Marriott International, Inc. (MAR)

NASDAQ: MAR · USD

$394

+3.79 (+1.0%)· Recorded snapshot

منبع انگلیسیFA

منبع انگلیسی تا زمان ترجمه نمایش داده می‌شود

این گزارش هنوز ترجمه نشده است. پس از چند دقیقه، زمانی که صف ترجمه به‌روز شد، صفحه را تازه کنید.

StockMarketAgent Research · Analyzed 2026-05-20

Our latest published analysis: MAR rated Sell

Marriott International, Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$228 / share

Potential value

$304 / share

Upside to FV

-36.5%

from $394

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$94.6B
Revenue (ttm)	26.9B
Net income (ttm)	2.6B
EPS (ttm)	$9.64
Shares out	260.8M
P/E (trailing)	40.9x
P/E (forward)	27.4x
Dividend	$2.92 (0.74%)
Volume	834,136
Beta	1.17

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 26.9B
Net income (ttm): 2.6B
EPS (ttm): $9.64
P/E (trailing): 40.9x
P/E (forward): 27.4x
Market cap: $94.6B

Item	P1	P2	P3	P4	Trend
Period	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$20.77B	$23.71B	$25.10B	$26.19B	+8.0%
Gross profit	$4.56B	$4.98B	$4.97B	$5.22B	+4.6%
Operating income	$3.52B	$3.94B	$3.85B	$4.20B	+6.1%
Net income	$2.36B	$3.08B	$2.38B	$2.60B	+3.3%
EPS (diluted)	$7.24	$10.18	$8.33	$9.51	+9.5%
EBITDA	$3.92B	$4.38B	$4.34B	$4.80B	+7.0%
R&D	—	—	—	—	—
SG&A	$891.0M	$867.0M	$945.0M	$870.0M	-0.8%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	فروش
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	فروش
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	خرید قوی
AMZN	Amazon.com Inc.	2.7T	20.5x	3.5x	11.9%	+11.8%	+12.2%	فروش
APTV	Aptiv PLC	9.1B	42.8x	0.4x	7.8%	+5.5%	-49.2%	خرید
AZO	AutoZone Inc.	50.8B	20.7x	2.5x	26.3%	+6.8%	-17.3%	نگه‌داری

Base and Bull scenarios

Bull20%

Price target

$303.69

-15.3% from spot

Accelerating international footprint growth, expanding co-branded credit card fees, and enduring pricing power structurally elevate margins and support mid-teens EPS compounding.

Revenue growth sustained above 6% annually.
Terminal multiple expands beyond 25x.
Continuous aggressive share count reduction.

Base60%

Price target

$227.84

-36.5% from spot

Marriott maintains asset-light operating leverage and steady cash flows, but the current market valuation excessively pulls forward perpetual growth, necessitating a sharp multiple contraction to align with fundamentals.

RevPAR stabilizes to historical norms.
Terminal multiple compression to 22x.
Stable debt servicing costs.

Sensitivity: Ke × terminal growth

The highlighted base cell is anchored to composite fair-value midpoint ($227.84). It is the reference value for this grid, not a separate standalone fair-value claim.

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
8.0%	$266	$290	$319	$354	$399
9.0%	$228	$245	$266	$290	$319
10.0%	$199	$213	$228	$245	$266
11.0%	$177	$188	$199	$213	$228
12.0%	$159	$168	$177	$188	$199

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E27.4

P25 n/aP50 n/aP75 n/a

Trailing P/E37.6

P25 n/aP50 n/aP75 n/a

ROEn/a

P25 n/aP50 n/aP75 n/a

ROIC16.3

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All MAR indicators

Market & fundamental data

Available fields

283

Groups with data

Currency

USD

Showing 283 of 283 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001048286
Company name	Marriott International, Inc.
Country	United States
Country code	US
CUSIP number	571903202
Earnings date	2026-11-02
Earnings time	bmo
Employees	414,000
Employees change	-4,000
Employees growth	-0.96%
Enterprise value	$120.1B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1927
In index	SP500, NASDAQ100
Industry	Lodging
IPO date	1993-07-16
Is primary listing	Yes
Is SPAC	No
ISIN number	US5719032022
Last 10-K release date	2026-02-10
Last earnings date	2026-08-03
Last refreshed	2026-10-28
Last stock split date	2009-11-17
Last stock split type	Forward
Market cap	$102.7B
Market cap category	Large-Cap
Next earnings date	2026-11-02
Options	Yes
Price	$394.02
Price currency	USD
Sector	Consumer Discretionary
SIC code	7011
Stock price date	2026-10-28
Symbol	MAR
U.S. state	Maryland
Website	https://www.marriott.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	35.95x
Average P/E ratio (10Y)	38.25x
Average P/E ratio (3Y)	27.96x
Average P/E ratio (5Y)	31.59x
Earnings yield	2.45%
EV/Earnings	46.33x
EV/EBIT	27.69x
EV/EBITDA	24.9x
EV/FCF	43.08x
EV/Sales	4.45x
FCF / EV yield	2.32%
FCF yield	2.71%
Forward EV/Sales	4.21x
Forward P/E	31.82x
Forward P/S	3.6x
Industry forward P/E	28.9x
Industry P/E	37.6x
Lynch fair value	$241.06
Lynch upside	-38.7%
P/(FCF - SBC) ratio	40.48x
P/(OCF - SBC) ratio	29.47x
P/E ratio	40.86x
P/FCF ratio	36.86x
P/OCF ratio	27.5x
P/S ratio	3.81x
PEG ratio	2.65x
Price/EBITDA ratio	21.3x
Sector forward P/E	24.24x
Sector P/E	30.29x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	16.09%
EBITDA margin	17.89%
Effective tax rate	25.62%
FCF margin	10.34%
Gross margin	21.75%
Operating margin	16.09%
Pretax margin	12.93%
Profit margin	9.62%
Profit per employee	$6,249
Profitable quarters	21
Profitable years	5
Revenue per employee	$64,986
ROA	9.76%
ROA (5Y)	8.32%
ROCE	21.45%
ROIC	16.29%
ROIC (5Y)	19.22%
SBC / revenue	0.93%
Tax / revenue	3.31%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	8.9%
EPS growth (Q)	4.32%
EPS growth (QoQ)	19.34%
EPS growth 10Y	11.13%
EPS growth 3Y	2.92%
EPS growth 5Y	55.43%
EPS growth quarters	6
EPS growth years	1
FCF growth	68%
FCF growth (Q)	63.12%
FCF growth (QoQ)	9.34%
FCF growth 3Y	5.88%
FCF growth 5Y	83.42%
Gross profit growth	9.57%
Gross profit growth (Q)	12.01%
Gross profit growth 3Y	6.78%
Gross profit growth 5Y	27.56%
Net income growth	4.86%
Net income growth (Q)	0.39%
Net income growth (QoQ)	18.21%
Net income growth 3Y	-2.44%
Net income growth 5Y	49.45%
Net income growth quarters	1
Net income growth years	1
OCF growth	49.84%
OCF growth (Q)	47.43%
OCF growth (QoQ)	10.49%
OCF growth 10Y	9.24%
OCF growth 3Y	9.33%
OCF growth 5Y	70.33%
Operating income growth	9.57%
Operating income growth (Q)	5.63%
Operating income growth 3Y	2.3%
Operating income growth 5Y	32.07%
Revenue growth	4.72%
Revenue growth (Q)	4.85%
Revenue growth (QoQ)	6.27%
Revenue growth 10Y	6.05%
Revenue growth 3Y	5.48%
Revenue growth 5Y	22.16%
Revenue growth quarters	21
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-946M
Depreciation and amortization	$486M
EBIT	$4.3B
EBITDA	$4.8B
EPS	$9.64
FCF per share	$10.67
Financing cash flow	$-3.1B
Free cash flow	$2.8B
Free cash flow minus SBC	$2.5B
Gross profit	$5.9B
Income taxes	$891M
Investing cash flow	$-840M
Net borrowing	$1.3B
Net cash flow	$-220M
Net income	$2.6B
Operating cash flow minus SBC	$3.5B
Operating income	$4.3B
Revenue	$26.9B
Stock-based compensation	$249M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.12
Book value per share	$-17.28
Debt / EBITDA	3.5
Debt / FCF	6.39
Goodwill	$8.9B
Interest coverage	5.1
Long-term assets	$23.9B
Long-term liabilities	$24.7B
Net cash (debt)	$-17.3B
Net cash / market cap	-16.88%
Net debt / EBITDA	3.6
Net debt / FCF	6.22
Piotroski F-Score	7
Property, plant and equipment	$2.8B
Shareholders' equity	$-4.5B
Tangible book value	$-19.6B
Tangible book value per share	$-74.80
Total assets	$28.1B
Total cash	$462M
Total debt	$17.8B
Total liabilities	$32.6B
WACC	9.62%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.97
Current assets	$4.2B
Current liabilities	$7.9B
Current ratio	0.53
Net working capital	$-3.7B
Quick ratio	0.48
Working capital	$-3.7B
Working capital turnover	-6.86

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	3.73%
Dividend growth	7.69%
Dividend growth (10Y)	9.79%
Dividend growth (3Y)	15.02%
Dividend growth (5Y)	56.32%
Dividend growth years	4
Dividend payment date	2026-09-30
Dividend payment years	5
Dividend payout frequency	Quarterly
Dividend per share	$2.92
Dividend yield	0.74%
Ex-dividend date	2026-08-20
FCF payout ratio	27.37%
Last dividend	$0.73
Payout ratio	30.28%
Shareholder yield	4.48%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	486.39%
10Y return CAGR	20.42%
10Y total return	540.92%
150-day SMA	$363.44
15Y price change	1,078.41%
15Y return CAGR	19.59%
15Y total return	1,364.24%
1D price change	0.97%
1M price change	11.47%
1M total return	11.47%
1W price change	-1.23%
1W total return	-1.23%
1Y price change	44.69%
1Y return CAGR	45.93%
1Y total return	45.89%
20-day SMA	$377.88
200-day SMA	$355.24
20Y price change	855.91%
20Y return CAGR	13.41%
20Y total return	1,138.69%
3M price change	2.44%
3M total return	2.65%
3Y price change	111.81%
3Y return CAGR	29.62%
3Y total return	117.84%
50-day SMA	$358.51
50-day SMA vs 200-day SMA	50over200
52-week high	$410.98
52-week high date	2026-06-15
52-week low	$256.76
52-week low date	2025-10-31
5Y price change	145.56%
5Y return CAGR	20.7%
5Y total return	156.14%
6M price change	8.8%
6M total return	9.24%
All-time high	$410.98
All-time high date	2026-06-15
All-time low	$9.58
All-time low date	1998-10-06
Average true range (ATR)	$8.13
Average volume	1.3M
Beta (1Y)	0.25
Beta (2Y)	0.9
Beta (5Y)	1.17
Change from 52-week high	-4.13%
Change from 52-week low	53.46%
Change from all-time high	-4.52%
Change from all-time low	3,994.86%
Change from open	1.04%
Day's gap	-0.07%
Dollar volume	$328.7M
High price	$394.48
Low price	$388.37
Monthly RSI	70.05
Open price	$389.95
Position in 52-week range	92.47%
Premarket change	0.16%
Premarket close	$390.23
Premarket price	$390.86
Previous close	$390.23
Price vs 150-day SMA	7.97%
Price vs 20-day SMA	3.84%
Price vs 200-day SMA	10.46%
Price vs 50-day SMA	9.45%
Relative volume	0.63
RSI	64.45
Sharpe ratio	1.38
Sharpe ratio (3Y)	0.96
Sharpe ratio (5Y)	0.69
Sortino ratio	2.48
Sortino ratio (3Y)	1.69
Sortino ratio (5Y)	1.23
Volume	834.1K
Weekly RSI	64.81
YTD price change	26.49%
YTD total return	27.24%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	223.3M
Float percentage	85.64%
Shares change (QoQ)	-0.86%
Shares change (YoY)	-3.73%
Shares held by insiders	9.11%
Shares held by institutions	67.47%
Shares outstanding	260.8M
Short % of float	3.01%
Short % of shares	2.58%
Short ratio	4.2 days

Deeper analysis on MAR

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this MAR report

What is the latest published MAR stock rating?

Marriott International, Inc. is shown with Sell in the latest published report, analyzed 2026-05-20. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full MAR analysis?

The full latest published report, analyzed 2026-05-20, lives at /stocks/MAR/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for MAR?

The latest published report analyzed 2026-05-20 gives MAR a fair value of USD 228 and a potential value of USD 304. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the MAR page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-20). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellMAR · Fair value $228-36.5%

Read full analysis →

Marriott International, Inc. (MAR)

Our latest published analysis: MAR rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · MAR

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All MAR indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on MAR

Frequently asked questions

سابقهٔ رتبه‌بندی

Category	Score	Reading
Valuation	1.5
Management	7.3
Balance Sheet	3.0
Profitability	6.5
Revenue Growth	6.0
Risk Assessment	4.5
Competitive Moat	9.0
Earnings Quality	7.5
Capital Efficiency	7.5