Hilltop Holdings Inc Financials
This page shows Hilltop Holdings Inc (HTH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Small asset returns are being amplified by a large balance sheet, while cash conversion weakened sharply in FY2025.
FY2025 net income improved to$166M , but operating cash flow turned negative and free cash flow followed after both were positive in FY2024. That gap matters because ROA was only1.1% on a very large asset base, so this leveraged balance-sheet model depends on earnings arriving as cash, not just being recorded.
Leverage eased from 7.0x in FY2022 to 6.3x in FY2025. Because equity stayed near
Interest expense in FY2025 was
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Hilltop Holdings Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Hilltop Holdings Inc's revenue declined 6.3% year-over-year, from $836.4M to $784.0M. This contraction results in a growth score of 28/100.
Hilltop Holdings Inc has elevated debt relative to equity (D/E of 6.29), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
While Hilltop Holdings Inc generated -$38.7M in operating cash flow, capex of $16.8M consumed most of it, leaving -$55.5M in free cash flow. This results in a low score of 66/100, reflecting heavy capital investment rather than weak cash generation.
Hilltop Holdings Inc generates a 7.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 25/100. This is up from 5.2% the prior year.
Hilltop Holdings Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Hilltop Holdings Inc generates $-0.23 in operating cash flow (-$38.7M OCF vs $166.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Hilltop Holdings Inc generated $784.0M in revenue in fiscal year 2025. This represents a decrease of 6.3% from the prior year.
Hilltop Holdings Inc reported $166.0M in net income in fiscal year 2025. This represents an increase of 46.9% from the prior year.
Hilltop Holdings Inc earned $2.64 per diluted share (EPS) in fiscal year 2025. This represents an increase of 51.7% from the prior year.
Cash & Balance Sheet
Hilltop Holdings Inc generated -$55.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 120.8% from the prior year.
Hilltop Holdings Inc held $1.3B in cash against $0 in long-term debt as of fiscal year 2025.
Hilltop Holdings Inc paid $0.72 per share in dividends in fiscal year 2025. This represents an increase of 5.9% from the prior year.
Hilltop Holdings Inc had 59M shares outstanding in fiscal year 2025. This represents a decrease of 8.3% from the prior year.
Margins & Returns
Hilltop Holdings Inc's net profit margin was 21.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.7 percentage points from the prior year.
Hilltop Holdings Inc's ROE was 7.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.5 percentage points from the prior year.
Capital Allocation
Hilltop Holdings Inc spent $184.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 826.5% from the prior year.
Hilltop Holdings Inc invested $16.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 136.1% from the prior year.
HTH Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $184.3M-4.9% | $193.8M-3.2% | $200.3M+1.6% | $197.2M+2.3% | $192.8M-7.6% | $208.6M-1.2% | $211.0M+1.9% | $207.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $169.0M-37.2% | $268.9M+41.5% | $190.0M+7.7% | $176.4M+0.1% | $176.2M-32.9% | $262.8M+47.6% | $178.0M+4.7% | $170.0M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $72.2M-11.2% | $81.3M-7.5% | $87.9M+1.6% | $86.5M-1.3% | $87.7M-15.0% | $103.1M-2.7% | $106.0M+2.4% | $103.5M |
| Income Tax | $11.4M+11.8% | $10.2M-27.7% | $14.1M+22.0% | $11.6M-11.7% | $13.1M+108.7% | $6.3M-34.1% | $9.5M+43.3% | $6.7M |
| Net Income | $37.8M-9.0% | $41.6M-9.2% | $45.8M+27.0% | $36.1M-14.3% | $42.1M+18.6% | $35.5M+19.6% | $29.7M+46.0% | $20.3M |
| EPS (Diluted) | $0.64-7.2% | $0.69-6.8% | $0.74+29.8% | $0.57-12.3% | $0.65+18.2% | $0.55+19.6% | $0.46+48.4% | $0.31 |
HTH Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15.7B-0.9% | $15.8B+1.5% | $15.6B+1.6% | $15.4B-2.8% | $15.8B-2.8% | $16.3B+2.1% | $15.9B+2.0% | $15.6B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $892.5M-28.8% | $1.3B-2.4% | $1.3B+24.5% | $1.0B-42.5% | $1.8B-24.4% | $2.4B+17.3% | $2.0B+136.4% | $855.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $267.4M0.0% | $267.4M0.0% | $267.4M0.0% | $267.4M0.0% | $267.4M0.0% | $267.4M0.0% | $267.4M0.0% | $267.4M |
| Total Liabilities | $13.5B-0.9% | $13.6B+1.9% | $13.4B+1.9% | $13.1B-3.3% | $13.6B-3.3% | $14.0B+2.4% | $13.7B+2.0% | $13.5B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.1B-1.1% | $2.2B-0.9% | $2.2B-0.5% | $2.2B0.0% | $2.2B+0.4% | $2.2B+0.6% | $2.2B+2.0% | $2.1B |
| Retained Earnings | $1.3B-0.2% | $1.3B-0.2% | $1.3B+0.5% | $1.3B+0.6% | $1.3B+1.1% | $1.2B+2.0% | $1.2B+1.5% | $1.2B |
HTH Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$127.3M-53.5% | -$82.9M-130.4% | $273.0M+216.3% | -$234.6M-4119.2% | $5.8M-95.2% | $122.8M-76.2% | $515.6M+218.4% | -$435.3M |
| Capital Expenditures | $6.6M-53.1% | $14.1M+619.8% | $2.0M+5002.5% | -$40K-105.0% | $797K-13.0% | $916K-49.8% | $1.8M-6.2% | $1.9M |
| Free Cash Flow | -$133.9M-38.0% | -$97.0M-135.8% | $271.0M+215.5% | -$234.6M-4755.5% | $5.0M-95.9% | $121.9M-76.3% | $513.8M+217.5% | -$437.3M |
| Investing Cash Flow | -$127.4M-33.3% | -$95.6M+44.3% | -$171.7M-143.0% | -$70.7M-163.0% | -$26.9M-156.7% | $47.4M-82.9% | $277.3M+1885.5% | $14.0M |
| Financing Cash Flow | -$105.6M-171.2% | $148.3M-2.0% | $151.4M+133.2% | -$456.2M+18.2% | -$557.8M-410.8% | $179.5M-51.9% | $373.0M+173.8% | -$505.1M |
| Dividends Paid | $11.8M+7.0% | $11.0M-1.4% | $11.2M-2.9% | $11.5M-1.1% | $11.6M+5.5% | $11.0M0.0% | $11.0M-0.5% | $11.1M |
| Share Buybacks | $47.5M-21.8% | $60.8M+10.4% | $55.0M+57.7% | $34.9M+4.9% | $33.3M | $0 | $0-100.0% | $9.9M |
HTH Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 20.5%-0.9pp | 21.5%-1.4pp | 22.9%+4.6pp | 18.3%-3.6pp | 21.8%+4.8pp | 17.0%+3.0pp | 14.1%+4.3pp | 9.8% |
| Return on Equity | 1.8%-0.2pp | 1.9%-0.2pp | 2.1%+0.4pp | 1.6%-0.3pp | 1.9%+0.3pp | 1.6%+0.3pp | 1.4%+0.4pp | 0.9% |
| Return on Assets | 0.2%-0.0pp | 0.3%-0.0pp | 0.3%+0.1pp | 0.2%-0.0pp | 0.3%+0.1pp | 0.2%+0.0pp | 0.2%+0.1pp | 0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 6.31+0.0 | 6.29+0.2 | 6.12+0.1 | 5.97-0.2 | 6.18-0.2 | 6.42+0.1 | 6.300.0 | 6.30 |
| FCF Margin | -72.7%-22.6pp | -50.0%-185.4pp | 135.3%+254.3pp | -119.0%-121.6pp | 2.6%-55.8pp | 58.4%-185.0pp | 243.4%+454.5pp | -211.1% |
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Frequently Asked Questions
What is Hilltop Holdings Inc's annual revenue?
Hilltop Holdings Inc (HTH) reported $784.0M in total revenue for fiscal year 2025. This represents a -6.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hilltop Holdings Inc's revenue growing?
Hilltop Holdings Inc (HTH) revenue declined by 6.3% year-over-year, from $836.4M to $784.0M in fiscal year 2025.
Is Hilltop Holdings Inc profitable?
Yes, Hilltop Holdings Inc (HTH) reported a net income of $166.0M in fiscal year 2025, with a net profit margin of 21.2%.
What is Hilltop Holdings Inc's net profit margin?
Hilltop Holdings Inc (HTH) had a net profit margin of 21.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Hilltop Holdings Inc pay dividends?
Yes, Hilltop Holdings Inc (HTH) paid $0.72 per share in dividends during fiscal year 2025.
What is Hilltop Holdings Inc's return on equity (ROE)?
Hilltop Holdings Inc (HTH) has a return on equity of 7.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hilltop Holdings Inc's free cash flow?
Hilltop Holdings Inc (HTH) generated -$55.5M in free cash flow during fiscal year 2025. This represents a -120.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Hilltop Holdings Inc's operating cash flow?
Hilltop Holdings Inc (HTH) generated -$38.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hilltop Holdings Inc's total assets?
Hilltop Holdings Inc (HTH) had $15.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hilltop Holdings Inc's capital expenditures?
Hilltop Holdings Inc (HTH) invested $16.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Hilltop Holdings Inc's debt-to-equity ratio?
Hilltop Holdings Inc (HTH) had a debt-to-equity ratio of 6.29 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hilltop Holdings Inc's return on assets (ROA)?
Hilltop Holdings Inc (HTH) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Hilltop Holdings Inc's cash runway?
Based on fiscal year 2025 data, Hilltop Holdings Inc (HTH) had $1.3B in cash against an annual operating cash burn of $38.7M. This gives an estimated cash runway of approximately 389 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Hilltop Holdings Inc's Piotroski F-Score?
Hilltop Holdings Inc (HTH) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hilltop Holdings Inc's earnings high quality?
Hilltop Holdings Inc (HTH) has an earnings quality ratio of -0.23x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Hilltop Holdings Inc?
Hilltop Holdings Inc (HTH) scores 20 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.