Value Investor
Start free

Hyatt Hotels

H on NYSE. Hyatt sells hotel stays and resorts to travelers. Market value $5.6bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

The company doesn't report operating profit, so we work it out from pre-tax profit and interest.

Should I look at this?

Good business, but not cheap right now

Why it could be worth it

What to watch out for

See cheaper Retail & consumer stocks on the list

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
1.7%low

For every $100 of what the whole company costs, it produced $1.66 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
35.3×full

You pay 35.3 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to December 2025
6.2%five-year median

Each dollar kept in the business earns 6 cents a year. Above 10 is good.

Quality score: 74 of 100. Price score: 12 of 100. Our list needs 70 on quality and 60 on price.

$159.12 a share, 19% above its 1-year low

Over the past year the price has ranged from $134.18 to $206.86.

Dividend: 0.4% a year

Paid every year for 3 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.2
0.5
0.6
0.5
0.2
0.3
2021202220232024202512 monthsto Jun '26

Spare cash swings from quarter to quarter here: $252 million in the past 12 months, $159 million in the year to December 2025.

Revenue
$3.0bn$5.9bn$6.7bn$6.6bn$7.1bn
Operating margin
6.8%8.7%6.8%26.2%5.6%
Debt to equity
1.120.850.861.071.28
Shares outstanding
0.10bn0.11bn0.11bn0.10bn0.10bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)3 of 7 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt1.28× equity
  • Revenue growth, five yearsStrong, 28.0% a year
  • Buying back its own sharesYes, 8% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $1.8 billion last quarter, about the same as a year ago.
  • Profit: $110 million, after a loss of $3 million a year ago.
  • Spare cash over the past 12 months: $252 million, up from $132 million.
  • 1% more shares than a year ago. Each share owns a bit less of the company.
  • Debt is $3.7 billion more than cash, down from $5.2 billion a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$1.6bn
December 2024$1.6bn
March 2025$1.7bn
June 2025$1.8bn
September 2025$1.8bn
December 2025$1.8bn
March 2026$1.7bn
June 2026$1.8bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$471m
December 2024-$56m
March 2025$20m
June 2025-$3m
September 2025-$49m
December 2025-$20m
March 2026$38m
June 2026$110m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
13 February 2026
Next quarterly (estimated, 10-Q)
29 October 2026

Who owns it

3 long-term investors we follow own it, unchanged from 3 last quarter. 525 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

8 investors own more than 5%.

  • Thomas J. Pritzker, as trustee of the trust listed on Appendix 4 of Exhibit 99.1, as trustee of Maroon Trust, and individually
    at least 22.8%+1.0 pts
    (filed with 9 related holders)
    Since 1 January 2026
    What they said

    Item 4 of the Schedule 13D is amended and supplemented as follows: The August 2025 Transfer was completed on August 13, 2025, as described in Item 3 of this Amendment No. 32. The January 2026 Transfers were completed on January 1, 2026, as described in Item 3 of this amendment…

    Read the filing
  • Thomas J. Pritzker, as trustee of the trust listed on Appendix 6 of Exhibit 26, as trustee of Maroon Trust, and individually
    Insider or founder
    at least 22.7%
    (filed with 3 related holders)
    Since 29 May 2025
    What they said

    Item 4 of the Schedule 13D is amended and supplemented as follows: The 2024 SARs Exercise was completed on December 24, 2024, as described in Item 3 of this Amendment No. 31. The December 2024 Transfer was completed on December 24, 2024, as described in Item 3 of this Amendment…

    Read the filing
  • Baron Capital Group, Inc.
    Passive investor
    at least 17.7%+3.1 pts
    (filed with 4 related holders)
    Since 30 June 2026
  • PRINCIPAL GLOBAL INVESTORS
    Passive investor
    at least 8.3%+0.9 pts
    (filed with 2 related holders)
    Since 31 August 2025
  • at least 6.9%−4.6 pts
    (filed with 3 related holders)
    Since 30 June 2026
  • 6.5%+1.2 pts
    Since 30 September 2025
  • 5.0%
    Since 31 March 2026
  • 1953 Private Family Trust Company LLC, not individually, but solely as trustee of the trusts listed on Appendix A-2.
    at least 3.3%
    (filed with 2 related holders)
    Since 1 July 2025
    What they said

    Item 4 of the Schedule 13D is hereby supplemented by inserting the following at the end of such Item: On July 1, 2025, Andrew D. Wingate, Lucinda Falk and Zena Tamler, ceased to be the co-trustees of the trusts listed on Appendix A-2 attached to Exhibit 1 hereto. The 1953…

    Read the filing
  • Robin Road Trust Company LLC, as trustee of Robin Road Trust and the trusts listed on Appendix 1 of Exhibit 99.1
    Sold down below 5%
    Since 17 April 2026
    What they said

    Item 4 of the Schedule 13D is amended and supplemented as follows: The 2025 Donation was completed on January 30, 2025, as described in Item 3 of this Amendment No. 10. The May 2025 Sale was completed on May 14, 2025, as described in Item 3 of this Amendment No. 10. The April…

    Read the filing
  • The Vanguard Group
    Passive investor
    Sold down below 5%
    Since 13 March 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 11 sold $73m, $2m of it under preset trading plans.

  • Lalvani Amar
    See Remarks
    Sold
    Date
    14 September 2026
    Shares
    1,364
    Price
    $163.06
    Value
    $222,414
  • KRONICK SUSAN D
    Director
    Sold
    under a preset trading plan
    Date
    17 August 2026
    Shares
    1,700
    Price
    $179.88
    Value
    $305,796
  • Bottarini Joan
    See Remarks
    Sold
    under a preset trading plan
    Date
    3 August 2026
    Shares
    1,825
    Price
    $170.37
    Value
    $310,925
  • HOPLAMAZIAN MARK SAMUEL
    See Remarks, Director
    Sold
    Date
    22 June 2026
    Shares
    84,791
    Price
    $197.12
    Value
    $17m
  • HOPLAMAZIAN MARK SAMUEL
    See Remarks, Director
    Sold
    Date
    18 June 2026
    Shares
    35,209
    Price
    $203.29
    Value
    $7m
  • Udell David
    See Remarks
    Sold
    Date
    2 June 2026
    Shares
    2,087
    Price
    $188.00
    Value
    $392,356
  • VONDRASEK MARK R
    See Remarks
    Sold
    Date
    29 May 2026
    Shares
    8,200
    Price
    $185.26
    Value
    $2m
  • Sears Peter
    See Remarks
    Sold
    Date
    29 May 2026
    Shares
    10,217
    Price
    $185.66
    Value
    $2m
  • MCMILLAN CARY D
    Director
    Sold
    Date
    22 May 2026
    Shares
    1,119
    Price
    $174.96
    Value
    $195,780
  • KRONICK SUSAN D
    Director
    Sold
    under a preset trading plan
    Date
    22 May 2026
    Shares
    1,119
    Price
    $174.51
    Value
    $195,280

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 13 Feb 2026, plus the 10-Q filed 30 Jul 2026 and 6 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

  • It isn't cheap on profits: 35.3× operating profit.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
Create a free account to run it

Your first deep dive is free.

What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.