# Hilton Worldwide Holdings Inc. (HLT) — Stock CV

Hilton Worldwide Holdings Inc. is a $73.5B consumer company. Revenue grew 8.7% over the last year, it keeps 13¢ of every dollar of sales as profit, and its net debt equals ~5.6 years of free cash flow. It trades at 46.4× earnings — in the most expensive third of its own history.

> Hilton Worldwide Holdings operates 1.38 million rooms across its 27 brands, serving the premium economy through luxury segments. Hampton and Hilton are the two largest brands, representing 27% and 18%, respectively, of the company's total rooms, as of Dec.

## Identity

- **Ticker**: HLT
- **Sector**: Consumer Cyclical
- **Industry**: Travel Services
- **Headquarters**: MCLEAN, VA
- **Employees**: 182 000
- **Website**: https://www.hilton.com
- **Market cap**: $73.5B
- **Last price**: $326.70
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $12.5B
- **Net income**: $1.58B
- **Free cash flow**: $2.03B
- **Net debt**: $11.4B
- **P/E**: 46.4
- **Revenue growth (YoY)**: 8.7%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 27 |
| Growth | 75 |
| Profitability | 85 |
| Health | 10 |
| Quality | 77 |
| Moat | 51 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +8.7% YoY
- [x] Profitable — $1.58B TTM
- [x] Profit growing — +10.6% YoY
- [x] Generates cash — $2.03B TTM
- [ ] Debt under control — ~5.6y of cash flow to repay
- [x] Established company — $73.5B market cap
- [x] Not printing shares — -14.8% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [ ] Financially stable — health score 10/100
- [x] Pays a dividend — yield 0.19%
- [x] Valuation not extreme — P/E 46.4

## Experience (career milestones)

- **FY2024** — Best year on record: $1.53B net income
- **FY2016** — First recorded profitable year: $348M net income
- **FY2016** — Revenue already above $10B: $11.7B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **Dec 29, 2005** — Hilton Hotels Corporation agreed to re-acquire the Hilton International chain from its British…
- **1998** — Hilton spun off its gambling operations into a separate, publicly held company called Park Place…
- **1970** — Between 1970 and 1971, Hilton acquired the International Leisure Company, including the International Hotel and the…
- **1965** — Hilton launched Lady Hilton, the first hotel concept created specifically for women guests
- **Dec 1, 1964** — The company spun off its international operations into a separately traded company on December 1, 1964, known as…
- **1954** — Hilton created the world's first central reservations office, titled "HILCRON"
- **1947** — Hilton assumed management of the Palacio Hilton hotel in Chihuahua, Mexico
- **1946** — The company was incorporated in 1946 as the Hilton Hotels Corporation and subsequently began public trading of…
- **1925** — The Dallas Hilton became the first hotel to use the Hilton name
- **1919** — Conrad Hilton purchased his first hotel, the 40-room Mobley Hotel in Cisco, Texas

## Strengths

- Strong cash conversion — FCF is 16.3% of revenue
- High returns on invested capital (ROIC 24.1%)

## Watch-outs

- Loss-making in 1 of the recent years
- Net debt equals ~5.6 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $5.79B | $410M | $74.0M |
| FY2022 | $8.77B | $1.25B | $1.64B |
| FY2023 | $10.2B | $1.14B | $1.79B |
| FY2024 | $11.2B | $1.53B | $1.92B |
| FY2025 | $12.0B | $1.46B | $2.03B |

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Source: https://stockcv.com/HLT — derived from company filings; may be delayed or incomplete. Information, not investment advice.