Marriott Vacations Worldwide CorpMarriott Vacations Worldwide Corp
Marriott Vacations Worldwide Corp

Marriott Vacations Worldwide Corp

VAC
Consumer Discretionary·Hotels, Restaurants & Leisure

Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. It operates through the Vacation Ownership and Exchange & Third-Party Management segments. The Vacation Ownership segment develops, markets, sells, finances, rents and manages vacation ownership and related products under the Marriott Vacation Club, Grand Residences by Marriott, Sheraton Vacation Club, Westin Vacation Club, The Ritz-Carlton Residences, St. Regis Residence Club and Hyatt Residence Club brands. The Exchange and Third-Party Management segment consists of the Interval International and Aqua-Aston businesses. Interval International offers exchange networks and membership programs and Aqua-Aston businesses provide property management and rental services to property owners at 24 resorts and lodging properties. The company was founded in 1984 and is headquartered in Orlando, FL.

Florida; U.S.A
Market cap
No dataNo data
Revenue
$5B+1.3% YoY
Net income
$-308M−241.3% YoY
Free cash flow
$-29M−119.6% YoY

Market

Listed stock
VACPriceNYSE
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Financial performance

Revenue
$5B+1.3% YoY
Operating income
$2.8B−13.6% YoY
Net income
$-308M−241.3% YoY
Free cash flow
$-29M−119.6% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $3.9B, 2022 $4.7B, 2023 $4.7B, 2024 $5B, 2025 $5B. Operating income: 2021 $2.7B, 2022 $3.2B, 2023 $3.1B, 2024 $3.2B, 2025 $2.8B. Net income: 2021 $49M, 2022 $391M, 2023 $254M, 2024 $218M, 2025 $-308M. Free cash flow: 2021 $296M, 2022 $457M, 2023 $114M, 2024 $148M, 2025 $-29M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
1.3%−377 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $2.7B, 2022-12-31 $3.2B, 2023-12-31 $3.1B, 2024-12-31 $3.2B, 2025-12-31 $2.8B. Net income: 2021-12-31 $49M, 2022-12-31 $391M, 2023-12-31 $254M, 2024-12-31 $218M, 2025-12-31 $-308M. Free cash flow: 2021-12-31 $296M, 2022-12-31 $457M, 2023-12-31 $114M, 2024-12-31 $148M, 2025-12-31 $-29M

Growth heatmap

2022202320242025CAGR
Revenue
+19.7%
+1.5%
+5.1%
+1.3%
+6.6%
Gross profit
+19.7%
-3.4%
+4.2%
+2.6%
+5.5%
Operating income
+20.3%
-4.7%
+4.5%
-13.6%
+0.9%
Free cash flow
+54.4%
-75.1%
+29.8%
-119.6%
No data

Earnings quality

Operating cash flow
$28M−86.3% YoY
Net income
$-308M−241.3% YoY
Free cash flow
$-29M−119.6% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 -9%, 2024-12-31 94%, 2023-12-31 91%, 2022-12-31 134%, 2021-12-31 700%. Free cash flow: 2025-12-31 9%, 2024-12-31 68%, 2023-12-31 45%, 2022-12-31 117%, 2021-12-31 604%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
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Price to sales
No data
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No data
EV / EBITDA
No data
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Free cash flow yield
No data
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