Recent News
In January 2026 Hilton introduced “Apartment Collection” by Hilton, expanding its collection-brand lodging options for furnished-apartment stays.
On February 11, 2026 Hilton announced philanthropic commitments through the Hilton Global Foundation totaling $5.4 million to support 18 organizations.
Early February reporting noted a new Women in Leadership programme in Saudi Arabia, branded Raeidat, targeting talent development for hotels in the Kingdom.
Technical Analysis
Directional indicators show a strong trend strength with ADX at 28.02; directional bias points downward as DI- increases to 27.52 while DI+ falls to 15.67, pressuring near-term price bias toward the downside.
MACD sits negative at -1.44 and trends lower with the signal at 1.04; the negative, declining MACD indicates bearish momentum and no bullish crossover signal exists.
MRO registers 11.1 with a peak-and-reversal pattern; the positive, peaking MRO implies price currently sits above the model target and faces downward potential.
RSI at 52.97 and decreasing signals fading short-term internals; the indicator no longer supports fresh upside momentum and aligns with other weakening short-term readings.
Price sits below short-term averages (20-day $305.87; 50-day $303.94; 12-day EMA $303.07) while remaining above the 200-day average ($276.93), indicating shorter-term weakness within a longer-term uptrend.
Price trades near the lower Bollinger band region (between the -1× and -2× bands), suggesting short-term proximity to lower volatility boundaries rather than broad collapse.
Ichimoku levels place price below both Tenkan ( $304.56 ) and Kijun ( $311.69 ), reinforcing short-term resistance overhead and a bearish immediate outlook.
Volume at 4,069 remains well below short- and long-term averages, indicating limited participation during recent moves and higher risk of outsized reactions to new flows.
Fundamental Analysis
Revenue totaled $3,087,000,000. Revenue growth shows a pronounced intra-period swing: QoQ revenue rose +95.20% while revenue growth YoY declined -63.89%, reflecting a volatile revenue base versus the prior year.
EBIT reached $594,000,000 and EBITDA $641,000,000. EBIT margin equals 19.24%, above the industry peer mean of 12.58% and above the industry peer median of 10.50%, supporting a relatively stronger operating profitability profile versus peers.
Operating margin measured 19.50%, up +10.08 percentage points YoY and down -21.70 percentage points QoQ, indicating recent quarter compression after year-over-year improvement.
Net income stood at $297,000,000; EPS came in at $2.08 versus an estimate of $2.02, an EPS surprise of +2.97% that modestly exceeded consensus.
Cash generation shows operating cash flow $203,000,000 and free cash flow $151,000,000; free cash flow yield equals 0.23%, below the industry peer mean of ~1.03%, limiting distributable capacity relative to peers despite active capital returns.
Balance-sheet structure shows total debt $13,093,000,000 with net debt $11,445,000,000 and debt-to-assets at 78.06%, above the industry peer mean of 63.16%, reflecting higher leverage intensity. Debt-to-EBITDA registers ~20.43×, indicating material leverage relative to current cash generation.
Book value per share equals $-23.38 and total equity equals $-5,388,000,000; price-to-book remains negative at -12.45, a function of negative equity rather than a conventional valuation multiple.
Interest coverage stands at 3.6×, below the industry peer mean of ~5.63×, but positive and covering interest expenses. Dividend payout ratio sits near 11.79% with a dividend yield of 0.05% and dividend coverage of 8.49×, reflecting modest shareholder distribution capacity relative to earnings.
Other operating indicators: asset turnover 0.1848 (below the industry peer mean of 0.2427), cash conversion cycle ~49.39 days, and return on equity -5.51% versus the industry peer mean near 0.32%.
Valuation summary: WMDST values the stock as under-valued, with operating margins and recent EPS upside supporting the valuation, while leverage and low free-cash-flow yield represent key vulnerabilities to monitor.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-02-11 |
| NEXT REPORT DATE: | 2026-05-13 |
| CASH FLOW | Begin Period Cash Flow | $ 1.1 B |
| Operating Cash Flow | $ 203.0 M | |
| Capital Expenditures | $ -52.00 M | |
| Change In Working Capital | $ 4.0 M | |
| Dividends Paid | $ -35.00 M | |
| Cash Flow Delta | $ -156.00 M | |
| End Period Cash Flow | $ 970.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 3.1 B | |
| Forward Revenue | $ 1.6 B | |
| COSTS | ||
| Cost Of Revenue | $ 2.3 B | |
| Depreciation | $ 47.0 M | |
| Depreciation and Amortization | $ 47.0 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 2.5 B | |
| PROFITABILITY | ||
| Gross Profit | $ 801.0 M | |
| EBITDA | $ 641.0 M | |
| EBIT | $ 594.0 M | |
| Operating Income | $ 602.0 M | |
| Interest Income | — | |
| Interest Expense | $ 165.0 M | |
| Net Interest Income | $ -165.00 M | |
| Income Before Tax | $ 429.0 M | |
| Tax Provision | $ 131.0 M | |
| Tax Rate | 30.536 % | |
| Net Income | $ 297.0 M | |
| Net Income From Continuing Operations | $ 298.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.02 | |
| EPS Actual | $ 2.08 | |
| EPS Difference | $ 0.06 | |
| EPS Surprise | 2.97 % | |
| Forward EPS | $ 2.60 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 16.8 B | |
| Intangible Assets | $ 11.8 B | |
| Net Tangible Assets | $ -17.17 B | |
| Total Current Assets | $ 3.0 B | |
| Cash and Short-Term Investments | $ 918.0 M | |
| Cash | $ 918.0 M | |
| Net Receivables | $ 1.7 B | |
| Inventory | — | |
| Long-Term Investments | $ 484.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 376.0 M | |
| Short-Term Debt | $ 25.0 M | |
| Total Current Liabilities | $ 4.5 B | |
| Net Debt | $ 11.4 B | |
| Total Debt | $ 13.1 B | |
| Total Liabilities | $ 22.1 B | |
| EQUITY | ||
| Total Equity | $ -5.39 B | |
| Retained Earnings | $ -1.51 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ -23.38 | |
| Shares Outstanding | 230.433 M | |
| Revenue Per-Share | $ 13.40 | |
| VALUATION | Market Capitalization | $ 67.1 B |
| Enterprise Value | $ 79.3 B | |
| Enterprise Multiple | 123.675 | |
| Enterprise Multiple QoQ | 37.228 % | |
| Enterprise Multiple YoY | 11.678 % | |
| Enterprise Multiple IPRWA | high: 130.17 HLT: 123.675 median: 91.512 mean: 83.537 low: 36.566 |
|
| EV/R | 25.68 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | -3.113 | |
| Asset To Liability | 0.758 | |
| Debt To Capital | 1.699 | |
| Debt To Assets | 0.781 | |
| Debt To Assets QoQ | 5.167 % | |
| Debt To Assets YoY | 2310.593 % | |
| Debt To Assets IPRWA | high: 1.609 HLT: 0.781 mean: 0.632 median: 0.62 low: 0.019 |
|
| Debt To Equity | -2.43 | |
| Debt To Equity QoQ | -2.964 % | |
| Debt To Equity YoY | 1592.811 % | |
| Debt To Equity IPRWA | high: 12.912 median: 0.252 mean: -0.481 HLT: -2.43 low: -7.692 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | -12.454 | |
| Price To Book QoQ | -0.315 % | |
| Price To Book YoY | -22.228 % | |
| Price To Book IPRWA | high: 26.123 median: 2.666 mean: -1.531 HLT: -12.454 low: -26.316 |
|
| Price To Earnings (P/E) | 139.996 | |
| Price To Earnings QoQ | 11.728 % | |
| Price To Earnings YoY | -0.17 % | |
| Price To Earnings IPRWA | high: 247.068 mean: 141.546 HLT: 139.996 median: 119.408 low: -96.27 |
|
| PE/G Ratio | 8.306 | |
| Price To Sales (P/S) | 21.736 | |
| Price To Sales QoQ | 10.066 % | |
| Price To Sales YoY | 1.36 % | |
| Price To Sales IPRWA | high: 27.836 HLT: 21.736 mean: 13.751 median: 12.243 low: 0.273 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 105.893 | |
| Forward PE/G | 6.283 | |
| Forward P/S | 42.967 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 20.941 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.185 | |
| Asset Turnover Ratio QoQ | -3.63 % | |
| Asset Turnover Ratio YoY | 10.245 % | |
| Asset Turnover Ratio IPRWA | high: 0.603 mean: 0.243 median: 0.242 HLT: 0.185 low: 0.078 |
|
| Receivables Turnover | 1.847 | |
| Receivables Turnover Ratio QoQ | -1.472 % | |
| Receivables Turnover Ratio YoY | 5.547 % | |
| Receivables Turnover Ratio IPRWA | high: 47.268 mean: 10.678 median: 7.943 HLT: 1.847 low: 0.996 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 49.394 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 49.394 | |
| Cash Conversion Cycle Days QoQ | 1.494 % | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | HLT: 49.394 high: 41.853 median: 6.46 mean: 3.201 low: -49.183 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -2.042 | |
| CapEx To Revenue | -0.017 | |
| CapEx To Depreciation | -1.106 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 7.0 B | |
| Net Invested Capital | $ 7.0 B | |
| Invested Capital | $ 7.0 B | |
| Net Tangible Assets | $ -17.17 B | |
| Net Working Capital | $ -1.51 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.204 | |
| Current Ratio | 0.665 | |
| Current Ratio QoQ | 0.105 % | |
| Current Ratio YoY | -4.535 % | |
| Current Ratio IPRWA | high: 2.73 median: 1.047 mean: 0.997 HLT: 0.665 low: 0.36 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 20.426 | |
| Cost Of Debt | 0.901 % | |
| Interest Coverage Ratio | 3.6 | |
| Interest Coverage Ratio QoQ | -24.98 % | |
| Interest Coverage Ratio YoY | 14.645 % | |
| Interest Coverage Ratio IPRWA | high: 40.588 mean: 5.629 median: 5.564 HLT: 3.6 low: -8.807 |
|
| Operating Cash Flow Ratio | 0.068 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 8.486 | |
| Dividend Payout Ratio | 0.118 | |
| Dividend Rate | $ 0.15 | |
| Dividend Yield | 0.001 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.799 % | |
| Revenue Growth | -1.058 % | |
| Revenue Growth QoQ | 95.203 % | |
| Revenue Growth YoY | -63.891 % | |
| Revenue Growth IPRWA | high: 27.02 % median: 3.098 % mean: -1.0 % HLT: -1.058 % low: -32.161 % |
|
| Earnings Growth | 16.854 % | |
| Earnings Growth QoQ | -511.978 % | |
| Earnings Growth YoY | -302.256 % | |
| Earnings Growth IPRWA | high: 366.667 % mean: 46.534 % HLT: 16.854 % median: 2.4 % low: -360.784 % |
|
| MARGINS | ||
| Gross Margin | 25.948 % | |
| Gross Margin QoQ | -13.966 % | |
| Gross Margin YoY | 7.941 % | |
| Gross Margin IPRWA | high: 82.469 % mean: 33.778 % HLT: 25.948 % median: 21.071 % low: -4.539 % |
|
| EBIT Margin | 19.242 % | |
| EBIT Margin QoQ | -21.317 % | |
| EBIT Margin YoY | 8.62 % | |
| EBIT Margin IPRWA | high: 29.423 % HLT: 19.242 % mean: 12.578 % median: 10.496 % low: -8.383 % |
|
| Return On Sales (ROS) | 19.501 % | |
| Return On Sales QoQ | -21.695 % | |
| Return On Sales YoY | 10.082 % | |
| Return On Sales IPRWA | high: 29.503 % HLT: 19.501 % mean: 13.162 % median: 10.496 % low: -5.01 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 151.0 M | |
| Free Cash Flow Yield | 0.225 % | |
| Free Cash Flow Yield QoQ | -81.899 % | |
| Free Cash Flow Yield YoY | -73.31 % | |
| Free Cash Flow Yield IPRWA | high: 3.996 % mean: 1.031 % median: 0.802 % HLT: 0.225 % low: -1.958 % |
|
| Free Cash Growth | -80.287 % | |
| Free Cash Growth QoQ | -426.995 % | |
| Free Cash Growth YoY | 334.548 % | |
| Free Cash Growth IPRWA | high: 149.518 % mean: -26.684 % median: -30.915 % HLT: -80.287 % low: -365.169 % |
|
| Free Cash To Net Income | 0.508 | |
| Cash Flow Margin | 9.913 % | |
| Cash Flow To Earnings | 1.03 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.778 % | |
| Return On Assets QoQ | -31.112 % | |
| Return On Assets YoY | -41.532 % | |
| Return On Assets IPRWA | high: 6.953 % mean: 1.966 % HLT: 1.778 % median: 1.506 % low: -1.777 % |
|
| Return On Capital Employed (ROCE) | 4.843 % | |
| Return On Equity (ROE) | -0.055 | |
| Return On Equity QoQ | -35.275 % | |
| Return On Equity YoY | -59.321 % | |
| Return On Equity IPRWA | high: 0.351 mean: 0.003 median: -0.006 HLT: -0.055 low: -0.202 |
|
| DuPont ROE | -5.756 % | |
| Return On Invested Capital (ROIC) | 5.916 % | |
| Return On Invested Capital QoQ | -25.407 % | |
| Return On Invested Capital YoY | -111.635 % | |
| Return On Invested Capital IPRWA | high: 18.398 % mean: 6.615 % HLT: 5.916 % median: 4.858 % low: -5.359 % |
|