Is the business good?
How good a business is HGV?
Hilton Grand Vacations Inc. earns 7.2% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
7.2%
Return on invested capital · cost of capital 9.0% · 1.8 points below what the capital costs: growth destroys value
- Operating margin
- 9.9%
Operating margin · Resorts & Casinos median 15% · 12 months to Q2 2026
- Cash conversion
- 2.73×
Cash conversion · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −12%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −27% |
| FY2021 | 17% |
| FY2022 | 16% |
| FY2023 | 15% |
| FY2024 | 9.2% |
| FY2025 | 9.1% |
Details›
- Operating margin12 months to Q2 2026
- 9.9%
- Net margin12 months to Q2 2026
- 2.9%
- Free cash flow margin
- 7.8%
- Revenue, trailing twelve months
- $5.28B
- Free cash flow, trailing twelve months
- $413M
- Net income, trailing twelve months
- $151M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 7.2%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.