VAC: Marriott Vacations Worldwide Corp Financial Statements

Balance sheet, income statement, and cash flow statements for Marriott Vacations Worldwide Corp (VAC).

OverviewDividends

$3.14B Market Cap.

As of 05/08/2025 5:00 PM ET (MRY) • Disclaimer

VAC Market Cap. (MRY)


VAC Shares Outstanding (MRY)


VAC Assets (MRY)


Total Assets

$9.81B

Total Liabilities

$7.37B

Total Investments

$0

VAC Income (MRY)


Revenue

$4.97B

Net Income

$218.00M

Operating Expense

$1.50B

VAC Cash Flow (MRY)


CF Operations

$205.00M

CF Investing

-$115.00M

CF Financing

-$132.00M

VAC Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$9,808,000,000 (1.32%)

$9,680,000,000 (0.43%)

$9,639,000,000 (0.27%)

$9,613,000,000 (8.04%)

Assets Current

-

-

-

-

Assets Non-Current

-

-

-

-

Goodwill & Intangible Assets

$3,907,000,000 (-1.61%)

$3,971,000,000 (-1.42%)

$4,028,000,000 (-2.78%)

$4,143,000,000 (9.92%)

Shareholders Equity

$2,442,000,000 (2.52%)

$2,382,000,000 (-4.57%)

$2,496,000,000 (-16.13%)

$2,976,000,000 (12.26%)

Property Plant & Equipment Net

$1,170,000,000 (-7.14%)

$1,260,000,000 (10.62%)

$1,139,000,000 (0.26%)

$1,136,000,000 (43.62%)

Cash & Equivalents

$528,000,000 (-8.01%)

$574,000,000 (-32.79%)

$854,000,000 (6.35%)

$803,000,000 (-19.05%)

Accumulated Other Comprehensive Income

-$8,000,000 (-150.00%)

$16,000,000 (6.67%)

$15,000,000 (193.75%)

-$16,000,000 (66.67%)

Deferred Revenue

$354,000,000 (-7.33%)

$382,000,000 (11.05%)

$344,000,000 (-24.06%)

$453,000,000 (-7.17%)

Total Investments

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Current

-

-

-

-

Investments Non-Current

-

-

-

-

Inventory

$735,000,000 (15.93%)

$634,000,000 (-3.94%)

$660,000,000 (-8.21%)

$719,000,000 (-5.27%)

Trade & Non-Trade Receivables

$2,827,000,000 (3.63%)

$2,728,000,000 (9.56%)

$2,490,000,000 (7.14%)

$2,324,000,000 (9.83%)

Trade & Non-Trade Payables

$343,000,000 (-5.25%)

$362,000,000 (1.69%)

$356,000,000 (34.34%)

$265,000,000 (26.79%)

Accumulated Retained Earnings (Deficit)

$852,000,000 (14.82%)

$742,000,000 (25.13%)

$593,000,000 (115.64%)

$275,000,000 (1.10%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$345,000,000 (23.21%)

$280,000,000 (-15.41%)

$331,000,000 (-5.43%)

$350,000,000 (27.74%)

Total Debt

$5,225,000,000 (1.55%)

$5,145,000,000 (2.37%)

$5,026,000,000 (12.01%)

$4,487,000,000 (5.13%)

Debt Current

-

-

-

-

Debt Non-Current

-

-

-

-

Total Liabilities

$7,367,000,000 (0.95%)

$7,298,000,000 (2.20%)

$7,141,000,000 (7.76%)

$6,627,000,000 (6.61%)

Liabilities Current

-

-

-

-

Liabilities Non-Current

-

-

-

-

VAC Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$4,967,000,000 (5.08%)

$4,727,000,000 (1.52%)

$4,656,000,000 (19.69%)

$3,890,000,000 (34.79%)

Cost of Revenue

$2,998,000,000 (7.38%)

$2,792,000,000 (9.19%)

$2,557,000,000 (9.70%)

$2,331,000,000 (11.26%)

Selling General & Administrative Expense

$1,162,000,000 (6.02%)

$1,096,000,000 (3.79%)

$1,056,000,000 (25.12%)

$844,000,000 (56.30%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$1,497,000,000 (4.25%)

$1,436,000,000 (-0.28%)

$1,440,000,000 (18.13%)

$1,219,000,000 (27.64%)

Interest Expense

$162,000,000 (11.72%)

$145,000,000 (22.88%)

$118,000,000 (-28.05%)

$164,000,000 (9.33%)

Income Tax Expense

$89,000,000 (-39.04%)

$146,000,000 (-23.56%)

$191,000,000 (158.11%)

$74,000,000 (188.10%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$217,000,000 (-13.89%)

$252,000,000 (-35.55%)

$391,000,000 (637.74%)

$53,000,000 (120.70%)

Net Income to Non-Controlling Interests

-$1,000,000 (50.00%)

-$2,000,000 (0%)

$0 (0%)

$4,000,000 (-78.95%)

Net Income

$218,000,000 (-14.17%)

$254,000,000 (-35.04%)

$391,000,000 (697.96%)

$49,000,000 (117.82%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$218,000,000 (-14.17%)

$254,000,000 (-35.04%)

$391,000,000 (697.96%)

$49,000,000 (117.82%)

Weighted Average Shares

$34,911,161 (-1.71%)

$35,517,203 (-7.31%)

$38,320,142 (-10.04%)

$42,595,068 (3.73%)

Weighted Average Shares Diluted

-

-

-

-

Earning Before Interest & Taxes (EBIT)

$469,000,000 (-13.94%)

$545,000,000 (-22.14%)

$700,000,000 (143.90%)

$287,000,000 (237.32%)

Gross Profit

$1,969,000,000 (1.76%)

$1,935,000,000 (-7.81%)

$2,099,000,000 (34.64%)

$1,559,000,000 (97.09%)

Operating Income

$472,000,000 (-5.41%)

$499,000,000 (-24.28%)

$659,000,000 (93.82%)

$340,000,000 (307.32%)

VAC Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$115,000,000 (-2.68%)

-$112,000,000 (-800.00%)

$16,000,000 (107.51%)

-$213,000,000 (-565.63%)

Net Cash Flow from Financing

-$132,000,000 (67.08%)

-$401,000,000 (17.49%)

-$486,000,000 (-53.31%)

-$317,000,000 (-1478.26%)

Net Cash Flow from Operations

$205,000,000 (-11.64%)

$232,000,000 (-55.56%)

$522,000,000 (52.19%)

$343,000,000 (14.72%)

Net Cash Flow / Change in Cash & Cash Equivalents

-$46,000,000 (83.57%)

-$280,000,000 (-649.02%)

$51,000,000 (126.98%)

-$189,000,000 (-164.95%)

Net Cash Flow - Business Acquisitions and Disposals

$8,000,000 (-50.00%)

$16,000,000 (-83.51%)

$97,000,000 (162.99%)

-$154,000,000 (-1126.67%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$107,000,000 (9.32%)

-$118,000,000 (-81.54%)

-$65,000,000 (-38.30%)

-$47,000,000 (-14.63%)

Issuance (Repayment) of Debt Securities

$39,000,000 (657.14%)

-$7,000,000 (-101.76%)

$398,000,000 (339.76%)

-$166,000,000 (-200.00%)

Issuance (Purchase) of Equity Shares

-$56,000,000 (80.42%)

-$286,000,000 (56.53%)

-$658,000,000 (-8125.00%)

-$8,000,000 (90.24%)

Payment of Dividends & Other Cash Distributions

-$107,000,000 (-0.94%)

-$106,000,000 (-7.07%)

-$99,000,000 (-330.43%)

-$23,000,000 (48.89%)

Effect of Exchange Rate Changes on Cash

-$4,000,000 (-500.00%)

$1,000,000 (200.00%)

-$1,000,000 (50.00%)

-$2,000,000 (-300.00%)

Share Based Compensation

$33,000,000 (6.45%)

$31,000,000 (-20.51%)

$39,000,000 (-23.53%)

$51,000,000 (41.67%)

Depreciation Amortization & Accretion

$146,000,000 (8.15%)

$135,000,000 (2.27%)

$132,000,000 (-9.59%)

$146,000,000 (18.70%)

VAC Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

39.60% (-3.18%)

40.90% (-9.31%)

45.10% (12.47%)

40.10% (46.35%)

Profit Margin

4.40% (-18.52%)

5.40% (-35.71%)

8.40% (546.15%)

1.30% (113.68%)

EBITDA Margin

12.40% (-13.89%)

14.40% (-19.55%)

17.90% (61.26%)

11.10% (470.00%)

Return on Average Equity (ROAE)

9.10% (-12.50%)

10.40% (-28.77%)

14.60% (758.82%)

1.70% (116.67%)

Return on Average Assets (ROAA)

2.20% (-18.52%)

2.70% (-34.15%)

4.10% (720.00%)

0.50% (116.67%)

Return on Sales (ROS)

9.40% (-18.26%)

11.50% (-23.33%)

15.00% (102.70%)

7.40% (202.78%)

Return on Invested Capital (ROIC)

4.40% (-18.52%)

5.40% (-28.00%)

7.50% (141.94%)

3.10% (229.17%)

Dividend Yield

3.40% (0.00%)

3.40% (78.95%)

1.90% (216.67%)

0.60% (50.00%)

Price to Earnings Ratio (P/E)

14.58 (19.52%)

12.2 (-12.19%)

13.89 (-90.55%)

146.94 (812.09%)

Price to Sales Ratio (P/S)

0.63 (-1.10%)

0.64 (-42.42%)

1.11 (-40.11%)

1.85 (-5.23%)

Price to Book Ratio (P/B)

1.28 (1.42%)

1.27 (-38.72%)

2.07 (-14.59%)

2.42 (13.84%)

Debt to Equity Ratio (D/E)

3.02 (-1.53%)

3.06 (7.10%)

2.86 (28.47%)

2.23 (-5.03%)

Earnings Per Share (EPS)

6.16 (-11.49%)

6.96 (-28.17%)

9.69 (742.61%)

1.15 (117.29%)

Sales Per Share (SPS)

142.28 (6.90%)

133.09 (9.54%)

121.5 (33.04%)

91.33 (29.94%)

Free Cash Flow Per Share (FCFPS)

2.81 (-12.55%)

3.21 (-73.08%)

11.93 (71.62%)

6.95 (10.60%)

Book Value Per Share (BVPS)

69.95 (4.30%)

67.07 (2.96%)

65.14 (-6.77%)

69.87 (8.22%)

Tangible Assets Book Value Per Share (TABVPS)

169.03 (5.16%)

160.74 (9.78%)

146.42 (14.02%)

128.42 (2.81%)

Enterprise Value Over EBIT (EV/EBIT)

17 (21.43%)

14 (7.69%)

13 (-64.86%)

37 (186.05%)

Enterprise Value Over EBITDA (EV/EBITDA)

12.8 (15.02%)

11.13 (0.96%)

11.03 (-55.40%)

24.72 (123.52%)

Asset Turnover

0.51 (2.83%)

0.49 (0.20%)

0.49 (23.19%)

0.4 (26.50%)

Current Ratio

-

-

-

-

Dividends

$3.07 (5.14%)

$2.92 (13.18%)

$2.58 (138.89%)

$1.08 (100.00%)

Free Cash Flow (FCF)

$98,000,000 (-14.04%)

$114,000,000 (-75.05%)

$457,000,000 (54.39%)

$296,000,000 (14.73%)

Enterprise Value (EV)

$7,874,022,258 (4.03%)

$7,569,055,363 (-17.48%)

$9,172,507,912 (-14.31%)

$10,704,714,591 (18.45%)

Earnings Before Tax (EBT)

$307,000,000 (-23.25%)

$400,000,000 (-31.27%)

$582,000,000 (373.17%)

$123,000,000 (134.26%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$615,000,000 (-9.56%)

$680,000,000 (-18.27%)

$832,000,000 (92.15%)

$433,000,000 (603.49%)

Invested Capital

$10,598,000,000 (3.09%)

$10,280,000,000 (5.08%)

$9,783,000,000 (6.87%)

$9,154,000,000 (8.91%)

Working Capital

-

-

-

-

Tangible Asset Value

$5,901,000,000 (3.36%)

$5,709,000,000 (1.75%)

$5,611,000,000 (2.58%)

$5,470,000,000 (6.65%)

Market Capitalization

$3,135,022,258 (3.98%)

$3,015,055,363 (-41.54%)

$5,157,507,912 (-28.35%)

$7,197,714,591 (27.74%)

Average Equity

$2,403,000,000 (-1.35%)

$2,436,000,000 (-8.77%)

$2,670,250,000 (-8.24%)

$2,910,000,000 (8.11%)

Average Assets

$9,756,500,000 (2.12%)

$9,554,250,000 (1.32%)

$9,429,750,000 (-2.68%)

$9,689,250,000 (6.31%)

Invested Capital Average

$10,563,250,000 (4.56%)

$10,102,500,000 (7.68%)

$9,381,750,000 (2.18%)

$9,181,250,000 (3.94%)

Shares

34,911,161 (-1.71%)

35,517,203 (-7.31%)

38,320,142 (-10.04%)

42,595,068 (3.73%)