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Side-by-side financial comparison of Hyatt Hotels Corp (H) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
Hyatt Hotels Corp is the larger business by last-quarter revenue ($1.8B vs $1.2B, roughly 1.5× MARRIOTT VACATIONS WORLDWIDE Corp). Hyatt Hotels Corp runs the higher net margin — -1.1% vs -35.0%, a 33.9% gap on every dollar of revenue. On growth, Hyatt Hotels Corp posted the faster year-over-year revenue change (11.7% vs -0.7%). Hyatt Hotels Corp produced more free cash flow last quarter ($236.0M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs 2.2%).
Hyatt Hotels Corporation, commonly known as Hyatt Hotels & Resorts, is an American multinational hospitality company headquartered in the Riverside Plaza area of Chicago that manages and franchises luxury and business hotels, resorts, and vacation properties. Hyatt Hotels & Resorts is one of the businesses managed by the Pritzker family. Hyatt has more than 1350 hotels and all-inclusive properties in 69 countries, across North America, South America, Europe, Asia, Africa and Australia.
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...
H vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.2B |
| Net Profit | $-20.0M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | 0.4% | — |
| Net Margin | -1.1% | -35.0% |
| Revenue YoY | 11.7% | -0.7% |
| Net Profit YoY | 64.3% | -962.0% |
| EPS (diluted) | $-0.20 | $-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 | $1.8B | $1.2B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.8B | $1.2B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.7B | $1.1B |
| Q4 25 | $-20.0M | $-431.0M | ||
| Q3 25 | $-49.0M | $-2.0M | ||
| Q2 25 | $-3.0M | $69.0M | ||
| Q1 25 | $20.0M | $56.0M | ||
| Q4 24 | $-56.0M | $50.0M | ||
| Q3 24 | $471.0M | $84.0M | ||
| Q2 24 | $359.0M | $37.0M | ||
| Q1 24 | $522.0M | $47.0M |
| Q4 25 | 0.4% | — | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | 37.3% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 31.6% | — |
| Q4 25 | -1.1% | -35.0% | ||
| Q3 25 | -2.7% | -0.2% | ||
| Q2 25 | -0.2% | 6.0% | ||
| Q1 25 | 1.2% | 5.0% | ||
| Q4 24 | -3.5% | 4.0% | ||
| Q3 24 | 28.9% | 6.9% | ||
| Q2 24 | 21.1% | 3.5% | ||
| Q1 24 | 30.5% | 4.2% |
| Q4 25 | $-0.20 | $-12.00 | ||
| Q3 25 | $-0.51 | $-0.07 | ||
| Q2 25 | $-0.03 | $1.77 | ||
| Q1 25 | $0.19 | $1.46 | ||
| Q4 24 | $-0.37 | $1.29 | ||
| Q3 24 | $4.63 | $2.12 | ||
| Q2 24 | $3.46 | $0.98 | ||
| Q1 24 | $4.93 | $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 | $813.0M | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3B | $2.0B |
| Total Assets | $14.0B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $813.0M | $406.0M | ||
| Q3 25 | $749.0M | $474.0M | ||
| Q2 25 | $912.0M | $205.0M | ||
| Q1 25 | $1.8B | $196.0M | ||
| Q4 24 | $1.4B | $197.0M | ||
| Q3 24 | $1.1B | $197.0M | ||
| Q2 24 | $2.0B | $206.0M | ||
| Q1 24 | $794.0M | $237.0M |
| Q4 25 | — | — | ||
| Q3 25 | $6.0B | — | ||
| Q2 25 | $6.0B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.1B | — |
| Q4 25 | $3.3B | $2.0B | ||
| Q3 25 | $3.5B | $2.5B | ||
| Q2 25 | $3.6B | $2.5B | ||
| Q1 25 | $3.5B | $2.4B | ||
| Q4 24 | $3.5B | $2.4B | ||
| Q3 24 | $3.7B | $2.4B | ||
| Q2 24 | $3.9B | $2.4B | ||
| Q1 24 | $3.7B | $2.4B |
| Q4 25 | $14.0B | $9.8B | ||
| Q3 25 | $15.7B | $10.1B | ||
| Q2 25 | $15.9B | $9.9B | ||
| Q1 25 | $14.0B | $9.9B | ||
| Q4 24 | $13.3B | $9.8B | ||
| Q3 24 | $11.9B | $9.7B | ||
| Q2 24 | $12.8B | $9.6B | ||
| Q1 24 | $11.7B | $9.9B |
| Q4 25 | — | — | ||
| Q3 25 | 1.73× | — | ||
| Q2 25 | 1.69× | — | ||
| Q1 25 | 1.25× | — | ||
| Q4 24 | 1.07× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 1.01× | — | ||
| Q1 24 | 0.84× | — |
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 | $313.0M | $6.0M |
| Free Cash FlowOCF − Capex | $236.0M | $-6.0M |
| FCF MarginFCF / Revenue | 13.2% | -0.5% |
| Capex IntensityCapex / Revenue | 4.3% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $159.0M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $313.0M | $6.0M | ||
| Q3 25 | $-20.0M | $62.0M | ||
| Q2 25 | $-67.0M | $-48.0M | ||
| Q1 25 | $153.0M | $8.0M | ||
| Q4 24 | $235.0M | $100.0M | ||
| Q3 24 | $-21.0M | $72.0M | ||
| Q2 24 | $177.0M | $30.0M | ||
| Q1 24 | $242.0M | $3.0M |
| Q4 25 | $236.0M | $-6.0M | ||
| Q3 25 | $-89.0M | $51.0M | ||
| Q2 25 | $-111.0M | $-68.0M | ||
| Q1 25 | $123.0M | $-6.0M | ||
| Q4 24 | $184.0M | $86.0M | ||
| Q3 24 | $-64.0M | $58.0M | ||
| Q2 24 | $135.0M | $17.0M | ||
| Q1 24 | $208.0M | $-13.0M |
| Q4 25 | 13.2% | -0.5% | ||
| Q3 25 | -5.0% | 4.3% | ||
| Q2 25 | -6.1% | -5.9% | ||
| Q1 25 | 7.2% | -0.5% | ||
| Q4 24 | 11.5% | 6.9% | ||
| Q3 24 | -3.9% | 4.8% | ||
| Q2 24 | 7.9% | 1.6% | ||
| Q1 24 | 12.1% | -1.2% |
| Q4 25 | 4.3% | 1.0% | ||
| Q3 25 | 3.9% | 0.9% | ||
| Q2 25 | 2.4% | 1.7% | ||
| Q1 25 | 1.7% | 1.3% | ||
| Q4 24 | 3.2% | 1.1% | ||
| Q3 24 | 2.6% | 1.1% | ||
| Q2 24 | 2.5% | 1.2% | ||
| Q1 24 | 2.0% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | 7.65× | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | -0.04× | 0.86× | ||
| Q2 24 | 0.49× | 0.81× | ||
| Q1 24 | 0.46× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
H
| Other | $627.0M | 35% |
| Rooms Revenue | $326.0M | 18% |
| Net Fees | $290.0M | 16% |
| Distribution Segment | $177.0M | 10% |
| Franchise And Other Fees | $114.0M | 6% |
| Base Management Fees | $112.0M | 6% |
| Incentive Management Fees | $81.0M | 5% |
| Other Owned And Leased Hotel Revenue | $41.0M | 2% |
| Contra Revenue | $17.0M | 1% |
| Other Revenues | $4.0M | 0% |
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% |
