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Side-by-side financial comparison of G III APPAREL GROUP LTD (GIII) 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 $988.6M, roughly 1.2× G III APPAREL GROUP LTD). G III APPAREL GROUP LTD runs the higher net margin — 8.2% vs -35.0%, a 43.2% gap on every dollar of revenue. On growth, MARRIOTT VACATIONS WORLDWIDE Corp posted the faster year-over-year revenue change (-0.7% vs -9.0%). MARRIOTT VACATIONS WORLDWIDE Corp produced more free cash flow last quarter ($-6.0M vs $-106.4M). Over the past eight quarters, G III APPAREL GROUP LTD's revenue compounded faster (13.7% CAGR vs 5.2%).
G III Apparel Group is a global fashion company that designs, sources, manufactures, markets and distributes apparel, footwear, and accessories under a range of owned and licensed well-known brands. It serves department stores, specialty retailers, and e-commerce platforms across North America, Europe, and other key global markets, catering to casual, sportswear, and premium fashion consumer segments.
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...
GIII vs VAC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $988.6M | $1.2B |
| Net Profit | $80.6M | $-431.0M |
| Gross Margin | 38.6% | — |
| Operating Margin | 11.4% | — |
| Net Margin | 8.2% | -35.0% |
| Revenue YoY | -9.0% | -0.7% |
| Net Profit YoY | -29.8% | -962.0% |
| EPS (diluted) | $1.84 | $-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 | $988.6M | $1.2B | ||
| Q3 25 | $613.3M | $1.2B | ||
| Q2 25 | $583.6M | $1.2B | ||
| Q1 25 | $839.5M | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $644.8M | $1.2B | ||
| Q2 24 | $609.7M | $1.1B | ||
| Q1 24 | $764.8M | $1.1B |
| Q4 25 | $80.6M | $-431.0M | ||
| Q3 25 | $10.9M | $-2.0M | ||
| Q2 25 | $7.8M | $69.0M | ||
| Q1 25 | $48.8M | $56.0M | ||
| Q4 24 | $114.8M | $50.0M | ||
| Q3 24 | $24.2M | $84.0M | ||
| Q2 24 | $5.8M | $37.0M | ||
| Q1 24 | $28.9M | $47.0M |
| Q4 25 | 38.6% | — | ||
| Q3 25 | 40.8% | — | ||
| Q2 25 | 42.2% | — | ||
| Q1 25 | 39.5% | — | ||
| Q4 24 | 39.8% | — | ||
| Q3 24 | 42.8% | — | ||
| Q2 24 | 42.5% | — | ||
| Q1 24 | 36.9% | — |
| Q4 25 | 11.4% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 8.5% | — | ||
| Q4 24 | 15.3% | — | ||
| Q3 24 | 6.4% | — | ||
| Q2 24 | 2.2% | — | ||
| Q1 24 | 6.1% | — |
| Q4 25 | 8.2% | -35.0% | ||
| Q3 25 | 1.8% | -0.2% | ||
| Q2 25 | 1.3% | 6.0% | ||
| Q1 25 | 5.8% | 5.0% | ||
| Q4 24 | 10.6% | 4.0% | ||
| Q3 24 | 3.8% | 6.9% | ||
| Q2 24 | 1.0% | 3.5% | ||
| Q1 24 | 3.8% | 4.2% |
| Q4 25 | $1.84 | $-12.00 | ||
| Q3 25 | $0.25 | $-0.07 | ||
| Q2 25 | $0.17 | $1.77 | ||
| Q1 25 | $1.00 | $1.46 | ||
| Q4 24 | $2.55 | $1.29 | ||
| Q3 24 | $0.53 | $2.12 | ||
| Q2 24 | $0.12 | $0.98 | ||
| Q1 24 | $0.59 | $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 | $184.1M | $406.0M |
| Total DebtLower is stronger | $6.5M | — |
| Stockholders' EquityBook value | $1.8B | $2.0B |
| Total Assets | $2.8B | $9.8B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.1M | $406.0M | ||
| Q3 25 | $301.8M | $474.0M | ||
| Q2 25 | $257.8M | $205.0M | ||
| Q1 25 | $181.4M | $196.0M | ||
| Q4 24 | $104.7M | $197.0M | ||
| Q3 24 | $414.8M | $197.0M | ||
| Q2 24 | $508.4M | $206.0M | ||
| Q1 24 | $507.8M | $237.0M |
| Q4 25 | $6.5M | — | ||
| Q3 25 | $6.9M | — | ||
| Q2 25 | $6.8M | — | ||
| Q1 25 | $3.0M | — | ||
| Q4 24 | $213.9M | — | ||
| Q3 24 | $402.5M | — | ||
| Q2 24 | $402.7M | — | ||
| Q1 24 | $402.8M | — |
| Q4 25 | $1.8B | $2.0B | ||
| Q3 25 | $1.7B | $2.5B | ||
| Q2 25 | $1.7B | $2.5B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.6B | $2.4B | ||
| Q3 24 | $1.5B | $2.4B | ||
| Q2 24 | $1.5B | $2.4B | ||
| Q1 24 | $1.6B | $2.4B |
| Q4 25 | $2.8B | $9.8B | ||
| Q3 25 | $2.7B | $10.1B | ||
| Q2 25 | $2.4B | $9.9B | ||
| Q1 25 | $2.5B | $9.9B | ||
| Q4 24 | $2.8B | $9.8B | ||
| Q3 24 | $2.7B | $9.7B | ||
| Q2 24 | $2.6B | $9.6B | ||
| Q1 24 | $2.7B | $9.9B |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.27× | — | ||
| Q2 24 | 0.26× | — | ||
| Q1 24 | 0.26× | — |
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 | $-97.3M | $6.0M |
| Free Cash FlowOCF − Capex | $-106.4M | $-6.0M |
| FCF MarginFCF / Revenue | -10.8% | -0.5% |
| Capex IntensityCapex / Revenue | 0.9% | 1.0% |
| Cash ConversionOCF / Net Profit | -1.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | $367.7M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-97.3M | $6.0M | ||
| Q3 25 | $75.1M | $62.0M | ||
| Q2 25 | $93.8M | $-48.0M | ||
| Q1 25 | $333.4M | $8.0M | ||
| Q4 24 | $-111.8M | $100.0M | ||
| Q3 24 | $49.3M | $72.0M | ||
| Q2 24 | $45.5M | $30.0M | ||
| Q1 24 | $361.3M | $3.0M |
| Q4 25 | $-106.4M | $-6.0M | ||
| Q3 25 | $64.7M | $51.0M | ||
| Q2 25 | $85.7M | $-68.0M | ||
| Q1 25 | $323.7M | $-6.0M | ||
| Q4 24 | $-120.3M | $86.0M | ||
| Q3 24 | $38.8M | $58.0M | ||
| Q2 24 | $32.8M | $17.0M | ||
| Q1 24 | $352.3M | $-13.0M |
| Q4 25 | -10.8% | -0.5% | ||
| Q3 25 | 10.6% | 4.3% | ||
| Q2 25 | 14.7% | -5.9% | ||
| Q1 25 | 38.6% | -0.5% | ||
| Q4 24 | -11.1% | 6.9% | ||
| Q3 24 | 6.0% | 4.8% | ||
| Q2 24 | 5.4% | 1.6% | ||
| Q1 24 | 46.1% | -1.2% |
| Q4 25 | 0.9% | 1.0% | ||
| Q3 25 | 1.7% | 0.9% | ||
| Q2 25 | 1.4% | 1.7% | ||
| Q1 25 | 1.2% | 1.3% | ||
| Q4 24 | 0.8% | 1.1% | ||
| Q3 24 | 1.6% | 1.1% | ||
| Q2 24 | 2.1% | 1.2% | ||
| Q1 24 | 1.2% | 1.4% |
| Q4 25 | -1.21× | — | ||
| Q3 25 | 6.86× | — | ||
| Q2 25 | 12.09× | -0.70× | ||
| Q1 25 | 6.83× | 0.14× | ||
| Q4 24 | -0.97× | 2.00× | ||
| Q3 24 | 2.04× | 0.86× | ||
| Q2 24 | 7.84× | 0.81× | ||
| Q1 24 | 12.52× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GIII
| Proprietary Brands | $498.1M | 50% |
| Licensed Brands | $479.2M | 48% |
| Retail Segment | $45.7M | 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% |
