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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 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
-$267M $13B $26B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-3% 7% 17% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1B $3B 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $1B $2B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$4B -$342M $3B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $26.2B $2.6B 0.0% 15.8% $2.6B $23M $358M
2024 $25.1B $2.4B 0.0% 15.0% $2.0B $55M $396M
2023 $23.7B $3.1B 0.0% 16.3% $2.7B $56M $338M
2022 $20.8B $2.4B 0.0% 16.7% — $92M $507M
2021 $13.9B $1.1B 0.0% 12.6% — $135M $1.4B
2020 $10.6B -$267M 0.0% 0.8% — $143M $877M
2019 $21.0B $1.3B 0.0% 8.6% — $247M $225M
2018 $20.8B $1.9B 0.0% 11.4% — — $316M
2017 $20.5B $1.5B 0.0% 12.2% — — $383M
2016 $15.4B $808M 0.0% 9.2% — — $858M
2015 $14.5B $859M 0.0% 9.3% — — $96M
2014 $13.8B $753M 0.0% 8.4% — — $104M
2013 $12.8B $626M 0.0% 7.7% — — $126M
2012 $11.8B $571M 0.0% 8.0% — — $88M
2011 $12.3B $198M 0.0% 4.3% — $2.2B $102M

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.

Price / earnings (P/E)
0.0 19.2 38.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 1.9 3.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 0.5 1.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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?

As of Jun '26, Marriott International traded at a price-to-earnings ratio of about 38.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.