HLT
Hilton Worldwide Holdings Inc.
HLT's fundamentals are strong, but it looks expensive: trading at 50x earnings, above its usual 43x. Analysts expect earnings growth.
HLT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Under pressure |
HLT's profitability is currently healthy, and its revenue and cash flow are stable, but its balance sheet is under pressure.
HLT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 32x | $239 | -36% |
| Forward | 37x | $373 | — |
| Fair | 42x | $314 | -16% |
| Current | 50x | $373 | — |
| Expensive | 53x | $394 | +5.7% |
Historical ranges are pointers, not guarantees.
HLT's PE is in its expensive range at 50x. If earnings grow as analysts expect, today's price would be 37x next year's earnings, in its fair range.
HLT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for HLT, with profitability improving.
HLT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.05 | +36% |
| Q3 2026 | $7.40 | +7.2% |
| Q2 2026 | $6.81 | +4.8% |
| Q1 2026 | $6.55 | +3.5% |
| Q4 2025 | $6.12 | -0.3% |
| Q3 2025 | $6.90 | +48% |
| Q2 2025 | $6.50 | +38% |
| Q1 2025 | $6.33 | +38% |
| Q4 2024 | $6.14 | +42% |
HLT earned $7.40 per share over the past year, up 7.2% from the year before.
HLT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.3B | +6.6% |
| Q2 2026 | $3.3B | +6.5% |
| Q1 2026 | $2.9B | +9% |
| Q4 2025 | $3.1B | +11% |
| Q3 2025 | $3.1B | +8.8% |
| Q2 2025 | $3.1B | +6.3% |
| Q1 2025 | $2.7B | +4.7% |
| Q4 2024 | $2.8B | +6.7% |
HLT's revenue has grown year over year for 22 quarters in a row: $3.3B last quarter, up 6.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +2.4 points |
| Q2 2026 | 26% | +0.9 points |
| Q1 2026 | 23% | +3.2 points |
| Q4 2025 | 20% | +1.9 points |
| Q3 2025 | 25% | +3.2 points |
| Q2 2025 | 25% | +0.2 points |
| Q1 2025 | 20% | -0.8 points |
| Q4 2024 | 18% | +2.2 points |
HLT's operating margin was 27% last quarter, up 2.4 points from the same quarter a year ago, near the top of its range since 2019.
HLT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $689M | -12% |
| Q2 2026 | $460M | -28% |
| Q1 2026 | $609M | +41% |
| Q4 2025 | $173M | -68% |
| Q3 2025 | $787M | +22% |
| Q2 2025 | $635M | +56% |
| Q1 2025 | $433M | +31% |
| Q4 2024 | $534M | +26% |
HLT generated $1.9B in free cash flow over the past year, down 19% from the year before.
HLT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.3% | -3M shares |
| 1 year | -4.6% | -11M shares |
| 3 years | -14% | -36M shares |
| 5 years | -20% | -55M shares |
| Available history | -22% | -64M shares |
HLT has 226M diluted shares, down 4.6% from a year ago, with $3.4B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $846M |
| Q2 2026 | $966M |
| Q1 2026 | $821M |
| Q4 2025 | $779M |
| Q3 2025 | $759M |
| Q2 2025 | $769M |
| Q1 2025 | $875M |
| Q4 2024 | $766M |
HLT spent $3.4B buying back its own shares over the past year, up 7.7% from the year before.
HLT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.9x | Elevated |
| Q2 2026 | 4.0x | Elevated |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 4.0x | Elevated |
| Q3 2025 | 3.9x | Elevated |
| Q2 2025 | 4.1x | High |
| Q1 2025 | 4.1x | High |
| Q4 2024 | 3.9x | Elevated |
HLT's net debt is about 3.9 years of its operating earnings (EBITDA), about the same as a year ago.
HLT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 72.6 | Overbought |
| Stochastic | 88.1 | Overbought |
HLT's weekly RSI is 73 (overbought) and its Stochastic is 88 (overbought).
HLT PE vs Consumer Cyclical Sector
| Metric | HLT | Sector median | Relative |
|---|---|---|---|
| PE | 50x | 18x | 180% above |
| PE % | 76 | 47 | 29 pts above |
HLT is trading at 50x earnings, a 180% premium to the Consumer Cyclical sector's median of 18x.
HLT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $344.3 | 8.2% above |
| 20 week MA | $330.6 | 13% above |
| 50 week MA | $319.0 | 17% above |
| 100 week MA | $287.0 | 30% above |
| 200 week MA | $234.9 | 59% above |
HLT is in an uptrend: it's above all five of its weekly moving averages, and 59% above its 200-week average.
HLT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $112.4 | $106.9 | -4.9% |
| 2021 | $106.9 | $154.7 | +45% |
| 2022 | $154.7 | $126.4 | -18% |
| 2023 | $126.4 | $182.1 | +44% |
| 2024 | $182.1 | $249.9 | +37% |
| 2025 | $249.9 | $293.5 | +17% |
| 2026 YTD | $293.5 | $372.7 | +27% |
HLT has finished higher in four of the last six years. It's up 27% so far in 2026.