Hilton Worldwide vs Norwegian Cruise Line
Hilton Worldwide reported revenue of $12.0 billion in fiscal 2025, 1.2 times Norwegian Cruise Line's $9.8 billion in fiscal 2025. Hilton Worldwide's revenue grew 7.7% in its latest year, and Norwegian Cruise Line's grew 3.7%. Hilton Worldwide had an operating margin of 22.4%, against 15.9% at Norwegian Cruise Line. Free cash flow was $2.0 billion at Hilton Worldwide and −$1.2 billion at Norwegian Cruise Line.
Side by side
| Hilton Worldwide | Norwegian Cruise Line | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $12.0B | $9.8B |
| Revenue growth | 7.7% | 3.7% |
| Revenue growth a year, last 5 years | 22.8% | 50.3% |
| Gross margin | — | 42.6% |
| Operating margin | 22.4% | 15.9% |
| Net margin | 12.1% | 4.3% |
| Free cash flow | $2.0B | −$1.2B |
| Free cash flow margin | 16.9% | −11.9% |
| Return on capital | 31.1% | 9.8% |
| Net debt to EBITDA | 4.0x | 5.4x |
| Dividends and buybacks | $3.3B | $0M |
| Change in diluted share count | −4.8% | −7.2% |
| Last close | $351.89 | $15.25 |
| P/E at the last close | 51.6× | 9.4× |
| Insider trades, last 12 months | sold $38.7 million | bought $30.9 million, sold $110,250 |
| Piotroski F-score | 5 of 8 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Hilton WorldwideNorwegian Cruise Line
Operating margin
Percent of revenue
Hilton WorldwideNorwegian Cruise Line
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Hilton WorldwideNorwegian Cruise Line
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Hilton Worldwide and Norwegian Cruise Line pages.