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Side-by-side financial comparison of ESAB Corp (ESAB) 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 $727.8M, roughly 1.7× ESAB Corp). ESAB Corp runs the higher net margin — 7.5% vs -35.0%, a 42.5% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (8.5% vs -0.7%). ESAB Corp produced more free cash flow last quarter ($70.3M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs 2.8%).
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
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...
ESAB vs VAC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $727.8M | $1.2B |
| Net Profit | $54.8M | $-431.0M |
| Gross Margin | 37.0% | — |
| Operating Margin | 14.6% | — |
| Net Margin | 7.5% | -35.0% |
| Revenue YoY | 8.5% | -0.7% |
| Net Profit YoY | 2.1% | -962.0% |
| EPS (diluted) | $0.90 | $-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 | $727.8M | $1.2B | ||
| Q3 25 | $715.6M | $1.2B | ||
| Q2 25 | $678.1M | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $670.8M | $1.2B | ||
| Q3 24 | $673.3M | $1.2B | ||
| Q2 24 | $707.1M | $1.1B | ||
| Q1 24 | $689.7M | $1.1B |
| Q4 25 | $54.8M | $-431.0M | ||
| Q3 25 | $66.9M | $-2.0M | ||
| Q2 25 | $67.4M | $69.0M | ||
| Q1 25 | — | $56.0M | ||
| Q4 24 | $53.7M | $50.0M | ||
| Q3 24 | $68.2M | $84.0M | ||
| Q2 24 | $82.9M | $37.0M | ||
| Q1 24 | $60.0M | $47.0M |
| Q4 25 | 37.0% | — | ||
| Q3 25 | 37.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 38.5% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 38.2% | — | ||
| Q1 24 | 37.0% | — |
| Q4 25 | 14.6% | — | ||
| Q3 25 | 15.2% | — | ||
| Q2 25 | 16.2% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 15.7% | — | ||
| Q2 24 | 16.9% | — | ||
| Q1 24 | 16.0% | — |
| Q4 25 | 7.5% | -35.0% | ||
| Q3 25 | 9.3% | -0.2% | ||
| Q2 25 | 9.9% | 6.0% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | 8.0% | 4.0% | ||
| Q3 24 | 10.1% | 6.9% | ||
| Q2 24 | 11.7% | 3.5% | ||
| Q1 24 | 8.7% | 4.2% |
| Q4 25 | $0.90 | $-12.00 | ||
| Q3 25 | $1.09 | $-0.07 | ||
| Q2 25 | $1.10 | $1.77 | ||
| Q1 25 | — | $1.46 | ||
| Q4 24 | $0.87 | $1.29 | ||
| Q3 24 | $1.11 | $2.12 | ||
| Q2 24 | $1.35 | $0.98 | ||
| Q1 24 | $0.98 | $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 | $218.2M | $406.0M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $2.1B | $2.0B |
| Total Assets | $4.9B | $9.8B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $218.2M | $406.0M | ||
| Q3 25 | $258.2M | $474.0M | ||
| Q2 25 | $291.3M | $205.0M | ||
| Q1 25 | — | $196.0M | ||
| Q4 24 | $249.4M | $197.0M | ||
| Q3 24 | $253.7M | $197.0M | ||
| Q2 24 | $228.5M | $206.0M | ||
| Q1 24 | $76.5M | $237.0M |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $992.8M | — |
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $2.1B | $2.5B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.7B | $2.4B | ||
| Q1 24 | $1.6B | $2.4B |
| Q4 25 | $4.9B | $9.8B | ||
| Q3 25 | $4.4B | $10.1B | ||
| Q2 25 | $4.2B | $9.9B | ||
| Q1 25 | — | $9.9B | ||
| Q4 24 | $4.0B | $9.8B | ||
| Q3 24 | $4.1B | $9.7B | ||
| Q2 24 | $4.0B | $9.6B | ||
| Q1 24 | $3.8B | $9.9B |
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.59× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.61× | — |
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 | $81.5M | $6.0M |
| Free Cash FlowOCF − Capex | $70.3M | $-6.0M |
| FCF MarginFCF / Revenue | 9.7% | -0.5% |
| Capex IntensityCapex / Revenue | 1.5% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.49× | — |
| TTM Free Cash FlowTrailing 4 quarters | $238.0M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $81.5M | $6.0M | ||
| Q3 25 | $46.6M | $62.0M | ||
| Q2 25 | $35.4M | $-48.0M | ||
| Q1 25 | — | $8.0M | ||
| Q4 24 | $126.9M | $100.0M | ||
| Q3 24 | $101.0M | $72.0M | ||
| Q2 24 | $83.0M | $30.0M | ||
| Q1 24 | $44.5M | $3.0M |
| Q4 25 | $70.3M | $-6.0M | ||
| Q3 25 | $37.4M | $51.0M | ||
| Q2 25 | $28.1M | $-68.0M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | $102.2M | $86.0M | ||
| Q3 24 | $90.4M | $58.0M | ||
| Q2 24 | $74.0M | $17.0M | ||
| Q1 24 | $37.1M | $-13.0M |
| Q4 25 | 9.7% | -0.5% | ||
| Q3 25 | 5.2% | 4.3% | ||
| Q2 25 | 4.1% | -5.9% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | 15.2% | 6.9% | ||
| Q3 24 | 13.4% | 4.8% | ||
| Q2 24 | 10.5% | 1.6% | ||
| Q1 24 | 5.4% | -1.2% |
| Q4 25 | 1.5% | 1.0% | ||
| Q3 25 | 1.3% | 0.9% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | 3.7% | 1.1% | ||
| Q3 24 | 1.6% | 1.1% | ||
| Q2 24 | 1.3% | 1.2% | ||
| Q1 24 | 1.1% | 1.4% |
| Q4 25 | 1.49× | — | ||
| Q3 25 | 0.70× | — | ||
| Q2 25 | 0.53× | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | 2.36× | 2.00× | ||
| Q3 24 | 1.48× | 0.86× | ||
| Q2 24 | 1.00× | 0.81× | ||
| Q1 24 | 0.74× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
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% |
