Consumer Cyclical · NYSE/NASDAQ: HLT
Hilton Worldwide Holdings Inc.
Lodging
Market Cap $79.02B
Verdict: High
Quality Scores
Multi-Bagger
78/100
Compounder Quality
91/100
Management Credibility
92/100
Governance
92/100
Cash Flow Quality
95/100
AI Summary
Hilton Worldwide (HLT) has undergone a structural transformation over the last decade, transitioning to an asset-light fee-based model following the 2017 spin-offs of Park Hotels & Resorts and Hilton Grand Vacations. This shift resulted in a significant reduction in assets and the emergence of a negative equity position due to massive share repurchases, a common trait in high-return franchisors. Revenue has grown from $2.92B in 2016 to $12.04B in 2025, demonstrating resilient recovery from the 2020 pandemic trough. Net margins have expanded significantly as higher-margin management and…
Top Opportunities
- Asset-light fee-based business model
- Consistent double-digit revenue growth post-2021
- Strong operating margin expansion reaching >20%
Top Risks
- Negative total shareholder equity for multiple years
- High sensitivity to global macroeconomic shocks
- Intense competition from OTAs and alternative lodging (Airbnb)
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