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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) 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 $748.2M, roughly 1.6× AMN HEALTHCARE SERVICES INC). AMN HEALTHCARE SERVICES INC runs the higher net margin — -1.0% vs -35.0%, a 34.0% gap on every dollar of revenue. On growth, AMN HEALTHCARE SERVICES INC posted the faster year-over-year revenue change (1.8% vs -0.7%). AMN HEALTHCARE SERVICES INC produced more free cash flow last quarter ($67.6M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs -4.5%).
AMN Healthcare Services Inc. is a leading US healthcare sector workforce solutions and staffing provider. It offers temporary and permanent placement for nurses, physicians, allied health and other clinical/non-clinical staff, plus workforce management tools and consulting for hospitals, clinics and other medical facilities.
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...
AMN vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $748.2M | $1.2B |
| Net Profit | $-7.7M | $-431.0M |
| Gross Margin | 26.1% | — |
| Operating Margin | 1.1% | — |
| Net Margin | -1.0% | -35.0% |
| Revenue YoY | 1.8% | -0.7% |
| Net Profit YoY | 95.9% | -962.0% |
| EPS (diluted) | $-0.19 | $-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.
| Q4 25 | $748.2M | $1.2B | ||
| Q3 25 | $634.5M | $1.2B | ||
| Q2 25 | $658.2M | $1.2B | ||
| Q1 25 | $689.5M | $1.1B | ||
| Q4 24 | $734.7M | $1.2B | ||
| Q3 24 | $687.5M | $1.2B | ||
| Q2 24 | $740.7M | $1.1B | ||
| Q1 24 | $820.9M | $1.1B |
| Q4 25 | $-7.7M | $-431.0M | ||
| Q3 25 | $29.3M | $-2.0M | ||
| Q2 25 | $-116.2M | $69.0M | ||
| Q1 25 | $-1.1M | $56.0M | ||
| Q4 24 | $-187.5M | $50.0M | ||
| Q3 24 | $7.0M | $84.0M | ||
| Q2 24 | $16.2M | $37.0M | ||
| Q1 24 | $17.3M | $47.0M |
| Q4 25 | 26.1% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 28.7% | — | ||
| Q4 24 | 29.8% | — | ||
| Q3 24 | 31.0% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 31.4% | — |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | -18.8% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | -27.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 4.9% | — |
| Q4 25 | -1.0% | -35.0% | ||
| Q3 25 | 4.6% | -0.2% | ||
| Q2 25 | -17.7% | 6.0% | ||
| Q1 25 | -0.2% | 5.0% | ||
| Q4 24 | -25.5% | 4.0% | ||
| Q3 24 | 1.0% | 6.9% | ||
| Q2 24 | 2.2% | 3.5% | ||
| Q1 24 | 2.1% | 4.2% |
| Q4 25 | $-0.19 | $-12.00 | ||
| Q3 25 | $0.76 | $-0.07 | ||
| Q2 25 | $-3.02 | $1.77 | ||
| Q1 25 | $-0.03 | $1.46 | ||
| Q4 24 | $-4.90 | $1.29 | ||
| Q3 24 | $0.18 | $2.12 | ||
| Q2 24 | $0.42 | $0.98 | ||
| Q1 24 | $0.45 | $1.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.0M | $406.0M |
| Total DebtLower is stronger | $767.1M | — |
| Stockholders' EquityBook value | $642.1M | $2.0B |
| Total Assets | $2.1B | $9.8B |
| Debt / EquityLower = less leverage | 1.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $406.0M | ||
| Q3 25 | $52.6M | $474.0M | ||
| Q2 25 | $41.5M | $205.0M | ||
| Q1 25 | $55.8M | $196.0M | ||
| Q4 24 | $10.6M | $197.0M | ||
| Q3 24 | $30.6M | $197.0M | ||
| Q2 24 | $48.0M | $206.0M | ||
| Q1 24 | $50.6M | $237.0M |
| Q4 25 | $767.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $642.1M | $2.0B | ||
| Q3 25 | $644.4M | $2.5B | ||
| Q2 25 | $607.6M | $2.5B | ||
| Q1 25 | $715.1M | $2.4B | ||
| Q4 24 | $706.6M | $2.4B | ||
| Q3 24 | $890.7M | $2.4B | ||
| Q2 24 | $876.9M | $2.4B | ||
| Q1 24 | $854.2M | $2.4B |
| Q4 25 | $2.1B | $9.8B | ||
| Q3 25 | $2.1B | $10.1B | ||
| Q2 25 | $2.2B | $9.9B | ||
| Q1 25 | $2.4B | $9.9B | ||
| Q4 24 | $2.4B | $9.8B | ||
| Q3 24 | $2.7B | $9.7B | ||
| Q2 24 | $2.8B | $9.6B | ||
| Q1 24 | $2.9B | $9.9B |
| Q4 25 | 1.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $75.6M | $6.0M |
| Free Cash FlowOCF − Capex | $67.6M | $-6.0M |
| FCF MarginFCF / Revenue | 9.0% | -0.5% |
| Capex IntensityCapex / Revenue | 1.1% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $233.8M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $6.0M | ||
| Q3 25 | $22.7M | $62.0M | ||
| Q2 25 | $78.5M | $-48.0M | ||
| Q1 25 | $92.7M | $8.0M | ||
| Q4 24 | $72.8M | $100.0M | ||
| Q3 24 | $66.7M | $72.0M | ||
| Q2 24 | $99.5M | $30.0M | ||
| Q1 24 | $81.4M | $3.0M |
| Q4 25 | $67.6M | $-6.0M | ||
| Q3 25 | $14.8M | $51.0M | ||
| Q2 25 | $68.7M | $-68.0M | ||
| Q1 25 | $82.7M | $-6.0M | ||
| Q4 24 | $56.6M | $86.0M | ||
| Q3 24 | $47.4M | $58.0M | ||
| Q2 24 | $72.2M | $17.0M | ||
| Q1 24 | $63.2M | $-13.0M |
| Q4 25 | 9.0% | -0.5% | ||
| Q3 25 | 2.3% | 4.3% | ||
| Q2 25 | 10.4% | -5.9% | ||
| Q1 25 | 12.0% | -0.5% | ||
| Q4 24 | 7.7% | 6.9% | ||
| Q3 24 | 6.9% | 4.8% | ||
| Q2 24 | 9.8% | 1.6% | ||
| Q1 24 | 7.7% | -1.2% |
| Q4 25 | 1.1% | 1.0% | ||
| Q3 25 | 1.2% | 0.9% | ||
| Q2 25 | 1.5% | 1.7% | ||
| Q1 25 | 1.4% | 1.3% | ||
| Q4 24 | 2.2% | 1.1% | ||
| Q3 24 | 2.8% | 1.1% | ||
| Q2 24 | 3.7% | 1.2% | ||
| Q1 24 | 2.2% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | 9.54× | 0.86× | ||
| Q2 24 | 6.13× | 0.81× | ||
| Q1 24 | 4.70× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 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% |
