Recent News
On October 23, 2025 the company reported third-quarter results including $421 million net income and diluted EPS of $1.78, plus continued unit-growth and an expanded development pipeline. On October 8, 2025 Hilton marked its 9,000th hotel opening as global expansion accelerated. On November 20, 2025 Hilton announced signings intended to double the Signia brand’s footprint within three years.
Technical Analysis
ADX at 15.61 signals no established trend in price strength, reducing conviction for a sustained directional move over the near term.
Directional indicators present a bearish bias: DI+ at 24.46 shows a peak-and-reversal (bearish) while DI- at 20.06 shows a dip-and-reversal (bearish), aligning both lines toward downside pressure.
MACD stands at 1.17 above its signal line at 0.93, which constitutes a bullish MACD cross; however, the MACD has registered a peak-and-reversal, indicating momentum may already be weakening despite the cross.
MRO at 25.47 sits positive, indicating price currently sits above WMDST’s target and therefore faces potential downward pressure; the MRO has itself shown a peak-and-reversal.
RSI near 50.78 after a peak-and-reversal signals waning upside momentum rather than fresh strength.
Price behavior clusters tightly around short-term averages: the close at $267.01 sits essentially at the 20-day average ($267.23) and below the 12-day EMA ($267.98) which has peaked and reversed, while the 200-day average ($255.13) remains well below price, preserving longer-term support. Bollinger bands span $260.57–$273.90, keeping price inside a relatively narrow range.
Volume runs below 10/50/200-day averages, pointing to lower participation and weaker conviction behind recent moves.
Fundamental Analysis
Profitability: EBIT equals $763,000,000 and EBITDA equals $809,000,000, with an EBIT margin of 24.46% that sits slightly below the industry peer mean of 25.15% while improving 11.11% year-over-year and down 1.65% quarter-over-quarter. Operating margin at 24.90% rose 13.15% YoY, reinforcing margin resilience amid softer top-line trends.
Revenue and earnings: Reported total revenue reached $3,120,000,000. YoY revenue change registers at -80.96% while the most recent overall revenue growth figure reads -0.54%; diluted EPS came in at $1.78 versus an estimate of $1.88, an EPS surprise of -5.32%.
Cash flow and liquidity: Operating cash flow reached $816,000,000 with free cash flow of $766,000,000 and a free-cash-flow yield of 1.24%, marginally below the industry peer mean of 1.33%. Cash and short-term investments total $1,057,000,000; cash conversion shows pressure with a cash conversion ratio of -1.98 and cash conversion cycle of 48.67 days.
Capital structure: Total debt stands at $12,351,000,000 and net debt at $10,581,000,000. Debt-to-EBITDA at 15.27 signals elevated leverage versus typical hotel-sector norms. Current ratio at 0.66 sits below the industry peer mean of 1.043, indicating constrained near-term liquidity when measured by current assets versus liabilities.
Returns and book: Return on equity registers -8.52% while return on assets sits at 2.58%. Book value per share reads negative, and price-to-book shows -12.49, reflecting negative equity on the balance sheet. P/E at 125.30 stands above the industry peer mean of 74.33; price-to-sales at 19.75 sits above the industry peer mean of 14.63.
Valuation: The current valuation as determined by WMDST rates the stock as fair-valued, balancing strong cash generation and margin expansion against elevated leverage, negative book value, a high P/E multiple, and muted top-line growth.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-22 |
| NEXT REPORT DATE: | 2026-01-21 |
| CASH FLOW | Begin Period Cash Flow | $ 448.0 M |
| Operating Cash Flow | $ 816.0 M | |
| Capital Expenditures | $ -50.00 M | |
| Change In Working Capital | $ 264.0 M | |
| Dividends Paid | $ -35.00 M | |
| Cash Flow Delta | $ 678.0 M | |
| End Period Cash Flow | $ 1.1 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 3.1 B | |
| Forward Revenue | $ 864.5 M | |
| COSTS | ||
| Cost Of Revenue | $ 2.2 B | |
| Depreciation | $ 46.0 M | |
| Depreciation and Amortization | $ 46.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.3 B | |
| PROFITABILITY | ||
| Gross Profit | $ 941.0 M | |
| EBITDA | $ 809.0 M | |
| EBIT | $ 763.0 M | |
| Operating Income | $ 777.0 M | |
| Interest Income | — | |
| Interest Expense | $ 159.0 M | |
| Net Interest Income | $ -159.00 M | |
| Income Before Tax | $ 604.0 M | |
| Tax Provision | $ 183.0 M | |
| Tax Rate | 30.298 % | |
| Net Income | $ 420.0 M | |
| Net Income From Continuing Operations | $ 421.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.88 | |
| EPS Actual | $ 1.78 | |
| EPS Difference | $ -0.10 | |
| EPS Surprise | -5.319 % | |
| Forward EPS | $ 2.00 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 16.6 B | |
| Intangible Assets | $ 11.7 B | |
| Net Tangible Assets | $ -16.62 B | |
| Total Current Assets | $ 3.1 B | |
| Cash and Short-Term Investments | $ 1.1 B | |
| Cash | $ 1.1 B | |
| Net Receivables | $ 1.7 B | |
| Inventory | — | |
| Long-Term Investments | $ 508.0 M | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | $ 35.0 M | |
| Total Current Liabilities | $ 4.7 B | |
| Net Debt | $ 10.6 B | |
| Total Debt | $ 12.4 B | |
| Total Liabilities | $ 21.5 B | |
| EQUITY | ||
| Total Equity | $ -4.93 B | |
| Retained Earnings | $ -1.77 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ -21.16 | |
| Shares Outstanding | 233.054 M | |
| Revenue Per-Share | $ 13.39 | |
| VALUATION | Market Capitalization | $ 61.6 B |
| Enterprise Value | $ 72.9 B | |
| Enterprise Multiple | 90.123 | |
| Enterprise Multiple QoQ | 0.667 % | |
| Enterprise Multiple YoY | 10.89 % | |
| Enterprise Multiple IPRWA | high: 189.281 HLT: 90.123 mean: 62.587 median: 55.927 low: 3.484 |
|
| EV/R | 23.369 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | -3.374 | |
| Asset To Liability | 0.773 | |
| Debt To Capital | 1.665 | |
| Debt To Assets | 0.742 | |
| Debt To Assets QoQ | 0.949 % | |
| Debt To Assets YoY | 1051.233 % | |
| Debt To Assets IPRWA | high: 1.606 HLT: 0.742 median: 0.585 mean: 0.577 low: 0.019 |
|
| Debt To Equity | -2.504 | |
| Debt To Equity QoQ | -1.697 % | |
| Debt To Equity YoY | 707.591 % | |
| Debt To Equity IPRWA | high: 13.542 median: 0.639 mean: 0.576 HLT: -2.504 low: -12.738 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | -12.493 | |
| Price To Book QoQ | -8.042 % | |
| Price To Book YoY | -20.884 % | |
| Price To Book IPRWA | high: 33.181 median: 9.008 mean: 3.749 HLT: -12.493 low: -22.92 |
|
| Price To Earnings (P/E) | 125.301 | |
| Price To Earnings QoQ | 7.642 % | |
| Price To Earnings YoY | 7.398 % | |
| Price To Earnings IPRWA | high: 357.224 HLT: 125.301 mean: 74.331 median: 60.769 low: -85.409 |
|
| PE/G Ratio | -30.628 | |
| Price To Sales (P/S) | 19.749 | |
| Price To Sales QoQ | -0.652 % | |
| Price To Sales YoY | 3.331 % | |
| Price To Sales IPRWA | high: 20.381 HLT: 19.749 median: 17.023 mean: 14.633 low: 0.325 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 133.441 | |
| Forward PE/G | -32.618 | |
| Forward P/S | 71.27 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4.022 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.192 | |
| Asset Turnover Ratio QoQ | -2.373 % | |
| Asset Turnover Ratio YoY | 8.426 % | |
| Asset Turnover Ratio IPRWA | high: 0.723 mean: 0.209 median: 0.2 HLT: 0.192 low: 0.088 |
|
| Receivables Turnover | 1.875 | |
| Receivables Turnover Ratio QoQ | -2.843 % | |
| Receivables Turnover Ratio YoY | 3.822 % | |
| Receivables Turnover Ratio IPRWA | high: 44.676 mean: 14.921 median: 7.658 HLT: 1.875 low: 1.042 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 48.667 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 48.667 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 77.037 HLT: 48.667 median: -7.942 mean: -8.926 low: -73.834 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -1.976 | |
| CapEx To Revenue | -0.016 | |
| CapEx To Depreciation | -1.087 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 6.7 B | |
| Net Invested Capital | $ 6.7 B | |
| Invested Capital | $ 6.7 B | |
| Net Tangible Assets | $ -16.62 B | |
| Net Working Capital | $ -1.58 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.225 | |
| Current Ratio | 0.664 | |
| Current Ratio QoQ | 23.287 % | |
| Current Ratio YoY | -16.552 % | |
| Current Ratio IPRWA | high: 3.125 mean: 1.043 median: 0.848 HLT: 0.664 low: 0.031 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 15.267 | |
| Cost Of Debt | 0.922 % | |
| Interest Coverage Ratio | 4.799 | |
| Interest Coverage Ratio QoQ | -7.101 % | |
| Interest Coverage Ratio YoY | 6.47 % | |
| Interest Coverage Ratio IPRWA | high: 42.958 mean: 13.873 median: 8.562 HLT: 4.799 low: -2.484 |
|
| Operating Cash Flow Ratio | 0.104 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 12.0 | |
| Dividend Payout Ratio | 0.083 | |
| Dividend Rate | $ 0.15 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.634 % | |
| Revenue Growth | -0.542 % | |
| Revenue Growth QoQ | -103.305 % | |
| Revenue Growth YoY | -80.956 % | |
| Revenue Growth IPRWA | high: 26.865 % mean: 1.764 % HLT: -0.542 % median: -1.408 % low: -13.106 % |
|
| Earnings Growth | -4.091 % | |
| Earnings Growth QoQ | -105.188 % | |
| Earnings Growth YoY | -880.725 % | |
| Earnings Growth IPRWA | high: 114.563 % mean: 16.396 % median: 9.722 % HLT: -4.091 % low: -160.0 % |
|
| MARGINS | ||
| Gross Margin | 30.16 % | |
| Gross Margin QoQ | -1.034 % | |
| Gross Margin YoY | 9.593 % | |
| Gross Margin IPRWA | high: 86.593 % median: 41.646 % mean: 41.621 % HLT: 30.16 % low: 12.516 % |
|
| EBIT Margin | 24.455 % | |
| EBIT Margin QoQ | -1.649 % | |
| EBIT Margin YoY | 11.114 % | |
| EBIT Margin IPRWA | high: 52.4 % median: 32.021 % mean: 25.15 % HLT: 24.455 % low: -12.025 % |
|
| Return On Sales (ROS) | 24.904 % | |
| Return On Sales QoQ | 0.415 % | |
| Return On Sales YoY | 13.154 % | |
| Return On Sales IPRWA | high: 47.382 % median: 29.421 % HLT: 24.904 % mean: 24.327 % low: -12.386 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 766.0 M | |
| Free Cash Flow Yield | 1.243 % | |
| Free Cash Flow Yield QoQ | 26.065 % | |
| Free Cash Flow Yield YoY | 10.391 % | |
| Free Cash Flow Yield IPRWA | high: 6.214 % mean: 1.332 % median: 1.26 % HLT: 1.243 % low: -4.598 % |
|
| Free Cash Growth | 24.553 % | |
| Free Cash Growth QoQ | -50.168 % | |
| Free Cash Growth YoY | -59.813 % | |
| Free Cash Growth IPRWA | high: 271.747 % HLT: 24.553 % mean: 7.124 % median: 1.36 % low: -516.758 % |
|
| Free Cash To Net Income | 1.824 | |
| Cash Flow Margin | 15.705 % | |
| Cash Flow To Earnings | 1.167 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.581 % | |
| Return On Assets QoQ | -6.316 % | |
| Return On Assets YoY | 21.631 % | |
| Return On Assets IPRWA | high: 8.233 % mean: 3.284 % median: 2.639 % HLT: 2.581 % low: -5.746 % |
|
| Return On Capital Employed (ROCE) | 6.389 % | |
| Return On Equity (ROE) | -0.085 | |
| Return On Equity QoQ | -11.162 % | |
| Return On Equity YoY | -14.101 % | |
| Return On Equity IPRWA | high: 0.405 median: 0.119 mean: 0.046 HLT: -0.085 low: -0.233 |
|
| DuPont ROE | -8.822 % | |
| Return On Invested Capital (ROIC) | 7.931 % | |
| Return On Invested Capital QoQ | -8.057 % | |
| Return On Invested Capital YoY | -109.042 % | |
| Return On Invested Capital IPRWA | high: 14.004 % mean: 8.614 % median: 8.375 % HLT: 7.931 % low: -12.548 % |
|