Hilton Grand Vacations (HGV) Financials

$44.76 -0.10 (-0.22%)

Closing price 03:59 PM Eastern

Extended Trading

$44.86 +0.09 (+0.21%)

As of 04:33 PM Eastern

Annual Income Statements for Hilton Grand Vacations

This table shows Hilton Grand Vacations' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	174	168	327	298	216	-201	282	352	313	47	81
Consolidated Net Income / (Loss)	174	168	327	298	216	-201	176	352	313	60	99
Net Income / (Loss) Continuing Operations	174	168	327	298	216	-201	282	352	313	60	99
Total Pre-Tax Income	292	293	311	403	273	-280	269	481	449	136	175
Total Operating Income	321	323	337	434	315	-245	496	611	613	458	460
Total Gross Profit	1,196	439	470	587	477	101	775	1,084	1,023	927	951
Total Revenue	1,475	1,583	1,711	1,999	1,838	894	2,335	3,835	3,978	4,981	5,047
Operating Revenue	1,475	1,583	1,711	1,999	1,838	894	2,335	3,835	3,978	4,981	5,047
Total Cost of Revenue	279	1,144	1,241	1,412	1,361	793	1,560	2,751	2,955	4,054	4,096
Operating Cost of Revenue	279	1,144	1,241	1,412	1,361	793	1,560	2,751	2,955	4,054	4,096
Total Operating Expenses	875	116	133	153	162	346	279	473	410	469	491
Selling, General & Admin Expense	57	92	104	120	118	92	151	212	194	199	215
Depreciation Expense	22	24	29	33	44	45	126	244	213	268	273
Impairment Charge	-	-	-	0.00	0.00	209	2.00	17	3.00	2.00	3.00
Total Other Income / (Expense), net	-29	-30	-26	-31	-42	-35	-121	-130	-164	-322	-285
Interest Expense	29	29	27	30	43	43	105	142	178	329	311
Interest & Investment Income	0.00	0.00	1.00	0.00	4.00	5.00	10	13	12	18	19
Other Income / (Expense), net	0.00	-1.00	0.00	-1.00	-3.00	3.00	-26	-1.00	2.00	-11	7.00
Income Tax Expense	118	125	-16	105	57	-79	93	129	136	76	76
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	-	-	-	0.00	0.00	13	18
Basic Earnings per Share	$1.76	$1.70	$3.30	$3.07	$2.43	($2.36)	$1.77	$2.98	$2.84	$0.46	$0.90
Weighted Average Basic Shares Outstanding	-	-	94.62M	97.10M	85.54M	85.24M	119.93M	112.18M	104.48M	95.28M	81.42M
Diluted Earnings per Share	$1.76	$1.70	$3.28	$3.05	$2.42	($2.36)	$1.75	$2.93	$2.80	$0.45	$0.89
Weighted Average Diluted Shares Outstanding	-	-	94.62M	97.10M	85.54M	85.24M	119.93M	112.18M	104.48M	95.28M	81.42M
Weighted Average Basic & Diluted Shares Outstanding	-	-	94.62M	97.10M	85.54M	85.24M	119.93M	112.18M	104.48M	95.28M	81.42M

This table shows Hilton Grand Vacations' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	92	68	-4.00	2.00	29	20	-17	25	25	48	66
Consolidated Net Income / (Loss)	92	68	-2.00	4.00	32	26	-12	28	30	53	68
Net Income / (Loss) Continuing Operations	92	68	-2.00	4.00	32	26	-12	28	30	53	68
Total Pre-Tax Income	136	108	-13	7.00	93	49	-6.00	43	45	93	74
Total Operating Income	180	149	66	94	164	134	60	112	121	167	143
Total Gross Profit	273	270	175	220	276	256	173	230	247	301	263
Total Revenue	1,018	1,019	1,156	1,235	1,306	1,284	1,148	1,266	1,300	1,333	1,285
Operating Revenue	1,018	1,019	1,156	1,235	1,306	1,284	1,148	1,266	1,300	1,333	1,285
Total Cost of Revenue	745	749	981	1,015	1,030	1,028	975	1,036	1,053	1,032	1,022
Operating Cost of Revenue	745	749	981	1,015	1,030	1,028	975	1,036	1,053	1,032	1,022
Total Operating Expenses	93	121	109	126	112	122	113	118	126	134	120
Selling, General & Admin Expense	40	64	45	58	44	52	46	58	58	53	49
Depreciation Expense	53	57	62	68	68	70	67	59	67	80	71
Total Other Income / (Expense), net	-44	-41	-79	-87	-71	-85	-66	-69	-76	-74	-69
Interest Expense	45	45	79	87	84	79	77	79	79	76	73
Interest & Investment Income	2.00	5.00	5.00	3.00	4.00	6.00	5.00	6.00	6.00	2.00	5.00
Other Income / (Expense), net	-1.00	-1.00	-5.00	-3.00	9.00	-12	6.00	4.00	-3.00	-	-1.00
Income Tax Expense	44	40	-11	3.00	61	23	6.00	15	15	40	6.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-	2.00	2.00	3.00	6.00	5.00	3.00	5.00	5.00	2.00
Basic Earnings per Share	$0.84	$0.63	($0.04)	$0.02	$0.28	$0.20	($0.17)	$0.26	$0.28	$0.53	$0.81
Weighted Average Basic Shares Outstanding	107.98M	104.48M	103.70M	101.50M	98.49M	95.28M	91.67M	89.17M	85.54M	81.42M	79.76M
Diluted Earnings per Share	$0.83	$0.62	($0.04)	$0.02	$0.28	$0.19	($0.17)	$0.25	$0.28	$0.53	$0.79
Weighted Average Diluted Shares Outstanding	107.98M	104.48M	103.70M	101.50M	98.49M	95.28M	91.67M	89.17M	85.54M	81.42M	79.76M
Weighted Average Basic & Diluted Shares Outstanding	107.98M	104.48M	103.70M	101.50M	98.49M	95.28M	91.67M	89.17M	85.54M	81.42M	79.76M

This table details how cash moves in and out of Hilton Grand Vacations' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	15	72	146	-117	-28	374	169	-140	330	-119	-195
Net Cash From Operating Activities	152	182	356	-164	143	79	168	747	312	309	300
Net Cash From Continuing Operating Activities	152	182	356	-164	143	79	168	747	312	309	300
Net Income / (Loss) Continuing Operations	174	168	327	298	216	-201	176	352	313	60	99
Consolidated Net Income / (Loss)	174	168	327	298	216	-201	176	352	313	60	99
Depreciation Expense	22	24	29	33	44	45	126	244	213	268	273
Amortization Expense	5.00	5.00	5.00	10	17	18	39	52	33	83	73
Non-Cash Adjustments To Reconcile Net Income	39	50	72	-211	-59	259	136	224	206	314	417
Changes in Operating Assets and Liabilities, net	-88	-65	-77	-294	-75	-42	-309	-125	-453	-416	-562
Net Cash From Investing Activities	-18	-34	-87	-57	-63	-33	-1,631	-97	-158	-1,571	-146
Net Cash From Continuing Investing Activities	-18	-34	-87	-57	-63	-33	-1,631	-97	-158	-1,571	-146
Purchase of Property, Plant & Equipment	-18	-34	-47	-58	-61	-31	-39	-97	-75	-126	-146
Acquisitions	-	-	-	-	0.00	0.00	-1,592	0.00	-74	-1,444	0.00
Other Investing Activities, net	-	-	-	-	-	-	0.00	0.00	-9.00	-1.00	0.00
Net Cash From Financing Activities	-119	-76	-123	104	-108	328	1,636	-782	183	1,156	-338
Net Cash From Continuing Financing Activities	-119	-76	-123	104	-108	328	1,636	-782	183	1,156	-338
Repayment of Debt	-125	-9.00	-474	-905	-674	-651	-1,586	-1,318	-1,078	-3,007	-6,274
Repurchase of Common Equity	-	0.00	0.00	-183	-283	-10	0.00	-272	-368	-432	-600
Payment of Dividends	-2.00	-	-	-	-	-	-	0.00	0.00	-10	-10
Issuance of Debt	-87	500	350	1,193	850	990	3,214	809	1,626	4,607	6,527
Issuance of Common Equity	-	-	0.00	0.00	3.00	2.00	1.00	5.00	8.00	12	15
Other Financing Activities, net	95	-567	1.00	-1.00	-4.00	-3.00	7.00	-6.00	-5.00	-14	4.00
Effect of Exchange Rate Changes	-	-	-	-	0.00	0.00	-4.00	-8.00	-7.00	-13	-11

This table details how cash moves in and out of Hilton Grand Vacations' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-53	350	-207	-77	-60	225	-195	21	-49	28	-19
Net Cash From Operating Activities	92	-	0.00	113	91	105	38	61	34	167	128
Net Cash From Continuing Operating Activities	92	-	0.00	113	91	105	38	61	34	167	128
Net Income / (Loss) Continuing Operations	92	68	-2.00	4.00	32	26	-12	28	30	53	68
Consolidated Net Income / (Loss)	92	68	-2.00	4.00	32	26	-12	28	30	53	68
Depreciation Expense	53	57	62	68	68	70	67	59	67	80	71
Amortization Expense	8.00	11	25	38	33	-13	19	18	20	16	15
Non-Cash Adjustments To Reconcile Net Income	35	45	42	101	111	60	43	105	135	134	87
Changes in Operating Assets and Liabilities, net	-96	-181	-127	-98	-153	-38	-79	-149	-218	-116	-113
Net Cash From Investing Activities	-22	-111	-1,473	-9.00	-32	-57	-32	-34	-38	-42	-20
Net Cash From Continuing Investing Activities	-22	-111	-1,473	-9.00	-32	-57	-32	-34	-38	-42	-20
Purchase of Property, Plant & Equipment	-22	-28	-19	-18	-32	-57	-32	-34	-38	-42	-20
Net Cash From Financing Activities	-118	453	1,272	-171	-130	185	-201	-12	-39	-86	-122
Net Cash From Continuing Financing Activities	-118	453	1,272	-171	-130	185	-201	-12	-39	-86	-122
Repayment of Debt	-351	-171	-964	-717	-172	-1,154	-1,439	-1,593	-1,772	-1,470	-1,299
Repurchase of Common Equity	-62	-100	-99	-100	-108	-125	-150	-150	-150	-150	-150
Issuance of Debt	293	720	2,350	640	155	1,462	1,395	1,722	1,875	1,535	1,340
Other Financing Activities, net	2.00	-	-15	1.00	-	-	-7.00	1.00	8.00	2.00	-13
Effect of Exchange Rate Changes	-5.00	8.00	-6.00	-10	11	-8.00	0.00	6.00	-6.00	-11	-5.00

This table presents Hilton Grand Vacations' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2016	12/31/2018	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,180	2,753	2,753	3,079	3,134	8,008	8,004	8,685	11,442	11,537
Total Current Assets	1,812	1,980	1,980	2,040	2,321	997	3,992	4,905	6,331	6,478
Cash & Equivalents	48	108	108	67	428	432	223	589	328	239
Restricted Cash	103	72	72	85	98	263	332	296	438	332
Note & Lease Receivable	1,025	1,120	1,120	1,156	974	-	1,767	2,113	3,006	3,115
Accounts Receivable	123	153	153	174	119	302	511	507	315	270
Inventories, net	513	527	527	558	702	-	1,159	1,400	2,244	2,522
Plant, Property, & Equipment, net	256	559	559	838	501	756	798	758	792	859
Total Noncurrent Assets	112	214	214	201	312	6,255	3,214	3,022	4,319	4,200
Long-Term Investments	0.00	38	38	44	51	59	72	71	73	63
Goodwill	-	-	-	-	0.00	1,377	1,416	1,418	1,985	1,985
Intangible Assets	70	81	81	77	81	1,441	1,277	1,158	1,787	1,670
Other Noncurrent Operating Assets	42	95	95	80	180	1,631	449	375	474	482
Total Liabilities & Shareholders' Equity	2,180	2,753	2,753	3,079	3,134	8,008	8,004	8,685	11,442	11,537
Total Liabilities	2,013	2,137	2,137	2,509	2,760	6,020	5,853	6,570	9,547	10,097
Total Current Liabilities	440	324	419	484	514	673	1,197	1,167	1,377	1,655
Accounts Payable	231	324	324	298	252	673	1,007	952	1,125	1,018
Current Deferred Revenue	106	-	95	186	262	-	190	215	252	637
Total Noncurrent Liabilities	1,573	1,813	1,718	2,025	2,246	5,347	4,656	5,403	8,170	8,442
Long-Term Debt	1,184	1,363	1,363	1,575	1,925	4,241	3,753	4,515	6,919	7,261
Noncurrent Deferred & Payable Income Tax Liabilities	389	254	254	259	137	670	659	631	925	864
Other Noncurrent Operating Liabilities	-	101	101	115	184	199	244	257	326	317
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	167	616	616	570	374	1,988	2,151	2,115	1,895	1,440
Total Preferred & Common Equity	167	616	616	570	374	1,988	2,151	2,115	1,752	1,289
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	167	616	616	570	374	1,988	2,151	2,115	1,752	1,289
Common Stock	139	175	175	180	193	1,631	1,583	1,505	1,400	1,277
Retained Earnings	28	441	441	390	181	357	529	593	352	34
Accumulated Other Comprehensive Income / (Loss)	-	-	-	-	0.00	0.00	39	17	0.00	-22
Noncontrolling Interest	-	-	-	-	-	-	-	0.00	143	151

This table presents Hilton Grand Vacations' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	8,046	8,478	8,151	8,009	11,664	11,467	11,154	11,789	11,738	11,680	11,935
Total Current Assets	1,142	1,255	1,073	976	6,028	6,030	6,193	6,230	6,421	6,496	6,497
Cash & Equivalents	425	389	252	227	355	328	297	259	269	215	261
Restricted Cash	319	363	336	308	323	273	244	311	323	328	291
Note & Lease Receivable	-	-	-	-	3,030	2,976	3,009	2,986	2,979	3,059	3,130
Accounts Receivable	398	503	485	441	515	524	400	375	444	440	274
Inventories, net	-	-	-	-	1,805	1,929	2,243	2,299	2,406	2,454	2,541
Plant, Property, & Equipment, net	776	797	807	789	953	902	652	861	828	854	871
Total Noncurrent Assets	6,128	6,426	6,271	6,244	4,683	4,535	4,309	4,698	4,489	4,330	4,567
Long-Term Investments	69	75	72	74	78	78	73	72	74	79	68
Goodwill	1,416	1,416	1,416	1,416	1,943	1,933	1,960	1,985	1,985	1,985	1,985
Intangible Assets	1,318	1,244	1,213	1,186	1,927	1,887	1,794	1,800	1,760	1,726	1,627
Other Noncurrent Operating Assets	1,582	1,937	1,792	1,747	735	637	482	841	670	540	887
Total Liabilities & Shareholders' Equity	8,046	8,478	8,151	8,009	11,664	11,467	11,154	11,789	11,738	11,680	11,935
Total Liabilities	5,889	6,346	6,046	5,861	9,500	9,387	9,167	10,058	10,098	10,139	10,585
Total Current Liabilities	978	1,089	1,043	942	1,558	1,480	1,270	1,860	1,767	1,702	2,093
Accounts Payable	978	1,089	1,043	942	1,176	1,159	1,057	1,340	1,216	1,067	1,268
Current Deferred Revenue	-	-	-	-	382	321	213	520	551	635	825
Total Noncurrent Liabilities	4,911	5,257	5,003	4,919	7,942	7,907	7,897	8,198	8,331	8,437	8,492
Long-Term Debt	3,773	4,035	3,824	3,768	6,678	6,610	6,603	6,934	7,073	7,191	7,309
Noncurrent Deferred & Payable Income Tax Liabilities	703	656	658	657	980	972	967	929	928	927	864
Other Noncurrent Operating Liabilities	212	262	268	265	284	325	327	335	330	319	319
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,157	2,132	2,105	2,148	2,164	2,080	1,987	1,731	1,640	1,541	1,350
Total Preferred & Common Equity	2,157	2,132	2,105	2,148	2,004	1,918	1,845	1,583	1,489	1,385	1,197
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,157	2,132	2,105	2,148	2,004	1,918	1,845	1,583	1,489	1,385	1,197
Common Stock	1,608	1,560	1,542	1,536	1,468	1,457	1,429	1,352	1,327	1,309	1,227
Retained Earnings	517	543	539	588	521	456	414	238	167	88	-5.00
Accumulated Other Comprehensive Income / (Loss)	32	29	24	24	15	5.00	2.00	-7.00	-5.00	-12	-25
Noncontrolling Interest	-	-	-	-	160	162	142	148	151	156	153

This table displays calculated financial ratios and metrics derived from Hilton Grand Vacations' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	7.32%	8.09%	16.83%	-8.05%	-51.36%	161.19%	64.24%	3.73%	25.21%	1.33%
EBITDA Growth	0.00%	0.86%	5.70%	28.30%	-21.64%	-147.99%	454.75%	42.68%	-4.97%	-7.32%	1.88%
EBIT Growth	0.00%	0.31%	4.66%	28.49%	-27.94%	-177.56%	294.21%	29.79%	0.82%	-27.32%	4.47%
NOPAT Growth	0.00%	-3.18%	91.33%	-9.43%	-22.34%	-168.81%	289.22%	37.78%	-4.43%	-52.72%	28.79%
Net Income Growth	0.00%	-3.72%	94.95%	-8.77%	-27.65%	-193.19%	187.56%	100.00%	-11.08%	-80.83%	65.00%
EPS Growth	0.00%	-3.41%	92.94%	-7.01%	-20.66%	-197.52%	174.15%	67.43%	-4.44%	-83.93%	97.78%
Operating Cash Flow Growth	0.00%	19.74%	95.60%	-146.07%	187.20%	-44.76%	112.66%	344.64%	-58.23%	-0.96%	-2.91%
Free Cash Flow Firm Growth	0.00%	0.00%	79.64%	255.29%	-104.60%	990.36%	-2,707.21%	118.82%	-95.30%	-7,021.45%	108.01%
Invested Capital Growth	0.00%	0.00%	46.75%	0.00%	14.99%	-14.96%	217.94%	-3.62%	7.52%	40.55%	1.15%
Revenue Q/Q Growth	0.00%	0.00%	1.91%	10.81%	-8.65%	-22.26%	36.63%	4.18%	0.68%	5.62%	0.98%
EBITDA Q/Q Growth	0.00%	0.00%	3.06%	22.68%	-18.02%	-254.31%	477.27%	-12.12%	-6.21%	-4.43%	11.52%
EBIT Q/Q Growth	0.00%	0.00%	3.37%	23.71%	-21.41%	-565.38%	11,650.00%	-17.68%	-6.68%	-5.50%	10.66%
NOPAT Q/Q Growth	0.00%	0.00%	76.77%	-18.68%	-15.04%	-649.68%	1,915.65%	-12.00%	-12.94%	-18.33%	10.88%
Net Income Q/Q Growth	0.00%	0.00%	80.18%	-17.33%	-18.38%	-896.61%	428.39%	0.75%	-3.10%	-41.18%	37.50%
EPS Q/Q Growth	0.00%	0.00%	78.26%	-16.44%	-14.49%	-974.07%	296.63%	-5.18%	-1.75%	-48.86%	61.82%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	2.30%	-10.81%	-23.53%	-4.82%	479.31%	-16.54%	5.41%	51.47%	26.05%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	307.90%	-115.17%	421.83%	5.34%	-27.03%	-89.92%	13.32%	67.08%
Invested Capital Q/Q Growth	0.00%	0.00%	59.51%	6.53%	9.52%	-7.17%	-0.33%	3.13%	6.92%	-0.01%	-0.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.08%	27.73%	27.47%	29.36%	25.95%	11.30%	33.19%	28.27%	25.72%	18.61%	18.84%
EBITDA Margin	23.59%	22.17%	21.68%	23.81%	20.29%	-20.02%	27.19%	23.62%	21.64%	16.02%	16.11%
Operating Margin	21.76%	20.40%	19.70%	21.71%	17.14%	-27.40%	21.24%	15.93%	15.41%	9.19%	9.11%
EBIT Margin	21.76%	20.34%	19.70%	21.66%	16.98%	-27.07%	20.13%	15.91%	15.46%	8.97%	9.25%
Profit (Net Income) Margin	11.80%	10.59%	19.10%	14.91%	11.74%	-22.48%	7.54%	9.18%	7.87%	1.20%	1.96%
Tax Burden Percent	59.62%	57.21%	105.07%	73.98%	79.01%	71.79%	65.43%	73.18%	69.71%	44.12%	56.57%
Interest Burden Percent	90.97%	90.99%	92.28%	93.07%	87.50%	115.70%	57.23%	78.85%	73.01%	30.43%	37.47%
Effective Tax Rate	40.41%	42.66%	-5.14%	26.05%	20.88%	0.00%	34.57%	26.82%	30.29%	55.88%	43.43%
Return on Invested Capital (ROIC)	0.00%	30.87%	23.93%	18.22%	13.17%	-9.15%	9.02%	8.32%	7.80%	2.96%	3.24%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	27.46%	21.40%	16.23%	10.59%	-11.26%	2.87%	5.44%	4.38%	0.01%	0.71%
Return on Net Nonoperating Assets (RNNOA)	0.00%	169.87%	59.53%	30.17%	23.21%	-33.43%	5.88%	8.69%	6.87%	0.03%	2.69%
Return on Equity (ROE)	0.00%	200.74%	83.47%	48.40%	36.37%	-42.58%	14.90%	17.01%	14.67%	2.99%	5.94%
Cash Return on Invested Capital (CROIC)	0.00%	-169.13%	-13.96%	18.22%	-0.78%	7.02%	-95.28%	12.00%	0.55%	-30.76%	2.10%
Operating Return on Assets (OROA)	0.00%	14.77%	13.66%	15.73%	10.70%	-7.79%	8.44%	7.62%	7.37%	4.44%	4.06%
Return on Assets (ROA)	0.00%	7.69%	13.25%	10.83%	7.40%	-6.47%	3.16%	4.40%	3.75%	0.60%	0.86%
Return on Common Equity (ROCE)	0.00%	200.74%	83.47%	48.40%	36.37%	-42.58%	14.90%	17.01%	14.67%	2.89%	5.41%
Return on Equity Simple (ROE_SIMPLE)	0.00%	100.37%	53.05%	48.40%	37.84%	-53.74%	8.85%	16.36%	14.80%	3.42%	0.00%
Net Operating Profit after Tax (NOPAT)	191	185	354	321	249	-172	325	447	427	202	260
NOPAT Margin	12.97%	11.70%	20.71%	16.05%	13.56%	-19.18%	13.90%	11.66%	10.74%	4.06%	5.16%
Net Nonoperating Expense Percent (NNEP)	0.00%	3.40%	2.53%	1.99%	2.58%	2.10%	6.14%	2.88%	3.42%	2.95%	2.54%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	7.57%	6.45%	2.29%	2.99%
Cost of Revenue to Revenue	18.92%	72.27%	72.53%	70.64%	74.05%	88.70%	66.81%	71.73%	74.28%	81.39%	81.16%
SG&A Expenses to Revenue	3.86%	5.81%	6.08%	6.00%	6.42%	10.29%	6.47%	5.53%	4.88%	4.00%	4.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	59.32%	7.33%	7.77%	7.65%	8.81%	38.70%	11.95%	12.33%	10.31%	9.42%	9.73%
Earnings before Interest and Taxes (EBIT)	321	322	337	433	312	-242	470	610	615	447	467
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	348	351	371	476	373	-179	635	906	861	798	813
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	6.75	4.15	5.16	7.13	3.14	2.06	2.05	2.19	2.97
Price to Tangible Book Value (P/TBV)	0.00	0.00	7.77	4.78	5.96	9.11	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	2.43	1.28	1.60	2.98	2.67	1.16	1.09	0.77	0.76
Price to Earnings (P/E)	0.00	0.00	12.72	8.58	13.63	0.00	22.14	12.60	13.86	81.62	47.26
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	7.86%	11.66%	7.34%	0.00%	4.52%	7.94%	7.21%	1.23%	2.12%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	3.01	2.10	2.17	2.33	1.78	1.43	1.39	1.26	1.31
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	3.10	1.85	2.39	4.49	4.17	1.97	1.99	2.02	2.10
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	14.29	7.78	11.78	0.00	15.33	8.34	9.17	12.61	13.05
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	15.73	8.55	14.08	0.00	20.71	12.39	12.84	22.50	22.71
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	14.96	11.54	17.63	0.00	29.99	16.91	18.48	49.78	40.76
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	14.89	0.00	30.73	50.84	57.93	10.12	25.31	32.55	35.35
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	11.54	0.00	30.54	0.00	11.72	260.44	0.00	63.05
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	7.09	2.21	2.21	2.90	5.15	2.13	1.74	2.13	3.65	5.04
Long-Term Debt to Equity	0.00	7.09	2.21	2.21	2.90	5.15	2.13	1.74	2.13	3.65	5.04
Financial Leverage	0.00	6.19	2.78	1.86	2.19	2.97	2.05	1.60	1.57	2.40	3.81
Leverage Ratio	0.00	13.05	6.30	4.47	4.92	6.58	4.72	3.87	3.91	5.02	6.89
Compound Leverage Factor	0.00	11.88	5.81	4.16	4.30	7.62	2.70	3.05	2.86	1.53	2.58
Debt to Total Capital	0.00%	87.64%	68.87%	68.87%	74.34%	83.73%	68.08%	63.57%	68.10%	78.50%	83.45%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	87.64%	68.87%	68.87%	74.34%	83.73%	68.08%	63.57%	68.10%	78.50%	83.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.62%	1.74%
Common Equity to Total Capital	0.00%	12.36%	31.13%	31.13%	25.66%	16.27%	31.92%	36.43%	31.90%	19.88%	14.81%
Debt to EBITDA	0.00	3.37	3.67	2.86	4.43	-10.75	6.68	4.14	5.24	8.67	8.93
Net Debt to EBITDA	0.00	2.94	3.09	2.41	3.90	-7.53	5.49	3.45	4.13	7.62	8.15
Long-Term Debt to EBITDA	0.00	3.37	3.67	2.86	4.43	-10.75	6.68	4.14	5.24	8.67	8.93
Debt to NOPAT	0.00	6.39	3.85	4.25	6.62	-11.22	13.07	8.39	10.57	34.24	27.90
Net Debt to NOPAT	0.00	5.58	3.23	3.57	5.84	-7.86	10.75	6.99	8.33	30.09	25.47
Long-Term Debt to NOPAT	0.00	6.39	3.85	4.25	6.62	-11.22	13.07	8.39	10.57	34.24	27.90
Altman Z-Score	0.00	0.00	3.14	2.87	2.42	1.38	1.22	1.70	1.70	1.37	1.30
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.57%	8.82%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	4.12	6.11	4.73	4.21	4.52	1.48	3.34	4.20	4.60	3.91
Quick Ratio	0.00	2.72	4.26	3.30	2.89	2.96	1.09	2.09	2.75	2.65	2.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-1,015	-207	321	-15	132	-3,428	645	30	-2,099	168
Operating Cash Flow to CapEx	844.44%	535.29%	757.45%	-282.76%	234.43%	254.84%	430.77%	770.10%	416.00%	245.24%	205.48%
Free Cash Flow to Firm to Interest Expense	0.00	-34.99	-7.65	10.70	-0.34	3.06	-32.65	4.54	0.17	-6.38	0.54
Operating Cash Flow to Interest Expense	5.24	6.28	13.19	-5.47	3.33	1.84	1.60	5.26	1.75	0.94	0.96
Operating Cash Flow Less CapEx to Interest Expense	4.62	5.10	11.44	-7.40	1.91	1.12	1.23	4.58	1.33	0.56	0.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.73	0.69	0.73	0.63	0.29	0.42	0.48	0.48	0.50	0.44
Accounts Receivable Turnover	0.00	12.87	12.40	13.07	11.24	6.10	11.09	9.43	7.82	12.12	17.25
Inventory Turnover	0.00	2.23	2.39	2.68	2.51	1.26	0.00	0.00	2.31	2.23	1.72
Fixed Asset Turnover	0.00	6.18	4.20	3.58	2.63	1.34	3.72	4.94	5.11	6.43	6.11
Accounts Payable Turnover	0.00	4.95	4.47	4.36	4.38	2.88	3.37	3.28	3.02	3.90	3.82
Days Sales Outstanding (DSO)	0.00	28.36	29.44	27.94	32.47	59.81	32.90	38.69	46.70	30.12	21.15
Days Inventory Outstanding (DIO)	0.00	163.68	152.94	136.23	145.49	289.97	0.00	0.00	158.04	164.04	212.35
Days Payable Outstanding (DPO)	0.00	73.70	81.62	83.75	83.41	126.58	108.21	111.45	120.99	93.50	95.48
Cash Conversion Cycle (CCC)	0.00	118.33	100.76	80.41	94.55	223.21	-75.31	-72.76	83.76	100.66	138.02
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	1,200	1,761	1,761	2,025	1,722	5,475	5,277	5,674	7,975	8,067
Invested Capital Turnover	0.00	2.64	1.16	1.14	0.97	0.48	0.65	0.71	0.73	0.73	0.63
Increase / (Decrease) in Invested Capital	0.00	1,200	561	0.00	264	-303	3,753	-198	397	2,301	92
Enterprise Value (EV)	0.00	0.00	5,302	3,702	4,394	4,016	9,732	7,560	7,898	10,059	10,606
Market Capitalization	0.00	0.00	4,157	2,557	2,939	2,668	6,245	4,434	4,339	3,836	3,828
Book Value per Share	$0.00	$0.00	$6.22	$6.36	$6.67	$4.39	$16.59	$18.70	$19.59	$17.79	$15.07
Tangible Book Value per Share	$0.00	$0.00	$5.40	$5.52	$5.77	$3.44	($6.93)	($4.71)	($4.27)	($20.51)	($27.66)
Total Capital	0.00	1,351	1,979	1,979	2,221	2,299	6,229	5,904	6,630	8,814	8,701
Total Debt	0.00	1,184	1,363	1,363	1,651	1,925	4,241	3,753	4,515	6,919	7,261
Total Long-Term Debt	0.00	1,184	1,363	1,363	1,651	1,925	4,241	3,753	4,515	6,919	7,261
Net Debt	0.00	1,033	1,145	1,145	1,455	1,348	3,487	3,126	3,559	6,080	6,627
Capital Expenditures (CapEx)	18	34	47	58	61	31	39	97	75	126	146
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	1,221	1,476	1,381	1,404	1,281	-371	2,240	2,853	4,188	4,252
Debt-free Net Working Capital (DFNWC)	0.00	1,372	1,656	1,561	1,556	1,807	324	2,795	3,738	4,954	4,823
Net Working Capital (NWC)	0.00	1,372	1,656	1,561	1,556	1,807	324	2,795	3,738	4,954	4,823
Net Nonoperating Expense (NNE)	17	18	28	23	34	30	149	95	114	142	161
Net Nonoperating Obligations (NNO)	0.00	1,033	1,145	1,145	1,455	1,348	3,487	3,126	3,559	6,080	6,627
Total Depreciation and Amortization (D&A)	27	29	34	43	61	63	165	296	246	351	346
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	77.13%	86.27%	69.08%	76.39%	143.29%	-15.89%	58.41%	71.72%	84.08%	84.25%
Debt-free Net Working Capital to Revenue	0.00%	86.67%	96.79%	78.09%	84.66%	202.13%	13.88%	72.88%	93.97%	99.46%	95.56%
Net Working Capital to Revenue	0.00%	86.67%	96.79%	78.09%	84.66%	202.13%	13.88%	72.88%	93.97%	99.46%	95.56%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.43	($2.36)	$1.77	$2.98	$2.84	$0.46	$0.90
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	85.54M	85.24M	119.93M	112.18M	104.48M	95.28M	81.42M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.42	($2.36)	$1.75	$2.93	$2.80	$0.45	$0.89
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	85.54M	85.24M	119.93M	112.18M	104.48M	95.28M	81.42M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	85.54M	85.24M	119.93M	112.18M	104.48M	95.28M	81.42M
Normalized Net Operating Profit after Tax (NOPAT)	191	185	236	321	249	-25	326	460	429	322	262
Normalized NOPAT Margin	12.97%	11.70%	13.79%	16.05%	13.56%	-2.82%	13.95%	11.98%	10.79%	6.46%	5.19%
Pre Tax Income Margin	19.80%	18.51%	18.18%	20.16%	14.85%	-31.32%	11.52%	12.54%	11.29%	2.73%	3.47%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	11.07	11.10	12.48	14.43	7.26	-5.63	4.48	4.30	3.46	1.36	1.50
NOPAT to Interest Expense	6.60	6.39	13.12	10.70	5.80	-3.99	3.09	3.15	2.40	0.61	0.84
EBIT Less CapEx to Interest Expense	10.45	9.93	10.74	12.50	5.84	-6.35	4.10	3.61	3.03	0.98	1.03
NOPAT Less CapEx to Interest Expense	5.98	5.21	11.38	8.76	4.38	-4.71	2.72	2.47	1.98	0.23	0.37
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	16.67%	10.10%
Augmented Payout Ratio	1.15%	0.00%	0.00%	61.38%	131.20%	-4.98%	0.00%	77.27%	117.57%	736.67%	616.16%

This table displays calculated financial ratios and metrics derived from Hilton Grand Vacations' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	81,423,992.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	81,423,992.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.81
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.78%	2.72%	23.77%	22.64%	28.29%	26.01%	-0.69%	2.51%	-0.46%	3.82%	11.93%
EBITDA Growth	-21.31%	4.85%	-21.69%	-8.80%	14.17%	-17.13%	2.70%	-2.03%	-25.18%	46.93%	50.00%
EBIT Growth	-25.10%	18.40%	-53.44%	-42.04%	-3.35%	-17.57%	8.20%	27.47%	-31.79%	36.89%	115.15%
NOPAT Growth	-30.13%	-12.87%	-56.19%	-49.86%	-53.66%	-24.21%	-9.09%	35.77%	42.95%	33.85%	212.87%
Net Income Growth	-38.67%	-12.82%	-102.74%	-95.00%	-65.22%	-61.76%	-500.00%	600.00%	-6.25%	103.85%	666.67%
EPS Growth	-33.06%	-7.46%	-106.25%	-97.18%	-66.27%	-69.35%	-325.00%	1,150.00%	0.00%	178.95%	564.71%
Operating Cash Flow Growth	-60.52%	0.00%	-100.00%	-41.75%	-1.09%	0.00%	0.00%	-46.02%	-62.64%	59.05%	236.84%
Free Cash Flow Firm Growth	-112.40%	-199.19%	-4,103.00%	-45,700.42%	-3,728.77%	-635.49%	103.89%	101.37%	97.96%	100.14%	9.91%
Invested Capital Growth	3.71%	7.52%	51.42%	52.04%	50.29%	40.55%	-0.78%	0.45%	1.68%	1.15%	0.20%
Revenue Q/Q Growth	1.09%	0.10%	13.44%	6.83%	5.75%	-1.68%	-10.59%	10.28%	2.69%	2.54%	-3.60%
EBITDA Q/Q Growth	11.11%	-10.00%	-31.48%	33.11%	39.09%	-34.67%	-15.08%	26.97%	6.22%	28.29%	-13.31%
EBIT Q/Q Growth	14.01%	-17.32%	-58.78%	49.18%	90.11%	-29.48%	-45.90%	75.76%	1.72%	41.53%	-14.97%
NOPAT Q/Q Growth	13.66%	-22.95%	-50.75%	16.26%	5.06%	26.00%	-40.93%	73.64%	10.61%	17.98%	38.07%
Net Income Q/Q Growth	15.00%	-26.09%	-102.94%	300.00%	700.00%	-18.75%	-146.15%	333.33%	7.14%	76.67%	28.30%
EPS Q/Q Growth	16.90%	-25.30%	-106.45%	150.00%	1,300.00%	-32.14%	-189.47%	247.06%	12.00%	89.29%	49.06%
Operating Cash Flow Q/Q Growth	-52.58%	0.00%	0.00%	0.00%	-19.47%	15.38%	-63.81%	60.53%	-44.26%	391.18%	-23.35%
Free Cash Flow Firm Q/Q Growth	-1,062.53%	-344.32%	-790.48%	0.43%	2.82%	14.65%	104.71%	-64.83%	-244.42%	105.95%	3,538.20%
Invested Capital Q/Q Growth	0.72%	6.92%	42.51%	-0.93%	-0.44%	-0.01%	0.60%	0.30%	0.78%	-0.53%	-0.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	26.82%	26.50%	15.14%	17.81%	21.13%	19.94%	15.07%	18.17%	19.00%	22.58%	20.47%
EBITDA Margin	23.58%	21.20%	12.80%	15.95%	20.98%	13.94%	13.24%	15.24%	15.77%	19.73%	17.74%
Operating Margin	17.68%	14.62%	5.71%	7.61%	12.56%	10.44%	5.23%	8.85%	9.31%	12.53%	11.13%
EBIT Margin	17.58%	14.52%	5.28%	7.37%	13.25%	9.50%	5.75%	9.16%	9.08%	12.53%	11.05%
Profit (Net Income) Margin	9.04%	6.67%	-0.17%	0.32%	2.45%	2.02%	-1.05%	2.21%	2.31%	3.98%	5.29%
Tax Burden Percent	67.65%	62.96%	15.38%	57.14%	34.41%	53.06%	200.00%	65.12%	66.67%	56.99%	91.89%
Interest Burden Percent	75.98%	72.97%	-21.31%	7.69%	53.76%	40.16%	-9.09%	37.07%	38.14%	55.69%	52.11%
Effective Tax Rate	32.35%	37.04%	0.00%	42.86%	65.59%	46.94%	0.00%	34.88%	33.33%	43.01%	8.11%
Return on Invested Capital (ROIC)	9.07%	6.69%	2.50%	2.90%	3.07%	4.04%	2.26%	3.59%	3.86%	4.49%	6.60%
ROIC Less NNEP Spread (ROIC-NNEP)	8.09%	5.92%	1.44%	1.81%	2.53%	3.11%	1.37%	2.86%	3.05%	3.83%	5.62%
Return on Net Nonoperating Assets (RNNOA)	11.51%	9.27%	3.07%	3.93%	5.61%	7.47%	4.31%	9.49%	10.85%	14.59%	23.70%
Return on Equity (ROE)	20.57%	15.96%	5.57%	6.83%	8.67%	11.51%	6.57%	13.08%	14.71%	19.08%	30.30%
Cash Return on Invested Capital (CROIC)	5.77%	0.55%	-35.28%	-36.28%	-36.46%	-30.76%	2.74%	1.97%	1.25%	2.10%	4.55%
Operating Return on Assets (OROA)	8.65%	6.92%	2.20%	3.33%	6.52%	4.70%	2.44%	3.95%	3.97%	5.50%	4.83%
Return on Assets (ROA)	4.45%	3.18%	-0.07%	0.15%	1.21%	1.00%	-0.44%	0.95%	1.01%	1.75%	2.31%
Return on Common Equity (ROCE)	20.57%	15.96%	5.36%	6.56%	8.38%	11.10%	6.05%	11.98%	13.47%	17.40%	27.34%
Return on Equity Simple (ROE_SIMPLE)	15.04%	0.00%	11.88%	8.45%	5.53%	0.00%	3.16%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	122	94	46	54	56	71	42	73	81	95	131
NOPAT Margin	11.96%	9.21%	4.00%	4.35%	4.32%	5.54%	3.66%	5.76%	6.21%	7.14%	10.23%
Net Nonoperating Expense Percent (NNEP)	0.97%	0.77%	1.06%	1.09%	0.53%	0.94%	0.88%	0.73%	0.81%	0.66%	0.98%
Return On Investment Capital (ROIC_SIMPLE)	-	1.42%	-	-	-	0.81%	0.48%	0.84%	0.92%	1.09%	1.52%
Cost of Revenue to Revenue	73.18%	73.50%	84.86%	82.19%	78.87%	80.06%	84.93%	81.83%	81.00%	77.42%	79.53%
SG&A Expenses to Revenue	3.93%	6.28%	3.89%	4.70%	3.37%	4.05%	4.01%	4.58%	4.46%	3.98%	3.81%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	9.14%	11.87%	9.43%	10.20%	8.58%	9.50%	9.84%	9.32%	9.69%	10.05%	9.34%
Earnings before Interest and Taxes (EBIT)	179	148	61	91	173	122	66	116	118	167	142
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	240	216	148	197	274	179	152	193	205	263	228
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.09	2.05	2.46	2.19	2.00	2.19	2.25	2.56	2.69	2.97	2.66
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.13	1.09	1.17	0.95	0.78	0.77	0.72	0.76	0.75	0.76	0.61
Price to Earnings (P/E)	11.48	13.86	20.90	26.54	38.80	81.62	104.84	66.79	70.34	47.26	19.42
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	8.71%	7.21%	4.78%	3.77%	2.58%	1.23%	0.95%	1.50%	1.42%	2.12%	5.15%
Enterprise Value to Invested Capital (EV/IC)	1.44	1.39	1.36	1.28	1.23	1.26	1.25	1.29	1.29	1.31	1.25
Enterprise Value to Revenue (EV/Rev)	1.93	1.99	2.62	2.32	2.08	2.02	2.01	2.07	2.09	2.10	1.93
Enterprise Value to EBITDA (EV/EBITDA)	8.32	9.17	13.43	12.84	11.76	12.61	12.47	12.99	14.34	13.05	11.28
Enterprise Value to EBIT (EV/EBIT)	11.59	12.84	20.21	21.47	20.76	22.50	22.13	21.73	24.77	22.71	18.47
Enterprise Value to NOPAT (EV/NOPAT)	15.56	18.48	29.17	30.90	39.68	49.78	63.30	53.34	44.54	40.76	26.31
Enterprise Value to Operating Cash Flow (EV/OCF)	25.80	25.31	38.51	50.17	48.12	32.55	28.83	35.14	43.92	35.35	25.71
Enterprise Value to Free Cash Flow (EV/FCFF)	25.39	260.44	0.00	0.00	0.00	0.00	45.26	65.48	103.82	63.05	27.46
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.75	2.13	3.09	3.18	3.32	3.65	4.01	4.31	4.67	5.04	5.41
Long-Term Debt to Equity	1.75	2.13	3.09	3.18	3.32	3.65	4.01	4.31	4.67	5.04	5.41
Financial Leverage	1.42	1.57	2.13	2.17	2.21	2.40	3.14	3.32	3.56	3.81	4.21
Leverage Ratio	3.73	3.91	4.69	4.69	4.63	5.02	6.02	6.24	6.47	6.89	7.70
Compound Leverage Factor	2.83	2.85	-1.00	0.36	2.49	2.02	-0.55	2.31	2.47	3.84	4.01
Debt to Total Capital	63.69%	68.10%	75.53%	76.06%	76.87%	78.50%	80.02%	81.18%	82.35%	83.45%	84.41%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	63.69%	68.10%	75.53%	76.06%	76.87%	78.50%	80.02%	81.18%	82.35%	83.45%	84.41%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	1.81%	1.86%	1.65%	1.62%	1.71%	1.73%	1.79%	1.74%	1.77%
Common Equity to Total Capital	36.31%	31.90%	22.66%	22.07%	21.48%	19.88%	18.27%	17.09%	15.86%	14.81%	13.82%
Debt to EBITDA	4.10	5.24	8.14	8.25	7.91	8.67	8.65	8.86	9.86	8.93	8.22
Net Debt to EBITDA	3.44	4.13	7.22	7.40	7.17	7.62	7.85	8.03	9.01	8.15	7.52
Long-Term Debt to EBITDA	4.10	5.24	8.14	8.25	7.91	8.67	8.65	8.86	9.86	8.93	8.22
Debt to NOPAT	7.68	10.57	17.68	19.86	26.69	34.24	43.87	36.40	30.64	27.90	19.18
Net Debt to NOPAT	6.44	8.33	15.68	17.82	24.21	30.09	39.81	32.97	27.99	25.47	17.55
Long-Term Debt to NOPAT	7.68	10.57	17.68	19.86	26.69	34.24	43.87	36.40	30.64	27.90	19.18
Altman Z-Score	1.13	1.52	1.21	1.21	1.30	1.27	1.13	1.18	1.19	1.22	1.10
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	3.72%	3.87%	3.43%	3.57%	7.91%	8.41%	8.45%	8.82%	9.77%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.04	4.20	3.87	4.07	4.88	4.60	3.35	3.63	3.82	3.91	3.10
Quick Ratio	0.71	2.75	2.50	2.59	2.92	2.65	1.95	2.09	2.18	2.19	1.75
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-68	-303	-2,700	-2,688	-2,613	-2,230	105	37	-53	3.17	115
Operating Cash Flow to CapEx	418.18%	0.00%	0.00%	627.78%	284.38%	184.21%	118.75%	179.41%	89.47%	397.62%	640.00%
Free Cash Flow to Firm to Interest Expense	-1.52	-6.74	-34.17	-30.90	-31.10	-28.23	1.36	0.47	-0.68	0.04	1.58
Operating Cash Flow to Interest Expense	2.04	0.00	0.00	1.30	1.08	1.33	0.49	0.77	0.43	2.20	1.75
Operating Cash Flow Less CapEx to Interest Expense	1.56	0.00	-0.24	1.09	0.70	0.61	0.08	0.34	-0.05	1.64	1.48
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.49	0.48	0.42	0.45	0.49	0.50	0.42	0.43	0.44	0.44	0.44
Accounts Receivable Turnover	9.42	7.82	8.25	8.78	11.22	12.12	11.18	10.34	11.90	17.25	15.98
Inventory Turnover	0.00	2.31	0.00	0.00	0.00	2.23	1.97	1.88	1.74	1.72	1.71
Fixed Asset Turnover	5.05	5.11	4.80	5.18	6.55	6.43	5.48	5.79	6.64	6.11	5.99
Accounts Payable Turnover	2.99	3.02	2.85	3.17	3.78	3.90	3.22	3.43	3.85	3.82	3.18
Days Sales Outstanding (DSO)	38.75	46.70	44.23	41.59	32.55	30.12	32.66	35.30	30.67	21.15	22.85
Days Inventory Outstanding (DIO)	0.00	158.04	0.00	0.00	0.00	164.04	185.02	194.43	209.48	212.35	213.20
Days Payable Outstanding (DPO)	122.09	120.99	128.17	115.15	96.64	93.50	113.43	106.52	94.73	95.48	114.88
Cash Conversion Cycle (CCC)	-83.34	83.76	-83.94	-73.56	-64.10	100.66	104.25	123.21	145.43	138.02	121.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,307	5,674	8,086	8,011	7,976	7,975	8,023	8,047	8,110	8,067	8,039
Invested Capital Turnover	0.76	0.73	0.63	0.67	0.71	0.73	0.62	0.62	0.62	0.63	0.65
Increase / (Decrease) in Invested Capital	190	397	2,746	2,742	2,669	2,301	-63	36	134	92	16
Enterprise Value (EV)	7,638	7,898	11,015	10,286	9,817	10,059	10,004	10,365	10,453	10,606	10,027
Market Capitalization	4,479	4,339	4,933	4,193	3,686	3,836	3,564	3,807	3,728	3,828	3,185
Book Value per Share	$19.52	$19.59	$19.18	$18.50	$18.18	$17.79	$16.61	$16.24	$15.53	$15.07	$14.70
Tangible Book Value per Share	($4.13)	($4.27)	($17.86)	($18.34)	($18.81)	($20.51)	($23.11)	($24.61)	($26.09)	($27.66)	($29.66)
Total Capital	5,916	6,630	8,842	8,690	8,590	8,814	8,665	8,713	8,732	8,701	8,659
Total Debt	3,768	4,515	6,678	6,610	6,603	6,919	6,934	7,073	7,191	7,261	7,309
Total Long-Term Debt	3,768	4,515	6,678	6,610	6,603	6,919	6,934	7,073	7,191	7,261	7,309
Net Debt	3,159	3,559	5,922	5,931	5,989	6,080	6,292	6,407	6,569	6,627	6,689
Capital Expenditures (CapEx)	22	28	19	18	32	57	32	34	38	42	20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-501	2,853	3,792	3,949	4,382	4,188	3,800	4,062	4,251	4,252	3,852
Debt-free Net Working Capital (DFNWC)	34	3,738	4,470	4,550	4,923	4,954	4,370	4,654	4,794	4,823	4,404
Net Working Capital (NWC)	34	3,738	4,470	4,550	4,923	4,954	4,370	4,654	4,794	4,823	4,404
Net Nonoperating Expense (NNE)	30	26	48	50	24	45	54	45	51	42	63
Net Nonoperating Obligations (NNO)	3,159	3,559	5,922	5,931	5,989	6,080	6,292	6,407	6,569	6,627	6,689
Total Depreciation and Amortization (D&A)	61	68	87	106	101	57	86	77	87	96	86
Debt-free, Cash-free Net Working Capital to Revenue	-12.68%	71.72%	90.29%	89.18%	92.92%	84.08%	76.41%	81.18%	85.05%	84.25%	74.31%
Debt-free Net Working Capital to Revenue	0.86%	93.97%	106.43%	102.76%	104.39%	99.46%	87.87%	93.01%	95.92%	95.56%	84.95%
Net Working Capital to Revenue	0.86%	93.97%	106.43%	102.76%	104.39%	99.46%	87.87%	93.01%	95.92%	95.56%	84.95%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.84	$0.63	($0.04)	$0.02	$0.28	$0.20	($0.17)	$0.26	$0.28	$0.53	$0.81
Adjusted Weighted Average Basic Shares Outstanding	107.98M	104.48M	103.70M	101.50M	98.49M	95.28M	91.67M	89.17M	85.54M	81.42M	79.76M
Adjusted Diluted Earnings per Share	$0.83	$0.62	($0.04)	$0.02	$0.28	$0.19	($0.17)	$0.25	$0.28	$0.53	$0.79
Adjusted Weighted Average Diluted Shares Outstanding	107.98M	104.48M	103.70M	101.50M	98.49M	95.28M	91.67M	89.17M	85.54M	81.42M	79.76M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	107.98M	104.48M	103.70M	101.50M	98.49M	95.28M	91.67M	89.17M	85.54M	81.42M	79.76M
Normalized Net Operating Profit after Tax (NOPAT)	122	94	48	54	115	71	42	74	81	96	131
Normalized NOPAT Margin	11.96%	9.21%	4.12%	4.35%	8.79%	5.54%	3.66%	5.81%	6.26%	7.18%	10.23%
Pre Tax Income Margin	13.36%	10.60%	-1.12%	0.57%	7.12%	3.82%	-0.52%	3.40%	3.46%	6.98%	5.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.98	3.29	0.77	1.05	2.06	1.54	0.86	1.47	1.49	2.20	1.95
NOPAT to Interest Expense	2.71	2.08	0.58	0.62	0.67	0.90	0.55	0.92	1.02	1.25	1.80
EBIT Less CapEx to Interest Expense	3.49	2.67	0.53	0.84	1.68	0.82	0.44	1.04	1.01	1.64	1.67
NOPAT Less CapEx to Interest Expense	2.22	1.46	0.34	0.41	0.29	0.18	0.13	0.49	0.54	0.70	1.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	16.67%	0.00%	0.00%	6.94%	10.10%	0.00%
Augmented Payout Ratio	117.03%	117.57%	160.50%	222.84%	399.02%	736.67%	966.00%	720.27%	805.56%	616.16%	335.20%

Financials Breakdown Chart

Key Financial Trends

Hilton Grand Vacations Inc. (NYSE: HGV) has demonstrated a pattern of revenue growth across the last four years, with earnings and cash flows showing a mix of improvements and volatility tied to financing activity and leverage. Below is a concise, bullet-point view of the most relevant trends from the quarterly statements for 2022–2025.

Rising revenue trend: Operating revenue climbed from about $0.992B in 2022 Q4 to roughly $1.333B in 2025 Q4, indicating a multi-year growth trajectory.
Improving operating profitability in 2025: Total operating income rose to $167M in 2025 Q4, up from earlier quarters and continuing a positive trajectory that also showed strength in 2023.
Net income to common grows in late 2025: Net income attributable to common shareholders reached about $48M in 2025 Q4, with earnings per share of $0.53, signaling a move back to profitability after softer results in 2024.
Solid operating cash flow in late 2025: Net cash from continuing operating activities was $167M in 2025 Q4, with other 2025 quarters also showing positive cash flow from operations (e.g., $34M in Q3 and $61M in Q2).
Healthy liquidity and growing asset base: By mid-2025, total assets approached $11.7B with robust current assets (~$6.5B) and current liabilities around $1.7B, implying a solid liquidity position and a strong asset base for financing and operations.

Leverage remains elevated but manageable: Long-term debt hovered around the $7.0B level across 2023–2025, contributing to meaningful interest expense but also providing financing flexibility when needed.
Debt activity and financing mix: The company routinely engages in debt issuance and repayments (e.g., debt issuance in late 2025 and substantial debt repayments in some quarters), leading to variability in cash flow from financing activities.

Significant quarterly profitability volatility: Several quarters showed net losses or very modest net income (e.g., 2024 Q4 net income attributable to common shareholders was negative, and 2025 Q1 also showed a negative result), highlighting earnings volatility tied to financing costs and working-capital dynamics.
Cash flow pressure from financing activities: Large debt repayments in certain quarters (for example, substantial repayments in 2025 Q3 and Q4) weighed on cash balances despite positive operating cash flow in other periods.
Profitability relative to interest burden: Interest expense has been a notable ongoing cost (roughly $76–$79M per quarter in several periods), which can pressure margins during softer revenue periods or higher costs.

Bottom line for investors: HGV shows healthy top-line growth and improving operating profitability in the latest year, with meaningful positive cash flow from operations. However, the business remains highly leveraged, and financing actions (issuances and repayments) have a sizable and recurring impact on cash flow. Earnings volatility in some quarters and a steady debt load are factors to watch, particularly given interest costs and upcoming debt maturities. If the company can sustain solid operating cash flow while managing leverage and financing needs, the long-term outlook could remain positive; otherwise, debt service and liquidity will be key risks to monitor.

05/15/26 09:23 PM ETAI Generated. May Contain Errors.

Hilton Grand Vacations Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Hilton Grand Vacations' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Hilton Grand Vacations' net income appears to be on a downward trend, with a most recent value of $99 million in 2025, falling from $174.10 million in 2015. The previous period was $60 million in 2024. Find out what analysts predict for Hilton Grand Vacations in the coming months.

Hilton Grand Vacations' total operating income in 2025 was $460 million, based on the following breakdown:

Total Gross Profit: $951 million
Total Operating Expenses: $491 million

Over the last 10 years, Hilton Grand Vacations' total revenue changed from $1.48 billion in 2015 to $5.05 billion in 2025, a change of 242.2%.

Hilton Grand Vacations' total liabilities were at $10.10 billion at the end of 2025, a 5.8% increase from 2024, and a 401.6% increase since 2016.

In the past 9 years, Hilton Grand Vacations' cash and equivalents has ranged from $48 million in 2016 to $589 million in 2023, and is currently $239 million as of their latest financial filing in 2025.

Over the last 10 years, Hilton Grand Vacations' book value per share changed from 0.00 in 2015 to 15.07 in 2025, a change of 1,506.8%.

Related Companies

Financial statements for NYSE:HGV last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hilton Grand Vacations (HGV) Financials

Financials Breakdown Chart

Key Financial Trends

Hilton Grand Vacations Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Hilton Grand Vacations (HGV) Financials

Annual Income Statements for Hilton Grand Vacations

Quarterly Income Statements for Hilton Grand Vacations

Annual Cash Flow Statements for Hilton Grand Vacations

Quarterly Cash Flow Statements for Hilton Grand Vacations

Annual Balance Sheets for Hilton Grand Vacations

Quarterly Balance Sheets for Hilton Grand Vacations

Annual Metrics And Ratios for Hilton Grand Vacations

Quarterly Metrics And Ratios for Hilton Grand Vacations

Financials Breakdown Chart

Key Financial Trends

Hilton Grand Vacations Financials - Frequently Asked Questions

When does Hilton Grand Vacations' fiscal year end?

How has Hilton Grand Vacations' net income changed over the last 10 years?

What is Hilton Grand Vacations' operating income?

How has Hilton Grand Vacations' revenue changed over the last 10 years?

How much debt does Hilton Grand Vacations have?

How much cash does Hilton Grand Vacations have?

How has Hilton Grand Vacations' book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools