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Marriott Vacations Worldwide

VAC NYSE Hotels, Resorts & Cruise Lines Financials FY2016–FY2025

Marriott Vacations Worldwide's revenue rose 1.3% to $5.0 billion in fiscal 2025. Its net margin was −6.1%, down from 4.4% a year earlier. Free cash flow was −$29 million, against $148 million a year earlier. It paid out $171 million in dividends and buybacks. The diluted share count fell 17.1%.

Last close · Oct 23, 2026

$109.31

3.2%
Value it Compare
Revenue Total sales reported in the income statement.
$5.0B
1.3% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
−$308M
241.3%
Free cash flow Cash from operations minus capital spending.
−$29.0M
119.6%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap Last close times the latest diluted share count, so it is approximate.
$4.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
—

What Marriott Vacations Worldwide does

No business description yet.

Legal name
Marriott Vacations Worldwide Corp
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001524358-26-000010
0001524358

Revenue and margins

Marriott Vacations Worldwide had $5.0B of revenue in fiscal 2025, up 1.3% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was −$29.0M in fiscal 2025, −0.6% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Marriott Vacations Worldwide returned $171M to shareholders in fiscal 2025. The diluted share count fell 17.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Marriott Vacations Worldwide yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of — and divides by 34.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Marriott Vacations Worldwide can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $342M$524M$248M$197M$406M
Interest coverage 1.7x4.9x3.0x2.2x−0.3x
Total assets $9.6B$9.6B$9.7B$9.8B$9.8B
Total liabilities $6.6B$7.1B$7.3B$7.4B$7.8B
Shareholders' equity $3.0B$2.5B$2.4B$2.4B$2.0B
Net debt (− = net cash) —————

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$6.7M

9 insiders

Sold, 12 months

$83.9M

2 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 19, 2026 Impactive Capital LLCDirector, 10% owner Sold 750,000 $111.49 $83.6M Form 4
Aug 17, 2026 Kathleen A. PighiniSee Remarks Sold 2,500 $120.00 $0.3M Form 4
Mar 10, 2026 Michael FlaskeySee Remarks Bought 14,862 $67.26 $1.0M Form 4
Jan 7, 2026 John D. FitzgeraldSee Remarks Bought 65 $61.15 $0.0M Form 4
Jan 6, 2026 John D. FitzgeraldSee Remarks Bought 44 $61.06 $0.0M Form 4
Nov 25, 2025 Jonice M GrayDirector Bought 1,100 $54.47 $0.1M Form 4
Nov 21, 2025 Dianna MorganDirector Bought 500 $51.22 $0.0M Form 4
Nov 20, 2025 William W McCartenDirector Bought 5,000 $48.08 $0.2M Form 4
Nov 19, 2025 Impactive Capital LPDirector, 10% owner Bought 84,000 $47.44 $4.0M Form 4
Nov 18, 2025 Lizanne GalbreathDirector Bought 5,500 $46.51 $0.3M Form 4
Nov 14, 2025 Matthew E AvrilSee Remarks, Director Bought 5,000 $45.61 $0.2M Form 4
Nov 14, 2025 William Joseph ShawDirector Bought 20,000 $46.04 $0.9M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✕
Cash from operations exceeds net income ✕ ✕ ✓
Debt fell relative to assets — — —
Current ratio rose — — —
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✕
F-score — / 9— / 9— / 9
Accruals ratio 0.2%0.1%−3.4%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Marriott Vacations Worldwide VAC $4.2B 1.3% — −0.6% — — —
Hilton Grand Vacations HGV $2.9B 1.3% — 4.6% 4.6% 20.5x — Compare →
IHG Hotels & Resorts IHG $25.3B 5.4% 23.1% 16.8% — — 8 Compare →
Travel + Leisure TNL $4.1B 4.1% 13.8% 13.0% 8.5% 17.5x — Compare →
Hyatt H $16.7B 6.8% — 2.2% 3.0% — 4 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $2.0B $2.2B $3.0B $4.3B $2.9B $3.9B $4.7B $4.7B $5.0B $5.0B
Interest expense $23.0M $22.0M $55.0M $167M $176M $184M $149M $204M $247M $237M
Pretax income $198M $240M $103M $225M −$340M $127M $582M $398M $306M −$299M
Income tax $76.0M $5.0M $51.0M $83.0M −$84.0M $74.0M $191M $146M $89.0M $8.0M
Net income $122M $235M $55.0M $138M −$275M $49.0M $391M $254M $218M −$308M
Diluted EPS $4.29 $8.49 $1.61 $3.09 −$6.65 $1.13 $8.77 $6.28 $5.61 −$8.84
Diluted shares 0.03B 0.03B 0.03B 0.04B 0.04B 0.04B 0.05B 0.04B 0.04B 0.03B
Cash flow
Cash from operations $141M $142M $97.0M $382M $299M $343M $522M $232M $205M $28.0M
Capital expenditure $35.0M $26.0M $40.0M $46.0M $41.0M $47.0M $65.0M $118M $57.0M $57.0M
Free cash flow $106M $116M $57.0M $336M $258M $296M $457M $114M $148M −$29.0M
Depreciation and amortization $21.0M $21.0M $62.0M $141M $123M $146M $132M $135M $146M $149M
Stock-based compensation $14.0M $16.0M $29.0M $33.0M $36.0M $51.0M $39.0M $31.0M $33.0M $38.0M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $178M $88.0M $96.0M $465M $82.0M $78.0M $701M $286M $56.0M $61.0M
Dividends paid $34.0M $38.0M $51.0M $81.0M $45.0M $23.0M $99.0M $106M $107M $110M
Dividends and buybacks $212M $126M $147M $546M $127M $101M $800M $392M $163M $171M
Balance sheet
Cash and short-term investments $147M $409M $231M $287M $524M $342M $524M $248M $197M $406M
Finance lease liabilities $0.0M $0.0M $0.0M $14.0M $8.0M $83.0M $86.0M $189M $199M $198M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $203M $583M $951M $751M $791M $1.1B $1.1B $1.3B $1.2B $950M
Total assets $2.4B $2.8B $9.0B $9.2B $8.9B $9.6B $9.6B $9.7B $9.8B $9.8B
Total liabilities $1.5B $1.8B $5.6B $6.2B $6.2B $6.6B $7.1B $7.3B $7.4B $7.8B
Shareholders' equity $908M $1.0B $3.5B $3.0B $2.7B $3.0B $2.5B $2.4B $2.4B $2.0B
Margins
EBITDA margin 12.1% 13.0% 7.4% 12.5% −1.4% 11.8% 18.5% 15.6% 14.1% 1.7%
Net margin 6.1% 10.8% 1.9% 3.2% −9.5% 1.3% 8.4% 5.4% 4.4% −6.1%
FCF margin 5.3% 5.3% 1.9% 7.9% 8.9% 7.6% 9.8% 2.4% 3.0% −0.6%
Returns
Return on equity 13.0% 24.1% 2.4% 4.3% −9.7% 1.7% 14.3% 10.4% 9.0% −13.9%
Return on assets 5.1% 9.0% 0.9% 1.5% −3.0% 0.5% 4.1% 2.6% 2.2% −3.2%
Growth
Revenue growth 10.5% 9.2% 36.0% 43.5% −32.2% 34.8% 19.7% 1.5% 5.1% 1.3%
Net income growth −0.7% 92.6% −76.6% 150.9% −299.3% — 698.0% −35.0% −14.2% −241.3%
EPS growth 12.3% 97.9% −81.0% 91.9% −315.2% — 676.1% −28.4% −10.7% −257.6%
FCF growth 28.2% 9.4% −50.9% 489.5% −23.2% 14.7% 54.4% −75.1% 29.8% −119.6%
Share count change −11.7% −2.5% 22.7% 30.9% −7.2% 4.8% 4.4% −3.8% −3.2% −17.1%
Financial health
Interest coverage 9.6x 11.9x 2.9x 2.4x −0.9x 1.7x 4.9x 3.0x 2.2x −0.3x
Capital allocation
Capex / revenue 1.8% 1.2% 1.4% 1.1% 1.4% 1.2% 1.4% 2.5% 1.2% 1.1%
Stock comp / revenue 0.7% 0.7% 1.0% 0.8% 1.3% 1.3% 0.8% 0.7% 0.7% 0.8%
Payouts / FCF 200.0% 108.6% 257.9% 162.5% 49.2% 34.1% 175.1% 343.9% 110.1% —
Quality scores
Accruals ratio −0.8% 3.6% −0.7% −2.7% −6.3% −3.2% −1.4% 0.2% 0.1% −3.4%

Source: SEC EDGAR XBRL filings (CIK 0001524358). Data updated October 20, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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