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Hilton Grand Vacations Inc.（HGV）与赛莱默（XYL）财务数据对比。点击上方公司名可切换其他公司
赛莱默的季度营收约是Hilton Grand Vacations Inc.的1.8倍（$2.1B vs $1.2B），赛莱默净利率更高（8.9% vs 4.0%，领先4.9%），Hilton Grand Vacations Inc.同比增速更快（3.7% vs 2.7%），过去两年Hilton Grand Vacations Inc.的营收复合增速更高（7.4% vs -1.0%）
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。
该文本为植物学对木质部的定义说明，并非赛莱默公司（Xylem Inc.）的企业业务介绍。Xylem Inc.是一家专注于水技术与解决方案的全球企业，提供水务基础设施、水环境治理等相关设备与服务。
HGV vs XYL — 直观对比
营收规模更大
XYL
是对方的1.8倍
$1.2B
营收增速更快
HGV
高出1.0%
2.7%
净利率更高
XYL
高出4.9%
4.0%
两年增速更快
HGV
近两年复合增速
-1.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.1B |
| 净利润 | $48.0M | $189.0M |
| 毛利率 | — | 37.8% |
| 营业利润率 | 7.8% | 11.5% |
| 净利率 | 4.0% | 8.9% |
| 营收同比 | 3.7% | 2.7% |
| 净利润同比 | 140.0% | 13.2% |
| 每股收益（稀释后） | $0.53 | $0.79 |
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HGVXYL
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.2B | $2.4B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.1B | $2.3B | ||
| Q1 25 | $1.0B | $2.1B | ||
| Q4 24 | $1.1B | $2.3B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.1B | $2.2B |
净利润HGVXYL
| Q1 26 | — | $189.0M | ||
| Q4 25 | $48.0M | $335.0M | ||
| Q3 25 | $25.0M | $227.0M | ||
| Q2 25 | $25.0M | $226.0M | ||
| Q1 25 | $-17.0M | $169.0M | ||
| Q4 24 | $20.0M | $326.0M | ||
| Q3 24 | $29.0M | $217.0M | ||
| Q2 24 | $2.0M | $194.0M |
毛利率HGVXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 38.9% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | — | 37.3% | ||
| Q2 24 | — | 37.8% |
营业利润率HGVXYL
| Q1 26 | — | 11.5% | ||
| Q4 25 | 7.8% | 14.7% | ||
| Q3 25 | 3.9% | 14.7% | ||
| Q2 25 | 3.8% | 13.3% | ||
| Q1 25 | -0.6% | 11.2% | ||
| Q4 24 | 4.3% | 11.8% | ||
| Q3 24 | 7.9% | 13.3% | ||
| Q2 24 | 0.6% | 11.7% |
净利率HGVXYL
| Q1 26 | — | 8.9% | ||
| Q4 25 | 4.0% | 14.0% | ||
| Q3 25 | 2.1% | 10.0% | ||
| Q2 25 | 2.2% | 9.8% | ||
| Q1 25 | -1.7% | 8.2% | ||
| Q4 24 | 1.7% | 14.5% | ||
| Q3 24 | 2.5% | 10.3% | ||
| Q2 24 | 0.2% | 8.9% |
每股收益（稀释后）HGVXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | $0.53 | $1.37 | ||
| Q3 25 | $0.28 | $0.93 | ||
| Q2 25 | $0.25 | $0.93 | ||
| Q1 25 | $-0.17 | $0.69 | ||
| Q4 24 | $0.19 | $1.33 | ||
| Q3 24 | $0.28 | $0.89 | ||
| Q2 24 | $0.02 | $0.80 |
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 | $808.0M |
| 总债务越低越好 | $4.5B | $1.9B |
| 股东权益账面价值 | $1.3B | $11.0B |
| 总资产 | $11.5B | $17.0B |
| 负债/权益比越低杠杆越低 | 3.53× | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资HGVXYL
| Q1 26 | — | $808.0M | ||
| Q4 25 | $239.0M | $1.5B | ||
| Q3 25 | $215.0M | $1.2B | ||
| Q2 25 | $269.0M | $1.2B | ||
| Q1 25 | $259.0M | $1.1B | ||
| Q4 24 | $328.0M | $1.1B | ||
| Q3 24 | $297.0M | $989.0M | ||
| Q2 24 | $328.0M | $815.0M |
总债务HGVXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | $4.5B | $2.0B | ||
| Q3 25 | $4.7B | $2.0B | ||
| Q2 25 | $4.6B | $2.0B | ||
| Q1 25 | $4.5B | $2.0B | ||
| Q4 24 | $4.6B | $2.0B | ||
| Q3 24 | $5.0B | — | ||
| Q2 24 | $4.9B | — |
股东权益HGVXYL
| Q1 26 | — | $11.0B | ||
| Q4 25 | $1.3B | $11.5B | ||
| Q3 25 | $1.4B | $11.2B | ||
| Q2 25 | $1.5B | $11.1B | ||
| Q1 25 | $1.6B | $10.8B | ||
| Q4 24 | $1.8B | $10.6B | ||
| Q3 24 | $1.8B | $10.6B | ||
| Q2 24 | $1.9B | $10.3B |
总资产HGVXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $11.5B | $17.6B | ||
| Q3 25 | $11.7B | $17.3B | ||
| Q2 25 | $11.7B | $17.2B | ||
| Q1 25 | $11.8B | $16.6B | ||
| Q4 24 | $11.4B | $16.5B | ||
| Q3 24 | $11.2B | $16.0B | ||
| Q2 24 | $11.5B | $15.8B |
负债/权益比HGVXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | 3.53× | 0.17× | ||
| Q3 25 | 3.41× | 0.18× | ||
| Q2 25 | 3.07× | 0.18× | ||
| Q1 25 | 2.83× | 0.19× | ||
| Q4 24 | 2.63× | 0.19× | ||
| Q3 24 | 2.73× | — | ||
| Q2 24 | 2.55× | — |
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 | — |
| 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% | 4.2% |
| 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HGVXYL
| Q1 26 | — | — | ||
| Q4 25 | $167.0M | $543.0M | ||
| Q3 25 | $34.0M | $360.0M | ||
| Q2 25 | $61.0M | $305.0M | ||
| Q1 25 | $38.0M | $33.0M | ||
| Q4 24 | $105.0M | $575.0M | ||
| Q3 24 | $91.0M | $311.0M | ||
| Q2 24 | $113.0M | $288.0M |
自由现金流HGVXYL
| Q1 26 | — | — | ||
| Q4 25 | $147.0M | $460.0M | ||
| Q3 25 | $13.0M | $281.0M | ||
| Q2 25 | $46.0M | $207.0M | ||
| Q1 25 | $24.0M | $-38.0M | ||
| Q4 24 | $90.0M | $475.0M | ||
| Q3 24 | $81.0M | $237.0M | ||
| Q2 24 | $106.0M | $215.0M |
自由现金流率HGVXYL
| Q1 26 | — | — | ||
| Q4 25 | 12.3% | 19.2% | ||
| Q3 25 | 1.1% | 12.4% | ||
| Q2 25 | 4.0% | 9.0% | ||
| Q1 25 | 2.4% | -1.8% | ||
| Q4 24 | 7.8% | 21.1% | ||
| Q3 24 | 6.9% | 11.3% | ||
| Q2 24 | 9.6% | 9.9% |
资本支出强度HGVXYL
| Q1 26 | — | 4.2% | ||
| Q4 25 | 1.7% | 3.5% | ||
| Q3 25 | 1.8% | 3.5% | ||
| Q2 25 | 1.3% | 4.3% | ||
| Q1 25 | 1.4% | 3.4% | ||
| Q4 24 | 1.3% | 4.4% | ||
| Q3 24 | 0.9% | 3.5% | ||
| Q2 24 | 0.6% | 3.4% |
现金转化率HGVXYL
| Q1 26 | — | — | ||
| Q4 25 | 3.48× | 1.62× | ||
| Q3 25 | 1.36× | 1.59× | ||
| Q2 25 | 2.44× | 1.35× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | 5.25× | 1.76× | ||
| Q3 24 | 3.14× | 1.43× | ||
| Q2 24 | 56.50× | 1.48× |
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% |
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
