MARNasdaqHotels & MotelsFiscal year ends December 31
MARRIOTT INTERNATIONAL INC /MD/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$390.70+2.65 (+0.68%)
Close on Oct 19, 2026
- Market cap
- $103.34B
- P/E (TTM)
- 40.5
- Dividend yield
- 0.68%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
15.8%+15.0 pts over 5 years
Net margin
9.9%+12.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.3% | +8.0% | +19.9% | +6.1% | |
| Operating income | +9.9% | +6.2% | +118.1% | +11.9% | |
| Net income | +9.5% | +3.3% | – | +11.7% | |
| EPS, diluted | +14.2% | +9.5% | – | +11.7% | |
| Free cash flow | +30.5% | +8.7% | +11.6% | +8.0% | |
| Dividend per share | +9.5% | +38.2% | +40.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 105.6% | -47.1% | -76.9% | |
| Return on assets | 5.3% | -1.1% | 9.7% | |
| Current ratio | 0.65 | 0.49 | 0.43 | |
| Debt to equity | 1.66 | 24.13 | -4.30 | |
| Interest coverage | 6.1× | 0.2× | 5.1× | |
| Capex to revenue | 1.3% | 1.3% | 2.3% | |
| Diluted shares | 296M | 326M | 274M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Marriott International generated $12.67B from operations and spent $18.21B on capital expenditure, dividends and share buybacks. 13% of that went back into the business.
Generated
$12.67B
Used
$18.21B
Capital expenditure$2.32B13%Dividends$2.31B13%Share buybacks$13.58B75%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.9%
×Asset turnover0.97×
×Equity multiplier-7.94×
=Return on equity, FY2025-76.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.9% | 0.97× | -7.94× | -76.9% |
| FY2024 | 9.5% | 0.97× | -14.11× | -129.3% |
| FY2023 | 13.0% | 0.94× | -442.89× | -5408.8% |
| FY2022 | 11.4% | 0.82× | 25.41× | 237.9% |
| FY2021 | 7.9% | 0.55× | 27.25× | 119.2% |
| FY2020 | -2.5% | 0.42× | 43.91× | -47.1% |
| FY2019 | 6.1% | 0.86× | 16.65× | 87.0% |
| FY2018 | 9.2% | 0.87× | 8.19× | 65.7% |
| FY2017 | 7.1% | 0.85× | 5.51× | 33.5% |
| FY2016 | 5.2% | 1.02× | 19.74× | 105.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$2.60B
- Cash generatingOperating cash flow above zero$3.21B
- Return on assets improvedROA up on the prior year9.3% → 9.9%
- Earnings backed by cashOperating cash flow above net income$3.21B vs $2.60B
- Less leverageLong-term debt to assets fell50.2% → 54.4%
- Better liquidityCurrent ratio rose0.40 → 0.43
- No dilutionShare count did not rise285M → 274M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.98 → 1.00