Marriot Vacations Worldwide (VAC) - Net Assets
Based on the latest financial reports, Marriot Vacations Worldwide (VAC) has net assets worth $1.99 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.64 Billion) and total liabilities ($7.64 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore total assets of Marriot Vacations Worldwide for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.99 Billion |
| % of Total Assets | 20.67% |
| Annual Growth Rate | -0.68% |
| 5-Year Change | -33.26% |
| 10-Year Change | 119.54% |
| Growth Volatility | 59.24 |
Marriot Vacations Worldwide - Net Assets Trend (2009–2025)
This chart illustrates how Marriot Vacations Worldwide's net assets have evolved over time, based on quarterly financial data. Check VAC intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Marriot Vacations Worldwide (2009–2025)
The table below shows the annual net assets of Marriot Vacations Worldwide from 2009 to 2025. For live valuation and market cap data, see VAC market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.99 Billion | -18.35% |
| 2024-12-31 | $2.44 Billion | +2.48% |
| 2023-12-31 | $2.38 Billion | -4.64% |
| 2022-12-31 | $2.50 Billion | -16.34% |
| 2021-12-31 | $2.99 Billion | +11.33% |
| 2020-12-31 | $2.68 Billion | -11.51% |
| 2019-12-31 | $3.03 Billion | -12.55% |
| 2018-12-31 | $3.47 Billion | +231.67% |
| 2017-12-31 | $1.05 Billion | +15.11% |
| 2016-12-31 | $907.82 Million | -7.01% |
| 2015-12-31 | $976.27 Million | -9.58% |
| 2014-12-31 | $1.08 Billion | -10.69% |
| 2013-12-31 | $1.21 Billion | +6.15% |
| 2012-12-31 | $1.14 Billion | +0.44% |
| 2011-12-31 | $1.13 Billion | -40.44% |
| 2010-12-31 | $1.90 Billion | -14.35% |
| 2009-12-31 | $2.22 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marriot Vacations Worldwide's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 43400000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $434.00 Million | 21.78% |
| Common Stock | $1.00 Million | 0.05% |
| Other Comprehensive Income | $-11.00 Million | -0.55% |
| Other Components | $1.57 Billion | 78.73% |
| Total Equity | $1.99 Billion | 100.00% |
Marriot Vacations Worldwide Competitors by Market Cap
The table below lists competitors of Marriot Vacations Worldwide ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Zhongsheng Pharmaceutical Co Ltd
SHE:002317
|
$3.37 Billion |
|
Assured Guaranty Ltd
NYSE:AGO
|
$3.37 Billion |
|
Zhende Medical Co Ltd
SHG:603301
|
$3.37 Billion |
|
Veeco Instruments Inc
NASDAQ:VECO
|
$3.37 Billion |
|
Impinj Inc
NASDAQ:PI
|
$3.36 Billion |
|
Genscript Biotech Corporation
F:G51
|
$3.36 Billion |
|
Inter Cars S.A.
WAR:CAR
|
$3.36 Billion |
|
Tofas Turk Otomobil Fabrikasi AS
IS:TOASO
|
$3.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marriot Vacations Worldwide's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,442,000,000 to 1,993,000,000, a change of -449,000,000 (-18.4%).
- Net loss of 308,000,000 reduced equity.
- Dividend payments of 110,000,000 reduced retained earnings.
- Share repurchases of 61,000,000 reduced equity.
- Other comprehensive income decreased equity by 3,000,000.
- Other factors increased equity by 33,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-308.00 Million | -15.45% |
| Dividends Paid | $110.00 Million | -5.52% |
| Share Repurchases | $61.00 Million | -3.06% |
| Other Comprehensive Income | $-3.00 Million | -0.15% |
| Other Changes | $33.00 Million | +1.66% |
| Total Change | $- | -18.39% |
Book Value vs Market Value Analysis
This analysis compares Marriot Vacations Worldwide's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.72x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.48x to 1.72x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $66.10 | $97.98 | x |
| 2010-12-31 | $56.61 | $97.98 | x |
| 2011-12-31 | $33.65 | $97.98 | x |
| 2012-12-31 | $31.46 | $97.98 | x |
| 2013-12-31 | $33.01 | $97.98 | x |
| 2014-12-31 | $31.17 | $97.98 | x |
| 2015-12-31 | $30.35 | $97.98 | x |
| 2016-12-31 | $31.97 | $97.98 | x |
| 2017-12-31 | $37.73 | $97.98 | x |
| 2018-12-31 | $101.79 | $97.98 | x |
| 2019-12-31 | $67.84 | $97.98 | x |
| 2020-12-31 | $64.11 | $97.98 | x |
| 2021-12-31 | $68.96 | $97.98 | x |
| 2022-12-31 | $55.27 | $97.98 | x |
| 2023-12-31 | $54.76 | $97.98 | x |
| 2024-12-31 | $58.00 | $97.98 | x |
| 2025-12-31 | $57.11 | $97.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marriot Vacations Worldwide utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -15.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.12%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 4.90x
- Recent ROE (-15.45%) is below the historical average (2.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | -23.44% | -32.64% | 0.53x | 1.37x | $-743.30 Million |
| 2010 | 3.52% | 4.23% | 0.43x | 1.91x | $-123.40 Million |
| 2011 | -15.70% | -11.04% | 0.57x | 2.51x | $-291.40 Million |
| 2012 | 0.61% | 0.42% | 0.63x | 2.29x | $-106.90 Million |
| 2013 | 6.59% | 4.56% | 0.66x | 2.18x | $-41.17 Million |
| 2014 | 7.48% | 4.65% | 0.69x | 2.34x | $-27.21 Million |
| 2015 | 12.58% | 6.71% | 0.76x | 2.45x | $25.17 Million |
| 2016 | 15.13% | 7.58% | 0.76x | 2.63x | $46.57 Million |
| 2017 | 22.49% | 10.77% | 0.75x | 2.78x | $130.50 Million |
| 2018 | 1.59% | 1.85% | 0.33x | 2.61x | $-291.10 Million |
| 2019 | 4.57% | 3.24% | 0.46x | 3.05x | $-163.90 Million |
| 2020 | -10.37% | -9.53% | 0.32x | 3.36x | $-540.10 Million |
| 2021 | 1.64% | 1.26% | 0.40x | 3.22x | $-249.60 Million |
| 2022 | 15.65% | 8.40% | 0.48x | 3.86x | $141.20 Million |
| 2023 | 10.66% | 5.37% | 0.49x | 4.06x | $15.80 Million |
| 2024 | 8.93% | 4.39% | 0.51x | 4.02x | $-26.20 Million |
| 2025 | -15.45% | -6.12% | 0.52x | 4.90x | $-507.30 Million |
Industry Comparison
This section compares Marriot Vacations Worldwide's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $1,227,909,024
- Average return on equity (ROE) among peers: -2.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marriot Vacations Worldwide (VAC) | $1.99 Billion | -23.44% | 3.84x | $3.36 Billion |
| Bally's Corp (BALY) | $326.60 Million | -1.68% | 4.91x | $707.93 Million |
| Boyd Gaming Corporation (BYD) | $1.10 Billion | 13.17% | 3.03x | $6.48 Billion |
| Century Casinos Inc (CNTY) | $20.00 Million | -3.00% | 0.64x | $34.13 Million |
| Canterbury Park Holding Corporation (CPHC) | $13.91 Million | 16.37% | 0.37x | $81.53 Million |
| Caesars Entertainment Corporation (CZR) | $5.03 Billion | -34.90% | 6.23x | $3.95 Billion |
| Full House Resorts Inc (FLL) | $9.10 Million | 1.10% | 0.44x | $88.12 Million |
| Golden Entertainment Inc (GDEN) | $161.26 Million | -84.71% | 8.74x | $740.46 Million |
| Hilton Grand Vacations Inc (HGV) | $2.12 Billion | 14.80% | 3.11x | $3.88 Billion |
| Las Vegas Sands Corp (LVS) | $3.16 Billion | 45.76% | 5.54x | $30.17 Billion |
| Monarch Casino & Resort Inc (MCRI) | $341.20 Million | 9.32% | 0.81x | $1.70 Billion |
About Marriot Vacations Worldwide
Marriott Vacations Worldwide Corporation, a vacation company, engages in vacation ownership, exchange, rental, and resort and property management, along with related businesses, products and services in the United States and internationally. The company operates in two segments, Vacation Ownership and Exchange & Third-Party Management. It develops, markets, sells, finances, rents, and manages vac… Read more