MMI vs VAC
Marcus & Millichap, Inc. and Marriott Vacations Worldwide Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MMI | VAC |
|---|---|---|
| Revenue | $755.2M | $5.0B |
| Net income | $-1.9M | $-308.0M |
| Gross margin | · | · |
| Net margin | −0.3% | −6.1% |
| Return on equity | −0.3% | −13.9% |
| Diluted EPS | −$0.05 | −$8.84 |
| Dividend / share | · | $3.17 |
| Payout ratio | −1076.5% | −35.7% |
| Free cash flow | $58.8M | $-29.0M |
| Equity | $603.1M | $2.0B |
| Net debt / equity | · | 0.87× |
| Current ratio | 2.55× | · |
| Revenue CAGR 5y | 1.0% | 11.8% |
| Profit CAGR 5y | · | · |
VAC bills 6.7× the revenue of MMI, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | MMI | VAC |
|---|---|---|
| FY2025 | $755.2M | $5.0B |
| FY2024 | $696.1M | $5.0B |
| FY2023 | $645.9M | $4.7B |
| FY2022 | $1.3B | $4.7B |
| FY2021 | $1.3B | $3.9B |
| FY2020 | $716.9M | $2.9B |
| FY2019 | $806.4M | $4.3B |
| FY2018 | $814.8M | $3.0B |
| FY2017 | $719.7M | $2.2B |
| FY2016 | $717.5M | $2.0B |
Bottom line
| Fiscal year | MMI | VAC |
|---|---|---|
| FY2025 | $-1.9M | $-308.0M |
| FY2024 | $-12.4M | $218.0M |
| FY2023 | $-34.0M | $254.0M |
| FY2022 | $104.2M | $391.0M |
| FY2021 | $142.5M | $49.0M |
| FY2020 | $42.8M | $-275.0M |
| FY2019 | $76.9M | $138.0M |
| FY2018 | $87.3M | $55.0M |
| FY2017 | $51.5M | $235.0M |
| FY2016 | $64.7M | $122.0M |
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$4,276,844,000 | VAC |
| FY2024 | −$4,270,940,000 | VAC |
| FY2023 | −$4,081,073,000 | VAC |
| FY2022 | −$3,354,290,000 | VAC |
| FY2021 | −$2,593,560,000 | VAC |
| FY2020 | −$2,169,094,000 | VAC |
| FY2019 | −$3,452,572,000 | VAC |
| FY2018 | −$2,153,184,000 | VAC |
| FY2017 | −$1,463,300,000 | VAC |
| FY2016 | −$1,282,550,000 | VAC |
| FY2015 | −$1,121,740,000 | VAC |
| FY2014 | −$1,143,828,000 | VAC |
| FY2013 | −$1,313,793,000 | VAC |
| FY2012 | −$1,253,284,000 | VAC |
| FY2011 | −$1,349,295,000 | VAC |
VAC has reported the higher revenue in every one of these 15 fiscal years. The gap has widened since the earliest year compared.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
15 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +5.8 pp | MMI |
| FY2024 | −6.1 pp | VAC |
| FY2023 | −10.6 pp | VAC |
| FY2022 | −0.4 pp | VAC |
| FY2021 | +9.6 pp | MMI |
| FY2020 | +14.8 pp | MMI |
| FY2019 | +6.2 pp | MMI |
| FY2018 | +9.0 pp | MMI |
| FY2017 | −3.6 pp | VAC |
| FY2016 | +2.9 pp | MMI |
| FY2015 | +2.8 pp | MMI |
| FY2014 | +4.0 pp | MMI |
| FY2013 | −2.7 pp | VAC |
| FY2012 | +6.8 pp | MMI |
| FY2011 | +15.9 pp | MMI |
The higher net margin has changed hands between MMI and VAC over this period.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VAC's net margin has been more volatile than MMI's over the 15 comparable fiscal years — 6.0 percentage points of standard deviation against 4.8.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between MMI and VAC over these 15 fiscal years — MMI led in 10 and VAC in 5.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MMI's return on equity has been more volatile than VAC's over the 15 comparable fiscal years — 34.0 percentage points of standard deviation against 10.0.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between MMI and VAC over these 15 fiscal years — MMI led in 12 and VAC in 3.
15 of 17 comparable fiscal years — a year missing data on either side is not counted.