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Hilton Grand Vacations Inc.（HGV）与RANGE RESOURCES CORP（RRC）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RANGE RESOURCES CORP的1.5倍（$1.2B vs $786.9M），RANGE RESOURCES CORP净利率更高（22.8% vs 4.0%，领先18.7%），RANGE RESOURCES CORP同比增速更快（18.0% vs 3.7%），过去两年RANGE RESOURCES CORP的营收复合增速更高（14.6% 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。
Range Resources Corporation是一家总部位于美国得克萨斯州沃斯堡的天然气勘探开采企业，核心运营区域为马塞勒斯页岩地层，是该地区拥有土地面积最大的运营商，专注于天然气资源的勘探、开发与生产业务，在北美油气开发领域具备深厚的行业积累。
HGV vs RRC — 直观对比
营收规模更大
HGV
是对方的1.5倍
$786.9M
营收增速更快
RRC
高出14.2%
3.7%
净利率更高
RRC
高出18.7%
4.0%
两年增速更快
RRC
近两年复合增速
7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $786.9M |
| 净利润 | $48.0M | $179.1M |
| 毛利率 | — | 94.5% |
| 营业利润率 | 7.8% | — |
| 净利率 | 4.0% | 22.8% |
| 营收同比 | 3.7% | 18.0% |
| 净利润同比 | 140.0% | 88.8% |
| 每股收益（稀释后） | $0.53 | $0.75 |
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HGVRRC
| Q4 25 | $1.2B | $786.9M | ||
| Q3 25 | $1.2B | $655.3M | ||
| Q2 25 | $1.1B | $699.6M | ||
| Q1 25 | $1.0B | $846.3M | ||
| Q4 24 | $1.1B | $667.0M | ||
| Q3 24 | $1.2B | $567.9M | ||
| Q2 24 | $1.1B | $513.2M | ||
| Q1 24 | $1.0B | $598.8M |
净利润HGVRRC
| Q4 25 | $48.0M | $179.1M | ||
| Q3 25 | $25.0M | $144.3M | ||
| Q2 25 | $25.0M | $237.6M | ||
| Q1 25 | $-17.0M | $97.1M | ||
| Q4 24 | $20.0M | $94.8M | ||
| Q3 24 | $29.0M | $50.7M | ||
| Q2 24 | $2.0M | $28.7M | ||
| Q1 24 | $-4.0M | $92.1M |
毛利率HGVRRC
| Q4 25 | — | 94.5% | ||
| Q3 25 | — | 92.5% | ||
| Q2 25 | — | 95.0% | ||
| Q1 25 | — | 93.1% | ||
| Q4 24 | — | 93.7% | ||
| Q3 24 | — | 94.3% | ||
| Q2 24 | — | 93.4% | ||
| Q1 24 | — | 94.7% |
营业利润率HGVRRC
| Q4 25 | 7.8% | — | ||
| Q3 25 | 3.9% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -0.6% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 7.9% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | -1.3% | — |
净利率HGVRRC
| Q4 25 | 4.0% | 22.8% | ||
| Q3 25 | 2.1% | 22.0% | ||
| Q2 25 | 2.2% | 34.0% | ||
| Q1 25 | -1.7% | 11.5% | ||
| Q4 24 | 1.7% | 14.2% | ||
| Q3 24 | 2.5% | 8.9% | ||
| Q2 24 | 0.2% | 5.6% | ||
| Q1 24 | -0.4% | 15.4% |
每股收益（稀释后）HGVRRC
| Q4 25 | $0.53 | $0.75 | ||
| Q3 25 | $0.28 | $0.60 | ||
| Q2 25 | $0.25 | $0.99 | ||
| Q1 25 | $-0.17 | $0.40 | ||
| Q4 24 | $0.19 | $0.38 | ||
| Q3 24 | $0.28 | $0.21 | ||
| Q2 24 | $0.02 | $0.12 | ||
| Q1 24 | $-0.04 | $0.38 |
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 | $204.0K |
| 总债务越低越好 | $4.5B | $1.2B |
| 股东权益账面价值 | $1.3B | $4.3B |
| 总资产 | $11.5B | $7.4B |
| 负债/权益比越低杠杆越低 | 3.53× | 0.28× |
8季度趋势，按日历期对齐
现金及短期投资HGVRRC
| Q4 25 | $239.0M | $204.0K | ||
| Q3 25 | $215.0M | $175.0K | ||
| Q2 25 | $269.0M | $134.0K | ||
| Q1 25 | $259.0M | $344.6M | ||
| Q4 24 | $328.0M | $304.5M | ||
| Q3 24 | $297.0M | $277.4M | ||
| Q2 24 | $328.0M | $251.1M | ||
| Q1 24 | $355.0M | $343.1M |
总债务HGVRRC
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $4.7B | $1.2B | ||
| Q2 25 | $4.6B | $1.2B | ||
| Q1 25 | $4.5B | $1.7B | ||
| Q4 24 | $4.6B | $1.7B | ||
| Q3 24 | $5.0B | $1.7B | ||
| Q2 24 | $4.9B | $1.7B | ||
| Q1 24 | $5.1B | $1.8B |
股东权益HGVRRC
| Q4 25 | $1.3B | $4.3B | ||
| Q3 25 | $1.4B | $4.2B | ||
| Q2 25 | $1.5B | $4.1B | ||
| Q1 25 | $1.6B | $3.9B | ||
| Q4 24 | $1.8B | $3.9B | ||
| Q3 24 | $1.8B | $3.9B | ||
| Q2 24 | $1.9B | $3.9B | ||
| Q1 24 | $2.0B | $3.8B |
总资产HGVRRC
| Q4 25 | $11.5B | $7.4B | ||
| Q3 25 | $11.7B | $7.2B | ||
| Q2 25 | $11.7B | $7.1B | ||
| Q1 25 | $11.8B | $7.4B | ||
| Q4 24 | $11.4B | $7.3B | ||
| Q3 24 | $11.2B | $7.2B | ||
| Q2 24 | $11.5B | $7.3B | ||
| Q1 24 | $11.7B | $7.4B |
负债/权益比HGVRRC
| Q4 25 | 3.53× | 0.28× | ||
| Q3 25 | 3.41× | 0.29× | ||
| Q2 25 | 3.07× | 0.29× | ||
| Q1 25 | 2.83× | 0.43× | ||
| Q4 24 | 2.63× | 0.43× | ||
| Q3 24 | 2.73× | 0.44× | ||
| Q2 24 | 2.55× | 0.44× | ||
| Q1 24 | 2.57× | 0.46× |
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 | $257.5M |
| 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× | 1.44× |
| 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HGVRRC
| Q4 25 | $167.0M | $257.5M | ||
| Q3 25 | $34.0M | $247.5M | ||
| Q2 25 | $61.0M | $336.2M | ||
| Q1 25 | $38.0M | $330.1M | ||
| Q4 24 | $105.0M | $217.9M | ||
| Q3 24 | $91.0M | $245.9M | ||
| Q2 24 | $113.0M | $148.8M | ||
| Q1 24 | $0 | $331.9M |
自由现金流HGVRRC
| 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 | — | ||
| Q1 24 | — | — |
自由现金流率HGVRRC
| 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% | — | ||
| Q1 24 | — | — |
资本支出强度HGVRRC
| 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% | — | ||
| Q1 24 | 1.0% | — |
现金转化率HGVRRC
| Q4 25 | 3.48× | 1.44× | ||
| Q3 25 | 1.36× | 1.72× | ||
| Q2 25 | 2.44× | 1.42× | ||
| Q1 25 | — | 3.40× | ||
| Q4 24 | 5.25× | 2.30× | ||
| Q3 24 | 3.14× | 4.85× | ||
| Q2 24 | 56.50× | 5.18× | ||
| Q1 24 | — | 3.60× |
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% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
