Loading…
Marriott Vacations Worldwide Corporation, a vacation company, engages in vacation ownership, exchange, rental, and resort and property management, along with related businesses, products and services in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Third-Party Management. It 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, Hyatt Vacation Club, and Ritz-Carlton Club brands; and holds non-exclusive right to develop, market, and sell whole ownership residential products under the Ritz-Carlton Residences brand name, as well as has a license to use the St. Regis brand for specified fractional ownership products. The company also offers exchange network and membership programs, as well as management services to other resorts and lodging properties through its Interval International and Aqua-Aston businesses. In addition, it provides financing for consumer purchases of vacation ownership products; and renting vacation ownership inventory. The company sells its upper upscale tier vacation ownership products under its brands primarily through a network of resort-based sales centers and certain off-site sales locations. Marriott Vacations Worldwide Corporation was founded in 1984 and is headquartered in Orlando, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $5.0B | $19M | $-308M | $-29M | -15.5% | 1.3% | -241.3% |
| 2024 | $5.0B | $614M | $218M | $148M | 8.9% | 5.1% | -14.2% |
| 2023 | $4.7B | $678M | $254M | $114M | 10.7% | 1.5% | -35.0% |
| 2022 | $4.7B | $832M | $391M | $457M | 15.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 4,656 | 4,727 | 4,967 | 5,032 |
| Cost Of Revenue | 2,671 | 2,909 | 3,112 | 3,144 |
| Gross Profit | 1,985 | 1,818 | 1,855 | 1,888 |
| Operating Expense | 1,188 | 1,231 | 1,306 | 1,456 |
| Operating Income | 797 | 587 | 549 | 432 |
| EBITDA | 832 | 678 | 614 | 19 |
| EBIT | 700 | 543 | 468 | -130 |
| Pretax Income | 582 | 398 | 306 | -299 |
| Tax Provision | 191 | 146 | 89 | 8 |
| Net Income | 391 | 254 | 218 | -308 |
| Net Income Common Stockholders | 391 | 254 | 218 | -308 |
| Total Expenses | 3,859 | 4,140 | 4,418 | 4,600 |
| Interest Expense | 118 | 145 | 162 | 169 |
| Selling General And Administration | 1,056 | 1,096 | 1,156 | 1,185 |
| Normalized EBITDA | 970 | 762 | 691 | 628 |
| Normalized Income | 483.60 | 307.19 | 272.67 | 173.11 |
| Market Cap | 2,487.24 | 2,487.24 | 2,487.24 | 2,487.24 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Marriott Vacations Worldwide Corporationthis co. | VAC | - | -8.08 | 1.25 | -15.5% | 408.49 |
| The Buckle, Inc. | BKE | $2.8B | 13.79 | 6.81 | 49.4% | 10.55 |
| Steven Madden, Ltd. | SHOO | $2.7B | 63.10 | 3.25 | 5.2% | 25.85 |
| OneSpaWorld Holdings Limited | OSW | $2.5B | 34.20 | 4.51 | 13.2% | 23.59 |
| Versigent PLC | VGNT |
| $2.5B |
| 5.04 |
| 1.50 |
| 29.8% |
| 2.76 |
| Sonic Automotive, Inc. | SAH | $2.4B | 20.32 | 2.26 | 11.1% | 12.63 |
| Mister Car Wash, Inc. | MCW | $2.3B | 22.53 | 2.05 | 9.1% | 14.11 |
| HNI Corporation | HNI | $1.8B | 50.08 | 1.48 | 3.0% | 17.55 |
| CarGurus, Inc. | CARG | $1.6B | 21.76 | 9.07 | 41.7% | 12.42 |
| Peer Median | - | 22.15 | 2.76 | 12.2% | 13.37 | |