(MAR) Marriott International - Overview
Sector: Consumer Cyclical | Industry: Lodging | Exchange: NASDAQ (USA) | Market Cap: 101.747m USD | Total Return: 45.1% in 12m
Avg Turnover: 469M
EPS Trend: 57.6%
Qual. Beats: 1
Rev. Trend: 99.6%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
Marriott International, Inc. is a global lodging leader headquartered in Bethesda, Maryland, managing a diverse portfolio of luxury, premium, and select-service brands. The company operates through an asset-light business model, primarily generating revenue through management fees, franchising, and licensing agreements rather than direct real estate ownership. This strategy allows for rapid geographic expansion across North America, Europe, Asia Pacific, and the Middle East with lower capital intensity.
The firm’s extensive brand architecture includes high-end labels such as The Ritz-Carlton and St. Regis, alongside mid-scale options like Courtyard and Fairfield. Beyond traditional hotels, Marriott has expanded into residential properties, timeshares, and luxury yacht cruises. Investors can find deeper insights into the company’s valuation and competitive positioning on ValueRay.
In the Hotels, Resorts & Cruise Lines sub-industry, competitive advantage is frequently driven by loyalty program scale and global distribution systems. Marriott utilizes its Bonvoy platform to drive direct bookings and reduce reliance on third-party travel agencies, enhancing its overall margin profile.
- Global RevPAR recovery trends drive core fee revenue and bottom line growth
- Asset-light franchise model expansion enhances operating margins and free cash flow
- China macroeconomic volatility impacts international inbound and domestic travel demand
- Marriott Bonvoy loyalty program engagement determines customer acquisition and retention costs
- Interest rate fluctuations influence hotel development pipeline and unit growth pace
| Net Income: 2.58b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 4.27 > 1.0 |
| NWC/Revenue: -17.32% < 20% (prev -17.88%; Δ 0.56% < -1%) |
| CFO/TA 0.12 > 3% & CFO 3.42b > Net Income 2.58b |
| Net Debt (17.0b) to EBITDA (3.81b): 4.46 < 3 |
| Current Ratio: 0.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (269.4m) vs 12m ago -2.99% < -2% |
| Gross Margin: 21.38% > 18% (prev 0.20%; Δ 2.12k% > 0.5%) |
| Asset Turnover: 97.52% > 50% (prev 95.25%; Δ 2.26% > 0%) |
| Interest Coverage Ratio: 4.18 > 6 (EBITDA TTM 3.81b / Interest Expense TTM 831.0m) |
| A: -0.17 (Total Current Assets 3.91b - Total Current Liabilities 8.52b) / Total Assets 27.9b |
| B: 0.68 (Retained Earnings 18.9b / Total Assets 27.9b) |
| C: 0.13 (EBIT TTM 3.47b / Avg Total Assets 27.3b) |
| D: 0.57 (Book Value of Equity 18.2b / Total Liabilities 31.9b) |
| Altman-Z'' = 2.58 = A |
| DSRI: 1.02 (Receivables 3.09b/2.90b, Revenue 26.6b/25.4b) |
| GMI: 0.95 (GM 21.38% / 20.31%) |
| AQI: 1.04 (AQ_t 0.79 / AQ_t-1 0.76) |
| SGI: 1.05 (Revenue 26.6b / 25.4b) |
| TATA: -0.03 (NI 2.58b - CFO 3.42b) / TA 27.9b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of June 01, 2026, the stock is trading at USD 375.60 with a total of 2,320,062 shares traded.
Over the past week, the price has changed by +1.56%,
over one month by +4.05%,
over three months by +13.88% and
over the past year by +45.06%.
Marriott International has received a consensus analysts rating of 3.59. Therefore, it is recommended to hold MAR.
- StrongBuy: 8
- Buy: 2
- Hold: 16
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 377.7 | 0.6% |
P/E Trailing = 40.489
P/E Forward = 33.4448
P/S = 14.163
P/B = 443.6338
P/EG = 2.2922
Revenue TTM = 26.6b USD
EBIT TTM = 3.47b USD
EBITDA TTM = 3.81b USD
Long Term Debt = 15.3b USD (from longTermDebt, last quarter)
Short Term Debt = 1.21b USD (from shortTermDebt, last quarter)
Debt = 17.4b USD (from shortLongTermDebtTotal, last quarter) + Leases 876.0m
Net Debt = 17.0b USD (calculated: Debt 17.4b - CCE 454.0m)
Enterprise Value = 119b USD (102b + Debt 17.4b - CCE 454.0m)
Interest Coverage Ratio = 4.18 (Ebit TTM 3.47b / Interest Expense TTM 831.0m)
EV/FCF = 38.12x (Enterprise Value 119b / FCF TTM 3.11b)
FCF Yield = 2.62% (FCF TTM 3.11b / Enterprise Value 119b)
FCF Margin = 11.72% (FCF TTM 3.11b / Revenue TTM 26.6b)
Net Margin = 9.72% (Net Income TTM 2.58b / Revenue TTM 26.6b)
Gross Margin = 21.38% ((Revenue TTM 26.6b - Cost of Revenue TTM 20.9b) / Revenue TTM)
Gross Margin QoQ = 20.15% (prev 16.53%)
Tobins Q-Ratio = 4.26 (Enterprise Value 119b / Total Assets 27.9b)
Interest Expense / Debt = 4.77% (Interest Expense 831.0m / Debt 17.4b)
Taxrate = 24.48% (210.0m / 858.0m)
NOPAT = 2.62b (EBIT 3.47b * (1 - 24.48%))
Current Ratio = 0.46 (Total Current Assets 3.91b / Total Current Liabilities 8.52b)
Debt / Equity = -4.25 (negative equity) (Debt 17.4b / totalStockholderEquity, last quarter -4.09b)
Debt / EBITDA = 4.46 (Net Debt 17.0b / EBITDA 3.81b)
Debt / FCF = 5.44 (Net Debt 17.0b / FCF TTM 3.11b)
Total Stockholder Equity = -3.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.48% (Net Income 2.58b / Total Assets 27.9b)
RoE = -74.11% (negative equity) (Net Income TTM 2.58b / Total Stockholder Equity -3.49b)
RoCE = 29.33% (EBIT 3.47b / Capital Employed (Equity -3.49b + L.T.Debt 15.3b))
RoIC = 13.04% (NOPAT 2.62b / Invested Capital 20.1b)
WACC = 8.55% (E(102b)/V(119b) * Re(9.40%) + D(17.4b)/V(119b) * Rd(4.77%) * (1-Tc(0.24)))
Discount Rate = 9.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.88 | Cagr: -4.04%
[DCF] Terminal Value 77.31% ; FCFF base≈2.60b ; Y1≈2.99b ; Y5≈4.39b
[DCF] Fair Price = 177.8 (EV 63.8b - Net Debt 17.0b = Equity 46.9b / Shares 263.7m; r=8.55% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 57.65 | EPS CAGR: 5.50% | SUE: 3.21 | # QB: 1
Revenue Correlation: 99.59 | Revenue CAGR: 5.25% | SUE: 1.55 | # QB: 1
EPS current Quarter (2026-06-30): EPS=3.06 | Chg30d=+0.18% | Revisions=+18% | Analysts=22
EPS next Quarter (2026-09-30): EPS=2.88 | Chg30d=-1.25% | Revisions=-68% | Analysts=22
EPS current Year (2026-12-31): EPS=11.60 | Chg30d=+0.35% | Revisions=+25% | GrowthEPS=+15.8% | GrowthRev=+6.5%
EPS next Year (2027-12-31): EPS=13.08 | Chg30d=+0.70% | Revisions=+30% | GrowthEPS=+12.7% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: -68%