Marriott Vacations Worldwide Corp - Understand $vac stock

$VAC Market Cap: $2.591 Billion

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Financial Snapshot

Revenue

$4.715B

TTM

Gross Margin

49.27%

TTM

Net Earnings

$161.0M

TTM

Current Assets

$1.199B

Q2 2024

Current Liabilities

$732.0M

Q2 2024

Current Ratio

163.8%

Q2 2024

Total Assets

$9.611B

Q2 2024

Total Liabilities

$7.239B

Q2 2024

Book Value

$2.372B

Q2 2024

Cash

$206.0M

Q2 2024

P/E

16.10

Sep 17, 2024 EST

Free Cash Flow

$154.0M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$4.727B	$4.656B	$3.890B	$2.886B	$4.259B	$2.968B	$2.183B	$2.000B	$1.716B	$1.750B	$1.750B	$1.639B	$1.624B	$1.592B	$1.596B	$1.916B
YoY Change	1.52%	19.69%	34.79%	-32.24%	43.5%	35.96%	9.15%	16.55%	-1.92%	-0.02%	6.77%	0.92%	2.01%	-0.25%	-16.7%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$4.727B	$4.656B	$3.890B	$2.886B	$4.259B	$2.968B	$2.183B	$2.000B	$1.716B	$1.750B	$1.750B	$1.639B	$1.624B	$1.592B	$1.596B	$1.916B
Cost Of Revenue	$2.340B	$2.175B	$1.987B	$1.741B	$2.095B	$1.509B	$1.134B	$1.075B	$811.5M	$1.606B	$830.0M	$1.603B	$1.833B	$803.0M	$844.0M	$982.0M
Gross Profit	$2.387B	$2.481B	$1.903B	$1.145B	$2.164B	$1.459B	$1.049B	$925.0M	$999.3M	$143.7M	$920.0M	$36.00M	-$209.0M	$781.0M	$752.0M	$934.0M
Gross Profit Margin	50.5%	53.29%	48.92%	39.67%	50.81%	49.16%	48.05%	46.25%	58.23%	8.21%	52.57%	2.2%	-12.87%	49.06%	47.12%	48.75%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$1.096B	$1.056B	$844.0M	$540.0M	$996.0M	$725.0M	$494.0M	$434.0M	$416.3M	$415.0M	$728.0M	$415.0M	$422.0M	$425.0M	$700.0M	$873.0M
YoY Change	3.79%	25.12%	56.3%	-45.78%	37.38%	46.76%	13.82%	4.25%	0.32%	-43.0%	75.42%	-1.66%	-0.71%	-39.29%	-19.82%
% of Gross Profit	45.92%	42.56%	44.35%	47.16%	46.03%	49.69%	47.09%	46.92%	41.66%	288.81%	79.13%	1152.78%		54.42%	93.09%	93.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$135.0M	$132.0M	$146.0M	$123.0M	$141.0M	$62.00M	$21.00M	$21.00M	$18.68M	$22.60M	$23.00M	$30.00M	$33.00M	$35.00M	$42.00M	$44.00M
YoY Change	2.27%	-9.59%	18.7%	-12.77%	127.42%	195.24%	0.0%	12.41%	-17.32%	-1.76%	-23.33%	-9.09%	-5.71%	-16.67%	-4.55%
% of Gross Profit	5.66%	5.32%	7.67%	10.74%	6.52%	4.25%	2.0%	2.27%	1.87%	15.73%	2.5%	83.33%		4.48%	5.59%	4.71%
Operating Expenses	$1.096B	$1.056B	$844.0M	$540.0M	$996.0M	$725.0M	$494.0M	$434.0M	$416.3M	$415.0M	$728.0M	$415.0M	$422.0M	$425.0M	$700.0M	$873.0M
YoY Change	3.79%	25.12%	56.3%	-45.78%	37.38%	46.76%	13.82%	4.25%	0.32%	-43.0%	75.42%	-1.66%	-0.71%	-39.29%	-19.82%
Operating Profit	$1.291B	$1.425B	$1.059B	$605.0M	$1.168B	$734.0M	$555.0M	$491.0M	$583.0M	-$271.3M	$192.0M	-$379.0M	-$631.0M	$356.0M	$52.00M	$61.00M
YoY Change	-9.4%	34.56%	75.04%	-48.2%	59.13%	32.25%	13.03%	-15.78%	-314.88%	-241.3%	-150.66%	-39.94%	-277.25%	584.62%	-14.75%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	-$145.0M	-$118.0M	-$164.0M	-$150.0M	-$132.0M	-$54.00M	-$10.00M	-$9.000M	-$11.69M	-$12.57M	-$44.00M	$58.00M	$47.00M	$56.00M	-$150.0M	$11.00M
YoY Change	22.88%	-28.05%	9.33%	13.64%	144.44%	440.0%	11.11%	-23.02%	-7.01%	-71.42%	-175.86%	23.4%	-16.07%	-137.33%	-1463.64%
% of Operating Profit	-11.23%	-8.28%	-15.49%	-24.79%	-11.3%	-7.36%	-1.8%	-1.83%	-2.01%		-22.92%			15.73%	-288.46%	18.03%
Other Income/Expense, Net	-$3.000M	$1.000M	$2.000M	$0.00	$1.000M	-$4.000M	-$1.000M	-$4.632M	$614.0K	$5.000M	$1.000M	$9.000M	$2.000M	$21.00M	$2.000M	$0.00
YoY Change	-400.0%	-50.0%		-100.0%	-125.0%	300.0%	-78.41%	-854.4%	-87.72%	400.0%	-88.89%	350.0%	-90.48%	950.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$398.0M	$582.0M	$127.0M	-$340.0M	$225.0M	$103.0M	$240.0M	$198.0M	$150.6M	$131.2M	$131.0M	$31.00M	-$217.0M	$109.0M	-$763.0M	$9.000M
YoY Change	-31.62%	358.27%	-137.35%	-251.11%	118.45%	-57.08%	21.21%	31.48%	14.78%	0.16%	322.58%	-114.29%	-299.08%	-114.29%	-8577.78%
Income Tax	$146.0M	$191.0M	$74.00M	-$84.00M	$83.00M	$51.00M	$5.000M	$76.00M	$69.84M	$51.47M	$51.00M	$24.00M	-$45.00M	$50.00M	-$231.0M	$25.00M
% Of Pretax Income	36.68%	32.82%	58.27%		36.89%	49.51%	2.08%	38.38%	46.37%	39.23%	38.93%	77.42%		45.87%		277.78%
Net Earnings	$254.0M	$391.0M	$49.00M	-$275.0M	$138.0M	$55.00M	$235.0M	$122.0M	$80.76M	$79.73M	$80.00M	$7.000M	-$172.0M	$59.00M	-$521.0M	$9.000M
YoY Change	-35.04%	697.96%	-117.82%	-299.28%	150.91%	-76.6%	92.62%	51.07%	1.29%	-0.34%	1042.86%	-104.07%	-391.53%	-111.32%	-5888.89%
Net Earnings / Revenue	5.37%	8.4%	1.26%	-9.53%	3.24%	1.85%	10.77%	6.1%	4.71%	4.56%	4.57%	0.43%	-10.59%	3.71%	-32.64%	0.47%
Basic Earnings Per Share	$6.96	$9.69	$1.15	-$6.65	$3.13	$1.64	$8.70	$4.37	$2.40	$2.25		$0.19	-$5.12	$1.74
Diluted Earnings Per Share	$6.28	$8.77	$1.13	-$6.65	$3.09	$1.61	$8.49	$4.29	$2.33	$2.18	$2.186M	$0.18	-$5.12	$1.74	-$15.51M	$267.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$248.0M	$524.0M	$342.0M	$524.0M	$287.0M	$231.0M	$409.0M	$147.1M	$177.1M	$346.5M	$200.0M	$103.0M	$110.0M	$26.00M	$32.00M
YoY Change	-52.67%	53.22%	-34.73%	82.58%	24.24%	-43.52%	178.04%	-16.94%	-48.89%	73.25%	94.17%	-6.36%	323.08%	-18.75%
Cash & Equivalents	$248.0M	$524.0M	$342.0M	$524.0M	$287.0M	$231.0M	$409.0M	$147.1M	$177.1M	$346.5M	$200.0M	$103.0M	$110.0M	$26.00M	$32.00M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$634.0M	$660.0M	$719.0M	$759.0M	$859.0M	$863.0M	$398.0M	$712.5M	$669.2M	$772.8M	$870.0M	$888.0M	$959.0M	$1.412B	$1.377B
Prepaid Expenses
Receivables	$299.0M	$292.0M	$194.0M	$276.0M	$323.0M	$324.0M	$92.00M	$161.7M	$131.9M	$109.7M	$109.0M	$100.0M	$105.0M	$100.0M	$101.0M
Other Receivables	$68.00M	$0.00	$71.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.249B	$1.476B	$1.326B	$1.559B	$1.469B	$1.418B	$899.0M	$1.021B	$978.2M	$1.229B	$1.179B	$1.091B	$1.174B	$1.538B	$1.510B
YoY Change	-15.38%	11.31%	-14.95%	6.13%	3.6%	57.73%	-11.97%	4.41%	-20.41%	4.24%	8.07%	-7.07%	-23.67%	1.85%
Property, Plant & Equipment	$1.337B	$1.139B	$1.232B	$791.0M	$893.0M	$951.0M	$583.0M	$202.8M	$288.8M	$147.4M	$254.0M	$261.0M	$285.0M	$310.0M	$358.0M
YoY Change	17.38%	-7.55%	55.75%	-11.42%	-6.1%	63.12%	187.48%	-29.78%	95.93%	-41.97%	-2.68%	-8.42%	-8.06%	-13.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$326.0M	$330.0M	$461.0M	$468.0M	$414.0M	$383.0M	$82.00M	$66.00M	$71.50M	$109.9M	$86.00M	$68.00M	$81.00M	$399.0M	$352.0M
YoY Change	-1.21%	-28.42%	-1.5%	13.04%	8.09%	367.07%	24.24%	-7.69%	-34.94%	27.79%	26.47%	-16.05%	-79.7%	13.35%
Total Long-Term Assets	$8.431B	$8.163B	$8.287B	$7.339B	$7.745B	$7.600B	$1.946B	$1.370B	$1.422B	$1.302B	$1.453B	$1.522B	$1.672B	$2.104B	$1.526B
YoY Change	3.28%	-1.5%	12.92%	-5.24%	1.91%	290.54%	42.03%	-3.62%	9.21%	-10.42%	-4.53%	-8.97%	-20.53%	37.88%
Total Assets	$9.680B	$9.639B	$9.613B	$8.898B	$9.214B	$9.018B	$2.845B	$2.391B	$2.400B	$2.531B	$2.632B	$2.613B	$2.846B	$3.642B	$3.036B
YoY Change
Accounts Payable	$362.0M	$356.0M	$265.0M	$209.0M	$286.0M	$301.0M	$145.0M	$124.4M	$139.1M	$114.1M	$129.0M	$113.0M	$145.0M	$87.00M	$81.00M
YoY Change	1.69%	34.34%	26.79%	-26.92%	-4.98%	107.59%	16.56%	-10.57%	21.91%	-11.55%	14.16%	-22.07%	66.67%	7.41%
Accrued Expenses	$548.0M	$620.0M	$546.0M	$506.0M	$583.0M	$456.0M	$232.0M	$243.0M	$269.1M	$259.0M	$267.0M	$263.0M	$176.0M	$164.0M	$206.0M
YoY Change	-11.61%	13.55%	7.91%	-13.21%	27.85%	96.55%	-4.53%	-9.7%	3.9%	-3.0%	1.52%	49.43%	7.32%	-20.39%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$850.0M	$1.022B	$59.00M
YoY Change												-100.0%	-16.83%	1632.2%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$910.0M	$1.134B	$971.0M	$862.0M	$1.056B	$928.0M	$446.0M	$462.9M	$443.5M	$411.9M	$415.0M	$408.0M	$1.200B	$1.329B	$404.0M
YoY Change	-19.75%	16.79%	12.65%	-18.37%	13.79%	108.07%	-3.65%	4.37%	7.67%	-0.75%	1.72%	-66.0%	-9.71%	228.96%
Long-Term Debt	$5.145B	$5.026B	$4.487B	$4.268B	$4.087B	$3.818B	$1.095B	$737.2M	$717.8M	$741.8M	$718.0M	$718.0M	$40.00M	$0.00	$0.00
YoY Change	2.37%	12.01%	5.13%	4.43%	7.05%	248.68%	48.53%	2.7%	-3.24%	3.31%	0.0%	1695.0%
Other Long-Term Liabilities	$963.0M	$650.0M	$819.0M	$812.0M	$740.0M	$488.0M	$173.0M	$134.3M	$153.1M	$218.2M	$230.0M	$306.0M	$472.0M	$409.0M	$409.0M
YoY Change	48.15%	-20.63%	0.86%	9.73%	51.64%	182.08%	28.82%	-12.28%	-29.84%	-5.13%	-24.84%	-35.17%	15.4%	0.0%
Total Long-Term Liabilities	$6.108B	$5.676B	$5.306B	$5.080B	$4.827B	$4.306B	$1.268B	$871.5M	$870.9M	$960.0M	$948.0M	$1.024B	$512.0M	$409.0M	$409.0M
YoY Change	7.61%	6.97%	4.45%	5.24%	12.1%	239.59%	45.5%	0.07%	-9.28%	1.27%	-7.42%	100.0%	25.18%	0.0%
Total Liabilities	$7.298B	$7.143B	$6.637B	$6.247B	$6.195B	$5.557B	$1.804B	$1.484B	$1.424B	$1.451B	$1.423B	$1.474B	$1.712B	$1.738B	$813.0M
YoY Change	2.17%	7.62%	6.24%	0.84%	11.48%	208.04%	21.6%	4.22%	-1.89%	1.96%	-3.46%	-13.9%	-1.5%	113.78%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2012	2011	2010
Basic Shares Outstanding	36.50M shares	40.40M shares	42.50M shares	41.30M shares	43.90M shares	33.30M shares	27.10M shares	27.90M shares	33.67M shares	35.37M shares	34.40M shares	33.70M shares	33.70M shares
Diluted Shares Outstanding	43.50M shares	45.20M shares	43.30M shares	41.30M shares	44.50M shares	34.00M shares	27.70M shares	28.40M shares	34.64M shares	36.62M shares	36.20M shares	33.70M shares	33.70M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $2.5914 Billion

About Marriott Vacations Worldwide Corp

Marriott Vacations Worldwide Corp. is a global vacation company engaged in vacation ownership, exchange, rental and resort and property management, along with related businesses, products and services. The company is headquartered in Orlando, Florida and currently employs 22,000 full-time employees. The company went IPO on 2011-11-08. The firm's segments include Vacation Ownership, and Exchange & Third-Party Management. The Vacation Ownership segment develops, markets, sells, finances, rents, and manages vacation ownership and related products under its licensed brands. Its brands include Marriott Vacation Club, Sheraton Vacation Club, Westin Vacation Club, Grand Residences by Marriott, The Ritz-Carlton Residences and Hyatt Vacation Club. The Exchange & Third-Party Management segment is comprised of the Interval International and Aqua-Aston businesses. The Interval International business offers a variety of membership programs and travel related products and the Aqua-Aston business provides property management and rental services to property owners at approximately 25 resorts and lodging properties.

Industry: Real Estate Agents & Managers (For Others) Peers: Airbnb Inc Global Business Travel Group Inc Carnival Corp Choice Hotels International Inc Hilton Grand Vacations Inc Hyatt Hotels Corp Norwegian Cruise Line Holdings Ltd. Travel + Leisure Co Vacasa Inc Wyndham Hotels & Resorts Inc