HGV
Hilton Grand Vacations margins
- Stocks
- Consumer Cyclical
- NYSE: HGV
- Margins
Using the latest TTM figures, Hilton Grand Vacations shows a gross margin of 61.9%, an operating margin of 9.8%, an EBITDA margin of 15.3%, and a net margin of 2.9%. Net margin had the largest improvement, increasing by 1.8 percentage points, while the other available margins also improved.
HGV margin history
Over the last 3 years, Hilton Grand Vacations recorded average margins of 62.27% gross, 10.45% operating, 15.95% EBITDA, and 2.78% net. Hilton Grand Vacations's current performance shows that net margin is above its three-year average and gross, operating, and EBITDA margins are below their three-year averages.
HGV margin expansion
The biggest expansion was in net margin, which rose by 1.8 percentage points. The other available margins also improved.
HGV Gross margin
Hilton Grand Vacations's gross margin averaged 62.27% during the last 3 years. Against its three-year average, Hilton Grand Vacations's gross margin is currently 61.9%, 0.4 percentage points below its three-year average. Over the last 3 years, Hilton Grand Vacations's gross margin peaked at 63.3% in Mar 2024 and reached a low of 61.5% in Mar 2025.
HGV Operating margin
Across the last 3 years, Hilton Grand Vacations had an average operating margin of 10.45%. Against its three-year average, Hilton Grand Vacations's operating margin is currently 9.8%, 0.7 percentage points below its three-year average. Looking back over the last 3 years, Hilton Grand Vacations's operating margin reached 15.5% at its highest point in Dec 2023 and 8.4% at its lowest in Sep 2025.
HGV EBITDA margin
Across the last 3 years, Hilton Grand Vacations's EBITDA margin stood at 15.95%. The current EBITDA margin stands at 15.3%, 0.7 percentage points below its three-year average. EBITDA margin was highest at 21.1% in Dec 2023 and lowest at 13.8% in Sep 2025.
HGV Net margin
Over the last 3 years, Hilton Grand Vacations's net margin averaged 2.78%. Currently, Hilton Grand Vacations's current net margin is 2.9%, which is 0.1 percentage points above its three-year average. During this period, net margin reached a high of 7.9% in Dec 2023 and a low of 0.7% in Mar 2025.
HGV margin group comparison
With a gross margin of 61.9%, HGV is above the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 36.2%, Hilton Grand Vacations's gross margin is 71% higher.
HGV margin peer comparison
Frequently asked questions
What is Hilton Grand Vacations's gross margin?
For the period ending Jun 30, 2026, HGV recorded a gross margin of 61.9%.
What is Hilton Grand Vacations's operating margin?
As of Jun 30, 2026, HGV has an operating margin of 9.8%.
What is Hilton Grand Vacations's EBITDA margin?
The current EBITDA margin for HGV is 15.3% as of Jun 30, 2026.
What is Hilton Grand Vacations's net margin?
The current net margin for HGV is 2.9% as of Jun 30, 2026.
What are the average margins of HGV?
Hilton Grand Vacations's gross, operating, EBITDA, and net margins averaged 62.3% gross, 10.5% operating, 16.0% EBITDA, and 2.8% net over the last 3 years.
What are the highest historical margins of HGV?
Within the 5-year period, HGV recorded its highest margins at 64.6% gross in Dec 2021, 17.3% operating in Sep 2022, 24% EBITDA in Sep 2022, and 9.5% net in Sep 2022.
What are the lowest historical margins of HGV?
Within the 5-year period, HGV recorded its lowest margins at 61.5% gross in Mar 2025, 8.4% operating in Sep 2025, 13.8% EBITDA in Sep 2025, and 0.7% net in Mar 2025.