Marriott International (MAR) Financials

$263.49 -0.12 (-0.05%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$264.21 +0.72 (+0.27%)

As of 05/30/2025 06:14 PM Eastern

Annual Income Statements for Marriott International

This table shows Marriott International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	2,452	3,143	2,358	1,099	-267	1,273	1,907	1,459	808	859
Consolidated Net Income / (Loss)	2,375	3,083	2,358	1,099	-267	1,273	1,907	1,459	808	859
Net Income / (Loss) Continuing Operations	2,452	3,143	2,358	1,099	-267	1,273	1,907	1,459	808	859
Total Pre-Tax Income	3,151	3,378	3,114	1,180	-466	1,599	2,345	2,982	1,239	1,255
Total Operating Income	3,767	3,864	3,462	1,750	84	1,800	2,366	2,504	1,424	1,350
Total Gross Profit	5,101	5,124	4,558	2,801	1,459	3,217	3,674	3,813	2,672	13,753
Total Revenue	25,100	23,713	20,773	13,857	10,571	20,972	20,758	20,452	15,407	14,486
Operating Revenue	25,100	23,713	20,773	13,857	10,571	20,972	20,758	20,452	15,407	14,486
Total Cost of Revenue	19,999	18,589	16,215	11,056	9,112	17,755	17,084	16,639	12,735	733
Operating Cost of Revenue	19,999	18,589	16,215	11,056	9,112	17,755	17,084	16,639	12,735	733
Total Operating Expenses	1,257	1,200	1,084	1,051	1,375	1,417	1,308	1,309	1,248	12,403
Selling, General & Admin Expense	1,074	1,011	891	823	762	938	927	921	743	634
Depreciation Expense	183	189	193	220	346	341	226	229	119	139
Total Other Income / (Expense), net	-616	-486	-348	-570	-550	-201	-21	478	-185	-95
Interest Expense	695	565	403	584	445	394	340	288	234	167
Interest & Investment Income	48	39	44	4.00	-114	39	125	78	44	45
Other Income / (Expense), net	31	40	11	10	9.00	154	194	688	5.00	27
Income Tax Expense	776	295	756	81	-199	326	438	1,523	431	396
Basic Earnings per Share	$8.36	$10.23	$7.27	$3.36	($0.82)	$3.83	$5.45	$3.89	$2.78	$3.22
Weighted Average Basic Shares Outstanding	275.70M	289.49M	308.12M	326.31M	324.41M	324.21M	339.67M	375.20M	290.90M	267.30M
Diluted Earnings per Share	$8.33	$10.18	$7.24	$3.34	($0.82)	$3.80	$5.38	$3.84	$2.73	$3.15
Weighted Average Diluted Shares Outstanding	275.70M	289.49M	308.12M	326.31M	324.41M	324.21M	339.67M	375.20M	290.90M	267.30M
Weighted Average Basic & Diluted Shares Outstanding	275.70M	289.49M	308.12M	326.31M	324.41M	324.21M	339.67M	375.20M	290.90M	267.30M
Cash Dividends to Common per Share	$2.41	$1.96	$1.00	-	$0.48	$1.85	$1.56	$1.29	-	-

This table shows Marriott International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	665	359	584	945	564	755	765	866	757	692	630
Consolidated Net Income / (Loss)	665	455	584	772	564	848	752	726	757	673	630
Net Income / (Loss) Continuing Operations	665	359	584	945	564	755	765	866	757	692	630
Total Pre-Tax Income	764	598	786	1,040	727	581	989	964	844	891	869
Total Operating Income	948	752	944	1,195	876	718	1,099	1,096	951	996	958
Total Gross Profit	1,245	1,139	1,274	1,498	1,190	1,107	1,397	1,422	1,198	1,279	1,226
Total Revenue	6,263	6,429	6,255	6,439	5,977	6,095	5,928	6,075	5,615	5,923	5,313
Operating Revenue	6,263	6,429	6,255	6,439	5,977	6,095	5,928	6,075	5,615	5,923	5,313
Total Cost of Revenue	5,018	5,290	4,981	4,941	4,787	4,988	4,531	4,653	4,417	4,644	4,087
Operating Cost of Revenue	5,018	5,290	4,981	4,941	4,787	4,988	4,531	4,653	4,417	4,644	4,087
Total Operating Expenses	296	319	321	303	314	342	285	326	247	252	268
Selling, General & Admin Expense	245	289	276	248	261	330	239	240	202	236	216
Depreciation Expense	51	46	45	47	45	51	46	48	44	46	50
Total Other Income / (Expense), net	-184	-327	-158	18	-149	-277	-110	8.00	-107	-105	-89
Interest Expense	192	-	179	-	163	-	146	-	126	115	100
Interest & Investment Income	10	10	14	14	10	9.00	8.00	6.00	16	8.00	8.00
Other Income / (Expense), net	-2.00	16	7.00	4.00	4.00	7.00	28	2.00	3.00	2.00	3.00
Income Tax Expense	99	143	202	268	163	-267	237	238	87	218	239
Basic Earnings per Share	$2.40	$1.64	$2.08	$2.70	$1.94	$2.88	$2.52	$2.39	$2.44	$2.12	$1.94
Weighted Average Basic Shares Outstanding	273.90M	275.70M	277.89M	281.52M	285.62M	289.49M	293.69M	298.24M	303.35M	308.12M	316.54M
Diluted Earnings per Share	$2.39	$1.64	$2.07	$2.69	$1.93	$2.86	$2.51	$2.38	$2.43	$2.10	$1.94
Weighted Average Diluted Shares Outstanding	273.90M	275.70M	277.89M	281.52M	285.62M	289.49M	293.69M	298.24M	303.35M	308.12M	316.54M
Weighted Average Basic & Diluted Shares Outstanding	273.90M	275.70M	277.89M	281.52M	285.62M	289.49M	293.69M	298.24M	303.35M	308.12M	316.54M
Cash Dividends to Common per Share	$0.63	$0.63	$0.63	$0.63	$0.52	$0.52	$0.52	$0.52	$0.40	-	$0.30

This table details how cash moves in and out of Marriott International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	59	-159	-896	527	641	-107	-69	-458	770	-8.00
Net Cash From Operating Activities	2,749	3,170	2,363	1,177	1,639	1,685	2,357	2,227	1,619	1,515
Net Cash From Continuing Operating Activities	2,749	3,170	2,363	1,187	1,639	1,685	2,357	2,227	1,619	1,515
Net Income / (Loss) Continuing Operations	2,375	3,083	2,358	1,099	-267	1,273	1,907	1,459	808	859
Consolidated Net Income / (Loss)	2,375	3,083	2,358	1,099	-267	1,273	1,907	1,459	808	859
Depreciation Expense	492	436	400	295	478	403	284	279	159	139
Non-Cash Adjustments To Reconcile Net Income	-636	-211	-346	-63	288	-285	59	340	564	190
Changes in Operating Assets and Liabilities, net	518	-138	-49	-144	1,140	294	107	149	88	327
Net Cash From Investing Activities	-734	-465	-297	-187	35	-284	-52	1,211	-2,346	367
Net Cash From Continuing Investing Activities	-734	-465	-297	-187	35	-284	-52	1,211	-2,346	367
Purchase of Property, Plant & Equipment	-750	-452	-332	-183	-135	-653	-556	-240	-199	-305
Acquisitions	-26	-101	0.00	-	-	-	-	-	-2,392	-258
Sale of Property, Plant & Equipment	52	132	15	52	268	446	527	1,605	278	765
Other Investing Activities, net	-10	-44	20	-56	-98	-77	-23	-154	-33	44
Net Cash From Financing Activities	-1,956	-2,864	-2,962	-463	-1,033	-1,508	-2,374	-3,896	1,497	-1,890
Net Cash From Continuing Financing Activities	-1,956	-2,864	-2,962	-463	-1,033	-1,508	-2,374	-3,896	1,497	-1,890
Repayment of Debt	-395	-163	-969	-2,318	-1,895	-843	-526	-310	-350	-465
Repurchase of Common Equity	-3,762	-3,953	-2,566	0.00	-150	-2,260	-2,850	-3,013	-568	-1,917
Payment of Dividends	-682	-587	-321	0.00	-156	-612	-543	-482	-374	-253
Issuance of Debt	2,948	1,918	983	1,943	1,271	2,348	1,646	60	2,855	790
Issuance of Common Equity	73	29	0.00	2.00	0.00	7.00	4.00	6.00	34	40
Other Financing Activities, net	-138	-108	-89	-90	-103	-148	-105	-157	-100	-85

This table details how cash moves in and out of Marriott International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	121	9.00	46	-78	82	-377	164	8.00	46	-543	501
Net Cash From Operating Activities	647	318	880	772	779	751	881	651	887	441	874
Net Cash From Continuing Operating Activities	647	318	880	772	779	751	881	651	887	424	884
Net Income / (Loss) Continuing Operations	665	455	584	772	564	848	752	726	757	673	630
Consolidated Net Income / (Loss)	665	455	584	772	564	848	752	726	757	673	630
Depreciation Expense	136	279	71	74	68	232	69	70	65	188	72
Non-Cash Adjustments To Reconcile Net Income	-214	-684	1.00	19	28	-127	-24	-58	-2.00	-369	126
Changes in Operating Assets and Liabilities, net	60	268	224	-93	119	-202	84	-87	67	-68	56
Net Cash From Investing Activities	-143	-345	-164	-130	-95	-102	-120	-184	-59	-160	-46
Net Cash From Continuing Investing Activities	-143	-345	-164	-130	-95	-102	-120	-184	-59	-160	-46
Purchase of Property, Plant & Equipment	-135	-342	-174	-125	-109	-134	-124	-99	-95	-140	-73
Sale of Property, Plant & Equipment	5.00	38	5.00	-	9.00	36	63	2.00	31	3.00	3.00
Other Investing Activities, net	-13	-15	5.00	-5.00	5.00	-5.00	-59	15	5.00	-23	24
Net Cash From Financing Activities	-383	36	-670	-720	-602	-1,026	-597	-459	-782	-824	-327
Net Cash From Continuing Financing Activities	-383	36	-670	-720	-602	-1,026	-597	-459	-782	-824	-327
Repayment of Debt	-1,354	809	-992	475	-687	94	-639	616	-234	-416	23
Repurchase of Common Equity	-751	-586	-1,020	-1,012	-1,144	-965	-942	-911	-1,135	-1,331	-935
Payment of Dividends	-174	-176	-176	-179	-151	-152	-154	-157	-124	-126	-97
Issuance of Debt	1,960	-	1,480	-	1,468	-	1,135	-	783	1,050	683
Issuance of Common Equity	45	-	40	-	33	-	29	-	0.00	-	-
Other Financing Activities, net	-109	-11	-2.00	-4.00	-121	-3.00	-26	-7.00	-72	-1.00	-1.00

This table presents Marriott International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	26,182	25,674	24,815	25,553	24,701	25,051	23,696	23,846	24,140	6,082
Total Current Assets	3,485	3,311	3,313	3,626	2,825	3,127	2,706	2,740	3,371	1,384
Cash & Equivalents	396	338	507	1,393	877	225	316	383	858	96
Note & Lease Receivable	2,795	2,712	2,571	1,982	1,768	2,395	2,133	1,973	1,695	1,103
Prepaid Expenses	294	261	235	251	180	252	249	235	230	77
Plant, Property, & Equipment, net	1,833	1,581	1,585	1,503	1,514	1,904	1,956	1,793	2,335	1,029
Total Noncurrent Assets	20,864	20,782	19,917	20,424	20,362	20,020	19,034	19,313	18,434	3,669
Long-Term Investments	298	308	335	387	422	577	732	734	728	165
Noncurrent Note & Lease Receivables	136	138	152	144	159	117	125	142	245	215
Goodwill	8,731	8,886	8,872	9,073	9,175	9,048	9,039	9,207	7,598	943
Intangible Assets	9,488	9,190	8,747	8,926	8,989	8,641	-	8,544	9,270	1,451
Noncurrent Deferred & Refundable Income Taxes	650	673	240	228	249	154	171	93	116	672
Other Noncurrent Operating Assets	1,561	1,587	1,571	1,666	1,368	1,483	8,967	593	477	223
Total Liabilities & Shareholders' Equity	26,182	25,674	24,815	25,553	24,701	25,051	23,696	23,846	24,140	6,082
Total Liabilities	29,174	26,356	24,247	24,139	24,271	24,348	21,471	20,264	18,783	9,672
Total Current Liabilities	8,649	7,762	7,339	6,407	5,752	6,677	6,437	5,807	5,147	3,233
Short-Term Debt	1,309	553	684	805	1,173	977	833	398	309	300
Accounts Payable	763	738	746	726	527	720	767	783	687	593
Current Deferred Revenue	3,487	3,328	3,314	-	1,769	2,258	2,529	-	-	-
Current Employee Benefit Liabilities	1,449	1,390	1,299	1,187	831	1,339	1,345	1,214	1,174	861
Other Current Liabilities	1,641	1,753	1,296	3,689	1,452	1,383	963	3,412	1,111	527
Total Noncurrent Liabilities	20,525	18,594	16,908	17,732	18,519	17,671	15,034	14,457	13,636	6,439
Long-Term Debt	13,138	11,320	9,380	9,333	9,203	9,963	8,514	7,840	8,197	3,807
Noncurrent Deferred Revenue	5,135	4,696	4,339	-	6,044	4,300	3,663	-	2,675	1,622
Noncurrent Deferred & Payable Income Tax Liabilities	81	209	313	169	83	290	485	605	1,020	16
Other Noncurrent Operating Liabilities	2,171	2,369	2,876	8,230	3,189	3,118	2,372	6,012	1,744	994
Total Equity & Noncontrolling Interests	-2,992	-682	568	1,414	430	703	2,225	3,582	5,357	-3,590
Total Preferred & Common Equity	-2,992	-682	568	1,414	430	703	2,225	3,582	5,357	-3,590
Total Common Equity	-2,992	-682	568	1,414	430	703	2,225	3,582	5,357	-3,590
Common Stock	6,184	6,056	5,970	5,897	5,856	5,805	5,819	5,775	5,813	2,826
Retained Earnings	16,531	14,838	12,342	10,305	9,206	9,644	8,982	7,242	6,501	4,878
Accumulated Other Comprehensive Income / (Loss)	-1,063	-647	-729	-342	-135	-361	-391	-17	-497	-196
Other Equity Adjustments	-24,644	-20,929	-17,015	-14,446	-	-	-	-	-	-

This table presents Marriott International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	26,651	26,182	26,209	25,740	25,756	25,674	25,267	25,087	24,863	24,815	24,763
Total Current Assets	3,746	3,485	3,573	3,500	3,450	3,311	3,682	3,444	3,264	3,313	3,684
Cash & Equivalents	523	396	394	349	429	338	717	563	554	507	1,045
Note & Lease Receivable	2,899	2,795	2,920	2,847	2,747	2,712	2,703	2,565	2,462	2,571	2,378
Prepaid Expenses	324	294	259	304	274	261	262	316	248	235	261
Plant, Property, & Equipment, net	1,856	1,833	1,624	1,558	1,570	1,581	1,572	1,560	1,595	1,585	1,509
Total Noncurrent Assets	21,049	20,864	21,012	20,682	20,736	20,782	20,013	20,083	20,004	19,917	19,570
Long-Term Investments	300	298	307	304	302	308	311	311	334	335	332
Noncurrent Note & Lease Receivables	145	136	144	146	136	138	159	140	126	152	132
Goodwill	8,775	8,731	8,890	8,783	8,815	8,886	8,795	8,850	8,904	8,872	8,765
Intangible Assets	9,620	9,488	9,497	9,263	9,252	9,190	8,993	8,995	8,832	8,747	8,607
Noncurrent Deferred & Refundable Income Taxes	627	650	629	644	673	673	240	240	240	240	228
Other Noncurrent Operating Assets	1,582	1,561	1,545	1,542	1,558	1,587	1,515	1,547	1,568	1,571	1,506
Total Liabilities & Shareholders' Equity	26,651	26,182	26,209	25,740	25,756	25,674	25,267	25,087	24,863	24,815	24,763
Total Liabilities	29,819	29,174	28,630	27,831	27,372	26,356	25,928	25,311	24,723	24,247	23,700
Total Current Liabilities	8,284	8,649	8,518	8,283	8,170	7,762	7,677	7,520	6,969	7,339	7,112
Short-Term Debt	959	1,309	960	960	910	553	898	894	358	684	558
Accounts Payable	812	763	807	826	793	738	696	670	722	746	746
Current Deferred Revenue	3,523	3,487	3,402	3,383	3,331	3,328	3,367	3,372	3,381	3,314	3,094
Current Employee Benefit Liabilities	1,156	1,449	1,288	1,136	1,079	1,390	1,229	1,092	1,027	1,299	1,260
Other Current Liabilities	1,834	1,641	2,061	1,978	2,057	1,753	1,487	1,492	1,481	1,296	1,454
Total Noncurrent Liabilities	21,535	20,525	20,112	19,548	19,202	18,594	18,251	17,791	17,754	16,908	16,588
Long-Term Debt	14,103	13,138	12,671	12,183	11,748	11,320	10,870	10,403	10,299	9,380	8,860
Noncurrent Deferred Revenue	5,323	5,135	5,033	4,994	4,906	4,696	4,434	4,452	4,413	4,339	4,637
Noncurrent Deferred & Payable Income Tax Liabilities	65	81	185	219	194	209	359	285	307	313	273
Other Noncurrent Operating Liabilities	2,044	2,171	2,223	2,152	2,354	2,369	2,588	2,651	2,735	2,876	2,818
Total Equity & Noncontrolling Interests	-3,168	-2,992	-2,421	-2,091	-1,616	-682	-661	-224	140	568	1,063
Total Preferred & Common Equity	-3,168	-2,992	-2,421	-2,091	-1,616	-682	-661	-224	140	568	1,063
Total Common Equity	-3,168	-2,992	-2,421	-2,091	-1,616	-682	-661	-224	140	568	1,063
Common Stock	6,140	6,184	6,130	6,035	5,983	6,056	6,001	5,957	5,911	5,970	5,924
Retained Earnings	17,022	16,531	16,251	15,844	15,251	14,838	14,142	13,544	12,975	12,342	11,795
Accumulated Other Comprehensive Income / (Loss)	-962	-1,063	-714	-905	-794	-647	-849	-716	-647	-729	-990
Other Equity Adjustments	-25,368	-24,644	-24,088	-23,065	-22,056	-20,929	-19,955	-19,009	-18,099	-17,015	-

This table displays calculated financial ratios and metrics derived from Marriott International's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.85%	14.15%	49.91%	31.09%	-49.59%	1.03%	1.50%	32.74%	6.36%	5.00%
EBITDA Growth	-1.15%	12.06%	88.47%	259.89%	-87.89%	131.51%	-18.06%	118.58%	4.75%	15.29%
EBIT Growth	-2.72%	12.41%	97.33%	1,792.47%	-97.62%	105.31%	-19.80%	123.37%	3.78%	17.99%
NOPAT Growth	-19.49%	34.52%	60.84%	2,671.89%	-97.95%	48.96%	57.05%	31.93%	0.50%	15.20%
Net Income Growth	-22.96%	30.75%	114.56%	511.61%	-120.97%	-66.49%	30.71%	80.57%	-5.94%	14.08%
EPS Growth	-18.17%	40.61%	116.77%	507.32%	-121.58%	-58.74%	40.10%	40.66%	-13.33%	24.02%
Operating Cash Flow Growth	-13.28%	34.15%	100.76%	-28.19%	-2.73%	-57.02%	5.84%	37.55%	6.86%	23.77%
Free Cash Flow Firm Growth	-5.35%	6.45%	90.75%	-88.36%	175.25%	-994.05%	-16.87%	122.30%	-702.63%	111.03%
Invested Capital Growth	2.05%	7.71%	0.18%	2.79%	-55.10%	1.33%	-0.36%	-9.71%	6,466.85%	-82.38%
Revenue Q/Q Growth	1.35%	0.73%	7.65%	19.63%	-23.23%	0.79%	0.24%	7.63%	0.55%	1.03%
EBITDA Q/Q Growth	2.14%	-5.01%	13.95%	54.51%	-52.10%	219.02%	-18.58%	20.44%	15.41%	1.47%
EBIT Q/Q Growth	1.15%	-6.54%	11.53%	76.18%	-85.17%	197.36%	-20.40%	22.30%	14.60%	1.62%
NOPAT Q/Q Growth	-13.88%	7.98%	8.80%	12.45%	-88.04%	163.16%	44.67%	-29.85%	10.37%	1.86%
Net Income Q/Q Growth	-14.20%	6.02%	9.52%	135.33%	-251.70%	-5.80%	11.91%	-9.77%	9.49%	0.59%
EPS Q/Q Growth	-12.77%	8.07%	10.37%	135.21%	-251.85%	-3.11%	12.55%	-8.13%	-3.87%	2.94%
Operating Cash Flow Q/Q Growth	-13.61%	10.84%	0.38%	54.66%	-22.62%	-4.41%	2.48%	2.91%	-1.34%	11.89%
Free Cash Flow Firm Q/Q Growth	-8.50%	20.98%	-10.36%	40.35%	450.26%	-2,436.27%	-18.58%	13.77%	2.34%	-7.68%
Invested Capital Q/Q Growth	2.40%	4.62%	7.54%	1.80%	4.22%	193.50%	-0.57%	-9.45%	-2.46%	-42.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.32%	21.61%	21.94%	20.21%	13.80%	30.68%	17.70%	18.64%	17.34%	94.94%
EBITDA Margin	17.09%	18.30%	18.64%	14.83%	5.40%	22.48%	13.70%	16.97%	10.31%	10.47%
Operating Margin	15.01%	16.29%	16.67%	12.63%	0.79%	17.17%	11.40%	12.24%	9.24%	9.32%
EBIT Margin	15.13%	16.46%	16.72%	12.70%	0.88%	18.63%	12.33%	15.61%	9.28%	9.51%
Profit (Net Income) Margin	9.46%	13.00%	11.35%	7.93%	-2.53%	12.14%	9.19%	7.13%	5.24%	5.93%
Tax Burden Percent	75.37%	91.27%	75.72%	93.14%	57.30%	159.22%	81.32%	48.93%	65.21%	68.45%
Interest Burden Percent	82.96%	86.53%	89.66%	67.05%	-501.08%	163.66%	91.60%	93.42%	86.70%	91.14%
Effective Tax Rate	24.63%	8.73%	24.28%	6.86%	0.00%	40.78%	18.68%	51.07%	34.79%	31.55%
Return on Invested Capital (ROIC)	26.65%	34.68%	26.80%	16.91%	0.38%	13.58%	18.26%	11.02%	15.65%	155.56%
ROIC Less NNEP Spread (ROIC-NNEP)	22.94%	30.35%	23.80%	10.82%	-1.88%	23.64%	18.04%	14.53%	13.26%	153.70%
Return on Net Nonoperating Assets (RNNOA)	-155.94%	-5,443.46%	211.14%	102.29%	-47.75%	146.74%	47.42%	21.63%	75.80%	-185.23%
Return on Equity (ROE)	-129.29%	-5,408.77%	237.94%	119.20%	-47.37%	173.91%	65.68%	32.64%	91.45%	-29.67%
Cash Return on Invested Capital (CROIC)	24.63%	27.26%	26.62%	14.16%	76.43%	-147.66%	18.62%	21.22%	-178.35%	295.63%
Operating Return on Assets (OROA)	14.65%	15.46%	13.79%	7.00%	0.37%	16.03%	10.77%	13.30%	9.46%	21.32%
Return on Assets (ROA)	9.16%	12.21%	9.36%	4.37%	-1.07%	10.45%	8.02%	6.08%	5.35%	13.30%
Return on Common Equity (ROCE)	-129.29%	-5,408.77%	237.94%	119.20%	-47.37%	173.91%	65.68%	32.64%	91.45%	-29.67%
Return on Equity Simple (ROE_SIMPLE)	-79.38%	-452.05%	415.14%	77.72%	-62.09%	362.16%	85.71%	81.46%	15.08%	-23.93%
Net Operating Profit after Tax (NOPAT)	2,839	3,527	2,622	1,630	59	2,866	1,924	1,225	929	924
NOPAT Margin	11.31%	14.87%	12.62%	11.76%	0.56%	13.67%	9.27%	5.99%	6.03%	6.38%
Net Nonoperating Expense Percent (NNEP)	3.72%	4.34%	3.00%	6.09%	2.26%	3.52%	0.22%	-3.52%	2.39%	1.86%
Return On Investment Capital (ROIC_SIMPLE)	24.79%	31.51%	24.66%	14.11%	0.54%	12.31%	16.63%	10.36%	6.70%	178.73%
Cost of Revenue to Revenue	79.68%	78.39%	78.06%	79.79%	86.20%	169.32%	82.30%	81.36%	82.66%	5.06%
SG&A Expenses to Revenue	4.28%	4.26%	4.29%	5.94%	7.21%	8.95%	4.47%	4.50%	4.82%	4.38%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	5.01%	5.06%	5.22%	7.58%	13.01%	13.51%	6.30%	6.40%	8.10%	85.62%
Earnings before Interest and Taxes (EBIT)	3,798	3,904	3,473	1,760	93	3,908	2,560	3,192	1,429	1,377
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4,290	4,340	3,873	2,055	571	4,714	2,844	3,471	1,588	1,516
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	81.12	36.98	96.68	138.17	15.88	13.02	5.61	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.08	2.76	2.22	3.77	3.93	4.63	1.70	2.28	1.95	1.09
Price to Earnings (P/E)	31.54	20.82	19.54	47.58	0.00	76.30	18.53	31.97	37.20	18.38
Dividend Yield	0.87%	0.88%	0.69%	0.00%	1.50%	2.52%	1.51%	1.01%	1.49%	1.55%
Earnings Yield	3.17%	4.80%	5.12%	2.10%	0.00%	5.31%	5.40%	3.13%	2.69%	5.44%
Enterprise Value to Invested Capital (EV/IC)	8.47	7.27	5.65	6.21	5.33	11.21	4.15	5.09	3.16	110.29
Enterprise Value to Revenue (EV/Rev)	3.63	3.23	2.66	4.38	4.79	5.60	2.10	2.63	2.40	1.36
Enterprise Value to EBITDA (EV/EBITDA)	21.23	17.66	14.28	29.51	88.70	49.81	15.34	15.49	23.28	12.95
Enterprise Value to EBIT (EV/EBIT)	23.99	19.64	15.92	34.46	544.62	60.09	17.04	16.84	25.87	14.26
Enterprise Value to NOPAT (EV/NOPAT)	32.08	21.74	21.09	37.21	861.39	82.84	22.68	43.89	39.81	21.25
Enterprise Value to Operating Cash Flow (EV/OCF)	33.14	24.18	23.40	51.53	30.90	34.45	18.51	24.14	22.84	12.96
Enterprise Value to Free Cash Flow (EV/FCFF)	34.73	27.66	21.24	44.43	4.32	0.00	22.24	22.78	0.00	11.18
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-4.83	-17.41	17.72	7.17	24.13	31.12	4.20	2.30	1.59	-1.14
Long-Term Debt to Equity	-4.39	-16.60	16.51	6.60	21.40	28.34	3.83	2.19	1.53	-1.06
Financial Leverage	-6.80	-179.38	8.87	9.46	25.46	12.41	2.63	1.49	5.72	-1.21
Leverage Ratio	-14.11	-442.89	25.41	27.25	43.91	33.30	8.19	5.37	17.10	-2.23
Compound Leverage Factor	-11.71	-383.21	22.79	18.27	-220.03	27.25	7.50	5.02	14.83	-2.03
Debt to Total Capital	126.12%	106.09%	94.66%	87.76%	96.02%	187.92%	80.77%	69.70%	61.36%	794.39%
Short-Term Debt to Total Capital	11.43%	4.94%	6.43%	6.97%	10.86%	16.78%	7.20%	3.37%	2.23%	58.03%
Long-Term Debt to Total Capital	114.69%	101.15%	88.22%	80.79%	85.17%	171.14%	73.57%	66.33%	59.13%	736.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-26.12%	-6.09%	5.34%	12.24%	3.98%	12.08%	19.23%	30.30%	38.64%	-694.39%
Debt to EBITDA	3.37	2.74	2.60	4.93	18.17	9.28	3.29	2.37	5.36	2.71
Net Debt to EBITDA	3.21	2.59	2.38	4.07	15.90	8.60	2.92	2.05	4.36	2.54
Long-Term Debt to EBITDA	3.06	2.61	2.42	4.54	16.12	8.45	2.99	2.26	5.16	2.51
Debt to NOPAT	5.09	3.37	3.84	6.22	176.46	15.27	4.86	6.72	9.16	4.44
Net Debt to NOPAT	4.84	3.18	3.52	5.13	154.37	14.15	4.31	5.81	7.45	4.16
Long-Term Debt to NOPAT	4.63	3.21	3.58	5.73	156.51	13.90	4.43	6.40	8.83	4.12
Altman Z-Score	3.68	3.52	2.94	2.50	1.85	5.35	2.56	2.95	2.08	4.87
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.40	0.43	0.45	0.57	0.49	0.94	0.42	0.47	0.65	0.43
Quick Ratio	0.37	0.39	0.42	0.53	0.46	0.78	0.38	0.41	0.50	0.37
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,623	2,772	2,604	1,365	11,724	-15,580	1,962	2,360	-10,582	1,756
Operating Cash Flow to CapEx	393.84%	990.63%	745.43%	898.47%	0.00%	1,628.02%	8,127.59%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	3.77	4.91	6.46	2.34	26.35	-39.54	5.77	8.19	-45.22	10.52
Operating Cash Flow to Interest Expense	3.96	5.61	5.86	2.02	3.68	8.55	6.93	7.73	6.92	9.07
Operating Cash Flow Less CapEx to Interest Expense	2.95	5.04	5.08	1.79	3.98	7.50	6.85	12.47	7.26	11.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.97	0.94	0.82	0.55	0.42	1.72	0.87	0.85	1.02	2.24
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.70	14.98	13.45	9.19	6.19	21.73	11.07	9.91	9.16	11.64
Accounts Payable Turnover	26.65	25.05	22.03	17.65	14.61	47.76	22.04	22.64	19.90	1.22
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	13.70	14.57	16.57	20.68	24.98	30.57	16.56	16.12	18.34	298.27
Cash Conversion Cycle (CCC)	-13.70	-14.57	-16.57	-20.68	-24.98	-30.57	-16.56	-16.12	-18.34	-298.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,761	10,545	9,790	9,772	9,507	21,172	10,516	10,554	11,689	178
Invested Capital Turnover	2.36	2.33	2.12	1.44	0.69	3.98	1.97	1.84	2.60	24.39
Increase / (Decrease) in Invested Capital	216	755	18	265	-11,665	21,312	-38	-1,135	11,511	-832
Enterprise Value (EV)	91,096	76,658	55,297	60,648	50,649	58,050	43,632	53,768	36,974	19,631
Market Capitalization	77,343	65,431	46,075	52,290	41,572	47,912	35,333	46,647	30,054	15,785
Book Value per Share	($10.77)	($2.32)	$1.79	$4.34	$1.33	$4.32	$6.52	$9.83	$13.72	($13.96)
Tangible Book Value per Share	($76.33)	($63.87)	($53.87)	($50.92)	($54.68)	($103.91)	($19.97)	($38.86)	($29.48)	($23.27)
Total Capital	11,455	11,191	10,632	11,552	10,806	23,286	11,572	11,820	13,863	517
Total Debt	14,447	11,873	10,064	10,138	10,376	21,880	9,347	8,238	8,506	4,107
Total Long-Term Debt	13,138	11,320	9,380	9,333	9,203	19,926	8,514	7,840	8,197	3,807
Net Debt	13,753	11,227	9,222	8,358	9,077	20,276	8,299	7,121	6,920	3,846
Capital Expenditures (CapEx)	698	320	317	131	-133	414	29	-1,365	-79	-460
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,251	-4,236	-3,849	-3,369	-2,631	-5,596	-3,214	-3,052	-2,325	-1,645
Debt-free Net Working Capital (DFNWC)	-3,855	-3,898	-3,342	-1,976	-1,754	-5,146	-2,898	-2,669	-1,467	-1,549
Net Working Capital (NWC)	-5,164	-4,451	-4,026	-2,781	-2,927	-7,100	-3,731	-3,067	-1,776	-1,849
Net Nonoperating Expense (NNE)	464	444	264	531	326	320	17	-234	121	65
Net Nonoperating Obligations (NNO)	13,753	11,227	9,222	8,358	9,077	19,766	8,291	6,972	6,332	3,768
Total Depreciation and Amortization (D&A)	492	436	400	295	478	806	284	279	159	139
Debt-free, Cash-free Net Working Capital to Revenue	-16.94%	-17.86%	-18.53%	-24.31%	-24.89%	-21.59%	-15.48%	-14.92%	-15.09%	-11.36%
Debt-free Net Working Capital to Revenue	-15.36%	-16.44%	-16.09%	-14.26%	-16.59%	-24.54%	-13.96%	-13.05%	-9.52%	-10.69%
Net Working Capital to Revenue	-20.57%	-18.77%	-19.38%	-20.07%	-27.69%	-33.85%	-17.97%	-15.00%	-11.53%	-12.76%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$8.36	$10.23	$7.27	$3.36	($0.82)	$7.66	$0.00	$3.66	$2.68	$3.22
Adjusted Weighted Average Basic Shares Outstanding	275.70M	289.49M	308.12M	326.31M	324.41M	324.21M	0.00	357.44M	383.56M	253.48M
Adjusted Diluted Earnings per Share	$8.33	$10.18	$7.24	$3.34	($0.82)	$7.60	$0.00	$3.61	$2.64	$3.15
Adjusted Weighted Average Diluted Shares Outstanding	275.70M	289.49M	308.12M	326.31M	324.41M	648.43M	0.00	357.44M	383.56M	253.48M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$3.83	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	275.70M	289.49M	308.12M	326.31M	324.41M	324.21M	0.00	357.44M	383.56M	253.48M
Normalized Net Operating Profit after Tax (NOPAT)	2,839	3,527	2,622	1,630	246	3,086	2,050	1,864	1,180	924
Normalized NOPAT Margin	11.31%	14.87%	12.62%	11.76%	2.32%	14.71%	9.88%	9.11%	7.66%	6.38%
Pre Tax Income Margin	12.55%	14.25%	14.99%	8.52%	-4.41%	15.25%	11.30%	14.58%	8.04%	8.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.46	6.91	8.62	3.01	0.21	9.92	7.53	11.08	6.11	8.25
NOPAT to Interest Expense	4.09	6.24	6.51	2.79	0.13	7.27	5.66	4.25	3.97	5.53
EBIT Less CapEx to Interest Expense	4.46	6.34	7.83	2.79	0.51	8.87	7.44	15.82	6.44	11.00
NOPAT Less CapEx to Interest Expense	3.08	5.68	5.72	2.57	0.43	6.22	5.57	8.99	4.31	8.29
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.72%	19.04%	13.61%	0.00%	-58.43%	96.15%	28.47%	33.04%	46.29%	29.45%
Augmented Payout Ratio	187.12%	147.26%	122.43%	0.00%	-114.61%	451.22%	177.92%	239.55%	116.58%	252.62%

This table displays calculated financial ratios and metrics derived from Marriott International's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.79%	5.48%	5.52%	5.99%	6.45%	2.90%	11.58%	13.81%	33.72%	33.22%	34.64%
EBITDA Growth	8.63%	9.40%	-14.55%	8.99%	-6.97%	-19.31%	15.78%	14.51%	60.73%	66.57%	63.97%
EBIT Growth	7.50%	5.93%	-15.62%	9.20%	-7.76%	-27.35%	17.27%	15.34%	69.75%	56.18%	76.33%
NOPAT Growth	21.42%	-45.40%	-16.07%	7.47%	-20.33%	39.30%	20.32%	12.52%	93.00%	38.73%	61.03%
Net Income Growth	17.91%	-46.34%	-22.34%	6.34%	-25.50%	26.00%	19.37%	7.08%	100.80%	43.80%	186.36%
EPS Growth	23.83%	-42.66%	-17.53%	13.03%	-20.58%	36.19%	29.38%	15.53%	113.16%	47.89%	189.55%
Operating Cash Flow Growth	-16.94%	-57.66%	-0.11%	18.59%	-12.18%	70.29%	0.80%	0.15%	122.86%	2.08%	41.20%
Free Cash Flow Firm Growth	-76.53%	21.58%	294.74%	147.67%	-64.50%	-60.10%	-111.72%	-72.14%	9,741.83%	164.81%	2,702.61%
Invested Capital Growth	7.37%	2.05%	4.27%	1.96%	4.06%	7.71%	10.71%	5.68%	0.72%	0.18%	-5.16%
Revenue Q/Q Growth	-2.58%	2.78%	-2.86%	7.73%	-1.94%	2.82%	-2.42%	8.19%	-5.20%	11.48%	-0.47%
EBITDA Q/Q Growth	3.34%	2.45%	-19.72%	34.28%	-0.94%	-19.98%	2.40%	14.62%	-14.08%	14.81%	1.27%
EBIT Q/Q Growth	23.18%	-19.24%	-20.68%	36.25%	21.38%	-35.67%	2.64%	15.09%	-4.41%	3.85%	0.95%
NOPAT Q/Q Growth	44.21%	-18.42%	-20.93%	30.53%	-35.15%	25.41%	1.24%	-3.23%	13.38%	8.32%	-5.33%
Net Income Q/Q Growth	46.15%	-22.09%	-24.35%	36.88%	-33.49%	12.77%	3.58%	-4.10%	12.48%	6.83%	-7.08%
EPS Q/Q Growth	45.73%	-20.77%	-23.05%	39.38%	-32.52%	13.94%	5.46%	-2.06%	15.71%	8.25%	-5.83%
Operating Cash Flow Q/Q Growth	103.46%	-63.86%	13.99%	-0.90%	3.73%	-14.76%	35.33%	-26.61%	101.13%	-49.54%	34.46%
Free Cash Flow Firm Q/Q Growth	-81.71%	31.24%	-60.50%	147.51%	-5.25%	310.22%	-150.24%	-64.52%	6.49%	-38.27%	19.48%
Invested Capital Q/Q Growth	2.88%	2.40%	1.06%	0.85%	-2.22%	4.62%	-1.18%	2.93%	1.22%	7.54%	-5.67%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.88%	17.72%	20.37%	23.26%	19.91%	18.16%	23.57%	23.41%	21.34%	21.59%	23.08%
EBITDA Margin	17.28%	16.29%	16.34%	19.77%	15.86%	15.70%	20.18%	19.23%	18.15%	20.02%	19.44%
Operating Margin	15.14%	11.70%	15.09%	18.56%	14.66%	11.78%	18.54%	18.04%	16.94%	16.82%	18.03%
EBIT Margin	15.10%	11.95%	15.20%	18.62%	14.72%	11.90%	19.01%	18.07%	16.99%	16.85%	18.09%
Profit (Net Income) Margin	10.62%	7.08%	9.34%	11.99%	9.44%	13.91%	12.69%	11.95%	13.48%	11.36%	11.86%
Tax Burden Percent	87.04%	76.09%	74.30%	74.23%	77.58%	145.96%	76.04%	75.31%	89.69%	75.53%	72.50%
Interest Burden Percent	80.76%	77.86%	82.65%	86.74%	82.61%	80.14%	87.76%	87.80%	88.47%	89.28%	90.43%
Effective Tax Rate	12.96%	23.91%	25.70%	25.77%	22.42%	-45.96%	23.96%	24.69%	10.31%	24.47%	27.50%
Return on Invested Capital (ROIC)	31.28%	20.97%	26.98%	32.69%	27.08%	40.10%	34.60%	31.39%	34.14%	26.98%	26.97%
ROIC Less NNEP Spread (ROIC-NNEP)	30.06%	20.03%	25.99%	31.69%	26.01%	38.14%	33.71%	30.30%	33.06%	26.07%	26.20%
Return on Net Nonoperating Assets (RNNOA)	-164.41%	-136.20%	-199.57%	-313.62%	-382.33%	-6,842.19%	1,574.76%	358.22%	308.41%	231.27%	221.17%
Return on Equity (ROE)	-133.13%	-115.23%	-172.60%	-280.93%	-355.25%	-6,802.09%	1,609.36%	389.61%	342.55%	258.24%	248.15%
Cash Return on Invested Capital (CROIC)	20.78%	24.63%	27.85%	31.27%	29.24%	27.26%	23.89%	25.96%	29.98%	26.62%	31.06%
Operating Return on Assets (OROA)	14.63%	11.56%	14.63%	17.91%	14.01%	11.17%	17.89%	16.67%	15.05%	13.90%	14.17%
Return on Assets (ROA)	10.29%	6.85%	8.98%	11.53%	8.98%	13.07%	11.94%	11.02%	11.94%	9.37%	9.29%
Return on Common Equity (ROCE)	-133.13%	-115.23%	-172.60%	-280.93%	-355.25%	-6,802.09%	1,609.36%	389.61%	342.55%	258.24%	248.15%
Return on Equity Simple (ROE_SIMPLE)	-78.16%	0.00%	-114.33%	-140.41%	-178.84%	0.00%	-439.94%	-1,243.75%	1,955.71%	0.00%	202.54%
Net Operating Profit after Tax (NOPAT)	825	572	701	887	680	1,048	836	825	853	752	695
NOPAT Margin	13.18%	8.90%	11.21%	13.78%	11.37%	17.19%	14.10%	13.59%	15.19%	12.70%	13.07%
Net Nonoperating Expense Percent (NNEP)	1.22%	0.94%	0.99%	1.00%	1.07%	1.96%	0.89%	1.09%	1.08%	0.90%	0.77%
Return On Investment Capital (ROIC_SIMPLE)	6.94%	5.00%	6.26%	8.03%	6.15%	9.36%	7.52%	7.45%	7.90%	7.08%	6.63%
Cost of Revenue to Revenue	80.12%	82.28%	79.63%	76.74%	80.09%	81.84%	76.43%	76.59%	78.66%	78.41%	76.92%
SG&A Expenses to Revenue	3.91%	4.50%	4.41%	3.85%	4.37%	5.41%	4.03%	3.95%	3.60%	3.98%	4.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	4.73%	4.96%	5.13%	4.71%	5.25%	5.61%	4.81%	5.37%	4.40%	4.25%	5.04%
Earnings before Interest and Taxes (EBIT)	946	768	951	1,199	880	725	1,127	1,098	954	998	961
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,082	1,047	1,022	1,273	948	957	1,196	1,168	1,019	1,186	1,033
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	358.09	81.12	41.73
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.59	3.08	2.81	2.81	3.05	2.76	2.45	2.39	2.26	2.22	2.30
Price to Earnings (P/E)	25.72	31.54	24.46	22.63	24.87	20.82	18.76	18.60	18.31	19.54	20.78
Dividend Yield	1.06%	0.87%	0.93%	0.91%	0.83%	0.88%	0.95%	0.90%	0.86%	0.69%	0.44%
Earnings Yield	3.89%	3.17%	4.09%	4.42%	4.02%	4.80%	5.33%	5.38%	5.46%	5.12%	4.81%
Enterprise Value to Invested Capital (EV/IC)	7.22	8.47	7.86	7.79	8.27	7.27	6.80	6.39	6.05	5.65	5.76
Enterprise Value to Revenue (EV/Rev)	3.15	3.63	3.34	3.32	3.54	3.23	2.91	2.84	2.70	2.66	2.72
Enterprise Value to EBITDA (EV/EBITDA)	18.26	21.23	19.67	18.53	19.98	17.66	14.99	14.80	14.07	14.28	15.41
Enterprise Value to EBIT (EV/EBIT)	20.68	23.99	22.00	20.62	22.27	19.64	16.40	16.25	15.50	15.92	16.83
Enterprise Value to NOPAT (EV/NOPAT)	26.80	32.08	25.05	23.69	25.40	21.74	20.98	20.87	19.76	21.09	21.75
Enterprise Value to Operating Cash Flow (EV/OCF)	30.53	33.14	25.96	25.46	27.85	24.18	23.95	22.85	21.00	23.40	22.26
Enterprise Value to Free Cash Flow (EV/FCFF)	35.97	34.73	28.81	25.16	28.85	27.66	29.90	25.31	20.24	21.24	18.04
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-4.75	-4.83	-5.63	-6.29	-7.83	-17.41	-17.80	-50.43	76.12	17.72	8.86
Long-Term Debt to Equity	-4.45	-4.39	-5.23	-5.83	-7.27	-16.60	-16.44	-46.44	73.56	16.51	8.33
Financial Leverage	-5.47	-6.80	-7.68	-9.90	-14.70	-179.38	46.72	11.82	9.33	8.87	8.44
Leverage Ratio	-10.95	-14.11	-16.70	-21.96	-34.29	-442.89	124.45	32.11	26.20	25.41	24.87
Compound Leverage Factor	-8.85	-10.99	-13.80	-19.04	-28.33	-354.92	109.21	28.19	23.18	22.69	22.49
Debt to Total Capital	126.64%	126.12%	121.60%	118.92%	114.64%	106.09%	105.95%	102.02%	98.70%	94.66%	89.86%
Short-Term Debt to Total Capital	8.06%	11.43%	8.56%	8.69%	8.24%	4.94%	8.09%	8.07%	3.32%	6.43%	5.32%
Long-Term Debt to Total Capital	118.57%	114.69%	113.03%	110.23%	106.39%	101.15%	97.87%	93.95%	95.39%	88.22%	84.53%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-26.64%	-26.12%	-21.60%	-18.92%	-14.64%	-6.09%	-5.95%	-2.02%	1.30%	5.34%	10.14%
Debt to EBITDA	3.44	3.37	3.25	3.00	2.97	2.74	2.58	2.56	2.50	2.60	2.77
Net Debt to EBITDA	3.25	3.21	3.08	2.86	2.79	2.59	2.35	2.37	2.29	2.38	2.37
Long-Term Debt to EBITDA	3.22	3.06	3.02	2.79	2.75	2.61	2.38	2.36	2.42	2.42	2.61
Debt to NOPAT	5.05	5.09	4.13	3.84	3.77	3.37	3.60	3.62	3.52	3.84	3.91
Net Debt to NOPAT	4.78	4.84	3.92	3.65	3.55	3.18	3.29	3.34	3.22	3.52	3.34
Long-Term Debt to NOPAT	4.73	4.63	3.84	3.56	3.50	3.21	3.33	3.33	3.40	3.58	3.68
Altman Z-Score	3.08	3.29	3.17	3.22	3.26	3.11	3.01	2.92	2.79	2.61	2.53
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.45	0.40	0.42	0.42	0.42	0.43	0.48	0.46	0.47	0.45	0.52
Quick Ratio	0.41	0.37	0.39	0.39	0.39	0.39	0.45	0.42	0.43	0.42	0.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	65	356	271	687	278	293	-139	277	782	734	1,190
Operating Cash Flow to CapEx	497.69%	104.61%	520.71%	617.60%	779.00%	766.33%	1,444.26%	671.13%	1,385.94%	321.90%	1,248.57%
Free Cash Flow to Firm to Interest Expense	0.34	0.00	1.52	0.00	1.70	0.00	-0.95	0.00	6.21	6.39	11.90
Operating Cash Flow to Interest Expense	3.37	0.00	4.92	0.00	4.78	0.00	6.03	0.00	7.04	3.83	8.74
Operating Cash Flow Less CapEx to Interest Expense	2.69	0.00	3.97	0.00	4.17	0.00	5.62	0.00	6.53	2.64	8.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.97	0.97	0.96	0.96	0.95	0.94	0.94	0.92	0.89	0.82	0.78
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.82	14.70	15.50	15.68	15.21	14.98	15.28	14.83	14.20	13.45	12.84
Accounts Payable Turnover	25.21	26.65	26.21	25.73	25.03	25.05	25.31	24.67	23.65	22.03	20.75
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	14.48	13.70	13.93	14.19	14.58	14.57	14.42	14.79	15.43	16.57	17.59
Cash Conversion Cycle (CCC)	-14.48	-13.70	-13.93	-14.19	-14.58	-14.57	-14.42	-14.79	-15.43	-16.57	-17.59
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,071	10,761	10,509	10,399	10,311	10,545	10,079	10,199	9,909	9,790	9,104
Invested Capital Turnover	2.37	2.36	2.41	2.37	2.38	2.33	2.45	2.31	2.25	2.12	2.06
Increase / (Decrease) in Invested Capital	760	216	430	200	402	755	975	548	71	18	-495
Enterprise Value (EV)	79,910	91,096	82,603	81,041	85,291	76,658	68,509	65,197	59,902	55,297	52,395
Market Capitalization	65,671	77,343	69,673	68,551	73,364	65,431	57,769	54,774	50,133	46,075	44,354
Book Value per Share	($11.49)	($10.77)	($8.60)	($7.32)	($5.66)	($2.32)	($2.22)	($0.74)	$0.45	$1.79	$3.28
Tangible Book Value per Share	($78.21)	($76.33)	($73.91)	($70.50)	($68.91)	($63.87)	($61.86)	($59.56)	($57.11)	($53.87)	($50.25)
Total Capital	11,894	11,455	11,210	11,052	11,042	11,191	11,107	11,073	10,797	10,632	10,481
Total Debt	15,062	14,447	13,631	13,143	12,658	11,873	11,768	11,297	10,657	10,064	9,418
Total Long-Term Debt	14,103	13,138	12,671	12,183	11,748	11,320	10,870	10,403	10,299	9,380	8,860
Net Debt	14,239	13,753	12,930	12,490	11,927	11,227	10,740	10,423	9,769	9,222	8,041
Capital Expenditures (CapEx)	130	304	169	125	100	98	61	97	64	137	70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-4,102	-4,251	-4,379	-4,172	-4,239	-4,236	-3,814	-3,745	-3,901	-3,849	-3,915
Debt-free Net Working Capital (DFNWC)	-3,579	-3,855	-3,985	-3,823	-3,810	-3,898	-3,097	-3,182	-3,347	-3,342	-2,870
Net Working Capital (NWC)	-4,538	-5,164	-4,945	-4,783	-4,720	-4,451	-3,995	-4,076	-3,705	-4,026	-3,428
Net Nonoperating Expense (NNE)	160	117	117	115	116	200	84	99	96	79	65
Net Nonoperating Obligations (NNO)	14,239	13,753	12,930	12,490	11,927	11,227	10,740	10,423	9,769	9,222	8,041
Total Depreciation and Amortization (D&A)	136	279	71	74	68	232	69	70	65	188	72
Debt-free, Cash-free Net Working Capital to Revenue	-16.16%	-16.94%	-17.68%	-17.07%	-17.61%	-17.86%	-16.20%	-16.34%	-17.58%	-18.53%	-20.29%
Debt-free Net Working Capital to Revenue	-14.10%	-15.36%	-16.09%	-15.64%	-15.83%	-16.44%	-13.16%	-13.88%	-15.08%	-16.09%	-14.87%
Net Working Capital to Revenue	-17.88%	-20.57%	-19.97%	-19.57%	-19.61%	-18.77%	-16.97%	-17.78%	-16.70%	-19.38%	-17.77%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.40	$1.64	$2.08	$2.70	$1.94	$2.88	$2.52	$2.39	$2.44	$2.12	$1.94
Adjusted Weighted Average Basic Shares Outstanding	273.90M	275.70M	277.89M	281.52M	285.62M	289.49M	293.69M	298.24M	303.35M	308.12M	316.54M
Adjusted Diluted Earnings per Share	$2.39	$1.64	$2.07	$2.69	$1.93	$2.86	$2.51	$2.38	$2.43	$2.10	$1.94
Adjusted Weighted Average Diluted Shares Outstanding	273.90M	275.70M	277.89M	281.52M	285.62M	289.49M	293.69M	298.24M	303.35M	308.12M	316.54M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	273.90M	275.70M	277.89M	281.52M	285.62M	289.49M	293.69M	298.24M	303.35M	308.12M	316.54M
Normalized Net Operating Profit after Tax (NOPAT)	825	572	701	887	680	503	836	825	853	752	695
Normalized NOPAT Margin	13.18%	8.90%	11.21%	13.78%	11.37%	8.25%	14.10%	13.59%	15.19%	12.70%	13.07%
Pre Tax Income Margin	12.20%	9.30%	12.57%	16.15%	12.16%	9.53%	16.68%	15.87%	15.03%	15.04%	16.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.93	0.00	5.31	0.00	5.40	0.00	7.72	0.00	7.57	8.68	9.61
NOPAT to Interest Expense	4.30	0.00	3.92	0.00	4.17	0.00	5.72	0.00	6.77	6.54	6.95
EBIT Less CapEx to Interest Expense	4.25	0.00	4.37	0.00	4.79	0.00	7.30	0.00	7.06	7.49	8.91
NOPAT Less CapEx to Interest Expense	3.62	0.00	2.97	0.00	3.56	0.00	5.31	0.00	6.26	5.35	6.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	28.47%	28.72%	23.77%	21.66%	21.25%	19.04%	19.29%	18.09%	16.25%	13.61%	9.06%
Augmented Payout Ratio	164.54%	187.12%	173.37%	160.05%	158.34%	147.26%	167.81%	172.86%	151.42%	122.43%	66.42%

Frequently Asked Questions About Marriott International's Financials

When does Marriott International's financial year end?

According to the most recent income statement we have on file, Marriott International's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Marriott International's net income changed over the last 9 years?

Marriott International's net income appears to be on an upward trend, with a most recent value of $2.38 billion in 2024, rising from $859 million in 2015. The previous period was $3.08 billion in 2023. Check out Marriott International's forecast to explore projected trends and price targets.

What is Marriott International's operating income?

Marriott International's total operating income in 2024 was $3.77 billion, based on the following breakdown:

Total Gross Profit: $5.10 billion
Total Operating Expenses: $1.26 billion

How has Marriott International revenue changed over the last 9 years?

Over the last 9 years, Marriott International's total revenue changed from $14.49 billion in 2015 to $25.10 billion in 2024, a change of 73.3%.

How much debt does Marriott International have?

Marriott International's total liabilities were at $29.17 billion at the end of 2024, a 10.7% increase from 2023, and a 201.6% increase since 2015.

How much cash does Marriott International have?

In the past 9 years, Marriott International's cash and equivalents has ranged from $96 million in 2015 to $1.39 billion in 2021, and is currently $396 million as of their latest financial filing in 2024.

How has Marriott International's book value per share changed over the last 9 years?

Over the last 9 years, Marriott International's book value per share changed from -13.96 in 2015 to -10.77 in 2024, a change of -22.9%.

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This page (NASDAQ:MAR) was last updated on 6/1/2025 by MarketBeat.com Staff

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Marriott International (MAR) Financials

Frequently Asked Questions About Marriott International's Financials

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Marriott International (MAR) Financials

Annual Income Statements for Marriott International

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Quarterly Balance Sheets for Marriott International

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Quarterly Metrics And Ratios for Marriott International

Frequently Asked Questions About Marriott International's Financials

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