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

Hilton Grand Vac (HGV) reported diluted earnings per share of $0.89 for fiscal year 2025. This represents a 97.8% 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.

Hilton Grand Vac Financials

HGV

FY2025 annual

Revenue $5.0B +1.3% YoY

Net Income $81.0M +72.3% YoY

EPS (Diluted) $0.89 +97.8% YoY

Free Cash Flow $230.0M -13.9% YoY

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Hilton Grand Vac (HGV) reported $5.0B in revenue for fiscal year 2025, up 1.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).

Rhea AI HGV FY2025 2026-04-30

Cash generation remains positive, but higher leverage and buybacks are absorbing the benefit of a larger business and thinning equity.

Revenue added $1.1B from its recent base, but operating cash flow stayed near $300M instead of rising with that scale. Meanwhile, debt-to-equity climbed from 1.4x to 3.5x, so larger scale did not translate into a stronger cash engine.

The balance sheet has become more debt-led: total liabilities reached $10.1B while equity fell to $1.3B. In practice, more of the business now sits ahead of shareholders in the capital structure, making equity returns more sensitive to modest profit changes and leaving less balance-sheet cushioning as assets expand.

Cash earnings still look better than accounting earnings, a useful clue that reported profit is carrying heavier financing and non-cash pressure, because operating cash flow of $300M comfortably exceeded net income of $81M. But buybacks of $600M against free cash flow of $230M show capital returns are being pushed faster than the business is internally funding them.

Financial Health Signals

Financial health score not available

Hilton Grand Vac does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

7/7

Hilton Grand Vac passes 7 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

3.70x

For every $1 of reported earnings, Hilton Grand Vac generates $3.70 in operating cash flow ($300.0M OCF vs $81.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$5.0B

YoY+1.3%

5Y CAGR+41.4%

10Y CAGR+13.1%

Hilton Grand Vac generated $5.0B in revenue in fiscal year 2025. This represents an increase of 1.3% from the prior year.

Net Income

$81.0M

YoY+72.3%

10Y CAGR-7.4%

Hilton Grand Vac reported $81.0M in net income in fiscal year 2025. This represents an increase of 72.3% from the prior year.

EPS (Diluted)

$0.89

YoY+97.8%

10Y CAGR-6.6%

Hilton Grand Vac earned $0.89 per diluted share (EPS) in fiscal year 2025. This represents an increase of 97.8% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$230.0M

YoY-13.9%

5Y CAGR+26.5%

10Y CAGR+5.1%

Hilton Grand Vac generated $230.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 13.9% from the prior year.

Cash & Debt

$239.0M

YoY-27.1%

5Y CAGR-11.0%

10Y CAGR+11.7%

Hilton Grand Vac held $239.0M in cash against $4.5B in long-term debt as of fiscal year 2025.

Shares Outstanding

83M

YoY-14.0%

5Y CAGR-0.5%

Hilton Grand Vac had 83M shares outstanding in fiscal year 2025. This represents a decrease of 14.0% from the prior year.

Dividends Per Share

Not reported for fiscal year 2025.

Margins & Returns

Net Margin

1.6%

YoY+0.7pp

5Y CAGR+24.1pp

10Y CAGR-10.2pp

Hilton Grand Vac's net profit margin was 1.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.

Return on Equity

6.3%

YoY+3.6pp

5Y CAGR+60.0pp

Hilton Grand Vac's ROE was 6.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.6 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks

$600.0M

YoY+38.9%

5Y CAGR+126.8%

Hilton Grand Vac spent $600.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 38.9% from the prior year.

Capital Expenditures

$70.0M

YoY+66.7%

5Y CAGR+54.3%

10Y CAGR+19.3%

Hilton Grand Vac invested $70.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 66.7% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

HGV Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HGV annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Revenue	$5.3B	$5.0B+1.3%	$5.0B+25.2%	$4.0B+3.7%	$3.8B+64.2%	$2.3B+161.2%	$894.0M-51.4%	$1.8B-8.1%	$2.0B+16.8%	$1.7B+8.1%	$1.6B+7.3%	$1.5B
SG&A Expenses	$227.0M	$215.0M+8.0%	$199.0M+2.6%	$194.0M-8.5%	$212.0M+40.4%	$151.0M+64.1%	$92.0M-22.0%	$118.0M-1.7%	$120.0M+15.4%	$104.0M+13.0%	$92.0M+61.4%	$57.0M
Interest Expense	$298.0M	$311.0M-5.5%	$329.0M+84.8%	$178.0M+25.4%	$142.0M+35.2%	$105.0M+144.2%	$43.0M0.0%	$43.0M+43.3%	$30.0M+11.1%	$27.0M+800.0%	$3.0M	$0
Income Tax	$69.0M	$76.0M0.0%	$76.0M-44.1%	$136.0M+5.4%	$129.0M+38.7%	$93.0M+217.7%	-$79.0M-238.6%	$57.0M-45.7%	$105.0M+756.3%	-$16.0M-112.8%	$125.0M+5.9%	$118.0M
Net Income	$151.0M	$81.0M+72.3%	$47.0M-85.0%	$313.0M-11.1%	$352.0M+100.0%	$176.0M+187.6%	-$201.0M-193.2%	$215.7M-27.6%	$298.1M-8.8%	$326.8M+95.0%	$167.6M-3.7%	$174.1M
EPS (Diluted)	—	$0.89+97.8%	$0.45-83.9%	$2.80-4.4%	$2.93+67.4%	$1.75+174.2%	-$2.36-197.5%	$2.42-20.7%	$3.05-7.0%	$3.28+92.9%	$1.70-3.4%	$1.76

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$1.4B+5.7%	$1.3B-3.6%	$1.3B+2.5%	$1.3B+2.7%	$1.3B+10.3%	$1.1B-10.6%	$1.3B-1.7%	$1.3B
SG&A Expenses	$67.0M+36.7%	$49.0M-7.5%	$53.0M-8.6%	$58.0M0.0%	$58.0M+26.1%	$46.0M-11.5%	$52.0M+18.2%	$44.0M
Interest Expense	$70.0M-4.1%	$73.0M-3.9%	$76.0M-3.8%	$79.0M0.0%	$79.0M+2.6%	$77.0M-2.5%	$79.0M-6.0%	$84.0M
Income Tax	$8.0M+33.3%	$6.0M-85.0%	$40.0M+166.7%	$15.0M0.0%	$15.0M+150.0%	$6.0M-73.9%	$23.0M-62.3%	$61.0M
Net Income	$12.0M-81.8%	$66.0M+37.5%	$48.0M+92.0%	$25.0M0.0%	$25.0M+247.1%	-$17.0M-185.0%	$20.0M-31.0%	$29.0M
EPS (Diluted)	$0.15-81.0%	$0.79	N/A	$0.28+12.0%	$0.25+247.1%	-$0.17	N/A	$0.28

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

HGV Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HGV annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Total Assets	$11.5B+0.8%	$11.4B+31.7%	$8.7B+8.5%	$8.0B0.0%	$8.0B+155.5%	$3.1B+1.8%	$3.1B+11.8%	$2.8B+15.5%	$2.4B+9.4%	$2.2B	N/A
Cash & Equivalents	$239.0M-27.1%	$328.0M-44.3%	$589.0M+164.1%	$223.0M-48.4%	$432.0M+0.9%	$428.0M+538.8%	$67.0M-38.0%	$108.0M-56.1%	$246.0M+412.5%	$48.0M-39.2%	$79.0M
Accounts Receivable	$270.0M-14.3%	$315.0M-37.9%	$507.0M-0.8%	$511.0M+69.2%	$302.0M+153.8%	$119.0M-31.6%	$174.0M+13.7%	$153.0M+36.6%	$112.0M-8.9%	$123.0M	N/A
Goodwill	$2.0B0.0%	$2.0B+40.0%	$1.4B+0.1%	$1.4B+2.8%	$1.4B	$0	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.1B+5.8%	$9.5B+45.3%	$6.6B+12.3%	$5.9B-2.8%	$6.0B+118.1%	$2.8B+10.0%	$2.5B+17.4%	$2.1B+14.5%	$1.9B-7.3%	$2.0B	N/A
Long-Term Debt	$4.5B-1.2%	$4.6B+50.9%	$3.0B+15.0%	$2.7B-9.0%	$2.9B+151.3%	$1.2B+40.0%	$828.0M+37.1%	$604.0M+25.3%	$482.0M-1.6%	$490.0M	N/A
Total Equity	$1.3B-26.4%	$1.8B-17.2%	$2.1B-1.7%	$2.2B+8.2%	$2.0B+431.6%	$374.0M-34.4%	$570.0M-7.5%	$616.0M+18.9%	$518.0M+210.2%	$167.0M+257.5%	-$106.0M
Retained Earnings	$34.0M-90.3%	$352.0M-40.6%	$593.0M+12.1%	$529.0M+48.2%	$357.0M+97.2%	$181.0M-53.6%	$390.0M-11.6%	$441.0M+24.2%	$355.0M+1167.9%	$28.0M	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$12.2B+2.5%	$11.9B+3.4%	$11.5B-1.2%	$11.7B-0.5%	$11.7B-0.4%	$11.8B+3.0%	$11.4B+2.6%	$11.2B
Cash & Equivalents	$272.0M+4.2%	$261.0M+9.2%	$239.0M+11.2%	$215.0M-20.1%	$269.0M+3.9%	$259.0M-21.0%	$328.0M+10.4%	$297.0M
Accounts Receivable	$312.0M+13.9%	$274.0M+1.5%	$270.0M-38.6%	$440.0M-0.9%	$444.0M+18.4%	$375.0M+19.0%	$315.0M-21.3%	$400.0M
Goodwill	$2.0B+0.1%	$2.0B0.0%	$2.0B0.0%	$2.0B0.0%	$2.0B0.0%	$2.0B0.0%	$2.0B+1.3%	$2.0B
Total Liabilities	$11.0B+3.7%	$10.6B+4.8%	$10.1B-0.4%	$10.1B+0.4%	$10.1B+0.4%	$10.1B+5.4%	$9.5B+4.1%	$9.2B
Long-Term Debt	$4.9B+2.5%	$4.8B+4.7%	$4.5B-3.7%	$4.7B+3.2%	$4.6B+1.9%	$4.5B-2.5%	$4.6B-8.7%	$5.0B
Total Equity	$1.1B-7.9%	$1.2B-7.1%	$1.3B-6.9%	$1.4B-7.0%	$1.5B-5.9%	$1.6B-9.6%	$1.8B-5.0%	$1.8B
Retained Earnings	-$101.0M-1920.0%	-$5.0M-114.7%	$34.0M-61.4%	$88.0M-47.3%	$167.0M-29.8%	$238.0M-32.4%	$352.0M-15.0%	$414.0M

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities.

HGV Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

HGV annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Operating Cash Flow	$463.0M	$300.0M-2.9%	$309.0M-1.0%	$312.0M-58.2%	$747.0M+344.6%	$168.0M+112.7%	$79.0M-44.8%	$143.0M+187.2%	-$164.0M-146.1%	$356.0M+95.6%	$182.0M+19.7%	$152.0M
Capital Expenditures	$50.0M	$70.0M+66.7%	$42.0M+35.5%	$31.0M-46.6%	$58.0M+222.2%	$18.0M+125.0%	$8.0M-78.4%	$37.0M-15.9%	$44.0M+25.7%	$35.0M+34.6%	$26.0M+116.7%	$12.0M
Free Cash Flow	$413.0M	$230.0M-13.9%	$267.0M-5.0%	$281.0M-59.2%	$689.0M+359.3%	$150.0M+111.3%	$71.0M-33.0%	$106.0M+151.0%	-$208.0M-164.8%	$321.0M+105.8%	$156.0M+11.4%	$140.0M
Investing Cash Flow	-$221.0M	-$146.0M+90.7%	-$1.6B-894.3%	-$158.0M-62.9%	-$97.0M+94.1%	-$1.6B-4842.4%	-$33.0M+47.6%	-$63.0M-10.5%	-$57.0M+34.5%	-$87.0M-155.9%	-$34.0M	N/A
Financing Cash Flow	-$240.0M	-$338.0M-129.2%	$1.2B+531.7%	$183.0M+123.4%	-$782.0M-147.8%	$1.6B+398.8%	$328.0M+403.7%	-$108.0M-203.8%	$104.0M+184.6%	-$123.0M-61.8%	-$76.0M	N/A
Share Buybacks	$600.0M	$600.0M+38.9%	$432.0M+17.4%	$368.0M+35.3%	$272.0M	$0-100.0%	$10.0M-96.5%	$283.0M+54.6%	$183.0M	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$134.0M+4.7%	$128.0M-23.4%	$167.0M+391.2%	$34.0M-44.3%	$61.0M+60.5%	$38.0M-63.8%	$105.0M+15.4%	$91.0M
Capital Expenditures	$3.0M-50.0%	$6.0M-70.0%	$20.0M-4.8%	$21.0M+40.0%	$15.0M+7.1%	$14.0M-6.7%	$15.0M+50.0%	$10.0M
Free Cash Flow	$131.0M+7.4%	$122.0M-17.0%	$147.0M+1030.8%	$13.0M-71.7%	$46.0M+91.7%	$24.0M-73.3%	$90.0M+11.1%	$81.0M
Investing Cash Flow	-$121.0M-505.0%	-$20.0M+52.4%	-$42.0M-10.5%	-$38.0M-11.8%	-$34.0M-6.3%	-$32.0M+43.9%	-$57.0M-78.1%	-$32.0M
Financing Cash Flow	$7.0M+105.7%	-$122.0M-41.9%	-$86.0M-120.5%	-$39.0M-225.0%	-$12.0M+94.0%	-$201.0M-208.6%	$185.0M+242.3%	-$130.0M
Share Buybacks	$150.0M0.0%	$150.0M0.0%	$150.0M0.0%	$150.0M0.0%	$150.0M0.0%	$150.0M+20.0%	$125.0M+15.7%	$108.0M

Not reported in any period shown, so not listed: Dividends Paid.

HGV Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

HGV annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Net Margin	1.6%+0.7pp	0.9%-6.9pp	7.9%-1.3pp	9.2%+1.6pp	7.5%+30.0pp	-22.5%-34.2pp	11.7%-3.2pp	14.9%-4.2pp	19.1%+8.5pp	10.6%-1.2pp	11.8%
Return on Equity	6.3%+3.6pp	2.7%-12.1pp	14.8%-1.6pp	16.4%+7.5pp	8.8%+62.6pp	-53.7%-91.6pp	37.8%-10.6pp	48.4%-14.7pp	63.1%-37.3pp	100.4%	N/A
Return on Assets	0.7%+0.3pp	0.4%-3.2pp	3.6%-0.8pp	4.4%+2.2pp	2.2%+8.6pp	-6.4%-13.4pp	7.0%-3.8pp	10.8%-2.9pp	13.7%+6.0pp	7.7%	N/A
Debt-to-Equity	3.53+0.9x	2.63+1.2x	1.44+0.2x	1.23-0.2x	1.47-1.6x	3.10+1.6x	1.45+0.5x	0.98+0.1x	0.93-2.0x	2.93	N/A
FCF Margin	4.6%-0.8pp	5.4%-1.7pp	7.1%-10.9pp	18.0%+11.6pp	6.4%-1.5pp	7.9%+2.2pp	5.8%+16.2pp	-10.4%-29.2pp	18.8%+8.9pp	9.8%+0.4pp	9.5%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Net Margin	0.9%-4.3pp	5.1%+1.5pp	3.6%+1.7pp	1.9%-0.1pp	2.0%+3.5pp	-1.5%-3.0pp	1.6%-0.7pp	2.2%
Return on Equity	1.1%-4.4pp	5.5%+1.8pp	3.7%+1.9pp	1.8%+0.1pp	1.7%+2.7pp	-1.1%-2.2pp	1.1%-0.4pp	1.6%
Return on Assets	0.1%-0.4pp	0.5%+0.1pp	0.4%+0.2pp	0.2%0.0pp	0.2%+0.3pp	-0.1%-0.3pp	0.2%-0.1pp	0.3%
Debt-to-Equity	4.42+0.5x	3.97+0.4x	3.53+0.1x	3.41+0.3x	3.07+0.2x	2.83+0.2x	2.63-0.1x	2.73
FCF Margin	9.7%+0.2pp	9.5%-1.5pp	11.0%+10.0pp	1.0%-2.6pp	3.6%+1.5pp	2.1%-4.9pp	7.0%+0.8pp	6.2%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Melco Resorts And Entmnt Ltd MLCO

$2.1B

Marriott Vacations Worldwide C VAC

$4.0B

Vail Resorts MTN

$5.3B

Penn Ent PENN

$2.4B

Red Rock Resorts Inc RRR

$3.5B

Where Hilton Grand Vac Ranks

Frequently Asked Questions

What is Hilton Grand Vac's annual revenue?

Hilton Grand Vac (HGV) reported $5.0B in total revenue for fiscal year 2025. This represents a 1.3% 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 1.3% year-over-year, from $5.0B to $5.0B in fiscal year 2025.

Is Hilton Grand Vac profitable?

Yes, Hilton Grand Vac (HGV) reported a net income of $81.0M in fiscal year 2025, with a net profit margin of 1.6%.

How much debt does Hilton Grand Vac have?

As of fiscal year 2025, Hilton Grand Vac (HGV) had $239.0M in cash and equivalents against $4.5B in long-term debt.

What is Hilton Grand Vac's net profit margin?

Hilton Grand Vac (HGV) had a net profit margin of 1.6% in fiscal year 2025, 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 6.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Hilton Grand Vac's free cash flow?

Hilton Grand Vac (HGV) generated $230.0M in free cash flow during fiscal year 2025. This represents a -13.9% 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 $300.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Hilton Grand Vac's total assets?

Hilton Grand Vac (HGV) had $11.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Hilton Grand Vac's capital expenditures?

Hilton Grand Vac (HGV) invested $70.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Hilton Grand Vac buy back shares?

Yes, Hilton Grand Vac (HGV) spent $600.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Hilton Grand Vac have outstanding?

Hilton Grand Vac (HGV) had 83M shares outstanding as of fiscal year 2025.

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

Hilton Grand Vac (HGV) had a debt-to-equity ratio of 3.53 as of fiscal year 2025, 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 0.7% for fiscal year 2025, 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 7 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 3.70x, 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.