Travel + Leisure vs Marriott Vacations Worldwide
Add, change or remove companies; up to four.
KIRAβs take AI analyst
I put Travel + Leisure and Marriott Vacations Worldwide side by side, using each oneβs latest annual report. Here is what stands out:
- Marriott Vacations Worldwide is the larger business, with $5.0B of revenue in fiscal 2025 against $4.0B for Travel + Leisure.
- Travel + Leisure grew revenue faster (4.1%, against 1.3%).
- Travel + Leisure turned more of its sales into free cash flow (13.0% FCF margin, against β0.6%).
Who comes out ahead
Of the 5 measures where higher (or lower) is clearly better, how many each company leads.
Travel + Leisure
TNL
4/5
Revenue growth5-year growthNet marginFCF margin
Marriott Vacations Worldwide
VAC
1/5
Share count change
Side by side
Best in the row
| Latest fiscal year | TNL FY25 | VAC FY25 |
|---|---|---|
| Size | ||
| Market cap | $4.2B | $4.2B |
| Revenue | $4.0B | $5.0B |
| Free cash flow | $523M | β$29.0M |
| Net income | $230M | β$308M |
| Growth | ||
| Revenue growth | 4.1% | 1.3% |
| 5-year growth | 13.2% | 11.8% |
| Share count change | β5.4% | β17.1% |
| Profitability | ||
| Gross margin | β | β |
| Operating margin | 13.8% | β |
| Net margin | 5.7% | β6.1% |
| FCF margin | 13.0% | β0.6% |
| Return on capital | 8.5% | β |
| Return on equity | β | β13.9% |
| Balance sheet | ||
| Net debt | $5.3B | β |
| Net debt / EBITDA | 7.9x | β |
| Dividends and buybacks | $450M | $171M |
| Valuation & quality | ||
| P/E | 17.7x | β |
| Piotroski F-score | β | β |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.