Marriott Vacations Worldwide (VAC) Financials

$67.14 -0.88 (-1.29%)

Closing price 05/28/2025 03:59 PM Eastern

Extended Trading

$68.17 +1.03 (+1.53%)

As of 08:04 AM Eastern

Annual Income Statements for Marriott Vacations Worldwide

This table shows Marriott Vacations Worldwide's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/30/2016	1/1/2016	1/2/2015
Net Income / (Loss) Attributable to Common Shareholders	218	254	391	49	-275	138	55	235	122	123	81
Consolidated Net Income / (Loss)	217	252	391	53	-256	142	52	235	122	123	81
Net Income / (Loss) Continuing Operations	217	252	391	53	-256	142	52	235	122	123	81
Total Pre-Tax Income	306	398	582	127	-340	225	103	240	198	206	151
Total Operating Income	472	499	659	340	-98	458	267	245	200	218	156
Total Gross Profit	3,804	3,609	3,541	2,775	1,940	3,006	2,168	1,621	1,478	1,167	1,105
Total Revenue	4,967	4,727	4,656	3,890	2,886	4,259	2,968	2,183	2,000	1,811	1,716
Operating Revenue	4,967	4,727	4,656	3,890	2,886	4,259	2,968	2,183	2,000	1,811	1,716
Total Cost of Revenue	1,163	1,118	1,115	1,115	946	1,253	800	562	522	644	612
Operating Cost of Revenue	1,163	1,118	1,115	1,115	946	1,253	800	562	522	644	612
Total Operating Expenses	3,332	3,110	2,882	2,435	2,038	2,548	1,901	1,376	1,278	949	948
Selling, General & Admin Expense	243	273	249	227	154	248	198	106	100	106	101
Marketing Expense	919	823	807	617	386	748	527	388	334	331	315
Depreciation Expense	146	135	132	146	123	141	62	21	21	-	-
Other Operating Expenses / (Income)	1,949	1,791	1,556	1,322	1,244	1,305	1,068	856	824	512	511
Impairment Charge	30	32	2.00	3.00	100	99	0.00	0.00	-	0.32	1.38
Restructuring Charge	28	43	125	110	25	-	0.00	-	0.00	-	-
Other Special Charges / (Income)	17	13	11	10	6.00	7.00	46	4.00	-1.00	-0.23	19
Total Other Income / (Expense), net	-166	-101	-77	-213	-242	-233	-164	-6.00	-2.00	-12	-5.91
Interest & Investment Income	-162	-145	-118	-164	-150	-132	-54	-10	-9.00	-13	-12
Other Income / (Expense), net	-4.00	44	41	-49	-92	-101	-110	4.00	7.00	1.30	5.79
Income Tax Expense	89	146	191	74	-84	83	51	5.00	76	84	70
Net Income / (Loss) Attributable to Noncontrolling Interest	-1.00	-2.00	0.00	4.00	19	4.00	-3.00	0.00	0.00	-	-
Basic Earnings per Share	$6.16	$6.96	$9.69	$1.15	($6.65)	$3.13	$1.64	$8.70	$4.37	$3.90	$2.40
Weighted Average Basic Shares Outstanding	34.91M	35.18M	37.24M	42.10M	41.20M	41.39M	45.21M	27.08M	31.40M	31.50M	33.67M
Diluted Earnings per Share	$5.61	$6.28	$8.77	$1.13	($6.65)	$3.09	$1.61	$8.49	$4.29	$3.82	$2.33
Weighted Average Diluted Shares Outstanding	34.91M	35.18M	37.24M	42.10M	41.20M	41.39M	45.21M	27.08M	31.40M	31.50M	34.64M
Weighted Average Basic & Diluted Shares Outstanding	34.91M	35.18M	37.24M	42.10M	41.20M	41.39M	45.21M	27.08M	31.40M	31.50M	33.60M
Cash Dividends to Common per Share	$3.07	$2.92	$2.58	$1.08	$0.54	$1.89	$1.65	$1.45	$1.25	$1.05	$0.25

This table shows Marriott Vacations Worldwide's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	56	50	84	37	47	35	42	90	87	88	109
Consolidated Net Income / (Loss)	57	49	84	38	46	33	42	90	87	88	110
Net Income / (Loss) Continuing Operations	57	49	84	38	46	33	42	90	87	88	110
Total Pre-Tax Income	102	59	118	48	81	64	66	140	128	145	169
Total Operating Income	129	103	148	99	122	93	100	165	141	71	240
Total Gross Profit	918	998	1,015	872	919	926	902	890	891	913	949
Total Revenue	1,200	1,327	1,305	1,140	1,195	1,194	1,186	1,178	1,169	1,188	1,252
Operating Revenue	1,200	1,327	1,305	1,140	1,195	1,194	1,186	1,178	1,169	1,188	1,252
Total Cost of Revenue	282	329	290	268	276	268	284	288	278	275	303
Operating Cost of Revenue	282	329	290	268	276	268	284	288	278	275	303
Total Operating Expenses	789	895	867	773	797	833	802	725	750	842	709
Selling, General & Admin Expense	61	64	62	54	63	84	57	64	68	62	62
Marketing Expense	234	242	228	226	223	205	202	206	210	204	207
Depreciation Expense	38	37	36	35	38	36	33	34	32	34	33
Other Operating Expenses / (Income)	437	516	538	442	453	459	503	409	420	412	404
Restructuring Charge	12	6.00	1.00	4.00	17	15	5.00	10	13	-	-
Other Special Charges / (Income)	7.00	2.00	2.00	10	3.00	6.00	2.00	2.00	3.00	4.00	2.00
Total Other Income / (Expense), net	-27	-44	-30	-51	-41	-29	-34	-25	-13	74	-71
Interest & Investment Income	-40	-39	-40	-43	-40	-39	-36	-36	-34	-27	-34
Other Income / (Expense), net	13	-5.00	10	-8.00	-1.00	10	2.00	11	21	101	-37
Income Tax Expense	45	10	34	10	35	31	24	50	41	57	59
Net Income / (Loss) Attributable to Noncontrolling Interest	1.00	-1.00	0.00	1.00	-1.00	-2.00	0.00	0.00	0.00	-	1.00
Basic Earnings per Share	$1.60	$1.42	$2.38	$1.04	$1.32	$1.02	$1.16	$2.46	$2.32	$2.27	$2.76
Weighted Average Basic Shares Outstanding	34.54M	34.91M	34.91M	35.06M	35.16M	35.18M	35.52M	36.47M	36.81M	37.24M	38.32M
Diluted Earnings per Share	$1.46	$1.29	$2.12	$0.98	$1.22	$0.96	$1.09	$2.17	$2.06	$2.04	$2.53
Weighted Average Diluted Shares Outstanding	34.54M	34.91M	34.91M	35.06M	35.16M	35.18M	35.52M	36.47M	36.81M	37.24M	38.32M
Weighted Average Basic & Diluted Shares Outstanding	34.54M	34.91M	34.91M	35.06M	35.16M	35.18M	35.52M	36.47M	36.81M	37.24M	38.32M
Cash Dividends to Common per Share	$0.79	$0.79	$0.76	$0.76	$0.76	$0.76	$0.72	$0.72	$0.72	$0.72	$0.62

This table details how cash moves in and out of Marriott Vacations Worldwide's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/30/2016	1/1/2016	1/2/2015
Net Change in Cash & Equivalents	-46	-280	51	-189	291	87	123	278	-36	-208	147
Net Cash From Operating Activities	205	232	522	343	299	382	97	142	141	118	291
Net Cash From Continuing Operating Activities	205	232	522	340	299	382	97	142	141	118	291
Net Income / (Loss) Continuing Operations	217	252	391	53	-256	142	52	235	122	123	81
Consolidated Net Income / (Loss)	217	252	391	53	-256	142	52	235	122	123	81
Depreciation Expense	146	135	132	146	-	-	-	-	-	22	19
Amortization Expense	26	23	25	56	145	160	78	31	27	5.59	5.46
Non-Cash Adjustments To Reconcile Net Income	-45	-163	-179	-56	464	-113	-146	-212	-10	-65	102
Changes in Operating Assets and Liabilities, net	-139	-15	153	141	-54	193	113	88	2.00	33	84
Net Cash From Investing Activities	-115	-112	16	-213	-32	37	-1,407	-38	34	-63	43
Net Cash From Continuing Investing Activities	-115	-112	16	-213	-32	37	-1,407	-38	34	-63	43
Purchase of Property, Plant & Equipment	-57	-118	-65	-47	-41	-46	-40	-26	-35	-36	-15
Acquisitions	0.00	0.00	94	-157	0.00	0.00	-1,393	0.00	0.00	-	-
Sale of Property, Plant & Equipment	8.00	16	3.00	3.00	15	51	0.00	-	69	21	82
Sale and/or Maturity of Investments	0.00	0.00	47	0.00	-	38	0.00	0.00	-	-	-
Other Investing Activities, net	-66	-10	-63	-12	-6.00	-6.00	-14	-12	0.00	-48	-24
Net Cash From Financing Activities	-132	-401	-486	-317	23	-331	1,433	171	-206	-259	-186
Net Cash From Continuing Financing Activities	-132	-401	-486	-317	23	-331	1,433	171	-206	-259	-186
Repayment of Debt	-3,414	-2,564	-1,895	-2,229	-1,679	-1,719	-631	-396	-412	-283	-236
Repurchase of Common Equity	-64	-298	-724	-98	-98	-480	-114	-99	-182	-212	-212
Payment of Dividends	-107	-106	-99	-23	-45	-81	-51	-38	-34	-24	-8.18
Issuance of Debt	3,459	2,562	2,297	2,068	1,856	1,961	2,229	717	462	255	263
Issuance of Common Equity	0.00	0.00	43	70	0.00	0.00	-	20	0.00	0.00	-
Other Financing Activities, net	-6.00	5.00	-108	-105	-11	-12	0.00	-33	0.00	5.38	7.50
Other Net Changes in Cash	-4.00	1.00	-1.00	-2.00	-	-1.00	-	3.00	-5.00	-	-
Cash Interest Paid	247	204	149	184	176	167	55	22	23	-	-
Cash Income Taxes Paid	133	141	57	-13	-32	53	41	49	48	-	-

This table details how cash moves in and out of Marriott Vacations Worldwide's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-41	-19	90	-93	-24	71	23	-94	-280	311	-63
Net Cash From Operating Activities	8.00	100	72	30	3.00	83	122	77	-50	142	162
Net Cash From Continuing Operating Activities	8.00	100	72	30	3.00	83	122	77	-50	142	162
Net Income / (Loss) Continuing Operations	57	49	84	38	46	33	42	90	87	88	110
Consolidated Net Income / (Loss)	57	49	84	38	46	33	42	90	87	88	110
Depreciation Expense	38	37	36	35	38	36	33	34	32	34	33
Amortization Expense	5.00	6.00	5.00	10	5.00	6.00	5.00	5.00	7.00	5.00	10
Non-Cash Adjustments To Reconcile Net Income	71	-26	-185	18	148	-49	-37	-160	83	27	-67
Changes in Operating Assets and Liabilities, net	-163	34	132	-71	-234	57	79	108	-259	-12	76
Net Cash From Investing Activities	-18	-9.00	-18	-19	-69	-27	-32	-16	-37	-33	34
Net Cash From Continuing Investing Activities	-18	-9.00	-18	-19	-69	-27	-32	-16	-37	-33	34
Purchase of Property, Plant & Equipment	-14	-14	-14	-13	-16	-26	-29	-26	-37	-29	-13
Other Investing Activities, net	-4.00	-3.00	-4.00	-6.00	-53	-2.00	-4.00	-4.00	0.00	-2.00	-3.00
Net Cash From Financing Activities	-32	-106	33	-102	43	13	-65	-155	-194	199	-257
Net Cash From Continuing Financing Activities	-32	-106	33	-102	43	13	-65	-155	-194	199	-257
Repayment of Debt	-479	-649	-739	-1,290	-736	-774	-427	-728	-635	-725	-551
Repurchase of Common Equity	-42	-13	-9.00	-13	-29	-40	-86	-83	-89	-173	-217
Payment of Dividends	-55	-26	-	-27	-54	-26	-	-26	-54	-24	-
Issuance of Debt	546	584	782	1,229	864	856	448	682	576	1,183	512
Other Financing Activities, net	-2.00	-2.00	-1.00	-1.00	-2.00	-3.00	-	-	8.00	-105	-1.00
Other Net Changes in Cash	1.00	-	-	-2.00	-1.00	-	-	-	1.00	-	-
Cash Interest Paid	54	68	56	71	52	63	42	55	44	45	35
Cash Income Taxes Paid	4.00	11	8.00	64	50	3.00	5.00	77	56	6.00	18

This table presents Marriott Vacations Worldwide's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/30/2016	1/1/2016	1/2/2015
Total Assets	9,808	9,680	9,639	9,613	8,898	9,214	9,018	2,845	2,391	2,400	2,531
Total Current Assets	2,968	2,917	3,052	2,848	2,832	2,934	3,840	1,698	1,185	1,169	1,374
Cash & Equivalents	197	248	524	342	524	287	231	409	147	177	347
Restricted Cash	331	326	330	461	468	414	383	82	66	71	110
Note & Lease Receivable	2,440	2,343	2,198	2,045	1,840	2,233	2,039	1,115	972	921	917
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	951	583	203	289	147
Total Noncurrent Assets	6,840	6,763	6,587	6,765	6,066	6,280	4,227	564	1,003	942	1,010
Goodwill	3,117	3,117	3,117	3,150	2,817	2,892	2,828	0.00	-	-	-
Intangible Assets	790	854	911	993	952	1,027	1,107	0.00	-	-	-
Other Noncurrent Operating Assets	2,933	2,792	2,559	2,622	2,297	2,361	292	564	1,003	942	1,010
Total Liabilities & Shareholders' Equity	9,808	9,680	9,639	9,613	8,898	9,214	9,018	2,845	2,391	2,400	2,531
Total Liabilities	7,367	7,298	7,141	6,627	6,216	6,183	5,552	1,804	1,484	1,423	1,451
Total Current Liabilities	947	910	976	811	715	869	757	377	518	534	472
Accounts Payable	343	362	356	265	209	286	301	145	124	139	114
Accrued Expenses	384	343	369	345	349	397	246	120	147	164	166
Other Current Liabilities	220	205	251	201	157	186	210	112	96	104	93
Total Noncurrent Liabilities	6,420	6,388	6,165	5,816	5,501	5,314	4,795	1,427	965	889	979
Long-Term Debt	5,225	5,145	5,026	4,487	4,268	4,087	3,818	1,095	737	679	703
Noncurrent Deferred Revenue	354	382	344	453	488	433	383	-	-	-	-
Noncurrent Deferred & Payable Income Tax Liabilities	345	280	331	350	274	300	318	90	149	109	79
Noncurrent Employee Benefit Liabilities	195	168	139	142	127	110	93	75	63	51	42
Other Noncurrent Operating Liabilities	301	413	325	384	344	384	183	167	16	50	155
Total Equity & Noncontrolling Interests	2,441	2,382	2,498	2,986	2,682	3,031	3,466	1,041	908	976	1,080
Total Preferred & Common Equity	2,442	2,382	2,496	2,976	2,651	3,019	3,461	1,041	908	976	1,080
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,442	2,382	2,496	2,976	2,651	3,019	3,461	1,041	908	976	1,080
Common Stock	3,976	3,956	3,942	4,073	3,761	3,739	3,722	1,189	1,163	1,151	1,138
Retained Earnings	852	742	593	275	272	569	523	529	346	244	154
Treasury Stock	-2,378	-2,332	-2,054	-1,356	-1,334	-1,253	-790	-694	-607	-430	-229
Accumulated Other Comprehensive Income / (Loss)	-8.00	16	15	-16	-48	-36	6.00	17	5.46	11	17
Other Equity Adjustments	0.00	0.00	-	-	0.00	0.00	-	-	-	-	-
Noncontrolling Interest	-1.00	0.00	2.00	10	31	12	5.00	0.00	-	-	-

This table presents Marriott Vacations Worldwide's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	9,882	9,740	9,611	9,867	9,453	9,482	9,602	9,237
Total Current Assets	2,933	2,934	2,765	2,886	2,794	2,752	2,794	2,685
Cash & Equivalents	196	197	206	237	265	242	306	294
Restricted Cash	291	350	251	313	238	238	268	249
Note & Lease Receivable	2,446	2,387	2,308	2,336	2,291	2,272	2,220	2,142
Plant, Property, & Equipment, net	1,166	1,165	0.00	1,299	1,250	0.00	0.00	1,136
Total Noncurrent Assets	5,783	5,641	6,846	5,682	5,409	6,730	6,808	5,416
Goodwill	3,117	3,117	3,117	3,117	3,117	3,117	3,117	3,117
Intangible Assets	775	807	822	839	868	884	898	924
Other Noncurrent Operating Assets	1,891	1,717	2,907	1,726	1,424	2,729	2,793	1,375
Total Liabilities & Shareholders' Equity	9,882	9,740	9,611	9,867	9,453	9,482	9,602	9,237
Total Liabilities	7,447	7,321	7,239	7,489	7,043	7,004	7,122	6,609
Total Current Liabilities	885	830	732	814	790	705	762	811
Accounts Payable	251	243	198	221	238	209	222	221
Accrued Expenses	426	384	371	384	359	322	334	342
Other Current Liabilities	208	203	163	209	193	174	206	248
Total Noncurrent Liabilities	6,562	6,491	6,507	6,675	6,253	6,299	6,360	5,798
Long-Term Debt	5,298	5,286	5,235	5,289	5,057	5,029	5,065	4,558
Noncurrent Deferred Revenue	442	350	418	482	371	417	448	346
Noncurrent Deferred & Payable Income Tax Liabilities	335	372	370	328	335	344	339	374
Noncurrent Employee Benefit Liabilities	186	191	179	173	156	154	147	130
Other Noncurrent Operating Liabilities	301	292	305	403	334	355	361	390
Total Equity & Noncontrolling Interests	2,435	2,419	2,372	2,378	2,410	2,478	2,480	2,628
Total Preferred & Common Equity	2,435	2,419	2,372	2,379	2,408	2,476	2,478	2,626
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,435	2,419	2,372	2,379	2,408	2,476	2,478	2,626
Common Stock	3,969	3,970	3,960	3,952	3,954	3,948	3,938	3,969
Retained Earnings	881	830	773	763	734	718	654	533
Treasury Stock	-2,406	-2,370	-2,362	-2,351	-2,298	-2,213	-2,132	-1,882
Accumulated Other Comprehensive Income / (Loss)	-9.00	-11	1.00	15	18	23	18	6.00
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Noncontrolling Interest	0.00	0.00	0.00	-1.00	2.00	2.00	2.00	2.00

This table displays calculated financial ratios and metrics derived from Marriott Vacations Worldwide's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/30/2016	1/1/2016	1/2/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.08%	1.52%	19.69%	34.79%	-32.24%	43.50%	35.96%	9.15%	10.45%	5.52%	-1.92%
EBITDA Growth	-8.70%	-18.20%	73.83%	1,195.56%	-108.70%	120.00%	-16.07%	19.66%	-5.31%	32.55%	7.76%
EBIT Growth	-13.81%	-22.43%	140.55%	253.16%	-153.22%	127.39%	-36.95%	20.29%	-5.61%	35.14%	12.04%
NOPAT Growth	5.94%	-28.64%	212.02%	306.84%	-123.73%	114.43%	-43.81%	94.67%	-4.94%	54.48%	-4.04%
Net Income Growth	-13.89%	-35.55%	637.74%	120.70%	-280.28%	173.08%	-77.87%	92.62%	-0.65%	52.06%	1.29%
EPS Growth	-10.67%	-28.39%	676.11%	116.99%	-315.21%	91.93%	-81.04%	97.90%	12.30%	63.95%	6.88%
Operating Cash Flow Growth	-11.64%	-55.56%	52.19%	14.72%	-21.73%	293.81%	-31.69%	0.71%	19.07%	-59.37%	81.28%
Free Cash Flow Firm Growth	354.39%	-92.56%	177.66%	-246.03%	-27.98%	111.08%	-18,321.99%	-72.57%	98.11%	-86.23%	170.75%
Invested Capital Growth	2.66%	4.24%	0.00%	11.95%	-7.15%	-3.79%	305.47%	14.88%	1.81%	6.05%	-17.16%
Revenue Q/Q Growth	2.75%	0.13%	1.93%	9.98%	-11.34%	1.53%	19.76%	-8.15%	13.00%	1.96%	-2.03%
EBITDA Q/Q Growth	-0.62%	-8.61%	53.86%	2.49%	-145.45%	27.65%	73.44%	-2.17%	-1.22%	19.88%	-0.65%
EBIT Q/Q Growth	-1.06%	-11.27%	10.41%	46.23%	-201.59%	9.85%	37.13%	3.32%	-0.50%	20.93%	-0.17%
NOPAT Q/Q Growth	12.10%	3.35%	-3.57%	141.90%	-351.28%	24.73%	-58.82%	59.00%	-0.69%	38.93%	-8.68%
Net Income Q/Q Growth	7.96%	-17.92%	8.01%	243.24%	-71.81%	32.71%	-59.98%	56.09%	1.10%	36.22%	-6.09%
EPS Q/Q Growth	6.25%	-14.67%	7.48%	194.17%	-63.79%	29.83%	-67.47%	56.93%	4.13%	36.92%	-4.51%
Operating Cash Flow Q/Q Growth	9.04%	-20.27%	24.29%	-22.75%	-16.94%	81.90%	-29.71%	17.24%	29.86%	-36.22%	19.32%
Free Cash Flow Firm Q/Q Growth	43.15%	315.61%	-41.83%	52.40%	-27.48%	98.74%	-3.83%	138.67%	-7.65%	-73.74%	42.93%
Invested Capital Q/Q Growth	-0.28%	-0.16%	0.41%	-3.96%	-2.10%	-2.73%	0.48%	2.77%	3.73%	3.25%	-8.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.59%	76.35%	76.05%	71.34%	67.22%	70.58%	73.05%	74.26%	73.90%	64.43%	64.37%
EBITDA Margin	12.89%	14.83%	18.41%	12.67%	-1.56%	12.14%	7.92%	12.83%	11.70%	13.65%	10.86%
Operating Margin	9.50%	10.56%	14.15%	8.74%	-3.40%	10.75%	9.00%	11.22%	10.00%	12.04%	9.12%
EBIT Margin	9.42%	11.49%	15.03%	7.48%	-6.58%	8.38%	5.29%	11.41%	10.35%	12.11%	9.46%
Profit (Net Income) Margin	4.37%	5.33%	8.40%	1.36%	-8.87%	3.33%	1.75%	10.77%	6.10%	6.78%	4.71%
Tax Burden Percent	70.92%	63.32%	67.18%	41.73%	75.29%	63.11%	50.49%	97.92%	61.62%	59.47%	53.63%
Interest Burden Percent	65.38%	73.30%	83.14%	43.64%	178.95%	63.03%	65.61%	96.39%	95.65%	94.16%	92.80%
Effective Tax Rate	29.09%	36.68%	32.82%	58.27%	0.00%	36.89%	49.51%	2.08%	38.38%	40.53%	46.37%
Return on Invested Capital (ROIC)	4.75%	4.64%	6.64%	2.25%	-1.11%	4.42%	3.24%	15.59%	8.68%	9.49%	5.73%
ROIC Less NNEP Spread (ROIC-NNEP)	2.21%	3.18%	5.32%	-0.31%	-6.73%	-0.05%	-1.11%	14.73%	8.42%	7.47%	4.74%
Return on Net Nonoperating Assets (RNNOA)	4.25%	5.69%	7.62%	-0.38%	-7.85%	-0.05%	-0.93%	8.52%	4.27%	2.46%	1.32%
Return on Equity (ROE)	9.00%	10.33%	14.26%	1.87%	-8.96%	4.37%	2.31%	24.12%	12.95%	11.95%	7.06%
Cash Return on Invested Capital (CROIC)	2.13%	0.48%	6.64%	-9.03%	6.31%	8.28%	-117.62%	1.74%	6.89%	3.61%	24.50%
Operating Return on Assets (OROA)	4.80%	5.62%	7.27%	3.14%	-2.10%	3.92%	2.65%	9.51%	8.64%	8.90%	6.29%
Return on Assets (ROA)	2.23%	2.61%	4.06%	0.57%	-2.83%	1.56%	0.88%	8.98%	5.09%	4.98%	3.13%
Return on Common Equity (ROCE)	9.00%	10.32%	14.23%	1.86%	-8.89%	4.36%	2.31%	24.12%	12.95%	11.95%	7.06%
Return on Equity Simple (ROE_SIMPLE)	8.89%	10.58%	15.67%	1.78%	-9.66%	4.70%	1.50%	22.57%	13.44%	12.58%	7.48%
Net Operating Profit after Tax (NOPAT)	335	316	443	142	-69	289	135	240	123	130	84
NOPAT Margin	6.74%	6.68%	9.51%	3.65%	-2.38%	6.79%	4.54%	10.99%	6.16%	7.16%	4.89%
Net Nonoperating Expense Percent (NNEP)	2.54%	1.46%	1.32%	2.55%	5.63%	4.46%	4.35%	0.87%	0.26%	2.02%	0.99%
Return On Investment Capital (ROIC_SIMPLE)	4.37%	4.20%	5.88%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	23.41%	23.65%	23.95%	28.66%	32.78%	29.42%	26.95%	25.74%	26.10%	35.57%	35.64%
SG&A Expenses to Revenue	4.89%	5.78%	5.35%	5.84%	5.34%	5.82%	6.67%	4.86%	5.00%	5.86%	5.88%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	67.08%	65.79%	61.90%	62.60%	70.62%	59.83%	64.05%	63.03%	63.90%	52.39%	55.25%
Earnings before Interest and Taxes (EBIT)	468	543	700	291	-190	357	157	249	207	219	162
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	640	701	857	493	-45	517	235	280	234	247	186
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.28	1.22	1.94	2.28	1.99	1.67	0.88	3.09	2.24	1.58	1.93
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.09	2.24	1.58	1.93
Price to Revenue (P/Rev)	0.63	0.62	1.04	1.74	1.82	1.18	1.02	1.47	1.02	0.85	1.21
Price to Earnings (P/E)	14.38	11.45	12.40	138.22	0.00	36.46	55.07	13.70	16.65	12.54	25.75
Dividend Yield	3.42%	3.56%	2.04%	0.68%	1.54%	1.58%	2.56%	1.19%	1.66%	2.12%	0.39%
Earnings Yield	6.95%	8.73%	8.07%	0.72%	0.00%	2.74%	1.82%	7.30%	6.01%	7.97%	3.88%
Enterprise Value to Invested Capital (EV/IC)	1.10	1.08	1.35	1.57	1.44	1.31	0.94	2.32	1.78	1.40	1.75
Enterprise Value to Revenue (EV/Rev)	1.58	1.58	1.94	2.69	2.97	1.98	2.10	1.75	1.28	1.09	1.36
Enterprise Value to EBITDA (EV/EBITDA)	12.24	10.67	10.53	21.23	0.00	16.31	26.54	13.66	10.92	7.97	12.48
Enterprise Value to EBIT (EV/EBIT)	16.73	13.78	12.89	35.97	0.00	23.61	39.73	15.36	12.35	8.98	14.33
Enterprise Value to NOPAT (EV/NOPAT)	23.40	23.68	20.38	73.77	0.00	29.16	46.28	15.94	20.74	15.20	27.72
Enterprise Value to Operating Cash Flow (EV/OCF)	38.20	32.24	17.28	30.52	28.67	22.07	64.31	26.93	18.13	16.64	7.98
Enterprise Value to Free Cash Flow (EV/FCFF)	52.30	227.03	20.38	0.00	21.96	15.55	0.00	142.47	26.12	39.90	6.49
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.14	2.16	2.01	1.50	1.59	1.35	1.10	1.05	0.81	0.70	0.65
Long-Term Debt to Equity	2.14	2.16	2.01	1.50	1.59	1.35	1.10	1.05	0.81	0.70	0.65
Financial Leverage	1.92	1.79	1.43	1.23	1.17	1.01	0.84	0.58	0.51	0.33	0.28
Leverage Ratio	4.04	3.96	3.51	3.27	3.17	2.81	2.63	2.69	2.54	2.40	2.26
Compound Leverage Factor	2.64	2.90	2.92	1.43	5.67	1.77	1.73	2.59	2.43	2.26	2.09
Debt to Total Capital	68.16%	68.35%	66.80%	60.04%	61.41%	57.42%	52.42%	51.26%	44.81%	41.01%	39.43%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	68.16%	68.35%	66.80%	60.04%	61.41%	57.42%	52.42%	51.26%	44.81%	41.01%	39.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.01%	0.00%	0.03%	0.13%	0.45%	0.17%	0.07%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	31.85%	31.65%	33.17%	39.82%	38.14%	42.41%	47.52%	48.74%	55.19%	58.99%	60.57%
Debt to EBITDA	8.16	7.34	5.86	9.10	-94.84	7.91	16.25	3.91	3.15	2.75	3.77
Net Debt to EBITDA	7.34	6.52	4.87	7.47	-72.80	6.55	13.63	2.16	2.24	1.74	1.32
Long-Term Debt to EBITDA	8.16	7.34	5.86	9.10	-94.84	7.91	16.25	3.91	3.15	2.75	3.77
Debt to NOPAT	15.61	16.28	11.35	31.62	-62.22	14.14	28.32	4.56	5.98	5.24	8.38
Net Debt to NOPAT	14.03	14.47	9.42	25.96	-47.76	11.71	23.77	2.52	4.25	3.32	2.94
Long-Term Debt to NOPAT	15.61	16.28	11.35	31.62	-62.22	14.14	28.32	4.56	5.98	5.24	8.38
Altman Z-Score	1.29	1.27	1.47	1.41	1.09	1.43	1.21	2.94	2.48	2.17	2.26
Noncontrolling Interest Sharing Ratio	-0.02%	0.04%	0.22%	0.72%	0.75%	0.26%	0.11%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.13	3.21	3.13	3.51	3.96	3.38	5.07	4.50	2.29	2.19	2.91
Quick Ratio	2.78	2.85	2.79	2.94	3.31	2.90	3.43	4.29	2.16	2.05	2.68
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	150	33	443	-570	390	542	-4,890	27	98	49	359
Operating Cash Flow to CapEx	418.37%	227.45%	841.94%	779.55%	1,150.00%	0.00%	242.50%	546.15%	0.00%	784.67%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.49	0.48	0.42	0.32	0.47	0.50	0.83	0.83	0.73	0.66
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	14.27	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	3.87	5.56	8.14	8.30	8.55
Accounts Payable Turnover	3.30	3.11	3.59	4.70	3.82	4.27	3.59	4.17	3.96	5.09	5.03
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	25.58	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	110.63	117.20	101.64	77.58	95.49	85.50	101.74	87.50	92.14	71.74	72.55
Cash Conversion Cycle (CCC)	-110.63	-117.20	-101.64	-77.58	-95.49	-85.50	-76.16	-87.50	-92.14	-71.74	-72.55
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,138	6,953	6,670	6,670	5,958	6,417	6,670	1,645	1,432	1,407	1,326
Invested Capital Turnover	0.71	0.69	0.70	0.62	0.47	0.65	0.71	1.42	1.41	1.33	1.17
Increase / (Decrease) in Invested Capital	185	283	0.00	712	-459	-253	5,025	213	25	80	-275
Enterprise Value (EV)	7,831	7,481	9,022	10,467	8,572	8,430	6,238	3,823	2,556	1,970	2,326
Market Capitalization	3,135	2,910	4,848	6,773	5,265	5,032	3,029	3,219	2,032	1,540	2,080
Book Value per Share	$69.95	$67.07	$65.14	$69.87	$64.56	$71.81	$73.58	$39.29	$33.63	$31.43	$33.11
Tangible Book Value per Share	($41.96)	($44.74)	($39.98)	($27.40)	($27.23)	($21.41)	($10.08)	$39.29	$33.63	$31.43	$33.11
Total Capital	7,666	7,527	7,524	7,473	6,950	7,118	7,284	2,136	1,645	1,655	1,783
Total Debt	5,225	5,145	5,026	4,487	4,268	4,087	3,818	1,095	737	679	703
Total Long-Term Debt	5,225	5,145	5,026	4,487	4,268	4,087	3,818	1,095	737	679	703
Net Debt	4,697	4,571	4,172	3,684	3,276	3,386	3,204	604	524	430	247
Capital Expenditures (CapEx)	49	102	62	44	26	-5.00	40	26	-34	15	-67
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,493	1,433	1,222	1,234	1,125	1,364	2,469	830	454	386	445
Debt-free Net Working Capital (DFNWC)	2,021	2,007	2,076	2,037	2,117	2,065	3,083	1,321	667	635	902
Net Working Capital (NWC)	2,021	2,007	2,076	2,037	2,117	2,065	3,083	1,321	667	635	902
Net Nonoperating Expense (NNE)	118	64	52	89	187	147	83	4.90	1.23	6.84	3.17
Net Nonoperating Obligations (NNO)	4,697	4,571	4,172	3,684	3,276	3,386	3,204	604	524	430	247
Total Depreciation and Amortization (D&A)	172	158	157	202	145	160	78	31	27	28	24
Debt-free, Cash-free Net Working Capital to Revenue	30.06%	30.32%	26.25%	31.72%	38.98%	32.03%	83.19%	38.02%	22.69%	21.33%	25.94%
Debt-free Net Working Capital to Revenue	40.69%	42.46%	44.59%	52.37%	73.35%	48.49%	103.87%	60.51%	33.35%	35.05%	52.54%
Net Working Capital to Revenue	40.69%	42.46%	44.59%	52.37%	73.35%	48.49%	103.87%	60.51%	33.35%	35.05%	52.54%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$6.16	$6.96	$9.69	$1.15	($6.65)	$3.13	$1.64	$8.38	$4.93	$3.90	$2.40
Adjusted Weighted Average Basic Shares Outstanding	34.91M	35.18M	37.24M	42.10M	41.20M	41.39M	45.21M	26.54M	27.88M	31.49M	33.70M
Adjusted Diluted Earnings per Share	$5.61	$6.28	$8.77	$1.13	($6.65)	$3.09	$1.61	$8.18	$4.83	$3.82	$2.33
Adjusted Weighted Average Diluted Shares Outstanding	34.91M	35.18M	37.24M	42.10M	41.20M	41.39M	45.21M	26.54M	28.42M	32.17M	34.60M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$1.15	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.91M	35.18M	37.24M	42.10M	41.20M	41.39M	45.21M	26.54M	27.10M	28.85M	32.14M
Normalized Net Operating Profit after Tax (NOPAT)	388	372	535	324	23	356	158	244	123	130	95
Normalized NOPAT Margin	7.81%	7.86%	11.50%	8.33%	0.80%	8.36%	5.32%	11.17%	6.13%	7.16%	5.54%
Pre Tax Income Margin	6.16%	8.42%	12.50%	3.26%	-11.78%	5.28%	3.47%	10.99%	9.90%	11.40%	8.78%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	49.31%	42.06%	25.32%	43.40%	-17.58%	57.04%	98.08%	16.17%	27.87%	19.38%	10.13%
Augmented Payout Ratio	78.80%	160.32%	210.49%	228.30%	-55.86%	395.07%	317.31%	58.30%	177.05%	192.24%	272.24%

This table displays calculated financial ratios and metrics derived from Marriott Vacations Worldwide's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.42%	11.14%	10.03%	-3.23%	2.22%	0.51%	-5.27%	1.20%	11.12%	8.00%	19.01%
EBITDA Growth	12.80%	-2.76%	42.14%	-36.74%	-18.41%	-31.28%	-43.09%	-12.24%	29.68%	2,244.44%	60.78%
EBIT Growth	17.36%	-4.85%	54.90%	-48.30%	-25.31%	-40.12%	-49.75%	-15.38%	38.46%	62.26%	105.05%
NOPAT Growth	4.05%	78.39%	65.56%	-26.11%	-27.71%	11.29%	-59.26%	-32.44%	5.47%	-7.05%	427.99%
Net Income Growth	23.91%	48.48%	100.00%	-57.78%	-47.13%	-62.50%	-61.82%	-33.33%	50.00%	49.15%	900.00%
EPS Growth	19.67%	34.38%	94.50%	-54.84%	-40.78%	-52.94%	-56.92%	-26.94%	67.48%	42.66%	1,000.00%
Operating Cash Flow Growth	166.67%	20.48%	-40.98%	-61.04%	106.00%	-41.55%	-24.69%	-13.48%	-138.76%	255.00%	4.52%
Free Cash Flow Firm Growth	25.82%	57.69%	65.56%	76.13%	55.18%	-645.48%	-156.17%	-143.88%	-175.48%	106.47%	155.25%
Invested Capital Growth	1.81%	2.66%	2.79%	1.75%	2.09%	4.24%	4.83%	4.35%	3.98%	0.00%	-4.35%
Revenue Q/Q Growth	-9.57%	1.69%	14.47%	-4.60%	0.08%	0.67%	0.68%	0.77%	-1.60%	-5.11%	7.56%
EBITDA Q/Q Growth	31.21%	-29.15%	46.32%	-17.07%	13.10%	3.57%	-34.88%	6.97%	-4.74%	-14.23%	0.41%
EBIT Q/Q Growth	44.90%	-37.97%	73.63%	-24.79%	17.48%	0.98%	-42.05%	8.64%	-5.81%	-15.27%	-2.40%
NOPAT Q/Q Growth	-15.73%	-18.81%	34.43%	13.12%	44.48%	-24.65%	-40.01%	10.68%	122.41%	-72.42%	-0.50%
Net Income Q/Q Growth	16.33%	-41.67%	121.05%	-17.39%	39.39%	-21.43%	-53.33%	3.45%	-1.14%	-20.00%	-18.52%
EPS Q/Q Growth	13.18%	-39.15%	116.33%	-19.67%	27.08%	-11.93%	-49.77%	5.34%	0.98%	-19.37%	-14.81%
Operating Cash Flow Q/Q Growth	-92.00%	38.89%	140.00%	900.00%	-96.39%	-31.97%	58.44%	254.00%	-135.21%	-12.35%	82.02%
Free Cash Flow Firm Q/Q Growth	42.78%	-12.20%	-98.64%	41.83%	67.36%	8.67%	-37.68%	-9.21%	-497.23%	-90.60%	7.56%
Invested Capital Q/Q Growth	1.51%	-0.28%	0.11%	0.46%	2.36%	-0.16%	-0.90%	0.80%	4.51%	0.41%	-1.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.50%	75.21%	77.78%	76.49%	76.90%	77.55%	76.05%	75.55%	76.22%	76.85%	75.80%
EBITDA Margin	15.42%	10.63%	15.25%	11.93%	13.72%	12.14%	11.80%	18.25%	17.19%	17.76%	19.65%
Operating Margin	10.75%	7.76%	11.34%	8.68%	10.21%	7.79%	8.43%	14.01%	12.06%	5.98%	19.17%
EBIT Margin	11.83%	7.39%	12.11%	7.98%	10.13%	8.63%	8.60%	14.94%	13.86%	14.48%	16.21%
Profit (Net Income) Margin	4.75%	3.69%	6.44%	3.33%	3.85%	2.76%	3.54%	7.64%	7.44%	7.41%	8.79%
Tax Burden Percent	55.88%	83.05%	71.19%	79.17%	56.79%	51.56%	63.64%	64.29%	67.97%	60.69%	65.09%
Interest Burden Percent	71.83%	60.20%	74.68%	52.75%	66.94%	62.14%	64.71%	79.55%	79.01%	84.30%	83.25%
Effective Tax Rate	44.12%	16.95%	28.81%	20.83%	43.21%	48.44%	36.36%	35.71%	32.03%	39.31%	34.91%
Return on Invested Capital (ROIC)	4.16%	4.54%	5.53%	4.57%	3.91%	2.79%	3.72%	6.26%	5.72%	2.53%	8.39%
ROIC Less NNEP Spread (ROIC-NNEP)	3.84%	3.76%	5.07%	3.71%	3.41%	2.45%	3.22%	5.89%	5.51%	3.68%	7.23%
Return on Net Nonoperating Assets (RNNOA)	7.63%	7.22%	9.75%	7.13%	6.47%	4.38%	5.47%	9.62%	8.70%	5.26%	10.21%
Return on Equity (ROE)	11.78%	11.76%	15.28%	11.70%	10.39%	7.17%	9.20%	15.89%	14.42%	7.80%	18.60%
Cash Return on Invested Capital (CROIC)	2.85%	2.13%	1.48%	1.85%	2.02%	0.48%	-0.22%	1.52%	2.62%	6.64%	11.20%
Operating Return on Assets (OROA)	5.96%	3.76%	6.10%	3.94%	4.94%	4.22%	4.34%	7.60%	6.92%	7.00%	7.89%
Return on Assets (ROA)	2.39%	1.88%	3.24%	1.65%	1.88%	1.35%	1.79%	3.89%	3.72%	3.58%	4.27%
Return on Common Equity (ROCE)	11.79%	11.76%	15.27%	11.70%	10.38%	7.16%	9.19%	15.88%	14.39%	7.78%	18.49%
Return on Equity Simple (ROE_SIMPLE)	9.36%	0.00%	8.31%	6.70%	8.87%	0.00%	12.75%	15.15%	16.95%	0.00%	13.79%
Net Operating Profit after Tax (NOPAT)	72	86	105	78	69	48	64	106	96	43	156
NOPAT Margin	6.01%	6.45%	8.07%	6.88%	5.80%	4.02%	5.37%	9.00%	8.20%	3.63%	12.48%
Net Nonoperating Expense Percent (NNEP)	0.32%	0.79%	0.46%	0.87%	0.50%	0.34%	0.51%	0.38%	0.21%	-1.14%	1.16%
Return On Investment Capital (ROIC_SIMPLE)	0.93%	1.12%	-	-	-	0.64%	-	-	-	0.57%	-
Cost of Revenue to Revenue	23.50%	24.79%	22.22%	23.51%	23.10%	22.45%	23.95%	24.45%	23.78%	23.15%	24.20%
SG&A Expenses to Revenue	5.08%	4.82%	4.75%	4.74%	5.27%	7.04%	4.81%	5.43%	5.82%	5.22%	4.95%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	65.75%	67.45%	66.44%	67.81%	66.69%	69.77%	67.62%	61.55%	64.16%	70.88%	56.63%
Earnings before Interest and Taxes (EBIT)	142	98	158	91	121	103	102	176	162	172	203
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	185	141	199	136	164	145	140	215	201	211	246
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.92	1.28	1.06	1.29	1.60	1.22	1.47	1.77	1.95	1.94	1.74
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.45	0.63	0.53	0.65	0.80	0.62	0.75	0.91	1.01	1.04	1.00
Price to Earnings (P/E)	9.88	14.38	12.69	19.07	17.74	11.45	11.54	11.70	11.51	12.40	12.54
Dividend Yield	4.83%	3.42%	4.14%	3.44%	2.77%	3.56%	2.97%	2.34%	2.06%	2.04%	2.07%
Earnings Yield	10.12%	6.95%	7.88%	5.24%	5.64%	8.73%	8.67%	8.55%	8.69%	8.07%	7.98%
Enterprise Value to Invested Capital (EV/IC)	0.97	1.10	1.02	1.10	1.20	1.08	1.16	1.27	1.34	1.35	1.29
Enterprise Value to Revenue (EV/Rev)	1.42	1.58	1.51	1.66	1.80	1.58	1.72	1.86	1.95	1.94	1.88
Enterprise Value to EBITDA (EV/EBITDA)	10.67	12.24	11.36	13.42	12.85	10.67	10.56	10.22	10.33	10.53	15.41
Enterprise Value to EBIT (EV/EBIT)	14.42	16.73	15.47	18.82	17.00	13.78	13.23	12.52	12.52	12.89	13.53
Enterprise Value to NOPAT (EV/NOPAT)	21.12	23.40	24.50	30.88	29.57	23.68	26.49	22.45	20.90	20.38	18.69
Enterprise Value to Operating Cash Flow (EV/OCF)	33.59	38.20	38.91	32.98	29.94	32.24	27.83	26.97	27.20	17.28	20.43
Enterprise Value to Free Cash Flow (EV/FCFF)	34.41	52.30	69.94	59.84	59.87	227.03	0.00	85.37	51.99	20.38	11.27
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.18	2.14	2.19	2.21	2.22	2.16	2.10	2.03	2.04	2.01	1.73
Long-Term Debt to Equity	2.18	2.14	2.19	2.21	2.22	2.16	2.10	2.03	2.04	2.01	1.73
Financial Leverage	1.98	1.92	1.92	1.92	1.90	1.79	1.70	1.63	1.58	1.43	1.41
Leverage Ratio	4.10	4.04	3.97	3.94	4.01	3.96	3.71	3.60	3.60	3.51	3.33
Compound Leverage Factor	2.95	2.43	2.97	2.08	2.68	2.46	2.40	2.87	2.85	2.96	2.78
Debt to Total Capital	68.51%	68.16%	68.60%	68.82%	68.98%	68.35%	67.72%	66.99%	67.13%	66.80%	63.43%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	68.51%	68.16%	68.60%	68.82%	68.98%	68.35%	67.72%	66.99%	67.13%	66.80%	63.43%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	-0.01%	0.00%	0.00%	-0.01%	0.00%	0.03%	0.03%	0.03%	0.03%	0.03%
Common Equity to Total Capital	31.49%	31.85%	31.40%	31.18%	31.03%	31.65%	32.25%	32.98%	32.84%	33.17%	36.54%
Debt to EBITDA	8.02	8.16	8.21	8.95	7.97	7.34	6.59	5.76	5.61	5.86	8.18
Net Debt to EBITDA	7.28	7.34	7.36	8.17	7.14	6.52	5.94	5.21	4.97	4.87	7.21
Long-Term Debt to EBITDA	8.02	8.16	8.21	8.95	7.97	7.34	6.59	5.76	5.61	5.86	8.18
Debt to NOPAT	15.86	15.61	17.70	20.60	18.33	16.28	16.54	12.65	11.35	11.35	9.93
Net Debt to NOPAT	14.41	14.03	15.87	18.80	16.42	14.47	14.90	11.44	10.06	9.42	8.75
Long-Term Debt to NOPAT	15.86	15.61	17.70	20.60	18.33	16.28	16.54	12.65	11.35	11.35	9.93
Altman Z-Score	1.10	1.16	1.14	1.14	1.19	1.12	1.20	1.31	1.31	1.29	1.31
Noncontrolling Interest Sharing Ratio	-0.02%	-0.02%	0.04%	0.04%	0.02%	0.04%	0.08%	0.06%	0.23%	0.22%	0.59%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.31	3.13	3.53	3.78	3.55	3.21	3.54	3.90	3.67	3.13	3.31
Quick Ratio	2.99	2.78	3.11	3.43	3.16	2.85	3.24	3.57	3.32	2.79	3.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-57	-99	-89	-45	-77	-235	-257	-187	-171	43	458
Operating Cash Flow to CapEx	57.14%	1,666.67%	514.29%	230.77%	18.75%	332.00%	435.71%	296.15%	-135.14%	458.06%	1,472.73%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.51	0.50	0.49	0.49	0.49	0.51	0.51	0.50	0.48	0.49
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.03	0.00	4.00	0.00	0.00	0.00	3.96	0.00	0.00	0.00	0.00
Accounts Payable Turnover	4.95	3.30	4.58	5.39	5.04	3.11	4.90	5.37	5.18	3.59	5.59
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	73.69	110.63	79.66	67.77	72.44	117.20	74.46	67.96	70.40	101.64	65.28
Cash Conversion Cycle (CCC)	-73.69	-110.63	-79.66	-67.77	-72.44	-117.20	-74.46	-67.96	-70.40	-101.64	-65.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	7,246	7,138	7,158	7,150	7,117	6,953	6,964	7,027	6,971	6,670	6,643
Invested Capital Turnover	0.69	0.71	0.68	0.67	0.67	0.69	0.69	0.70	0.70	0.70	0.67
Increase / (Decrease) in Invested Capital	129	185	194	123	146	283	321	293	267	0.00	-302
Enterprise Value (EV)	7,054	7,831	7,315	7,849	8,534	7,481	8,098	8,926	9,329	9,022	8,581
Market Capitalization	2,243	3,135	2,576	3,071	3,796	2,910	3,542	4,375	4,836	4,848	4,564
Book Value per Share	$69.75	$69.95	$69.00	$67.46	$67.65	$67.07	$66.03	$67.27	$66.55	$65.14	$66.84
Tangible Book Value per Share	($41.74)	($41.96)	($42.93)	($44.56)	($44.85)	($44.74)	($43.24)	($41.43)	($41.28)	($39.98)	($36.02)
Total Capital	7,733	7,666	7,705	7,607	7,667	7,527	7,467	7,507	7,545	7,524	7,186
Total Debt	5,298	5,225	5,286	5,235	5,289	5,145	5,057	5,029	5,065	5,026	4,558
Total Long-Term Debt	5,298	5,225	5,286	5,235	5,289	5,145	5,057	5,029	5,065	5,026	4,558
Net Debt	4,811	4,697	4,739	4,778	4,739	4,571	4,554	4,549	4,491	4,172	4,015
Capital Expenditures (CapEx)	14	6.00	14	13	16	25	28	26	37	31	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,561	1,493	1,557	1,576	1,522	1,433	1,501	1,567	1,458	1,222	1,331
Debt-free Net Working Capital (DFNWC)	2,048	2,021	2,104	2,033	2,072	2,007	2,004	2,047	2,032	2,076	1,874
Net Working Capital (NWC)	2,048	2,021	2,104	2,033	2,072	2,007	2,004	2,047	2,032	2,076	1,874
Net Nonoperating Expense (NNE)	15	37	21	40	23	15	22	16	8.84	-45	46
Net Nonoperating Obligations (NNO)	4,811	4,697	4,739	4,778	4,739	4,571	4,554	4,549	4,491	4,172	4,015
Total Depreciation and Amortization (D&A)	43	43	41	45	43	42	38	39	39	39	43
Debt-free, Cash-free Net Working Capital to Revenue	31.40%	30.06%	32.21%	33.43%	32.02%	30.32%	31.79%	32.73%	30.55%	26.25%	29.14%
Debt-free Net Working Capital to Revenue	41.19%	40.69%	43.53%	43.12%	43.59%	42.46%	42.45%	42.76%	42.57%	44.59%	41.02%
Net Working Capital to Revenue	41.19%	40.69%	43.53%	43.12%	43.59%	42.46%	42.45%	42.76%	42.57%	44.59%	41.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.60	$1.42	$2.38	$1.04	$1.32	$1.02	$1.16	$2.46	$2.32	$2.27	$2.76
Adjusted Weighted Average Basic Shares Outstanding	34.54M	34.91M	34.91M	35.06M	35.16M	35.18M	35.52M	36.47M	36.81M	37.24M	38.32M
Adjusted Diluted Earnings per Share	$1.46	$1.29	$2.12	$0.98	$1.22	$0.96	$1.09	$2.17	$2.06	$2.04	$2.53
Adjusted Weighted Average Diluted Shares Outstanding	34.54M	34.91M	34.91M	35.06M	35.16M	35.18M	35.52M	36.47M	36.81M	37.24M	38.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	34.54M	34.91M	34.91M	35.06M	35.16M	35.18M	35.52M	36.47M	36.81M	37.24M	38.32M
Normalized Net Operating Profit after Tax (NOPAT)	83	115	107	91	81	73	68	114	109	46	158
Normalized NOPAT Margin	6.89%	8.70%	8.24%	7.99%	6.75%	6.13%	5.74%	9.66%	9.36%	3.88%	12.63%
Pre Tax Income Margin	8.50%	4.45%	9.04%	4.21%	6.78%	5.36%	5.56%	11.88%	10.95%	12.21%	13.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	47.37%	49.31%	53.23%	67.30%	50.24%	42.06%	33.88%	27.73%	24.76%	25.32%	27.07%
Augmented Payout Ratio	81.14%	78.80%	98.51%	172.96%	163.03%	160.32%	174.27%	177.60%	184.76%	210.49%	200.55%

Frequently Asked Questions About Marriott Vacations Worldwide's Financials

When does Marriott Vacations Worldwide's fiscal year end?

According to the most recent income statement we have on file, Marriott Vacations Worldwide's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Marriott Vacations Worldwide's net income changed over the last 10 years?

Marriott Vacations Worldwide's net income appears to be on an upward trend, with a most recent value of $217 million in 2024, rising from $80.76 million in 2014. The previous period was $252 million in 2023. Find out what analysts predict for Marriott Vacations Worldwide in the coming months.

What is Marriott Vacations Worldwide's operating income?

Marriott Vacations Worldwide's total operating income in 2024 was $472 million, based on the following breakdown:

Total Gross Profit: $3.80 billion
Total Operating Expenses: $3.33 billion

How has Marriott Vacations Worldwide revenue changed over the last 10 years?

Over the last 10 years, Marriott Vacations Worldwide's total revenue changed from $1.72 billion in 2014 to $4.97 billion in 2024, a change of 189.4%.

How much debt does Marriott Vacations Worldwide have?

Marriott Vacations Worldwide's total liabilities were at $7.37 billion at the end of 2024, a 0.9% increase from 2023, and a 407.8% increase since 2014.

How much cash does Marriott Vacations Worldwide have?

In the past 10 years, Marriott Vacations Worldwide's cash and equivalents has ranged from $147.10 million in 2016 to $524 million in 2020, and is currently $197 million as of their latest financial filing in 2024.

How has Marriott Vacations Worldwide's book value per share changed over the last 10 years?

Over the last 10 years, Marriott Vacations Worldwide's book value per share changed from 33.11 in 2014 to 69.95 in 2024, a change of 111.3%.

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This page (NYSE:VAC) was last updated on 5/29/2025 by MarketBeat.com Staff

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Marriott Vacations Worldwide (VAC) Financials

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Marriott Vacations Worldwide (VAC) Financials

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