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Stock research / United States / HGV · Hotels, Rooming Houses, Camps & Other Lodging Places · NYSE

Hilton Grand Vacations Inc. (HGV)

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Hilton Grand Vacations Inc. (HGV) reported revenue of $1.4 billion for Q2 FY2026, the quarter ended 30 June 2026, up 7.3% on the same quarter a year earlier. Net income was $12 million, down 52.0% on the year, and diluted earnings per share $0.15. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$1.4 billionup 7.3%
Net income$12 milliondown 52.0%
Diluted EPS$0.15
QuarterQ2 FY2026ended 30 June 2026

Hilton Grand Vacations (HGV) in brief

Hilton Grand Vacations (HGV) reported revenue of $5.0 billion for fiscal 2025, the year ended 31 December 2025, up 1.3% on the year before.
Read moreNet income was $81 million and diluted earnings per share $0.89. Revenue was $5.0 billion in fiscal 2024, $4.0 billion in fiscal 2023, $3.8 billion in fiscal 2022 and $2.3 billion in fiscal 2021. Net income in the same years was $47 million, $313 million, $352 million and $176 million. Over the twelve months to 30 June 2026, Hilton Grand Vacations reported revenue of $5.3 billion and net income of $151 million. Revenue grew 41.4% a year, compounded, over the five years to fiscal 2025. Hilton Grand Vacations had 78 million shares outstanding at the latest filed count. At 30 June 2026 it carried $4.9 billion of debt and $272 million of cash. At the close of 8 October 2026 the market cap of Hilton Grand Vacations was $2.7 billion, 19.5 times its earnings over the last twelve months.

Ratios

From the filings

ROE13.7%
ROCE8.7%
Operating margin9.9%
Net margin2.9%
FCF margin7.8%
Interest cover1.75
Debt to equity4.42
Cash conversion3.07
Share count, 1 year-12.8%
Sales CAGR, 3 years9.6%
Profit CAGR, 3 years-38.7%
EPS, TTM$1.77

At the close of 8 October 2026

Price$34.56
Market cap$2.7 billion
Stock P/E19.53
Price to book2.45
EV / EBITDA9.00
Dividend yieldn/a
Market cap / sales0.51
52-week high$54.69
52-week low$34.05
Price, 1 year-18.5%
Price CAGR, 3 years-2.7%
Price CAGR, 5 years-6.2%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Hilton Grand Vacations Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
HGVgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on HGV

Filings18 in twelve months: 10 current reports (8-K), about 4 results of operations; 3 material agreement; 3 officer or director change; 2 new financial obligation; 1 shareholder vote
Planned insider sales6 Form 144 notices in twelve months, $15.8 million; latest 6 August 2026
Options tapeput/call 0.22 by open interest at the 8 October 2026 close; the straddle prices a 9.8% move to 16 October 2026
13F holders7 of the followed funds hold it; largest FMR LLC; 4 Schedule 13D or 13G filings in twelve months
Insider trading7 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest7.5 million shares short, 8.06 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,0181,0191,1561,2351,3061,2841,1481,2661,3001,3331,2851,358
Operating income18014966.094.016413460.011212116714391.0
Operating margin18%15%6%8%13%10%5%9%9%13%11%7%
Interest expense45.045.079.087.084.079.077.079.079.076.073.070.0
Pre-tax income136108-13.07.093.049.0-6.043.045.093.074.023.0
Tax rate32%37%n/a43%66%47%n/a35%33%43%8%35%
Net income92.068.0-4.02.029.020.0-17.025.025.048.066.012.0
Net margin9%7%-0%0%2%2%-1%2%2%4%5%1%
Diluted EPS$0.83$0.62-$0.04$0.02$0.28$0.19-$0.17$0.25$0.28$0.55$0.79$0.15
Operating cash flow92.00.00.011391.010538.061.034.0167128134
Capital expenditure9.013.010.07.010.015.014.015.021.020.06.03.0
Free cash flow83.0-13.0-10.010681.090.024.046.013.0147122131
Buybacks62.010099.0100108125150150150150150150
Shares outstanding109m106m105m102m100m97m93m89m87m83m81m78m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 11 fiscal years and the trailing twelve months

FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022FY2023FY2024FY2025TTM
Revenue1,4751,5831,7111,9991,8388942,3353,8353,9784,9815,0475,276
Operating income321323337434315-245390611613458460522
Operating margin21.8%20.4%19.7%21.7%17.1%-27.4%16.7%15.9%15.4%9.2%9.1%9.9%
Interest expense0.03.027.030.043.043.0105142178329311298
Pre-tax income292293311403273-280269481449136175235
Income tax118125-16.010557.0-79.093.012913676.076.069.0
Effective tax rate40.4%42.7%-5.1%26.1%20.9%n/a34.6%26.8%30.3%55.9%43.4%29.4%
Net income174168327298216-20117635231347.081.0151
Net margin11.8%10.6%19.1%14.9%11.7%-22.5%7.5%9.2%7.9%0.9%1.6%2.9%
Diluted EPS$1.76$1.70$3.28$3.05$2.42-$2.36$1.75$2.93$2.80$0.45$0.89$1.77
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Sales of VOIs, net1,4161,9091,81235.9%
Resort and club management56972277815.4%
Rental and ancillary services66673374614.8%
Fee-for-service commissions, package sales and other fees63463766413.2%
Cost reimbursements38651653410.6%
Financing30746451310.2%
Sales of VOIs, netResort and club managementRental and ancillary servicesFee-for-service commissions, package sales and other feesCost reimbursementsFinancing
3,978FY20234,981FY20245,047FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022FY2023FY2024FY2025TTM
Operating cash flow152182356-16414379.0168747312309300463
Capital expenditure12.026.035.044.037.08.018.058.031.042.070.050.0
Free cash flow140156321-20810671.0150689281267230413
Free cash flow margin9.5%9.9%18.8%-10.4%5.8%7.9%6.4%18.0%7.1%5.4%4.6%7.8%
Cash from investingn/a-34.0-87.0-57.0-63.0-33.0-1,631-97.0-158-1,571-146-221
Cash from financingn/a-76.0-123104-1083281,636-7821831,156-338-240
Depreciation and amortisation22.024.029.033.044.045.0126244213268273289
Share-based compensation0.00.015.016.022.015.048.046.040.047.064.064.0
Buybacksn/an/an/a18328310.00.0272368432600600
Diluted shares, weighted99m99m100m98m89m85m101m120m112m103m92m81m
Shares outstanding at period endn/a99m99m95m86m85m120m114m106m97m83m78m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2015FY2016FY2017FY2018 †FY2019 †FY2020FY2021 †FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity-1061675186165703741,9882,1512,1151,7521,2891,102
Non-controlling interestn/an/an/an/an/an/an/an/a0.0143151156
Debtn/a4904826048281,1592,9132,6513,0494,6014,5454,876
Other liabilitiesn/a1,5231,3841,5331,6811,6013,1073,2023,5214,9465,5526,100
Total liabilities and equityn/a2,1802,3842,7533,0793,1348,0088,0048,68511,44211,53712,234
Owned
Fixed assetsn/a256238559778501756798758792859899
Goodwilln/an/an/an/an/a0.01,3771,4161,4181,9851,9851,986
Intangible assetsn/a70.072.081.077.081.01,4411,2771,1581,7871,6701,592
Cash and equivalents79.048.024610867.0428432223589328239272
Receivablesn/an/an/a153174119302511507315270312
Other assetsn/a1,8061,8281,8521,9832,0053,7003,7794,2556,2356,5147,173
Total assetsn/a2,1802,3842,7533,0793,1348,0088,0048,68511,44211,53712,234
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded13.1%41.4%9.6%5.4%
Profit growth, compounded-7.4%n/a-38.7%164.9%
Return on equity, average24.5%9.8%7.9%6.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Restaurants, Hotels, Motels

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Brinker International, Inc. EAT$8.0 billion17.47109.8%10.7%7.9%0.950.6%
Wynn Resorts Ltd. WYNN$7.8 billion18.68n/a15.7%6.4%n/a1.3%
MGM Resorts International MGM$7.6 billion18.1916.9%5.7%3.2%2.410.0%
Cava Group, Inc. CAVA$6.3 billion98.757.9%5.2%26.8%0.00n/a
Dutch Bros Inc. BROS$6.1 billion55.2511.6%9.6%29.6%0.25n/a
Wyndham Hotels & Resorts, Inc. WH$5.4 billion26.9743.3%30.2%-2.1%5.532.2%
Boyd Gaming Corp. BYD$5.1 billion3.0872.7%16.4%1.7%1.051.0%
Choice Hotels International Inc. CHH$4.7 billion14.81230.9%25.2%2.6%14.081.1%
Travel & Leisure Co. TNL$3.8 billion17.11n/a13.7%4.5%n/a3.7%
Wingstop Inc. WING$3.2 billion28.15n/a27.9%7.6%n/a1.0%
Park Hotels & Resorts Inc. PK$3.1 billionn/a-5.3%2.0%-1.4%1.276.6%
Hilton Grand Vacations Inc. HGV$2.7 billion19.5313.7%9.9%5.4%4.42n/a
All 24 in Restaurants, Hotels, Motels
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
McDonald's Corp. MCD$167.6 billion19.24n/a46.2%6.3%n/a3.0%
Starbucks Corp. SBUX$106.3 billion53.57n/a7.8%4.5%n/a2.7%
Marriott International Inc. MAR$94.2 billion37.42n/a15.8%4.7%n/a0.7%
Hilton Worldwide Holdings Inc. HLT$73.0 billion47.47n/a23.3%8.7%n/a0.2%
Chipotle Mexican Grill Inc. CMG$41.4 billion29.9864.5%14.7%7.3%0.00n/a
Yum! Brands, Inc. YUM$39.0 billion17.99n/a31.0%10.3%n/a2.0%
InterContinental Hotels Group PLC IHG *$24.2 billion32.78n/a23.1%5.4%n/a1.1%
Las Vegas Sands Corp. LVS$23.4 billion14.05297.2%21.5%18.1%23.572.8%
Darden Restaurants Inc. DRI$22.7 billion19.6057.2%11.7%8.1%0.793.0%
Hyatt Hotels Corp. H$15.4 billion194.432.4%n/a5.8%1.110.4%
Aramark ARMK$14.6 billion38.8411.3%4.4%11.0%1.800.8%
Texas Roadhouse, Inc. TXRH$10.7 billion26.0426.5%7.7%9.9%0.031.7%
Brinker International, Inc. EAT$8.0 billion17.47109.8%10.7%7.9%0.950.6%
Wynn Resorts Ltd. WYNN$7.8 billion18.68n/a15.7%6.4%n/a1.3%
MGM Resorts International MGM$7.6 billion18.1916.9%5.7%3.2%2.410.0%
Cava Group, Inc. CAVA$6.3 billion98.757.9%5.2%26.8%0.00n/a
Dutch Bros Inc. BROS$6.1 billion55.2511.6%9.6%29.6%0.25n/a
Wyndham Hotels & Resorts, Inc. WH$5.4 billion26.9743.3%30.2%-2.1%5.532.2%
Boyd Gaming Corp. BYD$5.1 billion3.0872.7%16.4%1.7%1.051.0%
Choice Hotels International Inc. CHH$4.7 billion14.81230.9%25.2%2.6%14.081.1%
Travel & Leisure Co. TNL$3.8 billion17.11n/a13.7%4.5%n/a3.7%
Wingstop Inc. WING$3.2 billion28.15n/a27.9%7.6%n/a1.0%
Park Hotels & Resorts Inc. PK$3.1 billionn/a-5.3%2.0%-1.4%1.276.6%
Hilton Grand Vacations Inc. HGV$2.7 billion19.5313.7%9.9%5.4%4.42n/a
No other company here shares its SEC industry code (Hotels, Rooming Houses, Camps & Other Lodging Places); these are the names nearest in size in its wider industry, Restaurants, Hotels, Motels, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202526 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 20243 March 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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