Travel & Leisure vs Marriott Vacations Worldwide
Marriott Vacations Worldwide is the larger business, with $5.03bn of revenue in fiscal 2025 against $4.02bn for Travel & Leisure (1.3 times as much). Travel & Leisure grew faster (4.1% against 1.3%). Travel & Leisure kept more of each dollar of sales as profit: a net margin of 5.7% against -6.1%.
| Latest fiscal year | Travel & LeisureTNL, 2025 | Marriott Vacations WorldwideVAC, 2025 |
|---|---|---|
| Revenue | $4.02bn | $5.03bn |
| Revenue growth | 4.1% | 1.3% |
| Net income | $230m | −$308m |
| Operating margin | 13.8% | — |
| Net margin | 5.7% | -6.1% |
| Return on equity | — | -13.9% |
| Free cash flow | $523m | −$29.0m |
| Cash | $253m | $406m |
| Total debt | $5.60bn | $3.53bn |
| Debt to equity | — | 177.3% |
| Dividend per share | $2.24 | $3.17 |
| Dividend yield | 3.1% | 2.7% |
| Share buybacks | $301m | $61.0m |
| Employees | — | — |
| Market value | $4.74bn | $4.04bn |
| Price vs our value range | Within our value range | — |
| Moat score | 70 (Strong) | 38 (Weak) |
| Insider trades, 12 months | 1 buys, 28 sales | 15 buys, 2 sales |