Marriott Vacations Worldwide Corporation (VAC) Financial Ratios
17 years of historical data (2009–2025) · Consumer Cyclical · Gambling, Resorts & Casinos
EV/EBITDA
↓
11.92
-8% vs avg
5yr avg: 12.97
30Y Low7.2·High18.8
P/FCF
↑
N/A
—
5yr avg: 23.99
30Y Low1.9·High42.1
P/B Ratio
↓
1.72
-5% vs avg
5yr avg: 1.80
30Y Low0.5·High3.6
ROE
↓
-13.9%
↑-422% vs avg
5yr avg: 4.3%
30Y Low-23%·High24%
Debt/EBITDA
↑
8.18
+15% vs avg
5yr avg: 7.13
30Y Low2.6·High10.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
VAC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Marriott Vacations Worldwide Corporation currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.4B | $2.0B | $3.8B | $3.7B | $6.1B | $7.3B | $5.7B | $5.7B | $2.4B | $3.7B | $2.4B |
| Enterprise Value | $8.4B | $7.0B | $8.8B | $8.6B | $10.6B | $11.5B | $9.6B | $9.7B | $6.0B | $4.4B | $3.0B |
| P/E Ratio → | -11.10 | — | 16.01 | 13.52 | 15.56 | 149.54 | — | 41.54 | 43.52 | 15.93 | 17.57 |
| P/S Ratio | 0.67 | 0.40 | 0.76 | 0.78 | 1.31 | 1.88 | 1.97 | 1.35 | 0.81 | 1.72 | 1.33 |
| P/B Ratio | 1.72 | 1.01 | 1.55 | 1.55 | 2.44 | 2.45 | 2.12 | 1.89 | 0.69 | 3.60 | 2.66 |
| P/FCF | — | — | 25.54 | 32.39 | 13.31 | 24.72 | 21.99 | 17.05 | 42.06 | 32.29 | 22.88 |
| P/OCF | 120.04 | 71.91 | 18.44 | 15.92 | 11.65 | 21.33 | 18.98 | 15.00 | 24.71 | 26.38 | 17.10 |
P/E links to full P/E history page with 30-year chart
VAC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Marriott Vacations Worldwide Corporation's enterprise value stands at 11.9x EBITDA, 8% below its 5-year average of 13.0x. This is roughly in line with the Consumer Cyclical sector median of 12.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.40 | 1.77 | 1.82 | 2.27 | 2.95 | 3.31 | 2.28 | 2.02 | 2.03 | 1.66 |
| EV / EBITDA | 11.92 | 10.00 | 12.71 | 11.90 | 11.39 | 18.82 | — | 13.76 | 15.96 | 15.73 | 12.45 |
| EV / EBIT | 15.13 | — | 18.82 | 15.82 | 15.12 | 39.39 | — | 27.18 | 38.12 | 17.73 | 14.50 |
| EV / FCF | — | — | 59.52 | 75.35 | 23.16 | 38.72 | 37.04 | 28.87 | 104.99 | 38.20 | 28.48 |
VAC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Marriott Vacations Worldwide Corporation earns an operating margin of 11.0%, above the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 12.4% to 11.0% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -13.9% indicates the company is currently destroying shareholder equity. ROIC of 5.7% represents adequate returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.1% | 15.1% | 37.3% | 38.5% | 42.6% | 37.4% | 24.1% | 39.2% | 37.1% | 35.0% | 39.0% |
| Operating Margin | 11.0% | 11.0% | 11.0% | 12.4% | 17.1% | 11.9% | — | 13.2% | 10.5% | 11.9% | 12.1% |
| Net Profit Margin | -6.1% | -6.1% | 4.4% | 5.4% | 8.4% | 1.3% | -9.5% | 3.2% | 1.9% | 10.8% | 7.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -13.9% | -13.9% | 9.0% | 10.4% | 14.3% | 1.7% | -9.6% | 4.2% | 2.4% | 24.1% | 14.6% |
| ROA | -3.1% | -3.1% | 2.2% | 2.6% | 4.1% | 0.5% | -3.0% | 1.5% | 0.9% | 9.0% | 5.7% |
| ROIC | 5.7% | 5.7% | 5.6% | 6.2% | 8.5% | 5.1% | — | 6.0% | 5.3% | 12.1% | 11.1% |
| ROCE | 6.1% | 6.1% | 6.5% | 7.0% | 9.6% | 5.6% | — | 7.0% | 6.1% | 12.0% | 11.4% |
VAC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Marriott Vacations Worldwide Corporation carries a Debt/EBITDA ratio of 8.2x, which is highly leveraged (71% above the sector average of 4.8x). Net debt stands at $5.0B ($5.8B total debt minus $733M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.89 | 2.89 | 2.14 | 2.16 | 2.01 | 1.50 | 1.64 | 1.41 | 1.10 | 1.05 | 0.81 |
| Debt / EBITDA | 8.18 | 8.18 | 7.54 | 7.13 | 5.41 | 7.37 | — | 6.04 | 10.18 | 3.89 | 3.06 |
| Net Debt / Equity | — | 2.52 | 2.06 | 2.06 | 1.80 | 1.39 | 1.45 | 1.31 | 1.03 | 0.66 | 0.65 |
| Net Debt / EBITDA | 7.14 | 7.14 | 7.26 | 6.78 | 4.85 | 6.81 | — | 5.63 | 9.57 | 2.44 | 2.45 |
| Debt / FCF | — | — | 33.97 | 42.96 | 9.85 | 14.00 | 15.05 | 11.82 | 62.93 | 5.91 | 5.60 |
| Interest Coverage | -0.77 | -0.77 | 2.89 | 3.74 | 5.93 | 1.77 | -1.27 | 2.70 | 2.91 | 25.00 | 23.00 |
VAC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Marriott Vacations Worldwide Corporation's current ratio of 17.74x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 3.05x to 17.74x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 17.74 | 17.74 | 3.14 | 3.05 | 3.03 | 3.04 | 5.40 | 4.59 | 3.37 | 4.70 | 4.45 |
| Quick Ratio | 17.74 | 17.74 | 2.58 | 2.56 | 2.53 | 2.47 | 4.29 | 3.60 | 2.61 | 3.81 | 2.91 |
| Cash Ratio | 3.49 | 3.49 | 0.15 | 0.19 | 0.40 | 0.27 | 0.72 | 0.32 | 0.20 | 0.92 | 0.32 |
| Asset Turnover | — | 0.52 | 0.51 | 0.49 | 0.48 | 0.40 | 0.32 | 0.46 | 0.33 | 0.77 | 0.76 |
| Inventory Turnover | — | — | 4.23 | 4.59 | 4.05 | 3.39 | 2.73 | 2.89 | 2.16 | 3.56 | 1.55 |
| Days Sales Outstanding | — | 217.10 | 207.74 | 210.65 | 195.20 | 218.06 | 18.97 | 14.23 | 290.60 | 201.81 | 66.17 |
VAC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Marriott Vacations Worldwide Corporation returns 5.0% to shareholders annually — split between a 3.2% dividend yield and 1.8% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.2% | 5.5% | 2.8% | 2.9% | 1.6% | 0.3% | 0.8% | 1.4% | 2.1% | 1.0% | 1.4% |
| Payout Ratio | — | — | 49.1% | 41.7% | 25.3% | 46.9% | — | 58.7% | 92.7% | 16.2% | 24.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 6.2% | 7.4% | 6.4% | 0.7% | — | 2.4% | 2.3% | 6.3% | 5.7% |
| FCF Yield | — | — | 3.9% | 3.1% | 7.5% | 4.0% | 4.5% | 5.9% | 2.4% | 3.1% | 4.4% |
| Buyback Yield | 1.8% | 3.0% | 1.5% | 7.7% | 11.5% | 1.1% | 1.4% | 8.1% | 4.0% | 2.3% | 7.5% |
| Total Shareholder Yield | 5.0% | 8.5% | 4.3% | 10.6% | 13.2% | 1.4% | 2.2% | 9.5% | 6.1% | 3.4% | 9.0% |
| Shares Outstanding | — | $35M | $42M | $44M | $45M | $43M | $41M | $45M | $34M | $28M | $28M |
Peer Comparison
Compare VAC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 VACYou | $3B | -11.1 | 11.9 | — | 15.1% | 11.0% | -13.9% | 5.7% | 8.2 |
 HGV | $4B | 59.2 | 13.3 | 18.6 | 56.7% | 11.1% | 4.9% | 5.0% | 8.8 |
 TNL | $5B | 22.3 | 11.2 | 9.2 | 27.2% | 17.8% | — | 13.0% | 5.8 |
 MAR | $104B | 41.7 | 27.3 | 40.1 | 21.3% | 15.8% | — | 25.0% | 3.8 |
 HLT | $79B | 57.0 | 32.8 | 39.2 | 41.1% | 22.4% | — | 24.7% | 5.5 |
 H | $19B | -374.2 | 26.3 | 121.4 | 11.2% | 7.8% | -1.4% | 5.8% | 5.4 |
 IHG | $26B | 35.1 | 21.7 | 29.6 | 32.0% | 23.1% | — | 159.6% | 3.4 |
 ABNB | $85B | 35.3 | 31.5 | 18.2 | 83.0% | 20.8% | 30.2% | 50.6% | 0.8 |
 EXPE | $28B | 24.6 | 9.7 | 9.1 | 84.1% | 13.4% | 48.4% | 40.2% | 2.3 |
 BKNG | $133B | 25.9 | 13.5 | 14.6 | 100.0% | 34.5% | — | — | 1.9 |
 RCL | $85B | 20.0 | 16.3 | 68.4 | 46.8% | 27.4% | 47.5% | 12.2% | 3.5 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 17 years · Updated daily
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VAC — Frequently Asked Questions
Quick answers to the most common questions about buying VAC stock.
What is Marriott Vacations Worldwide Corporation's P/E ratio?
Marriott Vacations Worldwide Corporation's current P/E ratio is -11.1x. The historical average is 34.9x.
What is Marriott Vacations Worldwide Corporation's EV/EBITDA?
Marriott Vacations Worldwide Corporation's current EV/EBITDA is 11.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.0x.
What is Marriott Vacations Worldwide Corporation's ROE?
Marriott Vacations Worldwide Corporation's return on equity (ROE) is -13.9%. The historical average is 3.0%.
Is VAC stock overvalued?
Based on historical data, Marriott Vacations Worldwide Corporation is trading at a P/E of -11.1x. Compare with industry peers and growth rates for a complete picture.
What is Marriott Vacations Worldwide Corporation's dividend yield?
Marriott Vacations Worldwide Corporation's current dividend yield is 3.22%.
What are Marriott Vacations Worldwide Corporation's profit margins?
Marriott Vacations Worldwide Corporation has 15.1% gross margin and 11.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Marriott Vacations Worldwide Corporation have?
Marriott Vacations Worldwide Corporation's Debt/EBITDA ratio is 8.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.