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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
MARRIOTT VACATIONS WORLDWIDE Corp is the larger business by last-quarter revenue ($1.2B vs $732.4M, roughly 1.7× Allegiant Travel CO). Allegiant Travel CO runs the higher net margin — 5.8% vs -35.0%, a 40.8% gap on every dollar of revenue. On growth, Allegiant Travel CO posted the faster year-over-year revenue change (4.8% vs -0.7%). Over the past eight quarters, Allegiant Travel CO's revenue compounded faster (11.0% CAGR vs 5.2%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. Marriott Vacations Worldwide runs more than 120 resorts with over 700,000 Owners and members in a diverse portfolio of brands under The Marriott Vacation Clubs name. Its brands include Marriott Vacation Club, The Marriott Vaca...
ALGT vs VAC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $732.4M | $1.2B |
| Net Profit | $42.5M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | 11.1% | — |
| Net Margin | 5.8% | -35.0% |
| Revenue YoY | 4.8% | -0.7% |
| Net Profit YoY | 32.4% | -962.0% |
| EPS (diluted) | $2.30 | $-12.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $732.4M | — | ||
| Q4 25 | $595.5M | $1.2B | ||
| Q3 25 | $494.1M | $1.2B | ||
| Q2 25 | $617.9M | $1.2B | ||
| Q1 25 | $616.8M | $1.1B | ||
| Q4 24 | $553.6M | $1.2B | ||
| Q3 24 | $489.0M | $1.2B | ||
| Q2 24 | $594.5M | $1.1B |
| Q1 26 | $42.5M | — | ||
| Q4 25 | $31.9M | $-431.0M | ||
| Q3 25 | $-43.6M | $-2.0M | ||
| Q2 25 | $-65.2M | $69.0M | ||
| Q1 25 | $32.1M | $56.0M | ||
| Q4 24 | $-216.2M | $50.0M | ||
| Q3 24 | $-36.8M | $84.0M | ||
| Q2 24 | $13.7M | $37.0M |
| Q1 26 | 11.1% | — | ||
| Q4 25 | 11.2% | — | ||
| Q3 25 | -5.5% | — | ||
| Q2 25 | -10.9% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | -47.7% | — | ||
| Q3 24 | -5.4% | — | ||
| Q2 24 | 5.9% | — |
| Q1 26 | 5.8% | — | ||
| Q4 25 | 5.4% | -35.0% | ||
| Q3 25 | -8.8% | -0.2% | ||
| Q2 25 | -10.5% | 6.0% | ||
| Q1 25 | 5.2% | 5.0% | ||
| Q4 24 | -39.1% | 4.0% | ||
| Q3 24 | -7.5% | 6.9% | ||
| Q2 24 | 2.3% | 3.5% |
| Q1 26 | $2.30 | — | ||
| Q4 25 | $1.82 | $-12.00 | ||
| Q3 25 | $-2.41 | $-0.07 | ||
| Q2 25 | $-3.62 | $1.77 | ||
| Q1 25 | $1.73 | $1.46 | ||
| Q4 24 | $-12.12 | $1.29 | ||
| Q3 24 | $-2.05 | $2.12 | ||
| Q2 24 | $0.75 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $902.1M | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.0B |
| Total Assets | — | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $902.1M | — | ||
| Q4 25 | $805.7M | $406.0M | ||
| Q3 25 | $956.7M | $474.0M | ||
| Q2 25 | $842.8M | $205.0M | ||
| Q1 25 | $878.6M | $196.0M | ||
| Q4 24 | $781.1M | $197.0M | ||
| Q3 24 | $759.3M | $197.0M | ||
| Q2 24 | $791.9M | $206.0M |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.7B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $1.0B | $2.5B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.3B | $2.4B | ||
| Q2 24 | $1.3B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | $4.2B | $9.8B | ||
| Q3 25 | $4.4B | $10.1B | ||
| Q2 25 | $4.4B | $9.9B | ||
| Q1 25 | $4.5B | $9.9B | ||
| Q4 24 | $4.4B | $9.8B | ||
| Q3 24 | $4.8B | $9.7B | ||
| Q2 24 | $4.9B | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 1.68× | — | ||
| Q1 25 | 1.57× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 1.30× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $6.0M |
| Free Cash FlowOCF − Capex | — | $-6.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $112.2M | $6.0M | ||
| Q3 25 | $-6.1M | $62.0M | ||
| Q2 25 | $92.2M | $-48.0M | ||
| Q1 25 | $191.4M | $8.0M | ||
| Q4 24 | $84.4M | $100.0M | ||
| Q3 24 | $17.3M | $72.0M | ||
| Q2 24 | $68.9M | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | $90.4M | $-6.0M | ||
| Q3 25 | $-121.7M | $51.0M | ||
| Q2 25 | $-10.5M | $-68.0M | ||
| Q1 25 | $116.9M | $-6.0M | ||
| Q4 24 | $24.0M | $86.0M | ||
| Q3 24 | $-28.7M | $58.0M | ||
| Q2 24 | $7.0M | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | 15.2% | -0.5% | ||
| Q3 25 | -24.6% | 4.3% | ||
| Q2 25 | -1.7% | -5.9% | ||
| Q1 25 | 19.0% | -0.5% | ||
| Q4 24 | 4.3% | 6.9% | ||
| Q3 24 | -5.9% | 4.8% | ||
| Q2 24 | 1.2% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.7% | 1.0% | ||
| Q3 25 | 23.4% | 0.9% | ||
| Q2 25 | 16.6% | 1.7% | ||
| Q1 25 | 12.1% | 1.3% | ||
| Q4 24 | 10.9% | 1.1% | ||
| Q3 24 | 9.4% | 1.1% | ||
| Q2 24 | 10.4% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.51× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | 5.96× | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | 5.03× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Passenger | $671.8M | 92% |
| Third party products | $42.3M | 6% |
| Fixed fee contracts | $18.1M | 2% |
| Resort and other | $175.0K | 0% |
VAC
| Cost Reimbursement | $467.0M | 38% |
| Time Share | $381.0M | 31% |
| Management And Exchange | $212.0M | 17% |
| Ancillary Revenues | $64.0M | 5% |
| Management Service | $55.0M | 4% |
| Service Other | $36.0M | 3% |
