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Side-by-side financial comparison of Hyatt Hotels Corp (H) and Primo Brands Corp (PRMB). 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 1.2× Primo Brands Corp). Primo Brands Corp runs the higher net margin — -0.8% vs -1.1%, a 0.3% gap on every dollar of revenue. Hyatt Hotels Corp produced more free cash flow last quarter ($236.0M vs $57.3M).
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.
Primo Brands Corporation is an American-Canadian water company offering multi-gallon bottled water, water dispensers, self-service refill water machines, and water filtration appliances. The company is headquartered in Tampa, Florida, and services residential and commercial customers across the United States, Canada, Europe and Israel.
H vs PRMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.6B |
| Net Profit | $-20.0M | $-13.0M |
| Gross Margin | — | 27.7% |
| Operating Margin | 0.4% | 1.2% |
| Net Margin | -1.1% | -0.8% |
| Revenue YoY | 11.7% | — |
| Net Profit YoY | 64.3% | — |
| EPS (diluted) | $-0.20 | $-0.03 |
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.
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $1.8B | $1.7B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $0 | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.7B | $1.1B |
| Q4 25 | $-20.0M | $-13.0M | ||
| Q3 25 | $-49.0M | $16.8M | ||
| Q2 25 | $-3.0M | $27.6M | ||
| Q1 25 | $20.0M | $28.7M | ||
| Q4 24 | $-56.0M | — | ||
| Q3 24 | $471.0M | $-2.0K | ||
| Q2 24 | $359.0M | $54.5M | ||
| Q1 24 | $522.0M | $33.5M |
| Q4 25 | — | 27.7% | ||
| Q3 25 | — | 29.9% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 32.7% | ||
| Q1 24 | — | 30.4% |
| Q4 25 | 0.4% | 1.2% | ||
| Q3 25 | -1.0% | 8.3% | ||
| Q2 25 | 2.1% | 6.5% | ||
| Q1 25 | 3.0% | 9.5% | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | 37.3% | — | ||
| Q2 24 | 27.1% | 12.1% | ||
| Q1 24 | 31.6% | 11.0% |
| Q4 25 | -1.1% | -0.8% | ||
| Q3 25 | -2.7% | 1.0% | ||
| Q2 25 | -0.2% | 1.6% | ||
| Q1 25 | 1.2% | 1.8% | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | 28.9% | — | ||
| Q2 24 | 21.1% | 4.1% | ||
| Q1 24 | 30.5% | 2.9% |
| Q4 25 | $-0.20 | $-0.03 | ||
| Q3 25 | $-0.51 | $0.04 | ||
| Q2 25 | $-0.03 | $0.07 | ||
| Q1 25 | $0.19 | $0.08 | ||
| Q4 24 | $-0.37 | — | ||
| Q3 24 | $4.63 | $-20.00 | ||
| Q2 24 | $3.46 | $0.25 | ||
| Q1 24 | $4.93 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $813.0M | $376.7M |
| Total DebtLower is stronger | — | $5.2B |
| Stockholders' EquityBook value | $3.3B | $3.0B |
| Total Assets | $14.0B | $10.6B |
| Debt / EquityLower = less leverage | — | 1.72× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $813.0M | $376.7M | ||
| Q3 25 | $749.0M | — | ||
| Q2 25 | $912.0M | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $794.0M | — |
| Q4 25 | — | $5.2B | ||
| Q3 25 | $6.0B | $5.1B | ||
| Q2 25 | $6.0B | $5.1B | ||
| Q1 25 | $4.3B | $5.0B | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.1B | — |
| Q4 25 | $3.3B | $3.0B | ||
| Q3 25 | $3.5B | $3.2B | ||
| Q2 25 | $3.6B | $3.2B | ||
| Q1 25 | $3.5B | $3.3B | ||
| Q4 24 | $3.5B | — | ||
| Q3 24 | $3.7B | $-2.0K | ||
| Q2 24 | $3.9B | $-296.8M | ||
| Q1 24 | $3.7B | $-349.8M |
| Q4 25 | $14.0B | $10.6B | ||
| Q3 25 | $15.7B | $11.0B | ||
| Q2 25 | $15.9B | $11.0B | ||
| Q1 25 | $14.0B | $11.0B | ||
| Q4 24 | $13.3B | — | ||
| Q3 24 | $11.9B | $0 | ||
| Q2 24 | $12.8B | — | ||
| Q1 24 | $11.7B | — |
| Q4 25 | — | 1.72× | ||
| Q3 25 | 1.73× | 1.61× | ||
| Q2 25 | 1.69× | 1.57× | ||
| Q1 25 | 1.25× | 1.51× | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 1.01× | — | ||
| Q1 24 | 0.84× | — |
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 | $203.1M |
| Free Cash FlowOCF − Capex | $236.0M | $57.3M |
| FCF MarginFCF / Revenue | 13.2% | 3.7% |
| Capex IntensityCapex / Revenue | 4.3% | 9.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $159.0M | $302.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $313.0M | $203.1M | ||
| Q3 25 | $-20.0M | $283.4M | ||
| Q2 25 | $-67.0M | $155.0M | ||
| Q1 25 | $153.0M | $38.8M | ||
| Q4 24 | $235.0M | — | ||
| Q3 24 | $-21.0M | $0 | ||
| Q2 24 | $177.0M | $102.5M | ||
| Q1 24 | $242.0M | $6.0M |
| Q4 25 | $236.0M | $57.3M | ||
| Q3 25 | $-89.0M | $167.7M | ||
| Q2 25 | $-111.0M | $101.1M | ||
| Q1 25 | $123.0M | $-23.2M | ||
| Q4 24 | $184.0M | — | ||
| Q3 24 | $-64.0M | — | ||
| Q2 24 | $135.0M | $61.4M | ||
| Q1 24 | $208.0M | $-17.5M |
| Q4 25 | 13.2% | 3.7% | ||
| Q3 25 | -5.0% | 9.5% | ||
| Q2 25 | -6.1% | 5.8% | ||
| Q1 25 | 7.2% | -1.4% | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | -3.9% | — | ||
| Q2 24 | 7.9% | 4.7% | ||
| Q1 24 | 12.1% | -1.5% |
| Q4 25 | 4.3% | 9.4% | ||
| Q3 25 | 3.9% | 6.6% | ||
| Q2 25 | 2.4% | 3.1% | ||
| Q1 25 | 1.7% | 3.8% | ||
| Q4 24 | 3.2% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 2.5% | 3.1% | ||
| Q1 24 | 2.0% | 2.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 16.87× | ||
| Q2 25 | — | 5.62× | ||
| Q1 25 | 7.65× | 1.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.04× | — | ||
| Q2 24 | 0.49× | 1.88× | ||
| Q1 24 | 0.46× | 0.18× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
