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Hilton Grand Vacations Inc.（HGV）与新闻集团（NWSA）财务数据对比。点击上方公司名可切换其他公司
新闻集团的季度营收约是Hilton Grand Vacations Inc.的2.0倍（$2.4B vs $1.2B），新闻集团净利率更高（8.2% vs 4.0%，领先4.1%），新闻集团同比增速更快（5.5% vs 3.7%），Hilton Grand Vacations Inc.自由现金流更多（$147.0M vs $132.0M），过去两年Hilton Grand Vacations Inc.的营收复合增速更高（7.4% vs -1.3%）
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。
新闻集团是全球知名的媒体集团，旗下拥有报纸、出版、数字媒体等多项媒体业务，在全球传媒领域拥有广泛影响力，专注于为受众提供及时多元的时事资讯与内容服务。
HGV vs NWSA — 直观对比
营收规模更大
NWSA
是对方的2.0倍
$1.2B
营收增速更快
NWSA
高出1.8%
3.7%
净利率更高
NWSA
高出4.1%
4.0%
自由现金流更多
HGV
多$15.0M
$132.0M
两年增速更快
HGV
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.4B |
| 净利润 | $48.0M | $193.0M |
| 毛利率 | — | — |
| 营业利润率 | 7.8% | — |
| 净利率 | 4.0% | 8.2% |
| 营收同比 | 3.7% | 5.5% |
| 净利润同比 | 140.0% | -10.2% |
| 每股收益（稀释后） | $0.53 | $0.34 |
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HGVNWSA
| Q4 25 | $1.2B | $2.4B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.1B | $1.6B | ||
| Q1 25 | $1.0B | $2.0B | ||
| Q4 24 | $1.1B | $2.2B | ||
| Q3 24 | $1.2B | $2.6B | ||
| Q2 24 | $1.1B | $2.6B | ||
| Q1 24 | $1.0B | $2.4B |
净利润HGVNWSA
| Q4 25 | $48.0M | $193.0M | ||
| Q3 25 | $25.0M | $112.0M | ||
| Q2 25 | $25.0M | $743.0M | ||
| Q1 25 | $-17.0M | $103.0M | ||
| Q4 24 | $20.0M | $215.0M | ||
| Q3 24 | $29.0M | $119.0M | ||
| Q2 24 | $2.0M | $50.0M | ||
| Q1 24 | $-4.0M | $30.0M |
营业利润率HGVNWSA
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 3.8% | 8.5% | ||
| Q1 25 | -0.6% | 7.5% | ||
| Q4 24 | 4.3% | 19.2% | ||
| Q3 24 | 7.9% | 7.9% | ||
| Q2 24 | 0.6% | 4.3% | ||
| Q1 24 | -1.3% | 2.6% |
净利率HGVNWSA
| Q4 25 | 4.0% | 8.2% | ||
| Q3 25 | 2.1% | 5.2% | ||
| Q2 25 | 2.2% | 45.6% | ||
| Q1 25 | -1.7% | 5.1% | ||
| Q4 24 | 1.7% | 9.6% | ||
| Q3 24 | 2.5% | 4.6% | ||
| Q2 24 | 0.2% | 1.9% | ||
| Q1 24 | -0.4% | 1.2% |
每股收益（稀释后）HGVNWSA
| Q4 25 | $0.53 | $0.34 | ||
| Q3 25 | $0.28 | $0.20 | ||
| Q2 25 | $0.25 | $1.30 | ||
| Q1 25 | $-0.17 | $0.18 | ||
| Q4 24 | $0.19 | $0.38 | ||
| Q3 24 | $0.28 | $0.21 | ||
| Q2 24 | $0.02 | $0.09 | ||
| Q1 24 | $-0.04 | $0.05 |
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 | $2.1B |
| 总债务越低越好 | $4.5B | $2.0B |
| 股东权益账面价值 | $1.3B | $8.8B |
| 总资产 | $11.5B | $15.5B |
| 负债/权益比越低杠杆越低 | 3.53× | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资HGVNWSA
| Q4 25 | $239.0M | $2.1B | ||
| Q3 25 | $215.0M | $2.2B | ||
| Q2 25 | $269.0M | $2.4B | ||
| Q1 25 | $259.0M | $2.1B | ||
| Q4 24 | $328.0M | $1.8B | ||
| Q3 24 | $297.0M | $1.8B | ||
| Q2 24 | $328.0M | $2.0B | ||
| Q1 24 | $355.0M | $1.9B |
总债务HGVNWSA
| Q4 25 | $4.5B | $2.0B | ||
| Q3 25 | $4.7B | $2.0B | ||
| Q2 25 | $4.6B | $2.0B | ||
| Q1 25 | $4.5B | $2.0B | ||
| Q4 24 | $4.6B | $2.0B | ||
| Q3 24 | $5.0B | $2.9B | ||
| Q2 24 | $4.9B | $2.9B | ||
| Q1 24 | $5.1B | $2.9B |
股东权益HGVNWSA
| Q4 25 | $1.3B | $8.8B | ||
| Q3 25 | $1.4B | $8.7B | ||
| Q2 25 | $1.5B | $8.8B | ||
| Q1 25 | $1.6B | $8.2B | ||
| Q4 24 | $1.8B | $8.1B | ||
| Q3 24 | $1.8B | $8.3B | ||
| Q2 24 | $1.9B | $8.1B | ||
| Q1 24 | $2.0B | $8.1B |
总资产HGVNWSA
| Q4 25 | $11.5B | $15.5B | ||
| Q3 25 | $11.7B | $15.3B | ||
| Q2 25 | $11.7B | $15.5B | ||
| Q1 25 | $11.8B | $16.6B | ||
| Q4 24 | $11.4B | $16.2B | ||
| Q3 24 | $11.2B | $16.9B | ||
| Q2 24 | $11.5B | $16.7B | ||
| Q1 24 | $11.7B | $16.5B |
负债/权益比HGVNWSA
| Q4 25 | 3.53× | 0.22× | ||
| Q3 25 | 3.41× | 0.22× | ||
| Q2 25 | 3.07× | 0.22× | ||
| Q1 25 | 2.83× | 0.24× | ||
| Q4 24 | 2.63× | 0.24× | ||
| Q3 24 | 2.73× | 0.35× | ||
| Q2 24 | 2.55× | 0.36× | ||
| Q1 24 | 2.57× | 0.36× |
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 | $231.0M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $132.0M |
| 自由现金流率自由现金流/营收 | 12.3% | 5.6% |
| 资本支出强度资本支出/营收 | 1.7% | 4.2% |
| 现金转化率经营现金流/净利润 | 3.48× | 1.20× |
| 过去12个月自由现金流最近4个季度 | $230.0M | $586.0M |
8季度趋势，按日历期对齐
经营现金流HGVNWSA
| Q4 25 | $167.0M | $231.0M | ||
| Q3 25 | $34.0M | $85.0M | ||
| Q2 25 | $61.0M | $189.0M | ||
| Q1 25 | $38.0M | $511.0M | ||
| Q4 24 | $105.0M | $252.0M | ||
| Q3 24 | $91.0M | $64.0M | ||
| Q2 24 | $113.0M | $254.0M | ||
| Q1 24 | $0 | $539.0M |
自由现金流HGVNWSA
| Q4 25 | $147.0M | $132.0M | ||
| Q3 25 | $13.0M | $4.0M | ||
| Q2 25 | $46.0M | $32.0M | ||
| Q1 25 | $24.0M | $418.0M | ||
| Q4 24 | $90.0M | $190.0M | ||
| Q3 24 | $81.0M | $-31.0M | ||
| Q2 24 | $106.0M | $111.0M | ||
| Q1 24 | — | $422.0M |
自由现金流率HGVNWSA
| Q4 25 | 12.3% | 5.6% | ||
| Q3 25 | 1.1% | 0.2% | ||
| Q2 25 | 4.0% | 2.0% | ||
| Q1 25 | 2.4% | 20.8% | ||
| Q4 24 | 7.8% | 8.5% | ||
| Q3 24 | 6.9% | -1.2% | ||
| Q2 24 | 9.6% | 4.3% | ||
| Q1 24 | — | 17.4% |
资本支出强度HGVNWSA
| Q4 25 | 1.7% | 4.2% | ||
| Q3 25 | 1.8% | 3.8% | ||
| Q2 25 | 1.3% | 9.6% | ||
| Q1 25 | 1.4% | 4.6% | ||
| Q4 24 | 1.3% | 2.8% | ||
| Q3 24 | 0.9% | 3.7% | ||
| Q2 24 | 0.6% | 5.5% | ||
| Q1 24 | 1.0% | 4.8% |
现金转化率HGVNWSA
| Q4 25 | 3.48× | 1.20× | ||
| Q3 25 | 1.36× | 0.76× | ||
| Q2 25 | 2.44× | 0.25× | ||
| Q1 25 | — | 4.96× | ||
| Q4 24 | 5.25× | 1.17× | ||
| Q3 24 | 3.14× | 0.54× | ||
| Q2 24 | 56.50× | 5.08× | ||
| Q1 24 | — | 17.97× |
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
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% |
NWSA
| Book Publishing Segment | $633.0M | 27% |
| Consumer | $607.0M | 26% |
| News And Information Services Segment | $570.0M | 24% |
| Real Estate | $401.0M | 17% |
| Other Product Or Service | $173.0M | 7% |
