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Hilton Grand Vacations vs Target Hospitality: HGV and TH compared
Hilton Grand Vacations is the larger company: $2.0B of revenue in its latest quarter (Q3 2026) against $85.5M for Target Hospitality (Q2 2026). Hilton Grand Vacations is growing faster (+51% against +39% a year earlier). Hilton Grand Vacations is more profitable, with an operating margin of 25.1% against -8.8%.
Where the money goes: HGV and TH
Hilton Grand Vacations (HGV) · Q3 2026
Hilton Grand Vacations, Q3 2026: revenue $2.0B (+51% year over year), operating margin 25.1%, net earnings $291M, operating cash flow $87.0M. The chart follows the revenue to costs, profit and cash.
Target Hospitality (TH) · Q2 2026
Target Hospitality, Q2 2026: revenue $85.5M (+39% year over year), operating margin -8.8%, net loss $9.0M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
| Hilton Grand Vacations (HGV) | Target Hospitality (TH) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $2.0B | $85.5M |
| Revenue growth, Y/Y | +51% | +39% |
| Operating margin | 25.1% | -8.8% |
| Net earnings | $291M | −$9.0M |
| Net margin | 14.8% | -10.5% |
| Operating cash flow | $87.0M | $104M |
| Free cash flow | $52.0M | $96.2M |
| Market value | $3.5B | — |
| P/E | 8.6× | — |
| Analysts’ mean target | $47.10 | — |
Where the revenue comes from
Hilton Grand Vacations
- Sales of VOIs, net: $1.1B (57%)
- Resort and club management: $196M (10%)
- Rental and ancillary services: $194M (10%)
- Cost reimbursements: $153M (8%)
Target Hospitality
- HFS - South: $31.5M (37%)
- Other revenues: $30.8M (36%)
- WHS: $15.7M (18%)
- Government: $4.5M (5%)
Questions
Which is bigger, Hilton Grand Vacations or Target Hospitality?
Hilton Grand Vacations is the larger company: $2.0B of revenue in its latest quarter (Q3 2026) against $85.5M for Target Hospitality (Q2 2026).
Is Hilton Grand Vacations or Target Hospitality growing faster?
Hilton Grand Vacations is growing faster (+51% against +39% a year earlier).
Which is more profitable, Hilton Grand Vacations or Target Hospitality?
Hilton Grand Vacations is more profitable, with an operating margin of 25.1% against -8.8%.
More: Hilton Grand Vacations earnings · how Hilton Grand Vacations makes money · Target Hospitality earnings · how Target Hospitality makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.