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Hilton Grand Vacations Inc.（HGV）与ADVANCED DRAINAGE SYSTEMS, INC.（WMS）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ADVANCED DRAINAGE SYSTEMS, INC.的1.7倍（$1.2B vs $693.4M），ADVANCED DRAINAGE SYSTEMS, INC.净利率更高（13.5% vs 4.0%，领先9.5%），Hilton Grand Vacations Inc.同比增速更快（3.7% vs 0.4%），ADVANCED DRAINAGE SYSTEMS, INC.自由现金流更多（$183.6M vs $147.0M），过去两年Hilton Grand Vacations Inc.的营收复合增速更高（7.4% vs 3.0%）
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。
Advanced Drainage Systems（简称ADS）是一家美国企业，主营聚丙烯、聚乙烯管材，塑料渗滤场系统、化粪池及配套配件、雨水调蓄设施、PVC排水构件、管件、水过滤与分离设备的设计、生产及销售，是美国规模最大的高密度聚乙烯管道生产商，总部位于俄亥俄州希利厄德。
HGV vs WMS — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $693.4M |
| 净利润 | $48.0M | $93.6M |
| 毛利率 | — | 37.4% |
| 营业利润率 | 7.8% | 19.7% |
| 净利率 | 4.0% | 13.5% |
| 营收同比 | 3.7% | 0.4% |
| 净利润同比 | 140.0% | 15.3% |
| 每股收益（稀释后） | $0.53 | $1.19 |
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 | $693.4M | ||
| Q3 25 | $1.2B | $850.4M | ||
| Q2 25 | $1.1B | $829.9M | ||
| Q1 25 | $1.0B | $615.8M | ||
| Q4 24 | $1.1B | $690.5M | ||
| Q3 24 | $1.2B | $782.6M | ||
| Q2 24 | $1.1B | $815.3M | ||
| Q1 24 | $1.0B | $653.8M |
| Q4 25 | $48.0M | $93.6M | ||
| Q3 25 | $25.0M | $156.0M | ||
| Q2 25 | $25.0M | $143.9M | ||
| Q1 25 | $-17.0M | $77.2M | ||
| Q4 24 | $20.0M | $81.2M | ||
| Q3 24 | $29.0M | $130.4M | ||
| Q2 24 | $2.0M | $161.4M | ||
| Q1 24 | $-4.0M | $94.8M |
| Q4 25 | — | 37.4% | ||
| Q3 25 | — | 40.0% | ||
| Q2 25 | — | 39.8% | ||
| Q1 25 | — | 36.7% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | 7.8% | 19.7% | ||
| Q3 25 | 3.9% | 26.3% | ||
| Q2 25 | 3.8% | 24.8% | ||
| Q1 25 | -0.6% | 19.0% | ||
| Q4 24 | 4.3% | 18.4% | ||
| Q3 24 | 7.9% | 23.9% | ||
| Q2 24 | 0.6% | 27.7% | ||
| Q1 24 | -1.3% | 20.7% |
| Q4 25 | 4.0% | 13.5% | ||
| Q3 25 | 2.1% | 18.3% | ||
| Q2 25 | 2.2% | 17.3% | ||
| Q1 25 | -1.7% | 12.5% | ||
| Q4 24 | 1.7% | 11.8% | ||
| Q3 24 | 2.5% | 16.7% | ||
| Q2 24 | 0.2% | 19.8% | ||
| Q1 24 | -0.4% | 14.5% |
| Q4 25 | $0.53 | $1.19 | ||
| Q3 25 | $0.28 | $1.99 | ||
| Q2 25 | $0.25 | $1.84 | ||
| Q1 25 | $-0.17 | $0.99 | ||
| Q4 24 | $0.19 | $1.04 | ||
| Q3 24 | $0.28 | $1.67 | ||
| Q2 24 | $0.02 | $2.06 | ||
| Q1 24 | $-0.04 | $1.22 |
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 | $1.0B |
| 总债务越低越好 | $4.5B | — |
| 股东权益账面价值 | $1.3B | $1.9B |
| 总资产 | $11.5B | $4.1B |
| 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 | $1.0B | ||
| Q3 25 | $215.0M | $812.9M | ||
| Q2 25 | $269.0M | $638.3M | ||
| Q1 25 | $259.0M | $463.3M | ||
| Q4 24 | $328.0M | $488.9M | ||
| Q3 24 | $297.0M | $613.0M | ||
| Q2 24 | $328.0M | $541.6M | ||
| Q1 24 | $355.0M | $490.2M |
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.7B | — | ||
| Q2 25 | $4.6B | — | ||
| Q1 25 | $4.5B | $1.3B | ||
| Q4 24 | $4.6B | — | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $4.9B | — | ||
| Q1 24 | $5.1B | $1.3B |
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $2.0B | $1.2B |
| Q4 25 | $11.5B | $4.1B | ||
| Q3 25 | $11.7B | $4.1B | ||
| Q2 25 | $11.7B | $3.9B | ||
| Q1 25 | $11.8B | $3.7B | ||
| Q4 24 | $11.4B | $3.6B | ||
| Q3 24 | $11.2B | $3.5B | ||
| Q2 24 | $11.5B | $3.4B | ||
| Q1 24 | $11.7B | $3.3B |
| Q4 25 | 3.53× | — | ||
| Q3 25 | 3.41× | — | ||
| Q2 25 | 3.07× | — | ||
| Q1 25 | 2.83× | 0.83× | ||
| Q4 24 | 2.63× | — | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 2.55× | — | ||
| Q1 24 | 2.57× | 1.11× |
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 | $269.3M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | $183.6M |
| 自由现金流率自由现金流/营收 | 12.3% | 26.5% |
| 资本支出强度资本支出/营收 | 1.7% | 12.4% |
| 现金转化率经营现金流/净利润 | 3.48× | 2.88× |
| 过去12个月自由现金流最近4个季度 | $230.0M | $577.1M |
8季度趋势，按日历期对齐
| Q4 25 | $167.0M | $269.3M | ||
| Q3 25 | $34.0M | $234.9M | ||
| Q2 25 | $61.0M | $275.0M | ||
| Q1 25 | $38.0M | $41.2M | ||
| Q4 24 | $105.0M | $189.9M | ||
| Q3 24 | $91.0M | $166.9M | ||
| Q2 24 | $113.0M | $183.4M | ||
| Q1 24 | $0 | $17.7M |
| Q4 25 | $147.0M | $183.6M | ||
| Q3 25 | $13.0M | $176.4M | ||
| Q2 25 | $46.0M | $222.4M | ||
| Q1 25 | $24.0M | $-5.3M | ||
| Q4 24 | $90.0M | $135.7M | ||
| Q3 24 | $81.0M | $112.4M | ||
| Q2 24 | $106.0M | $125.7M | ||
| Q1 24 | — | $-29.8M |
| Q4 25 | 12.3% | 26.5% | ||
| Q3 25 | 1.1% | 20.7% | ||
| Q2 25 | 4.0% | 26.8% | ||
| Q1 25 | 2.4% | -0.9% | ||
| Q4 24 | 7.8% | 19.7% | ||
| Q3 24 | 6.9% | 14.4% | ||
| Q2 24 | 9.6% | 15.4% | ||
| Q1 24 | — | -4.6% |
| Q4 25 | 1.7% | 12.4% | ||
| Q3 25 | 1.8% | 6.9% | ||
| Q2 25 | 1.3% | 6.3% | ||
| Q1 25 | 1.4% | 7.6% | ||
| Q4 24 | 1.3% | 7.9% | ||
| Q3 24 | 0.9% | 7.0% | ||
| Q2 24 | 0.6% | 7.1% | ||
| Q1 24 | 1.0% | 7.3% |
| Q4 25 | 3.48× | 2.88× | ||
| Q3 25 | 1.36× | 1.51× | ||
| Q2 25 | 2.44× | 1.91× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | 5.25× | 2.34× | ||
| Q3 24 | 3.14× | 1.28× | ||
| Q2 24 | 56.50× | 1.14× | ||
| Q1 24 | — | 0.19× |
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% |
WMS
| Reportable Segment Aggregation Before Other Operating Segment | $557.3M | 80% |
| Other | $85.5M | 12% |
| Pipe | $35.5M | 5% |
| Allied Products And Other | $15.0M | 2% |
