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Side-by-side financial comparison of LOGITECH INTERNATIONAL S.A. (LOGI) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
LOGITECH INTERNATIONAL S.A. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.2× MARRIOTT VACATIONS WORLDWIDE Corp). LOGITECH INTERNATIONAL S.A. runs the higher net margin — 17.7% vs -35.0%, a 52.7% gap on every dollar of revenue. On growth, LOGITECH INTERNATIONAL S.A. posted the faster year-over-year revenue change (6.1% vs -0.7%). LOGITECH INTERNATIONAL S.A. produced more free cash flow last quarter ($465.6M vs $-6.0M). Over the past eight quarters, LOGITECH INTERNATIONAL S.A.'s revenue compounded faster (18.5% CAGR vs 5.2%).
Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.
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...
LOGI vs VAC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.2B |
| Net Profit | $251.0M | $-431.0M |
| Gross Margin | 43.2% | — |
| Operating Margin | 20.1% | — |
| Net Margin | 17.7% | -35.0% |
| Revenue YoY | 6.1% | -0.7% |
| Net Profit YoY | 25.4% | -962.0% |
| EPS (diluted) | $1.69 | $-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 | $1.4B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.0B | $1.1B | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
| Q4 25 | $251.0M | $-431.0M | ||
| Q3 25 | $170.7M | $-2.0M | ||
| Q2 25 | $146.0M | $69.0M | ||
| Q1 25 | $144.1M | $56.0M | ||
| Q4 24 | $200.1M | $50.0M | ||
| Q3 24 | $145.5M | $84.0M | ||
| Q2 24 | $141.8M | $37.0M | ||
| Q1 24 | $167.6M | $47.0M |
| Q4 25 | 43.2% | — | ||
| Q3 25 | 43.4% | — | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 43.1% | — | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 43.6% | — | ||
| Q2 24 | 42.8% | — | ||
| Q1 24 | 43.2% | — |
| Q4 25 | 20.1% | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 14.4% | — | ||
| Q2 24 | 14.1% | — | ||
| Q1 24 | 12.9% | — |
| Q4 25 | 17.7% | -35.0% | ||
| Q3 25 | 14.4% | -0.2% | ||
| Q2 25 | 12.7% | 6.0% | ||
| Q1 25 | 14.3% | 5.0% | ||
| Q4 24 | 14.9% | 4.0% | ||
| Q3 24 | 13.0% | 6.9% | ||
| Q2 24 | 13.0% | 3.5% | ||
| Q1 24 | 16.6% | 4.2% |
| Q4 25 | $1.69 | $-12.00 | ||
| Q3 25 | $1.15 | $-0.07 | ||
| Q2 25 | $0.98 | $1.77 | ||
| Q1 25 | $0.94 | $1.46 | ||
| Q4 24 | $1.32 | $1.29 | ||
| Q3 24 | $0.95 | $2.12 | ||
| Q2 24 | $0.92 | $0.98 | ||
| Q1 24 | $1.07 | $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 | $1.8B | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3B | $2.0B |
| Total Assets | $4.1B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $406.0M | ||
| Q3 25 | $1.4B | $474.0M | ||
| Q2 25 | $1.5B | $205.0M | ||
| Q1 25 | $1.5B | $196.0M | ||
| Q4 24 | $1.5B | $197.0M | ||
| Q3 24 | $1.4B | $197.0M | ||
| Q2 24 | $1.5B | $206.0M | ||
| Q1 24 | $1.5B | $237.0M |
| Q4 25 | $2.3B | $2.0B | ||
| Q3 25 | $2.1B | $2.5B | ||
| Q2 25 | $2.2B | $2.5B | ||
| Q1 25 | $2.1B | $2.4B | ||
| Q4 24 | $2.1B | $2.4B | ||
| Q3 24 | $2.1B | $2.4B | ||
| Q2 24 | $2.2B | $2.4B | ||
| Q1 24 | $2.2B | $2.4B |
| Q4 25 | $4.1B | $9.8B | ||
| Q3 25 | $3.7B | $10.1B | ||
| Q2 25 | $3.7B | $9.9B | ||
| Q1 25 | $3.5B | $9.9B | ||
| Q4 24 | $3.7B | $9.8B | ||
| Q3 24 | $3.6B | $9.7B | ||
| Q2 24 | $3.7B | $9.6B | ||
| Q1 24 | $3.6B | $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 | $480.5M | $6.0M |
| Free Cash FlowOCF − Capex | $465.6M | $-6.0M |
| FCF MarginFCF / Revenue | 32.8% | -0.5% |
| Capex IntensityCapex / Revenue | 1.0% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | $903.6M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $480.5M | $6.0M | ||
| Q3 25 | $228.8M | $62.0M | ||
| Q2 25 | $125.0M | $-48.0M | ||
| Q1 25 | $129.7M | $8.0M | ||
| Q4 24 | $370.9M | $100.0M | ||
| Q3 24 | $166.0M | $72.0M | ||
| Q2 24 | $176.0M | $30.0M | ||
| Q1 24 | $239.1M | $3.0M |
| Q4 25 | $465.6M | $-6.0M | ||
| Q3 25 | $212.3M | $51.0M | ||
| Q2 25 | $108.8M | $-68.0M | ||
| Q1 25 | $116.9M | $-6.0M | ||
| Q4 24 | $356.6M | $86.0M | ||
| Q3 24 | $151.5M | $58.0M | ||
| Q2 24 | $161.4M | $17.0M | ||
| Q1 24 | $228.8M | $-13.0M |
| Q4 25 | 32.8% | -0.5% | ||
| Q3 25 | 17.9% | 4.3% | ||
| Q2 25 | 9.5% | -5.9% | ||
| Q1 25 | 11.6% | -0.5% | ||
| Q4 24 | 26.6% | 6.9% | ||
| Q3 24 | 13.6% | 4.8% | ||
| Q2 24 | 14.8% | 1.6% | ||
| Q1 24 | 22.6% | -1.2% |
| Q4 25 | 1.0% | 1.0% | ||
| Q3 25 | 1.4% | 0.9% | ||
| Q2 25 | 1.4% | 1.7% | ||
| Q1 25 | 1.3% | 1.3% | ||
| Q4 24 | 1.1% | 1.1% | ||
| Q3 24 | 1.3% | 1.1% | ||
| Q2 24 | 1.3% | 1.2% | ||
| Q1 24 | 1.0% | 1.4% |
| Q4 25 | 1.91× | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | 0.86× | -0.70× | ||
| Q1 25 | 0.90× | 0.14× | ||
| Q4 24 | 1.85× | 2.00× | ||
| Q3 24 | 1.14× | 0.86× | ||
| Q2 24 | 1.24× | 0.81× | ||
| Q1 24 | 1.43× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 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% |
