Marriott Vacations Worldwide (VAC) FY2024 results: revenue $5.0 billion, up 5.1% on the year
Marriott Vacations Worldwide Corp. (VAC) reported revenue of $5.0 billion for fiscal 2024, the year ended 31 December 2024, up 5.1% on the year before. Net income was $218 million, down 14.2%, and diluted earnings per share $5.61. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$5.0 billion
+5.1% on the year
FY2017FY2024
Operating margin
9.9%
11.3% a year earlier
FY2017FY2024
Net income
$218 million
-14.2% on the year
FY2017FY2024
Diluted EPS
$5.61
-10.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
205
232
522
-11.6%
Capital expenditure
57.0
118
65.0
-51.7%
Free cash flow
148
114
457
+29.8%
Free cash flow margin
3.0%
2.4%
9.8%
Cash from investing
-115
-112
16.0
Cash from financing
-132
-401
-486
Depreciation and amortisation
146
135
132
+8.1%
Share-based compensation
33.0
31.0
39.0
+6.5%
Buybacks
56.0
286
701
-80.4%
Dividends paid
107
106
99.0
+0.9%
Dividend per share
$3.07
$2.92
$2.58
+5.1%
Diluted shares, weighted
42m
44m
45m
-3.2%
Shares outstanding at period end
35m
35m
37m
-1.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,442
2,382
2,496
+2.5%
Non-controlling interest
-1.0
0.0
2.0
Debt
5,225
5,145
5,026
+1.6%
Other liabilities
2,142
2,153
2,115
-0.5%
Total liabilities and equity
9,808
9,680
9,639
+1.3%
Goodwill
3,117
3,117
3,117
0.0%
Intangible assets
790
854
911
-7.5%
Cash and equivalents
197
248
524
-20.6%
Other assets
5,704
5,461
5,087
+4.4%
Total assets
9,808
9,680
9,639
+1.3%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.