Logo

H

Hyatt Hotels Corporation

H

Hyatt Hotels Corporation • NYSE
$164.39 ▼ -1.00% (-1.66)
Market Cap $15.61 B
52w High $168.20
52w Low $102.43
Dividend Yield 0.60%
P/E -228.32
Volume 402.47K
Outstanding Shares 94.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $883M ▼ $138M ▼ $-49M ▼ -5.549% ▼ $-0.51 ▼ $155M ▼
Q2-2025 $1.808B ▲ $259M ▲ $-3M ▼ -0.166% ▼ $-0.031 ▼ $203M ▼
Q1-2025 $832M ▲ $126M ▼ $20M ▲ 2.404% ▲ $0.208 ▲ $206M ▲
Q4-2024 $761M ▼ $136M ▲ $-56M ▼ -7.359% ▼ $-0.58 ▼ $172M ▼
Q3-2024 $762M $126M $471M 61.811% $4.75 $193M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $749M ▼ $15.705B ▼ $11.897B ▼ $3.484B ▼
Q2-2025 $912M ▼ $15.907B ▲ $12.02B ▲ $3.561B ▲
Q1-2025 $1.805B ▲ $14.002B ▲ $10.24B ▲ $3.461B ▼
Q4-2024 $1.383B ▲ $13.324B ▲ $9.498B ▲ $3.547B ▼
Q3-2024 $1.134B $11.865B $8.165B $3.697B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-49M ▼ $-20M ▲ $-67M ▲ $-69M ▼ $-98M ▲ $-89M ▲
Q2-2025 $-3M ▼ $-117M ▼ $-1.359B ▼ $596M ▲ $-889M ▼ $-161M ▼
Q1-2025 $24M ▲ $153M ▼ $239M ▲ $340M ▼ $724M ▲ $123M ▼
Q4-2024 $-56M ▼ $235M ▲ $-902M ▼ $566M ▲ $-93M ▲ $184M ▲
Q3-2024 $471M $-15M $1.289B $-1.421B $-160M $-58M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Distribution Segment
Distribution Segment
 $200.00M ▲$320.00M ▲$260.00M ▼$190.00M ▼
Management and Franchising
Management and Franchising
 $1.14Bn ▲$1.19Bn ▲$1.25Bn ▲$1.18Bn ▼
Owned And Leased Segment
Owned And Leased Segment
 $270.00M ▲$220.00M ▼$310.00M ▲$440.00M ▲
Segment Revenues
Segment Revenues
 $0 ▲$-10.00M ▼$-20.00M ▼$-20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Hyatt’s income statement tells a story of recovery and then solid profitability. Revenue rebounded strongly after the pandemic lows, then leveled off more recently, suggesting growth has slowed but remains at a healthy base. Operating profits have been consistently strong for several years, which points to good cost control and a more efficient, asset-light model. The most recent year shows unusually high net income compared with operating profit, which likely reflects one-off gains such as asset sales or tax items, rather than a step-change in the core business. Overall, the earnings profile looks much stronger and more resilient than it did during and immediately after the pandemic, though investors should be careful not to assume the latest profit spike repeats every year.

Balance Sheet

Balance Sheet The balance sheet looks relatively solid and stable. Total assets have grown over time, reflecting acquisitions and expansion, while equity has held fairly steady, suggesting profits have been offset in part by shareholder returns or accounting adjustments. Debt is significant but not extreme for a hotel company, and it has moved up and down within a reasonable band rather than surging. Cash levels are steady and provide a comfortable, though not excessive, buffer. Altogether, Hyatt appears to be running with moderate leverage and a balanced structure: not overly conservative, but not stretched to the point where small business setbacks would threaten its finances.

Cash Flow

Cash Flow Cash flow has improved markedly from the pandemic period. Operating cash flow has been firmly positive for several years, showing that the underlying business now generates reliable cash from guests and owners, even if the latest year was a bit softer than the prior one. Free cash flow has also been consistently positive recently, after covering a modest and fairly stable level of capital spending. That pattern fits an asset-light strategy: less money tied up in owning properties and more coming back as flexible cash. This gives Hyatt room to fund growth projects, service debt, and return capital without relying heavily on new borrowing.

Competitive Edge

Competitive Edge Hyatt occupies a strong but more focused position versus the largest global hotel chains. Its strength lies in high-end, lifestyle, and resort segments, where brand perception and service matter a lot. The company has built a well-regarded loyalty program that drives repeat stays and higher customer engagement, particularly among frequent, higher-spending travelers. Strategic acquisitions have deepened its footprint in luxury, all-inclusive, and boutique segments, giving Hyatt a differentiated mix relative to peers. The main trade-off is scale: it has fewer hotels than its biggest competitors, which can limit network effects and corporate travel share. Nonetheless, its concentration in premium segments and fast-growing niches supports a defensible, if narrower, competitive moat.

Innovation and R&D

Innovation and R&D Hyatt is leaning heavily into technology and new concepts rather than traditional “R&D,” using innovation to sharpen its edge. It is overhauling its reservations and property systems, moving key platforms to the cloud, and using data and AI to personalize offers and stays. The mobile app is becoming a central tool for the guest journey, from booking to keyless entry, which can both improve satisfaction and lower operating friction. On the product side, Hyatt is broadening into lifestyle, wellness, all-inclusive resorts, and extended-stay formats, with new and acquired brands targeting changing traveler preferences. This creates clear growth avenues but also integration and execution risk: making all these systems and brands work seamlessly worldwide is complex and will take time to fully prove out.

Summary

Hyatt has emerged from the pandemic as a much healthier and more profitable company, with a solid income statement, a balanced if moderately leveraged balance sheet, and consistently positive free cash flow. Its strategy centers on an asset-light model, premium and experiential brands, and a powerful loyalty platform, reinforced by meaningful investments in technology and data. The company is not the largest global player, which limits some scale advantages, and the most recent profit surge likely includes non-recurring benefits. Still, the overall picture is of a hotel group that has strengthened its fundamentals, carved out a distinctive niche in higher-end and all-inclusive travel, and is actively using innovation and portfolio expansion to pursue future growth, while remaining exposed to the usual economic and travel-cycle risks of the lodging industry.

NEWS

November 17, 2025 · 8:17 PM UTC

Hyatt Announces Pricing of Public Offering of Senior Notes

Read more

November 17, 2025 · 12:28 PM UTC

Retreat Spa at Hyatt Regency Vancouver Recognized for Outstanding Guest Reviews

Read more

November 13, 2025 · 8:00 AM UTC

World of Hyatt Announces Exclusive Cyber Offer with up to 30% Savings for Members in the Americas

Read more

November 13, 2025 · 7:01 AM UTC

Hydro One Limited Declares Quarterly Common Share Dividend

Read more

November 12, 2025 · 12:47 PM UTC

Hyatt Place Cancun Airport Debuts as the First Hyatt Place Branded Hotel in Quintana Roo

Read more