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Side-by-side financial comparison of Hilton Grand Vacations Inc. (HGV) and NEXSTAR MEDIA GROUP, INC. (NXST). Click either name above to swap in a different company.

NEXSTAR MEDIA GROUP, INC. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× Hilton Grand Vacations Inc.). NEXSTAR MEDIA GROUP, INC. runs the higher net margin — 11.5% vs 4.0%, a 7.4% gap on every dollar of revenue. On growth, NEXSTAR MEDIA GROUP, INC. posted the faster year-over-year revenue change (13.1% vs 3.7%). NEXSTAR MEDIA GROUP, INC. produced more free cash flow last quarter ($267.0M vs $147.0M). Over the past eight quarters, Hilton Grand Vacations Inc.'s revenue compounded faster (7.4% CAGR vs 4.9%).

Hilton Grand Vacations Inc. is a multi-national company that is based in Orlando, Florida, United States. It manages and operates the Hilton Worldwide timeshare and vacation ownership brands under an exclusive licensing agreement with Hilton Worldwide. HGV was formerly a wholly owned subsidiary of Hilton Worldwide until it was spun off into a publicly traded company in 2017. Even though HGV is an independent company post spin-off, Hilton Worldwide still retains full ownership of the Hilton Gr...

Nexstar Media Group, Inc. is an American publicly traded media company with headquarters in Irving, Texas; Midtown Manhattan; and Chicago. Founded on June 17, 1996, the company is the largest television station owner in the United States, owning 197 television stations across the United States, most of which are affiliated with the four major American television networks and MyNetworkTV in markets as large as New York City and as small as San Angelo, Texas. It also operates all of the station...

HGV vs NXST — Head-to-Head

Bigger by revenue
NXST
NXST
1.2× larger
NXST
$1.4B
$1.2B
HGV
Growing faster (revenue YoY)
NXST
NXST
+9.4% gap
NXST
13.1%
3.7%
HGV
Higher net margin
NXST
NXST
7.4% more per $
NXST
11.5%
4.0%
HGV
More free cash flow
NXST
NXST
$120.0M more FCF
NXST
$267.0M
$147.0M
HGV
Faster 2-yr revenue CAGR
HGV
HGV
Annualised
HGV
7.4%
4.9%
NXST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HGV
HGV
NXST
NXST
Revenue
$1.2B
$1.4B
Net Profit
$48.0M
$160.0M
Gross Margin
Operating Margin
7.8%
0.0%
Net Margin
4.0%
11.5%
Revenue YoY
3.7%
13.1%
Net Profit YoY
140.0%
146.5%
EPS (diluted)
$0.53

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HGV
HGV
NXST
NXST
Q1 26
$1.4B
Q4 25
$1.2B
$1.3B
Q3 25
$1.2B
$1.2B
Q2 25
$1.1B
$1.2B
Q1 25
$1.0B
$1.2B
Q4 24
$1.1B
$1.5B
Q3 24
$1.2B
$1.4B
Q2 24
$1.1B
$1.3B
Net Profit
HGV
HGV
NXST
NXST
Q1 26
$160.0M
Q4 25
$48.0M
$-166.0M
Q3 25
$25.0M
$70.0M
Q2 25
$25.0M
$97.0M
Q1 25
$-17.0M
$108.0M
Q4 24
$20.0M
$242.0M
Q3 24
$29.0M
$187.0M
Q2 24
$2.0M
$118.0M
Operating Margin
HGV
HGV
NXST
NXST
Q1 26
0.0%
Q4 25
7.8%
18.7%
Q3 25
3.9%
14.6%
Q2 25
3.8%
17.3%
Q1 25
-0.6%
17.8%
Q4 24
4.3%
28.1%
Q3 24
7.9%
24.5%
Q2 24
0.6%
18.9%
Net Margin
HGV
HGV
NXST
NXST
Q1 26
11.5%
Q4 25
4.0%
-12.9%
Q3 25
2.1%
5.8%
Q2 25
2.2%
7.9%
Q1 25
-1.7%
8.8%
Q4 24
1.7%
16.3%
Q3 24
2.5%
13.7%
Q2 24
0.2%
9.3%
EPS (diluted)
HGV
HGV
NXST
NXST
Q1 26
Q4 25
$0.53
$-5.57
Q3 25
$0.28
$2.14
Q2 25
$0.25
$3.06
Q1 25
$-0.17
$3.37
Q4 24
$0.19
$7.44
Q3 24
$0.28
$5.27
Q2 24
$0.02
$3.54

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HGV
HGV
NXST
NXST
Cash + ST InvestmentsLiquidity on hand
$239.0M
Total DebtLower is stronger
$4.5B
Stockholders' EquityBook value
$1.3B
Total Assets
$11.5B
Debt / EquityLower = less leverage
3.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HGV
HGV
NXST
NXST
Q1 26
Q4 25
$239.0M
$280.0M
Q3 25
$215.0M
$236.0M
Q2 25
$269.0M
$234.0M
Q1 25
$259.0M
$253.0M
Q4 24
$328.0M
$144.0M
Q3 24
$297.0M
$181.0M
Q2 24
$328.0M
$146.0M
Total Debt
HGV
HGV
NXST
NXST
Q1 26
Q4 25
$4.5B
$6.3B
Q3 25
$4.7B
$6.4B
Q2 25
$4.6B
$6.4B
Q1 25
$4.5B
$6.5B
Q4 24
$4.6B
$6.5B
Q3 24
$5.0B
$6.7B
Q2 24
$4.9B
$6.8B
Stockholders' Equity
HGV
HGV
NXST
NXST
Q1 26
Q4 25
$1.3B
$2.1B
Q3 25
$1.4B
$2.3B
Q2 25
$1.5B
$2.3B
Q1 25
$1.6B
$2.2B
Q4 24
$1.8B
$2.3B
Q3 24
$1.8B
$2.2B
Q2 24
$1.9B
$2.3B
Total Assets
HGV
HGV
NXST
NXST
Q1 26
Q4 25
$11.5B
$10.8B
Q3 25
$11.7B
$11.2B
Q2 25
$11.7B
$11.3B
Q1 25
$11.8B
$11.4B
Q4 24
$11.4B
$11.5B
Q3 24
$11.2B
$11.7B
Q2 24
$11.5B
$11.8B
Debt / Equity
HGV
HGV
NXST
NXST
Q1 26
Q4 25
3.53×
3.07×
Q3 25
3.41×
2.78×
Q2 25
3.07×
2.83×
Q1 25
2.83×
2.89×
Q4 24
2.63×
2.89×
Q3 24
2.73×
3.02×
Q2 24
2.55×
2.99×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HGV
HGV
NXST
NXST
Operating Cash FlowLast quarter
$167.0M
$289.0M
Free Cash FlowOCF − Capex
$147.0M
$267.0M
FCF MarginFCF / Revenue
12.3%
19.1%
Capex IntensityCapex / Revenue
1.7%
1.6%
Cash ConversionOCF / Net Profit
3.48×
1.81×
TTM Free Cash FlowTrailing 4 quarters
$230.0M
$708.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HGV
HGV
NXST
NXST
Q1 26
$289.0M
Q4 25
$167.0M
$190.0M
Q3 25
$34.0M
$117.0M
Q2 25
$61.0M
$247.0M
Q1 25
$38.0M
$337.0M
Q4 24
$105.0M
$411.0M
Q3 24
$91.0M
$387.0M
Q2 24
$113.0M
$176.0M
Free Cash Flow
HGV
HGV
NXST
NXST
Q1 26
$267.0M
Q4 25
$147.0M
$136.0M
Q3 25
$13.0M
$87.0M
Q2 25
$46.0M
$218.0M
Q1 25
$24.0M
$302.0M
Q4 24
$90.0M
$376.0M
Q3 24
$81.0M
$358.0M
Q2 24
$106.0M
$139.0M
FCF Margin
HGV
HGV
NXST
NXST
Q1 26
19.1%
Q4 25
12.3%
10.6%
Q3 25
1.1%
7.3%
Q2 25
4.0%
17.7%
Q1 25
2.4%
24.5%
Q4 24
7.8%
25.3%
Q3 24
6.9%
26.2%
Q2 24
9.6%
11.0%
Capex Intensity
HGV
HGV
NXST
NXST
Q1 26
1.6%
Q4 25
1.7%
4.2%
Q3 25
1.8%
2.5%
Q2 25
1.3%
2.4%
Q1 25
1.4%
2.8%
Q4 24
1.3%
2.4%
Q3 24
0.9%
2.1%
Q2 24
0.6%
2.9%
Cash Conversion
HGV
HGV
NXST
NXST
Q1 26
1.81×
Q4 25
3.48×
Q3 25
1.36×
1.67×
Q2 25
2.44×
2.55×
Q1 25
3.12×
Q4 24
5.25×
1.70×
Q3 24
3.14×
2.07×
Q2 24
56.50×
1.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HGV
HGV

Sales Of Vacation Ownership Intervals Net$492.0M41%
Fee For Services Commissions Package Sales And Other Fees$169.0M14%
Cost Reimbursements$141.0M12%
Resort Management$118.0M10%
Other$116.0M10%
Club Management$101.0M8%
Related Party$42.0M4%
Ancillary Services$13.0M1%

NXST
NXST

Distribution$837.0M60%
Advertising$548.0M39%

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