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Side-by-side financial comparison of CONDUENT Inc (CNDT) 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 $770.0M, roughly 1.6× CONDUENT Inc). CONDUENT Inc runs the higher net margin — -4.3% vs -35.0%, a 30.7% gap on every dollar of revenue. On growth, MARRIOTT VACATIONS WORLDWIDE Corp posted the faster year-over-year revenue change (-0.7% vs -3.8%). CONDUENT Inc produced more free cash flow last quarter ($24.0M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs -8.6%).
Conduent Inc. is an American business services provider company headquartered in Florham Park, New Jersey. It was formed in 2017 as a divestiture from Xerox. The company offers digital platforms for businesses and governments. As of 2026, it has over 54,000 employees working across 24 countries.
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...
CNDT vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $770.0M | $1.2B |
| Net Profit | $-33.0M | $-431.0M |
| Gross Margin | 19.0% | — |
| Operating Margin | -3.6% | — |
| Net Margin | -4.3% | -35.0% |
| Revenue YoY | -3.8% | -0.7% |
| Net Profit YoY | -175.0% | -962.0% |
| EPS (diluted) | $-0.25 | $-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 | $770.0M | $1.2B | ||
| Q3 25 | $767.0M | $1.2B | ||
| Q2 25 | $754.0M | $1.2B | ||
| Q1 25 | $751.0M | $1.1B | ||
| Q4 24 | $800.0M | $1.2B | ||
| Q3 24 | $807.0M | $1.2B | ||
| Q2 24 | $828.0M | $1.1B | ||
| Q1 24 | $921.0M | $1.1B |
| Q4 25 | $-33.0M | $-431.0M | ||
| Q3 25 | $-46.0M | $-2.0M | ||
| Q2 25 | $-40.0M | $69.0M | ||
| Q1 25 | $-51.0M | $56.0M | ||
| Q4 24 | $-12.0M | $50.0M | ||
| Q3 24 | $123.0M | $84.0M | ||
| Q2 24 | $216.0M | $37.0M | ||
| Q1 24 | $99.0M | $47.0M |
| Q4 25 | 19.0% | — | ||
| Q3 25 | 17.7% | — | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 17.7% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 18.7% | — | ||
| Q2 24 | 18.2% | — | ||
| Q1 24 | 20.2% | — |
| Q4 25 | -3.6% | — | ||
| Q3 25 | -5.0% | — | ||
| Q2 25 | -5.0% | — | ||
| Q1 25 | -7.5% | — | ||
| Q4 24 | -10.3% | — | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 36.2% | — | ||
| Q1 24 | 13.8% | — |
| Q4 25 | -4.3% | -35.0% | ||
| Q3 25 | -6.0% | -0.2% | ||
| Q2 25 | -5.3% | 6.0% | ||
| Q1 25 | -6.8% | 5.0% | ||
| Q4 24 | -1.5% | 4.0% | ||
| Q3 24 | 15.2% | 6.9% | ||
| Q2 24 | 26.1% | 3.5% | ||
| Q1 24 | 10.7% | 4.2% |
| Q4 25 | $-0.25 | $-12.00 | ||
| Q3 25 | $-0.30 | $-0.07 | ||
| Q2 25 | $-0.26 | $1.77 | ||
| Q1 25 | $-0.33 | $1.46 | ||
| Q4 24 | $-0.02 | $1.29 | ||
| Q3 24 | $0.72 | $2.12 | ||
| Q2 24 | $1.07 | $0.98 | ||
| Q1 24 | $0.46 | $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 | $233.0M | $406.0M |
| Total DebtLower is stronger | $665.0M | — |
| Stockholders' EquityBook value | $685.0M | $2.0B |
| Total Assets | $2.4B | $9.8B |
| Debt / EquityLower = less leverage | 0.97× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $233.0M | $406.0M | ||
| Q3 25 | $248.0M | $474.0M | ||
| Q2 25 | $275.0M | $205.0M | ||
| Q1 25 | $277.0M | $196.0M | ||
| Q4 24 | $366.0M | $197.0M | ||
| Q3 24 | $393.0M | $197.0M | ||
| Q2 24 | $300.0M | $206.0M | ||
| Q1 24 | $415.0M | $237.0M |
| Q4 25 | $665.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $615.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $685.0M | $2.0B | ||
| Q3 25 | $717.0M | $2.5B | ||
| Q2 25 | $777.0M | $2.5B | ||
| Q1 25 | $800.0M | $2.4B | ||
| Q4 24 | $839.0M | $2.4B | ||
| Q3 24 | $877.0M | $2.4B | ||
| Q2 24 | $751.0M | $2.4B | ||
| Q1 24 | $701.0M | $2.4B |
| Q4 25 | $2.4B | $9.8B | ||
| Q3 25 | $2.5B | $10.1B | ||
| Q2 25 | $2.5B | $9.9B | ||
| Q1 25 | $2.5B | $9.9B | ||
| Q4 24 | $2.6B | $9.8B | ||
| Q3 24 | $2.8B | $9.7B | ||
| Q2 24 | $2.8B | $9.6B | ||
| Q1 24 | $3.1B | $9.9B |
| Q4 25 | 0.97× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.73× | — | ||
| 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 | $39.0M | $6.0M |
| Free Cash FlowOCF − Capex | $24.0M | $-6.0M |
| FCF MarginFCF / Revenue | 3.1% | -0.5% |
| Capex IntensityCapex / Revenue | 1.9% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-132.0M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.0M | $6.0M | ||
| Q3 25 | $-39.0M | $62.0M | ||
| Q2 25 | $-15.0M | $-48.0M | ||
| Q1 25 | $-58.0M | $8.0M | ||
| Q4 24 | $41.0M | $100.0M | ||
| Q3 24 | $-13.0M | $72.0M | ||
| Q2 24 | $-41.0M | $30.0M | ||
| Q1 24 | $-37.0M | $3.0M |
| Q4 25 | $24.0M | $-6.0M | ||
| Q3 25 | $-54.0M | $51.0M | ||
| Q2 25 | $-30.0M | $-68.0M | ||
| Q1 25 | $-72.0M | $-6.0M | ||
| Q4 24 | $30.0M | $86.0M | ||
| Q3 24 | $-21.0M | $58.0M | ||
| Q2 24 | $-59.0M | $17.0M | ||
| Q1 24 | $-50.0M | $-13.0M |
| Q4 25 | 3.1% | -0.5% | ||
| Q3 25 | -7.0% | 4.3% | ||
| Q2 25 | -4.0% | -5.9% | ||
| Q1 25 | -9.6% | -0.5% | ||
| Q4 24 | 3.8% | 6.9% | ||
| Q3 24 | -2.6% | 4.8% | ||
| Q2 24 | -7.1% | 1.6% | ||
| Q1 24 | -5.4% | -1.2% |
| Q4 25 | 1.9% | 1.0% | ||
| Q3 25 | 2.0% | 0.9% | ||
| Q2 25 | 2.0% | 1.7% | ||
| Q1 25 | 1.9% | 1.3% | ||
| Q4 24 | 1.4% | 1.1% | ||
| Q3 24 | 1.0% | 1.1% | ||
| Q2 24 | 2.2% | 1.2% | ||
| Q1 24 | 1.4% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | -0.11× | 0.86× | ||
| Q2 24 | -0.19× | 0.81× | ||
| Q1 24 | -0.37× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CNDT
| Government Segment | $230.0M | 30% |
| Integrated Digital Solutions | $134.0M | 17% |
| Customer Experience Management | $127.0M | 16% |
| B Paa S | $116.0M | 15% |
| Government Services Solutions | $93.0M | 12% |
| Transferred At Point In Time | $36.0M | 5% |
| Other | $34.0M | 4% |
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% |
