HGV · Hilton Grand Vacations Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $5.05B | $4.98B | $3.98B | $3.83B | $2.33B | $894.00M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $215.00M | $199.00M | $194.00M | $212.00M | $151.00M | $92.00M |
| Total Operating Expenses | $4.59B | $4.52B | $3.37B | $3.22B | $1.95B | $1.14B |
| D&A | $273.00M | $268.00M | $213.00M | $244.00M | $126.00M | $45.00M |
| Operating Income | $175.00M | $136.00M | $449.00M | $481.00M | $269.00M | ($280.00M) |
| Interest Expense | $311.00M | $329.00M | $178.00M | $142.00M | $105.00M | $43.00M |
| Income Tax | $76.00M | $76.00M | $136.00M | $129.00M | $93.00M | ($79.00M) |
| Net Income | $81.00M | $47.00M | $313.00M | $352.00M | $176.43M | ($200.71M) |
| EPS - Basic | $0.90 | $0.46 | $2.84 | $2.98 | $1.77 | ($2.36) |
| EPS - Diluted | $0.89 | $0.45 | $2.80 | $2.93 | $1.75 | ($2.36) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $239.00M | $328.00M | $589.00M | $223.00M | $432.00M | $428.00M |
| Accounts Receivable | $270.00M | $315.00M | $507.00M | $511.00M | $302.00M | $119.00M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $11.54B | $11.44B | $8.69B | $8.00B | $8.01B | $3.13B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $4.54B | $4.60B | $3.05B | $2.65B | $2.91B | $1.16B |
| Total Liabilities | $10.10B | $9.55B | $6.57B | $5.85B | $6.02B | $2.76B |
| Stockholders' Equity | $1.29B | $1.75B | $2.12B | $2.15B | $1.99B | $374.00M |
| Retained Earnings | $34.00M | $352.00M | $593.00M | $529.00M | $357.00M | $181.00M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $300.00M | $309.00M | $312.00M | $747.00M | $168.00M | $79.00M |
| Investing Cash Flow | ($146.00M) | ($1.57B) | ($158.00M) | ($97.00M) | ($1.63B) | ($33.00M) |
| Financing Cash Flow | ($338.00M) | $1.16B | $183.00M | ($782.00M) | $1.64B | $328.00M |
| CapEx | $70.00M | $42.00M | $31.00M | $58.00M | $18.00M | $8.00M |
| Free Cash Flow | $230.00M | $267.00M | $281.00M | $689.00M | $150.00M | $71.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 3.5% | 2.7% | 11.3% | 12.5% | 11.5% | -31.3% |
| EBITDA margin | 8.9% | 8.1% | 16.6% | 18.9% | 16.9% | -26.3% |
| Net margin | 1.6% | 0.9% | 7.9% | 9.2% | 7.6% | -22.5% |
| Free cash flow margin | 4.6% | 5.4% | 7.1% | 18.0% | 6.4% | 7.9% |
| FCF / Net income | 2.84 | 5.68 | 0.90 | 1.96 | 0.85 | -0.35 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 4.3% | 4.0% | 4.9% | 5.5% | 6.5% | 10.3% |
| Effective tax rate | 48.4% | 61.8% | 30.3% | 26.8% | 34.5% | - |
| Return on assets | 0.7% | 0.4% | 3.6% | 4.4% | 2.2% | -6.4% |
| Return on equity | 6.3% | 2.7% | 14.8% | 16.4% | 8.9% | -53.7% |
| Return on invested capital | 1.5% | 1.1% | 6.1% | 7.3% | 3.6% | -14.4% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 3.53 | 2.63 | 1.44 | 1.23 | 1.47 | 3.10 |
| Debt / Assets | 0.39 | 0.40 | 0.35 | 0.33 | 0.36 | 0.37 |
| Debt / EBITDA | 10.15 | 11.39 | 4.61 | 3.66 | 7.37 | - |
| Interest coverage | 0.6x | 0.4x | 2.5x | 3.4x | 2.6x | -6.5x |
| Equity multiplier | 8.95 | 6.53 | 4.11 | 3.72 | 4.03 | 8.38 |
| Liabilities / Assets | 0.88 | 0.83 | 0.76 | 0.73 | 0.75 | 0.88 |
| Efficiency | ||||||
| Asset turnover | 0.44 | 0.44 | 0.46 | 0.48 | 0.29 | 0.29 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 20d | 23d | 47d | 49d | 47d | 49d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 50.3x | 86.6x | 14.4x | 13.2x | 29.8x | - |
| P / B | 3.2x | 2.3x | 2.1x | 2.2x | 2.6x | 7.1x |
| P / S | 0.8x | 0.8x | 1.1x | 1.2x | 2.3x | 3.0x |
| EV / EBITDA | 18.8x | 20.5x | 10.5x | 9.7x | 19.6x | - |
| Growth | ||||||
| Revenue growth (YoY) | 1.3% | 25.2% | 3.7% | 64.2% | 161.2% | -51.4% |
| Revenue CAGR (3y) | 9.6% | 28.7% | 64.5% | 27.8% | - | -17.3% |
| Revenue CAGR (5y) | 41.4% | 22.1% | - | 19.4% | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | 28.7% | -69.7% | -6.7% | 78.8% | - | - |
| Net income growth (YoY) | 72.3% | -85.0% | -11.1% | 99.5% | - | - |
| EPS growth (YoY) | 97.8% | -83.9% | -4.4% | 67.4% | - | - |
| EPS CAGR (3y) | -32.8% | -36.4% | - | 6.6% | - | - |
| EPS CAGR (5y) | - | -28.6% | - | 11.5% | - | - |
| FCF growth (YoY) | -13.9% | -5.0% | -59.2% | 359.3% | 111.3% | -34.3% |
| FCF CAGR (5y) | 26.5% | 19.8% | - | 34.6% | - | - |
| Book value growth (YoY) | -26.4% | -17.2% | -1.7% | 8.2% | 431.6% | -34.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$4.51B totalReal Estate Sales And Financing Segment$2.99B · 66.2%
Resort Operations And Club Management Segment$1.52B · 33.8%
Product / service
$7.08B totalSales Of Vacation Ownership Intervals Net$1.81B · 25.6%
Resort And Club Management$778.00M · 11.0%
Rental And Ancillary Service$746.00M · 10.5%
Rental$692.00M · 9.8%
Fee For Services Commissions Package Sales And Other Fees$664.00M · 9.4%
Cost Reimbursements$534.00M · 7.5%
Financing$513.00M · 7.2%
Interest Income Revenue$473.00M · 6.7%
Resort Management$457.00M · 6.5%
Club Management$321.00M · 4.5%
Ancillary Services$54.00M · 0.8%
Other Financing Revenue$40.00M · 0.6%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Hotels, Rooming Houses, Camps & Other Lodging Places
Comparing Hilton Grand Vacations Inc. against the 3 most active filers in the same SIC group.