What is Marriott International, Inc.'s earnings per share (EPS)?

Marriott International, Inc. (MAR) reported diluted earnings per share of $9.51 for fiscal year 2025. This represents a 14.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Marriott International, Inc. (MAR) Financials

MAR

Trailing 12 months to June 30, 2026

Revenue $26.9B +4.7% YoY

Net Income $2.6B +4.9% YoY

EPS (Diluted) $9.67 +8.9% YoY

Free Cash Flow $3.1B +86.2% YoY

Market Cap $94.2B as of Oct 9, 2026

Price / Sales 3.5x on $26.9B revenue, trailing 12 months to June 30, 2026

Price / Earnings 36.4x on $2.6B net income, trailing 12 months to June 30, 2026

Price / Book n/m negative shareholder equity, so no book multiple, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 9, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 3, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MAR SEC filings page.

Marriott International, Inc. (MAR) reported $26.9B in revenue over the twelve months to Jun 30, 2026, up 4.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MAR FY2025 2026-10-04

Marriott’s cash-generating model is recovering, but expanding debt and shareholder distributions are stretching its balance-sheet flexibility.

In FY2025, free cash flow rose 30.5% to $2.6B while capital spending fell 19.5% from FY2024, so cash improvement reflected lighter reinvestment as well as operating growth. Because shareholder distributions totaled $4.0B against that cash flow, the funding mix included greater balance-sheet borrowing rather than relying solely on internally generated cash.

Revenue increased 4.3% in FY2025 while SG&A declined 7.9%, allowing operating income to grow faster than sales. The operating margin moved from 15.0% to 15.8%, pointing to cost absorption and discipline rather than merely more volume.

Debt increased 14.1% from FY2024, while equity was negative -$3.8B in FY2025. With a current ratio of 0.4x and distributions exceeding free cash flow, financial flexibility depends more on recurring cash generation than on a substantial equity cushion.

Financial Health Signals

Financial Health Score 51/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Marriott International, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Marriott International, Inc. has an operating margin of 15.8%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 83/100, reflecting efficient cost management and pricing power. This is up from 15.0% the prior year.

Growth

Marriott International, Inc.'s revenue grew a modest 4.3% year-over-year to $26.2B. This slow but positive growth earns a score of 50/100.

Leverage

Liquidity

Marriott International, Inc.'s current ratio of 0.43 is below the typical benchmark, resulting in a score of 3/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Marriott International, Inc. converts 10.0% of revenue into free cash flow ($2.6B). This strong cash generation earns a score of 65/100.

Returns

Altman Z-Score Safe

3.98

Marriott International, Inc. scores 3.98, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

Marriott International, Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.23x

For every $1 of reported earnings, Marriott International, Inc. generates $1.23 in operating cash flow ($3.2B OCF vs $2.6B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

5.12x

Marriott International, Inc. earns $5.12 in operating income for every $1 of interest expense ($4.1B vs $809.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$7.1B

YoY+4.8%

QoQ+6.3%

5Y CAGR+17.6%

10Y CAGR+6.1%

Marriott International, Inc. generated $7.1B in revenue in Q2 2026. This represents an increase of 4.8% from the same quarter a year earlier. Against the prior quarter it is up 6.3%.

Net Income

$766.0M

YoY+0.4%

QoQ+18.2%

5Y CAGR+12.7%

10Y CAGR+12.0%

Marriott International, Inc. reported $766.0M in net income in Q2 2026. This represents an increase of 0.4% from the same quarter a year earlier. Against the prior quarter it is up 18.2%.

EPS (Diluted)

$2.90

YoY+4.3%

QoQ+19.3%

5Y CAGR+17.8%

10Y CAGR+11.7%

Marriott International, Inc. earned $2.90 per diluted share (EPS) in Q2 2026. This represents an increase of 4.3% from the same quarter a year earlier. Against the prior quarter it is up 19.3%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$796.0M

YoY+63.1%

QoQ+9.3%

5Y CAGR+68.3%

10Y CAGR+6.3%

Marriott International, Inc. generated $796.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 63.1% from the same quarter a year earlier. Against the prior quarter it is up 9.3%.

Cash & Debt

$462.0M

YoY-31.1%

QoQ+1.8%

5Y CAGR-7.0%

10Y CAGR-3.8%

Marriott International, Inc. held $462.0M in cash against $16.5B in long-term debt as of Q2 2026.

Dividends Per Share

$0.73

YoY+9.0%

QoQ+9.0%

Marriott International, Inc. paid $0.73 per share in dividends in Q2 2026. This represents an increase of 9.0% from the same quarter a year earlier. Against the prior quarter it is up 9.0%.

Shares Outstanding

261M

YoY-3.9%

QoQ-1.1%

5Y CAGR-4.3%

10Y CAGR+0.2%

Marriott International, Inc. had 261M shares outstanding in Q2 2026. This represents a decrease of 3.9% from the same quarter a year earlier. Against the prior quarter it is down 1.1%.

Margins & Returns

Operating Margin

17.4%

YoY-0.9pp

QoQ+1.4pp

5Y change+2.0pp

10Y change+7.4pp

Marriott International, Inc.'s operating margin was 17.4% in Q2 2026, reflecting core business profitability. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.4 percentage points.

Net Margin

10.8%

YoY-0.5pp

QoQ+1.1pp

5Y change-2.6pp

10Y change+4.5pp

Marriott International, Inc.'s net profit margin was 10.8% in Q2 2026, showing the share of revenue converted to profit. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Gross Margin

Not reported for Q2 2026.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$1.1B

YoY+49.4%

QoQ+59.9%

Marriott International, Inc. spent $1.1B on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 49.4% from the same quarter a year earlier. Against the prior quarter it is up 59.9%.

Capital Expenditures

$152.0M

YoY-1.9%

QoQ+16.9%

5Y CAGR+30.6%

10Y CAGR+15.5%

Marriott International, Inc. invested $152.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 1.9% from the same quarter a year earlier. Against the prior quarter it is up 16.9%.

R&D Spending

Not reported for Q2 2026.

MAR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MAR quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$26.9B	$26.2B+4.3%	$25.1B+5.8%	$23.7B+14.2%	$20.8B+49.9%	$13.9B+31.1%	$10.6B-49.6%	$21.0B+1.0%	$20.8B+1.5%	$20.5B+32.7%	$15.4B+6.4%	$14.5B+5.0%	$13.8B+7.9%	$12.8B+8.2%	$11.8B-4.1%	$12.3B
SG&A Expenses	$890.0M	$870.0M-7.9%	$945.0M+9.0%	$867.0M-2.7%	$891.0M+8.3%	$823.0M+8.0%	$762.0M-18.8%	$938.0M+1.2%	$927.0M+0.7%	$921.0M+24.0%	$743.0M+17.2%	$634.0M-3.8%	$659.0M+1.5%	$649.0M+11.5%	$582.0M-22.6%	$752.0M
Operating Income	$4.3B	$4.1B+9.9%	$3.8B-2.5%	$3.9B+11.6%	$3.5B+97.8%	$1.8B+1983.3%	$84.0M-95.3%	$1.8B-23.9%	$2.4B-5.5%	$2.5B+75.8%	$1.4B+5.5%	$1.4B+16.5%	$1.2B+17.3%	$988.0M+5.1%	$940.0M+78.7%	$526.0M
EBITDA	N/A	$4.6B+10.8%	$4.2B-1.5%	$4.2B+11.6%	$3.8B+99.8%	$1.9B+365.0%	$406.0M-81.1%	$2.1B-18.2%	$2.6B-10.2%	$2.9B+75.1%	$1.7B+7.8%	$1.5B+13.9%	$1.4B+21.8%	$1.1B+7.0%	$1.0B+55.5%	$670.0M
Interest Expense	$849.0M	$809.0M+16.4%	$695.0M+23.0%	$565.0M+40.2%	$403.0M-4.0%	$420.0M-5.6%	$445.0M+12.9%	$394.0M+15.9%	$340.0M+18.1%	$288.0M+23.1%	$234.0M+40.1%	$167.0M+45.2%	$115.0M-4.2%	$120.0M-12.4%	$137.0M-16.5%	$164.0M
Income Tax	$891.0M	$793.0M+2.2%	$776.0M+163.1%	$295.0M-61.0%	$756.0M+833.3%	$81.0M+140.7%	-$199.0M-161.0%	$326.0M-25.6%	$438.0M-71.2%	$1.5B+253.4%	$431.0M+8.8%	$396.0M+18.2%	$335.0M+23.6%	$271.0M-2.5%	$278.0M+75.9%	$158.0M
Net Income	$2.6B	$2.6B+9.5%	$2.4B-23.0%	$3.1B+30.7%	$2.4B+114.6%	$1.1B+511.6%	-$267.0M-121.0%	$1.3B-33.2%	$1.9B+30.7%	$1.5B+80.6%	$808.0M-5.9%	$859.0M+14.1%	$753.0M+20.3%	$626.0M+9.6%	$571.0M+188.4%	$198.0M
EPS (Basic)	N/A	$9.53+14.0%	$8.36-18.3%	$10.23+40.7%	$7.27+116.4%	$3.36+509.8%	-$0.82-121.4%	$3.83-29.7%	$5.45+40.1%	$3.89+39.9%	$2.78-13.7%	$3.22+23.8%	$2.60+26.8%	$2.05+15.8%	$1.77+216.1%	$0.56
EPS (Diluted)	$9.67	$9.51+14.2%	$8.33-18.2%	$10.18+40.6%	$7.24+116.8%	$3.34+507.3%	-$0.82-121.6%	$3.80-29.4%	$5.38+40.1%	$3.84+40.7%	$2.73-13.3%	$3.15+24.0%	$2.54+27.0%	$2.00+16.3%	$1.72+212.7%	$0.55
Diluted Shares (Avg)	N/A	274M-4.1%	285M-5.8%	303M-7.0%	326M-1.1%	329M+1.1%	326M-2.9%	336M-5.3%	354M-6.8%	380M+28.5%	296M+8.4%	273M-8.1%	297M-5.2%	313M-6.0%	333M-8.1%	362M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$7.1B+4.8%	$6.7B+6.2%	$6.7B+4.1%	$6.5B+3.7%	$6.7B+4.7%	$6.3B+4.8%	$6.4B+5.5%	$6.3B+5.5%
SG&A Expenses	$220.0M+4.8%	$219.0M+4.8%	$217.0M+35.6%	$234.0M-15.2%	$210.0M-15.3%	$209.0M-19.9%	$160.0M-14.0%	$276.0M+15.5%
Operating Income	$1.2B-0.6%	$1.1B+12.2%	$777.0M+3.3%	$1.2B+25.0%	$1.2B+3.4%	$948.0M+8.2%	$752.0M+4.7%	$944.0M-14.1%
Interest Expense	$221.0M+8.9%	$214.0M+11.5%	$208.0M+15.6%	$206.0M+15.1%	$203.0M+17.3%	$192.0M+17.8%	$180.0M+17.6%	$179.0M+22.6%
Income Tax	$278.0M-4.5%	$210.0M+112.1%	$137.0M-4.2%	$266.0M+31.7%	$291.0M+8.6%	$99.0M-39.3%	$143.0M+153.6%	$202.0M-14.8%
Net Income	$766.0M+0.4%	$648.0M-2.6%	$445.0M-2.2%	$728.0M+24.7%	$763.0M-1.2%	$665.0M+17.9%	$455.0M-46.3%	$584.0M-22.3%
EPS (Basic)	$2.90+4.3%	$2.44+1.7%	$1.67+1.2%	$2.68+28.8%	$2.78+3.0%	$2.40+23.7%	$1.65-42.5%	$2.08-17.5%
EPS (Diluted)	$2.90+4.3%	$2.43+1.7%	$1.67+1.8%	$2.67+29.0%	$2.78+3.3%	$2.39+23.8%	$1.64-42.7%	$2.07-17.5%
Diluted Shares (Avg)	265M-3.7%	267M-3.9%	N/A	273M-3.5%	275M-4.2%	278M-4.8%	N/A	282M-5.9%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EBITDA.

MAR Balance Sheet

MAR quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$27.5B+5.2%	$26.2B+2.0%	$25.7B+3.5%	$24.8B-2.9%	$25.6B+3.4%	$24.7B-1.4%	$25.1B+5.7%	$23.7B-0.6%	$23.8B-1.2%	$24.1B+296.9%	$6.1B-11.0%	$6.8B+0.6%	$6.8B+7.1%	$6.3B+7.3%	$5.9B
Current Assets	$3.6B+2.8%	$3.5B+5.3%	$3.3B-0.1%	$3.3B-8.6%	$3.6B+28.4%	$2.8B-9.7%	$3.1B+15.6%	$2.7B-1.2%	$2.7B-18.7%	$3.4B+143.6%	$1.4B-14.0%	$1.6B-15.4%	$1.9B+29.0%	$1.5B+11.4%	$1.3B
Cash & Equivalents	$358.0M-9.6%	$396.0M+17.2%	$338.0M-33.3%	$507.0M-63.6%	$1.4B+58.8%	$877.0M+289.8%	$225.0M-28.8%	$316.0M-17.5%	$383.0M-55.4%	$858.0M+793.8%	$96.0M-7.7%	$104.0M-17.5%	$126.0M+43.2%	$88.0M-13.7%	$102.0M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$10.0M-9.1%	$11.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$8.9B+2.0%	$8.7B-1.7%	$8.9B+0.2%	$8.9B-2.2%	$9.1B-1.1%	$9.2B+1.4%	$9.0B+0.1%	$9.0B-1.8%	$9.2B+21.2%	$7.6B+705.7%	$943.0M+5.5%	$894.0M+2.3%	$874.0M0.0%	$874.0M-0.1%	$875.0M
Total Liabilities	$31.3B+7.3%	$29.2B+10.7%	$26.4B+8.7%	$24.2B+0.4%	$24.1B-0.5%	$24.3B-0.3%	$24.3B+13.4%	$21.5B+6.0%	$20.3B+6.5%	$19.0B+96.6%	$9.7B+7.1%	$9.0B+10.0%	$8.2B+7.6%	$7.6B+14.0%	$6.7B
Current Liabilities	$8.4B-2.9%	$8.6B+11.4%	$7.8B+5.8%	$7.3B+14.5%	$6.4B+11.4%	$5.8B-13.9%	$6.7B+3.7%	$6.4B+10.8%	$5.8B+12.8%	$5.1B+59.2%	$3.2B+6.4%	$3.0B+13.6%	$2.7B-3.5%	$2.8B+8.4%	$2.6B
Non-Current Liabilities	$22.9B+11.6%	$20.5B+10.4%	$18.6B+10.0%	$16.9B-4.6%	$17.7B-4.2%	$18.5B+4.8%	$17.7B+17.5%	$15.0B+4.0%	$14.5B+4.2%	$13.9B+115.4%	$6.4B+7.4%	$6.0B+8.3%	$5.5B+14.0%	$4.9B+17.4%	$4.1B
Long-Term Debt	$15.0B+14.1%	$13.1B+16.1%	$11.3B+20.7%	$9.4B+0.5%	$9.3B+1.4%	$9.2B-7.6%	$10.0B+17.0%	$8.5B+8.6%	$7.8B-4.4%	$8.2B+115.3%	$3.8B+10.4%	$3.4B+9.5%	$3.1B+24.5%	$2.5B+39.2%	$1.8B
Total Equity	-$3.8B-26.0%	-$3.0B-338.7%	-$682.0M-220.1%	$568.0M-59.8%	$1.4B+228.8%	$430.0M-38.8%	$703.0M-68.4%	$2.2B-37.9%	$3.6B-30.1%	$5.1B+242.6%	-$3.6B-63.2%	-$2.2B-55.5%	-$1.4B-10.1%	-$1.3B-64.5%	-$781.0M
Retained Earnings	$18.4B+11.4%	$16.5B+11.4%	$14.8B+20.2%	$12.3B+19.8%	$10.3B+11.9%	$9.2B-4.5%	$9.6B+7.4%	$9.0B+24.0%	$7.2B+11.4%	$6.5B+33.3%	$4.9B+13.8%	$4.3B+11.7%	$3.8B+9.3%	$3.5B+9.2%	$3.2B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$28.1B+2.7%	$27.9B+4.5%	$27.5B+5.2%	$27.8B+6.2%	$27.3B+6.2%	$26.7B+3.5%	$26.2B+2.0%	$26.2B+3.7%
Current Assets	$4.2B+4.8%	$3.9B+4.5%	$3.6B+2.8%	$4.1B+15.1%	$4.0B+15.3%	$3.7B+8.6%	$3.5B+5.3%	$3.6B-3.0%
Cash & Equivalents	$462.0M-31.1%	$454.0M-13.2%	$358.0M-9.6%	$678.0M+72.1%	$671.0M+92.3%	$523.0M+21.9%	$396.0M+17.2%	$394.0M-45.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$8.9B-0.2%	$8.9B+1.1%	$8.9B+2.0%	$8.9B0.0%	$8.9B+1.3%	$8.8B-0.5%	$8.7B-1.7%	$8.9B+1.1%
Total Liabilities	$32.6B+7.6%	$31.9B+7.1%	$31.3B+7.3%	$31.0B+8.1%	$30.3B+8.9%	$29.8B+8.9%	$29.2B+10.7%	$28.6B+10.4%
Current Liabilities	$7.9B-3.6%	$8.5B+2.8%	$8.4B-2.9%	$8.8B+3.3%	$8.2B-1.0%	$8.3B+1.4%	$8.6B+11.4%	$8.5B+11.0%
Non-Current Liabilities	$24.7B+11.8%	$23.4B+8.8%	$22.9B+11.6%	$22.2B+10.2%	$22.1B+13.1%	$21.5B+12.1%	$20.5B+10.4%	$20.1B+10.2%
Long-Term Debt	$16.5B+13.1%	$15.3B+8.6%	$15.0B+14.1%	$14.4B+14.0%	$14.5B+19.4%	$14.1B+20.0%	$13.1B+16.1%	$12.7B+16.6%
Total Equity	-$4.5B-52.7%	-$4.1B-29.2%	-$3.8B-26.0%	-$3.1B-28.8%	-$3.0B-41.8%	-$3.2B-96.0%	-$3.0B-338.7%	-$2.4B-266.3%
Retained Earnings	$19.5B+10.5%	$18.9B+10.9%	$18.4B+11.4%	$18.1B+11.7%	$17.6B+11.1%	$17.0B+11.6%	$16.5B+11.4%	$16.3B+14.9%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable.

MAR Cash Flow Statement

MAR quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$3.7B	$3.2B+16.8%	$2.7B-13.3%	$3.2B+34.2%	$2.4B+100.8%	$1.2B-28.2%	$1.6B-2.7%	$1.7B-28.5%	$2.4B+5.8%	$2.2B+37.6%	$1.6B+6.9%	$1.5B+23.8%	$1.2B+7.4%	$1.1B+15.3%	$989.0M-9.2%	$1.1B
Depreciation & Amortization	N/A	$458.0M+19.6%	$383.0M+10.1%	$348.0M+11.9%	$311.0M+125.4%	$138.0M-57.1%	$322.0M-6.9%	$346.0M+35.2%	$256.0M-38.5%	$416.0M+70.5%	$244.0M+23.9%	$197.0M-1.0%	$199.0M+56.7%	$127.0M+24.5%	$102.0M-29.2%	$144.0M
Stock-Based Compensation	N/A	$236.0M-0.4%	$237.0M+15.6%	$205.0M+6.8%	$192.0M+5.5%	$182.0M-9.5%	$201.0M+7.5%	$187.0M+1.6%	$184.0M+1.7%	$181.0M-14.6%	$212.0M+87.6%	$113.0M+3.7%	$109.0M-6.0%	$116.0M+23.4%	$94.0M-8.7%	$103.0M
Capital Expenditures	$596.0M	$604.0M-19.5%	$750.0M+65.9%	$452.0M+36.1%	$332.0M+81.4%	$183.0M+35.6%	$135.0M-79.3%	$653.0M+17.4%	$556.0M+131.7%	$240.0M+20.6%	$199.0M-34.8%	$305.0M-25.8%	$411.0M+38.9%	$296.0M-32.3%	$437.0M+138.8%	$183.0M
Free Cash Flow	$3.1B	$2.6B+30.5%	$2.0B-26.5%	$2.7B+33.8%	$2.0B+104.3%	$994.0M-33.9%	$1.5B+45.7%	$1.0B-42.7%	$1.8B-9.4%	$2.0B+39.9%	$1.4B+17.4%	$1.2B+48.8%	$813.0M-3.7%	$844.0M+52.9%	$552.0M-39.1%	$906.0M
Investing Cash Flow	-$840.0M	-$948.0M-29.2%	-$734.0M-57.8%	-$465.0M-56.6%	-$297.0M-58.8%	-$187.0M-634.3%	$35.0M+112.3%	-$284.0M-446.2%	-$52.0M-104.3%	$1.2B+151.6%	-$2.3B-739.2%	$367.0M+217.3%	-$313.0M+39.7%	-$519.0M+11.3%	-$585.0M-136.8%	-$247.0M
Financing Cash Flow	-$3.1B	-$2.3B-18.5%	-$2.0B+31.7%	-$2.9B+3.3%	-$3.0B-539.7%	-$463.0M+55.2%	-$1.0B+31.5%	-$1.5B+36.5%	-$2.4B+39.1%	-$3.9B-360.3%	$1.5B+179.2%	-$1.9B-102.6%	-$933.0M-60.0%	-$583.0M-39.5%	-$418.0M+66.4%	-$1.2B
Dividends Paid	$731.0M	$718.0M+5.3%	$682.0M+16.2%	$587.0M+82.9%	$321.0M	$0-100.0%	$156.0M-74.5%	$612.0M+12.7%	$543.0M+12.7%	$482.0M+28.9%	$374.0M+47.8%	$253.0M+13.5%	$223.0M+13.8%	$196.0M+2.6%	$191.0M+42.5%	$134.0M
Share Buybacks	$3.6B	$3.3B-12.3%	$3.8B-4.8%	$4.0B+54.1%	$2.6B	$0-100.0%	$150.0M-93.4%	$2.3B-20.7%	$2.9B-5.4%	$3.0B+430.5%	$568.0M-70.4%	$1.9B+27.0%	$1.5B+81.1%	$834.0M-27.2%	$1.1B-19.6%	$1.4B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$948.0M+47.4%	$858.0M+32.6%	$829.0M+160.7%	$1.1B+24.2%	$643.0M-16.7%	$647.0M-16.9%	$318.0M-57.7%	$880.0M-0.1%
Stock-Based Compensation	$55.0M+12.2%	$57.0M+9.6%	N/A	$50.0M-7.4%	$49.0M0.0%	$52.0M-1.9%	N/A	$54.0M+14.9%
Capital Expenditures	$152.0M-1.9%	$130.0M-3.7%	$172.0M-49.7%	$142.0M-18.4%	$155.0M+24.0%	$135.0M+23.9%	$342.0M+155.2%	$174.0M+40.3%
Free Cash Flow	$796.0M+63.1%	$728.0M+42.2%	$657.0M+2837.5%	$951.0M+34.7%	$488.0M-24.6%	$512.0M-23.6%	-$24.0M-103.9%	$706.0M-6.7%
Investing Cash Flow	-$29.0M+79.7%	-$149.0M-4.2%	-$173.0M+49.9%	-$489.0M-198.2%	-$143.0M-10.0%	-$143.0M-50.5%	-$345.0M-238.2%	-$164.0M-36.7%
Financing Cash Flow	-$915.0M-158.5%	-$612.0M-59.8%	-$979.0M-2819.4%	-$602.0M+10.1%	-$354.0M+50.8%	-$383.0M+36.4%	$36.0M+103.5%	-$670.0M-12.2%
Dividends Paid	$192.0M+4.9%	$178.0M+2.3%	$179.0M+1.7%	$182.0M+3.4%	$183.0M+2.2%	$174.0M+15.2%	$176.0M+15.8%	$176.0M+14.3%
Share Buybacks	$1.1B+49.4%	$700.0M-6.8%	$1.0B+70.6%	$800.0M-21.6%	$749.0M-26.0%	$751.0M-34.4%	$586.0M-39.3%	$1.0B+8.3%

Not reported in any period shown, so not listed: Depreciation & Amortization.

MAR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MAR quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	15.8%+0.8pp	15.0%-1.3pp	16.3%-0.4pp	16.7%+4.0pp	12.6%+11.8pp	0.8%-7.8pp	8.6%-2.8pp	11.4%-0.8pp	12.2%+3.0pp	9.2%-0.1pp	9.3%+0.9pp	8.4%+0.7pp	7.7%-0.2pp	8.0%+3.7pp	4.3%
Net Margin	9.9%+0.5pp	9.5%-3.5pp	13.0%+1.7pp	11.3%+3.4pp	7.9%+10.5pp	-2.5%-8.6pp	6.1%-3.1pp	9.2%+2.1pp	7.1%+1.9pp	5.2%-0.7pp	5.9%+0.5pp	5.5%+0.6pp	4.9%+0.1pp	4.8%+3.2pp	1.6%
Return on Equity	N/A	N/A	N/A	415.1%+337.4pp	77.7%+139.8pp	-62.1%-243.2pp	181.1%+95.4pp	85.7%+45.0pp	40.7%+24.9pp	15.8%	N/A	N/A	N/A	N/A	N/A
Return on Assets	9.4%+0.4pp	9.1%-2.9pp	12.0%+2.5pp	9.5%+5.2pp	4.3%+5.4pp	-1.1%-6.2pp	5.1%-3.0pp	8.1%+1.9pp	6.1%+2.8pp	3.4%-10.8pp	14.1%+3.1pp	11.0%+1.8pp	9.2%+0.2pp	9.0%+5.6pp	3.4%
Current Ratio	0.430.0x	0.400.0x	0.430.0x	0.45-0.1x	0.57+0.1x	0.490.0x	0.470.0x	0.42-0.1x	0.47-0.2x	0.65+0.2x	0.43-0.1x	0.53-0.2x	0.71+0.2x	0.530.0x	0.52
Debt-to-Equity	N/A	N/A	N/A	16.51+9.9x	6.60-14.8x	21.40+7.2x	14.17+10.3x	3.83+1.6x	2.19+0.6x	1.60	N/A	N/A	N/A	N/A	N/A
Asset Turnover	0.950.0x	0.960.0x	0.92+0.1x	0.84+0.3x	0.54+0.1x	0.43-0.4x	0.840.0x	0.880.0x	0.86+0.2x	0.64-1.7x	2.38+0.4x	2.02+0.1x	1.880.0x	1.86-0.2x	2.08
FCF Margin	10.0%+2.0pp	8.0%-3.5pp	11.5%+1.7pp	9.8%+2.6pp	7.2%-7.1pp	14.2%+9.3pp	4.9%-3.8pp	8.7%-1.0pp	9.7%+0.5pp	9.2%+0.9pp	8.3%+2.5pp	5.9%-0.7pp	6.6%+1.9pp	4.7%-2.7pp	7.4%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	17.4%-0.9pp	16.0%+0.8pp	11.6%-0.1pp	18.2%+3.1pp	18.3%-0.2pp	15.1%+0.5pp	11.7%-0.1pp	15.1%-3.5pp
Net Margin	10.8%-0.5pp	9.7%-0.9pp	6.7%-0.4pp	11.2%+1.9pp	11.3%-0.7pp	10.6%+1.2pp	7.1%-6.8pp	9.3%-3.4pp
Return on Assets	2.7%-0.1pp	2.3%-0.2pp	1.6%-0.1pp	2.6%+0.4pp	2.8%-0.2pp	2.5%+0.3pp	1.7%-1.6pp	2.2%-0.8pp
Current Ratio	0.530.0x	0.460.0x	0.430.0x	0.470.0x	0.49+0.1x	0.450.0x	0.400.0x	0.42-0.1x
Asset Turnover	0.250.0x	0.240.0x	0.240.0x	0.230.0x	0.250.0x	0.230.0x	0.250.0x	0.240.0x
FCF Margin	11.3%+4.0pp	10.9%+2.8pp	9.8%+10.2pp	14.7%+3.4pp	7.2%-2.8pp	8.2%-3.0pp	-0.4%-10.5pp	11.3%-1.5pp

Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.

Note: Shareholder equity is negative (-$3.8B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.43), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Marriott International, Inc. MAR	FY2025	$26.2B	$2.6B	9.9%	$94.2B	51/100
Hilton Worldwide Holdings Inc. HLT	FY2025	$12.0B	$1.5B	12.1%	$72.1B	56/100
InterContinental Hotels Group Plc IHG	FY2025	$5.2B	$759.0M	14.6%	$23.4B	25/100
Hyatt Hotels Corporation H	FY2025	$7.1B	-$52.0M	-0.7%	$14.8B	23/100
H World Group Limited HTHT	FY2025	$3.6B	$726.0M	20.1%	$13.2B	52/100
Wyndham Hotels & Resorts, Inc. WH	FY2025	$1.4B	$193.0M	13.5%	$5.4B	53/100

Where Marriott International, Inc. Ranks

Frequently Asked Questions

What is Marriott International, Inc.'s annual revenue?

Marriott International, Inc. (MAR) reported $26.2B in total revenue for fiscal year 2025. This represents a 4.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Marriott International, Inc.'s revenue growing?

Marriott International, Inc. (MAR) revenue grew by 4.3% year-over-year, from $25.1B to $26.2B in fiscal year 2025.

Is Marriott International, Inc. profitable?

Yes, Marriott International, Inc. (MAR) reported a net income of $2.6B in fiscal year 2025, with a net profit margin of 9.9%.

What is Marriott International, Inc.'s EBITDA?

Marriott International, Inc. (MAR) had EBITDA of $4.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Marriott International, Inc. have?

As of fiscal year 2025, Marriott International, Inc. (MAR) had $358.0M in cash and equivalents against $15.0B in long-term debt.

What is Marriott International, Inc.'s operating margin?

Marriott International, Inc. (MAR) had an operating margin of 15.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Marriott International, Inc.'s net profit margin?

Marriott International, Inc. (MAR) had a net profit margin of 9.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Marriott International, Inc. pay dividends?

Yes, Marriott International, Inc. (MAR) paid $2.64 per share in dividends during fiscal year 2025.

What is Marriott International, Inc.'s free cash flow?

Marriott International, Inc. (MAR) generated $2.6B in free cash flow during fiscal year 2025. This represents a 30.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Marriott International, Inc.'s operating cash flow?

Marriott International, Inc. (MAR) generated $3.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Marriott International, Inc.'s total assets?

Marriott International, Inc. (MAR) had $27.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Marriott International, Inc.'s capital expenditures?

Marriott International, Inc. (MAR) invested $604.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Marriott International, Inc. buy back shares?

Yes, Marriott International, Inc. (MAR) spent $3.3B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Marriott International, Inc. have outstanding?

Marriott International, Inc. (MAR) had 265M shares outstanding as of fiscal year 2025.

What is Marriott International, Inc.'s current ratio?

Marriott International, Inc. (MAR) had a current ratio of 0.43 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Marriott International, Inc.'s return on assets (ROA)?

Marriott International, Inc. (MAR) had a return on assets of 9.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Marriott International, Inc.'s P/E ratio?

Marriott International, Inc. (MAR) trades at 36.4x earnings, its market capitalization divided by net income of $2.6B net income, trailing 12 months to June 30, 2026. The market capitalization is $94.2B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Marriott International, Inc.'s price-to-sales ratio?

Marriott International, Inc. (MAR) trades at 3.5x sales, its market capitalization divided by revenue of $26.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $94.2B as of Oct 9, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Why is Marriott International, Inc.'s debt-to-equity ratio negative or not reported?

Marriott International, Inc. (MAR) has negative shareholder equity of -$3.8B as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Marriott International, Inc.'s Altman Z-Score?

Marriott International, Inc. (MAR) has an Altman Z-Score of 3.98, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Marriott International, Inc.'s Piotroski F-Score?

Marriott International, Inc. (MAR) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Marriott International, Inc.'s earnings high quality?

Marriott International, Inc. (MAR) has an earnings quality ratio of 1.23x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Marriott International, Inc. cover its interest payments?

Marriott International, Inc. (MAR) has an interest coverage ratio of 5.12x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Marriott International, Inc.?

Marriott International, Inc. (MAR) scores 51 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.