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Side-by-side financial comparison of Under Armour, Inc. (UAA) and MARRIOTT VACATIONS WORLDWIDE Corp (VAC). Click either name above to swap in a different company.
Under Armour, Inc. is the larger business by last-quarter revenue ($1.3B vs $1.2B, roughly 1.1× MARRIOTT VACATIONS WORLDWIDE Corp). Under Armour, Inc. runs the higher net margin — -32.4% vs -35.0%, a 2.6% gap on every dollar of revenue. On growth, MARRIOTT VACATIONS WORLDWIDE Corp posted the faster year-over-year revenue change (-0.7% vs -5.2%). Under Armour, Inc. produced more free cash flow last quarter ($261.9M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs -0.2%).
Under Armour, Inc. is an American sportswear company that manufactures footwear and apparel headquartered in Baltimore, Maryland, 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...
UAA vs VAC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.2B |
| Net Profit | $-430.8M | $-431.0M |
| Gross Margin | 44.4% | — |
| Operating Margin | -11.3% | — |
| Net Margin | -32.4% | -35.0% |
| Revenue YoY | -5.2% | -0.7% |
| Net Profit YoY | -35013.0% | -962.0% |
| EPS (diluted) | $-1.01 | $-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 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $1.1B | $1.2B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.4B | $1.2B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
| Q4 25 | $-430.8M | $-431.0M | ||
| Q3 25 | $-18.8M | $-2.0M | ||
| Q2 25 | $-2.6M | $69.0M | ||
| Q1 25 | $-67.5M | $56.0M | ||
| Q4 24 | $1.2M | $50.0M | ||
| Q3 24 | $170.4M | $84.0M | ||
| Q2 24 | $-305.4M | $37.0M | ||
| Q1 24 | $6.6M | $47.0M |
| Q4 25 | 44.4% | — | ||
| Q3 25 | 47.3% | — | ||
| Q2 25 | 48.2% | — | ||
| Q1 25 | 46.7% | — | ||
| Q4 24 | 47.5% | — | ||
| Q3 24 | 49.8% | — | ||
| Q2 24 | 47.5% | — | ||
| Q1 24 | 45.0% | — |
| Q4 25 | -11.3% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | -6.1% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 12.4% | — | ||
| Q2 24 | -25.3% | — | ||
| Q1 24 | -0.3% | — |
| Q4 25 | -32.4% | -35.0% | ||
| Q3 25 | -1.4% | -0.2% | ||
| Q2 25 | -0.2% | 6.0% | ||
| Q1 25 | -5.7% | 5.0% | ||
| Q4 24 | 0.1% | 4.0% | ||
| Q3 24 | 12.2% | 6.9% | ||
| Q2 24 | -25.8% | 3.5% | ||
| Q1 24 | 0.5% | 4.2% |
| Q4 25 | $-1.01 | $-12.00 | ||
| Q3 25 | $-0.04 | $-0.07 | ||
| Q2 25 | $-0.01 | $1.77 | ||
| Q1 25 | $-0.16 | $1.46 | ||
| Q4 24 | $0.00 | $1.29 | ||
| Q3 24 | $0.39 | $2.12 | ||
| Q2 24 | $-0.70 | $0.98 | ||
| Q1 24 | $0.02 | $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 | $464.6M | $406.0M |
| Total DebtLower is stronger | $989.7M | — |
| Stockholders' EquityBook value | $1.4B | $2.0B |
| Total Assets | $4.6B | $9.8B |
| Debt / EquityLower = less leverage | 0.69× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $406.0M | ||
| Q3 25 | $396.0M | $474.0M | ||
| Q2 25 | $911.0M | $205.0M | ||
| Q1 25 | $501.4M | $196.0M | ||
| Q4 24 | $726.9M | $197.0M | ||
| Q3 24 | $530.7M | $197.0M | ||
| Q2 24 | $884.6M | $206.0M | ||
| Q1 24 | $858.7M | $237.0M |
| Q4 25 | $989.7M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $989.2M | — | ||
| Q1 25 | $595.1M | — | ||
| Q4 24 | $595.2M | — | ||
| Q3 24 | $594.6M | — | ||
| Q2 24 | $595.4M | — | ||
| Q1 24 | $675.8M | — |
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.9B | $2.5B | ||
| Q2 25 | $1.9B | $2.5B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | $2.0B | $2.4B | ||
| Q3 24 | $2.0B | $2.4B | ||
| Q2 24 | $1.8B | $2.4B | ||
| Q1 24 | $2.2B | $2.4B |
| Q4 25 | $4.6B | $9.8B | ||
| Q3 25 | $4.9B | $10.1B | ||
| Q2 25 | $4.9B | $9.9B | ||
| Q1 25 | $4.3B | $9.9B | ||
| Q4 24 | $4.6B | $9.8B | ||
| Q3 24 | $4.5B | $9.7B | ||
| Q2 24 | $4.9B | $9.6B | ||
| Q1 24 | $4.8B | $9.9B |
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.53× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 0.30× | — | ||
| Q3 24 | 0.30× | — | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | 0.31× | — |
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 | $278.1M | $6.0M |
| Free Cash FlowOCF − Capex | $261.9M | $-6.0M |
| FCF MarginFCF / Revenue | 19.7% | -0.5% |
| Capex IntensityCapex / Revenue | 1.2% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $-29.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.1M | $6.0M | ||
| Q3 25 | $-69.8M | $62.0M | ||
| Q2 25 | $48.9M | $-48.0M | ||
| Q1 25 | $-202.2M | $8.0M | ||
| Q4 24 | $311.3M | $100.0M | ||
| Q3 24 | $-321.4M | $72.0M | ||
| Q2 24 | $153.0M | $30.0M | ||
| Q1 24 | $-122.9M | $3.0M |
| Q4 25 | $261.9M | $-6.0M | ||
| Q3 25 | $-90.3M | $51.0M | ||
| Q2 25 | $13.5M | $-68.0M | ||
| Q1 25 | $-231.0M | $-6.0M | ||
| Q4 24 | $262.9M | $86.0M | ||
| Q3 24 | $-367.2M | $58.0M | ||
| Q2 24 | $107.3M | $17.0M | ||
| Q1 24 | $-156.7M | $-13.0M |
| Q4 25 | 19.7% | -0.5% | ||
| Q3 25 | -6.8% | 4.3% | ||
| Q2 25 | 1.2% | -5.9% | ||
| Q1 25 | -19.6% | -0.5% | ||
| Q4 24 | 18.8% | 6.9% | ||
| Q3 24 | -26.2% | 4.8% | ||
| Q2 24 | 9.1% | 1.6% | ||
| Q1 24 | -11.8% | -1.2% |
| Q4 25 | 1.2% | 1.0% | ||
| Q3 25 | 1.5% | 0.9% | ||
| Q2 25 | 3.1% | 1.7% | ||
| Q1 25 | 2.4% | 1.3% | ||
| Q4 24 | 3.5% | 1.1% | ||
| Q3 24 | 3.3% | 1.1% | ||
| Q2 24 | 3.9% | 1.2% | ||
| Q1 24 | 2.5% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -0.70× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | 252.26× | 2.00× | ||
| Q3 24 | -1.89× | 0.86× | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | -18.71× | 0.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UAA
| Apparel | $934.0M | 70% |
| Footwear | $265.1M | 20% |
| Accessories | $107.7M | 8% |
| License | $27.2M | 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% |
