What is Marriott Vacations Worldwide's modernization?

Marriott Vacations Worldwide (VAC) reported modernization of $16M in Q1 2026.

How has Marriott Vacations Worldwide's modernization changed year-over-year?

Marriott Vacations Worldwide's modernization increased by 60.0% year-over-year, from $10M to $16M.

What does modernization mean?

Represents expenditures dedicated to upgrading, renovating, or digitally transforming existing resort properties and internal systems. These investments are essential for maintaining asset quality and competitive positioning within the leisure industry.

Marriott Vacations Worldwide VAC Modernization

Modernization at other companies

RHP

Ryman Hospitality PropertiesRHP

$100.97M-0.8%

Best BuyBBY

$2.4B+1.1%

SBA CommunicationsSBAC

$14.52M+7.2%

SHO

Sunstone Hotel InvestorsSHO

$11.65M+20.3%

Public StoragePSA

$9.79M+25.8%

Travel + LeisureTNL

$22M-62.2%

Other financials

Income statement

See full

Revenue$1.3B+4.8%

Net income$22.0M-60.7%

EPS (diluted)$0.64-56.2%

Balance sheet

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Cash & equivalents$596.0M+22.4%

Total debt$4.0B+2.9%

Total equity$2.0B-18.2%

Total assets$9.6B-2.5%

Cash flow

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Operating cash flow-$4.0M-150%

CapEx$8.0M-42.9%

Free cash flow-$12.0M-100%

Valuation

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Market cap$3.35B+0.6%

Profitability

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Net margin-6.7%-11.3pp

FCF margin1.4%-1.9pp

Returns & leverage

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Return on equity-15.5%-24.9pp

Debt / equity2×+0.4×

Where this comes from

Reported directly by Marriott Vacations Worldwide in its filing.

Tagged under the XBRL concept vac:ModernizationExpense.

The official record: Marriott Vacations Worldwide’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marriott Vacations Worldwide's modernization?: Marriott Vacations Worldwide (VAC) reported modernization of $16M in Q1 2026.
How has Marriott Vacations Worldwide's modernization changed year-over-year?: Marriott Vacations Worldwide's modernization increased by 60.0% year-over-year, from $10M to $16M.
What does modernization mean?: Represents expenditures dedicated to upgrading, renovating, or digitally transforming existing resort properties and internal systems. These investments are essential for maintaining asset quality and competitive positioning within the leisure industry.