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Side-by-side financial comparison of Grocery Outlet Holding Corp. (GO) 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 $1.2B, roughly 1.0× Grocery Outlet Holding Corp.). Grocery Outlet Holding Corp. runs the higher net margin — -18.5% vs -35.0%, a 16.5% gap on every dollar of revenue. On growth, Grocery Outlet Holding Corp. posted the faster year-over-year revenue change (10.7% vs -0.7%). Over the past eight quarters, Grocery Outlet Holding Corp.'s revenue compounded faster (8.3% CAGR vs 5.2%).
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
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...
GO vs VAC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $-224.9M | $-431.0M |
| Gross Margin | 29.7% | — |
| Operating Margin | — | — |
| Net Margin | -18.5% | -35.0% |
| Revenue YoY | 10.7% | -0.7% |
| Net Profit YoY | -669.9% | -962.0% |
| EPS (diluted) | $-2.22 | $-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.
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.1B |
| Q1 26 | $-224.9M | — | ||
| Q4 25 | — | $-431.0M | ||
| Q3 25 | $11.6M | $-2.0M | ||
| Q2 25 | $5.0M | $69.0M | ||
| Q1 25 | $-23.3M | $56.0M | ||
| Q4 24 | $2.3M | $50.0M | ||
| Q3 24 | $24.2M | $84.0M | ||
| Q2 24 | $14.0M | $37.0M |
| Q1 26 | 29.7% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 30.6% | — | ||
| Q1 25 | 30.4% | — | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 31.1% | — | ||
| Q2 24 | 30.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | -2.0% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 3.6% | — | ||
| Q2 24 | 2.3% | — |
| Q1 26 | -18.5% | — | ||
| Q4 25 | — | -35.0% | ||
| Q3 25 | 1.0% | -0.2% | ||
| Q2 25 | 0.4% | 6.0% | ||
| Q1 25 | -2.1% | 5.0% | ||
| Q4 24 | 0.2% | 4.0% | ||
| Q3 24 | 2.2% | 6.9% | ||
| Q2 24 | 1.2% | 3.5% |
| Q1 26 | $-2.22 | — | ||
| Q4 25 | — | $-12.00 | ||
| Q3 25 | $0.12 | $-0.07 | ||
| Q2 25 | $0.05 | $1.77 | ||
| Q1 25 | $-0.24 | $1.46 | ||
| Q4 24 | $0.03 | $1.29 | ||
| Q3 24 | $0.24 | $2.12 | ||
| Q2 24 | $0.14 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $69.6M | $406.0M |
| Total DebtLower is stronger | $15.0M | — |
| Stockholders' EquityBook value | $983.7M | $2.0B |
| Total Assets | $3.1B | $9.8B |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | $406.0M | ||
| Q3 25 | $52.1M | $474.0M | ||
| Q2 25 | $55.2M | $205.0M | ||
| Q1 25 | $50.9M | $196.0M | ||
| Q4 24 | $62.8M | $197.0M | ||
| Q3 24 | $68.7M | $197.0M | ||
| Q2 24 | $67.1M | $206.0M |
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $500.3M | — | ||
| Q2 25 | $473.9M | — | ||
| Q1 25 | $475.7M | — | ||
| Q4 24 | $477.5M | — | ||
| Q3 24 | $429.3M | — | ||
| Q2 24 | $379.2M | — |
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $2.0B | ||
| Q3 25 | $1.2B | $2.5B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $1.2B | $2.4B |
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $9.8B | ||
| Q3 25 | $3.4B | $10.1B | ||
| Q2 25 | $3.3B | $9.9B | ||
| Q1 25 | $3.3B | $9.9B | ||
| Q4 24 | $3.2B | $9.8B | ||
| Q3 24 | $3.1B | $9.7B | ||
| Q2 24 | $3.1B | $9.6B |
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — |
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 | $222.1M | $6.0M |
| Free Cash FlowOCF − Capex | — | $-6.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $6.0M | ||
| Q3 25 | $17.3M | $62.0M | ||
| Q2 25 | $73.6M | $-48.0M | ||
| Q1 25 | $58.9M | $8.0M | ||
| Q4 24 | $39.5M | $100.0M | ||
| Q3 24 | $23.0M | $72.0M | ||
| Q2 24 | $41.6M | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-6.0M | ||
| Q3 25 | $-21.6M | $51.0M | ||
| Q2 25 | $14.4M | $-68.0M | ||
| Q1 25 | $-1.5M | $-6.0M | ||
| Q4 24 | $-19.6M | $86.0M | ||
| Q3 24 | $-19.3M | $58.0M | ||
| Q2 24 | $2.7M | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.5% | ||
| Q3 25 | -1.8% | 4.3% | ||
| Q2 25 | 1.2% | -5.9% | ||
| Q1 25 | -0.1% | -0.5% | ||
| Q4 24 | -1.8% | 6.9% | ||
| Q3 24 | -1.7% | 4.8% | ||
| Q2 24 | 0.2% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | 3.3% | 0.9% | ||
| Q2 25 | 5.0% | 1.7% | ||
| Q1 25 | 5.4% | 1.3% | ||
| Q4 24 | 5.4% | 1.1% | ||
| Q3 24 | 3.8% | 1.1% | ||
| Q2 24 | 3.4% | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 14.84× | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | 17.09× | 2.00× | ||
| Q3 24 | 0.95× | 0.86× | ||
| Q2 24 | 2.97× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GO
Segment breakdown not available.
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% |
