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Hilton Grand Vacations Inc.（HGV）与ROKU, INC（ROKU）财务数据对比。点击上方公司名可切换其他公司
ROKU, INC的季度营收约是Hilton Grand Vacations Inc.的1.2倍（$1.4B vs $1.2B），ROKU, INC净利率更高（5.8% vs 4.0%，领先1.7%），ROKU, INC同比增速更快（16.1% vs 3.7%），Hilton Grand Vacations Inc.自由现金流更多（$147.0M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
HGV vs ROKU — 直观对比
营收规模更大
ROKU
是对方的1.2倍
$1.2B
营收增速更快
ROKU
高出12.4%
3.7%
净利率更高
ROKU
高出1.7%
4.0%
自由现金流更多
HGV
多$40.4M
$106.6M
两年增速更快
ROKU
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 | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 7.8% | 4.7% |
| 净利率 | 4.0% | 5.8% |
| 营收同比 | 3.7% | 16.1% |
| 净利润同比 | 140.0% | 326.4% |
| 每股收益（稀释后） | $0.53 | $0.55 |
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HGVROKU
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.0B | $1.0B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.1B | $968.2M | ||
| Q1 24 | $1.0B | $881.5M |
净利润HGVROKU
| Q4 25 | $48.0M | $80.5M | ||
| Q3 25 | $25.0M | $24.8M | ||
| Q2 25 | $25.0M | $10.5M | ||
| Q1 25 | $-17.0M | $-27.4M | ||
| Q4 24 | $20.0M | $-35.5M | ||
| Q3 24 | $29.0M | $-9.0M | ||
| Q2 24 | $2.0M | $-34.0M | ||
| Q1 24 | $-4.0M | $-50.9M |
毛利率HGVROKU
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 44.1% |
营业利润率HGVROKU
| Q4 25 | 7.8% | 4.7% | ||
| Q3 25 | 3.9% | 0.8% | ||
| Q2 25 | 3.8% | -2.1% | ||
| Q1 25 | -0.6% | -5.7% | ||
| Q4 24 | 4.3% | -3.3% | ||
| Q3 24 | 7.9% | -3.4% | ||
| Q2 24 | 0.6% | -7.4% | ||
| Q1 24 | -1.3% | -8.2% |
净利率HGVROKU
| Q4 25 | 4.0% | 5.8% | ||
| Q3 25 | 2.1% | 2.0% | ||
| Q2 25 | 2.2% | 0.9% | ||
| Q1 25 | -1.7% | -2.7% | ||
| Q4 24 | 1.7% | -3.0% | ||
| Q3 24 | 2.5% | -0.9% | ||
| Q2 24 | 0.2% | -3.5% | ||
| Q1 24 | -0.4% | -5.8% |
每股收益（稀释后）HGVROKU
| Q4 25 | $0.53 | $0.55 | ||
| Q3 25 | $0.28 | $0.16 | ||
| Q2 25 | $0.25 | $0.07 | ||
| Q1 25 | $-0.17 | $-0.19 | ||
| Q4 24 | $0.19 | $-0.24 | ||
| Q3 24 | $0.28 | $-0.06 | ||
| Q2 24 | $0.02 | $-0.24 | ||
| Q1 24 | $-0.04 | $-0.35 |
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 | $2.3B |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.3B | $2.7B |
| 总资产 | $11.5B | $4.4B |
| 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HGVROKU
| Q4 25 | $239.0M | $2.3B | ||
| Q3 25 | $215.0M | $2.3B | ||
| Q2 25 | $269.0M | $2.3B | ||
| Q1 25 | $259.0M | $2.3B | ||
| Q4 24 | $328.0M | $2.2B | ||
| Q3 24 | $297.0M | $2.1B | ||
| Q2 24 | $328.0M | $2.1B | ||
| Q1 24 | $355.0M | $2.1B |
总债务HGVROKU
| 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 | — | ||
| Q1 24 | $5.1B | — |
股东权益HGVROKU
| Q4 25 | $1.3B | $2.7B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.6B | $2.5B | ||
| Q4 24 | $1.8B | $2.5B | ||
| Q3 24 | $1.8B | $2.5B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $2.0B | $2.4B |
总资产HGVROKU
| Q4 25 | $11.5B | $4.4B | ||
| Q3 25 | $11.7B | $4.4B | ||
| Q2 25 | $11.7B | $4.3B | ||
| Q1 25 | $11.8B | $4.2B | ||
| Q4 24 | $11.4B | $4.3B | ||
| Q3 24 | $11.2B | $4.3B | ||
| Q2 24 | $11.5B | $4.1B | ||
| Q1 24 | $11.7B | $4.2B |
负债/权益比HGVROKU
| 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× | — | ||
| 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 | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $106.6M |
| 自由现金流率自由现金流/营收 | 12.3% | 7.6% |
| 资本支出强度资本支出/营收 | 1.7% | 0.1% |
| 现金转化率经营现金流/净利润 | 3.48× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $230.0M | $478.4M |
8季度趋势，按日历期对齐
经营现金流HGVROKU
| Q4 25 | $167.0M | $107.7M | ||
| Q3 25 | $34.0M | $127.6M | ||
| Q2 25 | $61.0M | $109.7M | ||
| Q1 25 | $38.0M | $138.7M | ||
| Q4 24 | $105.0M | $79.3M | ||
| Q3 24 | $91.0M | $68.7M | ||
| Q2 24 | $113.0M | $23.4M | ||
| Q1 24 | $0 | $46.7M |
自由现金流HGVROKU
| Q4 25 | $147.0M | $106.6M | ||
| Q3 25 | $13.0M | $126.5M | ||
| Q2 25 | $46.0M | $108.6M | ||
| Q1 25 | $24.0M | $136.8M | ||
| Q4 24 | $90.0M | $76.8M | ||
| Q3 24 | $81.0M | $67.6M | ||
| Q2 24 | $106.0M | $22.5M | ||
| Q1 24 | — | $46.0M |
自由现金流率HGVROKU
| Q4 25 | 12.3% | 7.6% | ||
| Q3 25 | 1.1% | 10.4% | ||
| Q2 25 | 4.0% | 9.8% | ||
| Q1 25 | 2.4% | 13.4% | ||
| Q4 24 | 7.8% | 6.4% | ||
| Q3 24 | 6.9% | 6.4% | ||
| Q2 24 | 9.6% | 2.3% | ||
| Q1 24 | — | 5.2% |
资本支出强度HGVROKU
| Q4 25 | 1.7% | 0.1% | ||
| Q3 25 | 1.8% | 0.1% | ||
| Q2 25 | 1.3% | 0.1% | ||
| Q1 25 | 1.4% | 0.2% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 0.9% | 0.1% | ||
| Q2 24 | 0.6% | 0.1% | ||
| Q1 24 | 1.0% | 0.1% |
现金转化率HGVROKU
| Q4 25 | 3.48× | 1.34× | ||
| Q3 25 | 1.36× | 5.14× | ||
| Q2 25 | 2.44× | 10.45× | ||
| 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% |
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
