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Marriott Vacations Worldwide VAC Exchange & Third-Party Management — D&A

Other segment segments

Vacation Ownership
$106M+6.0%

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Other financials

Income statement

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Revenue$1.3B+5.9%
Net income$77.0M+11.6%
EPS (diluted)$2.12+19.8%

Balance sheet

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Cash & equivalents$513.0M+9.6%
Total debt$3.9B-2.5%
Total equity$2.1B-17.2%
Total assets$9.5B-4.1%

Cash flow

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Operating cash flow$80.0M+267%
CapEx$14.0M-30.0%
Free cash flow$66.0M+197%

Valuation

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Market cap$4.28B+71.9%
Enterprise value$7.65B+27.5%
P/S0.8×+0.3×

Profitability

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Net margin-6.5%-11.6pp
FCF margin1.4%-1.9pp

Returns & leverage

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Return on equity-14.7%-25.4pp
Debt / equity1.9×+0.3×

Where this comes from

Reported directly by Marriott Vacations Worldwide in its filing.

Tagged under the XBRL concept us-gaap:DepreciationAndAmortization.

The source filing: Marriott Vacations Worldwide’s 10-K, filed March 2, 2026.

Filed
Mar 1, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001524358-26-000010
Line item202520242023
Financing150146113
Royalty fee113114117
General and administrative242237273
Depreciation and amortization149146135
Litigation charges172313
Modernization1224
Restructuring1566
Impairment5773032

Item 8. Financial Statements and Supplementary Data

FAQ

What is Marriott Vacations Worldwide's exchange & third-party management — D&A?
Marriott Vacations Worldwide (VAC) reported exchange & third-party management — D&A of $6M in Q4 2025.
How has Marriott Vacations Worldwide's exchange & third-party management — D&A changed year-over-year?
Marriott Vacations Worldwide's exchange & third-party management — D&A decreased by 14.3% year-over-year, from $7M to $6M.
What is the long-term trend for Marriott Vacations Worldwide's exchange & third-party management — D&A?
Over 4 years (2021 to 2025), Marriott Vacations Worldwide's exchange & third-party management — D&A has grown at a -15.9% compound annual growth rate (CAGR), from $48M to $24M.
What does exchange & third-party management — D&A mean?
Represents the non-cash allocation of the cost of tangible and intangible assets over their useful lives within the segment. This metric reflects the ongoing capital intensity required to maintain the segment's infrastructure and service capabilities. Monitoring this helps differentiate between cash-generating performance and accounting-based expenses.

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