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Hilton Grand Vacations Inc.（HGV）与Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.4倍（$1.2B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 4.0%，领先9.2%），Rithm Capital Corp.同比增速更快（508.5% vs 3.7%），过去两年Hilton Grand Vacations Inc.的营收复合增速更高（7.4% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
HGV vs RITM — 直观对比
营收规模更大
HGV
是对方的1.4倍
$828.2M
营收增速更快
RITM
高出504.7%
3.7%
净利率更高
RITM
高出9.2%
4.0%
两年增速更快
HGV
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $828.2M |
| 净利润 | $48.0M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 7.8% | 29.9% |
| 净利率 | 4.0% | 13.2% |
| 营收同比 | 3.7% | 508.5% |
| 净利润同比 | 140.0% | 27.7% |
| 每股收益（稀释后） | $0.53 | $0.12 |
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HGVRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $768.4M | ||
| Q4 24 | $1.1B | $2.1B | ||
| Q3 24 | $1.2B | $619.5M | ||
| Q2 24 | $1.1B | $1.2B |
净利润HGVRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $48.0M | $85.0M | ||
| Q3 25 | $25.0M | $221.5M | ||
| Q2 25 | $25.0M | $311.7M | ||
| Q1 25 | $-17.0M | $78.8M | ||
| Q4 24 | $20.0M | $290.2M | ||
| Q3 24 | $29.0M | $121.7M | ||
| Q2 24 | $2.0M | $235.6M |
营业利润率HGVRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 7.8% | 13.8% | ||
| Q3 25 | 3.9% | 21.4% | ||
| Q2 25 | 3.8% | 25.2% | ||
| Q1 25 | -0.6% | 7.4% | ||
| Q4 24 | 4.3% | 23.8% | ||
| Q3 24 | 7.9% | 7.3% | ||
| Q2 24 | 0.6% | 23.6% |
净利率HGVRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 4.0% | 5.7% | ||
| Q3 25 | 2.1% | 20.0% | ||
| Q2 25 | 2.2% | 25.6% | ||
| Q1 25 | -1.7% | 10.3% | ||
| Q4 24 | 1.7% | 14.0% | ||
| Q3 24 | 2.5% | 19.7% | ||
| Q2 24 | 0.2% | 19.2% |
每股收益（稀释后）HGVRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.53 | $0.09 | ||
| Q3 25 | $0.28 | $0.35 | ||
| Q2 25 | $0.25 | $0.53 | ||
| Q1 25 | $-0.17 | $0.07 | ||
| Q4 24 | $0.19 | $0.50 | ||
| Q3 24 | $0.28 | $0.20 | ||
| Q2 24 | $0.02 | $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 | — |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.3B | $9.1B |
| 总资产 | $11.5B | $53.4B |
| 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HGVRITM
| Q1 26 | — | — | ||
| Q4 25 | $239.0M | $1.8B | ||
| Q3 25 | $215.0M | $1.6B | ||
| Q2 25 | $269.0M | $1.6B | ||
| Q1 25 | $259.0M | $1.5B | ||
| Q4 24 | $328.0M | $1.5B | ||
| Q3 24 | $297.0M | $1.6B | ||
| Q2 24 | $328.0M | $1.2B |
总债务HGVRITM
| Q1 26 | — | — | ||
| Q4 25 | $4.5B | $35.4B | ||
| Q3 25 | $4.7B | $32.2B | ||
| Q2 25 | $4.6B | $31.2B | ||
| Q1 25 | $4.5B | $32.2B | ||
| Q4 24 | $4.6B | $32.6B | ||
| Q3 24 | $5.0B | $29.6B | ||
| Q2 24 | $4.9B | $30.1B |
股东权益HGVRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.3B | $8.4B | ||
| Q3 25 | $1.4B | $8.5B | ||
| Q2 25 | $1.5B | $7.9B | ||
| Q1 25 | $1.6B | $7.8B | ||
| Q4 24 | $1.8B | $7.8B | ||
| Q3 24 | $1.8B | $7.7B | ||
| Q2 24 | $1.9B | $7.3B |
总资产HGVRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $11.5B | $53.1B | ||
| Q3 25 | $11.7B | $47.2B | ||
| Q2 25 | $11.7B | $44.3B | ||
| Q1 25 | $11.8B | $45.3B | ||
| Q4 24 | $11.4B | $46.0B | ||
| Q3 24 | $11.2B | $42.3B | ||
| Q2 24 | $11.5B | $42.0B |
负债/权益比HGVRITM
| Q1 26 | — | — | ||
| Q4 25 | 3.53× | 4.20× | ||
| Q3 25 | 3.41× | 3.79× | ||
| Q2 25 | 3.07× | 3.92× | ||
| Q1 25 | 2.83× | 4.14× | ||
| Q4 24 | 2.63× | 4.18× | ||
| Q3 24 | 2.73× | 3.87× | ||
| Q2 24 | 2.55× | 4.10× |
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HGVRITM
| Q1 26 | — | — | ||
| Q4 25 | $167.0M | $-114.6M | ||
| Q3 25 | $34.0M | $-2.0B | ||
| Q2 25 | $61.0M | $-557.1M | ||
| Q1 25 | $38.0M | $1.4B | ||
| Q4 24 | $105.0M | $-1.8B | ||
| Q3 24 | $91.0M | $768.1M | ||
| Q2 24 | $113.0M | $-55.7M |
自由现金流HGVRITM
| Q1 26 | — | — | ||
| Q4 25 | $147.0M | — | ||
| Q3 25 | $13.0M | — | ||
| Q2 25 | $46.0M | — | ||
| Q1 25 | $24.0M | — | ||
| Q4 24 | $90.0M | — | ||
| Q3 24 | $81.0M | — | ||
| Q2 24 | $106.0M | — |
自由现金流率HGVRITM
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 6.9% | — | ||
| Q2 24 | 9.6% | — |
资本支出强度HGVRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.6% | — |
现金转化率HGVRITM
| Q1 26 | — | — | ||
| Q4 25 | 3.48× | -1.35× | ||
| Q3 25 | 1.36× | -9.22× | ||
| Q2 25 | 2.44× | -1.79× | ||
| Q1 25 | — | 18.03× | ||
| Q4 24 | 5.25× | -6.04× | ||
| Q3 24 | 3.14× | 6.31× | ||
| Q2 24 | 56.50× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
