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Side-by-side financial comparison of First American Financial Corp (FAF) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
First American Financial Corp is the larger business by last-quarter revenue ($2.0B vs $1.2B, roughly 1.7× MARRIOTT VACATIONS WORLDWIDE Corp). First American Financial Corp runs the higher net margin — 10.3% vs -35.0%, a 45.4% gap on every dollar of revenue. On growth, First American Financial Corp posted the faster year-over-year revenue change (21.6% vs -0.7%). First American Financial Corp produced more free cash flow last quarter ($324.5M vs $-6.0M). Over the past eight quarters, First American Financial Corp's revenue compounded faster (19.9% CAGR vs 5.2%).
First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.
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...
FAF vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.2B |
| Net Profit | $211.9M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | 14.0% | — |
| Net Margin | 10.3% | -35.0% |
| Revenue YoY | 21.6% | -0.7% |
| Net Profit YoY | 192.7% | -962.0% |
| EPS (diluted) | $2.04 | $-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 | $2.0B | $1.2B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | $211.9M | $-431.0M | ||
| Q3 25 | $189.6M | $-2.0M | ||
| Q2 25 | $146.1M | $69.0M | ||
| Q1 25 | $74.2M | $56.0M | ||
| Q4 24 | $72.4M | $50.0M | ||
| Q3 24 | $-104.0M | $84.0M | ||
| Q2 24 | $116.0M | $37.0M | ||
| Q1 24 | $46.7M | $47.0M |
| Q4 25 | 14.0% | — | ||
| Q3 25 | 12.5% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | -10.3% | — | ||
| Q2 24 | 9.4% | — | ||
| Q1 24 | 4.1% | — |
| Q4 25 | 10.3% | -35.0% | ||
| Q3 25 | 9.6% | -0.2% | ||
| Q2 25 | 7.9% | 6.0% | ||
| Q1 25 | 4.7% | 5.0% | ||
| Q4 24 | 4.3% | 4.0% | ||
| Q3 24 | -7.4% | 6.9% | ||
| Q2 24 | 7.2% | 3.5% | ||
| Q1 24 | 3.3% | 4.2% |
| Q4 25 | $2.04 | $-12.00 | ||
| Q3 25 | $1.84 | $-0.07 | ||
| Q2 25 | $1.41 | $1.77 | ||
| Q1 25 | $0.71 | $1.46 | ||
| Q4 24 | $0.70 | $1.29 | ||
| Q3 24 | $-1.00 | $2.12 | ||
| Q2 24 | $1.11 | $0.98 | ||
| Q1 24 | $0.45 | $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 | $1.4B | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $2.0B |
| Total Assets | $16.2B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $406.0M | ||
| Q3 25 | $2.9B | $474.0M | ||
| Q2 25 | $2.0B | $205.0M | ||
| Q1 25 | $2.0B | $196.0M | ||
| Q4 24 | $1.7B | $197.0M | ||
| Q3 24 | $3.0B | $197.0M | ||
| Q2 24 | $2.0B | $206.0M | ||
| Q1 24 | $1.5B | $237.0M |
| Q4 25 | $5.5B | $2.0B | ||
| Q3 25 | $5.3B | $2.5B | ||
| Q2 25 | $5.1B | $2.5B | ||
| Q1 25 | $5.0B | $2.4B | ||
| Q4 24 | $4.9B | $2.4B | ||
| Q3 24 | $5.1B | $2.4B | ||
| Q2 24 | $4.8B | $2.4B | ||
| Q1 24 | $4.8B | $2.4B |
| Q4 25 | $16.2B | $9.8B | ||
| Q3 25 | $17.6B | $10.1B | ||
| Q2 25 | $16.3B | $9.9B | ||
| Q1 25 | $15.5B | $9.9B | ||
| Q4 24 | $14.9B | $9.8B | ||
| Q3 24 | $16.6B | $9.7B | ||
| Q2 24 | $15.2B | $9.6B | ||
| Q1 24 | $14.7B | $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 | $369.3M | $6.0M |
| Free Cash FlowOCF − Capex | $324.5M | $-6.0M |
| FCF MarginFCF / Revenue | 15.8% | -0.5% |
| Capex IntensityCapex / Revenue | 2.2% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | $762.5M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $369.3M | $6.0M | ||
| Q3 25 | $272.5M | $62.0M | ||
| Q2 25 | $361.8M | $-48.0M | ||
| Q1 25 | $-52.8M | $8.0M | ||
| Q4 24 | $324.6M | $100.0M | ||
| Q3 24 | $236.9M | $72.0M | ||
| Q2 24 | $266.7M | $30.0M | ||
| Q1 24 | $69.3M | $3.0M |
| Q4 25 | $324.5M | $-6.0M | ||
| Q3 25 | $223.1M | $51.0M | ||
| Q2 25 | $309.4M | $-68.0M | ||
| Q1 25 | $-94.5M | $-6.0M | ||
| Q4 24 | $266.2M | $86.0M | ||
| Q3 24 | $185.4M | $58.0M | ||
| Q2 24 | $210.0M | $17.0M | ||
| Q1 24 | $17.6M | $-13.0M |
| Q4 25 | 15.8% | -0.5% | ||
| Q3 25 | 11.3% | 4.3% | ||
| Q2 25 | 16.8% | -5.9% | ||
| Q1 25 | -6.0% | -0.5% | ||
| Q4 24 | 15.8% | 6.9% | ||
| Q3 24 | 13.2% | 4.8% | ||
| Q2 24 | 13.0% | 1.6% | ||
| Q1 24 | 1.2% | -1.2% |
| Q4 25 | 2.2% | 1.0% | ||
| Q3 25 | 2.5% | 0.9% | ||
| Q2 25 | 2.8% | 1.7% | ||
| Q1 25 | 2.6% | 1.3% | ||
| Q4 24 | 3.5% | 1.1% | ||
| Q3 24 | 3.7% | 1.1% | ||
| Q2 24 | 3.5% | 1.2% | ||
| Q1 24 | 3.6% | 1.4% |
| Q4 25 | 1.74× | — | ||
| Q3 25 | 1.44× | — | ||
| Q2 25 | 2.48× | -0.70× | ||
| Q1 25 | -0.71× | 0.14× | ||
| Q4 24 | 4.48× | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | 2.30× | 0.81× | ||
| Q1 24 | 1.48× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
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% |
