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Marriott Vacations Worldwide Corporation

Marriott Vacations Worldwide Corporation

NYSE•VAC
CEO: Mr. John E. Geller Jr.
セクター: Consumer Cyclical
業種: Gambling, Resorts & Casinos
上場日: 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.
連絡先情報
7812 Palm Parkway, Orlando, FL, 32836, United States
407-206-6000
www.marriottvacationsworldwide.com
時価総額
$1.94B
PER (TTM)
11.3
25.1
配当利回り
5.7%
52週高値
$91.18
52週安値
$44.58
52週レンジ
24%
順位45Top 56.8%
3.6
F-Score
改良版 Piotroski 分析
10年ファンダメンタル
弱い • 3.6 / 9 ポイント
スコアレンジ (0-9)
8-9: 価値が優れている
6-7: 基礎体質が強い
4-5: 全体的に堅調
0-3: パフォーマンスが弱い
データ期間: 2016-2025

財務ダッシュボード

Q3 2025 データ

売上高

$812.00M-37.78%
直近4四半期の推移

EPS

-$0.06-102.42%
直近4四半期の推移

フリーCF

$51.00M-12.07%
直近4四半期の推移

2025 Q3 決算ハイライト

主なハイライト

Total Revenues Increased 2% Nine months total revenues reached $3.709B, showing 2% growth compared to $3.640B last year; dividends increased to $2.37 per share.
Adjusted EBITDA Up 4% Aggregate Adjusted EBITDA for nine months totaled $565M, marking a 4% increase over prior year; Vacation Ownership segment led growth.
Strong Financing Cash Flow Financing activities provided $236M net cash flow for nine months, reversing prior period's $26M usage; cash reserves grew to $474M.
Strategic Cost Savings Initiative SBO office targets $150M to $200M annualized benefits by 2026 end; Q3 reorganization yields $20M expected annual savings.

リスク要因

Net Income Attributable Down Net income attributable to common stockholders fell 27% to $123M for nine months; diluted EPS dropped to $3.27 from $4.31.
Q3 Impairment Charge Recorded Recorded $31M non-cash impairment charge in Q3 2025 on completed vacation units and land, valued using Level 3 inputs.
Increased Debt Balances Total net debt increased to $3.533B as of September 30, 2025, up from $3.089B at year-end 2024, reflecting new financing activities.
Financing Margin Pressure Expected Financing profit margin slightly decreased in Q3; expect continued margin decrease in 2025 as lower rate debt repays existing obligations.

見通し

SBO Efficiency Acceleration Plans SBO office modernizes processes targeting operational efficiencies and revenue growth; expects significant savings from procurement and overhead optimization.
2026 Inventory Cost Increase Expect higher cost of vacation ownership products in 2026 due to inventory mix shift in North America and Asia Pacific regions.
Debt Repayment Strategy Proceeds from new $575M 2033 Notes issuance intended to repay outstanding 2026 Convertible Notes maturing in January 2026.
Corporate Overhead Reorganization Reorganized corporate overhead functions in Q3 2025, transitioning work to third-party providers to realize $20M in annual cost reductions.

同業比較

売上高 (TTM)

Sonic Automotive, Inc.SAH
$15.18B
+9.1%
PENN Entertainment, Inc.PENN
$6.82B
+8.2%
Victoria's Secret & Co.VSCO
$6.39B
+3.0%

粗利益率 (最新四半期)

SharpLink Gaming, Inc.SBET
96.0%
+76.4pp
The Cheesecake Factory IncorporatedCAKE
78.2%
+36.7pp
Ermenegildo Zegna N.V.ZGN
67.5%
+1.1pp

主要指標

銘柄コード
時価総額
PER (TTM)
ROE (TTM)
負債比率
VSCO$4.75B28.126.1%62.1%
GTX$3.91B11.8-43.5%62.4%
LCII$3.75B21.113.0%37.9%

長期トレンド

直近4四半期
売上高
純利益
営業キャッシュフロー
4四半期売上高CAGR
-15.1%
成長鈍化
4四半期純利益CAGR
N/M
収益構造の変化
キャッシュフロー安定性
75%
キャッシュフローの変動が大きい

深度リサーチ

次回決算:2026年2月25日
|
EPS:$1.72
|
売上高:$1.30B
財務レポート
財務データ
全年度

  • Form 10-Q - Q3 2025

    会計期末: 2025年9月30日|提出日: 2025年11月6日|
    売上高: $812.00M-37.8%
    |
    EPS: $-0.06-102.4%
    予想を下回る

  • Form 10-Q - Q2 2025

    会計期末: 2025年6月30日|提出日: 2025年8月6日|
    売上高: $1.25B+9.3%
    |
    EPS: $1.98+90.4%
    予想を上回る

  • Form 10-Q - Q1 2025

    会計期末: 2025年3月31日|提出日: 2025年5月8日|
    売上高: $1.20B+0.4%
    |
    EPS: $1.60+21.2%
    予想を上回る

  • Form 10-K - FY 2024

    会計期末: 2024年12月31日|提出日: 2025年2月28日|
    売上高: $4.97B+5.1%
    |
    EPS: $6.16-11.5%
    予想を上回る

  • Form 10-Q - Q3 2024

    会計期末: 2024年9月30日|提出日: 2024年11月7日|
    売上高: $1.31B+10.0%
    |
    EPS: $2.37+104.3%
    予想を上回る

  • Form 10-Q - Q2 2024

    会計期末: 2024年6月30日|提出日: 2024年8月2日|
    売上高: $1.14B+38.5%
    |
    EPS: $1.04-57.4%
    予想を下回る

  • Form 10-Q - Q1 2024

    会計期末: 2024年3月31日|提出日: 2024年5月7日|
    売上高: $1.20B+48.6%
    |
    EPS: $1.32-43.3%
    予想を下回る

  • Form 10-K - FY 2023

    会計期末: 2023年12月31日|提出日: 2024年2月27日|
    売上高: $4.73B+1.5%
    |
    EPS: $6.96-20.5%
    予想を上回る