vs
Side-by-side financial comparison of BLUE OWL CAPITAL INC. (OWL) 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 $755.6M, roughly 1.6× BLUE OWL CAPITAL INC.). BLUE OWL CAPITAL INC. runs the higher net margin — 6.3% vs -35.0%, a 41.3% gap on every dollar of revenue. On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs -0.7%). BLUE OWL CAPITAL INC. produced more free cash flow last quarter ($359.1M vs $-6.0M). Over the past eight quarters, BLUE OWL CAPITAL INC.'s revenue compounded faster (21.3% CAGR vs 5.2%).
Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.
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...
OWL vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $755.6M | $1.2B |
| Net Profit | $47.7M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | 22.2% | — |
| Net Margin | 6.3% | -35.0% |
| Revenue YoY | 19.7% | -0.7% |
| Net Profit YoY | 129.8% | -962.0% |
| EPS (diluted) | $0.07 | $-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 | $755.6M | $1.2B | ||
| Q3 25 | $728.0M | $1.2B | ||
| Q2 25 | $703.1M | $1.2B | ||
| Q1 25 | $683.5M | $1.1B | ||
| Q4 24 | $631.4M | $1.2B | ||
| Q3 24 | $600.9M | $1.2B | ||
| Q2 24 | $549.8M | $1.1B | ||
| Q1 24 | $513.3M | $1.1B |
| Q4 25 | $47.7M | $-431.0M | ||
| Q3 25 | $6.3M | $-2.0M | ||
| Q2 25 | $17.4M | $69.0M | ||
| Q1 25 | $7.4M | $56.0M | ||
| Q4 24 | $20.7M | $50.0M | ||
| Q3 24 | $29.8M | $84.0M | ||
| Q2 24 | $33.9M | $37.0M | ||
| Q1 24 | $25.1M | $47.0M |
| Q4 25 | 22.2% | — | ||
| Q3 25 | 7.6% | — | ||
| Q2 25 | 12.0% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 18.7% | — | ||
| Q2 24 | 28.4% | — | ||
| Q1 24 | 24.7% | — |
| Q4 25 | 6.3% | -35.0% | ||
| Q3 25 | 0.9% | -0.2% | ||
| Q2 25 | 2.5% | 6.0% | ||
| Q1 25 | 1.1% | 5.0% | ||
| Q4 24 | 3.3% | 4.0% | ||
| Q3 24 | 5.0% | 6.9% | ||
| Q2 24 | 6.2% | 3.5% | ||
| Q1 24 | 4.9% | 4.2% |
| Q4 25 | $0.07 | $-12.00 | ||
| Q3 25 | $0.01 | $-0.07 | ||
| Q2 25 | $0.02 | $1.77 | ||
| Q1 25 | $0.00 | $1.46 | ||
| Q4 24 | $0.06 | $1.29 | ||
| Q3 24 | $0.04 | $2.12 | ||
| Q2 24 | $0.06 | $0.98 | ||
| Q1 24 | $0.04 | $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 | $194.5M | $406.0M |
| Total DebtLower is stronger | $3.3B | — |
| Stockholders' EquityBook value | $2.2B | $2.0B |
| Total Assets | $12.5B | $9.8B |
| Debt / EquityLower = less leverage | 1.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $194.5M | $406.0M | ||
| Q3 25 | $137.3M | $474.0M | ||
| Q2 25 | $117.6M | $205.0M | ||
| Q1 25 | $97.6M | $196.0M | ||
| Q4 24 | $152.1M | $197.0M | ||
| Q3 24 | $115.9M | $197.0M | ||
| Q2 24 | $436.8M | $206.0M | ||
| Q1 24 | $155.8M | $237.0M |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.2B | — | ||
| Q2 25 | $3.2B | — | ||
| Q1 25 | $3.2B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | $2.1B | — |
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.3B | $2.5B | ||
| Q2 25 | $2.4B | $2.5B | ||
| Q1 25 | $2.3B | $2.4B | ||
| Q4 24 | $2.1B | $2.4B | ||
| Q3 24 | $2.0B | $2.4B | ||
| Q2 24 | $1.7B | $2.4B | ||
| Q1 24 | $1.6B | $2.4B |
| Q4 25 | $12.5B | $9.8B | ||
| Q3 25 | $12.5B | $10.1B | ||
| Q2 25 | $12.3B | $9.9B | ||
| Q1 25 | $12.3B | $9.9B | ||
| Q4 24 | $11.0B | $9.8B | ||
| Q3 24 | $10.8B | $9.7B | ||
| Q2 24 | $9.7B | $9.6B | ||
| Q1 24 | $9.0B | $9.9B |
| Q4 25 | 1.51× | — | ||
| Q3 25 | 1.41× | — | ||
| Q2 25 | 1.38× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | 1.41× | — | ||
| Q1 24 | 1.26× | — |
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 | $382.9M | $6.0M |
| Free Cash FlowOCF − Capex | $359.1M | $-6.0M |
| FCF MarginFCF / Revenue | 47.5% | -0.5% |
| Capex IntensityCapex / Revenue | 3.1% | 1.0% |
| Cash ConversionOCF / Net Profit | 8.03× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $382.9M | $6.0M | ||
| Q3 25 | $433.1M | $62.0M | ||
| Q2 25 | $422.5M | $-48.0M | ||
| Q1 25 | $17.6M | $8.0M | ||
| Q4 24 | $324.0M | $100.0M | ||
| Q3 24 | $326.0M | $72.0M | ||
| Q2 24 | $302.3M | $30.0M | ||
| Q1 24 | $47.2M | $3.0M |
| Q4 25 | $359.1M | $-6.0M | ||
| Q3 25 | $422.5M | $51.0M | ||
| Q2 25 | $412.5M | $-68.0M | ||
| Q1 25 | $4.2M | $-6.0M | ||
| Q4 24 | $310.1M | $86.0M | ||
| Q3 24 | $314.8M | $58.0M | ||
| Q2 24 | $269.4M | $17.0M | ||
| Q1 24 | $41.1M | $-13.0M |
| Q4 25 | 47.5% | -0.5% | ||
| Q3 25 | 58.0% | 4.3% | ||
| Q2 25 | 58.7% | -5.9% | ||
| Q1 25 | 0.6% | -0.5% | ||
| Q4 24 | 49.1% | 6.9% | ||
| Q3 24 | 52.4% | 4.8% | ||
| Q2 24 | 49.0% | 1.6% | ||
| Q1 24 | 8.0% | -1.2% |
| Q4 25 | 3.1% | 1.0% | ||
| Q3 25 | 1.5% | 0.9% | ||
| Q2 25 | 1.4% | 1.7% | ||
| Q1 25 | 2.0% | 1.3% | ||
| Q4 24 | 2.2% | 1.1% | ||
| Q3 24 | 1.9% | 1.1% | ||
| Q2 24 | 6.0% | 1.2% | ||
| Q1 24 | 1.2% | 1.4% |
| Q4 25 | 8.03× | — | ||
| Q3 25 | 68.64× | — | ||
| Q2 25 | 24.25× | -0.70× | ||
| Q1 25 | 2.37× | 0.14× | ||
| Q4 24 | 15.62× | 2.00× | ||
| Q3 24 | 10.94× | 0.86× | ||
| Q2 24 | 8.91× | 0.81× | ||
| Q1 24 | 1.88× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
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% |
