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Side-by-side financial comparison of Principal Financial Group (PFG) 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 $750.8M, roughly 1.6× Principal Financial Group). Principal Financial Group runs the higher net margin — 0.3% vs -35.0%, a 35.3% gap on every dollar of revenue. On growth, Principal Financial Group posted the faster year-over-year revenue change (4.0% vs -0.7%). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs -58.3%).
Principal Financial GroupPFGEarnings & Financial Report
Principal Financial Group, Inc. (PFG) is an American global financial investment management and insurance company headquartered in Des Moines, Iowa, United States.
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...
PFG vs VAC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $750.8M | $1.2B |
| Net Profit | $1.9M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 0.3% | -35.0% |
| Revenue YoY | 4.0% | -0.7% |
| Net Profit YoY | 783.0% | -962.0% |
| EPS (diluted) | — | $-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.
| Q1 26 | $750.8M | — | ||
| Q4 25 | $4.6B | $1.2B | ||
| Q3 25 | $3.7B | $1.2B | ||
| Q2 25 | $3.7B | $1.2B | ||
| Q1 25 | $3.7B | $1.1B | ||
| Q4 24 | $4.8B | $1.2B | ||
| Q3 24 | $3.0B | $1.2B | ||
| Q2 24 | $4.3B | $1.1B |
| Q1 26 | $1.9M | — | ||
| Q4 25 | $517.0M | $-431.0M | ||
| Q3 25 | $213.8M | $-2.0M | ||
| Q2 25 | $406.2M | $69.0M | ||
| Q1 25 | $48.1M | $56.0M | ||
| Q4 24 | $905.4M | $50.0M | ||
| Q3 24 | $-220.0M | $84.0M | ||
| Q2 24 | $353.1M | $37.0M |
| Q1 26 | 0.3% | — | ||
| Q4 25 | 11.3% | -35.0% | ||
| Q3 25 | 5.8% | -0.2% | ||
| Q2 25 | 11.1% | 6.0% | ||
| Q1 25 | 1.3% | 5.0% | ||
| Q4 24 | 19.1% | 4.0% | ||
| Q3 24 | -7.3% | 6.9% | ||
| Q2 24 | 8.2% | 3.5% |
| Q1 26 | — | — | ||
| Q4 25 | $2.30 | $-12.00 | ||
| Q3 25 | $0.95 | $-0.07 | ||
| Q2 25 | $1.79 | $1.77 | ||
| Q1 25 | $0.21 | $1.46 | ||
| Q4 24 | $3.92 | $1.29 | ||
| Q3 24 | $-0.95 | $2.12 | ||
| Q2 24 | $1.49 | $0.98 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.0B |
| Total Assets | — | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.4B | $406.0M | ||
| Q3 25 | $5.1B | $474.0M | ||
| Q2 25 | $3.7B | $205.0M | ||
| Q1 25 | $3.9B | $196.0M | ||
| Q4 24 | $4.2B | $197.0M | ||
| Q3 24 | $6.2B | $197.0M | ||
| Q2 24 | $4.8B | $206.0M |
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $4.3B | — | ||
| Q4 24 | $4.0B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.9B | — |
| Q1 26 | — | — | ||
| Q4 25 | $11.9B | $2.0B | ||
| Q3 25 | $11.7B | $2.5B | ||
| Q2 25 | $11.4B | $2.5B | ||
| Q1 25 | $11.2B | $2.4B | ||
| Q4 24 | $11.1B | $2.4B | ||
| Q3 24 | $11.2B | $2.4B | ||
| Q2 24 | $11.0B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | $341.4B | $9.8B | ||
| Q3 25 | $334.5B | $10.1B | ||
| Q2 25 | $323.1B | $9.9B | ||
| Q1 25 | $313.0B | $9.9B | ||
| Q4 24 | $313.7B | $9.8B | ||
| Q3 24 | $322.9B | $9.7B | ||
| Q2 24 | $308.8B | $9.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.33× | — | ||
| Q3 25 | 0.34× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.39× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 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 | — | $6.0M |
| Free Cash FlowOCF − Capex | — | $-6.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $6.0M | ||
| Q3 25 | $1.0B | $62.0M | ||
| Q2 25 | $811.9M | $-48.0M | ||
| Q1 25 | $977.3M | $8.0M | ||
| Q4 24 | $1.5B | $100.0M | ||
| Q3 24 | $1.1B | $72.0M | ||
| Q2 24 | $1.4B | $30.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-6.0M | ||
| Q3 25 | — | $51.0M | ||
| Q2 25 | — | $-68.0M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | — | $86.0M | ||
| Q3 24 | — | $58.0M | ||
| Q2 24 | — | $17.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | — | -5.9% | ||
| Q1 25 | — | -0.5% | ||
| Q4 24 | — | 6.9% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 1.1% | ||
| Q2 24 | — | 1.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.37× | — | ||
| Q3 25 | 4.70× | — | ||
| Q2 25 | 2.00× | -0.70× | ||
| Q1 25 | 20.32× | 0.14× | ||
| Q4 24 | 1.61× | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | 4.05× | 0.81× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PFG
Segment breakdown not available.
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% |
