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Hilton Grand Vacations Inc.（HGV）与越洋钻探（RIG）财务数据对比。点击上方公司名可切换其他公司
Hilton Grand Vacations Inc.的季度营收约是越洋钻探的1.1倍（$1.2B vs $1.0B），Hilton Grand Vacations Inc.净利率更高（4.0% vs 2.4%，领先1.6%），越洋钻探同比增速更快（9.6% vs 3.7%），越洋钻探自由现金流更多（$321.0M vs $147.0M），过去两年越洋钻探的营收复合增速更高（16.9% 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。
越洋钻探（Transocean Ltd.）是按营收计全球规模最大的海上钻探承包商，总部位于瑞士施泰因豪森，起源于美国，目前在加拿大、美国、挪威、英国、印度、巴西、新加坡等20个国家设有办事机构，业务覆盖全球主要海上油气开采区域。
HGV vs RIG — 直观对比
营收规模更大
HGV
是对方的1.1倍
$1.0B
营收增速更快
RIG
高出5.8%
3.7%
净利率更高
HGV
高出1.6%
2.4%
自由现金流更多
RIG
多$174.0M
$147.0M
两年增速更快
RIG
近两年复合增速
7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $48.0M | $25.0M |
| 毛利率 | — | 42.0% |
| 营业利润率 | 7.8% | 23.0% |
| 净利率 | 4.0% | 2.4% |
| 营收同比 | 3.7% | 9.6% |
| 净利润同比 | 140.0% | 257.1% |
| 每股收益（稀释后） | $0.53 | $0.13 |
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HGVRIG
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.1B | $988.0M | ||
| Q1 25 | $1.0B | $906.0M | ||
| Q4 24 | $1.1B | $952.0M | ||
| Q3 24 | $1.2B | $948.0M | ||
| Q2 24 | $1.1B | $861.0M | ||
| Q1 24 | $1.0B | $763.0M |
净利润HGVRIG
| Q4 25 | $48.0M | $25.0M | ||
| Q3 25 | $25.0M | $-1.9B | ||
| Q2 25 | $25.0M | $-938.0M | ||
| Q1 25 | $-17.0M | $-79.0M | ||
| Q4 24 | $20.0M | $7.0M | ||
| Q3 24 | $29.0M | $-494.0M | ||
| Q2 24 | $2.0M | $-123.0M | ||
| Q1 24 | $-4.0M | $98.0M |
毛利率HGVRIG
| Q4 25 | — | 42.0% | ||
| Q3 25 | — | 43.2% | ||
| Q2 25 | — | 39.4% | ||
| Q1 25 | — | 31.8% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 40.6% | ||
| Q2 24 | — | 38.0% | ||
| Q1 24 | — | 31.5% |
营业利润率HGVRIG
| Q4 25 | 7.8% | 23.0% | ||
| Q3 25 | 3.9% | -163.1% | ||
| Q2 25 | 3.8% | -97.6% | ||
| Q1 25 | -0.6% | 7.1% | ||
| Q4 24 | 4.3% | 13.7% | ||
| Q3 24 | 7.9% | -51.2% | ||
| Q2 24 | 0.6% | -6.9% | ||
| Q1 24 | -1.3% | -0.4% |
净利率HGVRIG
| Q4 25 | 4.0% | 2.4% | ||
| Q3 25 | 2.1% | -187.1% | ||
| Q2 25 | 2.2% | -94.9% | ||
| Q1 25 | -1.7% | -8.7% | ||
| Q4 24 | 1.7% | 0.7% | ||
| Q3 24 | 2.5% | -52.1% | ||
| Q2 24 | 0.2% | -14.3% | ||
| Q1 24 | -0.4% | 12.8% |
每股收益（稀释后）HGVRIG
| Q4 25 | $0.53 | $0.13 | ||
| Q3 25 | $0.28 | $-2.00 | ||
| Q2 25 | $0.25 | $-1.06 | ||
| Q1 25 | $-0.17 | $-0.11 | ||
| Q4 24 | $0.19 | $-0.14 | ||
| Q3 24 | $0.28 | $-0.58 | ||
| Q2 24 | $0.02 | $-0.15 | ||
| Q1 24 | $-0.04 | $0.11 |
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 | $620.0M |
| 总债务越低越好 | $4.5B | $5.2B |
| 股东权益账面价值 | $1.3B | $8.1B |
| 总资产 | $11.5B | $15.6B |
| 负债/权益比越低杠杆越低 | 3.53× | 0.64× |
8季度趋势，按日历期对齐
现金及短期投资HGVRIG
| Q4 25 | $239.0M | $620.0M | ||
| Q3 25 | $215.0M | $833.0M | ||
| Q2 25 | $269.0M | $377.0M | ||
| Q1 25 | $259.0M | $263.0M | ||
| Q4 24 | $328.0M | $560.0M | ||
| Q3 24 | $297.0M | $435.0M | ||
| Q2 24 | $328.0M | $475.0M | ||
| Q1 24 | $355.0M | $446.0M |
总债务HGVRIG
| Q4 25 | $4.5B | $5.2B | ||
| Q3 25 | $4.7B | $4.8B | ||
| Q2 25 | $4.6B | $5.9B | ||
| Q1 25 | $4.5B | $5.9B | ||
| Q4 24 | $4.6B | $6.2B | ||
| Q3 24 | $5.0B | $6.5B | ||
| Q2 24 | $4.9B | $6.8B | ||
| Q1 24 | $5.1B | $6.8B |
股东权益HGVRIG
| Q4 25 | $1.3B | $8.1B | ||
| Q3 25 | $1.4B | $8.1B | ||
| Q2 25 | $1.5B | $9.4B | ||
| Q1 25 | $1.6B | $10.2B | ||
| Q4 24 | $1.8B | $10.3B | ||
| Q3 24 | $1.8B | $10.2B | ||
| Q2 24 | $1.9B | $10.7B | ||
| Q1 24 | $2.0B | $10.5B |
总资产HGVRIG
| Q4 25 | $11.5B | $15.6B | ||
| Q3 25 | $11.7B | $16.2B | ||
| Q2 25 | $11.7B | $17.8B | ||
| Q1 25 | $11.8B | $19.0B | ||
| Q4 24 | $11.4B | $19.4B | ||
| Q3 24 | $11.2B | $19.5B | ||
| Q2 24 | $11.5B | $20.3B | ||
| Q1 24 | $11.7B | $19.9B |
负债/权益比HGVRIG
| Q4 25 | 3.53× | 0.64× | ||
| Q3 25 | 3.41× | 0.60× | ||
| Q2 25 | 3.07× | 0.63× | ||
| Q1 25 | 2.83× | 0.58× | ||
| Q4 24 | 2.63× | 0.60× | ||
| Q3 24 | 2.73× | 0.64× | ||
| Q2 24 | 2.55× | 0.63× | ||
| Q1 24 | 2.57× | 0.65× |
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 | $349.0M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $321.0M |
| 自由现金流率自由现金流/营收 | 12.3% | 30.8% |
| 资本支出强度资本支出/营收 | 1.7% | 2.7% |
| 现金转化率经营现金流/净利润 | 3.48× | 13.96× |
| 过去12个月自由现金流最近4个季度 | $230.0M | $626.0M |
8季度趋势，按日历期对齐
经营现金流HGVRIG
| Q4 25 | $167.0M | $349.0M | ||
| Q3 25 | $34.0M | $246.0M | ||
| Q2 25 | $61.0M | $128.0M | ||
| Q1 25 | $38.0M | $26.0M | ||
| Q4 24 | $105.0M | $206.0M | ||
| Q3 24 | $91.0M | $194.0M | ||
| Q2 24 | $113.0M | $133.0M | ||
| Q1 24 | $0 | $-86.0M |
自由现金流HGVRIG
| Q4 25 | $147.0M | $321.0M | ||
| Q3 25 | $13.0M | $235.0M | ||
| Q2 25 | $46.0M | $104.0M | ||
| Q1 25 | $24.0M | $-34.0M | ||
| Q4 24 | $90.0M | $177.0M | ||
| Q3 24 | $81.0M | $136.0M | ||
| Q2 24 | $106.0M | $49.0M | ||
| Q1 24 | — | $-169.0M |
自由现金流率HGVRIG
| Q4 25 | 12.3% | 30.8% | ||
| Q3 25 | 1.1% | 22.9% | ||
| Q2 25 | 4.0% | 10.5% | ||
| Q1 25 | 2.4% | -3.8% | ||
| Q4 24 | 7.8% | 18.6% | ||
| Q3 24 | 6.9% | 14.3% | ||
| Q2 24 | 9.6% | 5.7% | ||
| Q1 24 | — | -22.1% |
资本支出强度HGVRIG
| Q4 25 | 1.7% | 2.7% | ||
| Q3 25 | 1.8% | 1.1% | ||
| Q2 25 | 1.3% | 2.4% | ||
| Q1 25 | 1.4% | 6.6% | ||
| Q4 24 | 1.3% | 3.0% | ||
| Q3 24 | 0.9% | 6.1% | ||
| Q2 24 | 0.6% | 9.8% | ||
| Q1 24 | 1.0% | 10.9% |
现金转化率HGVRIG
| Q4 25 | 3.48× | 13.96× | ||
| Q3 25 | 1.36× | — | ||
| Q2 25 | 2.44× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 5.25× | 29.43× | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 56.50× | — | ||
| Q1 24 | — | -0.88× |
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% |
RIG
| Ultra Deepwater Floaters | $433.0M | 42% |
| BR | $236.0M | 23% |
| Other Geographical | $211.0M | 20% |
| Harsh Environment Floaters | $163.0M | 16% |
