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Side-by-side financial comparison of BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) 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 $733.7M, roughly 1.7× BRIGHT HORIZONS FAMILY SOLUTIONS INC.). On growth, BRIGHT HORIZONS FAMILY SOLUTIONS INC. posted the faster year-over-year revenue change (8.8% vs -0.7%). BRIGHT HORIZONS FAMILY SOLUTIONS INC. produced more free cash flow last quarter ($258.5M vs $-6.0M). Over the past eight quarters, BRIGHT HORIZONS FAMILY SOLUTIONS INC.'s revenue compounded faster (8.5% CAGR vs 5.2%).
Bright Horizons Family Solutions Inc. is a United States–based child-care provider and is the largest provider of employer-sponsored child care. It also provides back-up child care and elder care, tuition program management, education advising, and student loan repayment programs. It is headquartered in Newton, Massachusetts.
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...
BFAM vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $733.7M | $1.2B |
| Net Profit | — | $-431.0M |
| Gross Margin | 19.3% | — |
| Operating Margin | 6.2% | — |
| Net Margin | — | -35.0% |
| Revenue YoY | 8.8% | -0.7% |
| Net Profit YoY | — | -962.0% |
| EPS (diluted) | $0.38 | $-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 | $733.7M | $1.2B | ||
| Q3 25 | $802.8M | $1.2B | ||
| Q2 25 | $731.6M | $1.2B | ||
| Q1 25 | $665.5M | $1.1B | ||
| Q4 24 | $674.1M | $1.2B | ||
| Q3 24 | $719.1M | $1.2B | ||
| Q2 24 | $670.1M | $1.1B | ||
| Q1 24 | $622.7M | $1.1B |
| Q4 25 | — | $-431.0M | ||
| Q3 25 | $78.6M | $-2.0M | ||
| Q2 25 | $54.8M | $69.0M | ||
| Q1 25 | $38.0M | $56.0M | ||
| Q4 24 | — | $50.0M | ||
| Q3 24 | $54.9M | $84.0M | ||
| Q2 24 | $39.2M | $37.0M | ||
| Q1 24 | $17.0M | $47.0M |
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | — | ||
| Q2 25 | 25.0% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 21.7% | — |
| Q4 25 | 6.2% | — | ||
| Q3 25 | 15.1% | — | ||
| Q2 25 | 11.8% | — | ||
| Q1 25 | 9.4% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | 6.4% | — |
| Q4 25 | — | -35.0% | ||
| Q3 25 | 9.8% | -0.2% | ||
| Q2 25 | 7.5% | 6.0% | ||
| Q1 25 | 5.7% | 5.0% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | 7.6% | 6.9% | ||
| Q2 24 | 5.8% | 3.5% | ||
| Q1 24 | 2.7% | 4.2% |
| Q4 25 | $0.38 | $-12.00 | ||
| Q3 25 | $1.37 | $-0.07 | ||
| Q2 25 | $0.95 | $1.77 | ||
| Q1 25 | $0.66 | $1.46 | ||
| Q4 24 | $0.50 | $1.29 | ||
| Q3 24 | $0.94 | $2.12 | ||
| Q2 24 | $0.67 | $0.98 | ||
| Q1 24 | $0.29 | $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 | $140.1M | $406.0M |
| Total DebtLower is stronger | $747.6M | — |
| Stockholders' EquityBook value | $1.3B | $2.0B |
| Total Assets | $3.9B | $9.8B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $140.1M | $406.0M | ||
| Q3 25 | $116.6M | $474.0M | ||
| Q2 25 | $179.2M | $205.0M | ||
| Q1 25 | $112.0M | $196.0M | ||
| Q4 24 | $110.3M | $197.0M | ||
| Q3 24 | $109.9M | $197.0M | ||
| Q2 24 | $140.2M | $206.0M | ||
| Q1 24 | $63.7M | $237.0M |
| Q4 25 | $747.6M | — | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $797.0M | — | ||
| Q1 25 | $872.7M | — | ||
| Q4 24 | $918.4M | — | ||
| Q3 24 | $925.7M | — | ||
| Q2 24 | $931.9M | — | ||
| Q1 24 | $938.1M | — |
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.4B | $2.5B | ||
| Q1 25 | $1.3B | $2.4B | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $1.4B | $2.4B | ||
| Q2 24 | $1.3B | $2.4B | ||
| Q1 24 | $1.2B | $2.4B |
| Q4 25 | $3.9B | $9.8B | ||
| Q3 25 | $3.9B | $10.1B | ||
| Q2 25 | $3.9B | $9.9B | ||
| Q1 25 | $3.8B | $9.9B | ||
| Q4 24 | $3.9B | $9.8B | ||
| Q3 24 | $3.9B | $9.7B | ||
| Q2 24 | $3.8B | $9.6B | ||
| Q1 24 | $3.8B | $9.9B |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | — |
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 | $350.7M | $6.0M |
| Free Cash FlowOCF − Capex | $258.5M | $-6.0M |
| FCF MarginFCF / Revenue | 35.2% | -0.5% |
| Capex IntensityCapex / Revenue | 12.6% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $402.4M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $350.7M | $6.0M | ||
| Q3 25 | $-17.6M | $62.0M | ||
| Q2 25 | $134.2M | $-48.0M | ||
| Q1 25 | $86.2M | $8.0M | ||
| Q4 24 | $337.5M | $100.0M | ||
| Q3 24 | $-8.9M | $72.0M | ||
| Q2 24 | $109.4M | $30.0M | ||
| Q1 24 | $116.3M | $3.0M |
| Q4 25 | $258.5M | $-6.0M | ||
| Q3 25 | $-42.4M | $51.0M | ||
| Q2 25 | $115.4M | $-68.0M | ||
| Q1 25 | $70.9M | $-6.0M | ||
| Q4 24 | $240.2M | $86.0M | ||
| Q3 24 | $-32.2M | $58.0M | ||
| Q2 24 | $86.8M | $17.0M | ||
| Q1 24 | $96.9M | $-13.0M |
| Q4 25 | 35.2% | -0.5% | ||
| Q3 25 | -5.3% | 4.3% | ||
| Q2 25 | 15.8% | -5.9% | ||
| Q1 25 | 10.7% | -0.5% | ||
| Q4 24 | 35.6% | 6.9% | ||
| Q3 24 | -4.5% | 4.8% | ||
| Q2 24 | 13.0% | 1.6% | ||
| Q1 24 | 15.6% | -1.2% |
| Q4 25 | 12.6% | 1.0% | ||
| Q3 25 | 3.1% | 0.9% | ||
| Q2 25 | 2.6% | 1.7% | ||
| Q1 25 | 2.3% | 1.3% | ||
| Q4 24 | 14.4% | 1.1% | ||
| Q3 24 | 3.2% | 1.1% | ||
| Q2 24 | 3.4% | 1.2% | ||
| Q1 24 | 3.1% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | — | ||
| Q2 25 | 2.45× | -0.70× | ||
| Q1 25 | 2.26× | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | -0.16× | 0.86× | ||
| Q2 24 | 2.79× | 0.81× | ||
| Q1 24 | 6.85× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFAM
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% |
