Saturday 31 October 2026 Export HGV’s income statement to Excel — free account

Hilton Grand Vacations Inc.

Hilton Grand Vacations Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.0 billion, up 1.33% from fiscal 2024. In the quarter to June 2026, revenue grew 7.27%, EPS fell 42.3%, free cash flow grew 318.5% and total debt rose 9.88%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

38.29 2.58 +7.22%

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Market cap: $2.8B
P/E: 21.5×
Fwd P/E: 12.0×
Dividend yield: —
F-score: 7/9
Altman Z: 1.36
Beneish M: −2.71
Dividend safety: n/a

Overview Business Profile Financial Analysis

Insider Decisions trades per month

Total sells 14.10

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	2	—	—	—	—	—	3	—	—	1	—	—

Insider Ownership 20.10%

Capital & Financial Ratios $m

Market Cap 2,780.00

Revenue 5,276.00

Net Income 166.00

Free Cash Flow 342.00

Net Debt 7,204.00

Current Ratio 5.02

Debt/Equity 6.18

P/E ratio 21.51

Fwd P/E 12.00

P/S ratio 0.58

P/B ratio 2.41

Past 5Y EPS Growth —

This Y EPS Growth 129.85%

Next Y EPS Growth 7.41%

Next Y revenue growth 10.72%

Next 5Y EPS Growth 49.75%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 62.73%

10-year low 10-year high

P/S against its own 10 years 1.46%

10-year low 10-year high

P/B against its own 10 years 30.23%

10-year low 10-year high

EV/Sales against its own 10 years 9.23%

10-year low 10-year high

EV/FCF against its own 10 years 43.92%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	885	766	571	568
Receivables	507	315	270	312
Inventory	1,400	2,244	2,522	2,546
Other	2,113	3,006	3,115	3,591
	4,905	6,331	6,478	7,017

	2023	2024	2025	Q'26
Payables	952	1,125	1,018	1,169
ST’ Debt	—	—	—	—
Other	179	226	228	228
	1,131	1,351	1,246	1,397

Compound Annual Growth %

	10y	5y	3y
Sales	13.09%	41.36%	9.59%
Cash Flow	7.04%	30.59%	(26.22%)
Earnings	(7.36%)	0.00%	(38.72%)
Book Value	0.00%	30.95%	(12.52%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.86 Actual 0.89

0.35 0.55 0.74 0.94 1.14

Q3 FY25 Miss −0.41

Q4 FY25 Miss −0.17

Q1 FY26 Beat +0.55

Q2 FY26 Beat +0.03

Q3 FY26 — Oct 29

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q3 FY25	1.01	0.60	Miss by 0.41
Q4 FY25	1.05	0.88	Miss by 0.17
Q1 FY26	0.44	0.99	Beat by 0.55
Q2 FY26	0.86	0.89	Beat by 0.03
Q3 FY26	1.01	—	Reports 29 October 2026

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.79	0.15	—	—	—
’25	(0.17)	0.25	0.28	0.55	0.89
’24	(0.04)	0.02	0.28	0.19	0.45
’23	0.64	0.71	0.83	0.62	2.80
’22	0.42	0.60	1.24	0.67	2.93
’21	(0.08)	0.10	0.90	0.62	1.75
’20	0.09	(0.56)	(0.08)	(1.81)	(2.36)

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,285	1,358	—	—	—
’25	1,148	1,266	1,300	1,333	5,047
’24	1,156	1,235	1,306	1,284	4,981
’23	934	1,007	1,018	1,019	3,978
’22	779	948	1,116	992	3,835
’21	235	334	928	838	2,335
’20	351	123	208	212	894

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	128	134	—	—	—
’25	38	61	34	167	300
’24	0	113	91	105	309
’23	26	194	92	0	312
’22	270	260	233	(16)	747
’21	62	30	(56)	132	168
’20	53	35	(2)	(7)	79

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	108	113	—	—	—
’25	6	27	(4)	125	154
’24	(19)	95	59	48	183
’23	15	180	70	(28)	237
’22	256	239	217	(62)	650
’21	57	22	(68)	118	129
’20	45	28	(9)	(16)	48

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	25.36	24.60	24.17	24.83	8.28	28.88	32.12	33.14	33.21	30.59		+2.1%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	28.25	43.19	47.75	36.56	35.07	56.33	55.23	51.81	49.02	52.08		+7.0%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	7,750	8,000	309,000	326,000	328,000	333,000	13,000	15,000	21,800	22,300		+12.5%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	0.20	0.21	0.01	0.01	0.00	0.01	0.30	0.27	0.23	0.23		+1.1%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	1,583	1,711	1,999	1,838	894	2,335	3,835	3,978	4,981	5,047		+13.7%	5,588	5,769	5,818	+4.9%
	Gross margin, %	32.79	32.55	34.27	31.45	17.00	36.62	40.99	40.60	37.16	35.61		+2.8 pt	Powerpack Hilton Grand Vacations Inc.’s next three years, line by line Analysts expect revenue to grow 4.9% a year to 2028 — slower than the 13.7% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	293	311	403	273	(280)	269	481	449	136	175		(5.6%)
	EBT margin, %	18.51	18.18	20.16	14.85	(31.32)	11.52	12.54	11.29	2.73	3.47		(15.0) pt
	Net income	168	327	298	216	(201)	176	352	313	60	99		(5.7%)
	Depreciation	29	34	43	61	63	165	296	246	351	346		+31.7%
Per share, $
Per share, $	Revenue	15.99	17.28	20.61	20.65	10.52	23.42	32.50	36.13	48.88	56.14		+15.0%
	Earnings	1.70	3.30	3.07	2.43	(2.36)	1.77	2.98	2.84	0.46	0.90		(6.8%)
	Cash flow	1.84	3.60	(1.69)	1.61	0.93	1.69	6.33	2.83	3.03	3.34		+6.8%
	Capex	(0.34)	(0.47)	(0.60)	(0.69)	(0.36)	(0.39)	(0.82)	(0.68)	(1.24)	(1.62)		+18.8%
	Free cash flow	1.49	3.12	(2.29)	0.92	0.56	1.29	5.51	2.15	1.80	1.71		+1.5%
	Book value	1.69	5.23	6.35	6.40	4.40	19.94	18.23	19.21	18.60	16.02		+28.4%
	Shares, m	99	99	97	89	85	100	118	110	102	90		(1.1%)
Valuation, ×
Valuation, ×	P/E	15.11	12.59	8.57	14.09	0.00	33.19	13.04	14.60	84.67	48.12		24.4
	P/S	1.60	2.40	1.28	1.67	2.98	2.23	1.18	1.15	0.80	0.80		1.6
	P/B	15.16	7.94	4.16	5.37	7.13	2.61	2.11	2.16	2.09	2.79		5.2
	EV/Sales	2.25	2.85	1.87	2.44	4.55	3.74	2.02	2.06	2.03	2.12		2.6
	EV/FCF	24.09	15.80	(16.86)	54.68	84.66	67.76	11.90	34.58	55.31	69.57		40.1
Cash, $m
Cash, $m	Operating cash flow	182	356	(164)	143	79	168	747	312	309	300		+5.7%
	Capex	(34)	(47)	(58)	(61)	(31)	(39)	(97)	(75)	(126)	(146)		+17.6%
	Free cash flow	148	309	(222)	82	48	129	650	237	183	154		+0.4%
Balance, $m
Balance, $m	Working capital	1,478	1,546	1,555	1,627	1,952	3,199	2,835	3,774	4,980	5,232		+15.1%
	Total debt	1,184	1,065	1,363	1,575	1,925	4,241	3,753	4,515	6,919	7,261		+22.3%
	Net debt	1,033	768	1,183	1,423	1,399	3,546	3,198	3,630	6,153	6,690		+23.1%
	Shareholders’ equity	167	518	616	570	374	1,988	2,151	2,115	1,895	1,440		+27.0%
Returns, %
Returns, %	ROA	8.61	14.33	11.60	7.41	(6.47)	3.16	4.40	3.75	0.47	0.70		(7.9) pt
	ROIC	16.82	16.38	15.08	9.88	(8.64)	4.40	7.14	6.67	3.56	3.54		(13.3) pt
	ROE	550.82	95.47	52.56	36.42	(42.58)	14.90	17.01	14.67	2.34	4.86		(546.0) pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
CZR Caesars Entertainment, Inc.	$5.9B	— (loss-making)	— (loss-making)	+2.96% (above 0%: growing)	n/m	+29.79% (above 0%: growing)	53.26%	17.14%	Compare
MTN Vail Resorts, Inc.	$5.5B	39.2×	26.2×	+2.50% (above 0%: growing)	n/m	+29.42% (above 0%: growing)	(8.85%)	(75.09%)	Compare
RRR Red Rock Resorts, Inc.	$5.2B	16.9×	23.9×	−3.04% (below 0%: shrinking)	−29.17% (below 0%: shrinking)	−76.90% (below 0%: shrinking)	61.83%	26.65%	Compare
BYD Boyd Gaming Corporation	$5.1B	3.2×	10.7×	+0.04% (above 0%: growing)	−4.89% (below 0%: shrinking)	−235.57% (below 0%: shrinking)	50.29%	19.40%	Compare
VAC Marriott Vacations Worldwide Corporation	$4.0B	— (loss-making)	14.5×	+5.94% (above 0%: growing)	+11.62% (above 0%: growing)	+123.53% (above 0%: growing)	90.83%	12.20%	Compare
HGV Hilton Grand Vacations Inc.	$2.8B	21.5×	12.0×	+7.27% (above 0%: growing)	−42.31% (below 0%: shrinking)	+318.52% (above 0%: growing)	36.75%	6.70%
PENN PENN Entertainment, Inc.	$2.1B	— (loss-making)	15.1×	+5.24% (above 0%: growing)	n/m	+9,546.15% (above 0%: growing)	37.18%	7.09%	Compare
MCRI Monarch Casino & Resort, Inc.	$2.0B	17.3×	16.5×	+4.15% (above 0%: growing)	+23.81% (above 0%: growing)	−1.37% (below 0%: shrinking)	55.71%	27.09%	Compare
MLCO Melco Resorts & Entertainment Limited	$1.5B	6.5×	11.3×	−5.72% (below 0%: shrinking)	+50.00% (above 0%: growing)	+513.61% (above 0%: growing)	34.83%	10.20%	Compare
Median of peers	$4.6B	16.9×	15.1×	+2.73%	+11.62%	+29.61%	51.77%	14.67%

All 17 Resorts & Casinos stocks →

Pay and ownership Proxy statement filed 17 March 2026

Chief executive’s pay

Year	Total pay	Actually paid	$100 invested
2025	14.07m	19.13m	114.89
2024	14.03m	11.40m	96.94
2023	9.79m	6.73m	104.26
2022	10.61m	7.23m	73.96
2021	17.46m	24.44m	166.22

Ownership

Directors and executive officers, together 3.10%

Apollo Global Management 22.50%

BlackRock, Inc. 11.30%

The Vanguard Group, Inc. 9.20%

CAS Investment Partners, LLC 8.30%

Hill Path Capital Partners II L.P. 8.00%

North Peak Capital Management, LLC 7.50%

FMR LLC 5.50%

Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement