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Hilton Worldwide vs Norwegian Cruise Line

Hilton Worldwide is the larger business, with $12.04bn of revenue in fiscal 2025 against $9.83bn for Norwegian Cruise Line (1.2 times as much). Hilton Worldwide grew faster (7.7% against 3.7%). Hilton Worldwide kept more of each dollar of sales as profit: a net margin of 12.1% against 4.3%.

Latest fiscal yearHilton WorldwideHLT, 2025Norwegian Cruise LineNCLH, 2025
Revenue $12.04bn $9.83bn
Revenue growth 7.7% 3.7%
Net income $1.46bn $423m
Operating margin 22.4% —
Net margin 12.1% 4.3%
Return on equity — 23.3%
Free cash flow $2.03bn −$1.17bn
Cash $918m $210m
Total debt $12.46bn $14.99bn
Debt to equity — —
Dividend per share $0.60 —
Dividend yield 0.2% —
Share buybacks $3.18bn —
Employees 142,000 —
Market value $81.27bn $7.95bn
Price vs our value range Above our value range —
Moat score 67 (Moderate) 35 (Weak)
Insider trades, 12 months 0 buys, 14 sales 17 buys, 1 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.