MAR MARRIOTT INTERNATIONAL INC
NasdaqConsumer discretionaryHotels & MotelsBethesda, MDFY ends December 31
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
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
Charts
Revenue and net income
| Period | Revenue | Net income | Net margin |
|---|---|---|---|
| FY2016 | $17.1B | $780M | 4.6% |
| FY2017 | $22.9B | $1.37B | 6.0% |
| FY2018 | $20.8B | $1.91B | 9.2% |
| FY2019 | $21B | $1.27B | 6.1% |
| FY2020 | $10.6B | -$267M | -2.5% |
| FY2021 | $13.9B | $1.1B | 7.9% |
| FY2022 | $20.8B | $2.36B | 11.4% |
| FY2023 | $23.7B | $3.08B | 13.0% |
| FY2024 | $25.1B | $2.38B | 9.5% |
| FY2025 | $26.2B | $2.6B | 9.9% |
Diluted EPS
| Period | EPS (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
| Period | Free cash flow | Net 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
| Period | Diluted shares (weighted) |
|---|---|
| FY2016 | 296M |
| FY2017 | 380M |
| FY2018 | 354M |
| FY2019 | 336M |
| FY2020 | 326M |
| FY2021 | 329M |
| FY2022 | 326M |
| FY2023 | 303M |
| FY2024 | 285M |
| FY2025 | 274M |
Cash vs total debt
| Period | Cash & equivalents | Total 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.
Ratios
Profitability
- Operating margin
- 15.8%
- Net margin
- 9.9%
- FCF margin
- —
- Return on equity
- —
- Return on assets
- 9.7%
Growth
| Metric | 1y | 3y CAGR | 5y CAGR | 9y CAGR |
|---|---|---|---|---|
| Revenue | up 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%
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.
Financial statements
USD millions, except per-share figures (USD). Share counts in millions.
Income statement
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26,186 | 25,100 | 23,713 | 20,773 | 13,857 | 10,571 | 20,972 | 20,758 | 22,894 | 17,072 |
| YoY (Revenue) | +4.33% | +5.85% | +14.15% | +49.91% | +31.09% | -49.59% | +1.03% | -9.33% | +34.10% | — |
| Operating income | 4,141 | 3,767 | 3,864 | 3,462 | 1,750 | 84 | 1,800 | 2,366 | 2,359 | 1,368 |
| Interest expense | 809 | 695 | 565 | 403 | 420 | 445 | 394 | 340 | 288 | 234 |
| Pretax income | 3,394 | 3,151 | 3,378 | 3,114 | 1,180 | -466 | 1,599 | 2,345 | 2,836 | 1,184 |
| Income tax | 793 | 776 | 295 | 756 | 81 | -199 | 326 | 438 | 1,464 | 404 |
| Net income | 2,601 | 2,375 | 3,083 | 2,358 | 1,099 | -267 | 1,273 | 1,907 | 1,372 | 780 |
| YoY (Net income) | +9.52% | -22.96% | +30.75% | +114.56% | — | -120.97% | -33.25% | +38.99% | +75.90% | — |
| EPS (basic) | 9.53 | 8.36 | 10.23 | 7.27 | 3.36 | -0.82 | 3.83 | 5.45 | 3.66 | 2.68 |
| EPS (diluted) | 9.51 | 8.33 | 10.18 | 7.24 | 3.34 | -0.82 | 3.80 | 5.38 | 3.61 | 2.64 |
| YoY (EPS (diluted)) | +14.17% | -18.17% | +40.61% | +116.77% | — | -121.58% | -29.37% | +49.03% | +36.74% | — |
| Diluted shares (weighted) | 274 | 285 | 303 | 326 | 329 | 326 | 336 | 354 | 380 | 296 |
Balance sheet
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | 358 | 396 | 338 | 507 | 1,393 | 877 | 225 | 316 | 383 | 858 |
| Current assets | 3,584 | 3,485 | 3,311 | 3,313 | 3,626 | 2,825 | 3,127 | 2,706 | 2,747 | 3,371 |
| Goodwill | 8,907 | 8,731 | 8,886 | 8,872 | 9,073 | 9,175 | 9,048 | 9,039 | 9,207 | 7,598 |
| Intangible assets | 10,336 | 9,488 | 9,190 | 8,747 | 8,926 | 8,989 | 8,641 | 8,380 | 8,805 | 9,270 |
| Total assets | 27,540 | 26,182 | 25,674 | 24,815 | 25,553 | 24,701 | 25,051 | 23,696 | 23,948 | 24,140 |
| Current liabilities | 8,398 | 8,649 | 7,762 | 7,339 | 6,407 | 5,752 | 6,677 | 6,437 | 6,010 | 5,147 |
| Short-term debt | 1,209 | 1,309 | 553 | 684 | 805 | 1,173 | 977 | 833 | 398 | 309 |
| Long-term debt | 14,995 | 13,138 | 11,320 | 9,380 | 9,333 | 9,203 | 9,963 | 8,514 | 7,840 | 8,197 |
| Retained earnings | 18,414 | 16,531 | 14,838 | 12,342 | 10,305 | 9,206 | 9,644 | 8,982 | 7,391 | 6,501 |
| Stockholders' equity | -3,771 | -2,992 | -682 | 568 | 1,414 | 430 | 703 | 2,225 | 3,731 | 5,357 |
| Shares outstanding | 266 | 277 | 291 | 311 | 326 | 324 | 324 | 339 | 359 | 386 |
Cash flow
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 | FY2022Dec 31, 2022 | FY2021Dec 31, 2021 | FY2020Dec 31, 2020 | FY2019Dec 31, 2019 | FY2018Dec 31, 2018 | FY2017Dec 31, 2017 | FY2016Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 3,212 | 2,749 | 3,170 | 2,363 | 1,177 | 1,639 | 1,685 | 2,357 | 2,436 | 1,582 |
| Capital expenditures | — | 750 | 452 | 332 | 183 | 135 | 653 | 556 | 240 | 199 |
| Free cash flow | — | 1,999 | 2,718 | 2,031 | 994 | 1,504 | 1,032 | 1,801 | 2,196 | 1,383 |
| YoY (Free cash flow) | — | -26.45% | +33.83% | +104.33% | -33.91% | +45.74% | -42.70% | -17.99% | +58.79% | — |
| Stock-based compensation | 236 | 237 | 205 | 192 | 182 | 201 | 187 | 184 | 181 | 212 |
| Share repurchases | 3,300 | 3,762 | 3,953 | 2,566 | 0 | 150 | 2,260 | 2,850 | 3,013 | 568 |
| Dividends paid | 718 | 682 | 587 | 321 | 0 | 156 | 612 | 543 | 482 | 374 |
| Dividends per share | 2.64 | 2.41 | 1.96 | 1.00 | — | 0.48 | 1.85 | — | — | — |
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.
Filing timeline
- 10-QNewQuarterly report· Sep 30, 2026(SEC EDGAR)
- 8-KNewCurrent report· Nov 2, 2026(SEC EDGAR)
- 2.02Results of operations
- 9.01Financial statements and exhibits
- 8-KCurrent report· Sep 23, 2026(SEC EDGAR)
- 1.01Material agreement
- 2.03New financial obligation
- 9.01Financial statements and exhibits
- 8-KCurrent report· Aug 11, 2026(SEC EDGAR)
- 8.01Other events
- 9.01Financial statements and exhibits
- 10-QQuarterly report· Jun 30, 2026(SEC EDGAR)
- 8-KCurrent report· Aug 3, 2026(SEC EDGAR)
- 2.02Results of operations
- 9.01Financial statements and exhibits
- 8-KCurrent report· May 8, 2026(SEC EDGAR)
- 5.07Shareholder vote results
- 10-QQuarterly report· Mar 31, 2026(SEC EDGAR)
- 8-KCurrent report· May 6, 2026(SEC EDGAR)
- 2.02Results of operations
- 9.01Financial statements and exhibits
- DEF 14AProxy statement· May 8, 2026(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:
Ver en españolNot 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.