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Side-by-side financial comparison of Digital Realty (DLR) and Hyatt Hotels Corp (H). Click either name above to swap in a different company.
Hyatt Hotels Corp is the larger business by last-quarter revenue ($1.8B vs $1.6B, roughly 1.1× Digital Realty). Digital Realty runs the higher net margin — 6.0% vs -1.1%, a 7.2% gap on every dollar of revenue. On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 11.7%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% CAGR vs 2.2%).
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
DLR vs H — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.8B |
| Net Profit | $98.6M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | 6.9% | 0.4% |
| Net Margin | 6.0% | -1.1% |
| Revenue YoY | 16.1% | 11.7% |
| Net Profit YoY | -10.3% | 64.3% |
| EPS (diluted) | $0.22 | $-0.20 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.6B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.4B | $1.7B |
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $-20.0M | ||
| Q3 25 | $67.8M | $-49.0M | ||
| Q2 25 | $1.0B | $-3.0M | ||
| Q1 25 | $110.0M | $20.0M | ||
| Q4 24 | $189.6M | $-56.0M | ||
| Q3 24 | $51.2M | $471.0M | ||
| Q2 24 | $80.2M | $359.0M |
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 0.4% | ||
| Q3 25 | 8.8% | -1.0% | ||
| Q2 25 | 14.2% | 2.1% | ||
| Q1 25 | 13.9% | 3.0% | ||
| Q4 24 | 10.1% | -3.0% | ||
| Q3 24 | 11.8% | 37.3% | ||
| Q2 24 | 0.7% | 27.1% |
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | -1.1% | ||
| Q3 25 | 4.3% | -2.7% | ||
| Q2 25 | 69.1% | -0.2% | ||
| Q1 25 | 7.8% | 1.2% | ||
| Q4 24 | 13.2% | -3.5% | ||
| Q3 24 | 3.6% | 28.9% | ||
| Q2 24 | 5.9% | 21.1% |
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $-0.20 | ||
| Q3 25 | $0.15 | $-0.51 | ||
| Q2 25 | $2.94 | $-0.03 | ||
| Q1 25 | $0.27 | $0.19 | ||
| Q4 24 | $0.50 | $-0.37 | ||
| Q3 24 | $0.09 | $4.63 | ||
| Q2 24 | $0.20 | $3.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.5B | $813.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $22.9B | $3.3B |
| Total Assets | $49.4B | $14.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $813.0M | ||
| Q3 25 | $3.3B | $749.0M | ||
| Q2 25 | $3.6B | $912.0M | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $3.9B | $1.4B | ||
| Q3 24 | $2.2B | $1.1B | ||
| Q2 24 | $2.3B | $2.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $6.0B | ||
| Q2 25 | — | $6.0B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $3.8B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.9B |
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $3.3B | ||
| Q3 25 | $23.0B | $3.5B | ||
| Q2 25 | $22.9B | $3.6B | ||
| Q1 25 | $21.3B | $3.5B | ||
| Q4 24 | $21.3B | $3.5B | ||
| Q3 24 | $21.2B | $3.7B | ||
| Q2 24 | $20.5B | $3.9B |
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $14.0B | ||
| Q3 25 | $48.7B | $15.7B | ||
| Q2 25 | $48.7B | $15.9B | ||
| Q1 25 | $45.1B | $14.0B | ||
| Q4 24 | $45.3B | $13.3B | ||
| Q3 24 | $45.3B | $11.9B | ||
| Q2 24 | $43.6B | $12.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.73× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.07× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | — | 1.01× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $313.0M |
| Free Cash FlowOCF − Capex | — | $236.0M |
| FCF MarginFCF / Revenue | — | 13.2% |
| Capex IntensityCapex / Revenue | — | 4.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $159.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $313.0M | ||
| Q3 25 | $652.9M | $-20.0M | ||
| Q2 25 | $641.2M | $-67.0M | ||
| Q1 25 | $399.1M | $153.0M | ||
| Q4 24 | $769.5M | $235.0M | ||
| Q3 24 | $566.5M | $-21.0M | ||
| Q2 24 | $573.2M | $177.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $236.0M | ||
| Q3 25 | — | $-89.0M | ||
| Q2 25 | — | $-111.0M | ||
| Q1 25 | — | $123.0M | ||
| Q4 24 | — | $184.0M | ||
| Q3 24 | — | $-64.0M | ||
| Q2 24 | — | $135.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | -5.0% | ||
| Q2 25 | — | -6.1% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | — | 11.5% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | 7.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.3% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | — | ||
| Q3 25 | 9.63× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 3.63× | 7.65× | ||
| Q4 24 | 4.06× | — | ||
| Q3 24 | 11.07× | -0.04× | ||
| Q2 24 | 7.15× | 0.49× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLR
Segment breakdown not available.
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
