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Hilton Grand Vacations vs ModuLink: revenue, profit, margins and growth compared

Hilton Grand Vacations brought in $5B of revenue in fiscal 2025, ModuLink $1.3M in fiscal 2025. Revenue changed by +1.3% at Hilton Grand Vacations and +216.3% at ModuLink on the year before, so ModuLink grew faster. Hilton Grand Vacations kept 1.6% of its revenue as net profit, ModuLink -98.1%. Free cash flow was $230M at Hilton Grand Vacations and -$1.3M at ModuLink.

Side by side, latest fiscal year

HGVMDLK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$5B$1.3M
Revenue growth+1.3%+216.3%
Net income$81M-$1.3M
Net margin1.6%-98.1%
Free cash flow$230M-$1.3M
Free cash flow margin4.6%-98.4%
Earnings per share (diluted)$0.89-$0.00
Cash$239M$152.8K
Debt$4.5Bn/a
Price to earnings40.4n/a
Market value$2.8B$1.2M
Dividend yieldn/an/a
Rank by revenue in sector#214 of 1065 · Consumer discretionary#1012 of 1065 · Consumer discretionary

Over the years

Revenue
HGV FY2017: $2BHGV FY2019: $1.8BHGV FY2020: $894MHGV FY2021: $2.3BHGV FY2022: $3.8BHGV FY2023: $4BHGV FY2024: $5BHGV FY2025: $5BMDLK FY2014: $30KMDLK FY2016: $98.9KMDLK FY2016: $60.5KMDLK FY2025: $409.3KMDLK FY2025: $1.3MFY14FY16FY17FY19FY20FY21FY22FY23FY24FY25
HGV $5BMDLK $1.3M
Net income
HGV FY2017: $298.1MHGV FY2019: $215.7MHGV FY2020: -$201MHGV FY2021: $176MHGV FY2022: $352MHGV FY2023: $313MHGV FY2024: $47MHGV FY2025: $81MMDLK FY2014: -$177.3KMDLK FY2016: -$72KMDLK FY2016: -$122.3KMDLK FY2025: -$283.4KMDLK FY2025: -$1.3MFY14FY16FY17FY19FY20FY21FY22FY23FY24FY25
HGV $81MMDLK -$1.3M
Net margin
HGV FY2017: 14.9%HGV FY2019: 11.7%HGV FY2020: -22.5%HGV FY2021: 7.5%HGV FY2022: 9.2%HGV FY2023: 7.9%HGV FY2024: 0.9%HGV FY2025: 1.6%MDLK FY2014: -590.8%MDLK FY2016: -72.8%MDLK FY2016: -202.1%MDLK FY2025: -69.2%MDLK FY2025: -98.1%FY14FY16FY17FY19FY20FY21FY22FY23FY24FY25
HGV 1.6%MDLK -98.1%
Revenue growth
HGV FY2019: -8.1%HGV FY2020: -51.4%HGV FY2021: +161.2%HGV FY2022: +64.2%HGV FY2023: +3.7%HGV FY2024: +25.2%HGV FY2025: +1.3%MDLK FY2016: +229.8%MDLK FY2016: -38.8%MDLK FY2025: +216.3%FY16FY19FY20FY21FY22FY23FY24FY25
HGV +1.3%MDLK +216.3%
Free cash flow
HGV FY2017: -$208MHGV FY2019: $106MHGV FY2020: $71MHGV FY2021: $150MHGV FY2022: $689MHGV FY2023: $281MHGV FY2024: $267MHGV FY2025: $230MMDLK FY2025: -$370.8KMDLK FY2025: -$1.3MFY17FY19FY20FY21FY22FY23FY24FY25
HGV $230MMDLK -$1.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Hilton Grand Vacations and ModuLink

Which is bigger by revenue, Hilton Grand Vacations or ModuLink?

Hilton Grand Vacations is bigger by revenue: $5B in fiscal 2025, against $1.3M for ModuLink in fiscal 2025.

Which keeps more of its revenue as profit, Hilton Grand Vacations or ModuLink?

Hilton Grand Vacations had a net margin of 1.6% in fiscal 2025; ModuLink had -98.1% in fiscal 2025.

Which grew revenue faster, Hilton Grand Vacations or ModuLink?

In their latest fiscal years revenue changed by +1.3% at Hilton Grand Vacations and +216.3% at ModuLink.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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