vs
Side-by-side financial comparison of RE/MAX Holdings, Inc. (RMAX) 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 $71.1M, roughly 17.3× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -35.0%, a 37.0% gap on every dollar of revenue. On growth, MARRIOTT VACATIONS WORLDWIDE Corp posted the faster year-over-year revenue change (-0.7% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($10.2M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs -4.7%).
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
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...
RMAX vs VAC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $71.1M | $1.2B |
| Net Profit | $1.4M | $-431.0M |
| Gross Margin | — | — |
| Operating Margin | 13.1% | — |
| Net Margin | 2.0% | -35.0% |
| Revenue YoY | -1.8% | -0.7% |
| Net Profit YoY | -75.2% | -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.
| Q4 25 | $71.1M | $1.2B | ||
| Q3 25 | $73.2M | $1.2B | ||
| Q2 25 | $72.8M | $1.2B | ||
| Q1 25 | $74.5M | $1.1B | ||
| Q4 24 | $72.5M | $1.2B | ||
| Q3 24 | $78.5M | $1.2B | ||
| Q2 24 | $78.5M | $1.1B | ||
| Q1 24 | $78.3M | $1.1B |
| Q4 25 | $1.4M | $-431.0M | ||
| Q3 25 | $4.0M | $-2.0M | ||
| Q2 25 | $4.7M | $69.0M | ||
| Q1 25 | $-2.0M | $56.0M | ||
| Q4 24 | $5.8M | $50.0M | ||
| Q3 24 | $966.0K | $84.0M | ||
| Q2 24 | $3.7M | $37.0M | ||
| Q1 24 | $-3.4M | $47.0M |
| Q4 25 | 13.1% | — | ||
| Q3 25 | 25.0% | — | ||
| Q2 25 | 19.3% | — | ||
| Q1 25 | 7.2% | — | ||
| Q4 24 | 5.9% | — | ||
| Q3 24 | 19.4% | — | ||
| Q2 24 | 20.6% | — | ||
| Q1 24 | 5.8% | — |
| Q4 25 | 2.0% | -35.0% | ||
| Q3 25 | 5.4% | -0.2% | ||
| Q2 25 | 6.4% | 6.0% | ||
| Q1 25 | -2.6% | 5.0% | ||
| Q4 24 | 8.0% | 4.0% | ||
| Q3 24 | 1.2% | 6.9% | ||
| Q2 24 | 4.7% | 3.5% | ||
| Q1 24 | -4.3% | 4.2% |
| Q4 25 | — | $-12.00 | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $1.77 | ||
| Q1 25 | — | $1.46 | ||
| Q4 24 | — | $1.29 | ||
| Q3 24 | — | $2.12 | ||
| Q2 24 | — | $0.98 | ||
| Q1 24 | — | $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 | $118.7M | $406.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $452.4M | $2.0B |
| Total Assets | $582.5M | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $118.7M | $406.0M | ||
| Q3 25 | $107.5M | $474.0M | ||
| Q2 25 | $94.3M | $205.0M | ||
| Q1 25 | $89.1M | $196.0M | ||
| Q4 24 | $96.6M | $197.0M | ||
| Q3 24 | $83.8M | $197.0M | ||
| Q2 24 | $66.1M | $206.0M | ||
| Q1 24 | $82.1M | $237.0M |
| Q4 25 | $452.4M | $2.0B | ||
| Q3 25 | $448.1M | $2.5B | ||
| Q2 25 | $442.4M | $2.5B | ||
| Q1 25 | $433.5M | $2.4B | ||
| Q4 24 | $429.5M | $2.4B | ||
| Q3 24 | $423.1M | $2.4B | ||
| Q2 24 | $418.4M | $2.4B | ||
| Q1 24 | $412.0M | $2.4B |
| Q4 25 | $582.5M | $9.8B | ||
| Q3 25 | $582.2M | $10.1B | ||
| Q2 25 | $574.8M | $9.9B | ||
| Q1 25 | $571.4M | $9.9B | ||
| Q4 24 | $581.6M | $9.8B | ||
| Q3 24 | $578.6M | $9.7B | ||
| Q2 24 | $571.4M | $9.6B | ||
| Q1 24 | $566.7M | $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 | $12.9M | $6.0M |
| Free Cash FlowOCF − Capex | $10.2M | $-6.0M |
| FCF MarginFCF / Revenue | 14.3% | -0.5% |
| Capex IntensityCapex / Revenue | 3.9% | 1.0% |
| Cash ConversionOCF / Net Profit | 8.97× | — |
| TTM Free Cash FlowTrailing 4 quarters | $33.5M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $6.0M | ||
| Q3 25 | $17.7M | $62.0M | ||
| Q2 25 | $4.6M | $-48.0M | ||
| Q1 25 | $5.7M | $8.0M | ||
| Q4 24 | $16.8M | $100.0M | ||
| Q3 24 | $17.6M | $72.0M | ||
| Q2 24 | $15.9M | $30.0M | ||
| Q1 24 | $9.4M | $3.0M |
| Q4 25 | $10.2M | $-6.0M | ||
| Q3 25 | $16.4M | $51.0M | ||
| Q2 25 | $2.9M | $-68.0M | ||
| Q1 25 | $4.0M | $-6.0M | ||
| Q4 24 | $16.0M | $86.0M | ||
| Q3 24 | $16.3M | $58.0M | ||
| Q2 24 | $14.0M | $17.0M | ||
| Q1 24 | $6.8M | $-13.0M |
| Q4 25 | 14.3% | -0.5% | ||
| Q3 25 | 22.4% | 4.3% | ||
| Q2 25 | 4.0% | -5.9% | ||
| Q1 25 | 5.3% | -0.5% | ||
| Q4 24 | 22.1% | 6.9% | ||
| Q3 24 | 20.8% | 4.8% | ||
| Q2 24 | 17.8% | 1.6% | ||
| Q1 24 | 8.6% | -1.2% |
| Q4 25 | 3.9% | 1.0% | ||
| Q3 25 | 1.8% | 0.9% | ||
| Q2 25 | 2.2% | 1.7% | ||
| Q1 25 | 2.3% | 1.3% | ||
| Q4 24 | 1.1% | 1.1% | ||
| Q3 24 | 1.7% | 1.1% | ||
| Q2 24 | 2.4% | 1.2% | ||
| Q1 24 | 3.3% | 1.4% |
| Q4 25 | 8.97× | — | ||
| Q3 25 | 4.45× | — | ||
| Q2 25 | 0.97× | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | 2.89× | 2.00× | ||
| Q3 24 | 18.22× | 0.86× | ||
| Q2 24 | 4.29× | 0.81× | ||
| Q1 24 | — | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
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% |
