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Side-by-side financial comparison of MARRIOTT VACATIONS WORLDWIDE Corp (VAC) and Workday, Inc. (WDAY). Click either name above to swap in a different company.
Workday, Inc. is the larger business by last-quarter revenue ($2.4B vs $1.2B, roughly 2.0× MARRIOTT VACATIONS WORLDWIDE Corp). Workday, Inc. runs the higher net margin — 10.4% vs -35.0%, a 45.4% gap on every dollar of revenue. On growth, Workday, Inc. posted the faster year-over-year revenue change (12.6% vs -0.7%). Workday, Inc. produced more free cash flow last quarter ($550.0M vs $-6.0M). Over the past eight quarters, Workday, Inc.'s revenue compounded faster (12.5% CAGR vs 5.2%).
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...
Workday, Inc. is a leading global enterprise cloud software provider that develops and distributes human capital management, financial management, and enterprise resource planning solutions. It caters primarily to mid-sized and large organizations across sectors including education, healthcare, finance, and technology, with operations spanning North America, Europe, and Asia Pacific.
VAC vs WDAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $2.4B |
| Net Profit | $-431.0M | $252.0M |
| Gross Margin | — | — |
| Operating Margin | — | 10.6% |
| Net Margin | -35.0% | 10.4% |
| Revenue YoY | -0.7% | 12.6% |
| Net Profit YoY | -962.0% | 30.6% |
| EPS (diluted) | $-12.00 | $0.94 |
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 | $2.4B | ||
| Q3 25 | $1.2B | $2.3B | ||
| Q2 25 | $1.2B | $2.2B | ||
| Q1 25 | $1.1B | $2.2B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $1.1B | $1.9B |
| Q4 25 | $-431.0M | $252.0M | ||
| Q3 25 | $-2.0M | $228.0M | ||
| Q2 25 | $69.0M | $68.0M | ||
| Q1 25 | $56.0M | $94.0M | ||
| Q4 24 | $50.0M | $193.0M | ||
| Q3 24 | $84.0M | $132.0M | ||
| Q2 24 | $37.0M | $107.0M | ||
| Q1 24 | $47.0M | $1.2B |
| Q4 25 | — | 10.6% | ||
| Q3 25 | — | 10.6% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 7.6% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 4.1% |
| Q4 25 | -35.0% | 10.4% | ||
| Q3 25 | -0.2% | 9.7% | ||
| Q2 25 | 6.0% | 3.0% | ||
| Q1 25 | 5.0% | 4.3% | ||
| Q4 24 | 4.0% | 8.9% | ||
| Q3 24 | 6.9% | 6.3% | ||
| Q2 24 | 3.5% | 5.4% | ||
| Q1 24 | 4.2% | 61.8% |
| Q4 25 | $-12.00 | $0.94 | ||
| Q3 25 | $-0.07 | $0.84 | ||
| Q2 25 | $1.77 | $0.25 | ||
| Q1 25 | $1.46 | $0.34 | ||
| Q4 24 | $1.29 | $0.72 | ||
| Q3 24 | $2.12 | $0.49 | ||
| Q2 24 | $0.98 | $0.40 | ||
| Q1 24 | $1.22 | $4.48 |
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 | $6.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.0B | $8.9B |
| Total Assets | $9.8B | $17.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $406.0M | $6.8B | ||
| Q3 25 | $474.0M | $8.2B | ||
| Q2 25 | $205.0M | $8.0B | ||
| Q1 25 | $196.0M | $8.0B | ||
| Q4 24 | $197.0M | $7.2B | ||
| Q3 24 | $197.0M | $7.4B | ||
| Q2 24 | $206.0M | $7.2B | ||
| Q1 24 | $237.0M | $7.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $3.0B |
| Q4 25 | $2.0B | $8.9B | ||
| Q3 25 | $2.5B | $9.2B | ||
| Q2 25 | $2.5B | $8.9B | ||
| Q1 25 | $2.4B | $9.0B | ||
| Q4 24 | $2.4B | $8.6B | ||
| Q3 24 | $2.4B | $8.3B | ||
| Q2 24 | $2.4B | $8.2B | ||
| Q1 24 | $2.4B | $8.1B |
| Q4 25 | $9.8B | $17.8B | ||
| Q3 25 | $10.1B | $18.0B | ||
| Q2 25 | $9.9B | $17.2B | ||
| Q1 25 | $9.9B | $18.0B | ||
| Q4 24 | $9.8B | $16.4B | ||
| Q3 24 | $9.7B | $16.2B | ||
| Q2 24 | $9.6B | $15.9B | ||
| Q1 24 | $9.9B | $16.5B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.37× |
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 | $588.0M |
| Free Cash FlowOCF − Capex | $-6.0M | $550.0M |
| FCF MarginFCF / Revenue | -0.5% | 22.6% |
| Capex IntensityCapex / Revenue | 1.0% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | $-29.0M | $2.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.0M | $588.0M | ||
| Q3 25 | $62.0M | $616.0M | ||
| Q2 25 | $-48.0M | $457.0M | ||
| Q1 25 | $8.0M | $1.1B | ||
| Q4 24 | $100.0M | $406.0M | ||
| Q3 24 | $72.0M | $571.0M | ||
| Q2 24 | $30.0M | $372.0M | ||
| Q1 24 | $3.0M | $995.6M |
| Q4 25 | $-6.0M | $550.0M | ||
| Q3 25 | $51.0M | $588.0M | ||
| Q2 25 | $-68.0M | $421.0M | ||
| Q1 25 | $-6.0M | $1.0B | ||
| Q4 24 | $86.0M | $359.0M | ||
| Q3 24 | $58.0M | $516.0M | ||
| Q2 24 | $17.0M | $291.0M | ||
| Q1 24 | $-13.0M | $947.6M |
| Q4 25 | -0.5% | 22.6% | ||
| Q3 25 | 4.3% | 25.0% | ||
| Q2 25 | -5.9% | 18.8% | ||
| Q1 25 | -0.5% | 46.4% | ||
| Q4 24 | 6.9% | 16.6% | ||
| Q3 24 | 4.8% | 24.7% | ||
| Q2 24 | 1.6% | 14.6% | ||
| Q1 24 | -1.2% | 49.3% |
| Q4 25 | 1.0% | 1.6% | ||
| Q3 25 | 0.9% | 1.2% | ||
| Q2 25 | 1.7% | 1.6% | ||
| Q1 25 | 1.3% | 3.9% | ||
| Q4 24 | 1.1% | 2.2% | ||
| Q3 24 | 1.1% | 2.6% | ||
| Q2 24 | 1.2% | 4.1% | ||
| Q1 24 | 1.4% | 2.5% |
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | -0.70× | 6.72× | ||
| Q1 25 | 0.14× | 11.83× | ||
| Q4 24 | 2.00× | 2.10× | ||
| Q3 24 | 0.86× | 4.33× | ||
| Q2 24 | 0.81× | 3.48× | ||
| Q1 24 | 0.06× | 0.84× |
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% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
