The Filing Desk

Hilton Grand Vacations vs IHG Hotels & Resorts

Hilton Grand Vacations HGV · IHG Hotels & Resorts IHG · Hotels, Resorts & Cruise Lines

IHG Hotels & Resorts reported revenue of $5.2 billion in fiscal 2025, about the same as Hilton Grand Vacations' $5.0 billion in fiscal 2025. Hilton Grand Vacations' revenue grew 1.3% in its latest year, and IHG Hotels & Resorts' grew 5.4%. Free cash flow was $230 million at Hilton Grand Vacations and $870 million at IHG Hotels & Resorts.

Side by side

Hilton Grand VacationsIHG Hotels & Resorts
Latest fiscal yearFY2025, Dec 31, 2025FY2025, Dec 31, 2025
Revenue$5.0B$5.2B
Revenue growth1.3%5.4%
Revenue growth a year, last 5 years41.4%16.7%
Gross margin—85.3%
Operating margin—23.1%
Net margin1.6%14.6%
Free cash flow$230M$870M
Free cash flow margin4.6%16.8%
Return on capital4.6%—
Net debt to EBITDA5.7x2.4x
Dividends and buybacks$600M$1.2B
Change in diluted share count−11.2%−4.4%
Last close$35.72$167.32
P/E at the last close20.4×—
Insider trades, last 12 monthssold $14.1 million—
Piotroski F-score—8 of 9
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.

Ten years

Revenue
US$ billions, fiscal years
Hilton Grand VacationsIHG Hotels & Resorts
Operating margin
Percent of revenue
Hilton Grand VacationsIHG Hotels & Resorts
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Hilton Grand VacationsIHG Hotels & Resorts

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Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Hilton Grand Vacations and IHG Hotels & Resorts pages.