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Marriott Vacations Worldwide VAC Vacation Ownership — D&A

Other segment segments

Exchange & Third-Party Management
$24M-14.3%

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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
($ in millions)202520242023
Vacation Ownership$106$100$93
Exchange & Third-Party Management242831
Total segment depreciation and amortization130128124
Corporate and other191811
$149$146$135

Item 8. Financial Statements and Supplementary Data

FAQ

What is Marriott Vacations Worldwide's vacation ownership — D&A?
Marriott Vacations Worldwide (VAC) reported vacation ownership — D&A of $26.5M in Q4 2025.
How has Marriott Vacations Worldwide's vacation ownership — D&A changed year-over-year?
Marriott Vacations Worldwide's vacation ownership — D&A increased by 6.0% year-over-year, from $25M to $26.5M.
What is the long-term trend for Marriott Vacations Worldwide's vacation ownership — D&A?
Over 4 years (2021 to 2025), Marriott Vacations Worldwide's vacation ownership — D&A has grown at a 4.5% compound annual growth rate (CAGR), from $89M to $106M.
What does vacation ownership — D&A mean?
This represents the non-cash expense allocated to the Vacation Ownership segment for the systematic reduction in the value of tangible and intangible assets over their useful lives. It reflects the wear and tear of resort properties and the amortization of acquired intangible assets specific to the vacation ownership business model. Monitoring this helps investors understand the capital intensity and asset replacement requirements of the segment.

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