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Side-by-side financial comparison of Hilton Worldwide (HLT) and Vertiv Holdings Co (VRT). Click either name above to swap in a different company.

Hilton Worldwide is the larger business by last-quarter revenue ($2.9B vs $2.6B, roughly 1.1× Vertiv Holdings Co). Vertiv Holdings Co runs the higher net margin — 14.7% vs 13.0%, a 1.7% gap on every dollar of revenue. On growth, Vertiv Holdings Co posted the faster year-over-year revenue change (30.1% vs 9.0%). Over the past eight quarters, Vertiv Holdings Co's revenue compounded faster (16.5% CAGR vs -0.2%).

Hilton Worldwide Holdings Inc. is an American multinational hospitality company that manages and franchises a broad portfolio of hotels, resorts, and timeshare properties. Founded by Conrad Hilton in May 1919, the company is now led by Christopher J. Nassetta. Hilton is headquartered in Tysons, Virginia, United States.

Vertiv is an American multinational provider of critical infrastructure and services for data centers, communication networks, and commercial and industrial environments.

HLT vs VRT — Head-to-Head

Bigger by revenue
HLT
HLT
1.1× larger
HLT
$2.9B
$2.6B
VRT
Growing faster (revenue YoY)
VRT
VRT
+21.2% gap
VRT
30.1%
9.0%
HLT
Higher net margin
VRT
VRT
1.7% more per $
VRT
14.7%
13.0%
HLT
Faster 2-yr revenue CAGR
VRT
VRT
Annualised
VRT
16.5%
-0.2%
HLT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
HLT
HLT
VRT
VRT
Revenue
$2.9B
$2.6B
Net Profit
$383.0M
$390.1M
Gross Margin
37.7%
Operating Margin
23.1%
Net Margin
13.0%
14.7%
Revenue YoY
9.0%
30.1%
Net Profit YoY
27.7%
EPS (diluted)
$1.66
$0.99

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
HLT
HLT
VRT
VRT
Q1 26
$2.9B
$2.6B
Q4 25
$3.1B
$2.9B
Q3 25
$3.1B
$2.7B
Q2 25
$3.1B
$2.6B
Q1 25
$2.7B
$2.0B
Q4 24
$2.8B
$2.3B
Q3 24
$2.9B
$2.1B
Q2 24
$3.0B
$2.0B
Net Profit
HLT
HLT
VRT
VRT
Q1 26
$383.0M
$390.1M
Q4 25
$297.0M
$445.6M
Q3 25
$420.0M
$398.5M
Q2 25
$440.0M
$324.2M
Q1 25
$300.0M
$164.5M
Q4 24
$505.0M
$147.0M
Q3 24
$344.0M
$176.6M
Q2 24
$421.0M
$178.1M
Gross Margin
HLT
HLT
VRT
VRT
Q1 26
37.7%
Q4 25
38.9%
Q3 25
37.8%
Q2 25
34.0%
Q1 25
33.7%
Q4 24
37.1%
Q3 24
36.5%
Q2 24
38.0%
Operating Margin
HLT
HLT
VRT
VRT
Q1 26
23.1%
Q4 25
19.5%
20.1%
Q3 25
24.9%
19.3%
Q2 25
24.8%
16.8%
Q1 25
19.9%
14.3%
Q4 24
17.6%
19.5%
Q3 24
21.7%
17.9%
Q2 24
24.6%
17.2%
Net Margin
HLT
HLT
VRT
VRT
Q1 26
13.0%
14.7%
Q4 25
9.6%
15.5%
Q3 25
13.5%
14.9%
Q2 25
14.0%
12.3%
Q1 25
11.1%
8.1%
Q4 24
18.1%
6.3%
Q3 24
12.0%
8.5%
Q2 24
14.3%
9.1%
EPS (diluted)
HLT
HLT
VRT
VRT
Q1 26
$1.66
$0.99
Q4 25
$1.27
$1.14
Q3 25
$1.78
$1.02
Q2 25
$1.84
$0.83
Q1 25
$1.23
$0.42
Q4 24
$2.05
$0.38
Q3 24
$1.38
$0.46
Q2 24
$1.67
$0.46

Balance Sheet & Financial Strength

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

Metric
HLT
HLT
VRT
VRT
Cash + ST InvestmentsLiquidity on hand
$2.5B
Total DebtLower is stronger
$12.4M
$0
Stockholders' EquityBook value
$4.2B
Total Assets
$13.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HLT
HLT
VRT
VRT
Q1 26
$2.5B
Q4 25
$918.0M
$1.7B
Q3 25
$1.1B
$1.4B
Q2 25
$371.0M
$1.6B
Q1 25
$731.0M
$1.5B
Q4 24
$1.3B
$1.2B
Q3 24
$1.6B
$908.7M
Q2 24
$731.0M
$579.7M
Total Debt
HLT
HLT
VRT
VRT
Q1 26
$12.4M
$0
Q4 25
$12.3B
$2.9B
Q3 25
$11.6B
$2.9B
Q2 25
$10.9B
$2.9B
Q1 25
$10.6B
$2.9B
Q4 24
$10.6B
$2.9B
Q3 24
$10.6B
$2.9B
Q2 24
$9.6B
$2.9B
Stockholders' Equity
HLT
HLT
VRT
VRT
Q1 26
$4.2B
Q4 25
$-5.4B
$3.9B
Q3 25
$-4.9B
$3.5B
Q2 25
$-4.6B
$3.1B
Q1 25
$-4.4B
$2.7B
Q4 24
$-3.7B
$2.4B
Q3 24
$-3.5B
$1.8B
Q2 24
$-3.1B
$1.5B
Total Assets
HLT
HLT
VRT
VRT
Q1 26
$13.4B
Q4 25
$16.8B
$12.2B
Q3 25
$16.6B
$10.8B
Q2 25
$15.9B
$10.4B
Q1 25
$16.0B
$9.5B
Q4 24
$16.5B
$9.1B
Q3 24
$16.7B
$8.9B
Q2 24
$15.7B
$8.1B
Debt / Equity
HLT
HLT
VRT
VRT
Q1 26
0.00×
Q4 25
0.74×
Q3 25
0.83×
Q2 25
0.93×
Q1 25
1.10×
Q4 24
1.20×
Q3 24
1.62×
Q2 24
1.91×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HLT
HLT
VRT
VRT
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$652.8M
FCF MarginFCF / Revenue
24.6%
Capex IntensityCapex / Revenue
0.3%
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HLT
HLT
VRT
VRT
Q1 26
Q4 25
$203.0M
$978.9M
Q3 25
$816.0M
$508.7M
Q2 25
$658.0M
$322.9M
Q1 25
$452.0M
$303.3M
Q4 24
$582.0M
$425.2M
Q3 24
$664.0M
$378.2M
Q2 24
$421.0M
$378.4M
Free Cash Flow
HLT
HLT
VRT
VRT
Q1 26
$652.8M
Q4 25
$173.0M
$885.6M
Q3 25
$787.0M
$463.5M
Q2 25
$635.0M
$277.9M
Q1 25
$433.0M
$266.8M
Q4 24
$534.0M
$364.5M
Q3 24
$647.0M
$341.8M
Q2 24
$406.0M
$344.3M
FCF Margin
HLT
HLT
VRT
VRT
Q1 26
24.6%
Q4 25
5.6%
30.8%
Q3 25
25.2%
17.3%
Q2 25
20.2%
10.5%
Q1 25
16.1%
13.1%
Q4 24
19.2%
15.5%
Q3 24
22.6%
16.5%
Q2 24
13.8%
17.6%
Capex Intensity
HLT
HLT
VRT
VRT
Q1 26
0.3%
4.2%
Q4 25
1.0%
3.2%
Q3 25
0.9%
1.7%
Q2 25
0.7%
1.7%
Q1 25
0.7%
1.8%
Q4 24
1.7%
2.6%
Q3 24
0.6%
1.8%
Q2 24
0.5%
1.7%
Cash Conversion
HLT
HLT
VRT
VRT
Q1 26
Q4 25
0.68×
2.20×
Q3 25
1.94×
1.28×
Q2 25
1.50×
1.00×
Q1 25
1.51×
1.84×
Q4 24
1.15×
2.89×
Q3 24
1.93×
2.14×
Q2 24
1.00×
2.12×

Financial Flow Comparison

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

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