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Side-by-side financial comparison of CARTERS INC (CRI) 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 $757.8M, roughly 1.6× CARTERS INC). CARTERS INC runs the higher net margin — 1.5% vs -35.0%, a 36.5% gap on every dollar of revenue. On growth, CARTERS INC posted the faster year-over-year revenue change (-0.1% vs -0.7%). MARRIOTT VACATIONS WORLDWIDE Corp produced more free cash flow last quarter ($-6.0M vs $-144.1M).
Carter's, Inc. is a major American designer and marketer of children's apparel. It was founded in 1865 by William Carter.
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...
CRI vs VAC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $757.8M | $1.2B |
| Net Profit | $11.6M | $-431.0M |
| Gross Margin | 45.1% | — |
| Operating Margin | 3.8% | — |
| Net Margin | 1.5% | -35.0% |
| Revenue YoY | -0.1% | -0.7% |
| Net Profit YoY | -80.1% | -962.0% |
| EPS (diluted) | $0.32 | $-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 | — | $1.2B | ||
| Q3 25 | $757.8M | $1.2B | ||
| Q2 25 | $585.3M | $1.2B | ||
| Q1 25 | $629.8M | $1.1B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | $-431.0M | ||
| Q3 25 | $11.6M | $-2.0M | ||
| Q2 25 | $446.0K | $69.0M | ||
| Q1 25 | $15.5M | $56.0M | ||
| Q4 24 | — | $50.0M | ||
| Q3 24 | — | $84.0M | ||
| Q2 24 | — | $37.0M | ||
| Q1 24 | — | $47.0M |
| Q4 25 | — | — | ||
| Q3 25 | 45.1% | — | ||
| Q2 25 | 48.1% | — | ||
| Q1 25 | 46.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 3.8% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -35.0% | ||
| Q3 25 | 1.5% | -0.2% | ||
| Q2 25 | 0.1% | 6.0% | ||
| Q1 25 | 2.5% | 5.0% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 6.9% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 4.2% |
| Q4 25 | — | $-12.00 | ||
| Q3 25 | $0.32 | $-0.07 | ||
| Q2 25 | $0.01 | $1.77 | ||
| Q1 25 | $0.43 | $1.46 | ||
| Q4 24 | — | $1.29 | ||
| Q3 24 | — | $2.12 | ||
| Q2 24 | — | $0.98 | ||
| Q1 24 | — | $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 | $184.2M | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $864.6M | $2.0B |
| Total Assets | $2.5B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $406.0M | ||
| Q3 25 | $184.2M | $474.0M | ||
| Q2 25 | $338.2M | $205.0M | ||
| Q1 25 | $320.8M | $196.0M | ||
| Q4 24 | — | $197.0M | ||
| Q3 24 | — | $197.0M | ||
| Q2 24 | — | $206.0M | ||
| Q1 24 | — | $237.0M |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $864.6M | $2.5B | ||
| Q2 25 | $853.9M | $2.5B | ||
| Q1 25 | $847.2M | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
| Q4 25 | — | $9.8B | ||
| Q3 25 | $2.5B | $10.1B | ||
| Q2 25 | $2.5B | $9.9B | ||
| Q1 25 | $2.3B | $9.9B | ||
| Q4 24 | — | $9.8B | ||
| Q3 24 | — | $9.7B | ||
| Q2 24 | — | $9.6B | ||
| Q1 24 | — | $9.9B |
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 | $-128.0M | $6.0M |
| Free Cash FlowOCF − Capex | $-144.1M | $-6.0M |
| FCF MarginFCF / Revenue | -19.0% | -0.5% |
| Capex IntensityCapex / Revenue | 2.1% | 1.0% |
| Cash ConversionOCF / Net Profit | -11.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $6.0M | ||
| Q3 25 | $-128.0M | $62.0M | ||
| Q2 25 | $40.3M | $-48.0M | ||
| Q1 25 | $-48.6M | $8.0M | ||
| Q4 24 | — | $100.0M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $30.0M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | — | $-6.0M | ||
| Q3 25 | $-144.1M | $51.0M | ||
| Q2 25 | $24.1M | $-68.0M | ||
| Q1 25 | $-59.0M | $-6.0M | ||
| Q4 24 | — | $86.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $17.0M | ||
| Q1 24 | — | $-13.0M |
| Q4 25 | — | -0.5% | ||
| Q3 25 | -19.0% | 4.3% | ||
| Q2 25 | 4.1% | -5.9% | ||
| Q1 25 | -9.4% | -0.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | 2.1% | 0.9% | ||
| Q2 25 | 2.8% | 1.7% | ||
| Q1 25 | 1.6% | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | -11.04× | — | ||
| Q2 25 | 90.37× | -0.70× | ||
| Q1 25 | -3.13× | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRI
| Sales Channel Directly To Consumer | $362.3M | 48% |
| Sales Channel Through Intermediary | $283.8M | 37% |
| Other | $110.4M | 15% |
| Gift Cards | $1.3M | 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% |
