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Side-by-side financial comparison of Douglas Elliman Inc. (DOUG) 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 $245.4M, roughly 5.0× Douglas Elliman Inc.). Douglas Elliman Inc. runs the higher net margin — 27.9% vs -35.0%, a 62.9% gap on every dollar of revenue. On growth, Douglas Elliman Inc. posted the faster year-over-year revenue change (0.9% vs -0.7%). MARRIOTT VACATIONS WORLDWIDE Corp produced more free cash flow last quarter ($-6.0M vs $-14.7M). Over the past eight quarters, Douglas Elliman Inc.'s revenue compounded faster (10.7% CAGR vs 5.2%).
Douglas Elliman Inc. is a leading U.S.-based residential real estate brokerage firm. It offers luxury property sales, rentals, property management, and advisory solutions, serving high-net-worth clients across key metro markets including New York, California, Florida, and Texas.
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...
DOUG vs VAC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $245.4M | $1.2B |
| Net Profit | $68.6M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | 27.3% | — |
| Net Margin | 27.9% | -35.0% |
| Revenue YoY | 0.9% | -0.7% |
| Net Profit YoY | 1243.4% | -962.0% |
| EPS (diluted) | $0.80 | $-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 | $245.4M | $1.2B | ||
| Q3 25 | $262.8M | $1.2B | ||
| Q2 25 | $271.4M | $1.2B | ||
| Q1 25 | $253.4M | $1.1B | ||
| Q4 24 | $243.3M | $1.2B | ||
| Q3 24 | $266.3M | $1.2B | ||
| Q2 24 | $285.8M | $1.1B | ||
| Q1 24 | $200.2M | $1.1B |
| Q4 25 | $68.6M | $-431.0M | ||
| Q3 25 | $-24.7M | $-2.0M | ||
| Q2 25 | $-22.7M | $69.0M | ||
| Q1 25 | $-6.0M | $56.0M | ||
| Q4 24 | $-6.0M | $50.0M | ||
| Q3 24 | $-27.2M | $84.0M | ||
| Q2 24 | $-1.7M | $37.0M | ||
| Q1 24 | $-41.5M | $47.0M |
| Q4 25 | 27.3% | — | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | -2.0% | — | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | -6.7% | — | ||
| Q3 24 | -2.8% | — | ||
| Q2 24 | -1.3% | — | ||
| Q1 24 | -20.7% | — |
| Q4 25 | 27.9% | -35.0% | ||
| Q3 25 | -9.4% | -0.2% | ||
| Q2 25 | -8.4% | 6.0% | ||
| Q1 25 | -2.4% | 5.0% | ||
| Q4 24 | -2.5% | 4.0% | ||
| Q3 24 | -10.2% | 6.9% | ||
| Q2 24 | -0.6% | 3.5% | ||
| Q1 24 | -20.7% | 4.2% |
| Q4 25 | $0.80 | $-12.00 | ||
| Q3 25 | $-0.29 | $-0.07 | ||
| Q2 25 | $-0.27 | $1.77 | ||
| Q1 25 | $-0.07 | $1.46 | ||
| Q4 24 | $-0.06 | $1.29 | ||
| Q3 24 | $-0.33 | $2.12 | ||
| Q2 24 | $-0.02 | $0.98 | ||
| Q1 24 | $-0.50 | $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 | $115.5M | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $183.9M | $2.0B |
| Total Assets | $444.4M | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $115.5M | $406.0M | ||
| Q3 25 | $143.0M | $474.0M | ||
| Q2 25 | $136.3M | $205.0M | ||
| Q1 25 | $136.8M | $196.0M | ||
| Q4 24 | $145.5M | $197.0M | ||
| Q3 24 | $151.4M | $197.0M | ||
| Q2 24 | $92.9M | $206.0M | ||
| Q1 24 | $91.5M | $237.0M |
| Q4 25 | $183.9M | $2.0B | ||
| Q3 25 | $115.1M | $2.5B | ||
| Q2 25 | $137.6M | $2.5B | ||
| Q1 25 | $158.2M | $2.4B | ||
| Q4 24 | $162.2M | $2.4B | ||
| Q3 24 | $173.6M | $2.4B | ||
| Q2 24 | $196.9M | $2.4B | ||
| Q1 24 | $195.1M | $2.4B |
| Q4 25 | $444.4M | $9.8B | ||
| Q3 25 | $480.6M | $10.1B | ||
| Q2 25 | $489.0M | $9.9B | ||
| Q1 25 | $493.9M | $9.9B | ||
| Q4 24 | $493.9M | $9.8B | ||
| Q3 24 | $502.7M | $9.7B | ||
| Q2 24 | $463.9M | $9.6B | ||
| Q1 24 | $461.1M | $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 | $-14.4M | $6.0M |
| Free Cash FlowOCF − Capex | $-14.7M | $-6.0M |
| FCF MarginFCF / Revenue | -6.0% | -0.5% |
| Capex IntensityCapex / Revenue | 0.1% | 1.0% |
| Cash ConversionOCF / Net Profit | -0.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.2M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-14.4M | $6.0M | ||
| Q3 25 | $5.5M | $62.0M | ||
| Q2 25 | $642.0K | $-48.0M | ||
| Q1 25 | $-5.6M | $8.0M | ||
| Q4 24 | $-9.0M | $100.0M | ||
| Q3 24 | $9.0M | $72.0M | ||
| Q2 24 | $1.3M | $30.0M | ||
| Q1 24 | $-27.3M | $3.0M |
| Q4 25 | $-14.7M | $-6.0M | ||
| Q3 25 | $4.7M | $51.0M | ||
| Q2 25 | $-575.0K | $-68.0M | ||
| Q1 25 | $-6.7M | $-6.0M | ||
| Q4 24 | $-10.2M | $86.0M | ||
| Q3 24 | $7.7M | $58.0M | ||
| Q2 24 | $432.0K | $17.0M | ||
| Q1 24 | $-29.4M | $-13.0M |
| Q4 25 | -6.0% | -0.5% | ||
| Q3 25 | 1.8% | 4.3% | ||
| Q2 25 | -0.2% | -5.9% | ||
| Q1 25 | -2.6% | -0.5% | ||
| Q4 24 | -4.2% | 6.9% | ||
| Q3 24 | 2.9% | 4.8% | ||
| Q2 24 | 0.2% | 1.6% | ||
| Q1 24 | -14.7% | -1.2% |
| Q4 25 | 0.1% | 1.0% | ||
| Q3 25 | 0.3% | 0.9% | ||
| Q2 25 | 0.4% | 1.7% | ||
| Q1 25 | 0.4% | 1.3% | ||
| Q4 24 | 0.5% | 1.1% | ||
| Q3 24 | 0.5% | 1.1% | ||
| Q2 24 | 0.3% | 1.2% | ||
| Q1 24 | 1.0% | 1.4% |
| Q4 25 | -0.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | — | 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
DOUG
| Commissions And Other Brokerage Income | $240.3M | 98% |
| Property Management Income | $2.8M | 1% |
| Property Management | $2.2M | 1% |
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% |
