VAC (Marriott Vacations Worldwide Corporation) Stock Financials & Earnings | Market Cap Arena

VACMarriott Vacations Worldwide Corporation

Mkt Cap$2B

Consumer Cyclical·Gambling, Resorts & Casinos·🇺🇸 United States·NYSE

Revenue (TTM)$4.6B

Net Income (TTM)-$308M

EPS (TTM)-$9.19

Free Cash Flow (TTM)-$29M

Gross Margin33.9%

Op. Margin11.8%

Net Margin-6.7%

FCF Margin-0.6%

P/S Ratio (TTM)0.5x

P/E Ratio (TTM)—

YoY Rev Growth-7.8%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$804M	$471M	$193M
Q2 23	$823M	$481M	$211M
Q3 23	$1.2B	$399M	$0
Q4 23	$1.2B	$467M	$142M
Q1 24	$1.2B	$466M	$142M
Q2 24	$1.1B	$430M	$115M
Q3 24	$1.3B	$1.2B	$902M
Q4 24	$1.3B	$482M	$139M
Q1 25	$1.2B	$481M	$148M
Q2 25	$1.2B	$487M	$151M
Q3 25	$812M	$393M	$106M
Q4 25	$1.3B	$194M	$134M

Valuation

Quarter	P/S	P/E
Q1 23	0.6x	5.5x
Q2 23	0.6x	6.2x
Q3 23	0.6x	7.5x
Q4 23	0.6x	9.1x
Q1 24	0.5x	10.8x
Q2 24	0.5x	14.4x
Q3 24	0.5x	11.4x
Q4 24	0.5x	10.6x
Q1 25	0.5x	10.2x
Q2 25	0.5x	8.9x
Q3 25	0.5x	13.4x
Q4 25	0.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$50M	-$87M
Q2 23	$77M	$51M
Q3 23	$122M	$93M
Q4 23	$83M	$57M
Q1 24	$3M	-$13M
Q2 24	$30M	$17M
Q3 24	$72M	$58M
Q4 24	$100M	$86M
Q1 25	$8M	-$6M
Q2 25	-$48M	-$68M
Q3 25	$62M	$51M
Q4 25	$6M	-$6M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$37M
Q2 23	$26M
Q3 23	$29M
Q4 23	$26M
Q1 24	$16M
Q2 24	$13M
Q3 24	$14M
Q4 24	$14M
Q1 25	$14M
Q2 25	$20M
Q3 25	$11M
Q4 25	$12M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+9.2%	+9.3%
Q2 23	-2.0%	+2.2%
Q3 23	-5.3%	+17.5%
Q4 23	+43.5%	+76.2%
Q1 24	+48.6%	+72.3%
Q2 24	+38.5%	+67.5%
Q3 24	+10.0%	-66.0%
Q4 24	+11.1%	+12.9%
Q1 25	+0.4%	-0.1%
Q2 25	+9.3%	+6.8%
Q3 25	-37.8%	+75.2%
Q4 25	-0.3%	+0.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$7M	0.9%
Q2 23	$12M	1.5%
Q3 23	$6M	0.5%
Q4 23	$6M	0.5%
Q1 24	$7M	0.6%
Q2 24	$9M	0.8%
Q3 24	$8M	0.6%
Q4 24	$9M	0.7%
Q1 25	$7M	0.6%
Q2 25	$12M	1.0%
Q3 25	$9M	1.1%
Q4 25	$45M	3.4%

OpEx Breakdown

Quarter	G&A	S&M
Q1 23	$68M	$210M
Q2 23	$64M	$206M
Q3 23	$57M	$202M
Q4 23	$84M	$205M
Q1 24	$63M	$223M
Q2 24	$54M	$226M
Q3 24	$62M	$228M
Q4 24	$64M	$242M
Q1 25	$61M	$234M
Q2 25	$61M	$237M
Q3 25	$53M	$234M
Q4 25	$67M	$238M

Revenue by Geography

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$306M	$0	$306M
Q2 23	$242M	$0	$242M
Q3 23	$265M	$0	$265M
Q4 23	$248M	$0	$248M
Q1 24	$237M	$0	$237M
Q2 24	$206M	$0	$206M
Q3 24	$197M	$0	$197M
Q4 24	$197M	$0	$197M
Q1 25	$196M	$0	$196M
Q2 25	$205M	$0	$205M
Q3 25	$474M	$0	$474M
Q4 25	$733M	$0	$733M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	44M	+3.3%
Q2 23	44M	-1.4%
Q3 23	43M	-1.1%
Q4 23	43M	-1.8%
Q1 24	42M	-0.7%
Q2 24	42M	+0.0%
Q3 24	42M	-0.2%
Q4 24	42M	+0.0%
Q1 25	42M	-0.2%
Q2 25	42M	-0.7%
Q3 25	35M	-16.3%
Q4 25	35M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$174K	10K
FY 15	$183K	10K
FY 16	$165K	11K
FY 17	$198K	11K
FY 18	$129K	23K
FY 19	$185K	23K
FY 20	$125K	23K
FY 21	$169K	23K
FY 22	$202K	23K
FY 23	$206K	23K
FY 24	$216K	23K
FY 25	$219K	23K

VAC (Marriott Vacations Worldwide Corporation) Stock Financials & Earnings | Market Cap Arena