Loading…
Develops, markets and manages timeshare/vacation-ownership resorts under the Marriott, Sheraton and Westin brands.
Develops, markets and manages timeshare/vacation-ownership resorts under the Marriott, Sheraton and Westin brands.
Sells vacation points, a right to stay across its resorts, often financing the purchase, so interest on owner loans adds to sales. Fees for managing resorts for owners' associations, rentals and the Interval International exchange network add recurring income. It uses Marriott and other brands under licence after a 2018 merger with ILG.
Moat: narrow (brand, licensing, installed base). Licensed use of trusted Marriott-family hotel brands differentiates its resorts from generic timeshare competitors.
Headquarters: Orlando, Florida, United States · Founded: 1984 · Employees: 21,100
Size Marriott Vacations Worldwide (VAC) is a United States Consumer Discretionary company (Other Consumer Services) with a market value of $3.80B, the 1379th largest of 3,117 United States companies the cockpit tracks. Shares closed at $110.42 on 6 Nov 2026.
Performance Over six months the shares gained 43.2%, against -1.8% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 4.6% over the last twelve months (peer median +11.2%); the operating margin is 11.1% (peer median 13.3%).
Valuation It trades at 11.4× forward earnings against a peer median of 16.4× (8th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.4 points below its cost of capital (7.9% WACC).
Short interest Short interest is 5.9% of the free float (15 Oct 2026).
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.27B | $5.03B | $4.97B | $4.73B | $4.66B |
| Revenue growth | — | +1% | +5% | +2% | — |
| Gross profit | $961M | $909M | $904M | $977M | $1.16B |
| EBITDA | $717M | $703M | $693M | $722M | $929M |
| Net income | -$250M | -$308M | $218M | $254M | $391M |
| Free cash flow | $164M | -$29.0M | $148M | $114M | $457M |
| Capital expenditure | $46.0M | $57.0M | $57.0M | $118M | $65.0M |
| Total debt | $5.46B | $5.75B | $5.32B | $5.25B | $5.14B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Marriott Vacations Worldwide VAC | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% |
| Hilton Grand Vacations HGV | $3.33B | -10% | +19% | 17% | 9.4× | n/a |
| Travel + Leisure TNL | $4.54B | +15% | +5% | 17% | 8.8× | 3.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VAC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.0% | +5.0% | 11th highest of 21 |
| 6-month return | +43.2% | -1.8% | 2nd highest of 21 |
| Distance from 52-week high | -15.9% | -21.6% | 8th highest of 21 |
| Revenue growth (TTM) | +4.6% | +11.2% | 8th lowest of 21 |
| Operating margin | 11.1% | 13.3% | 9th lowest of 21 |
| Forward P/E | 11.4× | 16.4× | 8th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 7.7% | 4.7% | 7th most demanding of 19 |
| Growth delivered (Del g) | +11.8% | +15.8% | 8th lowest of 19 |
| Hurdle (Req g minus delivered) | -4.1 pp | -18.0 pp | 5th most demanding of 19 |
| ROIC minus cost of capital | -1.4 pp | +8.5 pp | 3rd lowest of 20 |
| EV / EBITDA | 12.2× | 9.8× | 6th most expensive of 19 |
| Net debt / EBITDA | 6.9× | 1.2× | most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Marriott Vacations Worldwide VAC | United States | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% | +11.8% |
| Indian Railway Catering & Tourism IRCTC.NS | India | $3.87B | -20% | +15% | 30% | 24.2× | 28.7% | +46.4% |
| Covista CVSA | United States | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% | +16.6% |
| Jet2 JET2.L | United Kingdom | $3.61B | +34% | +4% | 6% | 11.1× | n/a | n/a |
| Tongcheng Travel 0780.HK | Hong Kong | $3.38B | -37% | +15% | 17% | 6.1× | -15.0% | +25.8% |
| Tui TUI1.DE | Germany | $4.31B | +17% | -2% | 4% | 7.4× | -2.0% | +24.9% |
| Valvoline VVV | United States | $4.44B | -2% | +16% | 18% | 19.4× | 10.3% | -6.2% |
| Ferrotec (An Hui) Technology Development 301297.SZ | China | $3.21B | -30% | +37% | 10% | n/a | n/a | n/a |
| Planet Fitness PLNT | United States | $4.56B | +31% | +13% | 31% | 17.3× | 4.8% | +26.6% |
| Stride LRN | United States | $3.15B | -15% | +2% | 19% | 9.5× | -19.1% | +10.4% |
| OneSpaWorld OSW | United States | $3.12B | +25% | +10% | 10% | 24.5× | 19.5% | +51.4% |
| Kakaku.com 2371.T | Japan | $4.63B | +42% | +17% | 27% | 31.3× | 4.6% | +13.0% |
| Graham GHC | United States | $5.05B | +7% | +4% | 6% | 16.4× | 8.6% | +11.2% |
| Peloton Interactive PTON | United States | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% | -9.5% |
| Boyd Group Services BYD.TO | Canada | $2.48B | -24% | +16% | 5% | 22.1× | 9.4% | +16.0% |
| H&R Block HRB | United States | $6.45B | +43% | +5% | 24% | 8.4× | -15.4% | +2.9% |
| Basic-Fit BFIT.AS | Netherlands | $2.23B | +2% | +18% | 12% | 22.0× | 6.5% | +30.4% |
| Andersen ANDG | United States | $7.34B | +78% | +18% | 14% | 32.4× | 29.0% | +18.0% |
| Driven Brands DRVN | United States | $1.96B | -11% | -11% | 15% | 9.6× | 3.3% | +15.5% |
| Park24 4666.T | Japan | $1.93B | -2% | +4% | 10% | 6.8× | -5.2% | +8.6% |
| New Oriental Education & Technology 9901.HK | Hong Kong | $7.58B | -3% | +21% | 12% | 12.8× | -16.4% | +5.9% |