VAC · Marriott Vacations Worldwide Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $5.03B | $4.97B | $4.73B | $4.66B | $3.89B | $2.89B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $242.00M | $243.00M | $273.00M | $249.00M | $227.00M | $154.00M |
| Total Operating Expenses | $5.21B | $4.48B | $4.19B | $3.87B | $3.44B | $2.98B |
| D&A | $149.00M | $146.00M | $135.00M | $132.00M | $146.00M | $123.00M |
| Operating Income | ($299.00M) | $306.00M | $398.00M | $582.00M | $127.00M | ($340.00M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $8.00M | $89.00M | $146.00M | $191.00M | $74.00M | ($84.00M) |
| Net Income | ($308.00M) | $218.00M | $254.00M | $391.00M | $49.00M | ($275.00M) |
| EPS - Basic | ($8.84) | $6.16 | $6.96 | $9.69 | $1.15 | ($6.65) |
| EPS - Diluted | ($8.84) | $5.61 | $6.28 | $8.77 | $1.13 | ($6.65) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $406.00M | $197.00M | $248.00M | $524.00M | $342.00M | $524.00M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $9.76B | $9.81B | $9.68B | $9.64B | $9.61B | $8.90B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $7.76B | $7.37B | $7.30B | $7.14B | $6.63B | $6.22B |
| Stockholders' Equity | $1.99B | $2.44B | $2.38B | $2.50B | $2.98B | $2.65B |
| Retained Earnings | $434.00M | $852.00M | $742.00M | $593.00M | $275.00M | $272.00M |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $28.00M | $205.00M | $232.00M | $522.00M | $343.00M | $299.00M |
| Investing Cash Flow | ($70.00M) | ($115.00M) | ($112.00M) | $16.00M | ($213.00M) | ($32.00M) |
| Financing Cash Flow | $241.00M | ($132.00M) | ($401.00M) | ($486.00M) | ($317.00M) | $23.00M |
| CapEx | $57.00M | $57.00M | $118.00M | $65.00M | $47.00M | $41.00M |
| Free Cash Flow | ($29.00M) | $148.00M | $114.00M | $457.00M | $296.00M | $258.00M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | -5.9% | 6.2% | 8.4% | 12.5% | 3.3% | -11.8% |
| EBITDA margin | -3.0% | 9.1% | 11.3% | 15.3% | 7.0% | -7.5% |
| Net margin | -6.1% | 4.4% | 5.4% | 8.4% | 1.3% | -9.5% |
| Free cash flow margin | -0.6% | 3.0% | 2.4% | 9.8% | 7.6% | 8.9% |
| FCF / Net income | 0.09 | 0.68 | 0.45 | 1.17 | 6.04 | -0.94 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 4.8% | 4.9% | 5.8% | 5.3% | 5.8% | 5.3% |
| Effective tax rate | - | 29.0% | 36.5% | 32.8% | 60.2% | - |
| Return on assets | -3.2% | 2.2% | 2.6% | 4.1% | 0.5% | -3.1% |
| Return on equity | -15.5% | 8.9% | 10.7% | 15.7% | 1.6% | -10.4% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 4.90 | 4.02 | 4.06 | 3.86 | 3.23 | 3.36 |
| Liabilities / Assets | 0.80 | 0.75 | 0.75 | 0.74 | 0.69 | 0.70 |
| Efficiency | ||||||
| Asset turnover | 0.52 | 0.51 | 0.49 | 0.48 | 0.40 | 0.32 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 16.0x | 13.5x | 15.3x | 149.5x | - |
| P / B | 1.0x | 1.5x | 1.6x | 2.4x | 2.5x | 2.1x |
| P / S | 0.4x | 0.8x | 0.8x | 1.3x | 1.9x | 2.0x |
| EV / EBITDA | - | 7.9x | 6.5x | 7.8x | 25.5x | - |
| Growth | ||||||
| Revenue growth (YoY) | 1.3% | 5.1% | 1.5% | 19.7% | 34.8% | -33.7% |
| Revenue CAGR (3y) | 2.6% | 8.5% | 17.9% | 2.3% | 9.4% | 12.1% |
| Revenue CAGR (5y) | 11.8% | 2.7% | 9.8% | 17.9% | 16.5% | 9.5% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | -23.1% | -31.6% | 358.3% | - | - |
| Net income growth (YoY) | - | -14.2% | -35.0% | 698.0% | - | - |
| EPS growth (YoY) | - | -10.7% | -28.4% | 676.1% | - | - |
| EPS CAGR (3y) | - | 70.6% | - | 41.6% | -11.1% | - |
| EPS CAGR (5y) | - | 12.7% | 31.3% | 1.4% | -25.2% | - |
| FCF growth (YoY) | - | 29.8% | -75.1% | 54.4% | 14.7% | -23.2% |
| FCF CAGR (5y) | - | -15.1% | 14.9% | 31.6% | 22.9% | 15.6% |
| Book value growth (YoY) | -18.4% | 2.5% | -4.6% | -16.1% | 12.3% | -12.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$4.66B totalVacation Ownership$4.45B · 95.4%
Exchangeand Third Party Management$213.00M · 4.6%
Product / service
$5.30B totalCost Reimbursement$1.70B · 32.0%
Time Share$1.46B · 27.6%
Management And Exchange$860.00M · 16.2%
Rental$650.00M · 12.3%
Ancillary Revenues$273.00M · 5.1%
Management Service$221.00M · 4.2%
Service Other$139.00M · 2.6%
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Real Estate Agents & Managers (For Others)
Comparing MARRIOTT VACATIONS WORLDWIDE Corp against the 5 most active filers in the same SIC group.
Dividends
$3.19/share trailing 12 months · +1.9% YoY
| Ex-date | Per share |
|---|---|
| May 27, 2026 | $0.8000 |
| Mar 4, 2026 | $0.8000 |
| Dec 24, 2025 | $0.8000 |
| Sep 17, 2025 | $0.7900 |
| May 23, 2025 | $0.7900 |
| Mar 5, 2025 | $0.7900 |
| Dec 19, 2024 | $0.7900 |
| Sep 19, 2024 | $0.7600 |
| May 22, 2024 | $0.7600 |
| Feb 28, 2024 | $0.7600 |
| Dec 20, 2023 | $0.7600 |
| Sep 20, 2023 | $0.7200 |
| May 24, 2023 | $0.7200 |
| Mar 1, 2023 | $0.7200 |
| Dec 21, 2022 | $0.7200 |
| Sep 21, 2022 | $0.6200 |
| May 25, 2022 | $0.6200 |
| Mar 2, 2022 | $0.6200 |
| Dec 22, 2021 | $0.5400 |
| Sep 22, 2021 | $0.5400 |
| Feb 26, 2020 | $0.5400 |
| Dec 20, 2019 | $0.5400 |
| Sep 18, 2019 | $0.4500 |
| May 22, 2019 | $0.4500 |