Marriott International Inc (MAR)

Marriott International, Inc. engages in the operation, franchising, and licensing of hotel, residential, timeshare, and other lodging properties in the United States, Canada, Europe, the Middle East, Africa, Greater China, the Asia-Pacific, and internationally. The company operates properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, MGM Collection with Marriott Bonvoy, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, citizenM, City Express by Marriott, and Four Points Flex by Sheraton brands. It also operates residences, timeshares, and yachts. The company was formerly known as New Marriott MI, Inc. and changed its name to Marriott International, Inc. in May 1998. Marriott International, Inc. was founded in 1927 and is headquartered in Bethesda, Maryland.

Symbol
MAR
Exchange
Nasdaq
Sector
Consumer Cyclical
Industry
Lodging
Market cap
$93.67B
52 week range
256.76 - 410.98

Valuation

Share price
$354.79 (close of 2026-10-01)
P/E (TTM)
36.63x
Price to book
-20.70x
Price to free cash flow
29.91x
Enterprise value
$110.98B
Book value per share
$-17.15

Price performance

PeriodChange
1 day-0.25%
5 days+0.93%
1 month+6.05%
3 months-3.67%
6 months+6.40%
Year to date+14.36%
1 year+35.59%
3 years+80.50%
5 years+127.47%
10 years+426.94%
All time+2014.36%

Members of Congress who disclosed MAR trades

Val Hoyle · Alan Armstrong · Susie Lee

Super investors holding MAR

Terry Smith (Fundsmith LLP)

Profitability and growth

Return on equity
-68.97%
Return on invested capital
25.85%
Return on assets
9.44%
Return on capital employed
21.63%
Gross margin
19.14%
Net margin
9.93%
EBITDA margin
16.37%
Revenue growth
4.33%
Net income growth
9.52%
Free cash flow growth
30.47%

Cash flow and balance sheet

Free cash flow yield (TTM)
3.34%
Current ratio
0.53x
Net debt to EBITDA
3.44x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$26.19B
Cost of revenue
$21.18B
Gross profit
$5.01B
EBITDA
$4.29B
Net income
$2.60B
Earnings per share
$9.53
Shares outstanding
272.90M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$26.19B$5.01B$2.60B$9.53
2024-12-31$25.10B$4.71B$2.38B$8.36
2023-12-31$23.71B$4.73B$3.08B$10.23
2022-12-31$20.77B$4.35B$2.36B$7.27
2021-12-31$13.86B$2.57B$1.10B$3.36
2020-12-31$10.57B$846.00M-$267.00M$-0.82
2019-12-31$20.97B$2.74B$1.27B$3.83
2018-12-31$20.76B$3.29B$1.91B$5.45
2017-12-31$20.45B$3.42B$1.46B$3.89
2016-12-31$15.41B$2.17B$808.00M$2.78

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3119.14%9.93%-68.97%25.85%
2024-12-3118.77%9.46%-79.38%25.23%
2023-12-3119.95%13.00%-452.05%30.40%
2022-12-3120.96%11.35%415.14%24.25%
2021-12-3118.57%7.93%77.72%107.68%
2020-12-318.00%-2.53%-62.09%10.26%
2019-12-3113.06%6.07%181.08%77.82%
2018-12-3115.86%9.19%85.71%65.09%
2017-12-3116.75%7.13%40.73%39.14%
2016-12-3114.07%5.24%15.78%23.29%

Cash and debt by year

Period endCashDebt
2025-12-31$358.00M$23.00M
2024-12-31$396.00M$55.00M
2023-12-31$338.00M$56.00M
2022-12-31$507.00M$92.00M
2021-12-31$1.39B$135.00M
2020-12-31$877.00M$143.00M
2019-12-31$225.00M$247.00M
2018-12-31$316.00M-
2017-12-31$383.00M-
2016-12-31$858.00M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$2.61B$236.00M
2024-12-31$2.00B$237.00M
2023-12-31$2.72B$205.00M
2022-12-31$2.03B$192.00M
2021-12-31$994.00M$182.00M
2020-12-31$1.50B$201.00M
2019-12-31$1.03B$187.00M
2018-12-31$1.80B$184.00M
2017-12-31$1.99B$181.00M
2016-12-31$1.42B$212.00M

Dividend history

Most recent payment
2026-08-20
Paid in the last twelve months
$2.80
Payment dateDividend per share
2026-08-20$0.73
2026-05-22$0.73
2026-02-26$0.67
2025-11-20$0.67
2025-08-21$0.67
2025-05-23$0.67
2025-02-27$0.63
2024-11-21$0.63

Investor relations

Next earnings report

Next confirmed report
2026-11-03
Consensus EPS estimate
$2.84

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-03Jun/2026$3.06
2026-05-06--
2026-02-10--
2025-11-04--
2025-08-05--
2025-05-06--
2025-02-11--
2024-11-04--

Filings and sources

Company website
marriott.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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