MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VAC SEC filings page.
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) reported $5.2B in revenue over the twelve months to Jun 30, 2026, up 1.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Revenue barely grew, but profitability and cash generation collapsed, leaving a more leveraged balance sheet to support ongoing distributions.
The 2025 earnings shock was not a sales problem: revenue rose1.3% while net income swung to a net loss of$308M . With capital spending unchanged from FY2024, free cash flow was-$29M despite operating cash flow remaining only$28M , so deterioration came from operations rather than unusually heavy reinvestment.
Liabilities reached
Financing cash flow was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of MARRIOTT VACATIONS WORLDWIDE CORPORATION's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
MARRIOTT VACATIONS WORLDWIDE CORPORATION's revenue grew a modest 1.3% year-over-year to $5.0B. This slow but positive growth earns a score of 42/100.
Not available for MARRIOTT VACATIONS WORLDWIDE CORPORATION, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
While MARRIOTT VACATIONS WORLDWIDE CORPORATION generated $28.0M in operating cash flow, capex of $57.0M consumed most of it, leaving -$29.0M in free cash flow. This results in a low score of 30/100, reflecting heavy capital investment rather than weak cash generation.
Not available for MARRIOTT VACATIONS WORLDWIDE CORPORATION, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
MARRIOTT VACATIONS WORLDWIDE CORPORATION passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
MARRIOTT VACATIONS WORLDWIDE CORPORATION reported a net loss of $308.0M while generating $28.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
MARRIOTT VACATIONS WORLDWIDE CORPORATION generated $1.3B in revenue in Q2 2026. This represents an increase of 5.9% from the same quarter a year earlier. Against the prior quarter it is up 5.0%.
MARRIOTT VACATIONS WORLDWIDE CORPORATION reported $77.0M in net income in Q2 2026. This represents an increase of 11.6% from the same quarter a year earlier. Against the prior quarter it is up 250.0%.
MARRIOTT VACATIONS WORLDWIDE CORPORATION earned $2.12 per diluted share (EPS) in Q2 2026. This represents an increase of 19.8% from the same quarter a year earlier. Against the prior quarter it is up 231.3%.
Not reported for Q2 2026.
Cash & Balance Sheet
MARRIOTT VACATIONS WORLDWIDE CORPORATION generated $66.0M in free cash flow in Q2 2026, representing cash available after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
MARRIOTT VACATIONS WORLDWIDE CORPORATION held $211.0M in cash as of Q2 2026; no long-term debt figure is on record for that period.
MARRIOTT VACATIONS WORLDWIDE CORPORATION paid $0.80 per share in dividends in Q2 2026. This represents an increase of 1.3% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
MARRIOTT VACATIONS WORLDWIDE CORPORATION's net profit margin was 5.8% in Q2 2026, showing the share of revenue converted to profit. This is up 0.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.1 percentage points.
MARRIOTT VACATIONS WORLDWIDE CORPORATION's quarterly ROE was 3.7% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.6 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
MARRIOTT VACATIONS WORLDWIDE CORPORATION repurchased no shares in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
MARRIOTT VACATIONS WORLDWIDE CORPORATION invested $14.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 30.0% from the same quarter a year earlier. Against the prior quarter it is up 75.0%.
Not reported for Q2 2026.
VAC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B+5.9% | $1.3B+4.8% | $1.3B-0.3% | $1.3B-3.2% | $1.2B+9.3% | $1.2B+0.4% | $1.3B+11.1% | $1.3B+10.0% |
| SG&A Expenses | $343.0M+15.1% | $306.0M+3.7% | $305.0M+1.3% | $287.0M-0.7% | $298.0M+6.4% | $295.0M+3.1% | $301.0M+4.2% | $289.0M+11.6% |
| Interest Expense | $43.0M+2.4% | $44.0M+10.0% | $44.0M+12.8% | $43.0M+7.5% | $42.0M-2.3% | $40.0M0.0% | $39.0M0.0% | $40.0M+11.1% |
| Income Tax | $37.0M+48.0% | $23.0M-48.9% | -$65.0M-750.0% | $3.0M-91.2% | $25.0M+150.0% | $45.0M+28.6% | $10.0M-67.7% | $34.0M+41.7% |
| Net Income | $77.0M+11.6% | $22.0M-60.7% | -$431.0M-962.0% | -$2.0M-102.4% | $69.0M+86.5% | $56.0M+19.1% | $50.0M+42.9% | $84.0M+100.0% |
| EPS (Basic) | $2.21+11.6% | $0.64-60.0% | -$12.36-970.4% | -$0.07-102.9% | $1.98+90.4% | $1.60+21.2% | $1.42+42.0% | $2.38+105.2% |
| EPS (Diluted) | $2.12+19.8% | $0.64-56.2% | -$12.11-1031.5% | -$0.07-103.3% | $1.77+80.6% | $1.46+19.7% | $1.30+36.8% | $2.12+94.5% |
| Diluted Shares (Avg) | 38M-8.4% | 35M-17.1% | N/A | 35M-17.1% | 42M-1.2% | 42M-0.5% | N/A | 42M-2.8% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
VAC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.5B-4.1% | $9.6B-2.5% | $9.8B-0.5% | $10.1B+4.2% | $9.9B+2.9% | $9.9B+0.2% | $9.8B+1.3% | $9.7B+3.0% |
| Cash & Equivalents | $211.0M+2.9% | $268.0M+36.7% | $406.0M+106.1% | $474.0M+140.6% | $205.0M-0.5% | $196.0M-17.3% | $197.0M-20.6% | $197.0M-25.7% |
| Goodwill | $3.0B-5.1% | $3.0B-5.1% | $3.0B-5.1% | $3.1B0.0% | $3.1B0.0% | $3.1B0.0% | $3.1B0.0% | $3.1B0.0% |
| Total Liabilities | $7.4B+0.3% | $7.6B+2.6% | $7.8B+5.4% | $7.7B+5.0% | $7.4B+2.3% | $7.4B-0.6% | $7.4B+0.9% | $7.3B+3.9% |
| Total Equity | $2.1B-17.2% | $2.0B-18.2% | $2.0B-18.4% | $2.5B+1.9% | $2.5B+4.7% | $2.4B+2.4% | $2.4B+2.5% | $2.4B+0.5% |
| Retained Earnings | $478.0M-48.2% | $429.0M-51.3% | $434.0M-49.1% | $893.0M+7.6% | $922.0M+19.3% | $881.0M+15.5% | $852.0M+14.8% | $830.0M+13.1% |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
VAC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $80.0Mn/m | -$4.0M-150.0% | $6.0M-94.0% | $62.0M-13.9% | -$48.0M-260.0% | $8.0M+166.7% | $100.0M+20.5% | $72.0M-41.0% |
| Depreciation & Amortization | $32.0M-15.8% | $34.0M-10.5% | $35.0M-5.4% | $38.0M+5.6% | $38.0M+8.6% | $38.0M0.0% | $37.0M+2.8% | $36.0M+9.1% |
| Stock-Based Compensation | $12.0M0.0% | $10.0M+42.9% | N/A | $9.0M+12.5% | $12.0M+33.3% | $7.0M0.0% | N/A | $8.0M+33.3% |
| Capital Expenditures | $14.0M-30.0% | $8.0M-42.9% | $12.0M-14.3% | $11.0M-21.4% | $20.0M+53.8% | $14.0M-12.5% | $14.0M-46.2% | $14.0M-51.7% |
| Free Cash Flow | $66.0Mn/m | -$12.0Mn/m | -$6.0M-107.0% | $51.0M-12.1% | -$68.0M-500.0% | -$6.0Mn/m | $86.0M+50.9% | $58.0M-37.6% |
| Investing Cash Flow | -$14.0Mn/m | $42.0Mn/m | -$13.0Mn/m | -$14.0Mn/m | -$25.0Mn/m | -$18.0Mn/m | -$9.0Mn/m | -$18.0Mn/m |
| Financing Cash Flow | -$149.0M-392.2% | -$174.0Mn/m | $5.0Mn/m | $217.0M+557.6% | $51.0Mn/m | -$32.0M-174.4% | -$106.0M-915.4% | $33.0Mn/m |
| Dividends Paid | $27.0M-3.6% | $55.0M0.0% | $0-100.0% | $27.0Mn/m | $28.0M+3.7% | $55.0M+1.9% | $26.0M0.0% | $0-100.0% |
| Share Buybacks | $0n/m | $0-100.0% | $25.0M+127.3% | $0-100.0% | $0-100.0% | $36.0M+50.0% | $11.0M-71.1% | $9.0M-89.5% |
VAC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 5.8%+0.3pp | 1.8%-2.9pp | -32.6%-36.4pp | -0.2%-6.6pp | 5.5%+2.3pp | 4.7%+0.7pp | 3.8%+0.8pp | 6.4%+2.9pp |
| Return on Equity | 3.7%+1.0pp | 1.1%-1.2pp | -21.6%-23.7pp | -0.1%-3.6pp | 2.8%+1.2pp | 2.3%+0.3pp | 2.1%+0.6pp | 3.5%+1.7pp |
| Return on Assets | 0.8%+0.1pp | 0.2%-0.3pp | -4.4%-4.9pp | 0.0%-0.9pp | 0.7%+0.3pp | 0.6%+0.1pp | 0.5%+0.2pp | 0.9%+0.4pp |
| Liabilities-to-Equity | 3.61+0.6x | 3.84+0.8x | 3.90+0.9x | 3.12+0.1x | 2.98-0.1x | 3.06-0.1x | 3.020.0x | 3.03+0.1x |
| Asset Turnover | 0.140.0x | 0.130.0x | 0.140.0x | 0.120.0x | 0.130.0x | 0.120.0x | 0.140.0x | 0.130.0x |
| FCF Margin | 5.0%+10.5pp | -0.9%-0.4pp | -0.4%-6.9pp | 4.0%-0.4pp | -5.5%-7.0pp | -0.5%+0.6pp | 6.5%+1.7pp | 4.4%-3.4pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, Debt-to-Equity.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| MARRIOTT VACATIONS WORLDWIDE CORPORATION VAC | FY2025 | $5.0B | -$308.0M | -6.1% | $3.8B | 33/100 |
| PENN Entertainment, Inc. PENN | FY2025 | $7.0B | -$843.1M | -12.1% | $2.0B | 27/100 |
| Hilton Grand Vacations Inc. HGV | FY2025 | $5.0B | $81.0M | 1.6% | $2.8B | 51/100 |
| Melco Resorts & Entertainment Limited MLCO | FY2025 | $5.2B | $185.0M | 3.6% | $1.5B | 46/100 |
| Vail Resorts, Inc. MTN | FY2026 | $2.8B | $147.5M | 5.2% | $5.3B | 46/100 |
| Red Rock Resorts, Inc. RRR | FY2025 | $2.0B | $188.1M | 9.3% | $5.2B | 54/100 |
Where MARRIOTT VACATIONS WORLDWIDE CORPORATION Ranks
Frequently Asked Questions
What is MARRIOTT VACATIONS WORLDWIDE CORPORATION's annual revenue?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) reported $5.0B in total revenue for fiscal year 2025. This represents a 1.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is MARRIOTT VACATIONS WORLDWIDE CORPORATION's revenue growing?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) revenue grew by 1.3% year-over-year, from $5.0B to $5.0B in fiscal year 2025.
Is MARRIOTT VACATIONS WORLDWIDE CORPORATION profitable?
No, MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) reported a net loss of $334.0M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $308.0M, with a net profit margin of -6.1%.
What is MARRIOTT VACATIONS WORLDWIDE CORPORATION's net profit margin?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) had a net profit margin of -6.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does MARRIOTT VACATIONS WORLDWIDE CORPORATION pay dividends?
Yes, MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) paid $3.17 per share in dividends during fiscal year 2025.
What is MARRIOTT VACATIONS WORLDWIDE CORPORATION's return on equity (ROE)?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) has a return on equity of -15.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is MARRIOTT VACATIONS WORLDWIDE CORPORATION's free cash flow?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) recorded an outflow of $29.0M in free cash flow during fiscal year 2025. This represents a -119.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is MARRIOTT VACATIONS WORLDWIDE CORPORATION's operating cash flow?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) generated $28.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are MARRIOTT VACATIONS WORLDWIDE CORPORATION's total assets?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) had $9.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are MARRIOTT VACATIONS WORLDWIDE CORPORATION's capital expenditures?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) invested $57.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is MARRIOTT VACATIONS WORLDWIDE CORPORATION's liabilities-to-equity ratio?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) had a liabilities-to-equity ratio of 3.90 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is MARRIOTT VACATIONS WORLDWIDE CORPORATION's return on assets (ROA)?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) had a return on assets of -3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is MARRIOTT VACATIONS WORLDWIDE CORPORATION's P/E ratio?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $3.8B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MARRIOTT VACATIONS WORLDWIDE CORPORATION's price-to-sales ratio?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) trades at 0.7x sales, its market capitalization divided by $5.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $3.8B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is MARRIOTT VACATIONS WORLDWIDE CORPORATION's Piotroski F-Score?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are MARRIOTT VACATIONS WORLDWIDE CORPORATION's earnings high quality?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) reported a net loss of $308.0M while generating $28.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is MARRIOTT VACATIONS WORLDWIDE CORPORATION?
MARRIOTT VACATIONS WORLDWIDE CORPORATION (VAC) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. For MARRIOTT VACATIONS WORLDWIDE CORPORATION it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.