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Side-by-side financial comparison of Avery Dennison (AVY) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $1.2B, roughly 1.9× MARRIOTT VACATIONS WORLDWIDE Corp). Avery Dennison runs the higher net margin — 7.3% vs -35.0%, a 42.3% gap on every dollar of revenue. On growth, Avery Dennison posted the faster year-over-year revenue change (7.0% vs -0.7%). Avery Dennison produced more free cash flow last quarter ($104.4M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs 1.4%).
Avery Dennison Corporation is an American multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.
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...
AVY vs VAC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.3B | $1.2B |
| Net Profit | $168.1M | $-431.0M |
| Gross Margin | 28.9% | — |
| Operating Margin | 10.7% | — |
| Net Margin | 7.3% | -35.0% |
| Revenue YoY | 7.0% | -0.7% |
| Net Profit YoY | 1.1% | -962.0% |
| EPS (diluted) | — | $-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 | $2.3B | — | ||
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.2B | $1.2B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.1B |
| Q1 26 | $168.1M | — | ||
| Q4 25 | $166.4M | $-431.0M | ||
| Q3 25 | $166.3M | $-2.0M | ||
| Q2 25 | $189.0M | $69.0M | ||
| Q1 25 | $166.3M | $56.0M | ||
| Q4 24 | $174.0M | $50.0M | ||
| Q3 24 | $181.7M | $84.0M | ||
| Q2 24 | $176.8M | $37.0M |
| Q1 26 | 28.9% | — | ||
| Q4 25 | 28.7% | — | ||
| Q3 25 | 28.7% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 28.9% | — | ||
| Q4 24 | 27.9% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 29.6% | — |
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.1% | — | ||
| Q3 25 | 10.6% | — | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 10.6% | — | ||
| Q4 24 | 11.0% | — | ||
| Q3 24 | 11.0% | — | ||
| Q2 24 | 10.7% | — |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.3% | -35.0% | ||
| Q3 25 | 7.5% | -0.2% | ||
| Q2 25 | 8.5% | 6.0% | ||
| Q1 25 | 7.7% | 5.0% | ||
| Q4 24 | 8.0% | 4.0% | ||
| Q3 24 | 8.3% | 6.9% | ||
| Q2 24 | 7.9% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | $2.16 | $-12.00 | ||
| Q3 25 | $2.13 | $-0.07 | ||
| Q2 25 | $2.41 | $1.77 | ||
| Q1 25 | $2.09 | $1.46 | ||
| Q4 24 | $2.17 | $1.29 | ||
| Q3 24 | $2.25 | $2.12 | ||
| Q2 24 | $2.18 | $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 | $255.1M | $406.0M |
| Total DebtLower is stronger | $3.2B | — |
| Stockholders' EquityBook value | $2.3B | $2.0B |
| Total Assets | $9.0B | $9.8B |
| Debt / EquityLower = less leverage | 1.38× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $255.1M | — | ||
| Q4 25 | $202.8M | $406.0M | ||
| Q3 25 | $536.3M | $474.0M | ||
| Q2 25 | $215.9M | $205.0M | ||
| Q1 25 | $195.9M | $196.0M | ||
| Q4 24 | $329.1M | $197.0M | ||
| Q3 24 | $212.7M | $197.0M | ||
| Q2 24 | $208.8M | $206.0M |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $2.6B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.2B | $2.5B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $2.2B | $2.4B | ||
| Q4 24 | $2.3B | $2.4B | ||
| Q3 24 | $2.4B | $2.4B | ||
| Q2 24 | $2.3B | $2.4B |
| Q1 26 | $9.0B | — | ||
| Q4 25 | $8.8B | $9.8B | ||
| Q3 25 | $8.9B | $10.1B | ||
| Q2 25 | $8.6B | $9.9B | ||
| Q1 25 | $8.4B | $9.9B | ||
| Q4 24 | $8.4B | $9.8B | ||
| Q3 24 | $8.5B | $9.7B | ||
| Q2 24 | $8.3B | $9.6B |
| Q1 26 | 1.38× | — | ||
| Q4 25 | 1.43× | — | ||
| Q3 25 | 1.45× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 1.19× | — | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 0.89× | — |
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 | $104.4M | $-6.0M |
| FCF MarginFCF / Revenue | 4.5% | -0.5% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $869.1M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $376.8M | $6.0M | ||
| Q3 25 | $312.1M | $62.0M | ||
| Q2 25 | $208.8M | $-48.0M | ||
| Q1 25 | $-16.3M | $8.0M | ||
| Q4 24 | $351.2M | $100.0M | ||
| Q3 24 | $270.1M | $72.0M | ||
| Q2 24 | $197.7M | $30.0M |
| Q1 26 | $104.4M | — | ||
| Q4 25 | $309.7M | $-6.0M | ||
| Q3 25 | $276.2M | $51.0M | ||
| Q2 25 | $178.8M | $-68.0M | ||
| Q1 25 | $-52.3M | $-6.0M | ||
| Q4 24 | $281.7M | $86.0M | ||
| Q3 24 | $227.1M | $58.0M | ||
| Q2 24 | $150.2M | $17.0M |
| Q1 26 | 4.5% | — | ||
| Q4 25 | 13.6% | -0.5% | ||
| Q3 25 | 12.5% | 4.3% | ||
| Q2 25 | 8.1% | -5.9% | ||
| Q1 25 | -2.4% | -0.5% | ||
| Q4 24 | 12.9% | 6.9% | ||
| Q3 24 | 10.4% | 4.8% | ||
| Q2 24 | 6.7% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 1.0% | ||
| Q3 25 | 1.6% | 0.9% | ||
| Q2 25 | 1.4% | 1.7% | ||
| Q1 25 | 1.7% | 1.3% | ||
| Q4 24 | 3.2% | 1.1% | ||
| Q3 24 | 2.0% | 1.1% | ||
| Q2 24 | 2.1% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.26× | — | ||
| Q3 25 | 1.88× | — | ||
| Q2 25 | 1.10× | -0.70× | ||
| Q1 25 | -0.10× | 0.14× | ||
| Q4 24 | 2.02× | 2.00× | ||
| Q3 24 | 1.49× | 0.86× | ||
| Q2 24 | 1.12× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVY
| Materials Group | $1.6B | 72% |
| Solutions Group | $649.2M | 28% |
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% |
