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Side-by-side financial comparison of MARRIOTT VACATIONS WORLDWIDE Corp (VAC) and VinFast Auto Ltd. (VFS). 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 $718.6M, roughly 1.7× VinFast Auto Ltd.). VinFast Auto Ltd. runs the higher net margin — -2.8% vs -35.0%, a 32.2% gap on every dollar of revenue.
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...
VinFast Auto Ltd. is a Vietnamese multinational automotive company founded by Vingroup, one of the largest private conglomerates in Vietnam that was founded by Phạm Nhật Vượng.
VAC vs VFS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $718.6M |
| Net Profit | $-431.0M | $-20.0M |
| Gross Margin | — | — |
| Operating Margin | — | -96.1% |
| Net Margin | -35.0% | -2.8% |
| Revenue YoY | -0.7% | — |
| Net Profit YoY | -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 | $1.2B | — | ||
| Q3 25 | $1.2B | $718.6M | ||
| Q2 25 | $1.2B | $663.0M | ||
| Q1 25 | $1.1B | $656.5M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | $511.6M | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | $302.6M |
| Q4 25 | $-431.0M | — | ||
| Q3 25 | $-2.0M | $-20.0M | ||
| Q2 25 | $69.0M | $-51.8M | ||
| Q1 25 | $56.0M | $-26.1M | ||
| Q4 24 | $50.0M | — | ||
| Q3 24 | $84.0M | $-10.4M | ||
| Q2 24 | $37.0M | — | ||
| Q1 24 | $47.0M | $-618.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | -96.1% | ||
| Q2 25 | — | -79.0% | ||
| Q1 25 | — | -74.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -65.9% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -139.4% |
| Q4 25 | -35.0% | — | ||
| Q3 25 | -0.2% | -2.8% | ||
| Q2 25 | 6.0% | -7.8% | ||
| Q1 25 | 5.0% | -4.0% | ||
| Q4 24 | 4.0% | — | ||
| Q3 24 | 6.9% | -2.0% | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 4.2% | -204.3% |
| 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 | $406.0M | $8.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | — |
| Total Assets | $9.8B | $183.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $406.0M | — | ||
| Q3 25 | $474.0M | $8.8M | ||
| Q2 25 | $205.0M | $650.0M | ||
| Q1 25 | $196.0M | $2.4M | ||
| Q4 24 | $197.0M | — | ||
| Q3 24 | $197.0M | $1.9M | ||
| Q2 24 | $206.0M | — | ||
| Q1 24 | $237.0M | $3.0M |
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.5B | $-7.2B | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
| Q4 25 | $9.8B | — | ||
| Q3 25 | $10.1B | $183.2M | ||
| Q2 25 | $9.9B | $7.2B | ||
| Q1 25 | $9.9B | $158.2M | ||
| Q4 24 | $9.8B | — | ||
| Q3 24 | $9.7B | $151.8M | ||
| Q2 24 | $9.6B | — | ||
| Q1 24 | $9.9B | $145.6M |
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.
| Q4 25 | $6.0M | — | ||
| Q3 25 | $62.0M | — | ||
| Q2 25 | $-48.0M | — | ||
| Q1 25 | $8.0M | — | ||
| Q4 24 | $100.0M | — | ||
| Q3 24 | $72.0M | — | ||
| Q2 24 | $30.0M | — | ||
| Q1 24 | $3.0M | — |
| 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 24 | $-13.0M | — |
| 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 24 | -1.2% | — |
| 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 24 | 1.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.70× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.00× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 0.81× | — | ||
| Q1 24 | 0.06× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
VFS
| Sales of vehicles | $662.9M | 92% |
| Sales of spare parts and components | $41.3M | 6% |
| Revenue from leasing activities | $12.3M | 2% |
| Finance income | $2.4M | 0% |
| Rendering of services | $1.2M | 0% |
