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Hilton Grand Vacations Inc.（HGV）与Rivian Automotive, Inc.（RIVN）财务数据对比。点击上方公司名可切换其他公司
Rivian Automotive, Inc.的季度营收约是Hilton Grand Vacations Inc.的1.1倍（$1.3B vs $1.2B），Hilton Grand Vacations Inc.净利率更高（4.0% vs -63.1%，领先67.1%），Hilton Grand Vacations Inc.同比增速更快（3.7% vs -25.8%），Hilton Grand Vacations Inc.自由现金流更多（$147.0M vs $-1.1B），过去两年Hilton Grand Vacations Inc.的营收复合增速更高（7.4% vs 3.3%）
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。
Rivian Automotive是2009年成立的美国电动汽车制造商及汽车科技企业，主打基于自研滑板平台打造的电动SUV、皮卡及EDV电动配送货车，旗下R1T皮卡于2021年末正式开启交付，还计划于2023年底前在美国和加拿大布局专属充电网络，其平台可适配新车型也可对外授权使用。
HGV vs RIVN — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $48.0M | $-811.0M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 7.8% | -64.8% |
| 净利率 | 4.0% | -63.1% |
| 营收同比 | 3.7% | -25.8% |
| 净利润同比 | 140.0% | -9.0% |
| 每股收益（稀释后） | $0.53 | $-0.66 |
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
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $1.0B | $1.2B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.2B | $874.0M | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.2B |
| Q4 25 | $48.0M | $-811.0M | ||
| Q3 25 | $25.0M | $-1.2B | ||
| Q2 25 | $25.0M | $-1.1B | ||
| Q1 25 | $-17.0M | $-545.0M | ||
| Q4 24 | $20.0M | $-744.0M | ||
| Q3 24 | $29.0M | $-1.1B | ||
| Q2 24 | $2.0M | $-1.5B | ||
| Q1 24 | $-4.0M | $-1.4B |
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 1.5% | ||
| Q2 25 | — | -15.8% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 9.8% | ||
| Q3 24 | — | -44.9% | ||
| Q2 24 | — | -38.9% | ||
| Q1 24 | — | -43.8% |
| Q4 25 | 7.8% | -64.8% | ||
| Q3 25 | 3.9% | -63.1% | ||
| Q2 25 | 3.8% | -85.5% | ||
| Q1 25 | -0.6% | -52.8% | ||
| Q4 24 | 4.3% | -38.1% | ||
| Q3 24 | 7.9% | -133.8% | ||
| Q2 24 | 0.6% | -118.7% | ||
| Q1 24 | -1.3% | -123.3% |
| Q4 25 | 4.0% | -63.1% | ||
| Q3 25 | 2.1% | -75.3% | ||
| Q2 25 | 2.2% | -85.7% | ||
| Q1 25 | -1.7% | -44.0% | ||
| Q4 24 | 1.7% | -42.9% | ||
| Q3 24 | 2.5% | -125.9% | ||
| Q2 24 | 0.2% | -125.8% | ||
| Q1 24 | -0.4% | -120.1% |
| Q4 25 | $0.53 | $-0.66 | ||
| Q3 25 | $0.28 | $-0.96 | ||
| Q2 25 | $0.25 | $-0.97 | ||
| Q1 25 | $-0.17 | $-0.48 | ||
| Q4 24 | $0.19 | $-0.67 | ||
| Q3 24 | $0.28 | $-1.08 | ||
| Q2 24 | $0.02 | $-1.46 | ||
| Q1 24 | $-0.04 | $-1.48 |
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 | $6.1B |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.3B | $4.6B |
| 总资产 | $11.5B | $14.9B |
| 负债/权益比越低杠杆越低 | 3.53× | — |
8季度趋势，按日历期对齐
| Q4 25 | $239.0M | $6.1B | ||
| Q3 25 | $215.0M | $7.1B | ||
| Q2 25 | $269.0M | $7.5B | ||
| Q1 25 | $259.0M | $7.2B | ||
| Q4 24 | $328.0M | $7.7B | ||
| Q3 24 | $297.0M | $6.7B | ||
| Q2 24 | $328.0M | $7.9B | ||
| Q1 24 | $355.0M | $7.9B |
| 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 | $5.5B | ||
| Q1 24 | $5.1B | $4.4B |
| Q4 25 | $1.3B | $4.6B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $1.5B | $6.1B | ||
| Q1 25 | $1.6B | $6.2B | ||
| Q4 24 | $1.8B | $6.6B | ||
| Q3 24 | $1.8B | $5.9B | ||
| Q2 24 | $1.9B | $6.8B | ||
| Q1 24 | $2.0B | $8.1B |
| Q4 25 | $11.5B | $14.9B | ||
| Q3 25 | $11.7B | $15.2B | ||
| Q2 25 | $11.7B | $15.6B | ||
| Q1 25 | $11.8B | $15.5B | ||
| Q4 24 | $11.4B | $15.4B | ||
| Q3 24 | $11.2B | $14.3B | ||
| Q2 24 | $11.5B | $15.4B | ||
| Q1 24 | $11.7B | $15.7B |
| 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× | 0.81× | ||
| Q1 24 | 2.57× | 0.55× |
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 | $-681.0M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $-1.1B |
| 自由现金流率自由现金流/营收 | 12.3% | -89.0% |
| 资本支出强度资本支出/营收 | 1.7% | 36.0% |
| 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 | $-2.5B |
8季度趋势，按日历期对齐
| Q4 25 | $167.0M | $-681.0M | ||
| Q3 25 | $34.0M | $26.0M | ||
| Q2 25 | $61.0M | $64.0M | ||
| Q1 25 | $38.0M | $-188.0M | ||
| Q4 24 | $105.0M | $1.2B | ||
| Q3 24 | $91.0M | $-876.0M | ||
| Q2 24 | $113.0M | $-754.0M | ||
| Q1 24 | $0 | $-1.3B |
| Q4 25 | $147.0M | $-1.1B | ||
| Q3 25 | $13.0M | $-421.0M | ||
| Q2 25 | $46.0M | $-398.0M | ||
| Q1 25 | $24.0M | $-526.0M | ||
| Q4 24 | $90.0M | $856.0M | ||
| Q3 24 | $81.0M | $-1.2B | ||
| Q2 24 | $106.0M | $-1.0B | ||
| Q1 24 | — | $-1.5B |
| Q4 25 | 12.3% | -89.0% | ||
| Q3 25 | 1.1% | -27.0% | ||
| Q2 25 | 4.0% | -30.5% | ||
| Q1 25 | 2.4% | -42.4% | ||
| Q4 24 | 7.8% | 49.4% | ||
| Q3 24 | 6.9% | -131.9% | ||
| Q2 24 | 9.6% | -89.6% | ||
| Q1 24 | — | -126.5% |
| Q4 25 | 1.7% | 36.0% | ||
| Q3 25 | 1.8% | 28.7% | ||
| Q2 25 | 1.3% | 35.5% | ||
| Q1 25 | 1.4% | 27.3% | ||
| Q4 24 | 1.3% | 18.9% | ||
| Q3 24 | 0.9% | 31.7% | ||
| Q2 24 | 0.6% | 24.4% | ||
| Q1 24 | 1.0% | 21.1% |
| 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% |
RIVN
| Automotive Segment | $839.0M | 65% |
| Software And Services Segment | $447.0M | 35% |
| Regulatory Credits | $30.0M | 2% |
