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Hyatt Hotels Corporation (H)

NYSE / Consumer Cyclical / Travel Lodging

Share price

169.13 USD Market dataClose of Oct 16, 2026

Market capitalisation

15.97B USD Market dataClose of Oct 16, 2026
Market data
Oct 16, 2026
Filed accounts
FY2025, filed Feb 13, 2026
Ratios computed
Oct 16, 2026
Filed years
16, FY2009 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on equity

-1.6% Computed

From the FY2025 filing

Read quality

Valuation

Price to book

4.84x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

1.0% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2016 Revenue: 4.43B USDFY2016 Net income: 206.0M USDFY2017 Revenue: 4.68B USDFY2017 Net income: 389.0M USDFY2018 Revenue: 4.45B USDFY2018 Net income: 769.0M USDFY2019 Revenue: 5.02B USDFY2019 Net income: 766.0M USDFY2020 Revenue: 2.07B USDFY2020 Net income: -703.0M USDFY2021 Revenue: 3.03B USDFY2021 Net income: -222.0M USDFY2022 Revenue: 5.89B USDFY2022 Net income: 455.0M USDFY2023 Revenue: 6.67B USDFY2023 Net income: 220.0M USDFY2024 Revenue: 6.65B USDFY2024 Net income: 1.30B USDFY2025 Revenue: 7.10B USDFY2025 Net income: -52.0M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
1 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Enterprise value to EBIT is 50.06x at the close of 2026-10-16 on FY2025 figures. No published threshold exists for enterprise value to EBIT, so its standing against peers is the reading.

Today, against the Consumer Cyclical sector (222 companies), 50.06x sits at the 91st percentile; the middle half of that group runs from 13.04x to 28.06x.

Is it good

Return on equity was -1.6% in FY2025, in the band labelled "Likely below the cost of equity" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns on shareholders' money below the usual cost of equity.

Today, against the Consumer Cyclical sector (436 companies), -1.6% sits at the 36th percentile; the middle half of that group runs from -19.6% to 16.9%.

Is it safe

Debt to equity was 1.37 in FY2025, in the band labelled "Leveraged" (1.00 to 2.00), on lines anchored on Graham's defensive-investor criteria.

Today, against the Consumer Cyclical sector (286 companies), 1.37 sits at the 64th percentile; the middle half of that group runs from 0.37 to 1.96.

Year by year against peers
Whether Hyatt Hotels Corporation's return on equity stayed above the median of the Consumer Cyclical sector, year by year. (FY2024 to FY2025, 2 fiscal years of Hyatt Hotels Corporation with a comparable figure)
The direction
Which way Hyatt Hotels Corporation's return on equity has moved, and how steadily. (FY2016 to FY2025, 10 filed years of Hyatt Hotels Corporation)
What could explain it
What in Hyatt Hotels Corporation's filed statements could explain the movements. (7 readings drawn from the statement lines Hyatt Hotels Corporation filed)
What to check next
What to check next on Hyatt Hotels Corporation, and where in its filings. (3 questions for Hyatt Hotels Corporation)
In one paragraph
One paragraph on Hyatt Hotels Corporation's returns, cash, balance sheet and price. (9 of sixteen figures read for Hyatt Hotels Corporation)

These are H’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research HPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Feb 13, 2026, accession 0001468174-26-000007.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Hyatt Hotels Corporation: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.

n/a ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Return on equity-1.6% ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Return on capital employed, pre-tax
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Return on assets-0.4% ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Gross margin
Why n/a

Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.

n/a ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Operating margin
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Net margin-0.7% ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
H -0.7%
HLT 12.1%IHG 14.6%MAR 9.9%HTHT 20.1%
-0.7%20.1%
Net margin: H against the 4 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Hyatt Hotels Corporation: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity1.37 ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Current ratio0.75 ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Quick ratio0.75 ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Interest coverage
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Altman Z-score
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 16, 2026 · FY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Net debt3.75B ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Total assets 14.04BTotal liabilities 10.38BShareholders' equity 3.33BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Hyatt Hotels Corporation owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Feb 13, 2026, 0001468174-26-000007).

Hyatt Hotels Corporation: balance sheet position
Total assets14.04B FiledFY2025 10-K, filed Feb 13, 2026
Total liabilities10.38B FiledFY2025 10-K, filed Feb 13, 2026
Shareholders' equity3.33B FiledFY2025 10-K, filed Feb 13, 2026
Cash813.0M FiledFY2025 10-K, filed Feb 13, 2026
Total debt4.56B FiledFY2025 10-K, filed Feb 13, 2026
Net debt3.75B
Current ratio0.75
Debt to equity1.37
  • Interest cover: FY2025: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Hyatt Hotels Corporation: what the market charges, each with its source
FigureValue, source and document
Price to earnings
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 16, 2026 · FY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
P/E on trailing twelve months203.77x ComputedClose of Oct 16, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book4.84x ComputedClose of Oct 16, 2026 · FY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Price to sales2.27x ComputedClose of Oct 16, 2026 · FY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Enterprise value to EBIT50.06x ComputedClose of Oct 16, 2026 · FY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 16, 2026 · FY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Price to earnings over growth
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 16, 2026 · FY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Diluted earnings per share-0.55 USD FiledFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Graham number
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007

We publish no fair value or price target of our own. Value H on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Hyatt Hotels Corporation today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Hyatt Hotels Corporation: valuation
Share price169.13 USD
Market capitalisation15.97B USD
Enterprise value to EBITDAn/a
Graham numbern/m
Diluted earnings per share, FY2025-0.55 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 5.07x, median 23.50x, high 500.63x, latest 203.77x. 1,964 trading days with a meaningful ratio, 560 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Hyatt Hotels Corporation

  1. Hilton Worldwide Holdings Inc. (HLT)Market cap 77.67B USD
  2. InterContinental Hotels Group PLC (IHG)Market cap 24.54B USD
  3. Marriott International, Inc. (MAR)Market cap 101.20B USD
  4. H World Group Limited (HTHT)Market cap 14.28B USD

Same industry (Travel Lodging) and size band (Large, 10B to 200B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Hyatt Hotels Corporation: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield1.0% ComputedClose of Oct 16, 2026 · FY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Free cash flow159.0M USD ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Free cash flow margin2.2% ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Dividend yield0.3% ComputedClose of Oct 16, 2026 · FY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
FY2016 Free cash flow: 251.0M USDFY2016 Net income: 206.0M USDFY2017 Free cash flow: 289.0M USDFY2017 Net income: 389.0M USDFY2018 Free cash flow: 44.0M USDFY2018 Net income: 769.0M USDFY2019 Free cash flow: 27.0M USDFY2019 Net income: 766.0M USDFY2020 Free cash flow: -733.0M USDFY2020 Net income: -703.0M USDFY2021 Free cash flow: 204.0M USDFY2021 Net income: -222.0M USDFY2022 Free cash flow: 473.0M USDFY2022 Net income: 455.0M USDFY2023 Free cash flow: 602.0M USDFY2023 Net income: 220.0M USDFY2024 Free cash flow: 463.0M USDFY2024 Net income: 1.30B USDFY2025 Free cash flow: 159.0M USDFY2025 Net income: -52.0M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Hyatt Hotels Corporation: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
n/mFY2025Oct 16, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
4.84xFY2025Oct 16, 2026
50.06xFY2025Oct 16, 2026
1.0%FY2025Oct 16, 2026
n/aFY2025Feb 13, 2026
n/a The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
0.3%FY2025Oct 16, 2026
1.37FY2025Feb 13, 2026
0.75FY2025Feb 13, 2026
2.27xFY2025Oct 16, 2026
n/mFY2025Oct 16, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2025Oct 16, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
-2.54FY2025Feb 13, 2026
4/9FY2025Feb 13, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 16 filed fiscal years on record, FY2009 to FY2025, from SEC EDGAR. Prices as of Oct 16, 2026. Ratios recomputed Oct 16, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2016 to FY2025, read from the annual reports Hyatt Hotels Corporation filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Hyatt Hotels Corporation: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY20257.10B398.0M-52.0M-0.55159.0Mn/a-1.6%10-K, Feb 13, 20260001468174-26-000007
FY20246.65B1.74B1.30B12.65463.0Mn/a36.5%10-K, Feb 13, 20250001468174-25-000009
FY20236.67B455.0M220.0M2.05602.0Mn/a6.2%10-K, Feb 23, 20240001468174-24-000014
FY20225.89B513.0M455.0M4.09473.0Mn/a12.3%10-K, Feb 16, 20230001468174-23-000009
FY20213.03B207.0M-222.0M-2.13204.0Mn/a-6.2%10-K, Feb 17, 20220001468174-22-000016
FY20202.07B-832.0M-703.0M-6.93-733.0Mn/a-21.9%10-K, Feb 18, 20210001468174-21-000011
FY20195.02B1.08B766.0M7.2127.0Mn/a19.3%10-K, Feb 20, 20200001468174-20-000015
FY20184.45B1.03B769.0M6.6844.0Mn/a20.9%10-K, Feb 14, 20190001468174-19-000009
FY20174.68B802.0M389.0M3.08289.0Mn/a10.1%10-K, Feb 15, 20180001468174-18-000014
FY20164.43B358.0M206.0M1.53251.0Mn/a5.3%10-K, Feb 16, 20170001468174-17-000010
  • Revenue, compound annual growth FY2016 to FY2025: 5.4%
  • Earnings: Earnings was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2016 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow, compound annual growth FY2016 to FY2025: -4.9%

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Hyatt Hotels Corporation: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.54 ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Piotroski F-score4/9 ComputedFY2025 10-K, filed Feb 13, 2026, 0001468174-26-000007
Named tests met1 of 30 Computed
Beta0.98 ComputedClose of Oct 16, 2026

The named tests

Of 30 tests value investors published: 1 met, 25 not met, 4 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Cash-covered dividend
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
EV/EBITDA and coverage; ROIC at or above WACC; P/E times P/B (Benjamin Graham); Cheapest quarter on P/E (David Dreman). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(12)
  • P/E Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Return on Invested Capital: The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
  • Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
  • PEG Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Gross Margin: Our archived statements for this filer carry no gross profit line, so there is nothing to compute a gross margin from and trace back to source. That may be because the filer presents no cost of revenue, or because we have not captured the concept. We do not guess which.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No operating income line is filed for this year.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Price Tangible Book: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 12 figures could not be read on this company, among them P/E Ratio, Return on Invested Capital, Altman Z-Score. Each blank in the table above names the rest, with its reason. 4 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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