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Side-by-side financial comparison of Magnera Corp (MAGN) 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 $792.0M, roughly 1.6× Magnera Corp). Magnera Corp runs the higher net margin — -4.3% vs -35.0%, a 30.7% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs -0.7%). MARRIOTT VACATIONS WORLDWIDE Corp produced more free cash flow last quarter ($-6.0M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 5.2%).
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...
MAGN vs VAC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $1.2B |
| Net Profit | $-34.0M | $-431.0M |
| Gross Margin | 12.2% | — |
| Operating Margin | 1.8% | — |
| Net Margin | -4.3% | -35.0% |
| Revenue YoY | 12.8% | -0.7% |
| Net Profit YoY | 43.3% | -962.0% |
| EPS (diluted) | $-0.95 | $-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 | $792.0M | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | $839.0M | $1.2B | ||
| Q1 25 | $824.0M | $1.1B | ||
| Q4 24 | $702.0M | $1.2B | ||
| Q3 24 | $332.1M | $1.2B | ||
| Q2 24 | $556.0M | $1.1B | ||
| Q1 24 | $558.0M | $1.1B |
| Q4 25 | $-34.0M | $-431.0M | ||
| Q3 25 | — | $-2.0M | ||
| Q2 25 | $-18.0M | $69.0M | ||
| Q1 25 | $-41.0M | $56.0M | ||
| Q4 24 | $-60.0M | $50.0M | ||
| Q3 24 | $-15.2M | $84.0M | ||
| Q2 24 | $19.0M | $37.0M | ||
| Q1 24 | $14.0M | $47.0M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 6.2% | — |
| Q4 25 | 1.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | -3.1% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 3.8% | — |
| Q4 25 | -4.3% | -35.0% | ||
| Q3 25 | — | -0.2% | ||
| Q2 25 | -2.1% | 6.0% | ||
| Q1 25 | -5.0% | 5.0% | ||
| Q4 24 | -8.5% | 4.0% | ||
| Q3 24 | -4.6% | 6.9% | ||
| Q2 24 | 3.4% | 3.5% | ||
| Q1 24 | 2.5% | 4.2% |
| Q4 25 | $-0.95 | $-12.00 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | $-0.51 | $1.77 | ||
| Q1 25 | $-1.15 | $1.46 | ||
| Q4 24 | $-1.69 | $1.29 | ||
| Q3 24 | $-0.33 | $2.12 | ||
| Q2 24 | $0.60 | $0.98 | ||
| Q1 24 | $0.44 | $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 | $264.0M | $406.0M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.0B | $2.0B |
| Total Assets | $3.9B | $9.8B |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $264.0M | $406.0M | ||
| Q3 25 | — | $474.0M | ||
| Q2 25 | $276.0M | $205.0M | ||
| Q1 25 | $282.0M | $196.0M | ||
| Q4 24 | $215.0M | $197.0M | ||
| Q3 24 | $230.0M | $197.0M | ||
| Q2 24 | $33.9M | $206.0M | ||
| Q1 24 | $30.2M | $237.0M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $877.4M | — | ||
| Q1 24 | $884.7M | — |
| Q4 25 | $1.0B | $2.0B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $1.1B | $2.5B | ||
| Q1 25 | $1.1B | $2.4B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $2.1B | $2.4B | ||
| Q2 24 | $2.4B | $2.4B | ||
| Q1 24 | $2.4B | $2.4B |
| Q4 25 | $3.9B | $9.8B | ||
| Q3 25 | — | $10.1B | ||
| Q2 25 | $4.1B | $9.9B | ||
| Q1 25 | $4.1B | $9.9B | ||
| Q4 24 | $4.0B | $9.8B | ||
| Q3 24 | $2.8B | $9.7B | ||
| Q2 24 | $1.5B | $9.6B | ||
| Q1 24 | $1.5B | $9.9B |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.80× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.36× | — |
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 | $2.0M | $6.0M |
| Free Cash FlowOCF − Capex | $-13.0M | $-6.0M |
| FCF MarginFCF / Revenue | -1.6% | -0.5% |
| Capex IntensityCapex / Revenue | 1.9% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0M | $6.0M | ||
| Q3 25 | — | $62.0M | ||
| Q2 25 | $0 | $-48.0M | ||
| Q1 25 | $65.0M | $8.0M | ||
| Q4 24 | $-58.0M | $100.0M | ||
| Q3 24 | $12.2M | $72.0M | ||
| Q2 24 | $38.0M | $30.0M | ||
| Q1 24 | $20.0M | $3.0M |
| Q4 25 | $-13.0M | $-6.0M | ||
| Q3 25 | — | $51.0M | ||
| Q2 25 | — | $-68.0M | ||
| Q1 25 | $42.0M | $-6.0M | ||
| Q4 24 | $-74.0M | $86.0M | ||
| Q3 24 | $3.6M | $58.0M | ||
| Q2 24 | $23.0M | $17.0M | ||
| Q1 24 | $12.5M | $-13.0M |
| Q4 25 | -1.6% | -0.5% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | -5.9% | ||
| Q1 25 | 5.1% | -0.5% | ||
| Q4 24 | -10.5% | 6.9% | ||
| Q3 24 | 1.1% | 4.8% | ||
| Q2 24 | 4.1% | 1.6% | ||
| Q1 24 | 2.2% | -1.2% |
| Q4 25 | 1.9% | 1.0% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | 1.5% | 1.7% | ||
| Q1 25 | 2.8% | 1.3% | ||
| Q4 24 | 2.3% | 1.1% | ||
| Q3 24 | 2.6% | 1.1% | ||
| Q2 24 | 2.7% | 1.2% | ||
| Q1 24 | 1.3% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | 2.00× | 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
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
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% |
