Superworth

Marriott International MAR

Travel Lodging, Consumer Cyclical
$390.71
−1.53%
Market cap
$101.9B
PE
40.5×
10y median 30.8×
Forward PE
31.9×
10y median 26.7×
Price to sales
3.8×
EV/EBIT
27.8×
Revenue, 12 months
$26.9B
+5% on a year ago
Net margin
9.6%
Free cash flow yield
3.1%

Marriott International trades at 40.5× trailing earnings, pricier than 86% of the last ten years. Revenue was $26.9B over the last twelve months, up 5% on a year earlier with a 10% net margin.

Charts

Financials

Income statement for MAR, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
$5.9B+12%$6.1B+3%$6B+6%$6.4B+6%$6.3B+6%$6.4B+6%$6.3B+5%$6.7B+5%$6.5B+4%$6.7B+4%$6.7B+6%$7.1B+5%
Cost of revenue$4.5B+11%$5B+7%$4.8B+8%$4.9B+6%$5B+10%$5.4B+9%$5.1B+6%$5.2B+6%$5.1B+2%$5.7B+5%$5.3B+5%$5.5B+5%
Gross profit$1.4B+14%$1.1B−13%$1.2B−1%$1.5B+5%$1.3B−9%$1.1B+3%$1.2B+2%$1.5B+1%$1.4B+12%$1B−11%$1.3B+11%$1.6B+3%
SG&A$239M+11%$330M+40%$261M+29%$248M+3%$276M+16%$289M−12%$209M−20%$210M−15%$234M−15%$146M−50%$219M+5%$220M+5%
$1.1B+15%$718M−28%$876M−8%$1.2B+9%$944M−14%$752M+5%$948M+8%$1.2B+3%$1.2B+25%$777M+3%$1.1B+12%$1.2B−1%
Interest expense$146M+46%$153M+33%$163M+29%$173M+24%$179M+23%$180M+18%$192M+18%$203M+17%$206M+15%$208M+16%$214M+12%$221M+9%
Pre-tax income$989M+14%$581M−35%$727M−14%$1B+8%$786M−21%$598M+3%$764M+5%$1.1B+1%$994M+27%$582M−3%$858M+12%$1B−1%
$237M−1%−$267M$163M+87%$268M+13%$202M−15%$143M$99M−39%$291M+9%$266M+32%$137M−4%$210M+112%$278M−5%
Net income$752M+19%$848M+26%$564M−26%$772M+6%$584M−22%$455M−46%$665M+18%$763M−1%$728M+25%$445M−2%$648M−3%$766M+0%
$2.51+29%$2.87+35%$1.93−21%$2.69+13%$2.07−18%$1.62−44%$2.39+24%$2.78+3%$2.67+29%$1.65+2%$2.43+2%$2.90+4%
300.1M−8%295.8M−7%291.6M−6%286.7M−6%282.4M−6%280.1M−5%277.7M−5%274.7M−4%272.5M−4%269.4M−4%266.8M−4%264.5M−4%

Gross profit: 36 periods, Q2 FY17 to Q2 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: Q4 FY08 and Q4 FY09: quarter's net income to common over its shares, to the cent, the shares from counts implied by EPS, near the year's EPS less the nine months'. 10 periods, Q4 FY10 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: 16 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY20: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$6.9B$6.7B to $7.1B$2.84$2.73 to $3.0216
Q4 FY26$7.1B$6.8B to $7.3B$3.01$2.88 to $3.2816
Q1 FY27$7B$6.7B to $7.2B$2.94$2.79 to $3.088
Q2 FY27$7.5B$7.2B to $7.8B$3.48$3.30 to $3.657
Q3 FY27$7.4B$7.1B to $7.6B$3.23$3.07 to $3.387
Q4 FY27$7.5B$7.2B to $7.8B$3.41$3.24 to $3.5712
Q1 FY28$7.3B$7B to $7.6B$3.24$3.07 to $3.399
Q2 FY28$7.8B$7.5B to $8.1B$3.91$3.72 to $4.108

Peers

Companies in Consumer Cyclical nearest Marriott International's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
MARMarriott International$101.9B40.5×30.8×31.9×3.8×+5%9.6%
ABNBAirbnb$103B39.1×34.8×30.1×7.8×+14%20.4%
LOWLowe's Companies$111.5B16.8×21.2×15.9×1.2×+8%7.3%
MELIMercadoLibre$91.8B49.2×74.2×41.3×2.6×+46%5.3%
SBUXStarbucks$114.9B57.9×30.3×33.8×3.0×+4%5.2%
BKNGBooking$117.1B17.2×32.2×14.0×4.1×+13%25.5%
HLTHilton Worldwide$78.7B51.3×36.4×36.5×6.3×+9%12.7%
RCLRoyal Caribbean Cruises$73.9B17.1×17.0×14.6×4.0×+9%23.5%
ROSTRoss Stores$73.3B27.8×24.5×26.9×3.0×+14%10.8%
ORLYO'Reilly Automotive$72.7B28.6×23.9×25.9×3.9×+8%14.3%
GMGeneral Motors$66.6B38.3×6.7×5.4×0.4×−1%1.1%
Peer median$85.2B33.5×27.4×26.4×3.5×+9%11.8%

Investors who own it

Investors we follow who held Marriott International at the end of Jun 30, 2026, from their 13F filings.

More on Marriott International

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About

Industry
Travel Lodging
Sector
Consumer Cyclical

Valuation data, not investment advice. Prices as of .