Loading…
Hilton Grand Vacations Inc. develops, markets, sells, manages, and operates the resorts, timeshare plans, and ancillary reservation services under the Hilton Grand Vacations brand in the United States, Japan, and Europe. The company operates through two segments: Real Estate Sales and Financing, and Resort Operations and Club Management segments. The Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements; and provides consumer financing and services loans. The Resort Operations and Club Management segment manages and operates the clubs which provides exchange, leisure travel, and reservation services, as well as engages in the rental of inventory made available due to ownership exchanges through its club programs, and provides ancillary services including food and beverage, retail and spa at timeshare properties. Hilton Grand Vacations Inc. was founded in 1992 and is headquartered in Orlando, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.0B | $759M | $81M | $154M | 6.3% | 1.3% | 72.3% |
| 2024 | $5.0B | $733M | $47M | $183M | 2.7% | 25.2% | -85.0% |
| 2023 | $4.0B | $840M | $313M | $237M | 14.8% | 3.7% | -11.1% |
| 2022 | $3.8B | $867M | $352M | $650M | 16.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,835 | 3,978 | 4,981 | 5,047 |
| Operating Revenue | - | 3,835 | 3,978 | 4,981 | 5,047 |
| Cost Of Revenue | - | 2,560 | 1,417 | 1,796 | 1,821 |
| Gross Profit | - | 1,275 | 2,561 | 3,185 | 3,226 |
| Operating Expense | - | 580 | 1,826 | 2,406 | 2,573 |
| Selling General And Administration | - | 212 | 1,475 | 1,967 | 2,086 |
| Total Expenses | - | 3,140 | 3,243 | 4,202 | 4,394 |
| Operating Income | - | 695 | 735 | 779 | 653 |
| EBITDA | - | 867 | 840 | 733 | 759 |
| Normalized EBITDA | - | 951 | 911 | 972 | 860 |
| EBIT | - | 623 | 627 | 465 | 486 |
| Interest Expense | - | 142 | 178 | 329 | 311 |
| Net Interest Income | - | -142 | -229 | -411 | -403 |
| Other Non Operating Income Expenses | - | -1 | 2 | -11 | 7 |
| Other Income Expense | - | -72 | -57 | -232 | -75 |
| Interest Expense Non Operating | - | 142 | 178 | 329 | 311 |
| Net Non Operating Interest Income Expense | - | -142 | -229 | -411 | -403 |
| Pretax Income | - | 481 | 449 | 136 | 175 |
| Tax Provision | - | 129 | 136 | 76 | 76 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -22.53 | -21.51 | -50.19 | -21.21 |
| Net Income Continuous Operations | - | 352 | 313 | 60 | 99 |
| Net Income From Continuing And Discontinued Operation | - | 352 | 313 | 47 | 81 |
| Net Income From Continuing Operation Net Minority Interest | - | 352 | 313 | 47 | 81 |
| Net Income | - | 352 | 313 | 47 | 81 |
| Net Income Common Stockholders | - | 352 | 313 | 47 | 81 |
| Net Income Including Noncontrolling Interests | - | 352 | 313 | 60 | 99 |
| Normalized Income | - | 413.47 | 362.49 | 235.81 | 160.79 |
| Diluted NI Availto Com Stockholders | - | 352 | 313 | 47 | 81 |
| Basic Average Shares | - | 118.12 | 110.21 | 102.17 | 90 |
| Diluted Average Shares | - | 120.14 | 111.60 | 103.10 | 91.50 |
| Reconciled Depreciation | - | 244 | 213 | 268 | 273 |
| Reconciled Cost Of Revenue | - | 2,560 | 1,417 | 1,796 | 1,821 |
| Total Unusual Items | - | -84 | -71 | -239 | -101 |
| Total Unusual Items Excluding Goodwill | - | -84 | -71 | -239 | -101 |
| Minority Interests | - | 0 | 0 | -13 | -18 |
| Special Income Charges | - | -84 | -71 | -239 | -101 |
| Write Off | - | 17 | 3 | 2 | 3 |
| Restructuring And Mergern Acquisition | - | 67 | 68 | 237 | 98 |
| Depreciation Amortization Depletion Income Statement | - | 244 | 213 | 268 | 273 |
| Depreciation And Amortization In Income Statement | - | 244 | 213 | 268 | 273 |
| General And Administrative Expense | - | 212 | 194 | 199 | 215 |
| Other Gand A | - | 212 | 194 | 199 | 215 |
| Rent Expense Supplemental | - | 579 | 612 | 724 | 785 |
| Total Other Finance Cost | - | - | 51 | 82 | 92 |
| Other Operating Expenses | - | 124 | 138 | 171 | 214 |
| Selling And Marketing Expense | - | - | 1,281 | 1,768 | 1,871 |
| Earnings From Equity Interest | - | 13 | 12 | 18 | 19 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hilton Grand Vacations Inc.this co. | HGV | $3.8B | 47.51↑ premium | 2.99 | 6.3% | 14.44 |
| Global Business Travel Group, Inc. | GBTG | $4.9B | 44.73 | 3.03 | 6.8% | 13.70 |
| Ermenegildo Zegna N.V. | ZGN | $4.0B | 40.60 | 3.88 | 9.6% | 10.82 |
| Polaris Inc. | PII | $3.9B | -8.41 | 4.73 | -56.2% | -47.42 |
| Greif, Inc. | GEF | $3.6B |
| - |
| - |
| - |
| - |
| - |
| - |
| 13.40 |
| 1.73 |
| 12.9% |
| 10.88 |
| Abercrombie & Fitch Co. | ANF | $3.5B | 6.88 | 2.49 | 36.1% | 4.44 |
| Madison Square Garden Entertainment Corp. | MSGE | $3.4B | 90.07 | -253.49 | -281.4% | 26.05 |
| KB Home | KBH | $3.3B | 7.60 | 0.84 | 11.0% | 8.43 |
| Visteon Corporation | VC | $3.3B | 16.18 | 2.07 | 12.8% | 6.33 |
| Peer Median | - | 14.79 | 2.28 | 10.3% | 9.62 | |