Marriott Vacations Worldwide Corp (VAC)

Marriott Vacations Worldwide Corporation, a vacation company, engages in vacation ownership, exchange, rental, and resort and property management, along with related businesses, products and services in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Third-Party Management. It develops, markets, sells, finances, rents, and 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 Ritz-Carlton Club brands; and holds non-exclusive right to develop, market, and sell whole ownership residential products under the Ritz-Carlton Residences brand name, as well as has a license to use the St. Regis brand for specified fractional ownership products. The company also offers exchange network and membership programs, as well as management services to other resorts and lodging properties through its Interval International and Aqua-Aston businesses. In addition, it provides financing for consumer purchases of vacation ownership products; and renting vacation ownership inventory. The company sells its upper upscale tier vacation ownership products under its brands primarily through a network of resort-based sales centers and certain off-site sales locations. Marriott Vacations Worldwide Corporation was founded in 1984 and is headquartered in Orlando, Florida.

Ticker
VAC
Exchange
NYSE
Sector
Consumer Cyclical
Industry
Resorts & Casinos
Market cap
$3.80B
52-week range
$44.58 - $131.34

Valuation

Share price
$110.42 (close of Nov 6, 2026)
P/E (TTM)
-15.49x
Price to book
1.79x
Price to free cash flow
23.17x
Enterprise value
$8.97B
Book value per share
$61.56

Price performance

PeriodChange
1 day+3.02%
5 days-4.39%
1 month+5.59%
3 months-11.49%
6 months+41.09%
Year to date+91.40%
1 year+123.03%
3 years+39.74%
5 years-35.23%
10 years+74.83%
All time+513.79%

Short interest

As of
Oct 15, 2026
Short % of float
8.99%
Shares short
2.02M
Days to cover
5.92
Change since prior report
-0.73%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
-15.45%
Return on assets
-3.16%
Net margin
-6.59%
EBITDA margin
0.39%
Revenue growth
1.02%
Net income growth
-241.28%
Free cash flow growth
-119.59%

Cash flow and balance sheet

Free cash flow yield (TTM)
4.32%
Net debt to EBITDA
61.55x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$4.67B
EBITDA
$18.00M
Net income
-$308.00M
Earnings per share
$-8.84
Interest expense
$169.00M
Shares outstanding
34.90M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$4.67B-$308.00M-$8.84
2024-12-31$4.63B$218.00M$6.16
2023-12-31$4.41B$254.00M$6.96
2022-12-31$4.36B$391.00M$9.69
2021-12-31$3.62B$49.00M$1.15
2020-12-31$2.62B-$275.00M-$6.65
2019-12-31$3.98B$138.00M$3.13
2018-12-31$2.79B$55.00M$1.64
2017-12-31$2.05B$235.00M$8.70
2016-12-30$1.87B$122.00M$4.37

Margins and returns by year

Period endNet marginReturn on equity
2025-12-31-6.59%-15.45%
2024-12-314.71%8.93%
2023-12-315.77%10.66%
2022-12-318.96%15.65%
2021-12-311.35%1.64%
2020-12-31-10.50%-10.25%
2019-12-313.46%4.55%
2018-12-311.97%1.59%
2017-12-3111.47%22.57%
2016-12-306.51%13.63%

Cash and debt by year

Period endCash
2025-12-31$406.00M
2024-12-31$197.00M
2023-12-31$248.00M
2022-12-31$524.00M
2021-12-31$342.00M
2020-12-31$524.00M
2019-12-31$287.00M
2018-12-31$231.00M
2017-12-31$409.00M
2016-12-30$147.10M

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31-$29.00M$38.00M
2024-12-31$148.00M$33.00M
2023-12-31$114.00M$31.00M
2022-12-31$457.00M$39.00M
2021-12-31$296.00M$51.00M
2020-12-31$258.00M$36.00M
2019-12-31$336.00M$33.00M
2018-12-31$57.00M$29.00M
2017-12-31$116.00M$16.00M
2016-12-30$106.00M$14.00M

Dividend history

Most recent payment
Sep 16, 2026
Paid in the last twelve months
$3.20
Payment dateDividend per share
2026-09-16$0.80
2026-05-27$0.80
2026-03-04$0.80
2025-12-24$0.80
2025-09-17$0.79
2025-05-23$0.79
2025-03-05$0.79
2024-12-19$0.79

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-04Sep 2026$2.56
2026-08-06Jun 2026$1.98
2026-05-05Mar 2026$1.60
2026-02-25Dec 2025$1.72
2025-11-05Sep 2025$1.64
2025-08-04Jun 2025$1.72
2025-05-07Mar 2025$1.56
2025-02-26Dec 2024$1.51

Filings and sources

Company website
marriottvacationsworldwide.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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