— Know what they know.
/
Not Investment Advice

MAR

NASDAQ · USD
Marriott International, Inc.
Consumer Cyclical · Travel Lodging
CEO Anthony G. Capuano Jr. Employees 148,000 R&D / revenue 0.0%
Last price
$388.05+0.61%last session
Market cap
$101.2B
P/E (TTM)
40.4x
From 52w high
−5.6%
From 52w low
+51.1%
1-year return
+50.2%
RSI 14 · vs SMA200
75.7 · +10.2%
IS score
59.9/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

MAR   SPY   XLY (sector ETF) · weekly closes
100120140Jan 26Apr 26Jul 26Oct 26MAR 150SPY 116XLY 97

Score DNA

Each bar is a 0-100 score within the scored universe
35
Profitability
57
Growth
38
Value
76
Momentum
100
Risk (safety)
64
Quality
20
Balance sheet
79
Earnings quality

Flags

Strengths
None of the computed strength flags fires.
Warnings
None of the computed warning flags fires for MAR (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Efficient ScalePiotroski 7 / 9Altman Z 4.1Beta 1.102 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
5 open-market sales, $6.5M
Form 144 notices (12m): 27, $87.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+118
213 new holders, 79 closed
1,762 filers hold 60.9% · 652 added, 555 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+73
1,205 funds adding shares
1,132 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
61.3%
20-day avg 58.7%, 50-day avg 59.3%
Latest 2.6 pp over its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$26.2B
Revenue growth YoY+4.3%
Gross margin21.3%
Operating income$4.1B
Operating margin15.8%
Net income$2.6B
Net margin9.9%
EPS (diluted)$9.49
Cash flow
Operating cash flow$3.2B
Capital expenditure$604.0M
Free cash flow$2.6B
FCF conversion (FCF / OCF)81.2%
Stock-based compensation$236.0M
FCF less SBC$2.4B
Buybacks$3.3B
Dividends$718.0M
Balance sheet & returns
Cash & short-term investments$358.0M
Total debt$16.2B
Net debt$15.8B
Shareholders' equity−$3.8B
Goodwill & intangibles$19.2B
Debt / equity-3.93
ROE (TTM)-66.7%
ROIC (TTM)18.6%
Operating margin by fiscal year
12.6%FY202116.7%FY202216.3%FY202315.0%FY202415.8%FY2025
Revenue $13.9B (FY2021) to $26.2B (FY2025), a 17.2% CAGR.

Valuation

P/E (TTM)40.4x
EV / EBITDA23.6x
Price / sales3.76x
Price / FCF32.3x
FCF yield3.10%
Buyback yield3.26%
SBC / revenue0.9%
Price / bookn/m
Forward P/E FY202633.1x
Forward P/E FY202729.6x
Forward P/E FY202826.5x
Forward multiples divide today's price by Street EPS estimates. Street mean target $373.20 across 10 analysts last quarter is theirs, not ours.

MAR vs industry median

35 companies in Travel Lodging
Gross margin 20.2% 42.7% Operating margin 15.8% 15.6% Net margin 9.6% 5.8% ROIC 18.6% 5.1%
MAR (TTM)Industry median Asset turnover 0.96 vs industry 0.50 · financial leverage -6.21

Earnings delivery

Next report 2026-11-02 · consensus EPS $2.83
67%
beat rate, 8 of 12 quarters
+2.3%
median EPS surprise
4
longest beat streak
+0+68-2+1-2+3+3+2+4-1+6+4
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-02 to 2026-08-03. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
MAR Marriott International, Inc. $101.2B40.4x-66.7%9.6%+4.3% +50.2%
HLT Hilton Worldwide Holdings In $77.7B50.2x-29.1%14.4%+8.7% +34.1%
IHG InterContinental Hotels Grou $24.5B35.9x-56.7%16.0%+28.3% +41.5%
H Hyatt Hotels Corporation $16.0B196.7x2.3%6.0%+50.3% +17.4%
ABNB Airbnb, Inc. $104.0B39.3x34.5%22.6%+13.6% +41.3%
MELI MercadoLibre, Inc. $93.0B49.9x27.5%4.6%+46.0% —
LOW Lowe's Companies, Inc. $110.7B16.7x-70.5%9.2%+8.2% —
SBUX Starbucks Corporation $111.2B56.0x-25.8%11.2%+4.5% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-09-24Material Agreement; Financial Obligation; Exhibits
2026-08-13Other Events; Exhibits
2026-08-03Earnings Release; Exhibits
2026-05-13Shareholder Vote
2026-05-06Earnings Release; Exhibits
2026-02-20Other Events; Financial Statements and Exhibits

Context

Shares outstanding260,766,288
Free float85.6%
Institutional ownership60.9%
Beta1.10
Dividend yield0.72%
Last dividend$0.73 on 2026-08-20
50 / 200-day average$351.40 / $351.84
Large-cap Consumer Cyclical median P/E24.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where MAR sits among 8 scored companies in Travel Lodging (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureMARIndustry medianIndustry percentileSector median
P/E (TTM) 39.1x 27.0x
67th		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) 23.27 — 0.96
Price / sales 3.8x 2.8x
71st		 1.0x
Price / book —
Price / tangible book —
Price / free cash flow 32.3x 20.2x
71st		 15.2x
Price / operating cash flow 27.1x 18.7x
71st		 10.2x
Enterprise value $118.5B $15.1B
100th		 $5.6B
EV / sales 4.4x 3.7x
71st		 1.4x
EV / EBITDA 24.0x 13.9x
86th		 11.4x
EV / EBIT 27.4x 23.2x
57th		 16.0x
EV / free cash flow 37.8x 30.8x
71st		 21.0x
Earnings yield 2.6% 3.1%
43rd		 4.8%
FCF yield 3.1% 5.0%
29th		 5.9%
Operating cash flow yield 3.7% 5.6%
29th		 9.3%
Graham number (per share) —

Profitability (TTM)

MeasureMARIndustry medianIndustry percentileSector median
Gross margin 20.2% 37.4%
14th		 34.2%
EBITDA margin 18.4% 23.8%
29th		 11.7%
Operating margin 15.8% 19.4%
43rd		 8.7%
EBIT margin 16.1% 20.4%
29th		 8.2%
Net margin 9.6% 11.2%
43rd		 4.9%
NOPAT margin 14.3% 15.3%
43rd		 6.8%
FCF margin 11.6% 12.7%
43rd		 6.5%
Operating cash flow margin 13.9% 13.8%
57th		 10.4%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 3.4% 11.1%
14th		 17.2%
Stock comp / revenue 0.9% 1.0%
14th		 0.6%
Effective tax rate 9.6% 27.8%
0th		 22.4%

Returns on capital

MeasureMARIndustry medianIndustry percentileSector median
ROE (on average equity) —
ROA 9.3% 7.1%
57th		 4.4%
ROIC 30.0% 12.7%
71st		 9.3%
ROCE 21.4% 15.3%
71st		 9.9%
Return on tangible assets 15.6% 12.8%
57th		 7.4%
Cash ROIC (OCF / invested capital) 29.2% 11.0%
71st		 14.4%
Gross profitability (GP / assets) 19.3% 25.6%
14th		 31.6%
ROIC, 3-yr average 26.2% 12.5%
86th		 7.4%
ROIC, 5-yr average —
ROE, 5-yr average —
Incremental ROIC -498.8% 129.6%
0th		 11.2%

Growth

MeasureMARIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 4.7% 8.4%
29th		 6.0%
Revenue growth (QoQ) 6.3% 10.0%
43rd		 6.6%
Revenue CAGR, 3 yr 5.5% 7.0%
43rd		 3.0%
Revenue CAGR, 5 yr 22.2% 23.0%
43rd		 5.9%
Gross profit CAGR, 3 yr 1.9% 3.8%
29th		 3.3%
Operating income CAGR, 3 yr 2.0% 0.5%
57th		 2.1%
Net income growth (TTM YoY) 4.9% 2.2%
67th		 4.7%
Net income CAGR, 3 yr -2.4% -2.4%
50th		 1.4%
EPS growth (TTM YoY) 6.8% 6.8%
50th		 7.6%
EPS CAGR, 3 yr 1.7% 1.7%
50th		 3.4%
EPS CAGR, 5 yr 55.6% — 2.9%
FCF growth (TTM YoY) 58.8% 40.4%
57th		 26.3%
FCF CAGR, 3 yr 8.6% 4.0%
86th		 6.5%
Operating cash flow CAGR, 3 yr 9.3% 2.3%
86th		 6.7%
Book value CAGR, 3 yr —
Dividend CAGR, 3 yr 5.3% 3.7%
67th		 3.2%
Sustainable growth rate —

Margin history & stability

MeasureMARIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 20.9% 38.8%
0th		 34.9%
Operating margin, 3-yr average 15.6% 19.6%
29th		 8.0%
Net margin, 3-yr average 10.4% 12.8%
29th		 4.8%
FCF margin, 3-yr average 10.1% 11.5%
43rd		 5.7%
Revenue stability (0-1) 0.84 0.81
57th		 0.80
Earnings stability (0-1) 0.55 0.18
86th		 0.43
Margin stability (0-1) 0.94 0.84
86th		 0.92

Liquidity (latest quarter)

MeasureMARIndustry medianIndustry percentileSector median
Cash & short-term investments $462.0M $367.0M
57th		 $278.1M
Net cash (− = net debt) −$17.3B −$3.8B
0th		 −$1.2B
Working capital −$3.7B −$491.3M
0th		 $298.0M
Current ratio 0.53 0.80
0th		 1.49
Quick ratio 0.53 0.66
14th		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.06 0.19
0th		 0.31
Defensive interval (days) 1,180 days 414 days
100th		 290 days

Leverage & solvency (latest quarter)

MeasureMARIndustry medianIndustry percentileSector median
Total debt $17.8B $4.5B
100th		 $1.8B
Debt / equity —
Net debt / equity —
Debt / assets 63.3% 63.7%
43rd		 39.7%
Debt / capital —
Debt / EBITDA 3.60 4.07
43rd		 3.26
Net debt / EBITDA 3.51 3.86
43rd		 2.42
Interest coverage (EBIT / interest) 5.1x 4.3x
67th		 5.1x
Cash interest coverage 4.4x 2.9x
71st		 6.0x
Debt payback (years of OCF) 4.8 yrs 6.9 yrs
14th		 3.8 yrs
Liabilities / assets 116.1% 92.5%
71st		 68.1%
IS credit model rating BBB+ — —
Implied credit spread (bps) 225 375
14th		 275

Efficiency

MeasureMARIndustry medianIndustry percentileSector median
Asset turnover 0.97 0.67
71st		 1.00
Fixed asset turnover 9.75 7.43
71st		 3.73
Inventory turnover —
Receivables turnover 8.5 7.2
71st		 19.9
Days sales outstanding 43 days 50 days
29th		 18 days
Days inventory outstanding —
Days payables outstanding 14 days 42 days
0th		 42 days
Cash conversion cycle (days) 29 days 25 days
71st		 44 days
Capex / revenue 2.2% 1.2%
71st		 3.1%
Capex / depreciation 0.98 0.31
100th		 0.89
Operating expense ratio 4.6% 12.4%
14th		 24.8%

Cash flow & earnings quality

MeasureMARIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.44 1.44
50th		 1.76
FCF / net income 1.21 1.28
33rd		 1.18
FCF / operating cash flow 84.0% 89.1%
29th		 70.1%
Capex / operating cash flow 16.0% 10.9%
71st		 29.9%
Accruals ratio -4.1% -3.5%
29th		 -5.7%
Sloan accruals ratio 0.9% -4.5%
100th		 -3.6%
Earnings quality score (0-1) 1.00 1.00
33rd		 0.75

Dividends & buybacks

MeasureMARIndustry medianIndustry percentileSector median
Dividend yield 0.7% 0.5%
57th		 0.8%
Dividend per share (TTM) $2.80 $0.88
100th		 $0.40
Payout ratio (dividends / net income) 28.3% 28.3%
50th		 17.8%
Dividends / FCF 23.3% 23.3%
50th		 11.6%
Dividend growth (YoY) 5.0% 1.5%
67th		 4.8%
Buyback yield 3.6% 4.0%
29th		 1.6%
Shareholder yield (dividends + buybacks) 4.3% 5.2%
29th		 3.7%
Share count change (YoY) -1.8% -3.9%
86th		 -0.9%
Buybacks, last 5 years $10.7B $1.1B
100th		 $198.3M

Scores & forensic checks

MeasureMARIndustry medianIndustry percentileSector median
IS score 60 53
86th		 50
IS profitability 35 40
43rd		 38
IS growth 57 57
57th		 53
IS value 38 38
43rd		 50
IS momentum 76 73
71st		 72
IS risk (safety) 100 65
86th		 65
IS quality 64 61
71st		 63
IS balance sheet 20 24
14th		 48
IS earnings quality 79 73
100th		 77
IS cash flow 68 63
71st		 56
Piotroski F-score (0-9) 7 6
57th		 6
Altman Z-score 4.1 2.5
86th		 2.8
Beneish M-score −2.42 −2.57
86th		 −2.69
Ohlson O-score −5.94 −5.37
0th		 −6.83
IS credit score 65 51
86th		 58

Per share

MeasureMARIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $9.60 $4.84
86th		 $2.05
Book value per share −$16.80 $4.76
29th		 $14.46
Tangible book per share −$88.89 −$28.25
0th		 $3.70
Revenue per share $99.87 $63.42
100th		 $46.29
FCF per share $11.63 $4.96
86th		 $2.72
Operating cash flow per share $13.84 $5.23
100th		 $4.86
Cash per share $1.71 $2.56
29th		 $3.59

Size (TTM)

MeasureMARIndustry medianIndustry percentileSector median
Market cap $101.2B $10.8B
100th		 $3.6B
Revenue $26.9B $5.9B
100th		 $3.9B
EBITDA $4.9B $1.1B
100th		 $442.3M
Net income $2.6B $268.0M
100th		 $178.6M
Free cash flow $3.1B $382.0M
100th		 $206.3M
Total assets $28.1B $8.7B
100th		 $4.4B
Shareholders' equity −$4.5B $150.8M
14th		 $957.6M
Employees 414,000 17,674
100th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-30Reid Grant
Director
 Award / grant 70$359.68$25,0003,627
2026-09-30Lewis Aylwin B
Director
 Award / grant 10$359.68$3,62513,435
2026-09-25Marriott David S
Director, other: 13D Group Owning more t
 Open-market sale 3,500$352.09$1.2M282,383
2026-09-25Harrison Deborah Marriott
Director, other: Member of 13(d) group
 Open-market sale 3,500$352.09$1.2M282,383
2026-09-25Marriott J W Jr
10 percent owner, other: 13D Group Ownin
 Open-market sale 3,500$352.09$1.2M282,383
2026-09-08Marriott David S
Director, other: 13D Group Owning more t
 Other 2,000,000——20,027,118
2026-09-08Harrison Deborah Marriott
Director, other: Member of 13(d) group
 Other 2,000,000——20,027,118
2026-09-08Juliana B. Marriott Marital Trust
other: Member of a 10% Group
 Other 2,000,000——20,027,118
2026-09-08Marriott Juliana B.
other: Member of 10% Group
 Other 2,000,000——20,027,118
2026-08-17Jones Neal
President, EMEA
 Tax withholding 107$355.49$38,0373,644
2026-06-30Lewis Aylwin B
Director
 Award / grant 10$370.98$3,62513,421
2026-06-30Reid Grant
Director
 Award / grant 39$370.98$14,5163,557

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarMayJunAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired177,665$340,420
GiftDisposed319,892—
GiftAcquired61,196—
Open-market saleDisposed518,316$6.5M
OtherDisposed48,000,000—
Tax withholdingDisposed1107$38,037
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 27 notices · 258,082 shares · $87.0M
FiledFilerShares proposedEst. proceeds
2026-09-25Marriott David S3,500$1.2M
2026-09-25Marriott J W Jr3,500$1.2M
2026-09-25Harrison Deborah Marriott3,500$1.2M
2026-06-12Brown William P2,768$1.1M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 3 trades (1 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHouseSale$1,001 - $15,0002026-10-09
2026-04-08W. Gregory SteubeHousePurchase$15,001 - $50,0002026-04-15
2026-01-29Ro KhannaHouseSale$1,001 - $15,0002026-02-10
2025-09-23Val HoyleHouseSale$1,001 - $15,0002025-10-10
2020-08-03Ron WydenSenateSale (Full)$100,001 - $250,0002020-08-29
2020-08-03Ron WydenSenateSale (Full)$100,001 - $250,0002020-08-28
2020-08-03Ronald Lee WydenSenateSale (Full)$100,001 - $250,0002020-08-28
2020-06-05Ron WydenSenatePurchase$50,001 - $100,0002020-07-02
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.16,054,546$5.9B6.16%
VANGUARD CAPITAL MANAGEMENT LLC14,040,575$5.2B5.38%
STATE STREET CORP9,644,773$3.6B3.70%
Invesco Ltd.9,636,938$3.6B3.70%
FMR LLC6,812,385$2.5B2.61%
WELLINGTON MANAGEMENT GROUP LLP5,472,154$2.0B2.10%
GEODE CAPITAL MANAGEMENT, LLC5,347,374$2.0B2.05%
VANGUARD PORTFOLIO MANAGEMENT LLC4,041,833$1.5B1.55%
JPMORGAN CHASE & CO3,755,489$1.4B1.44%
MASSACHUSETTS FINANCIAL SERVICES CO /MA/3,713,960$1.4B1.42%
Capital International Investors2,598,367$963.1M1.00%
Fundsmith LLP2,585,757$958.3M0.99%
GOLDMAN SACHS GROUP INC2,349,573$870.7M0.90%
NORGES BANK2,277,479$844.0M0.87%
MORGAN STANLEY2,140,103$793.1M0.82%

Institutional ownership by quarter

2023-092026-0660.9%
% of shares held by 13F filers
2023-092026-061,762
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-301,76260.9%21365255579
2026-03-311,64459.1%19354458698
2025-12-311,57461.8%24852750986
2025-09-301,44461.1%96519495106
2025-06-301,48462.3%15249053784
2025-03-311,43360.9%99492576172
2024-12-311,53160.8%22550650270
2024-09-301,40760.1%12643954487
2024-06-301,38861.9%112476513112
2024-03-311,40763.9%15547250278
2023-12-311,34966.0%19546745567
2023-09-301,23665.8%12341545769

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-30SCHEDULE 13GVanguard Capital Management6.1%16,224,614
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
2026-01-20SCHEDULE 13D/AJ.W. Marriott, Jr.11.4%30,689,090
2026-01-20SCHEDULE 13D/AThe Juliana B. Marriott Marital Trust8.4%22,429,046
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.10%$2.4B
VSMPX0.10%$2.4B
VTI0.10%$2.4B
VTSAX0.10%$2.4B
QQQ0.41%$2.0B
VFIAX0.12%$2.0B

Share structure

Shares outstanding260,766,288
Float223,307,211
Free float85.6%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$13.9B$20.8B$23.7B$25.1B$26.2B
Cost of revenue$11.1B$16.2B$18.6B$20.0B$20.6B
Gross profit$2.8B$4.6B$5.1B$5.1B$5.6B
R&D$0$0$0$0$0
SG&A$823.0M$891.0M$1.0B$1.1B$965.0M
Operating income$1.8B$3.5B$3.9B$3.8B$4.1B
EBITDA$1.9B$3.9B$4.4B$4.3B$4.5B
Pretax income$1.2B$3.1B$3.4B$3.2B$3.4B
Income tax$81.0M$756.0M$295.0M$776.0M$793.0M
Net income$1.1B$2.4B$3.1B$2.4B$2.6B
EPS, diluted$3.34$7.24$10.18$8.33$9.49
Diluted shares329.3M325.8M302.9M285.2M269.4M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$1.4B$507.0M$338.0M$396.0M$358.0M
Receivables$2.0B$2.6B$2.7B$2.8B$2.9B
Inventory$0$0$0$0$0
Total current assets$3.6B$3.3B$3.3B$3.5B$3.6B
PP&E, net$2.6B$2.6B$2.5B$2.7B$2.9B
Goodwill & intangibles$18.0B$17.6B$18.1B$18.2B$19.2B
Total assets$25.6B$24.8B$25.7B$26.2B$27.5B
Accounts payable$726.0M$746.0M$738.0M$763.0M$814.0M
Total current liabilities$6.4B$7.3B$7.8B$8.6B$8.4B
Long-term debt$9.3B$9.4B$11.3B$13.1B$15.0B
Total liabilities$24.1B$24.2B$26.4B$29.2B$31.3B
Shareholders' equity$1.4B$568.0M−$682.0M−$3.0B−$3.8B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$1.1B$2.4B$3.1B$2.4B$2.6B
Depreciation & amortization$295.0M$400.0M$436.0M$492.0M$599.0M
Stock-based compensation$182.0M$192.0M$205.0M$237.0M$236.0M
Change in working capital$110.0M−$542.0M$69.0M−$82.0M−$147.0M
Operating cash flow$1.2B$2.4B$3.2B$2.7B$3.2B
Capital expenditure−$183.0M−$332.0M−$452.0M−$750.0M−$604.0M
Free cash flow$994.0M$2.0B$2.7B$2.0B$2.6B
Investing cash flow−$187.0M−$297.0M−$465.0M−$734.0M−$948.0M
Net debt issued / repaid−$231.0M−$3.0M$1.8B$2.6B$1.7B
Buybacks$0−$2.6B−$4.0B−$3.8B−$3.3B
Dividends paid$0−$321.0M−$587.0M−$682.0M−$718.0M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin20.2%21.9%21.6%20.3%21.3%
Operating margin12.6%16.7%16.3%15.0%15.8%
Net margin7.9%11.4%13.0%9.5%9.9%
FCF margin7.2%9.8%11.5%8.0%11.1%
ROE119.2%237.9%-5,408.8%-129.3%-76.9%
ROIC14.5%23.5%30.0%24.0%24.5%
ROA4.4%9.4%12.2%9.2%9.7%
Debt / equity7.9519.54-18.71-5.09-4.53
Interest coverage3.8x8.7x7.0x5.5x5.2x
Current ratio0.570.450.430.400.43
Revenue growth+31.1%+49.9%+14.2%+5.8%+4.3%
EPS growth+507.1%+122.6%+40.6%−18.7%+13.9%
P/E at year end47.8x19.5x21.2x32.6x32.1x
EV / EBITDA at year end32.9x14.9x18.4x21.2x21.7x
FCF yield at year end1.89%4.42%4.16%2.58%3.47%
Dividend payout0.0%13.6%19.0%28.7%27.6%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Reimbursements———$18.8B$19.5B
United States & Canada$10.4B$15.8B$17.7B——
Fee Service———$5.2B$5.4B
International$2.3B$3.5B$4.5B——
Franchise———$3.1B$3.3B
Management Service, Base———$2.1B$2.1B
Owned, Leased and Other———$1.6B$1.7B
Unallocated Corporate and Other$1.2B$1.5B$1.6B——

Revenue by region · FY2025

International Segment$5.7B · 100%

Street estimates by fiscal year

Next report 2026-11-02 · consensus EPS $2.83 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$27.8B$27.3B – $28.2B$11.73$11.57 – $11.881833.1x
2027$29.5B$28.8B – $30.7B$13.09$12.79 – $14.412029.6x
2028$30.9B$27.9B – $33.8B$14.63$13.45 – $15.941026.5x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-03$3.08$3.19+3.6%$7.2B$7.1B−1.7%
2026-05-06$2.56$2.72+6.3%$6.6B$6.7B+1.0%
2026-02-10$2.60$2.58−0.8%$6.7B$6.7B+0.3%
2025-11-04$2.38$2.47+3.8%$6.5B$6.5B+0.5%
2025-08-05$2.61$2.65+1.5%$6.7B$6.7B+1.1%
2025-05-06$2.25$2.32+3.1%$6.2B$6.3B+1.2%
2025-02-11$2.37$2.45+3.4%$6.4B$6.4B+0.4%
2024-11-04$2.31$2.26−2.2%$6.3B$6.3B−0.3%
2024-07-31$2.47$2.50+1.2%$6.5B$6.4B−0.5%
2024-05-01$2.17$2.13−1.8%$5.9B$6.0B+0.5%
2024-02-13$2.12$3.57+68.4%$6.2B$6.1B−1.7%
2023-11-02$2.11$2.110.0%$5.9B$5.9B+0.7%
2023-08-01$2.18$2.26+3.7%$6.0B$6.1B+1.6%
2023-05-02$1.84$2.09+13.6%$5.4B$5.6B+3.8%
2023-02-14$1.83$1.96+7.1%$5.4B$5.9B+10.3%
2022-11-03$1.68$1.69+0.6%$5.3B$5.3B+0.2%
2022-08-02$1.56$1.80+15.4%$4.9B$5.3B+8.4%
2022-05-04$0.90$1.25+38.9%$4.2B$4.2B+0.7%
2022-02-15$0.99$1.30+31.3%$4.0B$4.4B+11.2%
2021-11-03$0.97$0.99+2.1%$3.8B$3.9B+4.8%
2021-08-03$0.43$0.79+83.7%$2.9B$3.1B+10.3%
2021-05-10$0.03$0.10+196.7%$2.4B$2.3B−3.1%
2021-02-18$0.10$0.12+20.0%$2.0B$2.2B+10.0%
2020-11-06$-0.07$0.06+185.7%$5.6B$2.3B−59.6%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.706-150.906-220.606-290.807-060.807-130.507-200.807-271.408-030.608-100.608-170.508-240.708-31
Week ofNotionalSharesTrades
2026-08-31$654.8M1,945,00279,592
2026-08-24$474.8M1,329,53254,873
2026-08-17$592.8M1,656,90163,878
2026-08-10$566.2M1,609,26362,715
2026-08-03$1.4B3,956,212113,482
2026-07-27$840.5M2,223,02286,695

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1561.3%
DateShort shareShort volumeTotal volume
2026-10-1561.3%437,021712,968
2026-10-1452.4%216,736413,737
2026-10-1352.2%130,238249,458
2026-10-1254.8%152,846279,022
2026-10-0960.5%173,199286,465
2026-10-0859.4%212,783358,108
2026-10-0752.7%190,008360,494
2026-10-0655.9%156,780280,588
2026-10-0548.9%172,292352,678
2026-10-0250.0%153,496306,776
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.2Jan+2.3Feb+0.3Mar+4.9Apr-0.5May-3.3Jun+0.4Jul+1.6Aug+1.0Sep+2.1Oct+4.5Nov+3.1Dec
MonthAvg returnUp yearsYears
Jan+1.2%60%20
Feb+2.3%55%20
Mar+0.3%62%21
Apr+4.9%75%20
May−0.5%35%20
Jun−3.3%35%20
Jul+0.4%55%20
Aug+1.6%50%20
Sep+1.0%55%20
Oct+2.1%60%20
Nov+4.5%70%20
Dec+3.1%70%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1475.7
MFI72.4
ADX29.8
Stochastic %K / %D90.0 / 92.8
Williams %R-15.8
CCI234
TSI / signal31.5 / 15.9
Chaikin money flow0.20
ATR$7.59
Bollinger width12.5%
Volume vs 20-day avg1.40x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$361.13 (+7.5%)
SMA 50$351.84 (+10.3%)
SMA 200$352.03 (+10.2%)
EMA 21$363.00 (+6.9%)
EMA 50$357.90 (+8.4%)
EMA 200$345.39 (+12.4%)
Bollinger upper$383.70 (+1.1%)
Bollinger lower$338.56 (+14.6%)
Parabolic SAR$360.98 (+7.5%)
Open the live chart, 110+ indicators

About Marriott International, Inc.

Marriott International, Inc. is a leading global hospitality firm responsible for managing, franchising, and licensing a wide range of accommodation options, including hotels, residential units, and timeshare resorts, on an international scale. The company segments its extensive operations into North America (covering the U.S. and Canada) and its various international divisions. Under its corporate umbrella, Marriott oversees a diverse collection of esteemed brands, such as JW Marriott, The Ritz-Carlton, W Hotels, Sheraton, Westin, and Courtyard, among many others. As of February 15, 2022, its impressive network encompassed nearly 8,000 properties—specifically 7,989 establishments—operating across 139 countries and territories under 30 distinct hotel brand names. Established in 1927, Marriott International, Inc. maintains its corporate headquarters in Bethesda, Maryland.

https://www.marriott.com

Key executives

NameTitlePayBorn
Anthony G. Capuano Jr.President, Chief Executive Officer & Director$6.8M1966
Benjamin T. BrelandChief Human Resources Officer & Executive Vice President of Global Operations Services$2.2M1976
Rena Hozore ReissExecutive Vice President & General Counsel$2.2M1960
Drew PintoExecutive Vice President and Chief Revenue & Technology Officer—1973
Felitia O. LeeController & Chief Accounting Officer—1962
Jackie Burka McConaghaSenior Vice President of Investor Relations——
Jennifer MasonExecutive VP & CFO—1970
Robert GuidiceChief Global Operations Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Anthony G. Capuano President and Chief Executive Officer2025$1.4M$12.0M$4.5M$23.0M
Kathleen K. Oberg Chief Financial Officer and Executive Vice President, Development2025$1.0M$3.0M$1.6M$7.1M
William P. Brown Group President, United States and Canada2025$869,999$2.1M$1.4M$5.4M
Benjamin T. Breland Chief Human Resources Officer and Executive Vice President, Global Operations Services2025$785,000$2.2M$1.3M$5.4M
Rena H. Reiss Executive Vice President and General Counsel2025$799,999$1.8M$1.3M$4.8M

Employees

176k2018174k2019121k2020120k2021140k2022148k2023155k2024148k2025

Dividends

Ex-dateAmountPaid
2026-08-20$0.732026-09-30
2026-05-22$0.732026-06-30
2026-02-26$0.672026-03-31
2025-11-20$0.672025-12-31
2025-08-21$0.672025-09-30
2025-05-23$0.672025-06-30
2025-02-27$0.632025-03-31
2024-11-21$0.632024-12-31

Moat model

Weak · Efficient Scale · 2026-06-30
Cost advantage68
Intangibles26
Switching costs40
Network effect65
Efficient scale80
Our component scores (0-100) and overall 51.9; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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