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Side-by-side financial comparison of Hilton Grand Vacations Inc. (HGV) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.

SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× Hilton Grand Vacations Inc.). Hilton Grand Vacations Inc. runs the higher net margin — 4.0% vs 3.1%, a 0.9% gap on every dollar of revenue. On growth, Hilton Grand Vacations Inc. posted the faster year-over-year revenue change (3.7% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $147.0M). Over the past eight quarters, Hilton Grand Vacations Inc.'s revenue compounded faster (7.4% CAGR vs 2.7%).

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...

Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.

HGV vs SEE — Head-to-Head

Bigger by revenue
SEE
SEE
1.2× larger
SEE
$1.4B
$1.2B
HGV
Growing faster (revenue YoY)
HGV
HGV
+1.1% gap
HGV
3.7%
2.6%
SEE
Higher net margin
HGV
HGV
0.9% more per $
HGV
4.0%
3.1%
SEE
More free cash flow
SEE
SEE
$110.7M more FCF
SEE
$257.7M
$147.0M
HGV
Faster 2-yr revenue CAGR
HGV
HGV
Annualised
HGV
7.4%
2.7%
SEE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HGV
HGV
SEE
SEE
Revenue
$1.2B
$1.4B
Net Profit
$48.0M
$43.8M
Gross Margin
28.6%
Operating Margin
7.8%
11.4%
Net Margin
4.0%
3.1%
Revenue YoY
3.7%
2.6%
Net Profit YoY
140.0%
700.0%
EPS (diluted)
$0.53
$0.30

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
SEE
SEE
Q4 25
$1.2B
$1.4B
Q3 25
$1.2B
$1.3B
Q2 25
$1.1B
$1.3B
Q1 25
$1.0B
$1.3B
Q4 24
$1.1B
$1.4B
Q3 24
$1.2B
$1.3B
Q2 24
$1.1B
$1.3B
Q1 24
$1.0B
$1.3B
Net Profit
HGV
HGV
SEE
SEE
Q4 25
$48.0M
$43.8M
Q3 25
$25.0M
$255.1M
Q2 25
$25.0M
$93.1M
Q1 25
$-17.0M
$113.5M
Q4 24
$20.0M
$-7.3M
Q3 24
$29.0M
$91.7M
Q2 24
$2.0M
$98.3M
Q1 24
$-4.0M
$82.0M
Gross Margin
HGV
HGV
SEE
SEE
Q4 25
28.6%
Q3 25
29.8%
Q2 25
30.7%
Q1 25
30.9%
Q4 24
30.0%
Q3 24
30.1%
Q2 24
31.2%
Q1 24
30.3%
Operating Margin
HGV
HGV
SEE
SEE
Q4 25
7.8%
11.4%
Q3 25
3.9%
13.8%
Q2 25
3.8%
15.0%
Q1 25
-0.6%
14.5%
Q4 24
4.3%
11.7%
Q3 24
7.9%
13.9%
Q2 24
0.6%
15.4%
Q1 24
-1.3%
14.0%
Net Margin
HGV
HGV
SEE
SEE
Q4 25
4.0%
3.1%
Q3 25
2.1%
19.0%
Q2 25
2.2%
7.0%
Q1 25
-1.7%
9.0%
Q4 24
1.7%
-0.5%
Q3 24
2.5%
6.9%
Q2 24
0.2%
7.4%
Q1 24
-0.4%
6.2%
EPS (diluted)
HGV
HGV
SEE
SEE
Q4 25
$0.53
$0.30
Q3 25
$0.28
$1.73
Q2 25
$0.25
$0.63
Q1 25
$-0.17
$0.77
Q4 24
$0.19
$-0.05
Q3 24
$0.28
$0.63
Q2 24
$0.02
$0.67
Q1 24
$-0.04
$0.56

Balance Sheet & Financial Strength

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

Metric
HGV
HGV
SEE
SEE
Cash + ST InvestmentsLiquidity on hand
$239.0M
$344.0M
Total DebtLower is stronger
$4.5B
$3.3B
Stockholders' EquityBook value
$1.3B
$1.2B
Total Assets
$11.5B
$7.0B
Debt / EquityLower = less leverage
3.53×
2.65×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HGV
HGV
SEE
SEE
Q4 25
$239.0M
$344.0M
Q3 25
$215.0M
$282.5M
Q2 25
$269.0M
$354.4M
Q1 25
$259.0M
$335.2M
Q4 24
$328.0M
$371.8M
Q3 24
$297.0M
$386.0M
Q2 24
$328.0M
$388.6M
Q1 24
$355.0M
$352.8M
Total Debt
HGV
HGV
SEE
SEE
Q4 25
$4.5B
$3.3B
Q3 25
$4.7B
$4.0B
Q2 25
$4.6B
$4.0B
Q1 25
$4.5B
$4.2B
Q4 24
$4.6B
$4.2B
Q3 24
$5.0B
$4.3B
Q2 24
$4.9B
$4.4B
Q1 24
$5.1B
$4.5B
Stockholders' Equity
HGV
HGV
SEE
SEE
Q4 25
$1.3B
$1.2B
Q3 25
$1.4B
$1.2B
Q2 25
$1.5B
$953.1M
Q1 25
$1.6B
$797.9M
Q4 24
$1.8B
$624.5M
Q3 24
$1.8B
$771.2M
Q2 24
$1.9B
$650.1M
Q1 24
$2.0B
$598.3M
Total Assets
HGV
HGV
SEE
SEE
Q4 25
$11.5B
$7.0B
Q3 25
$11.7B
$7.1B
Q2 25
$11.7B
$7.2B
Q1 25
$11.8B
$7.0B
Q4 24
$11.4B
$7.0B
Q3 24
$11.2B
$7.3B
Q2 24
$11.5B
$7.3B
Q1 24
$11.7B
$7.2B
Debt / Equity
HGV
HGV
SEE
SEE
Q4 25
3.53×
2.65×
Q3 25
3.41×
3.34×
Q2 25
3.07×
4.18×
Q1 25
2.83×
5.26×
Q4 24
2.63×
6.72×
Q3 24
2.73×
5.62×
Q2 24
2.55×
6.81×
Q1 24
2.57×
7.49×

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
SEE
SEE
Operating Cash FlowLast quarter
$167.0M
$293.6M
Free Cash FlowOCF − Capex
$147.0M
$257.7M
FCF MarginFCF / Revenue
12.3%
18.5%
Capex IntensityCapex / Revenue
1.7%
2.6%
Cash ConversionOCF / Net Profit
3.48×
6.70×
TTM Free Cash FlowTrailing 4 quarters
$230.0M
$458.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HGV
HGV
SEE
SEE
Q4 25
$167.0M
$293.6M
Q3 25
$34.0M
$165.9M
Q2 25
$61.0M
$136.6M
Q1 25
$38.0M
$31.9M
Q4 24
$105.0M
$244.2M
Q3 24
$91.0M
$170.5M
Q2 24
$113.0M
$188.2M
Q1 24
$0
$125.1M
Free Cash Flow
HGV
HGV
SEE
SEE
Q4 25
$147.0M
$257.7M
Q3 25
$13.0M
$119.6M
Q2 25
$46.0M
$93.2M
Q1 25
$24.0M
$-12.0M
Q4 24
$90.0M
$185.1M
Q3 24
$81.0M
$115.2M
Q2 24
$106.0M
$129.5M
Q1 24
$78.0M
FCF Margin
HGV
HGV
SEE
SEE
Q4 25
12.3%
18.5%
Q3 25
1.1%
8.9%
Q2 25
4.0%
7.0%
Q1 25
2.4%
-0.9%
Q4 24
7.8%
13.6%
Q3 24
6.9%
8.6%
Q2 24
9.6%
9.7%
Q1 24
5.9%
Capex Intensity
HGV
HGV
SEE
SEE
Q4 25
1.7%
2.6%
Q3 25
1.8%
3.4%
Q2 25
1.3%
3.3%
Q1 25
1.4%
3.5%
Q4 24
1.3%
4.4%
Q3 24
0.9%
4.1%
Q2 24
0.6%
4.4%
Q1 24
1.0%
3.6%
Cash Conversion
HGV
HGV
SEE
SEE
Q4 25
3.48×
6.70×
Q3 25
1.36×
0.65×
Q2 25
2.44×
1.47×
Q1 25
0.28×
Q4 24
5.25×
Q3 24
3.14×
1.86×
Q2 24
56.50×
1.91×
Q1 24
1.53×

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%

SEE
SEE

Protective Segment$1.1B78%
Other$292.0M21%
Pension Plans Defined Benefit$7.9M1%

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