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Side-by-side financial comparison of NCR Atleos Corp (NATL) 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 1.1× NCR Atleos Corp). NCR Atleos Corp runs the higher net margin — 7.2% vs -35.0%, a 42.2% gap on every dollar of revenue. On growth, NCR Atleos Corp posted the faster year-over-year revenue change (4.0% vs -0.7%). NCR Atleos Corp produced more free cash flow last quarter ($194.0M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs 4.9%).
NCR Voyix Corporation, previously known as NCR Corporation and National Cash Register, is a global software, consulting and technology company providing several professional services and electronic products. It manufactured self-service kiosks, point-of-sale terminals, automated teller machines, check processing systems, and barcode scanners.
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...
NATL vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.2B |
| Net Profit | $83.0M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | 13.5% | — |
| Net Margin | 7.2% | -35.0% |
| Revenue YoY | 4.0% | -0.7% |
| Net Profit YoY | 102.4% | -962.0% |
| EPS (diluted) | $1.09 | $-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 | $1.1B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $979.0M | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
| Q4 25 | $83.0M | $-431.0M | ||
| Q3 25 | $26.0M | $-2.0M | ||
| Q2 25 | $39.0M | $69.0M | ||
| Q1 25 | $14.0M | $56.0M | ||
| Q4 24 | $41.0M | $50.0M | ||
| Q3 24 | $21.0M | $84.0M | ||
| Q2 24 | $27.0M | $37.0M | ||
| Q1 24 | $-9.0M | $47.0M |
| Q4 25 | 13.5% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 10.8% | — | ||
| Q1 25 | 9.5% | — | ||
| Q4 24 | 13.4% | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | 9.8% | — | ||
| Q1 24 | 6.5% | — |
| Q4 25 | 7.2% | -35.0% | ||
| Q3 25 | 2.3% | -0.2% | ||
| Q2 25 | 3.5% | 6.0% | ||
| Q1 25 | 1.4% | 5.0% | ||
| Q4 24 | 3.7% | 4.0% | ||
| Q3 24 | 2.0% | 6.9% | ||
| Q2 24 | 2.5% | 3.5% | ||
| Q1 24 | -0.9% | 4.2% |
| Q4 25 | $1.09 | $-12.00 | ||
| Q3 25 | $0.34 | $-0.07 | ||
| Q2 25 | $0.52 | $1.77 | ||
| Q1 25 | $0.19 | $1.46 | ||
| Q4 24 | $0.56 | $1.29 | ||
| Q3 24 | $0.28 | $2.12 | ||
| Q2 24 | $0.37 | $0.98 | ||
| Q1 24 | $-0.13 | $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 | $456.0M | $406.0M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $403.0M | $2.0B |
| Total Assets | $5.7B | $9.8B |
| Debt / EquityLower = less leverage | 6.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $456.0M | $406.0M | ||
| Q3 25 | $412.0M | $474.0M | ||
| Q2 25 | $357.0M | $205.0M | ||
| Q1 25 | $352.0M | $196.0M | ||
| Q4 24 | $419.0M | $197.0M | ||
| Q3 24 | $395.0M | $197.0M | ||
| Q2 24 | $374.0M | $206.0M | ||
| Q1 24 | $343.0M | $237.0M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.8B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $403.0M | $2.0B | ||
| Q3 25 | $330.0M | $2.5B | ||
| Q2 25 | $350.0M | $2.5B | ||
| Q1 25 | $275.0M | $2.4B | ||
| Q4 24 | $219.0M | $2.4B | ||
| Q3 24 | $264.0M | $2.4B | ||
| Q2 24 | $250.0M | $2.4B | ||
| Q1 24 | $283.0M | $2.4B |
| Q4 25 | $5.7B | $9.8B | ||
| Q3 25 | $5.7B | $10.1B | ||
| Q2 25 | $5.8B | $9.9B | ||
| Q1 25 | $5.7B | $9.9B | ||
| Q4 24 | $5.5B | $9.8B | ||
| Q3 24 | $5.7B | $9.7B | ||
| Q2 24 | $5.8B | $9.6B | ||
| Q1 24 | $5.8B | $9.9B |
| Q4 25 | 6.63× | — | ||
| Q3 25 | 8.45× | — | ||
| Q2 25 | 8.05× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 13.05× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $231.0M | $6.0M |
| Free Cash FlowOCF − Capex | $194.0M | $-6.0M |
| FCF MarginFCF / Revenue | 16.8% | -0.5% |
| Capex IntensityCapex / Revenue | 3.2% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $231.0M | $6.0M | ||
| Q3 25 | $25.0M | $62.0M | ||
| Q2 25 | $-23.0M | $-48.0M | ||
| Q1 25 | $123.0M | $8.0M | ||
| Q4 24 | $80.0M | $100.0M | ||
| Q3 24 | $107.0M | $72.0M | ||
| Q2 24 | $9.0M | $30.0M | ||
| Q1 24 | $148.0M | $3.0M |
| Q4 25 | $194.0M | $-6.0M | ||
| Q3 25 | $-5.0M | $51.0M | ||
| Q2 25 | $-44.0M | $-68.0M | ||
| Q1 25 | $94.0M | $-6.0M | ||
| Q4 24 | $62.0M | $86.0M | ||
| Q3 24 | $85.0M | $58.0M | ||
| Q2 24 | $-14.0M | $17.0M | ||
| Q1 24 | $124.0M | $-13.0M |
| Q4 25 | 16.8% | -0.5% | ||
| Q3 25 | -0.4% | 4.3% | ||
| Q2 25 | -4.0% | -5.9% | ||
| Q1 25 | 9.6% | -0.5% | ||
| Q4 24 | 5.6% | 6.9% | ||
| Q3 24 | 7.9% | 4.8% | ||
| Q2 24 | -1.3% | 1.6% | ||
| Q1 24 | 11.9% | -1.2% |
| Q4 25 | 3.2% | 1.0% | ||
| Q3 25 | 2.7% | 0.9% | ||
| Q2 25 | 1.9% | 1.7% | ||
| Q1 25 | 3.0% | 1.3% | ||
| Q4 24 | 1.6% | 1.1% | ||
| Q3 24 | 2.1% | 1.1% | ||
| Q2 24 | 2.1% | 1.2% | ||
| Q1 24 | 2.3% | 1.4% |
| Q4 25 | 2.78× | — | ||
| Q3 25 | 0.96× | — | ||
| Q2 25 | -0.59× | -0.70× | ||
| Q1 25 | 8.79× | 0.14× | ||
| Q4 24 | 1.95× | 2.00× | ||
| Q3 24 | 5.10× | 0.86× | ||
| Q2 24 | 0.33× | 0.81× | ||
| Q1 24 | — | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
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% |
