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Side-by-side financial comparison of Lennox International (LII) 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× Lennox International). Lennox International runs the higher net margin — 13.6% vs -35.0%, a 48.6% gap on every dollar of revenue. On growth, MARRIOTT VACATIONS WORLDWIDE Corp posted the faster year-over-year revenue change (-0.7% vs -11.2%). Lennox International produced more free cash flow last quarter ($376.7M vs $-6.0M). Over the past eight quarters, Lennox International's revenue compounded faster (6.8% CAGR vs 5.2%).
Lennox International Inc. is an American provider of climate control products for the heating, ventilation, and air conditioning (HVAC) and refrigeration markets. Based in Richardson, Texas, the company is 9.8% owned by John W. Norris, III, a descendant of DW Norris, who acquired the company in 1904. The company's largest production facilities are in Saltillo, Mexico, Marshalltown, Iowa, and Orangeburg, South Carolina.
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...
LII vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $162.1M | $-431.0M |
| Gross Margin | 34.7% | — |
| Operating Margin | 18.6% | — |
| Net Margin | 13.6% | -35.0% |
| Revenue YoY | -11.2% | -0.7% |
| Net Profit YoY | -18.0% | -962.0% |
| EPS (diluted) | $4.62 | $-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 | $1.2B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
| Q4 25 | $162.1M | $-431.0M | ||
| Q3 25 | $245.8M | $-2.0M | ||
| Q2 25 | $277.6M | $69.0M | ||
| Q1 25 | $120.3M | $56.0M | ||
| Q4 24 | $197.7M | $50.0M | ||
| Q3 24 | $239.0M | $84.0M | ||
| Q2 24 | $245.9M | $37.0M | ||
| Q1 24 | $124.3M | $47.0M |
| Q4 25 | 34.7% | — | ||
| Q3 25 | 32.8% | — | ||
| Q2 25 | 34.8% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 32.6% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 32.5% | — |
| Q4 25 | 18.6% | — | ||
| Q3 25 | 21.7% | — | ||
| Q2 25 | 23.6% | — | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 18.2% | — | ||
| Q3 24 | 20.2% | — | ||
| Q2 24 | 22.1% | — | ||
| Q1 24 | 15.9% | — |
| Q4 25 | 13.6% | -35.0% | ||
| Q3 25 | 17.2% | -0.2% | ||
| Q2 25 | 18.5% | 6.0% | ||
| Q1 25 | 11.2% | 5.0% | ||
| Q4 24 | 14.7% | 4.0% | ||
| Q3 24 | 16.0% | 6.9% | ||
| Q2 24 | 16.9% | 3.5% | ||
| Q1 24 | 11.9% | 4.2% |
| Q4 25 | $4.62 | $-12.00 | ||
| Q3 25 | $6.98 | $-0.07 | ||
| Q2 25 | $7.82 | $1.77 | ||
| Q1 25 | $3.37 | $1.46 | ||
| Q4 24 | $5.52 | $1.29 | ||
| Q3 24 | $6.68 | $2.12 | ||
| Q2 24 | $6.87 | $0.98 | ||
| Q1 24 | $3.47 | $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 | $34.7M | $406.0M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $1.2B | $2.0B |
| Total Assets | $4.1B | $9.8B |
| Debt / EquityLower = less leverage | 0.98× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.7M | $406.0M | ||
| Q3 25 | $59.2M | $474.0M | ||
| Q2 25 | $55.1M | $205.0M | ||
| Q1 25 | $222.9M | $196.0M | ||
| Q4 24 | $422.3M | $197.0M | ||
| Q3 24 | $255.7M | $197.0M | ||
| Q2 24 | $57.8M | $206.0M | ||
| Q1 24 | $57.6M | $237.0M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $838.2M | — | ||
| Q2 25 | $835.7M | — | ||
| Q1 25 | $834.2M | — | ||
| Q4 24 | $833.1M | — | ||
| Q3 24 | $827.6M | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $1.1B | $2.5B | ||
| Q2 25 | $900.5M | $2.5B | ||
| Q1 25 | $852.5M | $2.4B | ||
| Q4 24 | $850.2M | $2.4B | ||
| Q3 24 | $754.0M | $2.4B | ||
| Q2 24 | $577.4M | $2.4B | ||
| Q1 24 | $368.8M | $2.4B |
| Q4 25 | $4.1B | $9.8B | ||
| Q3 25 | $3.5B | $10.1B | ||
| Q2 25 | $3.7B | $9.9B | ||
| Q1 25 | $3.5B | $9.9B | ||
| Q4 24 | $3.5B | $9.8B | ||
| Q3 24 | $3.3B | $9.7B | ||
| Q2 24 | $3.2B | $9.6B | ||
| Q1 24 | $3.0B | $9.9B |
| Q4 25 | 0.98× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.98× | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.95× | — | ||
| Q1 24 | 3.13× | — |
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 | $405.9M | $6.0M |
| Free Cash FlowOCF − Capex | $376.7M | $-6.0M |
| FCF MarginFCF / Revenue | 31.5% | -0.5% |
| Capex IntensityCapex / Revenue | 2.4% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | $638.8M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $405.9M | $6.0M | ||
| Q3 25 | $300.7M | $62.0M | ||
| Q2 25 | $86.8M | $-48.0M | ||
| Q1 25 | $-35.8M | $8.0M | ||
| Q4 24 | $332.4M | $100.0M | ||
| Q3 24 | $452.1M | $72.0M | ||
| Q2 24 | $184.0M | $30.0M | ||
| Q1 24 | $-22.8M | $3.0M |
| Q4 25 | $376.7M | $-6.0M | ||
| Q3 25 | $265.1M | $51.0M | ||
| Q2 25 | $58.3M | $-68.0M | ||
| Q1 25 | $-61.3M | $-6.0M | ||
| Q4 24 | $272.2M | $86.0M | ||
| Q3 24 | $410.9M | $58.0M | ||
| Q2 24 | $151.3M | $17.0M | ||
| Q1 24 | $-52.3M | $-13.0M |
| Q4 25 | 31.5% | -0.5% | ||
| Q3 25 | 18.6% | 4.3% | ||
| Q2 25 | 3.9% | -5.9% | ||
| Q1 25 | -5.7% | -0.5% | ||
| Q4 24 | 20.2% | 6.9% | ||
| Q3 24 | 27.4% | 4.8% | ||
| Q2 24 | 10.4% | 1.6% | ||
| Q1 24 | -5.0% | -1.2% |
| Q4 25 | 2.4% | 1.0% | ||
| Q3 25 | 2.5% | 0.9% | ||
| Q2 25 | 1.9% | 1.7% | ||
| Q1 25 | 2.4% | 1.3% | ||
| Q4 24 | 4.5% | 1.1% | ||
| Q3 24 | 2.8% | 1.1% | ||
| Q2 24 | 2.3% | 1.2% | ||
| Q1 24 | 2.8% | 1.4% |
| Q4 25 | 2.50× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 0.31× | -0.70× | ||
| Q1 25 | -0.30× | 0.14× | ||
| Q4 24 | 1.68× | 2.00× | ||
| Q3 24 | 1.89× | 0.86× | ||
| Q2 24 | 0.75× | 0.81× | ||
| Q1 24 | -0.18× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LII
| Residential Heating And Cooling | $699.8M | 59% |
| Commercial Heating And Cooling | $495.2M | 41% |
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% |
