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艾利丹尼森（AVY）与Hilton Grand Vacations Inc.（HGV）财务数据对比。点击上方公司名可切换其他公司
艾利丹尼森的季度营收约是Hilton Grand Vacations Inc.的1.9倍（$2.3B vs $1.2B），艾利丹尼森净利率更高（7.3% vs 4.0%，领先3.3%），艾利丹尼森同比增速更快（7.0% vs 3.7%），Hilton Grand Vacations Inc.自由现金流更多（$147.0M vs $104.4M），过去两年Hilton Grand Vacations Inc.的营收复合增速更高（7.4% vs 1.4%）
艾利丹尼森是总部位于美国俄亥俄州门托市的财富500强跨国企业，专业从事压敏胶材料、服装品牌标签吊牌、RFID嵌体及特种医疗产品的生产与分销，业务覆盖全球多个主要市场。
希尔顿度假大酒店公司（Hilton Grand Vacations Inc.）总部位于美国佛罗里达州奥兰多，是一家跨国企业。该公司通过与希尔顿全球的独家授权协议，运营管理希尔顿旗下的分时度假和度假所有权品牌。其原为希尔顿全球的全资子公司，2017年分拆为独立上市公司。
AVY vs HGV — 直观对比
营收规模更大
AVY
是对方的1.9倍
$1.2B
营收增速更快
AVY
高出3.3%
3.7%
净利率更高
AVY
高出3.3%
4.0%
自由现金流更多
HGV
多$42.6M
$104.4M
两年增速更快
HGV
近两年复合增速
1.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.2B |
| 净利润 | $168.1M | $48.0M |
| 毛利率 | 28.9% | — |
| 营业利润率 | 10.7% | 7.8% |
| 净利率 | 7.3% | 4.0% |
| 营收同比 | 7.0% | 3.7% |
| 净利润同比 | 1.1% | 140.0% |
| 每股收益（稀释后） | — | $0.53 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AVYHGV
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.1B | $1.0B | ||
| Q4 24 | $2.2B | $1.1B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.1B |
净利润AVYHGV
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $48.0M | ||
| Q3 25 | $166.3M | $25.0M | ||
| Q2 25 | $189.0M | $25.0M | ||
| Q1 25 | $166.3M | $-17.0M | ||
| Q4 24 | $174.0M | $20.0M | ||
| Q3 24 | $181.7M | $29.0M | ||
| Q2 24 | $176.8M | $2.0M |
毛利率AVYHGV
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.6% | — |
营业利润率AVYHGV
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | 7.8% | ||
| Q3 25 | 10.6% | 3.9% | ||
| Q2 25 | 11.5% | 3.8% | ||
| Q1 25 | 10.6% | -0.6% | ||
| Q4 24 | 11.0% | 4.3% | ||
| Q3 24 | 11.0% | 7.9% | ||
| Q2 24 | 10.7% | 0.6% |
净利率AVYHGV
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | 4.0% | ||
| Q3 25 | 7.5% | 2.1% | ||
| Q2 25 | 8.5% | 2.2% | ||
| Q1 25 | 7.7% | -1.7% | ||
| Q4 24 | 8.0% | 1.7% | ||
| Q3 24 | 8.3% | 2.5% | ||
| Q2 24 | 7.9% | 0.2% |
每股收益（稀释后）AVYHGV
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $0.53 | ||
| Q3 25 | $2.13 | $0.28 | ||
| Q2 25 | $2.41 | $0.25 | ||
| Q1 25 | $2.09 | $-0.17 | ||
| Q4 24 | $2.17 | $0.19 | ||
| Q3 24 | $2.25 | $0.28 | ||
| Q2 24 | $2.18 | $0.02 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $255.1M | $239.0M |
| 总债务越低越好 | $3.2B | $4.5B |
| 股东权益账面价值 | $2.3B | $1.3B |
| 总资产 | $9.0B | $11.5B |
| 负债/权益比越低杠杆越低 | 1.38× | 3.53× |
8季度趋势，按日历期对齐
现金及短期投资AVYHGV
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $239.0M | ||
| Q3 25 | $536.3M | $215.0M | ||
| Q2 25 | $215.9M | $269.0M | ||
| Q1 25 | $195.9M | $259.0M | ||
| Q4 24 | $329.1M | $328.0M | ||
| Q3 24 | $212.7M | $297.0M | ||
| Q2 24 | $208.8M | $328.0M |
总债务AVYHGV
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $4.5B | ||
| Q3 25 | $3.2B | $4.7B | ||
| Q2 25 | $2.6B | $4.6B | ||
| Q1 25 | $2.6B | $4.5B | ||
| Q4 24 | $2.6B | $4.6B | ||
| Q3 24 | $2.0B | $5.0B | ||
| Q2 24 | $2.0B | $4.9B |
股东权益AVYHGV
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $1.3B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.2B | $1.6B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.3B | $1.9B |
总资产AVYHGV
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $11.5B | ||
| Q3 25 | $8.9B | $11.7B | ||
| Q2 25 | $8.6B | $11.7B | ||
| Q1 25 | $8.4B | $11.8B | ||
| Q4 24 | $8.4B | $11.4B | ||
| Q3 24 | $8.5B | $11.2B | ||
| Q2 24 | $8.3B | $11.5B |
负债/权益比AVYHGV
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | 3.53× | ||
| Q3 25 | 1.45× | 3.41× | ||
| Q2 25 | 1.19× | 3.07× | ||
| Q1 25 | 1.19× | 2.83× | ||
| Q4 24 | 1.11× | 2.63× | ||
| Q3 24 | 0.85× | 2.73× | ||
| Q2 24 | 0.89× | 2.55× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $167.0M |
| 自由现金流经营现金流 - 资本支出 | $104.4M | $147.0M |
| 自由现金流率自由现金流/营收 | 4.5% | 12.3% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 现金转化率经营现金流/净利润 | — | 3.48× |
| 过去12个月自由现金流最近4个季度 | $869.1M | $230.0M |
8季度趋势，按日历期对齐
经营现金流AVYHGV
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $167.0M | ||
| Q3 25 | $312.1M | $34.0M | ||
| Q2 25 | $208.8M | $61.0M | ||
| Q1 25 | $-16.3M | $38.0M | ||
| Q4 24 | $351.2M | $105.0M | ||
| Q3 24 | $270.1M | $91.0M | ||
| Q2 24 | $197.7M | $113.0M |
自由现金流AVYHGV
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $147.0M | ||
| Q3 25 | $276.2M | $13.0M | ||
| Q2 25 | $178.8M | $46.0M | ||
| Q1 25 | $-52.3M | $24.0M | ||
| Q4 24 | $281.7M | $90.0M | ||
| Q3 24 | $227.1M | $81.0M | ||
| Q2 24 | $150.2M | $106.0M |
自由现金流率AVYHGV
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | 12.3% | ||
| Q3 25 | 12.5% | 1.1% | ||
| Q2 25 | 8.1% | 4.0% | ||
| Q1 25 | -2.4% | 2.4% | ||
| Q4 24 | 12.9% | 7.8% | ||
| Q3 24 | 10.4% | 6.9% | ||
| Q2 24 | 6.7% | 9.6% |
资本支出强度AVYHGV
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 1.7% | ||
| Q3 25 | 1.6% | 1.8% | ||
| Q2 25 | 1.4% | 1.3% | ||
| Q1 25 | 1.7% | 1.4% | ||
| Q4 24 | 3.2% | 1.3% | ||
| Q3 24 | 2.0% | 0.9% | ||
| Q2 24 | 2.1% | 0.6% |
现金转化率AVYHGV
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | 3.48× | ||
| Q3 25 | 1.88× | 1.36× | ||
| Q2 25 | 1.10× | 2.44× | ||
| Q1 25 | -0.10× | — | ||
| Q4 24 | 2.02× | 5.25× | ||
| Q3 24 | 1.49× | 3.14× | ||
| Q2 24 | 1.12× | 56.50× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
HGV
| Sales Of Vacation Ownership Intervals Net | $492.0M | 41% |
| Fee For Services Commissions Package Sales And Other Fees | $169.0M | 14% |
| Cost Reimbursements | $141.0M | 12% |
| Resort Management | $118.0M | 10% |
| Other | $116.0M | 10% |
| Club Management | $101.0M | 8% |
| Related Party | $42.0M | 4% |
| Ancillary Services | $13.0M | 1% |
