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Side-by-side financial comparison of Tronox Holdings plc (TROX) 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 $730.0M, roughly 1.7× Tronox Holdings plc). Tronox Holdings plc runs the higher net margin — -24.1% vs -35.0%, a 10.9% gap on every dollar of revenue. On growth, Tronox Holdings plc posted the faster year-over-year revenue change (8.0% vs -0.7%). Tronox Holdings plc produced more free cash flow last quarter ($53.0M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs -2.9%).
Tronox Limited is an American worldwide chemical company involved in the titanium products industry with approximately 6,500 employees. Following its acquisition of the mineral sands business formerly belonging to South Africa's Exxaro Resources, Tronox is the largest fully integrated seller and marketer of titanium dioxide (TiO2) pigment, which provides brightness to applications such as coatings, plastics and paper. Tronox mines titanium-bearing mineral sands and operates upgrading faciliti...
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...
TROX vs VAC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $730.0M | $1.2B |
| Net Profit | $-176.0M | $-431.0M |
| Gross Margin | 5.3% | — |
| Operating Margin | -15.6% | — |
| Net Margin | -24.1% | -35.0% |
| Revenue YoY | 8.0% | -0.7% |
| Net Profit YoY | -486.7% | -962.0% |
| EPS (diluted) | $-1.11 | $-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 | $730.0M | $1.2B | ||
| Q3 25 | $699.0M | $1.2B | ||
| Q2 25 | $731.0M | $1.2B | ||
| Q1 25 | $738.0M | $1.1B | ||
| Q4 24 | $676.0M | $1.2B | ||
| Q3 24 | $804.0M | $1.2B | ||
| Q2 24 | $820.0M | $1.1B | ||
| Q1 24 | $774.0M | $1.1B |
| Q4 25 | $-176.0M | $-431.0M | ||
| Q3 25 | $-99.0M | $-2.0M | ||
| Q2 25 | $-84.0M | $69.0M | ||
| Q1 25 | $-111.0M | $56.0M | ||
| Q4 24 | $-30.0M | $50.0M | ||
| Q3 24 | $-25.0M | $84.0M | ||
| Q2 24 | $16.0M | $37.0M | ||
| Q1 24 | $-9.0M | $47.0M |
| Q4 25 | 5.3% | — | ||
| Q3 25 | 7.4% | — | ||
| Q2 25 | 10.8% | — | ||
| Q1 25 | 13.4% | — | ||
| Q4 24 | 17.3% | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 18.3% | — | ||
| Q1 24 | 15.5% | — |
| Q4 25 | -15.6% | — | ||
| Q3 25 | -6.2% | — | ||
| Q2 25 | -4.8% | — | ||
| Q1 25 | -8.3% | — | ||
| Q4 24 | 7.1% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 9.3% | — | ||
| Q1 24 | 5.3% | — |
| Q4 25 | -24.1% | -35.0% | ||
| Q3 25 | -14.2% | -0.2% | ||
| Q2 25 | -11.5% | 6.0% | ||
| Q1 25 | -15.0% | 5.0% | ||
| Q4 24 | -4.4% | 4.0% | ||
| Q3 24 | -3.1% | 6.9% | ||
| Q2 24 | 2.0% | 3.5% | ||
| Q1 24 | -1.2% | 4.2% |
| Q4 25 | $-1.11 | $-12.00 | ||
| Q3 25 | $-0.63 | $-0.07 | ||
| Q2 25 | $-0.53 | $1.77 | ||
| Q1 25 | $-0.70 | $1.46 | ||
| Q4 24 | $-0.19 | $1.29 | ||
| Q3 24 | $-0.16 | $2.12 | ||
| Q2 24 | $0.10 | $0.98 | ||
| Q1 24 | $-0.06 | $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 | $199.0M | $406.0M |
| Total DebtLower is stronger | $3.1B | — |
| Stockholders' EquityBook value | $1.4B | $2.0B |
| Total Assets | $6.2B | $9.8B |
| Debt / EquityLower = less leverage | 2.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $199.0M | $406.0M | ||
| Q3 25 | $185.0M | $474.0M | ||
| Q2 25 | $132.0M | $205.0M | ||
| Q1 25 | $138.0M | $196.0M | ||
| Q4 24 | $151.0M | $197.0M | ||
| Q3 24 | $167.0M | $197.0M | ||
| Q2 24 | $201.0M | $206.0M | ||
| Q1 24 | $152.0M | $237.0M |
| Q4 25 | $3.1B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.8B | — |
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.6B | $2.5B | ||
| Q2 25 | $1.6B | $2.5B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.9B | $2.4B | ||
| Q2 24 | $1.9B | $2.4B | ||
| Q1 24 | $1.9B | $2.4B |
| Q4 25 | $6.2B | $9.8B | ||
| Q3 25 | $6.3B | $10.1B | ||
| Q2 25 | $6.2B | $9.9B | ||
| Q1 25 | $6.1B | $9.9B | ||
| Q4 24 | $6.0B | $9.8B | ||
| Q3 24 | $6.2B | $9.7B | ||
| Q2 24 | $6.1B | $9.6B | ||
| Q1 24 | $6.0B | $9.9B |
| Q4 25 | 2.21× | — | ||
| Q3 25 | 2.01× | — | ||
| Q2 25 | 1.67× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.57× | — | ||
| Q3 24 | 1.45× | — | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 1.48× | — |
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 | $121.0M | $6.0M |
| Free Cash FlowOCF − Capex | $53.0M | $-6.0M |
| FCF MarginFCF / Revenue | 7.3% | -0.5% |
| Capex IntensityCapex / Revenue | 9.3% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-281.0M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $121.0M | $6.0M | ||
| Q3 25 | $-57.0M | $62.0M | ||
| Q2 25 | $28.0M | $-48.0M | ||
| Q1 25 | $-32.0M | $8.0M | ||
| Q4 24 | $82.0M | $100.0M | ||
| Q3 24 | $87.0M | $72.0M | ||
| Q2 24 | $160.0M | $30.0M | ||
| Q1 24 | $-29.0M | $3.0M |
| Q4 25 | $53.0M | $-6.0M | ||
| Q3 25 | $-137.0M | $51.0M | ||
| Q2 25 | $-55.0M | $-68.0M | ||
| Q1 25 | $-142.0M | $-6.0M | ||
| Q4 24 | $-35.0M | $86.0M | ||
| Q3 24 | $-14.0M | $58.0M | ||
| Q2 24 | $84.0M | $17.0M | ||
| Q1 24 | $-105.0M | $-13.0M |
| Q4 25 | 7.3% | -0.5% | ||
| Q3 25 | -19.6% | 4.3% | ||
| Q2 25 | -7.5% | -5.9% | ||
| Q1 25 | -19.2% | -0.5% | ||
| Q4 24 | -5.2% | 6.9% | ||
| Q3 24 | -1.7% | 4.8% | ||
| Q2 24 | 10.2% | 1.6% | ||
| Q1 24 | -13.6% | -1.2% |
| Q4 25 | 9.3% | 1.0% | ||
| Q3 25 | 11.4% | 0.9% | ||
| Q2 25 | 11.4% | 1.7% | ||
| Q1 25 | 14.9% | 1.3% | ||
| Q4 24 | 17.3% | 1.1% | ||
| Q3 24 | 12.6% | 1.1% | ||
| Q2 24 | 9.3% | 1.2% | ||
| Q1 24 | 9.8% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | 10.00× | 0.81× | ||
| Q1 24 | — | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TROX
| Ti O2 | $577.0M | 79% |
| Zircon | $78.0M | 11% |
| Idle Facility And Lower Of Cost Or Net Realizable Value Charges | $42.0M | 6% |
| Other | $20.0M | 3% |
| MGT | $13.0M | 2% |
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% |
