Hyatt Hotels CorporationH
NYSE•Consumer Cyclical•Lodging
Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Management and Franchising, Owned and Leased, and Distribution segments. The company develops, owns, operates, manages, franchises, leases, and licenses a portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, and other forms of residential and vacation units. It operates its properties under the Park Hyatt, Alila, Miraval, Impression by Secrets, The Unbound Collection by Hyatt, Andaz, Thompson Hotels, The Standard, Dream Hotels, The StandardX, Breathless Resorts & Spas, JdV by Hyatt, Bunkhouse Hotels, Me and All Hotels, Zoëtry Wellness & Spa Resorts, Hyatt Ziva, Hyatt Zilara, Secrets Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotels & Resorts, Bahia Principe Hotels & Resorts, Alua Hotels & Resorts, Sunscape Resorts & Spas, Grand Hyatt, Hyatt Regency, Destination by Hyatt, Hyatt Centric, Hyatt Vacation Club, Hyatt, Caption by Hyatt, Unscripted by Hyatt, Hyatt Place, Hyatt House, Hyatt Studios, Hyatt Select, and UrCove brands. The company also offers Homes & Hideaways by World of Hyatt, a short-term vacation rental platform that features direct booking for short-term private home rentals in the United States, as well as distribution and destination management services; and World of Hyatt loyalty program, which allows rewards points to be redeemed for hotel nights and other rewards. It serves corporations; national, state, and regional associations; specialty market accounts, including social, government, military, educational, religious, and fraternal organizations; travel agency and luxury organizations; and a group of individual consumers. Hyatt Hotels Corporation was founded in 1957 and is headquartered in Chicago, Illinois.
Hyatt Hotels Corporation (H) reported trailing twelve months revenue of $7.13B as of March 2026, a 7.2% increase year-over-year. Quarterly revenue reached $1.75B, reflecting continued top-line momentum.
Hyatt Hotels Corporation reported a TTM net loss of $34.00M, with quarterly EBITDA of $83.00M. The operating margin contracted from 0.5% to 0.4%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (0.4%) and net margin (2.2%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 1.2% a year ago, signaling stronger bottom-line efficiency.
H trades at a P/S of 1.9x. The price-to-book ratio of 4.1x reflects a moderate premium to book value.
The company generated $77.00M in free cash flow over the trailing twelve months, a 37.4% decrease year-over-year, indicating strong cash generation ability. The balance sheet shows $13.90B in total assets with $3.67B in long-term debt against $3.23B in stockholders equity for a debt-to-equity ratio of 1.1. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 6.0%. The business may lack pricing power or face rising costs.'
ROE averages 16.1% but has fluctuated — the competitive advantage may be cyclical or emerging.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (6 of 7 quarters up), with ~6.4% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 102.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
D/E ratio is 1.1 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares decreased 6.6% — net buybacks are reducing shares outstanding and boosting per-share value.