We are a worldwide franchisor, operator, and licensor of hotel, residential, timeshare, and other lodging properties under a portfolio of compelling brands at different price and service points. Consistent with our focus on franchising, management, and licensing, we own or lease very few of our lodging properties (less than one percent of our system). As of year-end 2025, our system included 9,805 properties (1,779,936 rooms) in 145 countries and territories, and we also had approximately 4,100 properties (nearly 610,000 rooms) in our development pipeline. We discuss our operations in the following reportable business segments: (1) U.S. & Canada, (2) Europe, Middle East & Africa (“EMEA”), (3) Greater China, and (4) Asia Pacific excluding China (“APEC”). Our Caribbean & Latin America (“CALA”) operating segment does not meet the applicable accounting criteria for separate disclosure as a reportable business segment, and as such, we include its results in “Unallocated corporate and other.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 26.2B | 26.2B | 25.1B | 23.7B | 20.8B | 13.9B |
| Net Income | 2.6B | 2.6B | 2.4B | 3.1B | 2.4B | 1.1B |
| EPS | $9.51 | $9.51 | $8.33 | $10.18 | $7.24 | $3.34 |
| Free Cash Flow | 2.6B | 2.6B | 2.0B | 2.7B | 2.0B | 994M |
| ROIC | 23.9% | 25.5% | 23.7% | 31.9% | 25.4% | 17.0% |
| Gross Margin | 25.5% | 25.5% | 25.1% | 26.5% | 27.1% | 25.5% |
| Debt/Equity | 0.00 | -4.62 | -5.27 | -18.22 | 18.92 | 7.74 |
| Dividends/Share | $2.63 | $2.64 | $2.41 | $1.96 | $1.00 | $0.48 |
| Operating Income | 4.1B | 4.1B | 3.8B | 3.9B | 3.5B | 1.8B |
| Operating Margin | 15.8% | 15.8% | 15.0% | 16.3% | 16.7% | 12.6% |
| ROE | 0.0% | -76.9% | -79.4% | -452.1% | 415.1% | 77.7% |
| Shares Outstanding | 274M | 274M | 285M | 303M | 326M | 329M |
MARRIOTT INTERNATIONAL INC /MD/ passes 5 of 9 quality checks, suggesting mixed fundamentals.
MARRIOTT INTERNATIONAL INC /MD/ trades at 37.8x trailing earnings, compared to its 15-year median P/E of 33.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 36.5x vs a median of 25.6x. The company's 5-year average ROIC is 24.7% with a gross margin of 26.0%. Total shareholder yield (dividends + buybacks) is 4.1%. At current prices, the estimated annualized return to fair value is +14.3%.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) has a current P/E ratio of 37.8, compared to its historical median P/E of 33.1. The stock is currently considered Fair based on its historical valuation range.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) has a 5-year average return on invested capital (ROIC) of 24.7%. This indicates strong capital allocation and a potential competitive advantage.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) has a market capitalization of $98.3B. It is classified as a large-cap stock.
Yes, MARRIOTT INTERNATIONAL INC /MD/ (MAR) pays a dividend with a trailing twelve-month yield of 0.73%. The company also returns capital through share buybacks, with a buyback yield of 3.36%.
Based on historical P/E analysis, MARRIOTT INTERNATIONAL INC /MD/ (MAR) appears fair. The current P/E of 37.8 is 14% above its historical median of 33.1. The estimated fair value CAGR (P/E method) is 26.8%.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) operates in the Hotels & Motels industry, within the Consumer Cyclical sector.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) reported annual revenue of $26.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) has a net profit margin of 9.9%. This is a modest margin.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) generated $2.6 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) reported earnings per share (EPS) of $9.51 in its most recent fiscal year.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) has a return on equity (ROE) of -76.9%. A negative ROE may indicate losses or negative equity.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) has a 5-year average gross margin of 26.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for MARRIOTT INTERNATIONAL INC /MD/ (MAR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) has a book value per share of $-13.79, based on its most recent annual SEC filing.
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