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Side-by-side financial comparison of Invesco (IVZ) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
Invesco is the larger business by last-quarter revenue ($1.7B vs $1.2B, roughly 1.4× MARRIOTT VACATIONS WORLDWIDE Corp). MARRIOTT VACATIONS WORLDWIDE Corp runs the higher net margin — -35.0% vs -58.9%, a 23.8% gap on every dollar of revenue. On growth, Invesco posted the faster year-over-year revenue change (6.2% vs -0.7%). Invesco produced more free cash flow last quarter ($432.2M vs $-6.0M). Over the past eight quarters, Invesco's revenue compounded faster (7.1% CAGR vs 5.2%).
Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.
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...
IVZ vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $1.2B |
| Net Profit | $-995.9M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | -86.2% | — |
| Net Margin | -58.9% | -35.0% |
| Revenue YoY | 6.2% | -0.7% |
| Net Profit YoY | -575.8% | -962.0% |
| EPS (diluted) | $-2.61 | $-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 | $1.7B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
| Q4 25 | $-995.9M | $-431.0M | ||
| Q3 25 | $356.4M | $-2.0M | ||
| Q2 25 | $197.4M | $69.0M | ||
| Q1 25 | $171.1M | $56.0M | ||
| Q4 24 | $209.3M | $50.0M | ||
| Q3 24 | $55.0M | $84.0M | ||
| Q2 24 | $132.2M | $37.0M | ||
| Q1 24 | $141.5M | $47.0M |
| Q4 25 | -86.2% | — | ||
| Q3 25 | 16.5% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 6.6% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 14.4% | — |
| Q4 25 | -58.9% | -35.0% | ||
| Q3 25 | 21.7% | -0.2% | ||
| Q2 25 | 13.0% | 6.0% | ||
| Q1 25 | 11.2% | 5.0% | ||
| Q4 24 | 13.1% | 4.0% | ||
| Q3 24 | 3.6% | 6.9% | ||
| Q2 24 | 8.9% | 3.5% | ||
| Q1 24 | 9.6% | 4.2% |
| Q4 25 | $-2.61 | $-12.00 | ||
| Q3 25 | $0.66 | $-0.07 | ||
| Q2 25 | $-0.03 | $1.77 | ||
| Q1 25 | $0.38 | $1.46 | ||
| Q4 24 | $0.46 | $1.29 | ||
| Q3 24 | $0.12 | $2.12 | ||
| Q2 24 | $0.29 | $0.98 | ||
| Q1 24 | $0.31 | $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 | $1.0B | $406.0M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $12.2B | $2.0B |
| Total Assets | $27.1B | $9.8B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $406.0M | ||
| Q3 25 | $973.1M | $474.0M | ||
| Q2 25 | $922.7M | $205.0M | ||
| Q1 25 | $821.7M | $196.0M | ||
| Q4 24 | $986.5M | $197.0M | ||
| Q3 24 | $1.0B | $197.0M | ||
| Q2 24 | $878.5M | $206.0M | ||
| Q1 24 | $895.7M | $237.0M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $964.8M | — | ||
| Q4 24 | $890.6M | — | ||
| Q3 24 | $890.3M | — | ||
| Q2 24 | $890.1M | — | ||
| Q1 24 | $1.3B | — |
| Q4 25 | $12.2B | $2.0B | ||
| Q3 25 | $14.0B | $2.5B | ||
| Q2 25 | $13.9B | $2.5B | ||
| Q1 25 | $14.7B | $2.4B | ||
| Q4 24 | $14.6B | $2.4B | ||
| Q3 24 | $14.8B | $2.4B | ||
| Q2 24 | $14.6B | $2.4B | ||
| Q1 24 | $14.6B | $2.4B |
| Q4 25 | $27.1B | $9.8B | ||
| Q3 25 | $28.4B | $10.1B | ||
| Q2 25 | $28.5B | $9.9B | ||
| Q1 25 | $28.1B | $9.9B | ||
| Q4 24 | $27.0B | $9.8B | ||
| Q3 24 | $27.5B | $9.7B | ||
| Q2 24 | $27.2B | $9.6B | ||
| Q1 24 | $28.1B | $9.9B |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | 0.09× | — |
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 | $455.8M | $6.0M |
| Free Cash FlowOCF − Capex | $432.2M | $-6.0M |
| FCF MarginFCF / Revenue | 25.5% | -0.5% |
| Capex IntensityCapex / Revenue | 1.4% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $455.8M | $6.0M | ||
| Q3 25 | $606.2M | $62.0M | ||
| Q2 25 | $547.9M | $-48.0M | ||
| Q1 25 | $-84.6M | $8.0M | ||
| Q4 24 | $316.9M | $100.0M | ||
| Q3 24 | $438.4M | $72.0M | ||
| Q2 24 | $489.1M | $30.0M | ||
| Q1 24 | $-54.4M | $3.0M |
| Q4 25 | $432.2M | $-6.0M | ||
| Q3 25 | $586.4M | $51.0M | ||
| Q2 25 | $530.4M | $-68.0M | ||
| Q1 25 | $-108.0M | $-6.0M | ||
| Q4 24 | $309.9M | $86.0M | ||
| Q3 24 | $410.0M | $58.0M | ||
| Q2 24 | $462.4M | $17.0M | ||
| Q1 24 | $-75.4M | $-13.0M |
| Q4 25 | 25.5% | -0.5% | ||
| Q3 25 | 35.7% | 4.3% | ||
| Q2 25 | 35.0% | -5.9% | ||
| Q1 25 | -7.1% | -0.5% | ||
| Q4 24 | 19.5% | 6.9% | ||
| Q3 24 | 27.1% | 4.8% | ||
| Q2 24 | 31.2% | 1.6% | ||
| Q1 24 | -5.1% | -1.2% |
| Q4 25 | 1.4% | 1.0% | ||
| Q3 25 | 1.2% | 0.9% | ||
| Q2 25 | 1.2% | 1.7% | ||
| Q1 25 | 1.5% | 1.3% | ||
| Q4 24 | 0.4% | 1.1% | ||
| Q3 24 | 1.9% | 1.1% | ||
| Q2 24 | 1.8% | 1.2% | ||
| Q1 24 | 1.4% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 2.78× | -0.70× | ||
| Q1 25 | -0.49× | 0.14× | ||
| Q4 24 | 1.51× | 2.00× | ||
| Q3 24 | 7.97× | 0.86× | ||
| Q2 24 | 3.70× | 0.81× | ||
| Q1 24 | -0.38× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
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% |
