vs
Side-by-side financial comparison of Fabrinet (FN) 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 $1.1B, roughly 1.1× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs -35.0%, a 45.0% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -0.7%). Fabrinet produced more free cash flow last quarter ($-5.3M vs $-6.0M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 5.2%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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...
FN vs VAC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.2B |
| Net Profit | $112.6M | $-431.0M |
| Gross Margin | 12.2% | — |
| Operating Margin | 10.1% | — |
| Net Margin | 9.9% | -35.0% |
| Revenue YoY | 35.9% | -0.7% |
| Net Profit YoY | 30.0% | -962.0% |
| EPS (diluted) | $3.11 | $-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 | $1.1B | $1.2B | ||
| Q3 25 | $978.1M | $1.2B | ||
| Q2 25 | $909.7M | $1.2B | ||
| Q1 25 | $871.8M | $1.1B | ||
| Q4 24 | $833.6M | $1.2B | ||
| Q3 24 | $804.2M | $1.2B | ||
| Q2 24 | $753.3M | $1.1B | ||
| Q1 24 | $731.5M | $1.1B |
| Q4 25 | $112.6M | $-431.0M | ||
| Q3 25 | $95.9M | $-2.0M | ||
| Q2 25 | $87.2M | $69.0M | ||
| Q1 25 | $81.3M | $56.0M | ||
| Q4 24 | $86.6M | $50.0M | ||
| Q3 24 | $77.4M | $84.0M | ||
| Q2 24 | $81.1M | $37.0M | ||
| Q1 24 | $80.9M | $47.0M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
| Q4 25 | 10.1% | — | ||
| Q3 25 | 9.6% | — | ||
| Q2 25 | 9.8% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 9.6% | — | ||
| Q2 24 | 9.7% | — | ||
| Q1 24 | 9.7% | — |
| Q4 25 | 9.9% | -35.0% | ||
| Q3 25 | 9.8% | -0.2% | ||
| Q2 25 | 9.6% | 6.0% | ||
| Q1 25 | 9.3% | 5.0% | ||
| Q4 24 | 10.4% | 4.0% | ||
| Q3 24 | 9.6% | 6.9% | ||
| Q2 24 | 10.8% | 3.5% | ||
| Q1 24 | 11.1% | 4.2% |
| Q4 25 | $3.11 | $-12.00 | ||
| Q3 25 | $2.66 | $-0.07 | ||
| Q2 25 | $2.41 | $1.77 | ||
| Q1 25 | $2.25 | $1.46 | ||
| Q4 24 | $2.38 | $1.29 | ||
| Q3 24 | $2.13 | $2.12 | ||
| Q2 24 | $2.22 | $0.98 | ||
| Q1 24 | $2.21 | $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 | $960.8M | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | $2.0B |
| Total Assets | $3.3B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $406.0M | ||
| Q3 25 | $968.8M | $474.0M | ||
| Q2 25 | $934.2M | $205.0M | ||
| Q1 25 | $950.7M | $196.0M | ||
| Q4 24 | $934.6M | $197.0M | ||
| Q3 24 | $908.9M | $197.0M | ||
| Q2 24 | $858.6M | $206.0M | ||
| Q1 24 | $794.0M | $237.0M |
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.1B | $2.5B | ||
| Q2 25 | $2.0B | $2.5B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.7B | $2.4B | ||
| Q1 24 | $1.7B | $2.4B |
| Q4 25 | $3.3B | $9.8B | ||
| Q3 25 | $3.0B | $10.1B | ||
| Q2 25 | $2.8B | $9.9B | ||
| Q1 25 | $2.6B | $9.9B | ||
| Q4 24 | $2.5B | $9.8B | ||
| Q3 24 | $2.4B | $9.7B | ||
| Q2 24 | $2.3B | $9.6B | ||
| Q1 24 | $2.2B | $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 | $46.3M | $6.0M |
| Free Cash FlowOCF − Capex | $-5.3M | $-6.0M |
| FCF MarginFCF / Revenue | -0.5% | -0.5% |
| Capex IntensityCapex / Revenue | 4.6% | 1.0% |
| Cash ConversionOCF / Net Profit | 0.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | $6.0M | ||
| Q3 25 | $102.6M | $62.0M | ||
| Q2 25 | $55.1M | $-48.0M | ||
| Q1 25 | $74.2M | $8.0M | ||
| Q4 24 | $115.9M | $100.0M | ||
| Q3 24 | $83.2M | $72.0M | ||
| Q2 24 | $83.1M | $30.0M | ||
| Q1 24 | $100.9M | $3.0M |
| Q4 25 | $-5.3M | $-6.0M | ||
| Q3 25 | $57.3M | $51.0M | ||
| Q2 25 | $4.7M | $-68.0M | ||
| Q1 25 | $45.7M | $-6.0M | ||
| Q4 24 | $94.0M | $86.0M | ||
| Q3 24 | $62.9M | $58.0M | ||
| Q2 24 | $70.4M | $17.0M | ||
| Q1 24 | $87.3M | $-13.0M |
| Q4 25 | -0.5% | -0.5% | ||
| Q3 25 | 5.9% | 4.3% | ||
| Q2 25 | 0.5% | -5.9% | ||
| Q1 25 | 5.2% | -0.5% | ||
| Q4 24 | 11.3% | 6.9% | ||
| Q3 24 | 7.8% | 4.8% | ||
| Q2 24 | 9.3% | 1.6% | ||
| Q1 24 | 11.9% | -1.2% |
| Q4 25 | 4.6% | 1.0% | ||
| Q3 25 | 4.6% | 0.9% | ||
| Q2 25 | 5.5% | 1.7% | ||
| Q1 25 | 3.3% | 1.3% | ||
| Q4 24 | 2.6% | 1.1% | ||
| Q3 24 | 2.5% | 1.1% | ||
| Q2 24 | 1.7% | 1.2% | ||
| Q1 24 | 1.9% | 1.4% |
| Q4 25 | 0.41× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 0.63× | -0.70× | ||
| Q1 25 | 0.91× | 0.14× | ||
| Q4 24 | 1.34× | 2.00× | ||
| Q3 24 | 1.07× | 0.86× | ||
| Q2 24 | 1.02× | 0.81× | ||
| Q1 24 | 1.25× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
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% |
