NYSE : H
Hyatt Hotels Corporation — Financial statements
Consumer Discretionary · Lodging · United States
Last price 180.57 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 16.86B
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Financial statements
Hyatt Hotels Corporation (H) reported revenue of 7.11B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 3.25B | 3.43B | 3.23B | 3.31B | 3.00B | 1.34B |
| Other Revenue | 3.86B | 3.67B | 3.42B | 3.36B | 2.89B | 1.69B |
| Revenue | 7.11B | 7.10B | 6.65B | 6.67B | 5.89B | 3.03B |
| Cost of Revenue | 5.61B | 5.65B | 5.25B | 5.28B | 4.59B | 2.55B |
| Gross Profit | 1.50B | 1.45B | 1.40B | 1.39B | 1.30B | 481.00M |
| Selling, General & Admin | 551.00M | 555.00M | 548.00M | 578.00M | 435.00M | 366.00M |
| Other Operating Expenses | 39.00M | 53.00M | 105.00M | 86.00M | 12.00M | 56.00M |
| Operating Expenses | 891.00M | 933.00M | 986.00M | 1.06B | 873.00M | 732.00M |
| Operating Income | 611.00M | 521.00M | 416.00M | 331.00M | 427.00M | -251.00M |
| Interest Expense | -281.00M | -317.00M | -180.00M | -145.00M | -150.00M | -163.00M |
| Interest & Investment Income | 129.00M | 137.00M | 123.00M | 74.00M | 44.00M | 28.00M |
| Earnings From Equity Investments | -11.00M | -46.00M | 31.00M | -1.00M | 5.00M | 28.00M |
| Currency Exchange Gain (Loss) | -8.00M | -24.00M | 7.00M | -10.00M | -12.00M | 6.00M |
| Other Non Operating Income (Expenses) | 55.00M | 29.00M | 35.00M | 22.00M | 17.00M | 6.00M |
| EBT Excluding Unusual Items | 495.00M | 300.00M | 432.00M | 271.00M | 331.00M | -346.00M |
| Merger & Restructuring Charges | -89.00M | -230.00M | -47.00M | -46.00M | -74.00M | -49.00M |
| Impairment of Goodwill | -163.00M | -7.00M | ||||
| Gain (Loss) on Sale of Investments | 67.00M | 90.00M | 275.00M | 89.00M | -130.00M | 57.00M |
| Gain (Loss) on Sale of Assets | -38.00M | -34.00M | 1.08B | 18.00M | 266.00M | 414.00M |
| Asset Writedown | -107.00M | -40.00M | -50.00M | -30.00M | -31.00M | -8.00M |
| Other Unusual Items | -2.00M | -5.00M | 40.00M | 8.00M | 8.00M | -24.00M |
| Pretax Income | 326.00M | 81.00M | 1.56B | 310.00M | 363.00M | 44.00M |
| Income Tax Expense | 134.00M | 130.00M | 267.00M | 90.00M | -92.00M | 266.00M |
| Earnings From Continuing Operations | 192.00M | -49.00M | 1.30B | 220.00M | 455.00M | -222.00M |
| Minority Interest in Earnings | -6.00M | -3.00M | ||||
| Net Income | 186.00M | -52.00M | 1.30B | 220.00M | 455.00M | -222.00M |
| Net Income to Common | 186.00M | -52.00M | 1.30B | 220.00M | 455.00M | -222.00M |
| Shares Outstanding (Basic) | 94.44M | 95.50M | 99.79M | 104.86M | 109.09M | 103.97M |
| Shares Outstanding (Diluted) | 96.15M | 95.50M | 102.42M | 107.73M | 111.26M | 103.97M |
| EPS (Basic) | 1.97 | -0.54 | 12.99 | 2.10 | 4.17 | -2.14 |
| EPS (Diluted) | 1.93 | -0.55 | 12.65 | 2.05 | 4.09 | -2.14 |
| Free Cash Flow | 184.00M | 159.00M | 463.00M | 602.00M | 473.00M | 204.00M |
| Free Cash Flow Per Share | 1.91 | 1.67 | 4.52 | 5.59 | 4.25 | 1.96 |
| Dividend Per Share | 0.60 | 0.60 | 0.60 | 0.45 | ||
| Gross Margin | 21.13% | 20.48% | 21.09% | 20.88% | 22.07% | 15.88% |
| Operating Margin | 8.60% | 7.34% | 6.26% | 4.96% | 7.25% | -8.29% |
| Profit Margin | 2.62% | -0.73% | 19.50% | 3.30% | 7.72% | -7.33% |
| Free Cash Flow Margin | 2.59% | 2.24% | 6.97% | 9.03% | 8.03% | 6.74% |
| EBITDA | 912.00M | 846.00M | 749.00M | 728.00M | 853.00M | 59.00M |
| EBITDA Margin | 12.83% | 11.91% | 11.27% | 10.92% | 14.48% | 1.95% |
| D&A For EBITDA | 301.00M | 325.00M | 333.00M | 397.00M | 426.00M | 310.00M |
| EBIT | 611.00M | 521.00M | 416.00M | 331.00M | 427.00M | -251.00M |
| EBIT Margin | 8.60% | 7.34% | 6.26% | 4.96% | 7.25% | -8.29% |
| Effective Tax Rate | 41.10% | 160.49% | 17.08% | 29.03% | 604.54% | |
| Revenue as Reported | 7.11B | 7.10B | 6.65B | 6.67B | 5.89B | 3.03B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 454.00M | 787.00M | 1.01B | 881.00M | 991.00M | 960.00M |
| Short-Term Investments | 41.00M | 26.00M | 372.00M | 15.00M | 158.00M | 227.00M |
| Cash & Short-Term Investments | 495.00M | 813.00M | 1.38B | 896.00M | 1.15B | 1.19B |
| Accounts Receivable | 1.24B | 1.09B | 1.08B | 861.00M | 818.00M | 610.00M |
| Receivables | 1.34B | 1.12B | 1.12B | 883.00M | 834.00M | 633.00M |
| Inventory | 8.00M | 8.00M | 9.00M | 9.00M | 10.00M | |
| Prepaid Expenses | 279.00M | 169.00M | 166.00M | 168.00M | 165.00M | 147.00M |
| Restricted Cash | 1.00M | 1.00M | 1.00M | 34.00M | 39.00M | 57.00M |
| Other Current Assets | 63.00M | 54.00M | 140.00M | 54.00M | 28.00M | |
| Total Current Assets | 2.11B | 2.18B | 2.73B | 2.13B | 2.25B | 2.06B |
| Property, Plant & Equipment | 1.83B | 1.91B | 2.02B | 2.71B | 2.77B | 3.29B |
| Long-Term Investments | 1.54B | 617.00M | 668.00M | 412.00M | 334.00M | 378.00M |
| Goodwill | 3.45B | 3.45B | 2.54B | 3.21B | 3.10B | 2.96B |
| Other Intangible Assets | 2.02B | 2.23B | 2.17B | 1.67B | 1.67B | 1.98B |
| Long-Term Deferred Tax Assets | 618.00M | 518.00M | 466.00M | 358.00M | 257.00M | 14.00M |
| Long-Term Deferred Charges | 194.00M | 106.00M | 14.00M | |||
| Other Long-Term Assets | 1.82B | 2.69B | 2.36B | 2.08B | 1.77B | 1.86B |
| Total Assets | 13.86B | 14.04B | 13.32B | 12.83B | 12.31B | 12.60B |
| Accounts Payable | 375.00M | 451.00M | 475.00M | 493.00M | 500.00M | 523.00M |
| Accrued Expenses | 669.00M | 741.00M | 699.00M | 628.00M | 589.00M | 395.00M |
| Current Portion of Long-Term Debt | 755.00M | 4.00M | 454.00M | 749.00M | 658.00M | 9.00M |
| Current Portion of Leases | 37.00M | 35.00M | 43.00M | 41.00M | 36.00M | |
| Current Unearned Revenue | 1.52B | 1.58B | 1.55B | 1.60B | 1.44B | 1.18B |
| Other Current Liabilities | 54.00M | 77.00M | 58.00M | 67.00M | 61.00M | 91.00M |
| Total Current Liabilities | 3.37B | 2.89B | 3.27B | 3.58B | 3.29B | 2.23B |
| Long-Term Debt | 3.67B | 4.27B | 3.32B | 2.30B | 2.45B | 3.96B |
| Long-Term Leases | 221.00M | 244.00M | 247.00M | 277.00M | 303.00M | 355.00M |
| Long-Term Unearned Revenue | 1.22B | 1.01B | 843.00M | 1.76B | 1.50B | 1.35B |
| Long-Term Deferred Tax Liabilities | 211.00M | 216.00M | 171.00M | 66.00M | 72.00M | 93.00M |
| Other Long-Term Liabilities | 1.66B | 1.74B | 1.64B | 1.28B | 1.00B | 1.05B |
| Total Liabilities | 10.36B | 10.38B | 9.50B | 9.27B | 8.61B | 9.04B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 318.00M | 640.00M | ||||
| Retained Earnings | 3.39B | 3.48B | 3.81B | 3.74B | 3.62B | 3.17B |
| Comprehensive Income & Other | -202.00M | -149.00M | -269.00M | -175.00M | -242.00M | -245.00M |
| Total Common Equity | 3.19B | 3.33B | 3.55B | 3.56B | 3.70B | 3.56B |
| Minority Interest | 314.00M | 325.00M | 279.00M | 3.00M | 3.00M | 3.00M |
| Shareholders' Equity | 3.50B | 3.66B | 3.83B | 3.57B | 3.70B | 3.57B |
| Total Liabilities & Equity | 13.86B | 14.04B | 13.32B | 12.83B | 12.31B | 12.60B |
| Total Debt | 4.65B | 4.56B | 4.06B | 3.37B | 3.45B | 4.36B |
| Net Cash (Debt) | -4.15B | -3.74B | -2.68B | -2.47B | -2.30B | -3.17B |
| Net Cash Per Share | -43.19 | -39.19 | -26.14 | -22.97 | -20.68 | -30.54 |
| Filing Date Shares Outstanding | 93.39M | 94.47M | 96.16M | 102.90M | 106.25M | 109.99M |
| Total Common Shares Outstanding | 93.44M | 94.60M | 96.14M | 103.03M | 106.40M | 109.98M |
| Working Capital | -1.26B | -717.00M | -541.00M | -1.45B | -1.04B | -170.00M |
| Book Value Per Share | 34.13 | 35.24 | 36.89 | 34.59 | 34.76 | 32.40 |
| Tangible Book Value | -2.28B | -2.35B | -1.16B | -1.31B | -1.07B | -1.38B |
| Tangible Book Value Per Share | -24.42 | -24.83 | -12.08 | -12.72 | -10.06 | -12.54 |
| Land | 478.00M | 482.00M | 564.00M | 557.00M | 676.00M | |
| Buildings | 1.58B | 1.59B | 2.65B | 2.66B | 3.06B | |
| Machinery | 937.00M | 891.00M | 1.17B | 1.14B | 1.19B | |
| Construction In Progress | 44.00M | 44.00M | 23.00M | 30.00M | 47.00M | |
| Leasehold Improvements | 226.00M | 209.00M | 191.00M | 184.00M | 192.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 186.00M | -52.00M | 1.30B | 220.00M | 455.00M | -222.00M |
| Depreciation & Amortization | 336.00M | 359.00M | 369.00M | 439.00M | 461.00M | 337.00M |
| Loss (Gain) From Sale of Assets | 15.00M | 15.00M | -1.25B | -18.00M | -263.00M | -414.00M |
| Asset Writedown & Restructuring Costs | 107.00M | 40.00M | 213.00M | 30.00M | 38.00M | 8.00M |
| Loss (Gain) From Sale of Investments | -19.00M | -54.00M | -34.00M | 55.00M | -14.00M | |
| Loss (Gain) on Equity Investments | 11.00M | 46.00M | -31.00M | 1.00M | -5.00M | -26.00M |
| Stock-Based Compensation | 69.00M | 74.00M | 64.00M | 75.00M | 61.00M | 59.00M |
| Other Operating Activities | 123.00M | 31.00M | -167.00M | -116.00M | -295.00M | 199.00M |
| Change in Accounts Receivable | 58.00M | 58.00M | -15.00M | -209.00M | -85.00M | |
| Change in Accounts Payable | -176.00M | -176.00M | 56.00M | -29.00M | 96.00M | 87.00M |
| Change in Unearned Revenue | 163.00M | 163.00M | 251.00M | 492.00M | 491.00M | 213.00M |
| Change in Income Taxes | -82.00M | -82.00M | 65.00M | -24.00M | 2.00M | 255.00M |
| Change in Other Net Operating Assets | -482.00M | -78.00M | -169.00M | -236.00M | -213.00M | -82.00M |
| Operating Cash Flow | 328.00M | 379.00M | 633.00M | 800.00M | 674.00M | 315.00M |
| Capital Expenditures | -144.00M | -220.00M | -170.00M | -198.00M | -201.00M | -111.00M |
| Cash Acquisitions | -8.00M | -1.27B | -609.00M | -175.00M | -174.00M | -2.92B |
| Divestitures | 1.68B | 1.68B | 1.42B | 629.00M | 3.00M | |
| Sale (Purchase) of Real Estate | -32.00M | -9.00M | -10.00M | -4.00M | 755.00M | |
| Investment in Securities | -77.00M | -62.00M | -26.00M | -36.00M | 46.00M | 69.00M |
| Other Investing Activities | 108.00M | 249.00M | -450.00M | 96.00M | 128.00M | 442.00M |
| Investing Cash Flow | 1.45B | 357.00M | 81.00M | -365.00M | 416.00M | -1.77B |
| Long-Term Debt Issued | 3.10B | 1.44B | 600.00M | 1.96B | ||
| Long-Term Debt Repaid | -3.63B | -750.00M | -660.00M | -711.00M | -1.22B | |
| Net Debt Issued (Repaid) | -1.52B | -530.00M | 688.00M | -60.00M | -711.00M | 742.00M |
| Issuance of Common Stock | 600.00M | |||||
| Repurchase of Common Stock | -443.00M | -320.00M | -1.23B | -469.00M | -384.00M | |
| Common Dividends Paid | -56.00M | -57.00M | -60.00M | -47.00M | ||
| Other Financing Activities | -55.00M | -47.00M | -13.00M | -2.00M | -11.00M | -54.00M |
| Financing Cash Flow | -2.07B | -954.00M | -618.00M | -578.00M | -1.11B | 1.29B |
| Foreign Exchange Rate Adjustments | 4.00M | -9.00M | -3.00M | -2.00M | 18.00M | -3.00M |
| Miscellaneous Cash Flow Adjustments | 50.00M | 3.00M | -3.00M | |||
| Net Cash Flow | -242.00M | -227.00M | 96.00M | -148.00M | 2.00M | -172.00M |
| Free Cash Flow | 184.00M | 159.00M | 463.00M | 602.00M | 473.00M | 204.00M |
| Free Cash Flow Margin | 2.59% | 2.24% | 6.97% | 9.03% | 8.03% | 6.74% |
| Free Cash Flow Per Share | 1.91 | 1.67 | 4.52 | 5.59 | 4.25 | 1.96 |
| Levered Free Cash Flow | 193.25M | 394.50M | 293.50M | 497.25M | 669.12M | 1.32B |
| Unlevered Free Cash Flow | 368.88M | 592.62M | 406.00M | 587.88M | 762.88M | 1.43B |
| Cash Interest Paid | 255.00M | 277.00M | 167.00M | 115.00M | 138.00M | 145.00M |
| Cash Income Tax Paid | 206.00M | 214.00M | 160.00M | 153.00M | 101.00M | -210.00M |
| Change in Working Capital | -519.00M | -115.00M | 188.00M | 203.00M | 167.00M | 388.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 17.37B | 15.22B | 15.08B | 13.45B | 9.69B | 10.54B |
| Enterprise Value | 21.52B | 21.10B | 17.37B | 16.10B | 12.45B | 11.15B |
| Last Close Price | 185.96 | 159.91 | 155.91 | 129.01 | 89.12 | 94.49 |
| PE Ratio | 96.31 | 11.63 | 61.14 | 21.29 | ||
| Forward PE | 42.10 | 56.72 | 46.17 | 44.90 | 37.03 | 296.58 |
| PS Ratio | 2.44 | 2.14 | 2.27 | 2.02 | 1.65 | 3.48 |
| PB Ratio | 5.45 | 4.16 | 3.94 | 3.77 | 2.62 | 2.96 |
| P/FCF Ratio | 94.38 | 95.75 | 32.56 | 22.34 | 20.48 | 51.69 |
| P/OCF Ratio | 52.95 | 40.17 | 23.82 | 16.81 | 14.38 | 33.48 |
| PEG Ratio | 0.65 | 2.05 | 3.04 | 4.40 | 0.74 | 9.54 |
| EV/Sales Ratio | 3.03 | 2.97 | 2.61 | 2.41 | 2.11 | 3.68 |
| EV/EBITDA Ratio | 23.60 | 24.94 | 23.19 | 22.11 | 14.60 | 188.99 |
| EV/EBIT Ratio | 35.22 | 40.50 | 41.76 | 48.63 | 29.16 | |
| EV/FCF Ratio | 116.96 | 132.70 | 37.52 | 26.74 | 26.32 | 54.66 |
| Debt / Equity Ratio | 1.33 | 1.25 | 1.06 | 0.94 | 0.93 | 1.22 |
| Debt / EBITDA Ratio | 4.71 | 4.95 | 4.93 | 3.85 | 3.42 | 25.51 |
| Debt / FCF Ratio | 25.26 | 28.65 | 8.77 | 5.60 | 7.29 | 21.38 |
| Net Debt / Equity Ratio | 1.19 | 1.02 | 0.70 | 0.69 | 0.62 | 0.89 |
| Net Debt / EBITDA Ratio | 4.55 | 4.42 | 3.57 | 3.40 | 2.70 | 53.81 |
| Net Debt / FCF Ratio | 22.57 | 23.54 | 5.78 | 4.11 | 4.87 | 15.56 |
| Asset Turnover | 0.48 | 0.52 | 0.51 | 0.53 | 0.47 | 0.28 |
| Inventory Turnover | 252.25 | 222.82 | 246.33 | 207.47 | 101.47 | |
| Quick Ratio | 0.52 | 0.66 | 0.75 | 0.49 | 0.60 | 0.81 |
| Current Ratio | 0.63 | 0.75 | 0.83 | 0.59 | 0.69 | 0.92 |
| Return on Equity (ROE) | 5.25% | -1.31% | 35.06% | 6.05% | 12.52% | -6.55% |
| Return on Assets (ROA) | 2.58% | 2.38% | 1.99% | 1.65% | 2.14% | -1.44% |
| Return on Invested Capital (ROIC) | 4.74% | -4.53% | 5.50% | 3.90% | 6.70% | 21.61% |
| Return on Capital Employed (ROCE) | 5.80% | 4.70% | 4.10% | 3.60% | 4.70% | -2.40% |
| Earnings Yield | 1.04% | -0.34% | 8.60% | 1.64% | 4.70% | -2.10% |
| FCF Yield | 1.06% | 1.04% | 3.07% | 4.48% | 4.88% | 1.93% |
| Dividend Yield | 0.32% | 0.37% | 0.38% | 0.34% | ||
| Payout Ratio | 31.07% | 4.63% | 21.36% | |||
| Buyback Yield / Dilution | -0.36% | 6.76% | 4.92% | 3.18% | -7.02% | -2.61% |
| Total Shareholder Return | -0.03% | 7.13% | 5.31% | 3.52% | -7.02% | -2.61% |