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MAR MARRIOTT INTERNATIONAL INC

NasdaqConsumer discretionaryHotels & MotelsBethesda, MDFY ends December 31

New 8-K: Filed an 8-K current report in the last 7 days.Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Feb 10, 2026 (SEC EDGAR)

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$26.2BYoYup 4.33%ended Dec 31, 2025
Net income
$2.6B9.9% margin
Diluted EPS
$9.51YoYup 14.17%
Free cash flow
—
Cash
$358MNet debt $15.8B
Total debt
$16.2B
About MARRIOTT INTERNATIONAL INC

Overview

MARRIOTT INTERNATIONAL INC (MAR) is listed on Nasdaq; the SEC classifies it under "Hotels & Motels".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $26.19B, up 4.3% from fiscal 2024.

Net income was $2.6B, a net margin of 9.9%.

At fiscal year end it had total assets of $27.54B and stockholders' equity of -$3.77B (-13.7% of assets).

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Feb 10, 2026
Latest filing
10-QNov 2, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenueNet incomeNet margin
FY2016$17.1B$780M4.6%
FY2017$22.9B$1.37B6.0%
FY2018$20.8B$1.91B9.2%
FY2019$21B$1.27B6.1%
FY2020$10.6B-$267M-2.5%
FY2021$13.9B$1.1B7.9%
FY2022$20.8B$2.36B11.4%
FY2023$23.7B$3.08B13.0%
FY2024$25.1B$2.38B9.5%
FY2025$26.2B$2.6B9.9%

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016$2.64
FY2017$3.61
FY2018$5.38
FY2019$3.80
FY2020-$0.82
FY2021$3.34
FY2022$7.24
FY2023$10.18
FY2024$8.33
FY2025$9.51

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2016 to FY2025.
PeriodFree cash flowNet income
FY2016$1.38B$780M
FY2017$2.2B$1.37B
FY2018$1.8B$1.91B
FY2019$1.03B$1.27B
FY2020$1.5B-$267M
FY2021$994M$1.1B
FY2022$2.03B$2.36B
FY2023$2.72B$3.08B
FY2024$2B$2.38B
FY2025—$2.6B

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY2016296M
FY2017380M
FY2018354M
FY2019336M
FY2020326M
FY2021329M
FY2022326M
FY2023303M
FY2024285M
FY2025274M

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalentsTotal debt
FY2016$858M$8.51B
FY2017$383M$8.24B
FY2018$316M$9.35B
FY2019$225M$10.9B
FY2020$877M$10.4B
FY2021$1.39B$10.1B
FY2022$507M$10.1B
FY2023$338M$11.9B
FY2024$396M$14.4B
FY2025$358M$16.2B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Operating margin
15.8%
Net margin
9.9%
FCF margin
—
Return on equity
—
Return on assets
9.7%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 4.33%up 8.02%up 19.89%up 4.87%
EPS (diluted)up 14.17%up 9.52%—up 15.30%
Free cash flow————
Change in share count
-4.07%

Financial strength

Current ratio
0.43×
Debt / equity
—
Net debt
$15.8B
Interest coverage
5.12×
Equity / assets
-13.7%

Shareholder returns

Dividends per share
$2.64
Dividends paid
$718M
Buybacks
$3.3B
Payout ratio
27.6%
Stock comp. / revenue
0.9%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

7 of 8 checks passed

FY2025 vs FY2024

Partial: 8 of 9 checks could be computed.

  • PassPositive return on assets9.9%
  • PassPositive operating cash flow$3.21B
  • PassReturn on assets improved9.9% vs 9.3%
  • PassOperating cash flow above net income12.3% vs 9.9%
  • FailLong-term debt / assets fell54.4% vs 50.2%
  • PassCurrent ratio improved0.43× vs 0.4×
  • PassNo increase in share count274M vs 285M
  • —Not computableGross margin improved—
  • PassAsset turnover improved1× vs 0.98×

Altman Z''-Score

Needs current assets and liabilities, retained earnings, operating income, total assets, liabilities and equity from the latest 10-K.

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Revenue26,18625,10023,71320,77313,85710,57120,97220,75822,89417,072
YoY (Revenue)+4.33%+5.85%+14.15%+49.91%+31.09%-49.59%+1.03%-9.33%+34.10%—
Operating income4,1413,7673,8643,4621,750841,8002,3662,3591,368
Interest expense809695565403420445394340288234
Pretax income3,3943,1513,3783,1141,180-4661,5992,3452,8361,184
Income tax79377629575681-1993264381,464404
Net income2,6012,3753,0832,3581,099-2671,2731,9071,372780
YoY (Net income)+9.52%-22.96%+30.75%+114.56%—-120.97%-33.25%+38.99%+75.90%—
EPS (basic)9.538.3610.237.273.36-0.823.835.453.662.68
EPS (diluted)9.518.3310.187.243.34-0.823.805.383.612.64
YoY (EPS (diluted))+14.17%-18.17%+40.61%+116.77%—-121.58%-29.37%+49.03%+36.74%—
Diluted shares (weighted)274285303326329326336354380296

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Cash & equivalents3583963385071,393877225316383858
Current assets3,5843,4853,3113,3133,6262,8253,1272,7062,7473,371
Goodwill8,9078,7318,8868,8729,0739,1759,0489,0399,2077,598
Intangible assets10,3369,4889,1908,7478,9268,9898,6418,3808,8059,270
Total assets27,54026,18225,67424,81525,55324,70125,05123,69623,94824,140
Current liabilities8,3988,6497,7627,3396,4075,7526,6776,4376,0105,147
Short-term debt1,2091,3095536848051,173977833398309
Long-term debt14,99513,13811,3209,3809,3339,2039,9638,5147,8408,197
Retained earnings18,41416,53114,83812,34210,3059,2069,6448,9827,3916,501
Stockholders' equity-3,771-2,992-6825681,4144307032,2253,7315,357
Shares outstanding266277291311326324324339359386

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Operating cash flow3,2122,7493,1702,3631,1771,6391,6852,3572,4361,582
Capital expenditures—750452332183135653556240199
Free cash flow—1,9992,7182,0319941,5041,0321,8012,1961,383
YoY (Free cash flow)—-26.45%+33.83%+104.33%-33.91%+45.74%-42.70%-17.99%+58.79%—
Stock-based compensation236237205192182201187184181212
Share repurchases3,3003,7623,9532,56601502,2602,8503,013568
Dividends paid7186825873210156612543482374
Dividends per share2.642.411.961.00—0.481.85———
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$9.51
Revenue per share
$95.71
FCF per share
—
Book value per share
-$13.78
Tangible book per share
-$84.12
Cash per share
$1.31
Dividends per share
$2.64
Public floatas of Jun 30, 2025
$61.2B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 10-QNew
    Quarterly report· Sep 30, 2026(SEC EDGAR)
  2. 8-KNew
    Current report· Nov 2, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  3. 8-K
    Current report· Sep 23, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 2.03New financial obligation
    • 9.01Financial statements and exhibits
  4. 8-K
    Current report· Aug 11, 2026(SEC EDGAR)
    • 8.01Other events
    • 9.01Financial statements and exhibits
  5. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  6. 8-K
    Current report· Aug 3, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  7. 8-K
    Current report· May 8, 2026(SEC EDGAR)
    • 5.07Shareholder vote results
  8. 10-Q
    Quarterly report· Mar 31, 2026(SEC EDGAR)
  9. 8-K
    Current report· May 6, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  10. DEF 14A
    Proxy statement· May 8, 2026(SEC EDGAR)
All filings on SEC EDGAR

Frequently asked questions

What does MARRIOTT INTERNATIONAL INC do?

The SEC classifies MARRIOTT INTERNATIONAL INC under Standard Industrial Classification (SIC) code 7011, "Hotels & Motels". It is headquartered in Bethesda, MD. It is incorporated in DE. In fiscal 2025 it reported revenue of $26.19B and net income of $2.6B in its annual 10-K report.

What was MARRIOTT INTERNATIONAL INC's revenue in 2025?

MARRIOTT INTERNATIONAL INC reported revenue of $26.19B for fiscal 2025, which ended Dec 31, 2025, up 4.3% from $25.1B in fiscal 2024, according to its annual 10-K report filed with the SEC on Feb 10, 2026.

What was MARRIOTT INTERNATIONAL INC's net income in 2025?

MARRIOTT INTERNATIONAL INC reported net income of $2.6B for fiscal 2025, a net margin of 9.9% of revenue.

Where is MARRIOTT INTERNATIONAL INC listed?

According to the SEC, MARRIOTT INTERNATIONAL INC's ticker MAR is listed on Nasdaq.

When does MARRIOTT INTERNATIONAL INC's fiscal year end?

According to the SEC, MARRIOTT INTERNATIONAL INC's fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.