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Sells and manages Hilton-branded timeshare vacation-ownership interests and points to leisure travelers.
Sells and manages Hilton-branded timeshare vacation-ownership interests and points to leisure travelers.
Sells vacation points to buyers, often financing the purchase and earning interest on the loans, then collects annual fees to run the resorts and the owners' club. It pays Hilton for use of the brand. The 2021 Diamond Resorts and 2024 Bluegreen Vacations purchases made it far larger.
Moat: narrow (brand, installed base, distribution). The Hilton brand and Honors loyalty base give it a distribution edge in selling timeshare interests.
Headquarters: Orlando, Florida, US · Founded: 2017 · Employees: 22,300
Size Hilton Grand Vacations (HGV) is a United States Real Estate company (Real Estate Development) with a market value of $3.33B, the 1476th largest of 3,117 United States companies the cockpit tracks. Shares closed at $43.95 on 6 Nov 2026.
Performance Over six months the shares fell 9.7%, against -7.1% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 18.8% over the last twelve months (peer median +3.5%); the operating margin is 16.7% (peer median 26.1%).
Valuation It trades at 9.4× forward earnings against a peer median of 19.5× (4th cheapest of 16).
Backlog Backlog (remaining performance obligations) was $76.0M at 30 Sep 2026 — 0.0 years of trailing revenue. Backlog detail →
Credit Hilton Grand Vacations has 3 bonds outstanding ($2.25B), rated B by the agencies and trading like B+ at a weighted spread of 236 bp.
Short interest Short interest is 9.9% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.94B | $5.05B | $4.98B | $3.98B | $3.83B |
| Revenue growth | — | +1% | +25% | +4% | — |
| Gross profit | $3.44B | $2.86B | $2.83B | $2.30B | $1.03B |
| EBITDA | $1.29B | $834M | $965M | $897M | $954M |
| Net income | $417M | $81.0M | $47.0M | $313M | $352M |
| Free cash flow | $473M | $230M | $267M | $281M | $689M |
| Capital expenditure | $118M | $146M | $126M | $75.0M | $97.0M |
| Total debt | $7.88B | $7.35B | $7.02B | $4.59B | $3.85B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hilton Grand Vacations HGV | $3.33B | -10% | +19% | 17% | 9.4× | n/a |
| Marriott Vacations Worldwide VAC | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% |
| Travel + Leisure TNL | $4.54B | +15% | +5% | 17% | 8.8× | 3.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | HGV | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +27.2% | +3.8% | highest of 21 |
| 6-month return | -9.7% | -7.1% | 10th lowest of 21 |
| Distance from 52-week high | -20.7% | -22.6% | 11th highest of 21 |
| Revenue growth (TTM) | +18.8% | +3.5% | 3rd highest of 21 |
| Operating margin | 16.7% | 26.1% | 10th lowest of 21 |
| Forward P/E | 9.4× | 19.5× | 4th cheapest of 16 |
| Bond spread | 236 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hilton Grand Vacations HGV | United States | $3.33B | -10% | +19% | 17% | 9.4× | n/a | n/a |
| China World Trade Center 600007.SS | China | $3.31B | +4% | -4% | 42% | 18.6× | n/a | n/a |
| Cushman & Wakefield CWK | United States | $3.28B | -2% | +10% | 4% | 8.8× | n/a | n/a |
| UNITE UTG.L | United Kingdom | $3.41B | +5% | +12% | 46% | 11.9× | n/a | n/a |
| Quzhou Xin'an Development 600208.SS | China | $3.25B | -43% | -4% | -17% | 52.0× | n/a | n/a |
| Pandox PNDX-B.ST | Sweden | $3.43B | -1% | +15% | 58% | 14.6× | n/a | n/a |
| Kerry Properties 0683.HK | Hong Kong | $3.47B | -26% | -22% | 24% | 14.2× | n/a | n/a |
| Mobimo MOBN.SW | Switzerland | $3.17B | -1% | +15% | 42% | 26.9× | n/a | n/a |
| Singapore Land U06.SI | Singapore | $3.08B | -25% | +4% | 36% | n/a | n/a | n/a |
| Xiangcai 600095.SS | China | $3.07B | -19% | -3% | 12% | 26.5× | n/a | n/a |
| Corporacion Inmobiliaria Vesta S.A.B. de C.V. Sponsored ADR VTMX | United States | $3.62B | +6% | +18% | 76% | 19.5× | n/a | n/a |
| Allreal ALLN.SW | Switzerland | $3.89B | -8% | +3% | 41% | 24.0× | n/a | n/a |
| Onewo 2602.HK | Hong Kong | $2.84B | +6% | +8% | 3% | 20.6× | n/a | n/a |
| St. Joe JOE | United States | $3.96B | +6% | +11% | 32% | n/a | n/a | n/a |
| Frasers Property TQ5.SI | Singapore | $2.80B | -20% | -21% | 29% | 26.8× | n/a | n/a |
| Millrose Properties MRP | United States | $4.00B | -4% | +93% | 85% | 7.9× | n/a | n/a |
| Longfor 0960.HK | Hong Kong | $4.05B | -47% | -42% | 1% | n/a | n/a | n/a |
| Shenzhen Special Economic Zone Real Estate and Properties (Group) 000029.SZ | China | $2.73B | -6% | -24% | 14% | n/a | n/a | n/a |
| C&D International Investment 1908.HK | Hong Kong | $4.11B | -15% | -15% | 7% | 8.2× | n/a | n/a |
| Vantone Neo Development 600246.SS | China | $2.69B | -14% | +22% | -152% | n/a | n/a | n/a |
| Greenland 600606.SS | China | $2.66B | -20% | -30% | -12% | 63.0× | n/a | n/a |
Hilton Grand Vacations has 3 bonds outstanding with $2.25B face value. The agencies rate it B; its bonds trade like B+. Weighted yield 7.05%, a spread of 236 bp over government bonds.
Hilton Grand Vacations reported $76.0M of remaining performance obligations at 30 Sep 2026 and down 50% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.96.