Marriott International Inc (MAR)
Consumer Discretionary · Hotels, Resorts & Cruise Lines · US stock · S&P 500 component
$388.05
▲ +2.34 (0.61%)
Fair valueFair
$309 −20.3% to fair value
$155fair band $216–$402$464
Day's range
$387.55 – $394.74
52-week range
$254.64 – $410.15
Red flags⚠ Negative equity
About Marriott International Inc
Marriott International is a hotel company that franchises, manages and licenses hotels and resorts rather than owning most of them. Its brands include Ritz-Carlton, St. Regis, JW Marriott, Sheraton, Westin, Courtyard and Residence Inn, and its Marriott Bonvoy programme is a loyalty scheme for guests. Hotel owners and franchisees operate properties under these names across the world, while travellers and corporate clients book stays.
Marriott earns revenue mainly from franchise and management fees paid by hotel owners, plus fees tied to co-branded credit cards. Over the last twelve months it was $26.9 billion, growing at 8.0% a year across the last three years. The operating margin is 15.8%, and the business earns a profit of 27% on the capital invested in it. It carries net debt of 3.9 times EBITDA. The company pays a dividend with a yield of 0.7%. On the site's X-Ray Score it receives 44 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $254.64 – $410.15Volume 1,913,000Daily, split-adjusted
Vitals
Market cap$102.6B
52-week range$254.64 – $410.15
Volume (last day)1,913,000
P/E (TTM)40.4
EBIT / EV yield3.6%
Free-cash-flow yield3.1%
Dividend yield0.7%
Revenue (TTM)$26.9B
Net income (TTM)$2.6B
Operating margin15.8%
Return on capital26.5%
Debt incl. leases$16.9B
Cash & securities$462M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$309model spread $279 – $346
Fair
−20.3% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is Medium, so the safety margin is 30%.
Price $388
Undervalued < $216Fair $216 – $402Overvalued > $402
10-year DCF (market-scaled)
$404
Peer multiples
$215
Earnings power floor (not blended)
$72
Fundamentals-adjusted multiple
$309
Growth the price implies
19.6%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Consumer Discretionary peers. Open a lens to see the numbers behind it.
Valuation
Weak
20/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.6%
Free-cash-flow yield3.1%
Fair value vs price0.8×
Growth
Fair
59/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)8.0%
EPS growth (3y)9.5%
Growth consistency100%
Profitability
Fair
52/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital26.5%
Operating margin15.8%
Financial health
Weak
43/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA3.9×
Interest cover5.0×
Dividends
Fair
52/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.7%
Dividends vs free cash flow24%
Dividend growth30.8%
Quarterly results: last 6 quarters
+4.8%
Mar '25
+4.7%
Jun '25
+3.7%
Sep '25
+4.1%
Dec '25
+6.2%
Mar '26
+4.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $7.1B, diluted EPS $2.90.
Compare with peers
BKNG Booking Holdings Inc.69 EXPE Expedia Group, Inc.64 CCL Carnival Corp Ltd.57 ABNB Airbnb, Inc.51Other Hotels, Resorts & Cruise Lines companies by X-Ray Score.
Fundamentals checklist
● 2 Good · ● 6 Average · ● 7 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Average
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Average
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalAverage
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 40/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $13.9B | $20.8B | $23.7B | $25.1B | $26.2B |
| Operating income | $1.8B | $3.5B | $3.9B | $3.8B | $4.1B |
| Net income | $1.1B | $2.4B | $3.1B | $2.4B | $2.6B |
| Operating cash flow | $1.2B | $2.4B | $3.2B | $2.7B | $3.2B |
| Operating margin | 12.6% | 16.7% | 16.3% | 15.0% | 15.8% |
| Free cash flow | $994M | $2.0B | $2.7B | $2.0B | $2.6B |
| Diluted EPS | $3.34 | $7.24 | $10.18 | $8.33 | $9.51 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
12 bullish · 0 neutral · 4 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 0 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 368.7 | Bullish |
| EMA 10 | 371.6 | Bullish |
| SMA 20 | 361.1 | Bullish |
| EMA 20 | 363.5 | Bullish |
| SMA 50 | 351.8 | Bullish |
| EMA 50 | 357.8 | Bullish |
| SMA 100 | 364.3 | Bullish |
| EMA 100 | 356.2 | Bullish |
| SMA 200 | 351.2 | Bullish |
| EMA 200 | 344.7 | Bullish |
Oscillators (daily)
| RSI (14) | 75.76 | Bearish |
| MACD (12, 26) | 8.54 | Bullish |
| Momentum (12) | 9.10 | Bullish |
| Stochastic %K (14) | 84.24 | Bearish |
| Williams %R (14) | -15.76 | Bearish |
| CCI (20) | 234.1 | Bearish |
Pivot points (classic, last session)
S3 378.3 | S2 382.9 | S1 385.5 | Pivot 390.1 | R1 392.7 | R2 397.3 | R3 399.9 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.80 USD
Yield on today's price
0.72%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 20 Aug 2026 | 0.7300 |
| 22 May 2026 | 0.7300 |
| 26 Feb 2026 | 0.6700 |
| 20 Nov 2025 | 0.6700 |
| 21 Aug 2025 | 0.6700 |
| 23 May 2025 | 0.6700 |
| 27 Feb 2025 | 0.6300 |
| 21 Nov 2024 | 0.6300 |
| 16 Aug 2024 | 0.6300 |
| 23 May 2024 | 0.6300 |
| 21 Feb 2024 | 0.5200 |
| 21 Nov 2023 | 0.5200 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MAR SEC filings
24 Sep 2026
8-KSEC EDGAR
Entered a material agreement
13 Aug 2026
8-KSEC EDGAR
Other events
12 Aug 2026
424B5SEC EDGAR
424B5
11 Aug 2026
424B5SEC EDGAR
424B5
3 Aug 2026
10-QSEC EDGAR
Quarterly report
3 Aug 2026
8-KSEC EDGAR
Results of operations
13 May 2026
8-KSEC EDGAR
Shareholder vote results
6 May 2026
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.