HHyatt Hotels Corp
Hotels & Motels
- Revenue
- $7.1B
- 6.8% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $17.4B
- Employees
- 242,000
- $29K revenue each
- Net debt / EBITDA
- —
- $3.2B net debt
- AI in 10-K
- 3.4
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo92% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo25% of assetsOver 40% of assets
- Shareholder dissentNo97% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeYes$29K · 0th pctBottom quartile of its SIC industry
- Quiet on AINo3.4 per 10K words · 74th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$17.4B market capMarket cap $500M–$5B
Catalysts 2 of 2
- Active 13DYes1 filingActive-intent 13D in 18 months
- Net insider sellingYes−$201M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $3.0B | $5.9B | $6.7B | $6.6B | $7.1B | 6.8% |
| Net income | −$222M | $455M | $220M | $1.3B | −$52M | 104% |
| Operating cash flow | $315M | $674M | $800M | $633M | $379M | 40% |
| Capex | $111M | $201M | $198M | $170M | $220M | 29% |
| Stock-based comp | $59M | $61M | $75M | $64M | $74M | 16% |
| Buybacks | $0 | $369M | $453M | $1.2B | $293M | 75% |
| Dividends | $0 | $0 | $47M | $60M | $57M | 5.0% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Apr 21, 2026 | Robin Road Trust Co LLC | SCHEDULE 13D/A | 1.2% | Passive |
| Jan 2, 2026 | Maroon Private Trust Company, LLC | SCHEDULE 13D/A | 22.8% | Active |
| Jul 2, 2025 | Wingate Andrew D. | SCHEDULE 13D/A | 3.8% | Passive |
| Jun 2, 2025 | Maroon Private Trust Company, LLC | SCHEDULE 13D/A | 21.8% | Passive |
| Sep 24, 2024 | Maroon Private Trust Company, LLC | SC 13D/A | 21.1% | Passive |
| Aug 9, 2024 | Maroon Private Trust Company, LLC | SC 13D/A | 23.0% | Passive |
| Jun 20, 2024 | UDQ Private Trust Company, LLC | SC 13D/A | 17.3% | Passive |
| Mar 25, 2024 | Horton Trust Co LLC | SC 13D/A | 6.4% | Passive |
| Mar 15, 2024 | UDQ Private Trust Company, LLC | SC 13D/A | 17.3% | Active |
| Jan 12, 2024 | Robin Road Trust Co LLC | SC 13D/A | 1.8% | Passive |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $123M · 57
- Net
- −$123M
Pay vs performance
No pay-versus-performance disclosure yet.