Stock Analysis on Net
Stock Analysis on Net

Hilton Worldwide Holdings Inc. (NYSE:HLT)

This company has been moved to the archive! The financial data has not been updated since August 7, 2024.

DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
Quarterly Data

Microsoft Excel

Decomposing ROE involves expressing net income divided by shareholders’ equity as the product of component ratios.

Two-Component Disaggregation of ROE

Hilton Worldwide Holdings Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = ROA × Financial Leverage
Jun 30, 2024 — = 7.69% × —
Mar 31, 2024 — = 7.53% × —
Dec 31, 2023 — = 7.41% × —
Sep 30, 2023 — = 8.70% × —
Jun 30, 2023 — = 8.45% × —
Mar 31, 2023 — = 8.21% × —
Dec 31, 2022 — = 8.09% × —
Sep 30, 2022 — = 6.93% × —
Jun 30, 2022 — = 6.29% × —
Mar 31, 2022 — = 4.72% × —
Dec 31, 2021 — = 2.66% × —
Sep 30, 2021 — = 0.25% × —
Jun 30, 2021 — = -1.86% × —
Mar 31, 2021 — = -5.26% × —
Dec 31, 2020 — = -4.27% × —
Sep 30, 2020 — = -1.84% × —
Jun 30, 2020 — = 0.30% × —
Mar 31, 2020 — = 4.69% × —
Dec 31, 2019 — = 5.89% × —
Sep 30, 2019 — = — × —
Jun 30, 2019 — = — × —
Mar 31, 2019 — = — × 148.53

Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Three-Component Disaggregation of ROE

Hilton Worldwide Holdings Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Net Profit Margin × Asset Turnover × Financial Leverage
Jun 30, 2024 — = 11.20% × 0.69 × —
Mar 31, 2024 — = 11.41% × 0.66 × —
Dec 31, 2023 — = 11.15% × 0.66 × —
Sep 30, 2023 — = 13.13% × 0.66 × —
Jun 30, 2023 — = 13.23% × 0.64 × —
Mar 31, 2023 — = 13.37% × 0.61 × —
Dec 31, 2022 — = 14.31% × 0.57 × —
Sep 30, 2022 — = 13.15% × 0.53 × —
Jun 30, 2022 — = 12.83% × 0.49 × —
Mar 31, 2022 — = 11.00% × 0.43 × —
Dec 31, 2021 — = 7.08% × 0.37 × —
Sep 30, 2021 — = 0.81% × 0.32 × —
Jun 30, 2021 — = -6.98% × 0.27 × —
Mar 31, 2021 — = -25.79% × 0.20 × —
Dec 31, 2020 — = -16.60% × 0.26 × —
Sep 30, 2020 — = -5.46% × 0.34 × —
Jun 30, 2020 — = 0.70% × 0.42 × —
Mar 31, 2020 — = 8.08% × 0.58 × —
Dec 31, 2019 — = 9.32% × 0.63 × —
Sep 30, 2019 — = — × — × —
Jun 30, 2019 — = — × — × —
Mar 31, 2019 — = — × — × 148.53

Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Five-Component Disaggregation of ROE

Hilton Worldwide Holdings Inc., decomposition of ROE (quarterly data)

Microsoft Excel
ROE = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Financial Leverage
Jun 30, 2024 — = 0.68 × 0.78 × 21.08% × 0.69 × —
Mar 31, 2024 — = 0.69 × 0.78 × 21.15% × 0.66 × —
Dec 31, 2023 — = 0.68 × 0.78 × 20.97% × 0.66 × —
Sep 30, 2023 — = 0.73 × 0.80 × 22.53% × 0.66 × —
Jun 30, 2023 — = 0.72 × 0.80 × 22.98% × 0.64 × —
Mar 31, 2023 — = 0.72 × 0.80 × 23.33% × 0.61 × —
Dec 31, 2022 — = 0.72 × 0.81 × 24.47% × 0.57 × —
Sep 30, 2022 — = 0.68 × 0.80 × 24.00% × 0.53 × —
Jun 30, 2022 — = 0.70 × 0.78 × 23.39% × 0.49 × —
Mar 31, 2022 — = 0.73 × 0.72 × 20.83% × 0.43 × —
Dec 31, 2021 — = 0.73 × 0.59 × 16.59% × 0.37 × —
Sep 30, 2021 — = — × -0.05 × 8.14% × 0.32 × —
Jun 30, 2021 — = — × — × -1.02% × 0.27 × —
Mar 31, 2021 — = — × — × -18.61% × 0.20 × —
Dec 31, 2020 — = — × — × -11.38% × 0.26 × —
Sep 30, 2020 — = — × -3.39 × 1.68% × 0.34 × —
Jun 30, 2020 — = 0.25 × 0.33 × 8.51% × 0.42 × —
Mar 31, 2020 — = 0.74 × 0.71 × 15.43% × 0.58 × —
Dec 31, 2019 — = 0.71 × 0.75 × 17.49% × 0.63 × —
Sep 30, 2019 — = — × — × — × — × —
Jun 30, 2019 — = — × — × — × — × —
Mar 31, 2019 — = — × — × — × — × 148.53

Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Two-Component Disaggregation of ROA

Hilton Worldwide Holdings Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Net Profit Margin × Asset Turnover
Jun 30, 2024 7.69% = 11.20% × 0.69
Mar 31, 2024 7.53% = 11.41% × 0.66
Dec 31, 2023 7.41% = 11.15% × 0.66
Sep 30, 2023 8.70% = 13.13% × 0.66
Jun 30, 2023 8.45% = 13.23% × 0.64
Mar 31, 2023 8.21% = 13.37% × 0.61
Dec 31, 2022 8.09% = 14.31% × 0.57
Sep 30, 2022 6.93% = 13.15% × 0.53
Jun 30, 2022 6.29% = 12.83% × 0.49
Mar 31, 2022 4.72% = 11.00% × 0.43
Dec 31, 2021 2.66% = 7.08% × 0.37
Sep 30, 2021 0.25% = 0.81% × 0.32
Jun 30, 2021 -1.86% = -6.98% × 0.27
Mar 31, 2021 -5.26% = -25.79% × 0.20
Dec 31, 2020 -4.27% = -16.60% × 0.26
Sep 30, 2020 -1.84% = -5.46% × 0.34
Jun 30, 2020 0.30% = 0.70% × 0.42
Mar 31, 2020 4.69% = 8.08% × 0.58
Dec 31, 2019 5.89% = 9.32% × 0.63
Sep 30, 2019 — = — × —
Jun 30, 2019 — = — × —
Mar 31, 2019 — = — × —

Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

The primary reason for the increase in return on assets ratio (ROA) over Q2 2024 is the increase in asset turnover ratio.

Four-Component Disaggregation of ROA

Hilton Worldwide Holdings Inc., decomposition of ROA (quarterly data)

Microsoft Excel
ROA = Tax Burden × Interest Burden × EBIT Margin × Asset Turnover
Jun 30, 2024 7.69% = 0.68 × 0.78 × 21.08% × 0.69
Mar 31, 2024 7.53% = 0.69 × 0.78 × 21.15% × 0.66
Dec 31, 2023 7.41% = 0.68 × 0.78 × 20.97% × 0.66
Sep 30, 2023 8.70% = 0.73 × 0.80 × 22.53% × 0.66
Jun 30, 2023 8.45% = 0.72 × 0.80 × 22.98% × 0.64
Mar 31, 2023 8.21% = 0.72 × 0.80 × 23.33% × 0.61
Dec 31, 2022 8.09% = 0.72 × 0.81 × 24.47% × 0.57
Sep 30, 2022 6.93% = 0.68 × 0.80 × 24.00% × 0.53
Jun 30, 2022 6.29% = 0.70 × 0.78 × 23.39% × 0.49
Mar 31, 2022 4.72% = 0.73 × 0.72 × 20.83% × 0.43
Dec 31, 2021 2.66% = 0.73 × 0.59 × 16.59% × 0.37
Sep 30, 2021 0.25% = — × -0.05 × 8.14% × 0.32
Jun 30, 2021 -1.86% = — × — × -1.02% × 0.27
Mar 31, 2021 -5.26% = — × — × -18.61% × 0.20
Dec 31, 2020 -4.27% = — × — × -11.38% × 0.26
Sep 30, 2020 -1.84% = — × -3.39 × 1.68% × 0.34
Jun 30, 2020 0.30% = 0.25 × 0.33 × 8.51% × 0.42
Mar 31, 2020 4.69% = 0.74 × 0.71 × 15.43% × 0.58
Dec 31, 2019 5.89% = 0.71 × 0.75 × 17.49% × 0.63
Sep 30, 2019 — = — × — × — × —
Jun 30, 2019 — = — × — × — × —
Mar 31, 2019 — = — × — × — × —

Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

The primary reason for the increase in return on assets ratio (ROA) over Q2 2024 is the increase in efficiency measured by asset turnover ratio.

Disaggregation of Net Profit Margin

Hilton Worldwide Holdings Inc., decomposition of net profit margin ratio (quarterly data)

Microsoft Excel
Net Profit Margin = Tax Burden × Interest Burden × EBIT Margin
Jun 30, 2024 11.20% = 0.68 × 0.78 × 21.08%
Mar 31, 2024 11.41% = 0.69 × 0.78 × 21.15%
Dec 31, 2023 11.15% = 0.68 × 0.78 × 20.97%
Sep 30, 2023 13.13% = 0.73 × 0.80 × 22.53%
Jun 30, 2023 13.23% = 0.72 × 0.80 × 22.98%
Mar 31, 2023 13.37% = 0.72 × 0.80 × 23.33%
Dec 31, 2022 14.31% = 0.72 × 0.81 × 24.47%
Sep 30, 2022 13.15% = 0.68 × 0.80 × 24.00%
Jun 30, 2022 12.83% = 0.70 × 0.78 × 23.39%
Mar 31, 2022 11.00% = 0.73 × 0.72 × 20.83%
Dec 31, 2021 7.08% = 0.73 × 0.59 × 16.59%
Sep 30, 2021 0.81% = — × -0.05 × 8.14%
Jun 30, 2021 -6.98% = — × — × -1.02%
Mar 31, 2021 -25.79% = — × — × -18.61%
Dec 31, 2020 -16.60% = — × — × -11.38%
Sep 30, 2020 -5.46% = — × -3.39 × 1.68%
Jun 30, 2020 0.70% = 0.25 × 0.33 × 8.51%
Mar 31, 2020 8.08% = 0.74 × 0.71 × 15.43%
Dec 31, 2019 9.32% = 0.71 × 0.75 × 17.49%
Sep 30, 2019 — = — × — × —
Jun 30, 2019 — = — × — × —
Mar 31, 2019 — = — × — × —

Based on: 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

The primary reason for the decrease in net profit margin ratio over Q2 2024 is the decrease in effect of interest expense measured by interest burden ratio.