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Erie Indemnity（ERIE）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
Hilton Grand Vacations Inc.的季度营收约是Erie Indemnity的1.2倍（$1.2B vs $1.0B），Erie Indemnity净利率更高（14.9% vs 4.0%，领先10.8%），Hilton Grand Vacations Inc.同比增速更快（3.7% vs 2.3%），过去两年Hilton Grand Vacations Inc.的营收复合增速更高（7.4% vs 1.1%）
总部位于美国宾夕法尼亚州伊利市的伊利保险集团是财产及意外伤害保险提供商，通过独立保险代理人网络销售车险、家财险、商业保险及人寿保险产品。2021年，该集团以2020财年总营收跻身当年美国财富500强榜单第347位。
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。
ERIE vs HGV — 直观对比
营收规模更大
HGV
是对方的1.2倍
$1.0B
营收增速更快
HGV
高出1.5%
2.3%
净利率更高
ERIE
高出10.8%
4.0%
两年增速更快
HGV
近两年复合增速
1.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.2B |
| 净利润 | $150.5M | $48.0M |
| 毛利率 | — | — |
| 营业利润率 | 16.5% | 7.8% |
| 净利率 | 14.9% | 4.0% |
| 营收同比 | 2.3% | 3.7% |
| 净利润同比 | 8.7% | 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ERIEHGV
| Q1 26 | $1.0B | — | ||
| Q4 25 | $951.0M | $1.2B | ||
| Q3 25 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $989.4M | $1.0B | ||
| Q4 24 | $924.1M | $1.1B | ||
| Q3 24 | $999.9M | $1.2B | ||
| Q2 24 | $990.4M | $1.1B |
净利润ERIEHGV
| Q1 26 | $150.5M | — | ||
| Q4 25 | $63.4M | $48.0M | ||
| Q3 25 | $182.9M | $25.0M | ||
| Q2 25 | $174.7M | $25.0M | ||
| Q1 25 | $138.4M | $-17.0M | ||
| Q4 24 | $152.0M | $20.0M | ||
| Q3 24 | $159.8M | $29.0M | ||
| Q2 24 | $163.9M | $2.0M |
营业利润率ERIEHGV
| Q1 26 | 16.5% | — | ||
| Q4 25 | 16.6% | 7.8% | ||
| Q3 25 | 19.6% | 3.9% | ||
| Q2 25 | 18.8% | 3.8% | ||
| Q1 25 | 15.3% | -0.6% | ||
| Q4 24 | 18.1% | 4.3% | ||
| Q3 24 | 18.0% | 7.9% | ||
| Q2 24 | 19.2% | 0.6% |
净利率ERIEHGV
| Q1 26 | 14.9% | — | ||
| Q4 25 | 6.7% | 4.0% | ||
| Q3 25 | 17.1% | 2.1% | ||
| Q2 25 | 16.5% | 2.2% | ||
| Q1 25 | 14.0% | -1.7% | ||
| Q4 24 | 16.5% | 1.7% | ||
| Q3 24 | 16.0% | 2.5% | ||
| Q2 24 | 16.5% | 0.2% |
每股收益（稀释后）ERIEHGV
| Q1 26 | — | — | ||
| Q4 25 | — | $0.53 | ||
| Q3 25 | — | $0.28 | ||
| Q2 25 | — | $0.25 | ||
| Q1 25 | — | $-0.17 | ||
| Q4 24 | — | $0.19 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $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 | — | $239.0M |
| 总债务越低越好 | — | $4.5B |
| 股东权益账面价值 | $2.4B | $1.3B |
| 总资产 | $3.4B | $11.5B |
| 负债/权益比越低杠杆越低 | — | 3.53× |
8季度趋势，按日历期对齐
现金及短期投资ERIEHGV
| Q1 26 | — | — | ||
| Q4 25 | — | $239.0M | ||
| Q3 25 | — | $215.0M | ||
| Q2 25 | — | $269.0M | ||
| Q1 25 | — | $259.0M | ||
| Q4 24 | — | $328.0M | ||
| Q3 24 | — | $297.0M | ||
| Q2 24 | — | $328.0M |
总债务ERIEHGV
| Q1 26 | — | — | ||
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $4.6B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | — | $4.6B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $4.9B |
股东权益ERIEHGV
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $2.2B | $1.5B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $1.8B | $1.9B |
总资产ERIEHGV
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $11.5B | ||
| Q3 25 | $3.3B | $11.7B | ||
| Q2 25 | $3.1B | $11.7B | ||
| Q1 25 | $3.0B | $11.8B | ||
| Q4 24 | $2.9B | $11.4B | ||
| Q3 24 | $2.9B | $11.2B | ||
| Q2 24 | $2.7B | $11.5B |
负债/权益比ERIEHGV
| Q1 26 | — | — | ||
| Q4 25 | — | 3.53× | ||
| Q3 25 | — | 3.41× | ||
| Q2 25 | — | 3.07× | ||
| Q1 25 | — | 2.83× | ||
| Q4 24 | — | 2.63× | ||
| Q3 24 | — | 2.73× | ||
| Q2 24 | — | 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 | — | $147.0M |
| 自由现金流率自由现金流/营收 | — | 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 | — | $230.0M |
8季度趋势，按日历期对齐
经营现金流ERIEHGV
| Q1 26 | — | — | ||
| Q4 25 | $171.6M | $167.0M | ||
| Q3 25 | $219.4M | $34.0M | ||
| Q2 25 | $177.6M | $61.0M | ||
| Q1 25 | $118.1M | $38.0M | ||
| Q4 24 | $193.5M | $105.0M | ||
| Q3 24 | $199.2M | $91.0M | ||
| Q2 24 | $131.4M | $113.0M |
自由现金流ERIEHGV
| Q1 26 | — | — | ||
| Q4 25 | $140.8M | $147.0M | ||
| Q3 25 | $184.4M | $13.0M | ||
| Q2 25 | $157.3M | $46.0M | ||
| Q1 25 | $88.4M | $24.0M | ||
| Q4 24 | $146.8M | $90.0M | ||
| Q3 24 | $171.5M | $81.0M | ||
| Q2 24 | $103.4M | $106.0M |
自由现金流率ERIEHGV
| Q1 26 | — | — | ||
| Q4 25 | 14.8% | 12.3% | ||
| Q3 25 | 17.3% | 1.1% | ||
| Q2 25 | 14.8% | 4.0% | ||
| Q1 25 | 8.9% | 2.4% | ||
| Q4 24 | 15.9% | 7.8% | ||
| Q3 24 | 17.1% | 6.9% | ||
| Q2 24 | 10.4% | 9.6% |
资本支出强度ERIEHGV
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 1.7% | ||
| Q3 25 | 3.3% | 1.8% | ||
| Q2 25 | 1.9% | 1.3% | ||
| Q1 25 | 3.0% | 1.4% | ||
| Q4 24 | 5.0% | 1.3% | ||
| Q3 24 | 2.8% | 0.9% | ||
| Q2 24 | 2.8% | 0.6% |
现金转化率ERIEHGV
| Q1 26 | — | — | ||
| Q4 25 | 2.71× | 3.48× | ||
| Q3 25 | 1.20× | 1.36× | ||
| Q2 25 | 1.02× | 2.44× | ||
| Q1 25 | 0.85× | — | ||
| Q4 24 | 1.27× | 5.25× | ||
| Q3 24 | 1.25× | 3.14× | ||
| Q2 24 | 0.80× | 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
ERIE
| Management fee revenue - policy issuance and renewal services | $786.4M | 78% |
| Administrative services reimbursement revenue | $200.1M | 20% |
| Management fee revenue - administrative services | $19.5M | 2% |
| Service agreement revenue | $5.9M | 1% |
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% |
