|H Overview
H

Hyatt Hotels Corp

Technology • CIK: 0001468174

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Market Cap
$15.31B
P/E (TTM)
-291.5x
Rev Growth (TTM)
+6.8%
Net Margin (TTM)
-0.7%
FCF Yield (TTM)
1.0%
FCF Margin (TTM)
2.2%

LATEST EARNINGS

Q4 2025
21 days ago
View source
Revenue
$-17.00M
Net Income
$-20.00
-64.3%
EPS
$-0.21
-63.8%
Net
-1.1% +2.4%
  • Comparable system-wide hotels RevPAR growth was 4.0% in the fourth quarter and 2.9% for the full year of 2025.
  • Comparable system-wide all-inclusive resorts Net Package RevPAR growth was 8.3% in the fourth quarter and 8.6% for the full year of 2025.
  • Net rooms growth was 7.3% for the full year of 2025 and net rooms growth excluding acquisitions was 6.7%.
  • Pipeline of executed management and franchise contracts was approximately 148,000 rooms, up 7% compared to 2024.

Cash Flow Health

Free Cash Flow5/8 positive
TTM$159M
Q4 '25
$236M+365%
Q3 '25
$-89M+20%
FCF Margin
TTM2.2%
Q4 '2513.2%+365%
Sector: 10.0%Below Avg
OCF Margin5.3%
OCF/NI-7.29x
CapEx Coverage1.7x
FCF Yield1.0%
FCF Growth (2Y)-30%
Cash Conversion Cycle
55 days
DSO: 55+DIO: DPO:

Capital Allocation & Returns

Balanced
Total Shareholder YieldTTM
TTM2.3%
Div Yield0.4%
+
Buyback (TTM)1.9%

Balancing returns with reinvestment

Dividend & Payout Metrics
Dividend Yield (TTM)0.4%
FCF Payout Ratio36.0%
Free Cash Flow (TTM)$159.0M
Stock Repurchases (TTM)$293.0M
Capital Return / FCF220.1%
Est. Dividends Paid (TTM)$57.3M
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
-48.1%
Volatile
-146.1%
P25MedianP75
25th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
-55.8%
8Q: 71.9%
Asset Turnover
0.48x
8Q: 0.51x
Leverage (1+D/E)
2.28x
D/E: 1.28x
DuPont: -60.9%-48.1% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
4.18x
8Q:4.09x
+109.0%
Invested Cap Turn
1.05x
8Q:1.14x
-31.9%
CapEx Intensity
3.3%
8Q:3.2%
CapEx/Depreciation
0.68x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024
Revenue
$7.1B
$1.8B0.2%
$1.8B1.2%
$1.8B5.2%
$1.7B7.2%
$1.6B1.7%
$1.6B4.3%
$1.7B0.6%
$1.7B
Operating Income
$6.5B
$1.6B0.1%
$1.6B0.5%
$1.7B4.0%
$1.6B8.6%
$1.5B2.5%
$1.5B5.2%
$1.6B2.7%
$1.5B
Net Income
$-52.0M
$-20.0M59.2%
$-49.0M1533.3%
$-3.0M115.0%
$20.0M135.7%
$-56.0M111.9%
$471.0M31.2%
$359.0M31.2%
$522.0M
Operating Cash Flow
$379.0M
$313.0M1665.0%
$-20.0M70.1%
$-67.0M143.8%
$153.0M34.9%
$235.0M1219.0%
$-21.0M111.9%
$177.0M26.9%
$242.0M
Free Cash Flow
$159.0M
$236.0M365.2%
$-89.0M19.8%
$-111.0M190.2%
$123.0M33.2%
$184.0M387.5%
$-64.0M147.4%
$135.0M35.1%
$208.0M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
-291.5x
Volatile
8Q: -123.4x-168463%
Valuation Lenses
Earnings
-291.5x
vs sector
Cash Flow
118.9x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
P/E per %ROIC
ROIC: -48.1%
Shareholder Returns
Dividend
0.4%
Buyback
1.9%
Total Yield
2.3%
Market Cap$15.31B
EV$18.91B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
-50/100
Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Below Avg
-1.5%
8Q:
Return on Invested Capital (ROIC)Below Avg
-48.1%
8Q:
-146.1%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: -55.8%
Asset Turnover: 0.48x

Earnings Quality

Cash Conversion

-7.29x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover1.05x

Working Capital

Cash Conversion Cycle55 days

Growth Quality & Momentum

Low Quality
Growth Quality Score
47/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
6.8%
OpInc Growth YoY
12.6%
EPS Growth YoY
N/A
FCF 3Y CAGR
-30.5%

Growth Quality Analysis

Working Capital Drag: FCF growth lagging revenue by 37.3%
Sustainability Index: 3.0/10 - Growth sustainability concerns

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
Operating
92.2%
Top 25% in sector
Net
-0.7%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+3.0 pts
FCF: 2.2% | Net: -0.7%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Leveraged
Net Debt / EBITDA
Net Debt: $3.46B
Interest Coverage
Leverage Metrics
Debt-to-Equity
1.28x
Balance sheet risk & solvency analysis