Hilton Grand Vac Financials

HGV

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Hilton Grand Vac (HGV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).

Financial Health Signals

Financial Profile 38/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

Hilton Grand Vac's revenue surged 25.2% year-over-year to $5.0B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Hilton Grand Vac has elevated debt relative to equity (D/E of 2.63), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 14/100, reflecting increased financial risk.

Cash Flow

Hilton Grand Vac's free cash flow margin of 5.4% results in a low score of 27/100. Capital expenditures of $42.0M absorb a large share of operating cash flow.

Returns

Hilton Grand Vac generates a 2.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 11/100. This is down from 14.8% the prior year.

Piotroski F-Score Neutral

4/9

Hilton Grand Vac passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

6.57x

For every $1 of reported earnings, Hilton Grand Vac generates $6.57 in operating cash flow ($309.0M OCF vs $47.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Revenue

$5.0B

YoY+25.2%

5Y CAGR+22.1%

Hilton Grand Vac generated $5.0B in revenue in fiscal year 2024. This represents an increase of 25.2% from the prior year.

EBITDA

N/A

Free Cash Flow

$267.0M

YoY-5.0%

5Y CAGR+20.3%

Hilton Grand Vac generated $267.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 5.0% from the prior year.

Net Income

$47.0M

YoY-85.0%

5Y CAGR-26.3%

Hilton Grand Vac reported $47.0M in net income in fiscal year 2024. This represents a decrease of 85.0% from the prior year.

EPS (Diluted)

$0.45

YoY-83.9%

5Y CAGR-28.6%

Hilton Grand Vac earned $0.45 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 83.9% from the prior year.

Cash & Debt

$328.0M

YoY-44.3%

5Y CAGR+37.4%

Hilton Grand Vac held $328.0M in cash against $4.6B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

97M

YoY-8.7%

5Y CAGR+2.5%

Hilton Grand Vac had 97M shares outstanding in fiscal year 2024. This represents a decrease of 8.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

0.9%

YoY-6.9pp

5Y CAGR-10.8pp

Hilton Grand Vac's net profit margin was 0.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 6.9 percentage points from the prior year.

Return on Equity

2.7%

YoY-12.1pp

5Y CAGR-35.2pp

Hilton Grand Vac's ROE was 2.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 12.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$432.0M

YoY+17.4%

5Y CAGR+8.8%

Hilton Grand Vac spent $432.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 17.4% from the prior year.

Capital Expenditures

$42.0M

YoY+35.5%

5Y CAGR+2.6%

Hilton Grand Vac invested $42.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 35.5% from the prior year.

HGV Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$5.0B+25.2%	$4.0B+3.7%	$3.8B+64.2%	$2.3B+161.2%	$894.0M-51.4%	$1.8B
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$199.0M+2.6%	$194.0M-8.5%	$212.0M+40.4%	$151.0M+64.1%	$92.0M-22.0%	$118.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$329.0M+84.8%	$178.0M+25.4%	$142.0M+35.2%	$105.0M+144.2%	$43.0M0.0%	$43.0M
Income Tax	$76.0M-44.1%	$136.0M+5.4%	$129.0M+38.7%	$93.0M+217.7%	-$79.0M-238.6%	$57.0M
Net Income	$47.0M-85.0%	$313.0M-11.1%	$352.0M+100.0%	$176.0M+187.6%	-$201.0M-193.2%	$215.7M
EPS (Diluted)	$0.45-83.9%	$2.80-4.4%	$2.93+67.4%	$1.75+174.2%	$-2.36-197.5%	$2.42

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$1.3B+2.7%	$1.3B+10.3%	$1.1B-10.6%	$1.3B+4.0%	$1.2B+6.8%	$1.2B+13.4%	$1.0B+0.1%	$1.0B
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	$58.0M0.0%	$58.0M+26.1%	$46.0M-11.5%	$52.0M-10.3%	$58.0M+28.9%	$45.0M-29.7%	$64.0M+60.0%	$40.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$79.0M0.0%	$79.0M+2.6%	$77.0M-2.5%	$79.0M-9.2%	$87.0M+10.1%	$79.0M+75.6%	$45.0M0.0%	$45.0M
Income Tax	$15.0M0.0%	$15.0M+150.0%	$6.0M-73.9%	$23.0M+666.7%	$3.0M+127.3%	-$11.0M-127.5%	$40.0M-9.1%	$44.0M
Net Income	$25.0M0.0%	$25.0M+247.1%	-$17.0M-185.0%	$20.0M+900.0%	$2.0M+150.0%	-$4.0M-105.9%	$68.0M-26.1%	$92.0M
EPS (Diluted)	$0.28+12.0%	$0.25+247.1%	$-0.17-189.5%	$0.19+850.0%	$0.02+150.0%	$-0.04-106.5%	$0.62-25.3%	$0.83

HGV Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$11.4B+31.7%	$8.7B+8.5%	$8.0B0.0%	$8.0B+155.5%	$3.1B+1.8%	$3.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$328.0M-44.3%	$589.0M+164.1%	$223.0M-48.4%	$432.0M+0.9%	$428.0M+538.8%	$67.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$315.0M-37.9%	$507.0M-0.8%	$511.0M+69.2%	$302.0M+153.8%	$119.0M-31.6%	$174.0M
Goodwill	$2.0B+40.0%	$1.4B+0.1%	$1.4B+2.8%	$1.4B	$0	N/A
Total Liabilities	$9.5B+45.3%	$6.6B+12.3%	$5.9B-2.8%	$6.0B+118.1%	$2.8B+10.0%	$2.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$4.6B+50.9%	$3.0B+15.0%	$2.7B-9.0%	$2.9B+151.3%	$1.2B+40.0%	$828.0M
Total Equity	$1.8B-17.2%	$2.1B-1.7%	$2.2B+8.2%	$2.0B+431.6%	$374.0M-34.4%	$570.0M
Retained Earnings	$352.0M-40.6%	$593.0M+12.1%	$529.0M+48.2%	$357.0M+97.2%	$181.0M-53.6%	$390.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$11.7B-0.5%	$11.7B-0.4%	$11.8B+3.0%	$11.4B-0.2%	$11.5B-1.7%	$11.7B+34.3%	$8.7B+8.4%	$8.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$215.0M-20.1%	$269.0M+3.9%	$259.0M-21.0%	$328.0M0.0%	$328.0M-7.6%	$355.0M-39.7%	$589.0M+159.5%	$227.0M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$440.0M-0.9%	$444.0M+18.4%	$375.0M+19.0%	$315.0M-39.9%	$524.0M+1.7%	$515.0M+1.6%	$507.0M+15.0%	$441.0M
Goodwill	$2.0B0.0%	$2.0B0.0%	$2.0B0.0%	$2.0B+2.7%	$1.9B-0.5%	$1.9B+37.0%	$1.4B+0.1%	$1.4B
Total Liabilities	$10.1B+0.4%	$10.1B+0.4%	$10.1B+5.4%	$9.5B+1.7%	$9.4B-1.2%	$9.5B+44.6%	$6.6B+12.1%	$5.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$4.7B+3.2%	$4.6B+1.9%	$4.5B-2.5%	$4.6B-5.8%	$4.9B-5.0%	$5.1B+68.7%	$3.0B+11.7%	$2.7B
Total Equity	$1.4B-7.0%	$1.5B-5.9%	$1.6B-9.6%	$1.8B-8.7%	$1.9B-4.3%	$2.0B-5.2%	$2.1B-1.5%	$2.1B
Retained Earnings	$88.0M-47.3%	$167.0M-29.8%	$238.0M-32.4%	$352.0M-22.8%	$456.0M-12.5%	$521.0M-12.1%	$593.0M+0.9%	$588.0M

HGV Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$309.0M-1.0%	$312.0M-58.2%	$747.0M+344.6%	$168.0M+112.7%	$79.0M-44.8%	$143.0M
Capital Expenditures	$42.0M+35.5%	$31.0M-46.6%	$58.0M+222.2%	$18.0M+125.0%	$8.0M-78.4%	$37.0M
Free Cash Flow	$267.0M-5.0%	$281.0M-59.2%	$689.0M+359.3%	$150.0M+111.3%	$71.0M-33.0%	$106.0M
Investing Cash Flow	-$1.6B-894.3%	-$158.0M-62.9%	-$97.0M+94.1%	-$1.6B-4842.4%	-$33.0M+47.6%	-$63.0M
Financing Cash Flow	$1.2B+531.7%	$183.0M+123.4%	-$782.0M-147.8%	$1.6B+398.8%	$328.0M+403.7%	-$108.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$432.0M+17.4%	$368.0M+35.3%	$272.0M	$0-100.0%	$10.0M-96.5%	$283.0M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$34.0M-44.3%	$61.0M+60.5%	$38.0M-63.8%	$105.0M-7.1%	$113.0M	$0	$0-100.0%	$92.0M
Capital Expenditures	$21.0M+40.0%	$15.0M+7.1%	$14.0M-6.7%	$15.0M+114.3%	$7.0M-30.0%	$10.0M-23.1%	$13.0M+44.4%	$9.0M
Free Cash Flow	$13.0M-71.7%	$46.0M+91.7%	$24.0M-73.3%	$90.0M-15.1%	$106.0M+1160.0%	-$10.0M+23.1%	-$13.0M-115.7%	$83.0M
Investing Cash Flow	-$38.0M-11.8%	-$34.0M-6.3%	-$32.0M+43.9%	-$57.0M-533.3%	-$9.0M+99.4%	-$1.5B-1227.0%	-$111.0M-404.5%	-$22.0M
Financing Cash Flow	-$39.0M-225.0%	-$12.0M+94.0%	-$201.0M-208.6%	$185.0M+208.2%	-$171.0M-113.4%	$1.3B+180.8%	$453.0M+483.9%	-$118.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$150.0M0.0%	$150.0M0.0%	$150.0M+20.0%	$125.0M+25.0%	$100.0M+1.0%	$99.0M-1.0%	$100.0M+61.3%	$62.0M

HGV Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	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
Net Margin	0.9%-6.9pp	7.9%-1.3pp	9.2%+1.6pp	7.5%+30.0pp	-22.5%-34.2pp	11.7%
Return on Equity	2.7%-12.1pp	14.8%-1.6pp	16.4%+7.5pp	8.8%	N/A	37.8%
Return on Assets	0.4%-3.2pp	3.6%-0.8pp	4.4%+2.2pp	2.2%+8.6pp	-6.4%-13.4pp	7.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.63+1.2	1.44+0.2	1.23-0.2	1.47-1.6	3.10+1.6	1.45
FCF Margin	5.4%-1.7pp	7.1%-10.9pp	18.0%+11.6pp	6.4%-1.5pp	7.9%+2.2pp	5.8%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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	1.9%-0.1pp	2.0%+3.5pp	-1.5%-3.0pp	1.6%+1.4pp	0.2%+0.5pp	-0.4%-7.0pp	6.7%-2.4pp	9.0%
Return on Equity	1.8%+0.1pp	1.7%	N/A	1.1%+1.0pp	0.1%	N/A	3.2%-1.1pp	4.3%
Return on Assets	0.2%0.0pp	0.2%+0.3pp	-0.1%-0.3pp	0.2%+0.1pp	0.0%+0.1pp	-0.0%-0.8pp	0.8%-0.4pp	1.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.41+0.3	3.07+0.2	2.83+0.2	2.63+0.1	2.55-0.0	2.57+1.1	1.44+0.2	1.27
FCF Margin	1.0%-2.6pp	3.6%+1.5pp	2.1%-4.9pp	7.0%-1.6pp	8.6%+9.4pp	-0.9%+0.4pp	-1.3%-9.4pp	8.2%

Similar Companies

Melco Resorts And Entmnt Ltd MLCO

$2.2B

Marriott Vacations Worldwide C VAC

$2.0B

Vail Resorts MTN

$5.1B

Penn Ent PENN

$1.8B

Red Rock Resorts Inc RRR

$3.9B

Frequently Asked Questions

What is Hilton Grand Vac's annual revenue?

Hilton Grand Vac (HGV) reported $5.0B in total revenue for fiscal year 2024. This represents a 25.2% 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 Hilton Grand Vac's revenue growing?

Hilton Grand Vac (HGV) revenue grew by 25.2% year-over-year, from $4.0B to $5.0B in fiscal year 2024.

Is Hilton Grand Vac profitable?

Yes, Hilton Grand Vac (HGV) reported a net income of $47.0M in fiscal year 2024, with a net profit margin of 0.9%.

What is Hilton Grand Vac's earnings per share (EPS)?

Hilton Grand Vac (HGV) reported diluted earnings per share of $0.45 for fiscal year 2024. This represents a -83.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Hilton Grand Vac have?

As of fiscal year 2024, Hilton Grand Vac (HGV) had $328.0M in cash and equivalents against $4.6B in long-term debt.

What is Hilton Grand Vac's net profit margin?

Hilton Grand Vac (HGV) had a net profit margin of 0.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Hilton Grand Vac's return on equity (ROE)?

Hilton Grand Vac (HGV) has a return on equity of 2.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Hilton Grand Vac's free cash flow?

Hilton Grand Vac (HGV) generated $267.0M in free cash flow during fiscal year 2024. This represents a -5.0% 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 Hilton Grand Vac's operating cash flow?

Hilton Grand Vac (HGV) generated $309.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Hilton Grand Vac's total assets?

Hilton Grand Vac (HGV) had $11.4B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Hilton Grand Vac's capital expenditures?

Hilton Grand Vac (HGV) invested $42.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Does Hilton Grand Vac buy back shares?

Yes, Hilton Grand Vac (HGV) spent $432.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Hilton Grand Vac have outstanding?

Hilton Grand Vac (HGV) had 97M shares outstanding as of fiscal year 2024.

What is Hilton Grand Vac's debt-to-equity ratio?

Hilton Grand Vac (HGV) had a debt-to-equity ratio of 2.63 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hilton Grand Vac's return on assets (ROA)?

Hilton Grand Vac (HGV) had a return on assets of 0.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Hilton Grand Vac's Piotroski F-Score?

Hilton Grand Vac (HGV) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hilton Grand Vac's earnings high quality?

Hilton Grand Vac (HGV) has an earnings quality ratio of 6.57x, considered cash-backed (high quality). 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 Hilton Grand Vac?

Hilton Grand Vac (HGV) scores 38 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.