HGVHilton Grand Vacations Inc.
Hotels, Rooming Houses, Camps & Other Lodging Places · $2.9B market cap · 22,300 employees
0.6×
Less likely than average to be taken private
Top 29% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works
Takeover signals
What an activist or buyer would see: cheap, overpaid, diluted or under pressure.
6of 15 firedHow well they predict deals →
- Payouts exceed cash flowYes200% of cash flowBuybacks + dividends over cash flow
- Low revenue per employeeYes$202K · 21st pctBottom quartile of its SIC industry
- Quiet on AIYes0.2 per 10K words · 13th pctBottom quartile of AI mentions in 10-Ks
- Buyout-sizedYes$2.9B market capMarket cap $500M–$5B
- Active 13DYes2 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$13M netNet sales over $10M in 12 months
9 other checks
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo370% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Goodwill-heavyNo17% of assetsOver 40% of assets
- Shareholder dissentNo99% lowest supportAny vote under 80% support
- Net cashNo—More cash than debt, positive EBITDA
- Recurring revenueNo4 of 1010-K business scored 7+ of 10 for recurring revenue
- AI-rollup shapedNo1 of 1010-K business scored 5+ of 10 as an AI-rollup target
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Jun 21, 2021 | DEFM14A | — | $13.84 | 32.022% |
Key numbers
- Revenue
- $4.5B
- 1.1% YoY
- Operating margin
- —
- EBITDA
- —
- Net debt / EBITDA
- —
- $4.7B net debt
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.3B | $3.5B | $3.6B | $4.5B | $4.5B | 1.1% |
| Net income | $176M | $352M | $313M | $47M | $81M | 72% |
| Operating cash flow | $168M | $747M | $312M | $309M | $300M | 2.9% |
| Capex | $18M | $58M | $31M | $42M | $70M | 67% |
| Stock-based comp | $48M | $46M | $40M | $47M | $64M | 36% |
| Buybacks | $0 | $272M | $368M | $432M | $600M | 39% |
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Aug 14, 2026 | CAS Investment Partners, LLC | SCHEDULE 13D | 6.5% | Active |
| Jun 24, 2026 | Apollo Principal Holdings A GP, Ltd. | SCHEDULE 13D/A | 15.9% | Passive |
| Jun 8, 2026 | Apollo Principal Holdings A GP, Ltd. | SCHEDULE 13D/A | 16.9% | Passive |
| Aug 27, 2025 | Apollo Management Holdings GP, LLC | SCHEDULE 13D | 23.6% | Passive |
| Aug 18, 2025 | Apollo Principal Holdings A GP, Ltd. | SCHEDULE 13D/A | 20.7% | Active |
| Nov 27, 2024 | Apollo Principal Holdings A GP Ltd | SC 13D/A | 6.8% | Active |
| Aug 11, 2021 | Apollo Principal Holdings III GP Ltd | SC 13D | 6.5% | Active |
Insider trading
−$13Mnet selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $13M · 6 trades
Pay vs performance
No pay-versus-performance disclosure yet.