Marriott Vacations Worldwide Corporation

NYSE•VAC

CEO: Mr. John E. Geller Jr.

Sector: Consumer Cyclical

Industry: Gambling, Resorts & Casinos

Listing Date: 2011-11-08

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management. The company 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 Marriott Vacation Club Pulse brands. It develops, markets, and sells vacation ownership and related products under The Ritz-Carlton Destination Club brand; and holds right to develop, market, and sell ownership residential products under The Ritz-Carlton Residences brand. In addition, the company offers exchange networks and membership programs, as well as provision of management services to other resorts and lodging properties through Interval International, and Aqua-Aston business brands. Further, it provides financing consumer purchases of vacation ownership products, and renting vacation ownership inventory. The company sells its upscale tier vacation ownership products primarily through a network of resort-based sales centers and off-site sales locations. The company was founded in 1984 and is headquartered in Orlando, Florida.

Contact Information

7812 Palm Parkway, Orlando, FL, 32836, United States

407-206-6000

www.marriottvacationsworldwide.com

Market Cap

$2.44B

P/E (TTM)

-8.1

20.6

Dividend Yield

4.5%

52W High

$86.33

52W Low

$44.58

52W Range

64%

Rank45Top 56.8%

3.6

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.6 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.32B+0.00%

4-Quarter Trend

EPS

-$12.35+0.00%

4-Quarter Trend

FCF

-$6.00M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Modest Growth Total Revenues reached $5,032 M, reflecting a 1% increase versus $4,967 M reported previously.

Adjusted EBITDA Improvement Adjusted EBITDA was $751 M, improving 2% from $736 M, indicating stable core profitability before large charges.

Financing Profit Increased Financing Profit grew 7% to $210 M, driven by higher interest income on increased average notes receivable balance.

Owner Sales Loyalty Strong Repeat purchasing behavior strong, with 70% of 2025 VOI sales generated from existing, lower-cost owner base.

Risk Factors

Massive Impairment Charges Recorded Non-cash Impairment charges surged to $577 M in 2025, driven by development strategy review and underperforming assets.

Vacation Ownership Sales Decline Consolidated Contract Sales fell 3% to $1,762 M, alongside a 3% drop in Volume Per Guest (VPG) metric.

Exchange Segment Revenue Drop Exchange & Third-Party Management segment revenues declined 8% to $213 M due to lower transaction volumes globally.

Net Loss Attributable to Stockholders Net Loss attributable to common stockholders reached $(308) M in 2025, a significant reversal from prior year net income.

Outlook

Focus on Profitability and Cash Flow 2026 priorities focus on stronger profitability, improving cash flow, tightening cost structure, and refining global development strategy.

Asia Pacific Strategy Shift Asia Pacific strategy revised, scaling back growth expectations and deferring resort purchases due to higher customer default rates.

Asset Monetization Plan Expect generating $250 M to $300 M net cash proceeds over two years from disposition of identified non-core property and equipment assets.

Modernization Savings Expected Expect non-recurring expenses of approximately $100 M in 2026 related to modernization initiatives following Q3 2025 outsourcing.

Peer Comparison

Revenue (TTM)

SAH

$15.15B

+6.5%

PENN

$7.07B

+6.4%

VSCO

$6.55B

+5.2%

Gross Margin (Latest Quarter)

SBET

97.6%

+76.4pp

CAKE

78.4%

+36.7pp

ZGN

56.0%

+1.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
VSCO	$4.16B	27.6	22.7%	56.8%
GTX	$3.82B	12.6	-39.7%	63.7%
ZGN	$3.16B	27.1	10.2%	34.5%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

3.3%

Moderate Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 30, 2026

EPS:$1.70

Revenue:$1.20B

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data