Marriott International
MAR Nasdaq· Hotels, Resorts & Cruise Lines
Last close · Oct 26, 2026
$394.75
KIRA · Stoqly’s AI analyst, in plain words
- Marriott International had $26.2B of revenue in fiscal 2025, up 4.3% on the year before. Over five years, revenue changed +19.9% a year on average.
- Its operating margin was 15.8%, up 0.8 pts: of every 100 in sales, about 16 is left after running the business.
- Marriott International made $2.6B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 14.9% a year.
- Free cash flow was $2.6B in fiscal 2025, 10.0% of revenue.
- Marriott International returned $4.0B to shareholders in fiscal 2025, 154% of free cash flow. The diluted share count fell 4.1%.
- Marriott International owes $15.8B more than it holds in cash, about 3.5 years of operating profit.
Market cap
$104.4B
P/E
40.8x
Revenue
$26.2B
Net income
$2.6B
Free cash flow
$2.6B
Operating margin
15.8%
Marriott International in 30 seconds · fiscal 2025
Are sales growing?
+4.3%
Only a little. Sales grew 4.3% last year.
Does it make a profit?
9.9%
A little. It keeps 9.9% of every sale as profit.
Does profit turn into cash?
10.0%
Partly. 10.0% of sales ends up as free cash.
Is debt under control?
3.5x
Heavy. Repaying its debt would take 3.5 years of operating profit.
How healthy are the accounts?
7 / 8
Solid. It passes 7 of 8 health tests.
How is the share priced?
40.8x
One share costs 40.8 times its yearly profit per share. Typical for its sector: 17.7x.
What Marriott International does
Marriott franchises, manages and licenses hotels, along with residential, timeshare and other lodging properties, under many brands at different price and service levels. Its brands, in four quality tiers from Luxury to Midscale, include JW Marriott, The Ritz-Carlton, Sheraton and Courtyard. As of year-end 2025 its system included 9,805 properties with 1,779,936 rooms in 145 countries and territories. Marriott owns or leases less than one percent of them. Marriott earns fees under franchise, management and license agreements. Hotel owners who franchise its brands generally pay an application fee and royalties that typically range from four to seven percent of room revenues. For hotels it manages, it typically earns a base fee tied to the hotel's revenues and an incentive fee tied to its profits. It also earns money from co-branded Marriott Bonvoy credit cards, including through agreements with JPMorgan Chase and American Express in the U.S.
Biggest risks, in its own words
- Hotel owners ending their agreements with Marriott early, or disagreements with owners and other partners.
- Its growth depends on attracting hotel owners, and future deals may be less favorable depending on what competitors offer.
- Changes in how hotel rooms are booked, including through online travel intermediaries.
- Hotel owners may be unable to get the money they need to buy, build and improve hotels.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 10, 2026
- Legal name
- MARRIOTT INTERNATIONAL INC /MD/
- CIK
- 0001048286
Marriott International · MAR
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $13.9B | $20.8B | $23.7B | $25.1B | $26.2B |
| Revenue growth | 31.1% | 49.9% | 14.2% | 5.9% | 4.3% |
| Operating margin | 12.6% | 16.7% | 16.3% | 15.0% | 15.8% |
| Net income | $1.1B | $2.4B | $3.1B | $2.4B | $2.6B |
| Net margin | 7.9% | 11.4% | 13.0% | 9.5% | 9.9% |
| Diluted EPS | $3.34 | $7.24 | $10.18 | $8.33 | $9.51 |
| Cash | |||||
| Cash from operations | $1.2B | $2.4B | $3.2B | $2.7B | $3.2B |
| Capital expenditure | $183M | $332M | $452M | $750M | $604M |
| Free cash flow | $994M | $2.0B | $2.7B | $2.0B | $2.6B |
| FCF margin | 7.2% | 9.8% | 11.5% | 8.0% | 10.0% |
| Dividends paid | $0.0M | $321M | $587M | $682M | $718M |
| Share buybacks | $0.0M | $2.6B | $4.0B | $3.8B | $3.3B |
| Share count change | 1.1% | −1.1% | −7.0% | −5.8% | −4.1% |
| Debt and strength | |||||
| Cash and short-term investments | $1.4B | $507M | $338M | $396M | $358M |
| Debt incl. finance leases | $10.1B | $10.1B | $11.9B | $14.4B | $16.2B |
| Shareholders' equity | $1.4B | $568M | −$682M | −$3.0B | −$3.8B |
| Net debt / EBITDA | 4.6x | 2.5x | 2.7x | 3.4x | 3.5x |
| Current ratio | 0.6x | 0.5x | 0.4x | 0.4x | 0.4x |
| Interest coverage | 4.2x | 8.6x | 6.8x | 5.4x | 5.1x |
| Returns and quality | |||||
| Return on capital | 16.2% | 25.9% | 33.6% | 25.9% | 27.4% |
| Piotroski F-score | 7 | 7 | 6 | 5 | 7 |
| Altman Z'' | 1.1 | 1.5 | 1.7 | 1.6 | 1.9 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$66.4M
12 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Marriott International · MAR
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Marriott International MAR | $104.4B | 4.3% | 15.8% | 10.0% | 27.4% | 40.8x | 7 |
| Carnival CCL | $36.7B | 6.4% | 16.8% | 9.8% | 12.1% | 11.7x | 7 |
| Booking BKNG | $117.9B | 13.4% | 32.8% | 33.8% | — | — | 5 |
| Royal Caribbean Group RCL | $75.2B | 8.8% | 27.4% | 6.9% | 16.6% | 17.3x | 9 |
| Expedia Group EXPE | $34.8B | 7.6% | 12.7% | 21.1% | 40.5% | 17.7x | 8 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $394.75 a share, the company is worth $104.4B: 40.8 times its earnings of the last four quarters.
Marriott International grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 3 of 3.
Source: SEC EDGAR XBRL filings (CIK 0001048286). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.