | $29.20 | $10.41 | $19.93 |
| Earnings per share | $6.12 | $6.20 | $4.32 | $4.53 | $1.46 | −$2.56 | $3.04 | $2.50 | $3.31 | $1.02 |
| Operating cash flow per share | $8.95 | $8.13 | $7.37 | $6.07 | $0.39 | $2.54 | $4.77 | $4.11 | $2.83 | $4.09 |
| Free cash flow per share | $8.17 | $7.33 | $6.44 | $5.70 | $0.11 | $2.21 | $4.07 | $3.59 | $2.19 | $2.72 |
| Cash per share | $3.86 | $5.26 | $3.03 | $4.36 | $5.08 | $11.53 | $1.86 | $1.32 | $1.74 | $3.22 |
| Book value per share | −$22.64 | −$15.06 | −$8.94 | −$3.98 | −$2.92 | −$5.34 | −$1.66 | $1.81 | $6.34 | $17.87 |
| Tangible book value per share | −$72.14 | −$61.34 | −$51.12 | −$43.40 | −$41.73 | −$44.47 | −$40.41 | −$35.30 | −$28.59 | −$19.08 |
| Dividends per share | $0.60 | $0.61 | $0.60 | $0.44 | $0.44 | $0.15 | $0.59 | $0.59 | $0.60 | $0.84 |
| Capex per share | $0.78 | $0.80 | $0.94 | $0.37 | $0.28 | $0.33 | $0.71 | $0.52 | $0.64 | $1.37 |
| Debt per share | $55.01 | $48.50 | $38.33 | $34.99 | $34.79 | $41.68 | $31.60 | $23.88 | $20.19 | $20.05 |
| Shares outstanding | 238.0M | 247.5M | 264.0M | 277.0M | 281.0M | 279.0M | 290.0M | 305.0M | 327.0M | 330.0M |
| Change in shares outstanding | −3.8% | −6.2% | −4.7% | −1.4% | +0.7% | −3.8% | −4.9% | −6.7% | −0.9% | +0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | — | — | — | — | 58.3% | 27.2% | 5.7% |
| Return on invested capital (ROIC) | 27.5% | 29.4% | 21.1% | 20.4% | 10.2% | −4.4% | 15.2% | 13.2% | 11.6% | 3.2% |
| Return on assets (ROA) | 8.8% | 9.6% | 7.4% | 8.1% | 2.5% | −4.5% | 6.1% | 5.4% | 5.4% | 1.3% |
| Return on tangible assets | 29.2% | 30.3% | 26.7% | 27.3% | 9.0% | −12.2% | 23.7% | 28.5% | 37.6% | 2.4% |
| Free cash flow margin | 16.1% | 16.2% | 16.6% | 18.0% | 0.5% | 14.3% | 12.5% | 12.3% | 21.0% | 13.6% |
| Income quality (OCF / net income) | 1.46 | 1.31 | 1.71 | 1.34 | 0.27 | — | 1.57 | 1.64 | 0.85 | 3.99 |
| Financial health | ||||||||||
| Total debt | $13.09B | $12.00B | $10.12B | $9.69B | $9.78B | $11.63B | $9.16B | $7.28B | $6.60B | $6.62B |
| Cash & short-term investments | $918.0M | $1.30B | $800.0M | $1.21B | $1.43B | $3.22B | $538.0M | $403.0M | $570.0M | $1.06B |
| Net debt | $12.18B | $10.70B | $9.32B | $8.48B | $8.35B | $8.41B | $8.62B | $6.88B | $6.03B | $5.55B |
| Debt / equity | — | — | — | — | — | — | — | 13.22 | 3.19 | 1.12 |
| Debt / assets | 0.78 | 0.73 | 0.66 | 0.62 | 0.63 | 0.69 | 0.61 | 0.52 | 0.46 | 0.25 |
| Net debt / EBITDA | 4.24 | 4.28 | 4.05 | 3.67 | 7.29 | — | 4.30 | 3.88 | 4.19 | 3.59 |
| Current ratio | 0.66 | 0.70 | 0.70 | 0.85 | 0.95 | 1.73 | 0.73 | 0.76 | 0.82 | 1.33 |
| Quick ratio | 0.66 | 0.70 | 0.65 | 0.80 | 0.89 | 1.68 | 0.65 | 0.67 | 0.73 | 1.12 |
| Interest coverage | 4.3 | 4.2 | 4.8 | 5.0 | 2.5 | -1.0 | 4.0 | 3.9 | 3.2 | 2.6 |
| Working capital | −$1.51B | −$1.43B | −$1.11B | −$502.0M | −$148.0M | $1.77B | −$778.0M | −$632.0M | −$455.0M | $873.0M |
| Invested capital | $6.79B | $6.97B | $6.96B | $7.38B | $7.53B | $6.92B | $8.14B | $7.43B | $8.10B | $11.45B |
| Tangible asset value | −$17.13B | −$15.14B | −$13.48B | −$12.02B | −$11.72B | −$12.40B | −$11.71B | −$10.76B | −$9.65B | −$6.35B |
| Net current asset value | −$19.12B | −$16.94B | −$15.13B | −$13.74B | −$13.39B | −$14.04B | −$13.34B | −$11.45B | −$10.53B | −$16.80B |
| Graham number | — | — | — | — | — | — | — | $10.09 | $21.74 | $20.29 |
| Graham net-net per share | −$83.76 | −$71.61 | −$59.58 | −$51.68 | −$49.63 | −$51.57 | −$47.70 | −$39.51 | −$33.89 | −$55.91 |
| Capital allocation | ||||||||||
| Dividends paid | $143.0M | $150.0M | $158.0M | $123.0M | $123.0M | $42.0M | $172.0M | $181.0M | $195.0M | $277.0M |
| Share buybacks (net) | $3.25B | $2.89B | $2.34B | $1.59B | $49.0M | $296.0M | $1.54B | $1.72B | $891.0M | $15.0M |
| Dividend payout ratio | 9.8% | 9.8% | 13.8% | 9.8% | 30.0% | — | 19.5% | 23.7% | 18.0% | 82.0% |
| Dividends + buybacks / free cash flow | 174.7% | 167.7% | 146.9% | 108.5% | 573.3% | 54.9% | 145.0% | 173.5% | 151.7% | 32.6% |
| Capex / revenue | 1.5% | 1.8% | 2.4% | 1.2% | 1.4% | 2.1% | 2.2% | 1.8% | 6.1% | 6.9% |
| Capex / operating cash flow | 8.7% | 9.8% | 12.7% | 6.1% | 72.5% | 13.0% | 14.8% | 12.7% | 22.5% | 33.6% |
| Capex / depreciation | 3.25 | 1.36 | 1.68 | 0.63 | 0.42 | 0.28 | 0.59 | 0.49 | 0.60 | 0.66 |
| Stock-based compensation / revenue | 1.4% | 1.6% | 1.7% | 1.8% | 3.3% | 2.3% | 1.6% | 1.4% | 2.2% | 1.0% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 3.3% | 3.7% | 4.0% | 4.4% | 7.0% | 7.2% | 4.7% | 5.0% | 13.2% | 6.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 49.6 | 50.1 | 50.2 | 49.8 | 58.0 | 86.1 | 46.6 | 44.9 | 97.0 | 51.9 |
| Days of inventory on hand | — | — | 9.7 | 10.7 | 12.8 | 16.5 | 12.0 | 12.4 | 22.3 | 36.7 |
| Days payables outstanding | 20.2 | 19.5 | 20.6 | 19.3 | 22.0 | 25.8 | 15.2 | 15.5 | 17.6 | 24.1 |
| Cash conversion cycle (days) | 29.4 | 30.7 | 39.3 | 41.2 | 48.8 | 76.8 | 43.4 | 41.8 | 101.6 | 64.5 |
| Receivables turnover | 7.36 | 7.28 | 7.27 | 7.33 | 6.29 | 4.24 | 7.84 | 8.13 | 3.76 | 7.03 |
| Payables turnover | 18.05 | 18.73 | 17.71 | 18.93 | 16.60 | 14.13 | 23.95 | 23.56 | 20.70 | 15.16 |
| Inventory turnover | — | — | 37.65 | 34.13 | 28.60 | 22.10 | 30.31 | 29.45 | 16.40 | 9.95 |
| Asset turnover | 0.72 | 0.70 | 0.66 | 0.57 | 0.36 | 0.27 | 0.65 | 0.63 | 0.17 | 0.25 |
| Average receivables | $1.64B | $1.53B | $1.41B | $1.20B | $919.5M | $1.02B | $1.21B | $1.10B | $904.5M | $935.0M |
| Average payables | $392.5M | $433.0M | $412.5M | $321.0M | $249.0M | $263.5M | $293.0M | $282.5M | $298.0M | $322.5M |
| Average inventory | — | — | $194.0M | $178.0M | $144.5M | $168.5M | $231.5M | $226.0M | $376.0M | $491.5M |
| Intangibles / total assets | 70.2% | 69.3% | 72.3% | 70.4% | 70.6% | 65.2% | 75.1% | 80.9% | 79.8% | 46.5% |
Computed from HLT's annual financial statements (latest annual report filed February 11, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HLT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Hilton traded at 46.9 times earnings, against a 10-year median of 39.9. Based on the latest twelve months, the trailing P/E is 50.6 and the forward P/E is 28.7. Hilton earned a return on invested capital of 27.5% in fiscal 2025. It ended the year with $13.1 billion of debt and $918.0 million in cash and short-term investments, net debt of $12.2 billion. It returned $3.4 billion to shareholders: $143.0 million in dividends and $3.3 billion in share buybacks, 175% of free cash flow. The share count fell 27.9% from 330.0M to 238.0M over 9 years.
See the HLT income statement, the HLT chart for price history, or the HLT stock overview for the latest quote and news.
HLT key metrics FAQ
What is Hilton's P/E ratio?
Hilton's trailing P/E ratio is 50.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 28.7. At the end of fiscal 2025 it was 46.9, compared with a 10-year median of 39.9.
What is Hilton's EV/EBITDA?
Hilton's enterprise value was 28.1 times EBITDA at the end of fiscal 2025 (enterprise value $80.5 billion, EBITDA $2.9 billion); the current EV/EBITDA is 26.6.
What is Hilton's ROIC?
Hilton's return on invested capital was 27.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Hilton have?
Hilton had total debt of $13.1 billion at the end of fiscal 2025 and $12.2 billion of net debt (4.24 times EBITDA).
What is Hilton's dividend yield?
Hilton's forward dividend yield is 0.17%. Hilton paid $143.0 million in dividends in fiscal 2025 ($0.60 per share), a payout ratio of 9.8%.
Does Hilton buy back its shares?
Yes. Hilton spent $3.3 billion on net share repurchases in fiscal 2025 Shares outstanding changed −3.8% over the year, to 238.0M..
What is Hilton's free cash flow yield?
Hilton generated $1.9 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.8% on its market value at year-end ($68.4 billion).
What is Hilton's current ratio?
Hilton's current ratio was 0.66 at the end of fiscal 2025: current assets were 0.66 times current liabilities.