MAR Financials Marriott International

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Nov 3, 2026, 05:13 UTC Overview →

Growth & profitability

Revenue has grown 19.9% per year over the past 5 years.
Operating margin has expanded, at 15.8% in the latest year.
Free cash flow has declined 2.0% per year over the past 5 years.

Financial health

The company holds more cash ($358M) than total debt ($23M).
Total debt has grown slower than revenue (-30.6% vs 19.9% per year).
Operating income covered interest expense 5.1× in the latest year.
Total debt is 0.0× EBITDA.

Shareholder returns

Dividends have been paid for 4 consecutive years, consuming 27.6% of earnings and 27.5% of free cash flow.
The dividend has grown 35.7% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$26.2B	$2.6B	0.0%	15.8%	-69.0%	9.4%	$2.6B	$23M	$358M
2024	$25.1B	$2.4B	0.0%	15.0%	-79.4%	9.1%	$2.0B	$55M	$396M
2023	$23.7B	$3.1B	0.0%	16.3%	-452.1%	12.0%	$2.7B	$56M	$338M
2022	$20.8B	$2.4B	0.0%	16.7%	415.1%	9.5%	—	$92M	$507M
2021	$13.9B	$1.1B	0.0%	12.6%	77.7%	4.3%	—	$135M	$1.4B
2020	$10.6B	-$267M	0.0%	0.8%	-62.1%	-1.1%	—	$143M	$877M
2019	$21.0B	$1.3B	0.0%	8.6%	181.1%	5.1%	—	$247M	$225M
2018	$20.8B	$1.9B	0.0%	11.4%	85.7%	8.0%	—	—	$316M
2017	$20.5B	$1.5B	0.0%	12.2%	40.7%	6.1%	—	—	$383M
2016	$15.4B	$808M	0.0%	9.2%	15.8%	3.3%	—	—	$858M
2015	$14.5B	$859M	0.0%	9.3%	-23.9%	14.1%	—	—	$96M
2014	$13.8B	$753M	0.0%	8.4%	-34.2%	11.0%	—	—	$104M
2013	$12.8B	$626M	0.0%	7.7%	-44.2%	9.2%	—	—	$126M
2012	$11.8B	$571M	0.0%	8.0%	-44.4%	9.0%	—	—	$88M
2011	$12.3B	$198M	0.0%	4.3%	-25.4%	3.4%	—	$2.2B	$102M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Sep '26	$7.0B	$794M	0.0%	18.2%	-15.6%	2.8%	$1.3B	$23M	$453M
Jun '26	$7.1B	$766M	0.0%	17.4%	-16.9%	2.7%	$796M	$23M	$462M
Mar '26	$6.7B	$648M	0.0%	16.0%	-15.8%	2.3%	$728M	$23M	$454M
Dec '25	$6.7B	$445M	0.0%	11.6%	-11.8%	1.6%	—	$23M	$358M
Sep '25	$6.5B	$728M	0.0%	18.2%	-23.3%	2.6%	$951M	$23M	$678M
Jun '25	$6.7B	$763M	0.0%	18.3%	-25.7%	2.8%	$488M	$23M	$671M
Mar '25	$6.3B	$665M	0.0%	15.1%	-21.0%	2.5%	$512M	$23M	$523M
Dec '24	$6.4B	$455M	0.0%	11.7%	-15.2%	1.7%	-$24M	$55M	$396M
Sep '24	$6.3B	$584M	0.0%	15.1%	-24.1%	2.2%	$706M	$56M	$394M
Jun '24	$6.4B	$772M	0.0%	18.6%	-36.9%	3.0%	$647M	$56M	$349M
Mar '24	$6.0B	$564M	0.0%	14.7%	-34.9%	2.2%	$670M	$56M	$429M
Dec '23	$6.1B	$848M	0.0%	11.8%	-124.3%	3.3%	$617M	$56M	$338M
Sep '23	$5.9B	$752M	0.0%	18.5%	-113.8%	3.0%	$757M	$56M	$717M
Jun '23	$6.1B	$726M	0.0%	18.0%	-324.1%	2.9%	$552M	$56M	$563M
Mar '23	$5.6B	$757M	0.0%	16.9%	540.7%	3.0%	$792M	$56M	$554M
Dec '22	$5.9B	$673M	0.0%	16.8%	118.5%	2.7%	$301M	$92M	$507M
Sep '22	$5.3B	$630M	0.0%	18.0%	59.3%	2.5%	$801M	—	$1.0B
Jun '22	$5.3B	$678M	0.0%	17.8%	38.3%	2.8%	$580M	—	$546M
Mar '22	$4.2B	$377M	0.0%	13.3%	21.3%	1.5%	$349M	—	$1.0B
Dec '21	$4.4B	$468M	0.0%	14.3%	33.1%	1.8%	$363M	$135M	$1.4B

Valuation over time

How the market has priced MAR against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 18.1× (Mar '23) to 41.2× (Nov '26).
The price-to-sales ratio has risen from 2.1× (Mar '23) to 4.1× (Nov '26).
The dividend yield has fallen from 0.8% (Mar '23) to 0.7% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MAR growing its revenue and profit?

Over the past 5 years, Marriott International's revenue has grown 19.9% per year. These are computed facts, not advice.

How much debt does MAR have?

As of FY2025, Marriott International reported $23M of total debt against $358M of cash; operating income covered interest expense 5.1×.

What is MAR's profit margin?

In FY2025, gross margin was —, operating margin 15.8%, and net margin 9.9%.

What is MAR's P/E ratio?

Marriott International's P/E (TTM) is 40.42 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MAR stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 41.2× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.