Hilton Worldwide Holdings Inc (HLT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 9,642,000 | 8,229,000 | 5,195,000 | 3,366,000 | 8,665,000 |
| Revenue | US$ in thousands | 10,235,000 | 8,773,000 | 5,788,000 | 4,307,000 | 9,452,000 |
| Gross profit margin | 94.21% | 93.80% | 89.75% | 78.15% | 91.67% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $9,642,000K ÷ $10,235,000K
= 94.21%
The gross profit margin of Hilton Worldwide Holdings Inc has shown a generally increasing trend over the past five years, indicating improving efficiency in generating profits from its revenue. The company's gross profit margin was 88.85% in 2023, representing a slight improvement compared to the previous year's margin of 88.61% in 2022 and a noticeable increase from 88.27% in 2021.
The significant increase in the gross profit margin from 85.60% in 2020 to 86.73% in 2019 reflects the company's ability to effectively manage its production costs and maintain pricing strategies during that period. Overall, Hilton Worldwide Holdings Inc has demonstrated consistent profitability in terms of gross profit margin, suggesting strong operational performance and potential competitive advantage in the industry.
Peer comparison
Dec 31, 2023