MARKETS / NYSE / HGV

NYSE · HOTELS, ROOMING HOUSES, CAMPS & OTHER LODGING PLACES · LARGE CAP

Hilton Grand Vacations Inc. HGV

11 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$4.5B

▲ 1.1% YoY

Net income

$81.0M

▲ 72.3% YoY

Free cash flow

$230.0M

▼ 13.9% YoY

In brief

What this company does

Hilton Grand Vacations Inc. develops, markets, sells, manages and operates timeshare resorts, timeshare plans and ancillary reservation services, primarily under the Hilton Grand Vacations brands. As of December 31, 2025, the company had over 200 properties located in the United States, Europe, Canada, the Caribbean, Mexico and Asia. As of that date, it had more than 720,000 members across its Club offerings. It operates its business across two segments: Real estate sales and financing, and Resort operations and club management. Within Real estate sales and financing, the company sells its owned vacation ownership interests directly and, through fee-for-service agreements, sells VOIs on behalf of third-party developers in exchange for commissions and brand fees. Within Resort operations and club management, its resort management services consist of operating properties under management agreements for the benefit of homeowners' associations of VOI owners at both its own resorts and those developed by third parties. Hilton Grand Vacations Inc. became an independent publicly traded company on January 3, 2017, as a result of Hilton Worldwide Holdings Inc.'s tax-free spin-off of HGV and Park Hotels & Resorts Inc.

Written from the business description in Hilton Grand Vacations Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 4.5B

Revenue, FY2025 · full 11-year series below

Revenue $B Net income $B

FY2025 · Revenue 4.5 · Net income 0.1

Compound annual growth

Revenue

+8.5%

+38.2%

+11.8%

Net income

−38.7%

−7.4%

EPS, diluted

−32.8%

Returned to shareholders

+29.5%

+130.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +38.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

2 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 3.9% · Net 2.2%

ROE

FY2025 · ROE 5.3%

Gross margin—

Operating margin3.9%

Net margin2.2%

Return on assets0.9%

EBITDAUSD 448.0M

Each USD of equity produced 5 cents of profit this year.

Cash & shareholders

USD 587.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 230.0

Net buybacks $M Dividends $M

FY2025 · Dividends — · Net buybacks 587.0

Dividends paid—

Net buybacksUSD 587.0M

Share of profit724.7%

Consecutive raises—

USD 587.0M in buybacks — 725% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 11.5B

EquityUSD 1.3B

CashUSD 239.0M

Gross debtUSD 4.5B

Net debtUSD 4.3B

Net debt stands at 334% of equity.

The 11-year record

11 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue $B	4.5	4.5	3.6	3.5	2.3	0.9	1.8	2.0	1.7	1.6	1.5
Operating income $B	0.2	0.1	0.4	0.5	0.3	−0.3	0.3	0.4	0.3	0.3	0.3
EBITDA $B	0.4	0.4	0.7	0.7	0.4	−0.2	0.3	0.4	0.3	0.3	0.3
Income tax $B	0.1	0.1	0.1	0.1	0.1	−0.1	0.1	0.1	−0.0	0.1	0.1
Net income $B	0.1	0.0	0.3	0.4	0.2	−0.2	0.2	0.3	0.3	0.2	0.2
Free cash flow $B	0.2	0.3	0.3	0.7	0.1	0.1	0.1	−0.2	0.3	0.2	0.1
EPS, diluted $	0.89	0.45	2.80	2.93	1.75	−2.36	2.42	3.05	3.28	1.70	1.76
Dividend / sh $	·	·	·	·	·	·	·	·	·	·	·
Payout %	·	·	·	·	·	·	·	·	·	·	·
ROE %	5.3	2.4	14.7	17.0	14.9	−42.6	36.4	52.6	95.4	549.6	·
Shares out B	0.08	0.10	0.11	0.11	0.12	0.09	0.09	0.09	0.10	0.10	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 32 reconciliationsAUDITED

Reconciled in 11 of 19 fiscal years. 25 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityHotels, Rooming Houses, Camps & Other Lodging Places

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2015