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Side-by-side financial comparison of Hyatt Hotels Corp (H) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.

Hyatt Hotels Corp is the larger business by last-quarter revenue ($1.8B vs $1.3B, roughly 1.4× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs -1.1%, a 17.7% gap on every dollar of revenue. On growth, Hyatt Hotels Corp posted the faster year-over-year revenue change (11.7% vs 11.1%). Qnity Electronics, Inc. produced more free cash flow last quarter ($568.0M vs $236.0M).

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.

H vs Q — Head-to-Head

Bigger by revenue
H
H
1.4× larger
H
$1.8B
$1.3B
Q
Growing faster (revenue YoY)
H
H
+0.5% gap
H
11.7%
11.1%
Q
Higher net margin
Q
Q
17.7% more per $
Q
16.5%
-1.1%
H
More free cash flow
Q
Q
$332.0M more FCF
Q
$568.0M
$236.0M
H

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
H
H
Q
Q
Revenue
$1.8B
$1.3B
Net Profit
$-20.0M
$211.0M
Gross Margin
45.1%
Operating Margin
0.4%
21.3%
Net Margin
-1.1%
16.5%
Revenue YoY
11.7%
11.1%
Net Profit YoY
64.3%
6.0%
EPS (diluted)
$-0.20
$1.01

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.

Revenue
H
H
Q
Q
Q4 25
$1.8B
Q3 25
$1.8B
$1.3B
Q2 25
$1.8B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.6B
$1.1B
Q2 24
$1.7B
Q1 24
$1.7B
Net Profit
H
H
Q
Q
Q4 25
$-20.0M
Q3 25
$-49.0M
$211.0M
Q2 25
$-3.0M
Q1 25
$20.0M
Q4 24
$-56.0M
Q3 24
$471.0M
$199.0M
Q2 24
$359.0M
Q1 24
$522.0M
Gross Margin
H
H
Q
Q
Q4 25
Q3 25
45.1%
Q2 25
Q1 25
Q4 24
Q3 24
47.0%
Q2 24
Q1 24
Operating Margin
H
H
Q
Q
Q4 25
0.4%
Q3 25
-1.0%
21.3%
Q2 25
2.1%
Q1 25
3.0%
Q4 24
-3.0%
Q3 24
37.3%
21.8%
Q2 24
27.1%
Q1 24
31.6%
Net Margin
H
H
Q
Q
Q4 25
-1.1%
Q3 25
-2.7%
16.5%
Q2 25
-0.2%
Q1 25
1.2%
Q4 24
-3.5%
Q3 24
28.9%
17.3%
Q2 24
21.1%
Q1 24
30.5%
EPS (diluted)
H
H
Q
Q
Q4 25
$-0.20
Q3 25
$-0.51
$1.01
Q2 25
$-0.03
Q1 25
$0.19
Q4 24
$-0.37
Q3 24
$4.63
$0.95
Q2 24
$3.46
Q1 24
$4.93

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
H
H
Q
Q
Cash + ST InvestmentsLiquidity on hand
$813.0M
$128.0M
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$3.3B
$9.1B
Total Assets
$14.0B
$12.5B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
H
H
Q
Q
Q4 25
$813.0M
Q3 25
$749.0M
$128.0M
Q2 25
$912.0M
Q1 25
$1.8B
Q4 24
$1.4B
Q3 24
$1.1B
Q2 24
$2.0B
Q1 24
$794.0M
Total Debt
H
H
Q
Q
Q4 25
Q3 25
$6.0B
$1.7B
Q2 25
$6.0B
Q1 25
$4.3B
Q4 24
$3.8B
Q3 24
$3.1B
Q2 24
$3.9B
Q1 24
$3.1B
Stockholders' Equity
H
H
Q
Q
Q4 25
$3.3B
Q3 25
$3.5B
$9.1B
Q2 25
$3.6B
Q1 25
$3.5B
Q4 24
$3.5B
Q3 24
$3.7B
$11.1B
Q2 24
$3.9B
Q1 24
$3.7B
Total Assets
H
H
Q
Q
Q4 25
$14.0B
Q3 25
$15.7B
$12.5B
Q2 25
$15.9B
Q1 25
$14.0B
Q4 24
$13.3B
Q3 24
$11.9B
Q2 24
$12.8B
Q1 24
$11.7B
Debt / Equity
H
H
Q
Q
Q4 25
Q3 25
1.73×
0.19×
Q2 25
1.69×
Q1 25
1.25×
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
H
H
Q
Q
Operating Cash FlowLast quarter
$313.0M
$782.0M
Free Cash FlowOCF − Capex
$236.0M
$568.0M
FCF MarginFCF / Revenue
13.2%
44.5%
Capex IntensityCapex / Revenue
4.3%
16.8%
Cash ConversionOCF / Net Profit
3.71×
TTM Free Cash FlowTrailing 4 quarters
$159.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
H
H
Q
Q
Q4 25
$313.0M
Q3 25
$-20.0M
$782.0M
Q2 25
$-67.0M
Q1 25
$153.0M
Q4 24
$235.0M
Q3 24
$-21.0M
Q2 24
$177.0M
Q1 24
$242.0M
Free Cash Flow
H
H
Q
Q
Q4 25
$236.0M
Q3 25
$-89.0M
$568.0M
Q2 25
$-111.0M
Q1 25
$123.0M
Q4 24
$184.0M
Q3 24
$-64.0M
Q2 24
$135.0M
Q1 24
$208.0M
FCF Margin
H
H
Q
Q
Q4 25
13.2%
Q3 25
-5.0%
44.5%
Q2 25
-6.1%
Q1 25
7.2%
Q4 24
11.5%
Q3 24
-3.9%
Q2 24
7.9%
Q1 24
12.1%
Capex Intensity
H
H
Q
Q
Q4 25
4.3%
Q3 25
3.9%
16.8%
Q2 25
2.4%
Q1 25
1.7%
Q4 24
3.2%
Q3 24
2.6%
Q2 24
2.5%
Q1 24
2.0%
Cash Conversion
H
H
Q
Q
Q4 25
Q3 25
3.71×
Q2 25
Q1 25
7.65×
Q4 24
Q3 24
-0.04×
Q2 24
0.49×
Q1 24
0.46×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

H
H

Other$627.0M35%
Rooms Revenue$326.0M18%
Net Fees$290.0M16%
Distribution Segment$177.0M10%
Franchise And Other Fees$114.0M6%
Base Management Fees$112.0M6%
Incentive Management Fees$81.0M5%
Other Owned And Leased Hotel Revenue$41.0M2%
Contra Revenue$17.0M1%
Other Revenues$4.0M0%

Q
Q

Semiconductor Technologies$693.0M54%
Interconnect Solutions$583.0M46%

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