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Hilton Grand Vacations Inc.（HGV）与罗布乐思（RBLX）财务数据对比。点击上方公司名可切换其他公司
罗布乐思的季度营收约是Hilton Grand Vacations Inc.的1.2倍（$1.4B vs $1.2B），Hilton Grand Vacations Inc.净利率更高（4.0% vs -22.3%，领先26.4%），罗布乐思同比增速更快（43.2% vs 3.7%），罗布乐思自由现金流更多（$308.6M vs $147.0M），过去两年罗布乐思的营收复合增速更高（32.9% vs 7.4%）
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。
罗布乐思（Roblox Corporation）是总部位于美国加利福尼亚州圣马特奥的游戏企业，由大卫·巴斯祖奇与埃里克·卡塞尔于2004年共同创立。公司核心产品为同名线上游戏创作平台Roblox，于2006年正式上线，截至2024年12月底全球员工规模已超2400人。
HGV vs RBLX — 直观对比
营收规模更大
RBLX
是对方的1.2倍
$1.2B
营收增速更快
RBLX
高出39.5%
3.7%
净利率更高
HGV
高出26.4%
-22.3%
自由现金流更多
RBLX
多$161.6M
$147.0M
两年增速更快
RBLX
近两年复合增速
7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $48.0M | $-316.0M |
| 毛利率 | — | 77.7% |
| 营业利润率 | 7.8% | -25.3% |
| 净利率 | 4.0% | -22.3% |
| 营收同比 | 3.7% | 43.2% |
| 净利润同比 | 140.0% | -43.9% |
| 每股收益（稀释后） | $0.53 | $-0.44 |
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HGVRBLX
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.1B | $988.2M | ||
| Q3 24 | $1.2B | $919.0M | ||
| Q2 24 | $1.1B | $893.5M | ||
| Q1 24 | $1.0B | $801.3M |
净利润HGVRBLX
| Q4 25 | $48.0M | $-316.0M | ||
| Q3 25 | $25.0M | $-255.6M | ||
| Q2 25 | $25.0M | $-278.4M | ||
| Q1 25 | $-17.0M | $-215.1M | ||
| Q4 24 | $20.0M | $-219.6M | ||
| Q3 24 | $29.0M | $-239.3M | ||
| Q2 24 | $2.0M | $-205.9M | ||
| Q1 24 | $-4.0M | $-270.6M |
毛利率HGVRBLX
| Q4 25 | — | 77.7% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 78.3% | ||
| Q4 24 | — | 77.9% | ||
| Q3 24 | — | 77.7% | ||
| Q2 24 | — | 77.8% | ||
| Q1 24 | — | 77.7% |
营业利润率HGVRBLX
| Q4 25 | 7.8% | -25.3% | ||
| Q3 25 | 3.9% | -21.8% | ||
| Q2 25 | 3.8% | -29.8% | ||
| Q1 25 | -0.6% | -24.6% | ||
| Q4 24 | 4.3% | -24.7% | ||
| Q3 24 | 7.9% | -30.4% | ||
| Q2 24 | 0.6% | -26.6% | ||
| Q1 24 | -1.3% | -37.7% |
净利率HGVRBLX
| Q4 25 | 4.0% | -22.3% | ||
| Q3 25 | 2.1% | -18.8% | ||
| Q2 25 | 2.2% | -25.8% | ||
| Q1 25 | -1.7% | -20.8% | ||
| Q4 24 | 1.7% | -22.2% | ||
| Q3 24 | 2.5% | -26.0% | ||
| Q2 24 | 0.2% | -23.0% | ||
| Q1 24 | -0.4% | -33.8% |
每股收益（稀释后）HGVRBLX
| Q4 25 | $0.53 | $-0.44 | ||
| Q3 25 | $0.28 | $-0.37 | ||
| Q2 25 | $0.25 | $-0.41 | ||
| Q1 25 | $-0.17 | $-0.32 | ||
| Q4 24 | $0.19 | $-0.32 | ||
| Q3 24 | $0.28 | $-0.37 | ||
| Q2 24 | $0.02 | $-0.32 | ||
| Q1 24 | $-0.04 | $-0.43 |
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 | $3.1B |
| 总债务越低越好 | $4.5B | $1.2B |
| 股东权益账面价值 | $1.3B | $394.5M |
| 总资产 | $11.5B | $9.6B |
| 负债/权益比越低杠杆越低 | 3.53× | 2.98× |
8季度趋势，按日历期对齐
现金及短期投资HGVRBLX
| Q4 25 | $239.0M | $3.1B | ||
| Q3 25 | $215.0M | $2.9B | ||
| Q2 25 | $269.0M | $2.6B | ||
| Q1 25 | $259.0M | $2.7B | ||
| Q4 24 | $328.0M | $2.4B | ||
| Q3 24 | $297.0M | $2.3B | ||
| Q2 24 | $328.0M | $2.4B | ||
| Q1 24 | $355.0M | $2.4B |
总债务HGVRBLX
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.6B | $1.2B | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $5.1B | — |
股东权益HGVRBLX
| Q4 25 | $1.3B | $394.5M | ||
| Q3 25 | $1.4B | $407.6M | ||
| Q2 25 | $1.5B | $353.2M | ||
| Q1 25 | $1.6B | $310.7M | ||
| Q4 24 | $1.8B | $221.4M | ||
| Q3 24 | $1.8B | $189.9M | ||
| Q2 24 | $1.9B | $121.5M | ||
| Q1 24 | $2.0B | $71.6M |
总资产HGVRBLX
| Q4 25 | $11.5B | $9.6B | ||
| Q3 25 | $11.7B | $8.6B | ||
| Q2 25 | $11.7B | $7.8B | ||
| Q1 25 | $11.8B | $7.5B | ||
| Q4 24 | $11.4B | $7.2B | ||
| Q3 24 | $11.2B | $6.7B | ||
| Q2 24 | $11.5B | $6.5B | ||
| Q1 24 | $11.7B | $6.3B |
负债/权益比HGVRBLX
| Q4 25 | 3.53× | 2.98× | ||
| Q3 25 | 3.41× | — | ||
| Q2 25 | 3.07× | — | ||
| Q1 25 | 2.83× | — | ||
| Q4 24 | 2.63× | 5.48× | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 2.55× | — | ||
| Q1 24 | 2.57× | — |
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 | $607.0M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $308.6M |
| 自由现金流率自由现金流/营收 | 12.3% | 21.8% |
| 资本支出强度资本支出/营收 | 1.7% | 21.1% |
| 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 | $1.4B |
8季度趋势，按日历期对齐
经营现金流HGVRBLX
| Q4 25 | $167.0M | $607.0M | ||
| Q3 25 | $34.0M | $546.2M | ||
| Q2 25 | $61.0M | $199.3M | ||
| Q1 25 | $38.0M | $443.9M | ||
| Q4 24 | $105.0M | $184.5M | ||
| Q3 24 | $91.0M | $247.4M | ||
| Q2 24 | $113.0M | $151.4M | ||
| Q1 24 | $0 | $238.9M |
自由现金流HGVRBLX
| Q4 25 | $147.0M | $308.6M | ||
| Q3 25 | $13.0M | $443.6M | ||
| Q2 25 | $46.0M | $176.7M | ||
| Q1 25 | $24.0M | $426.5M | ||
| Q4 24 | $90.0M | $120.6M | ||
| Q3 24 | $81.0M | $218.0M | ||
| Q2 24 | $106.0M | $111.7M | ||
| Q1 24 | — | $192.3M |
自由现金流率HGVRBLX
| Q4 25 | 12.3% | 21.8% | ||
| Q3 25 | 1.1% | 32.6% | ||
| Q2 25 | 4.0% | 16.3% | ||
| Q1 25 | 2.4% | 41.2% | ||
| Q4 24 | 7.8% | 12.2% | ||
| Q3 24 | 6.9% | 23.7% | ||
| Q2 24 | 9.6% | 12.5% | ||
| Q1 24 | — | 24.0% |
资本支出强度HGVRBLX
| Q4 25 | 1.7% | 21.1% | ||
| Q3 25 | 1.8% | 7.5% | ||
| Q2 25 | 1.3% | 2.1% | ||
| Q1 25 | 1.4% | 1.7% | ||
| Q4 24 | 1.3% | 6.5% | ||
| Q3 24 | 0.9% | 3.2% | ||
| Q2 24 | 0.6% | 4.4% | ||
| Q1 24 | 1.0% | 5.8% |
现金转化率HGVRBLX
| Q4 25 | 3.48× | — | ||
| Q3 25 | 1.36× | — | ||
| Q2 25 | 2.44× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 5.25× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 56.50× | — | ||
| Q1 24 | — | — |
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% |
RBLX
暂无分部数据
