Marriott Vacations Worldwide Corporation (VAC) Key Metrics
VAC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.82B
- Enterprise value
- $8.71B
- P/E (TTM)
- — 10-yr median 17.4
- Forward P/E
- 7.0
- PEG ratio
- 1.48
- Price / sales
- 1.1 10-yr median 1.3
- Price / book
- 1.7 10-yr median 2.0
- EV / EBITDA
- 407.6 10-yr median 16.0
- Dividend yield
- 2.88% $3.20 a year
- Beta
- 1.30
VAC key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVAC valuation Price multiples at each fiscal year-end price.
VAC returns How much profit the business earns on the capital it uses.
VAC per-share figures Results divided by the shares outstanding at year-end.
VAC financial health Debt, liquidity and how easily interest is covered.
VAC efficiency & capital use Working capital cycle and where the cash goes.
VAC valuation history
VAC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VAC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VAC cash returned to shareholders
VAC price vs earnings per share
VAC key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $2.01B | $3.78B | $3.69B | $6.08B | $7.32B | $5.67B | $5.73B | $2.40B | $3.75B | $2.41B |
| Enterprise value | $7.03B | $8.81B | $8.59B | $11.06B | $11.91B | $9.56B | $9.70B | $5.98B | $4.65B | $3.19B |
| P/E ratio | — | 17.3 | 14.5 | 15.6 | 149.3 | — | 41.5 | 43.6 | 15.9 | 17.5 |
| Price / sales | 0.4 | 0.8 | 0.8 | 1.3 | 1.9 | 2.0 | 1.3 | 0.8 | 1.7 | 1.3 |
| Price / book | 1.0 | 1.5 | 1.6 | 2.4 | 2.5 | 2.1 | 1.9 | 0.7 | 3.6 | 2.7 |
| Price / free cash flow | — | 25.5 | 32.4 | 13.3 | 24.7 | 22.0 | 17.1 | 42.1 | 32.3 | 22.9 |
| Price / operating cash flow | 71.9 | 18.4 | 15.9 | 11.7 | 21.3 | 19.0 | 15.0 | 24.7 | 26.4 | 17.2 |
| EV / sales | 1.4 | 1.8 | 1.8 | 2.4 | 3.1 | 3.3 | 2.3 | 2.0 | 2.1 | 1.8 |
| EV / EBITDA | 370.2 | 14.3 | 12.7 | 13.3 | 27.3 | — | 19.5 | 16.0 | 17.2 | 14.0 |
| EV / free cash flow | — | 59.5 | 75.3 | 24.2 | 40.3 | 37.0 | 28.9 | 105.0 | 40.1 | 30.2 |
| Earnings yield | −15.3% | 5.8% | 6.9% | 6.4% | 0.7% | −4.8% | 2.4% | 2.3% | 6.3% | 5.7% |
| Free cash flow yield | −1.4% | 3.9% | 3.1% | 7.5% | 4.0% | 4.5% | 5.9% | 2.4% | 3.1% | 4.4% |
| Dividend yield | 5.5% | 2.8% | 2.9% | 1.6% | 0.3% | 0.8% | 1.4% | 2.1% | 1.0% | 1.4% |
| Shareholder yield (dividends + buybacks) | 8.5% | 4.3% | 10.6% | 13.2% | 1.4% | 2.2% | 9.5% | 6.1% | 3.4% | 9.0% |
| Share price at fiscal year-end | $57.69 | $89.80 | $84.89 | $134.59 | $168.98 | $137.22 | $128.76 | $70.51 | $135.21 | $84.85 |
| Per share | ||||||||||
| Revenue per share | $144.18 | $117.98 | $108.67 | $103.01 | $89.84 | $69.79 | $95.71 | $87.29 | $78.81 | $63.78 |
| Earnings per share | −$8.83 | $5.18 | $5.84 | $8.65 | $1.13 | −$6.65 | $3.10 | $1.62 | $8.48 | $4.84 |
| Operating cash flow per share | $0.80 | $4.87 | $5.33 | $11.55 | $7.92 | $7.23 | $8.58 | $2.85 | $5.13 | $4.94 |
| Free cash flow per share | −$0.83 | $3.52 | $2.62 | $10.11 | $6.84 | $6.24 | $7.55 | $1.68 | $4.19 | $3.71 |
| Cash per share | $21.00 | $4.68 | $5.70 | $11.59 | $7.90 | $12.67 | $6.45 | $6.79 | $14.77 | $5.18 |
| Book value per share | $57.11 | $58.00 | $54.76 | $55.27 | $68.96 | $64.11 | $67.84 | $101.79 | $37.73 | $31.97 |
| Tangible book value per share | −$48.02 | −$34.80 | −$36.53 | −$33.85 | −$26.72 | −$27.04 | −$20.22 | −$13.94 | $37.73 | $31.97 |
| Dividends per share | $3.15 | $2.54 | $2.44 | $2.19 | $0.53 | $1.09 | $1.82 | $1.50 | $1.37 | $1.20 |
| Capex per share | $1.63 | $1.35 | $2.71 | $1.44 | $1.09 | $0.99 | $1.03 | $1.18 | $0.94 | $1.22 |
| Debt per share | $164.84 | $124.11 | $118.28 | $121.62 | $114.09 | $106.55 | $95.71 | $112.29 | $47.38 | $32.56 |
| Shares outstanding | 34.9M | 42.1M | 43.5M | 45.2M | 43.3M | 41.4M | 44.5M | 34.0M | 27.7M | 28.4M |
| Change in shares outstanding | −17.1% | −3.2% | −3.8% | +4.4% | +4.7% | −7.1% | +30.9% | +22.7% | −2.5% | −11.7% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −13.9% | 9.0% | 10.4% | 14.3% | 1.7% | −9.7% | 4.3% | 2.4% | 24.1% | 14.6% |
| Return on invested capital (ROIC) | 6.0% | 5.3% | 5.0% | 7.1% | 3.3% | −1.1% | 5.1% | 3.5% | 14.0% | 8.5% |
| Return on assets (ROA) | −3.1% | 2.2% | 2.6% | 4.1% | 0.5% | −3.0% | 1.5% | 0.9% | 8.9% | 5.7% |
| Return on tangible assets | −5.1% | 3.7% | 4.4% | 7.0% | 0.9% | −5.4% | 2.6% | 1.1% | 8.1% | 5.7% |
| Free cash flow margin | −0.6% | 3.0% | 2.4% | 9.8% | 7.6% | 8.9% | 7.9% | 1.9% | 5.3% | 5.8% |
| Income quality (OCF / net income) | — | 0.94 | 0.91 | 1.34 | 7.00 | — | 2.77 | 1.76 | 0.60 | 1.02 |
| Financial health | ||||||||||
| Total debt | $5.75B | $5.22B | $5.14B | $5.50B | $4.94B | $4.41B | $4.26B | $3.82B | $1.31B | $924.7M |
| Cash & short-term investments | $733.0M | $197.0M | $248.0M | $524.0M | $342.0M | $524.0M | $287.0M | $231.0M | $409.1M | $147.1M |
| Net debt | $5.02B | $5.03B | $4.90B | $4.97B | $4.60B | $3.88B | $3.97B | $3.59B | $903.4M | $777.6M |
| Debt / equity | 2.89 | 2.14 | 2.16 | 2.20 | 1.65 | 1.66 | 1.41 | 1.10 | 1.26 | 1.02 |
| Debt / assets | 0.59 | 0.53 | 0.53 | 0.57 | 0.51 | 0.50 | 0.46 | 0.42 | 0.45 | 0.39 |
| Net debt / EBITDA | 264.21 | 8.19 | 7.22 | 5.98 | 10.52 | — | 7.98 | 9.57 | 3.33 | 3.41 |
| Current ratio | 17.74 | 3.14 | 3.05 | 3.03 | 3.04 | 5.40 | 4.59 | 3.37 | 5.07 | 4.45 |
| Quick ratio | 14.45 | 2.58 | 2.56 | 2.53 | 2.47 | 4.29 | 3.60 | 2.61 | 3.61 | 2.91 |
| Interest coverage | 3.3 | 3.4 | 4.0 | 6.8 | 2.8 | -0.6 | 4.3 | 5.8 | 26.1 | 24.4 |
| Working capital | $3.52B | $2.79B | $2.64B | $2.68B | $2.58B | $3.19B | $3.25B | $2.70B | $1.99B | $1.60B |
| Invested capital | $7.01B | $7.47B | $7.28B | $7.47B | $7.58B | $6.53B | $6.99B | $7.05B | $1.95B | $1.69B |
| Tangible asset value | −$1.68B | −$1.47B | −$1.59B | −$1.53B | −$1.16B | −$1.09B | −$888.0M | −$469.0M | $1.05B | $907.8M |
| Net current asset value | −$4.04B | −$3.28B | −$3.36B | −$3.14B | −$2.78B | −$2.31B | −$2.03B | −$1.71B | $619.8M | $576.1M |
| Graham number | — | $82.21 | $84.82 | $103.71 | $41.90 | — | $68.80 | $60.87 | $84.86 | $58.98 |
| Graham net-net per share | −$127.23 | −$111.22 | −$107.75 | −$97.78 | −$96.59 | −$125.23 | −$119.62 | −$91.68 | −$5.00 | −$4.57 |
| Capital allocation | ||||||||||
| Dividends paid | $110.0M | $107.0M | $106.0M | $99.0M | $23.0M | $45.0M | $81.0M | $51.0M | $38.0M | $34.2M |
| Share buybacks (net) | $61.0M | $56.0M | $286.0M | $701.0M | $78.0M | $82.0M | $465.0M | $96.0M | $88.0M | $182.0M |
| Dividend payout ratio | — | 49.1% | 41.7% | 25.3% | 46.9% | — | 58.7% | 92.7% | 16.2% | 24.9% |
| Dividends + buybacks / free cash flow | — | 110.1% | 343.9% | 175.1% | 34.1% | 49.2% | 162.5% | 257.9% | 108.6% | 205.1% |
| Capex / revenue | 1.1% | 1.1% | 2.5% | 1.4% | 1.2% | 1.4% | 1.1% | 1.3% | 1.2% | 1.9% |
| Capex / operating cash flow | 203.6% | 27.8% | 50.9% | 12.5% | 13.7% | 13.7% | 12.0% | 41.2% | 18.3% | 24.8% |
| Capex / depreciation | 0.38 | 0.39 | 0.87 | 0.49 | 0.32 | 0.33 | 0.33 | 0.65 | 1.24 | 1.66 |
| Stock-based compensation / revenue | 0.8% | 0.7% | 0.7% | 0.8% | 1.3% | 1.2% | 0.8% | 1.2% | 0.7% | 0.8% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | — |
| SG&A / revenue | 4.8% | 23.4% | 23.2% | 22.7% | 21.7% | 18.7% | 23.4% | 24.4% | 22.6% | 24.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 211.1 | 204.1 | 201.5 | 188.7 | 116.1 | 20.0 | 108.4 | 223.6 | 201.3 | 220.3 |
| Days of inventory on hand | 61.0 | 80.3 | 81.2 | 94.2 | 113.9 | 141.6 | 124.1 | 154.3 | 183.9 | 228.3 |
| Days payables outstanding | 29.9 | 41.3 | 45.0 | 42.4 | 35.5 | 41.2 | 41.4 | 43.6 | 34.7 | 43.6 |
| Cash conversion cycle (days) | 242.1 | 243.0 | 237.6 | 240.5 | 194.5 | 120.3 | 191.1 | 334.3 | 350.5 | 405.1 |
| Receivables turnover | 1.73 | 1.79 | 1.81 | 1.93 | 3.14 | 18.27 | 3.37 | 1.63 | 1.81 | 1.66 |
| Payables turnover | 12.19 | 8.83 | 8.10 | 8.60 | 10.28 | 8.85 | 8.82 | 8.37 | 10.51 | 8.38 |
| Inventory turnover | 5.99 | 4.55 | 4.50 | 3.87 | 3.20 | 2.58 | 2.94 | 2.37 | 1.98 | 1.60 |
| Asset turnover | 0.51 | 0.51 | 0.49 | 0.48 | 0.42 | 0.32 | 0.47 | 0.50 | 0.82 | 0.76 |
| Average receivables | $2.91B | $2.78B | $2.61B | $2.41B | $1.24B | $158.0M | $1.26B | $1.82B | $1.20B | $1.09B |
| Average payables | $350.5M | $352.5M | $359.0M | $310.5M | $237.0M | $247.5M | $293.5M | $223.2M | $134.9M | $131.8M |
| Average inventory | $713.5M | $684.5M | $647.0M | $689.5M | $760.5M | $849.5M | $880.0M | $789.8M | $714.5M | $690.9M |
| Intangibles / total assets | 37.6% | 39.8% | 41.0% | 41.8% | 43.1% | 42.4% | 42.5% | 43.6% | 0.0% | 0.0% |
Computed from VAC's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
VAC valuation and financial ratios
Marriott Vacations Worldwide earned a return on equity of −13.9% and a return on invested capital of 6.0% in fiscal 2025. It ended the year with $5.8 billion of debt and $733.0 million in cash and short-term investments, net debt of $5.0 billion. It returned $171.0 million to shareholders: $110.0 million in dividends and $61.0 million in share buybacks. The share count rose 22.9% from 28.4M to 34.9M over 9 years.
See the VAC income statement, the VAC chart for price history, or the VAC stock overview for the latest quote and news.
VAC key metrics FAQ
What is Marriott Vacations Worldwide's EV/EBITDA?
Marriott Vacations Worldwide's enterprise value was 370.2 times EBITDA at the end of fiscal 2025 (enterprise value $7.0 billion, EBITDA $19.0 million); the current EV/EBITDA is 407.6.
What is Marriott Vacations Worldwide's return on equity?
Marriott Vacations Worldwide's return on equity (ROE) was −13.9% in fiscal 2025: net income of -$308.0 million on average shareholders' equity of $2.2 billion.
What is Marriott Vacations Worldwide's ROIC?
Marriott Vacations Worldwide's return on invested capital was 6.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Marriott Vacations Worldwide have?
Marriott Vacations Worldwide had total debt of $5.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.89 and $5.0 billion of net debt (264.21 times EBITDA).
What is Marriott Vacations Worldwide's dividend yield?
Marriott Vacations Worldwide's forward dividend yield is 2.88%. Marriott Vacations Worldwide paid $110.0 million in dividends in fiscal 2025 ($3.15 per share), a payout ratio of —.
Does Marriott Vacations Worldwide buy back its shares?
Yes. Marriott Vacations Worldwide spent $61.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −17.1% over the year, to 34.9M..
What is Marriott Vacations Worldwide's free cash flow yield?
Marriott Vacations Worldwide generated -$29.0 million of free cash flow in fiscal 2025, a free cash flow yield of −1.4% on its market value at year-end ($2.0 billion).
What is Marriott Vacations Worldwide's current ratio?
Marriott Vacations Worldwide's current ratio was 17.74 at the end of fiscal 2025: current assets were 17.74 times current liabilities.