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Side-by-side financial comparison of BELDEN INC. (BDC) 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 $696.4M, roughly 1.8× BELDEN INC.). BELDEN INC. runs the higher net margin — 7.3% vs -35.0%, a 42.3% gap on every dollar of revenue. On growth, BELDEN INC. posted the faster year-over-year revenue change (11.4% vs -0.7%). MARRIOTT VACATIONS WORLDWIDE Corp produced more free cash flow last quarter ($-6.0M vs $-63.1M). Over the past eight quarters, BELDEN INC.'s revenue compounded faster (7.3% CAGR vs 5.2%).
Belden Inc. is an American, multinational, publicly traded company specializing in the design, manufacture, and distribution of end-to-end networking, security and connectivity products. The company serves the Industrial Automation Solutions, Smart Buildings and Broadband & 5G markets.
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...
BDC vs VAC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $696.4M | $1.2B |
| Net Profit | $51.0M | $-431.0M |
| Gross Margin | 37.1% | — |
| Operating Margin | 11.2% | — |
| Net Margin | 7.3% | -35.0% |
| Revenue YoY | 11.4% | -0.7% |
| Net Profit YoY | -1.8% | -962.0% |
| EPS (diluted) | $1.30 | $-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 | $696.4M | — | ||
| Q4 25 | $720.1M | $1.2B | ||
| Q3 25 | $698.2M | $1.2B | ||
| Q2 25 | $672.0M | $1.2B | ||
| Q1 25 | $624.9M | $1.1B | ||
| Q4 24 | $666.0M | $1.2B | ||
| Q3 24 | $654.9M | $1.2B | ||
| Q2 24 | $604.3M | $1.1B |
| Q1 26 | $51.0M | — | ||
| Q4 25 | $67.9M | $-431.0M | ||
| Q3 25 | $56.7M | $-2.0M | ||
| Q2 25 | $61.0M | $69.0M | ||
| Q1 25 | $51.9M | $56.0M | ||
| Q4 24 | $58.4M | $50.0M | ||
| Q3 24 | $53.7M | $84.0M | ||
| Q2 24 | $49.0M | $37.0M |
| Q1 26 | 37.1% | — | ||
| Q4 25 | 36.6% | — | ||
| Q3 25 | 37.7% | — | ||
| Q2 25 | 38.5% | — | ||
| Q1 25 | 39.3% | — | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 37.3% | — | ||
| Q2 24 | 37.5% | — |
| Q1 26 | 11.2% | — | ||
| Q4 25 | 12.2% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 11.4% | — |
| Q1 26 | 7.3% | — | ||
| Q4 25 | 9.4% | -35.0% | ||
| Q3 25 | 8.1% | -0.2% | ||
| Q2 25 | 9.1% | 6.0% | ||
| Q1 25 | 8.3% | 5.0% | ||
| Q4 24 | 8.8% | 4.0% | ||
| Q3 24 | 8.2% | 6.9% | ||
| Q2 24 | 8.1% | 3.5% |
| Q1 26 | $1.30 | — | ||
| Q4 25 | $1.70 | $-12.00 | ||
| Q3 25 | $1.41 | $-0.07 | ||
| Q2 25 | $1.53 | $1.77 | ||
| Q1 25 | $1.27 | $1.46 | ||
| Q4 24 | $1.41 | $1.29 | ||
| Q3 24 | $1.30 | $2.12 | ||
| Q2 24 | $1.19 | $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 | $272.2M | $406.0M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.3B | $2.0B |
| Total Assets | — | $9.8B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $272.2M | — | ||
| Q4 25 | $389.9M | $406.0M | ||
| Q3 25 | $314.3M | $474.0M | ||
| Q2 25 | $301.5M | $205.0M | ||
| Q1 25 | $259.0M | $196.0M | ||
| Q4 24 | $370.3M | $197.0M | ||
| Q3 24 | $323.0M | $197.0M | ||
| Q2 24 | $564.8M | $206.0M |
| Q1 26 | $1.3B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $1.2B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | $3.5B | $9.8B | ||
| Q3 25 | $3.4B | $10.1B | ||
| Q2 25 | $3.4B | $9.9B | ||
| Q1 25 | $3.3B | $9.9B | ||
| Q4 24 | $3.3B | $9.8B | ||
| Q3 24 | $3.3B | $9.7B | ||
| Q2 24 | $3.5B | $9.6B |
| Q1 26 | 0.98× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $6.0M |
| Free Cash FlowOCF − Capex | $-63.1M | $-6.0M |
| FCF MarginFCF / Revenue | -9.1% | -0.5% |
| Capex IntensityCapex / Revenue | 6.4% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $180.4M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $160.4M | $6.0M | ||
| Q3 25 | $105.0M | $62.0M | ||
| Q2 25 | $82.0M | $-48.0M | ||
| Q1 25 | $7.4M | $8.0M | ||
| Q4 24 | $174.7M | $100.0M | ||
| Q3 24 | $91.7M | $72.0M | ||
| Q2 24 | $83.0M | $30.0M |
| Q1 26 | $-63.1M | — | ||
| Q4 25 | $121.3M | $-6.0M | ||
| Q3 25 | $65.3M | $51.0M | ||
| Q2 25 | $56.9M | $-68.0M | ||
| Q1 25 | $-24.8M | $-6.0M | ||
| Q4 24 | $116.4M | $86.0M | ||
| Q3 24 | $67.2M | $58.0M | ||
| Q2 24 | $61.0M | $17.0M |
| Q1 26 | -9.1% | — | ||
| Q4 25 | 16.8% | -0.5% | ||
| Q3 25 | 9.4% | 4.3% | ||
| Q2 25 | 8.5% | -5.9% | ||
| Q1 25 | -4.0% | -0.5% | ||
| Q4 24 | 17.5% | 6.9% | ||
| Q3 24 | 10.3% | 4.8% | ||
| Q2 24 | 10.1% | 1.6% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 5.4% | 1.0% | ||
| Q3 25 | 5.7% | 0.9% | ||
| Q2 25 | 3.7% | 1.7% | ||
| Q1 25 | 5.2% | 1.3% | ||
| Q4 24 | 8.8% | 1.1% | ||
| Q3 24 | 3.7% | 1.1% | ||
| Q2 24 | 3.6% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | — | ||
| Q2 25 | 1.34× | -0.70× | ||
| Q1 25 | 0.14× | 0.14× | ||
| Q4 24 | 2.99× | 2.00× | ||
| Q3 24 | 1.71× | 0.86× | ||
| Q2 24 | 1.69× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDC
Segment breakdown not available.
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% |
