Hilltop Holdings Inc. (HTH) Key Metrics
HTH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.11B
- Enterprise value
- $3.54B
- P/E (TTM)
- 13.6 10-yr median 15.2
- Forward P/E
- 13.5
- PEG ratio
- 0.61
- Price / sales
- 1.7 10-yr median 1.5
- Price / book
- 1.0 10-yr median 1.1
- EV / EBITDA
- — 10-yr median 10.2
- Dividend yield
- 2.17% $0.80 a year
- Beta
- 0.89
HTH key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsHTH valuation Price multiples at each fiscal year-end price.
HTH returns How much profit the business earns on the capital it uses.
HTH per-share figures Results divided by the shares outstanding at year-end.
HTH financial health Debt, liquidity and how easily interest is covered.
HTH efficiency & capital use Working capital cycle and where the cash goes.
HTH valuation history
HTH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HTH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HTH cash returned to shareholders
HTH price vs earnings per share
HTH key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.13B | $1.86B | $2.29B | $2.12B | $2.85B | $2.46B | $2.30B | $1.70B | $2.47B | $2.94B |
| Enterprise value | −$137.5M | −$485.2M | $315.0M | $377.7M | −$626.4M | $1.28B | $2.86B | $1.62B | $2.95B | $3.63B |
| P/E ratio | 12.9 | 16.4 | 20.9 | 18.7 | 7.6 | 5.5 | 10.2 | 14.0 | 18.6 | 20.1 |
| Price / sales | 1.3 | 1.2 | 1.5 | 1.6 | 1.5 | 1.1 | 1.4 | 1.2 | 1.5 | 1.8 |
| Price / book | 1.0 | 0.9 | 1.1 | 1.0 | 1.1 | 1.1 | 1.1 | 0.9 | 1.3 | 1.6 |
| Price / free cash flow | — | 7.0 | 5.3 | 1.8 | 3.9 | 10.1 | — | 5.3 | — | — |
| Price / operating cash flow | — | 6.8 | 5.2 | 1.8 | 3.7 | 8.8 | — | 4.4 | — | — |
| EV / sales | -0.1 | -0.3 | 0.2 | 0.3 | -0.3 | 0.6 | 1.8 | 1.2 | 1.8 | 2.2 |
| EV / EBITDA | — | — | 1.9 | 2.0 | — | 2.2 | 10.2 | 10.8 | 12.9 | 20.0 |
| EV / free cash flow | — | — | 0.7 | 0.3 | — | 5.3 | — | 5.0 | — | — |
| Earnings yield | 7.8% | 6.1% | 4.8% | 5.3% | 13.1% | 18.2% | 9.8% | 7.2% | 5.4% | 5.0% |
| Free cash flow yield | −4.5% | 14.3% | 19.0% | 55.7% | 26.0% | 9.9% | −20.6% | 19.0% | −14.3% | −6.9% |
| Dividend yield | 2.1% | 2.4% | 1.8% | 2.0% | 1.4% | 1.3% | 1.3% | 1.6% | 0.9% | 0.2% |
| Shareholder yield (dividends + buybacks) | 10.8% | 3.4% | 2.0% | 22.9% | 5.7% | 9.8% | 4.5% | 5.1% | 2.0% | 0.3% |
| Share price at fiscal year-end | $33.94 | $28.63 | $35.21 | $30.01 | $35.14 | $27.51 | $24.93 | $17.83 | $25.33 | $29.80 |
| Per share | ||||||||||
| Revenue per share | $25.92 | $23.69 | $23.12 | $19.16 | $22.84 | $24.17 | $17.44 | $14.64 | $16.71 | $16.77 |
| Earnings per share | $2.64 | $1.74 | $1.69 | $1.60 | $4.61 | $5.01 | $2.44 | $1.28 | $1.36 | $1.48 |
| Operating cash flow per share | −$1.25 | $4.21 | $6.81 | $16.84 | $9.43 | $3.14 | −$4.69 | $4.10 | −$3.29 | −$1.63 |
| Free cash flow per share | −$1.52 | $4.10 | $6.68 | $16.70 | $9.13 | $2.72 | −$5.14 | $3.38 | −$3.61 | −$2.06 |
| Cash per share | $50.91 | $56.81 | $51.75 | $45.85 | $61.03 | $28.27 | $14.56 | $15.99 | $12.65 | $12.85 |
| Book value per share | $34.58 | $33.67 | $32.64 | $28.96 | $31.08 | $26.02 | $22.76 | $20.51 | $19.64 | $18.97 |
| Tangible book value per share | $30.22 | $29.37 | $26.91 | $23.59 | $26.52 | $21.19 | $18.98 | $17.04 | $16.68 | $15.96 |
| Dividends per share | $0.72 | $0.68 | $0.64 | $0.61 | $0.48 | $0.36 | $0.32 | $0.28 | $0.24 | $0.06 |
| Capex per share | $0.27 | $0.11 | $0.13 | $0.14 | $0.30 | $0.42 | $0.46 | $0.71 | $0.32 | $0.43 |
| Debt per share | $14.78 | $20.72 | $21.39 | $21.19 | $18.17 | $15.12 | $20.60 | $15.18 | $17.62 | $19.83 |
| Shares outstanding | 62.7M | 65.0M | 65.0M | 70.6M | 81.2M | 89.3M | 92.4M | 95.1M | 97.4M | 98.6M |
| Change in shares outstanding | −3.6% | +0.0% | −7.9% | −13.0% | −9.1% | −3.3% | −2.8% | −2.3% | −1.3% | −1.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.6% | 5.2% | 5.3% | 5.0% | 15.5% | 20.2% | 11.1% | 6.3% | 7.0% | 8.1% |
| Return on invested capital (ROIC) | — | — | 52.3% | — | — | 22.6% | 9.7% | 5.7% | 5.4% | 6.8% |
| Return on assets (ROA) | 1.0% | 0.7% | 0.7% | 0.6% | 2.1% | 2.8% | 1.6% | 0.9% | 1.0% | 1.2% |
| Return on tangible assets | 1.1% | 0.7% | 0.7% | 0.7% | 2.0% | 2.7% | 1.5% | 0.9% | 1.0% | 1.2% |
| Free cash flow margin | −5.9% | 17.3% | 28.9% | 87.2% | 40.0% | 11.2% | −29.5% | 23.1% | −21.6% | −12.3% |
| Income quality (OCF / net income) | −0.47 | 2.42 | 4.04 | 10.51 | 2.04 | 0.63 | −1.92 | 3.21 | −2.42 | −1.10 |
| Financial health | ||||||||||
| Total debt | $926.8M | $1.35B | $1.39B | $1.50B | $1.47B | $1.35B | $1.90B | $1.44B | $1.72B | $1.96B |
| Cash & short-term investments | $3.19B | $3.70B | $3.37B | $3.24B | $4.95B | $2.52B | $1.35B | $1.52B | $1.23B | $1.27B |
| Net debt | −$2.27B | −$2.35B | −$1.98B | −$1.74B | −$3.48B | −$1.17B | $558.1M | −$76.4M | $483.8M | $688.7M |
| Debt / equity | 0.43 | 0.62 | 0.66 | 0.73 | 0.58 | 0.58 | 0.90 | 0.74 | 0.90 | 1.05 |
| Debt / assets | 0.06 | 0.08 | 0.08 | 0.09 | 0.08 | 0.08 | 0.13 | 0.11 | 0.13 | 0.15 |
| Net debt / EBITDA | −9.57 | −13.48 | −11.71 | −9.23 | −6.58 | −2.00 | 1.98 | −0.51 | 2.11 | 3.79 |
| Current ratio | 0.24 | 0.39 | 0.37 | 0.32 | 0.43 | 0.29 | 0.26 | 0.27 | 0.25 | 0.28 |
| Quick ratio | 0.24 | 0.39 | 0.79 | 0.67 | 0.79 | 0.56 | 0.51 | 0.55 | 0.54 | 0.56 |
| Interest coverage | 0.6 | 0.4 | 0.4 | 1.2 | 4.7 | 4.6 | 1.6 | 1.1 | 2.8 | 4.0 |
| Working capital | −$3.83B | −$8.14B | −$8.49B | −$9.03B | −$8.67B | −$9.49B | −$9.06B | −$8.07B | −$8.00B | −$7.24B |
| Invested capital | −$97.5M | −$157.5M | $147.7M | $303.7M | −$956.1M | $1.15B | $2.66B | $1.87B | $2.40B | $2.56B |
| Tangible asset value | $1.92B | $1.94B | $1.78B | $1.69B | $2.18B | $1.92B | $1.78B | $1.64B | $1.63B | $1.58B |
| Net current asset value | −$12.42B | −$8.90B | −$9.38B | −$9.92B | −$9.51B | −$10.66B | −$9.92B | −$8.75B | −$8.74B | −$8.10B |
| Graham number | $45.33 | $36.31 | $35.18 | $32.31 | $56.80 | $54.19 | $35.34 | $24.28 | $24.53 | $25.12 |
| Graham net-net per share | −$166.72 | −$142.44 | −$193.75 | −$176.69 | −$156.15 | −$143.24 | −$129.21 | −$111.91 | −$109.74 | −$100.06 |
| Capital allocation | ||||||||||
| Dividends paid | $45.4M | $44.3M | $41.6M | $43.0M | $39.0M | $32.5M | $29.6M | $26.7M | $23.1M | $5.8M |
| Share buybacks (net) | $184.0M | $19.9M | $5.1M | $442.3M | $123.6M | $208.7M | $73.4M | $59.0M | $27.4M | $2.4M |
| Dividend payout ratio | 27.4% | 39.1% | 37.9% | 38.0% | 10.4% | 7.3% | 13.2% | 22.0% | 17.5% | 4.0% |
| Dividends + buybacks / free cash flow | — | 24.0% | 10.7% | 41.1% | 21.9% | 99.4% | — | 26.7% | — | — |
| Capex / revenue | 1.0% | 0.5% | 0.6% | 0.7% | 1.3% | 1.7% | 2.6% | 4.9% | 1.9% | 2.5% |
| Capex / operating cash flow | — | 2.6% | 1.9% | 0.8% | 3.2% | 13.5% | — | 17.4% | — | — |
| Capex / depreciation | 1.07 | 0.36 | 0.43 | 0.30 | 1.00 | 1.72 | 36.45 | — | — | — |
| Stock-based compensation / revenue | — | — | 1.0% | 1.2% | −47.7% | −43.4% | −30.8% | 0.7% | 0.7% | 0.6% |
| SG&A / revenue | 50.0% | 44.6% | 45.9% | 58.1% | 55.0% | 49.6% | 58.2% | 62.1% | 63.6% | 63.1% |
| Efficiency | ||||||||||
| Days sales outstanding | — | 358.4 | 317.0 | 365.7 | 303.0 | 269.2 | 364.7 | 380.8 | 332.4 | 315.6 |
| Days of inventory on hand | — | — | -4,804.5 | -13,106.6 | -33,827.0 | -5,581.6 | -6,321.3 | -7,688.5 | -10,803.2 | -4,960.0 |
| Days payables outstanding | 1,483.5 | 1,201.8 | 1,122.0 | 3,175.4 | 10,646.9 | 2,480.3 | 2,958.4 | 3,219.0 | 4,823.8 | 4,948.3 |
| Cash conversion cycle (days) | — | -843.4 | -5,609.5 | -15,916.3 | -44,170.9 | -7,792.7 | -8,915.0 | -10,526.7 | -15,294.6 | -9,592.6 |
| Receivables turnover | — | 1.02 | 1.15 | 1.00 | 1.20 | 1.36 | 1.00 | 0.96 | 1.10 | 1.16 |
| Payables turnover | 0.25 | 0.30 | 0.33 | 0.11 | 0.03 | 0.15 | 0.12 | 0.11 | 0.08 | 0.07 |
| Asset turnover | 0.10 | 0.09 | 0.09 | 0.08 | 0.10 | 0.13 | 0.11 | 0.10 | 0.12 | 0.13 |
| Average receivables | — | $1.51B | $1.31B | $1.36B | $1.54B | $1.59B | $1.61B | $1.45B | $1.48B | $1.43B |
| Average payables | $1.43B | $1.38B | $1.20B | $1.22B | $1.42B | $1.49B | $1.45B | $1.29B | $1.32B | $1.34B |
| Average inventory | — | — | −$5.13B | −$5.04B | −$4.52B | −$3.35B | −$3.10B | −$3.08B | −$2.95B | −$1.35B |
| Intangibles / total assets | 1.7% | 1.7% | 2.3% | 2.3% | 2.0% | 2.5% | 2.3% | 2.4% | 2.2% | 2.3% |
Computed from HTH's annual financial statements (latest annual report filed February 13, 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.
HTH valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Hilltop traded at 12.9 times earnings, against a 10-year median of 15.2. Based on the latest twelve months, the trailing P/E is 13.6 and the forward P/E is 13.5. Hilltop earned a return on equity of 7.6% in fiscal 2025. It ended the year with $926.8 million of debt and $3.2 billion in cash and short-term investments, a net cash position of $2.3 billion. It returned $229.4 million to shareholders: $45.4 million in dividends and $184.0 million in share buybacks. The share count fell 36.4% from 98.6M to 62.7M over 9 years.
See the HTH income statement, the HTH chart for price history, or the HTH stock overview for the latest quote and news.
HTH key metrics FAQ
What is Hilltop's P/E ratio?
Hilltop's trailing P/E ratio is 13.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 13.5. At the end of fiscal 2025 it was 12.9, compared with a 10-year median of 15.2.
What is Hilltop's return on equity?
Hilltop's return on equity (ROE) was 7.6% in fiscal 2025: net income of $165.6 million on average shareholders' equity of $2.2 billion.
How much debt does Hilltop have?
Hilltop had total debt of $926.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.43 and more cash than debt.
What is Hilltop's dividend yield?
Hilltop's forward dividend yield is 2.17%. Hilltop paid $45.4 million in dividends in fiscal 2025 ($0.72 per share), a payout ratio of 27.4%.
Does Hilltop buy back its shares?
Yes. Hilltop spent $184.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.6% over the year, to 62.7M..
What is Hilltop's free cash flow yield?
Hilltop generated -$95.1 million of free cash flow in fiscal 2025, a free cash flow yield of −4.5% on its market value at year-end ($2.1 billion).
What is Hilltop's current ratio?
Hilltop's current ratio was 0.24 at the end of fiscal 2025: current assets were 0.24 times current liabilities.