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Side-by-side financial comparison of Host Hotels & Resorts (HST) and Willis Towers Watson (WTW). Click either name above to swap in a different company.

Willis Towers Watson is the larger business by last-quarter revenue ($2.9B vs $1.6B, roughly 1.8× Host Hotels & Resorts). Willis Towers Watson runs the higher net margin — 25.5% vs 8.4%, a 17.1% gap on every dollar of revenue. On growth, Host Hotels & Resorts posted the faster year-over-year revenue change (12.3% vs -3.5%). Willis Towers Watson produced more free cash flow last quarter ($708.0M vs $445.0M). Over the past eight quarters, Willis Towers Watson's revenue compounded faster (12.0% CAGR vs 4.4%).

Host Hotels & Resorts, Inc., based in Bethesda, Maryland, is an American real estate investment trust that invests in hotels. As of December 31, 2024, the company owned 81 upscale hotels containing about 43,400 rooms in the United States, Brazil, and Canada.

Willis Towers Watson plc is a British-American multinational advisory, broking and solutions company. Its operations span commercial insurance brokerage and risk advisory, employee benefits and rewards consulting, retirement and actuarial services, and investment advice for pension funds and institutional investors.

HST vs WTW — Head-to-Head

Bigger by revenue
WTW
WTW
1.8× larger
WTW
$2.9B
$1.6B
HST
Growing faster (revenue YoY)
HST
HST
+15.8% gap
HST
12.3%
-3.5%
WTW
Higher net margin
WTW
WTW
17.1% more per $
WTW
25.5%
8.4%
HST
More free cash flow
WTW
WTW
$263.0M more FCF
WTW
$708.0M
$445.0M
HST
Faster 2-yr revenue CAGR
WTW
WTW
Annualised
WTW
12.0%
4.4%
HST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HST
HST
WTW
WTW
Revenue
$1.6B
$2.9B
Net Profit
$135.0M
$735.0M
Gross Margin
Operating Margin
12.0%
35.3%
Net Margin
8.4%
25.5%
Revenue YoY
12.3%
-3.5%
Net Profit YoY
25.0%
-41.0%
EPS (diluted)
$0.20
$7.50

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
HST
HST
WTW
WTW
Q4 25
$1.6B
$2.9B
Q3 25
$1.3B
$2.2B
Q2 25
$1.6B
$2.2B
Q1 25
$1.6B
$2.2B
Q4 24
$1.4B
$3.0B
Q3 24
$1.3B
$2.2B
Q2 24
$1.5B
$2.2B
Q1 24
$1.5B
$2.3B
Net Profit
HST
HST
WTW
WTW
Q4 25
$135.0M
$735.0M
Q3 25
$161.0M
$304.0M
Q2 25
$221.0M
$331.0M
Q1 25
$248.0M
$235.0M
Q4 24
$108.0M
$1.2B
Q3 24
$82.0M
$-1.7B
Q2 24
$239.0M
$141.0M
Q1 24
$268.0M
$190.0M
Operating Margin
HST
HST
WTW
WTW
Q4 25
12.0%
35.3%
Q3 25
7.6%
18.7%
Q2 25
17.5%
16.6%
Q1 25
17.9%
19.8%
Q4 24
11.0%
30.2%
Q3 24
10.2%
-34.2%
Q2 24
19.9%
9.6%
Q1 24
19.8%
12.2%
Net Margin
HST
HST
WTW
WTW
Q4 25
8.4%
25.5%
Q3 25
12.1%
13.6%
Q2 25
13.9%
14.9%
Q1 25
15.6%
10.8%
Q4 24
7.6%
41.7%
Q3 24
6.2%
-74.8%
Q2 24
16.3%
6.4%
Q1 24
18.2%
8.3%
EPS (diluted)
HST
HST
WTW
WTW
Q4 25
$0.20
$7.50
Q3 25
$0.23
$3.11
Q2 25
$0.32
$3.32
Q1 25
$0.35
$2.33
Q4 24
$0.15
$12.29
Q3 24
$0.12
$-16.44
Q2 24
$0.34
$1.36
Q1 24
$0.38
$1.83

Balance Sheet & Financial Strength

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

Metric
HST
HST
WTW
WTW
Cash + ST InvestmentsLiquidity on hand
$768.0M
$3.2B
Total DebtLower is stronger
$1.3B
$9.7B
Stockholders' EquityBook value
$6.6B
$8.0B
Total Assets
$13.0B
$29.5B
Debt / EquityLower = less leverage
0.19×
1.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HST
HST
WTW
WTW
Q4 25
$768.0M
$3.2B
Q3 25
$539.0M
$1.9B
Q2 25
$490.0M
$2.0B
Q1 25
$428.0M
$1.5B
Q4 24
$554.0M
$1.9B
Q3 24
$564.0M
$1.4B
Q2 24
$805.0M
$1.2B
Q1 24
$1.3B
$1.9B
Total Debt
HST
HST
WTW
WTW
Q4 25
$1.3B
$9.7B
Q3 25
Q2 25
Q1 25
Q4 24
$896.0M
$8.6B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HST
HST
WTW
WTW
Q4 25
$6.6B
$8.0B
Q3 25
$6.7B
$7.7B
Q2 25
$6.6B
$8.1B
Q1 25
$6.7B
$8.1B
Q4 24
$6.6B
$7.9B
Q3 24
$6.7B
$7.5B
Q2 24
$6.8B
$9.3B
Q1 24
$6.7B
$9.5B
Total Assets
HST
HST
WTW
WTW
Q4 25
$13.0B
$29.5B
Q3 25
$13.0B
$27.4B
Q2 25
$13.0B
$28.5B
Q1 25
$12.9B
$28.1B
Q4 24
$13.0B
$27.7B
Q3 24
$13.1B
$27.2B
Q2 24
$12.4B
$29.6B
Q1 24
$12.5B
$30.2B
Debt / Equity
HST
HST
WTW
WTW
Q4 25
0.19×
1.21×
Q3 25
Q2 25
Q1 25
Q4 24
0.14×
1.08×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
HST
HST
WTW
WTW
Operating Cash FlowLast quarter
$543.0M
$771.0M
Free Cash FlowOCF − Capex
$445.0M
$708.0M
FCF MarginFCF / Revenue
27.8%
24.6%
Capex IntensityCapex / Revenue
6.1%
2.2%
Cash ConversionOCF / Net Profit
4.02×
1.05×
TTM Free Cash FlowTrailing 4 quarters
$1.2B
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HST
HST
WTW
WTW
Q4 25
$543.0M
$771.0M
Q3 25
$218.0M
$678.0M
Q2 25
$444.0M
$361.0M
Q1 25
$305.0M
$-35.0M
Q4 24
$331.0M
$599.0M
Q3 24
$349.0M
$482.0M
Q2 24
$453.0M
$407.0M
Q1 24
$365.0M
$24.0M
Free Cash Flow
HST
HST
WTW
WTW
Q4 25
$445.0M
$708.0M
Q3 25
$143.0M
$621.0M
Q2 25
$381.0M
$303.0M
Q1 25
$259.0M
$-86.0M
Q4 24
$235.0M
$543.0M
Q3 24
$262.0M
$419.0M
Q2 24
$409.0M
$341.0M
Q1 24
$332.0M
$-36.0M
FCF Margin
HST
HST
WTW
WTW
Q4 25
27.8%
24.6%
Q3 25
10.7%
27.7%
Q2 25
24.0%
13.7%
Q1 25
16.2%
-3.9%
Q4 24
16.5%
18.2%
Q3 24
19.9%
18.7%
Q2 24
27.9%
15.4%
Q1 24
22.6%
-1.6%
Capex Intensity
HST
HST
WTW
WTW
Q4 25
6.1%
2.2%
Q3 25
5.6%
2.5%
Q2 25
4.0%
2.6%
Q1 25
2.9%
2.3%
Q4 24
6.7%
1.9%
Q3 24
6.6%
2.8%
Q2 24
3.0%
3.0%
Q1 24
2.2%
2.6%
Cash Conversion
HST
HST
WTW
WTW
Q4 25
4.02×
1.05×
Q3 25
1.35×
2.23×
Q2 25
2.01×
1.09×
Q1 25
1.23×
-0.15×
Q4 24
3.06×
0.48×
Q3 24
4.26×
Q2 24
1.90×
2.89×
Q1 24
1.36×
0.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HST
HST

Segment breakdown not available.

WTW
WTW

Health Wealth And Career$1.7B58%
GB$566.0M20%
Broking$465.0M16%
Other$113.0M4%
December Thirty One Two Thousand And Twenty Four$67.0M2%
IE$38.0M1%

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