analyzeportfolio
Nasdaq · Consumer Discretionary

Marriott International Inc. (MAR)

As-reported financials and SEC filings for Marriott International Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Marriott International Inc.

Marriott International Inc is a global franchisor, operator, and licensor of hotels, residential, timeshare, and other lodging properties. It manages a portfolio of brands across various price and service levels, serving customers worldwide with nearly 9,805 properties in 145 countries as of 2025. The company primarily operates through franchising, management, and licensing agreements, providing services such as loyalty programs, reservations, and marketing to hotel owners and third parties.

Snapshot

Revenue
$26.19B
Revenue growth (YoY)
4.3%
Net income
$2.60B
Diluted EPS
$9.51
Gross margin
—
Operating margin
15.8%
Net margin
9.9%
FCF margin
10.0%
ROE
—
net income / fiscal-year-end equity
P/E
40.4×
trailing when available, otherwise FY EPS
Market cap
$101.88B
Long-term debt / equity
—
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Marriott International

  • Revenue grew 4.3% to $26.2B in FY2025, in line with the 5.8% the year before.
  • Operating margin is 15.8% in FY2025, +3.2 pp against 12.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $7.1B, up 4.8% from Q2 FY2025.
  • Free cash flow was $2.6B in FY2025, 10.0% of revenue.
  • Net income rose 9.5% to $2.6B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Marriott International’s fundamentals sit among the 410 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin15.8%
87th percentile of 348
Net margin9.9%
82nd percentile of 384
FCF margin10.0%
82nd percentile of 358
Revenue growth (YoY)+4.3%
57th percentile of 401
P/E40.4×
88th percentile of 245
Short interest4.22d
51st percentile of 407

Marriott International’s P/E of 40.4 ranks in the 88th percentile of the 245 peers with a meaningful P/E. Marriott International’s operating margin of 15.8% ranks in the 87th percentile of the 348 Consumer Discretionary companies reporting it.

No reported insider purchases (code P) in the last 90 days; 3 insider sales totaling $3.7M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$357.6M
reported long value
InvestorAs ofPosition valueSharesChange
Citadel AdvisorsquantQ2 2026$70.8M190.9KReduced
D. E. ShawquantQ2 2026$66.9M180.6KReduced
Millennium ManagementquantQ2 2026$65.9M177.8KReduced
Markel GroupQ2 2026$36.9M99.5KAdded
AQR Capital ManagementquantQ2 2026$34.2M92.2KAdded
Gotham Asset ManagementQ2 2026$34.1M92.1KAdded
Point72 Asset ManagementquantQ2 2026$30.6M82.4KAdded
Renaissance TechnologiesquantQ2 2026$15.5M41.7KReduced
Two Sigma InvestmentsquantQ2 2026$2.9M7.7KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
3
$3.7M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-09-25
filed 2026-09-29
J. W. Marriott Jr.10% ownerSell3.5K$352.09$1.2M
2026-09-25
filed 2026-09-29
Deborah Marriott HarrisonDirectorSell3.5K$352.09$1.2M
2026-09-25
filed 2026-09-29
David S. MarriottDirectorSell3.5K$352.09$1.2M
2026-05-18
filed 2026-05-19
Peggy RoeEVP & Chf. Customer OfficerSell3.0K$361.56$1.1M
2026-05-13
filed 2026-05-14
Yibing MaoPres. Greater ChinaSell4.8K$347.72$1.7M

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
6.7M
settled 2026-09-30
Change vs prior
-4.0%
vs previous settlement
Days to cover
4.22
at avg daily volume
Avg daily volume
1.6M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-306.7M-4.0%4.22
2026-09-157.0M-0.3%4.39
2026-08-317.0M+26.9%5.10
2026-08-145.5M+20.2%2.66
2026-07-314.6M-7.9%3.41
2026-07-155.0M-8.0%3.49
2026-06-305.4M-13.7%2.95
2026-06-156.3M+3.9%4.61

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$26.19B$25.10B$23.71B$20.77B$13.86B
Gross profit—————
Operating income$4.14B$3.77B$3.86B$3.46B$1.75B
Pre-tax income$3.39B$3.15B$3.38B$3.11B$1.18B
Net income$2.60B$2.38B$3.08B$2.36B$1.10B
Diluted EPS$9.51$8.33$10.18$7.24$3.34

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$358.0M$396.0M$338.0M$507.0M$1.39B
Current assets$3.58B$3.48B$3.31B$3.31B$3.63B
Total assets$27.54B$26.18B$25.67B$24.82B$25.55B
Current liabilities$8.40B$8.65B$7.76B$7.34B$6.41B
Long-term debt$14.99B$13.14B$11.32B$9.38B$9.33B
Total liabilities
Total equity$-3.77B$-2.99B$-682.0M$568.0M$1.41B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$3.21B$2.75B$3.17B$2.36B$1.18B
Capital expenditure$604.0M$750.0M$452.0M$332.0M$183.0M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$7.07B4.8%$766.0M$2.90
Q1 FY2026$6.65B6.2%$648.0M$2.43
Q4 FY20254.1%
Q3 FY2025$6.49B3.7%$728.0M$2.67
Q2 FY2025$6.74B4.7%$763.0M$2.78
Q1 FY2025$6.26B4.8%$665.0M$2.39
Q4 FY20245.5%
Q3 FY2024$6.25B5.5%$584.0M$2.07

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorConsumer Discretionary
SIC industryHotels & Motels
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2018
SEC CIK1048286

Selected SEC filings

10-K2026-02-10
View on EDGAR →
10-K2025-02-11
View on EDGAR →
10-Q2026-08-03
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
10-Q2025-11-04
View on EDGAR →
10-Q2025-08-05
View on EDGAR →
8-K2026-09-24
View on EDGAR →
8-K2026-08-13
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

MAR head to head

Monitor MAR

Get an alert when Marriott International files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor MAR free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.