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Side-by-side financial comparison of MARRIOTT VACATIONS WORLDWIDE Corp (VAC) and VALMONT INDUSTRIES INC (VMI). 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 $1.0B, roughly 1.2× VALMONT INDUSTRIES INC). VALMONT INDUSTRIES INC runs the higher net margin — 16.2% vs -35.0%, a 51.2% gap on every dollar of revenue. On growth, VALMONT INDUSTRIES INC posted the faster year-over-year revenue change (0.1% vs -0.7%). VALMONT INDUSTRIES INC produced more free cash flow last quarter ($70.4M vs $-6.0M). Over the past eight quarters, MARRIOTT VACATIONS WORLDWIDE Corp's revenue compounded faster (5.2% CAGR vs 3.0%).
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...
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
VAC vs VMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.0B |
| Net Profit | $-431.0M | $168.0M |
| Gross Margin | — | 29.8% |
| Operating Margin | — | 11.2% |
| Net Margin | -35.0% | 16.2% |
| Revenue YoY | -0.7% | 0.1% |
| Net Profit YoY | -962.0% | 116.3% |
| EPS (diluted) | $-12.00 | $9.02 |
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 | $1.0B | ||
| Q3 25 | $1.2B | $1.0B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.1B | $969.3M | ||
| Q4 24 | $1.2B | $1.0B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $1.1B | $977.8M |
| Q4 25 | $-431.0M | $168.0M | ||
| Q3 25 | $-2.0M | $99.0M | ||
| Q2 25 | $69.0M | $-4.0M | ||
| Q1 25 | $56.0M | $87.3M | ||
| Q4 24 | $50.0M | $77.7M | ||
| Q3 24 | $84.0M | $83.1M | ||
| Q2 24 | $37.0M | $99.7M | ||
| Q1 24 | $47.0M | $87.8M |
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 30.6% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 30.2% | ||
| Q3 24 | — | 29.6% | ||
| Q2 24 | — | 30.8% | ||
| Q1 24 | — | 31.3% |
| Q4 25 | — | 11.2% | ||
| Q3 25 | — | 13.5% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 13.2% | ||
| Q4 24 | — | 11.6% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 14.2% | ||
| Q1 24 | — | 13.5% |
| Q4 25 | -35.0% | 16.2% | ||
| Q3 25 | -0.2% | 9.5% | ||
| Q2 25 | 6.0% | -0.4% | ||
| Q1 25 | 5.0% | 9.0% | ||
| Q4 24 | 4.0% | 7.5% | ||
| Q3 24 | 6.9% | 8.1% | ||
| Q2 24 | 3.5% | 9.6% | ||
| Q1 24 | 4.2% | 9.0% |
| Q4 25 | $-12.00 | $9.02 | ||
| Q3 25 | $-0.07 | $4.98 | ||
| Q2 25 | $1.77 | $-1.53 | ||
| Q1 25 | $1.46 | $4.32 | ||
| Q4 24 | $1.29 | $3.85 | ||
| Q3 24 | $2.12 | $4.11 | ||
| Q2 24 | $0.98 | $4.91 | ||
| Q1 24 | $1.22 | $4.32 |
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 | $187.1M |
| Total DebtLower is stronger | — | $795.7M |
| Stockholders' EquityBook value | $2.0B | $1.6B |
| Total Assets | $9.8B | $3.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $406.0M | $187.1M | ||
| Q3 25 | $474.0M | $226.1M | ||
| Q2 25 | $205.0M | $208.5M | ||
| Q1 25 | $196.0M | $184.4M | ||
| Q4 24 | $197.0M | $164.3M | ||
| Q3 24 | $197.0M | $200.5M | ||
| Q2 24 | $206.0M | $163.1M | ||
| Q1 24 | $237.0M | $169.2M |
| Q4 25 | — | $795.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.0B | $1.6B | ||
| Q3 25 | $2.5B | $1.6B | ||
| Q2 25 | $2.5B | $1.5B | ||
| Q1 25 | $2.4B | $1.6B | ||
| Q4 24 | $2.4B | $1.5B | ||
| Q3 24 | $2.4B | $1.5B | ||
| Q2 24 | $2.4B | $1.5B | ||
| Q1 24 | $2.4B | $1.4B |
| Q4 25 | $9.8B | $3.4B | ||
| Q3 25 | $10.1B | $3.4B | ||
| Q2 25 | $9.9B | $3.3B | ||
| Q1 25 | $9.9B | $3.4B | ||
| Q4 24 | $9.8B | $3.3B | ||
| Q3 24 | $9.7B | $3.5B | ||
| Q2 24 | $9.6B | $3.5B | ||
| Q1 24 | $9.9B | $3.5B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $111.2M |
| Free Cash FlowOCF − Capex | $-6.0M | $70.4M |
| FCF MarginFCF / Revenue | -0.5% | 6.8% |
| Capex IntensityCapex / Revenue | 1.0% | 3.9% |
| Cash ConversionOCF / Net Profit | — | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.0M | $311.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.0M | $111.2M | ||
| Q3 25 | $62.0M | $112.5M | ||
| Q2 25 | $-48.0M | $167.6M | ||
| Q1 25 | $8.0M | $65.1M | ||
| Q4 24 | $100.0M | $193.4M | ||
| Q3 24 | $72.0M | $225.1M | ||
| Q2 24 | $30.0M | $130.8M | ||
| Q1 24 | $3.0M | $23.3M |
| Q4 25 | $-6.0M | $70.4M | ||
| Q3 25 | $51.0M | $70.6M | ||
| Q2 25 | $-68.0M | $135.6M | ||
| Q1 25 | $-6.0M | $34.8M | ||
| Q4 24 | $86.0M | $167.8M | ||
| Q3 24 | $58.0M | $204.6M | ||
| Q2 24 | $17.0M | $112.5M | ||
| Q1 24 | $-13.0M | $8.3M |
| Q4 25 | -0.5% | 6.8% | ||
| Q3 25 | 4.3% | 6.7% | ||
| Q2 25 | -5.9% | 12.9% | ||
| Q1 25 | -0.5% | 3.6% | ||
| Q4 24 | 6.9% | 16.2% | ||
| Q3 24 | 4.8% | 20.1% | ||
| Q2 24 | 1.6% | 10.8% | ||
| Q1 24 | -1.2% | 0.9% |
| Q4 25 | 1.0% | 3.9% | ||
| Q3 25 | 0.9% | 4.0% | ||
| Q2 25 | 1.7% | 3.0% | ||
| Q1 25 | 1.3% | 3.1% | ||
| Q4 24 | 1.1% | 2.5% | ||
| Q3 24 | 1.1% | 2.0% | ||
| Q2 24 | 1.2% | 1.8% | ||
| Q1 24 | 1.4% | 1.5% |
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | -0.70× | — | ||
| Q1 25 | 0.14× | 0.75× | ||
| Q4 24 | 2.00× | 2.49× | ||
| Q3 24 | 0.86× | 2.71× | ||
| Q2 24 | 0.81× | 1.31× | ||
| Q1 24 | 0.06× | 0.27× |
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% |
VMI
| Utility Product Line | $424.5M | 41% |
| Lighting And Transportation | $204.6M | 20% |
| Irrigation Equipment And Parts Excluding Technology | $199.0M | 19% |
| Services | $113.6M | 11% |
| Telecommunications | $73.8M | 7% |
| Technology Products And Services | $23.7M | 2% |
