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Side-by-side financial comparison of HERTZ GLOBAL HOLDINGS, INC (HTZ) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
HERTZ GLOBAL HOLDINGS, INC is the larger business by last-quarter revenue ($2.0B vs $1.2B, roughly 1.6× MARRIOTT VACATIONS WORLDWIDE Corp). HERTZ GLOBAL HOLDINGS, INC runs the higher net margin — -9.6% vs -35.0%, a 25.4% gap on every dollar of revenue. On growth, HERTZ GLOBAL HOLDINGS, INC posted the faster year-over-year revenue change (-0.6% vs -0.7%). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs -1.3%).
Hertz Global Holdings, Inc., known as Hertz, is an American car rental company based in Estero, Florida. The company operates its namesake Hertz brand, along with the brands Dollar Rent A Car, Firefly Car Rental, and Thrifty Car Rental.
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...
HTZ vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.2B |
| Net Profit | $-194.0M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | -11.0% | — |
| Net Margin | -9.6% | -35.0% |
| Revenue YoY | -0.6% | -0.7% |
| Net Profit YoY | 59.5% | -962.0% |
| EPS (diluted) | $-0.46 | $-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 | $2.5B | $1.2B | ||
| Q2 25 | $2.2B | $1.2B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.6B | $1.2B | ||
| Q2 24 | $2.4B | $1.1B | ||
| Q1 24 | $2.1B | $1.1B |
| Q4 25 | $-194.0M | $-431.0M | ||
| Q3 25 | $184.0M | $-2.0M | ||
| Q2 25 | $-294.0M | $69.0M | ||
| Q1 25 | $-443.0M | $56.0M | ||
| Q4 24 | $-479.0M | $50.0M | ||
| Q3 24 | $-1.3B | $84.0M | ||
| Q2 24 | $-865.0M | $37.0M | ||
| Q1 24 | $-186.0M | $47.0M |
| Q4 25 | -11.0% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | -14.5% | — | ||
| Q1 25 | -29.0% | — | ||
| Q4 24 | -27.6% | — | ||
| Q3 24 | -62.9% | — | ||
| Q2 24 | -20.1% | — | ||
| Q1 24 | -27.9% | — |
| Q4 25 | -9.6% | -35.0% | ||
| Q3 25 | 7.4% | -0.2% | ||
| Q2 25 | -13.5% | 6.0% | ||
| Q1 25 | -24.4% | 5.0% | ||
| Q4 24 | -23.5% | 4.0% | ||
| Q3 24 | -51.7% | 6.9% | ||
| Q2 24 | -36.8% | 3.5% | ||
| Q1 24 | -8.9% | 4.2% |
| Q4 25 | $-0.46 | $-12.00 | ||
| Q3 25 | $0.42 | $-0.07 | ||
| Q2 25 | $-0.95 | $1.77 | ||
| Q1 25 | $-1.44 | $1.46 | ||
| Q4 24 | $-1.57 | $1.29 | ||
| Q3 24 | $-4.34 | $2.12 | ||
| Q2 24 | $-2.82 | $0.98 | ||
| Q1 24 | $-0.61 | $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 | $565.0M | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-459.0M | $2.0B |
| Total Assets | $22.3B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $565.0M | $406.0M | ||
| Q3 25 | $1.1B | $474.0M | ||
| Q2 25 | $503.0M | $205.0M | ||
| Q1 25 | $626.0M | $196.0M | ||
| Q4 24 | $592.0M | $197.0M | ||
| Q3 24 | $501.0M | $197.0M | ||
| Q2 24 | $568.0M | $206.0M | ||
| Q1 24 | $465.0M | $237.0M |
| Q4 25 | $-459.0M | $2.0B | ||
| Q3 25 | $-317.0M | $2.5B | ||
| Q2 25 | $-504.0M | $2.5B | ||
| Q1 25 | $-262.0M | $2.4B | ||
| Q4 24 | $153.0M | $2.4B | ||
| Q3 24 | $681.0M | $2.4B | ||
| Q2 24 | $2.0B | $2.4B | ||
| Q1 24 | $2.8B | $2.4B |
| Q4 25 | $22.3B | $9.8B | ||
| Q3 25 | $23.0B | $10.1B | ||
| Q2 25 | $23.1B | $9.9B | ||
| Q1 25 | $22.0B | $9.9B | ||
| Q4 24 | $21.8B | $9.8B | ||
| Q3 24 | $23.0B | $9.7B | ||
| Q2 24 | $25.2B | $9.6B | ||
| Q1 24 | $24.3B | $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 | $193.0M | $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.
| Q4 25 | $193.0M | $6.0M | ||
| Q3 25 | $835.0M | $62.0M | ||
| Q2 25 | $346.0M | $-48.0M | ||
| Q1 25 | $251.0M | $8.0M | ||
| Q4 24 | $414.0M | $100.0M | ||
| Q3 24 | $894.0M | $72.0M | ||
| Q2 24 | $546.0M | $30.0M | ||
| Q1 24 | $370.0M | $3.0M |
| Q4 25 | — | $-6.0M | ||
| Q3 25 | — | $51.0M | ||
| Q2 25 | — | $-68.0M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $86.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $17.0M | ||
| Q1 24 | — | $-13.0M |
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | -5.9% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.6% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 4.54× | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTZ
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% |
