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Marriott International (MAR)

Market Price (10/19/2025): $260.84 | Market Cap: $71.5 Bil
Sector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines

Marriott International (MAR)

Market Price (10/19/2025): $260.84
Market Cap: $71.5 Bil
Sector: Consumer Discretionary
Industry: Hotels, Resorts & Cruise Lines

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive cash flow generation
CFO LTM is 2.5 Bil		 Weak multi-year price returns
2Y Excs Rtn is -16%		 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 29x
1 Low stock price volatility
Vol 12M is 29%		  
0 Attractive cash flow generation
CFO LTM is 2.5 Bil
1 Low stock price volatility
Vol 12M is 29%
2 Weak multi-year price returns
2Y Excs Rtn is -16%
3 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 29x

Market Valuation & Key Metrics

MARS&P 500
REVENUE GROWTHFAIR
Rev LTM ($ Bil)25.7
Rev Chg Q4.7%6.1%
Rev Chg LTM5.1%5.2%
Rev Chg 3Y Avg13.2%5.4%
PROFITABILITYPOOR
Op Inc LTM ($ Bil)4.0
Op Mgn LTM15.4%18.6%
CFO LTM ($ Bil)2.5
CFO/Rev LTM9.7%20.4%
Net Inc LTM ($ Bil)2.5
Net Inc Mgn9.6%12.7%
VALUATIONHIGH
P/S2.83.2
P/CFO28.715.9
P/FCF42.520.7
P/E29.024.0
STABILITYGOOD
Debt/Equity0.230.22
Cash/Assets0.020.07

MAR Stock

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
MAR Return-13%25%-9%53%25%-6%79%
Peers Return0%37%-19%20%21%-14%39%
S&P 500 Return16%27%-19%24%23%13%106%

Monthly Win Rates [3]
MAR Win Rate42%58%50%58%67%56% 
Peers Win Rate53%55%37%57%58%49% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
MAR Max Drawdown-61%-12%-19%-1%-6%-24% 
Peers Max Drawdown-53%-8%-32%-5%-9%-27% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HLT, H, WH, MTN, CHH. See MAR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/17/2025 (YTD)

Downturns Compared

Unique KeyEventMARS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-30.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven43.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven382 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-61.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven156.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven327 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-31.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven46.5%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven358 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-75.9%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven315.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1919 days1480 days


How Low Can It Go?

Marriott International's stock fell -30.1% during the 2022 Inflation Shock from a high on 4/20/2022. A -30.1% loss requires a 43.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Better Bets than Marriott International (MAR)

 MARBetter Performance than MAR
MetricValueIndustry (Hotels, Resorts & Cruise Lines)
Rev Chg LTM5.1%BKNG (11.7%), RCL (12.1%), ABNB (10.2%), HLT (6.3%), CCL (7.1%)
Rev Chg 3Y Avg13.2%BKNG (19.9%), RCL (65.4%), ABNB (16.3%), HLT (15.4%), CCL (45.9%)
Op Mgn LTM15.4%BKNG (32.8%), RCL (26.4%), ABNB (22.5%), HLT (21.1%), CCL (16.4%)
CFO/Rev LTM9.7%BKNG (38.3%), RCL (33.4%), ABNB (37.2%), HLT (20.5%), CCL (21.4%)
FCF/Rev LTM6.5%BKNG (36.9%), RCL (20.9%), ABNB (37.2%), HLT (18.7%), CCL (11.1%)
Total Yield4.4%RCL (4.8%), CCL (7.1%), EXPE (4.5%), NCLH (7.0%), WH (7.6%)
 MARBetter Performance than MAR
MetricValueAll Other Sectors
Rev Chg LTM5.1%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), META (19.4%)
Rev Chg 3Y Avg13.2%NVDA (92.0%), AVGO (24.0%), JPM (13.5%), LLY (23.4%), MA (13.5%)
Op Mgn LTM15.4%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM9.7%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM6.5%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield4.4%JPM (6.8%), XOM (9.9%), JNJ (7.5%), BAC (7.1%), PG (4.5%)
 Best Bets In Consumer Discretionary Sector
 MARABNB BKNG MCD LOPE PRDO ALSN CROX GRMN WH YUM
What You Pay           
P/E29.029.534.226.225.015.28.919.630.618.028.3
P/EBIT18.129.721.118.219.611.16.717.127.310.616.5
What You Get           
Rev Chg Q4.7%12.7%16.0%5.4%8.8%26.6%-0.2%3.4%20.4%8.2%9.6%
Rev Chg LTM5.1%10.2%11.7%1.2%6.5%6.3%2.7%2.0%19.6%3.9%11.3%
Rev Chg 3Y Avg13.2%16.3%19.9%3.4%5.8%1.7%8.0%14.5%11.0%-3.2%5.9%
FCF/Rev 3Y Avg9.4%40.5%34.6%27.2%22.6%21.0%20.9%19.8%19.4%19.4%19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Marriott International Earnings Notes  
2How Low Can Marriott International Stock Really Go?Return 
3MAR At Support Zone: Bargain or Bear Trap?Actionable 
4Now Is Not The Time To Buy Marriott International StockBuy or Fear 
5Marriott International vs Alphabet: Which Is A Better Investment?Counter-Intuitive Comparisons 
6Marriott International vs Royal Caribbean: Which Is A Better Investment?Counter-Intuitive Comparisons 
7How Does Marriott International Stock Stack Up Against Its Peers?Peer Comparison 
8Better Bet Than MAR Stock: Pay Less Than Marriott International To Get More From RCL, CCL   
9Better Bet Than MAR Stock: Pay Less Than Marriott International To Get More From RCL, CCL   
10Better Bet Than MAR Stock: Pay Less Than Marriott International To Get More From RCL, CCL   
11ARTICLES  
12MAR Hits Key Support – Is This The Buying Opportunity? August 22nd, 2025
13Now is not the time to buy Marriott International stock August 19th, 2025
14Coronavirus Struck Marriott Stock Hard, Time To Buy? March 5th, 2020
Title
0DASHBOARDS
1MAR Hits Key Support – Is This The Buying Opportunity?
2Now is not the time to buy Marriott International stock
3Coronavirus Struck Marriott Stock Hard, Time To Buy?
4ARTICLES
5Marriott International Earnings Notes
6How Low Can Marriott International Stock Really Go?
7MAR At Support Zone: Bargain or Bear Trap?
8Now Is Not The Time To Buy Marriott International Stock
9Marriott International vs Alphabet: Which Is A Better Investment?
10Marriott International vs Royal Caribbean: Which Is A Better Investment?
11How Does Marriott International Stock Stack Up Against Its Peers?
12Better Bet Than MAR Stock: Pay Less Than Marriott International To Get More From RCL, CCL 
13Better Bet Than MAR Stock: Pay Less Than Marriott International To Get More From RCL, CCL 
14Better Bet Than MAR Stock: Pay Less Than Marriott International To Get More From RCL, CCL 

Trade Ideas

Select past ideas related to MAR. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-20.0%-20.0%-20.0%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.5%-1.5%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-6.8%-6.8%-7.9%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		0.5%0.5%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-8.1%-8.1%-11.7%
MAR_7312020_Dip_Buyer_FCFYield07312020MARMarriott InternationalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		38.8%74.1%-0.4%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-20.0%-20.0%-20.0%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.5%-1.5%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-6.8%-6.8%-7.9%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		0.5%0.5%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-8.1%-8.1%-11.7%
MAR_7312020_Dip_Buyer_FCFYield07312020MARMarriott InternationalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		38.8%74.1%-0.4%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines256.7%146.9%
2NVTSNavitas Semiconductor78.1%310.6%
3SSIISS Innovations International40.1%23.4%
4FLNCFluence Energy40.0%15.4%
5BTDRBitdeer Technologies35.1%10.8%
6MVSTMicrovast34.6%181.6%
7POWIPower Integrations31.3%-25.4%
8CCOClear Channel Outdoor30.8%24.1%
9IRONDisc Medicine28.7%41.9%
10BEBloom Energy28.4%402.0%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-35.8%-48.4%
2SRRKScholar Rock-29.2%-35.4%
3AIVApartment Investment & Management-28.3%-9.0%
4ALABAstera Labs-22.5%20.6%
5BYRNByrna Technologies-19.7%-26.6%
6BWINBaldwin Insurance-19.5%-40.3%
7ONDSOndas-17.5%197.3%
8URGUr-Energy-17.4%40.0%
9IIINInsteel Industries-16.4%14.6%
10LIFLife360-16.0%112.3%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1160.2%365.5%
2PRAXPraxis Precision Medicines320.1%146.9%
3QUREuniQure293.5%228.4%
4FLNCFluence Energy131.4%15.4%
5CLPTClearPoint Neuro123.6%65.0%
6NVTSNavitas Semiconductor117.8%310.6%
7LACLithium Americas110.9%128.6%
8ASTSAST SpaceMobile101.5%295.7%
9BETRBetter Home & Finance97.8%610.2%
10GRALGRAIL97.0%337.0%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1SOCSable Offshore-50.9%-48.4%
2FLYFirefly Aerospace-41.7% 
3PGYPagaya Technologies-39.5%185.3%
4UPWheels Up Experience-37.1%-6.7%
5ALABAstera Labs-36.6%20.6%
6VGVenture Global-35.8% 
7USNAUsana Health Sciences-32.3%-41.8%
8UPSTUpstart-31.7%-24.5%
9DOMODomo-30.8%73.6%
10TROXTronox-30.6%-63.2%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines256.7%146.9%
2NVTSNavitas Semiconductor78.1%310.6%
3SSIISS Innovations International40.1%23.4%
4FLNCFluence Energy40.0%15.4%
5BTDRBitdeer Technologies35.1%10.8%
6MVSTMicrovast34.6%181.6%
7POWIPower Integrations31.3%-25.4%
8CCOClear Channel Outdoor30.8%24.1%
9IRONDisc Medicine28.7%41.9%
10BEBloom Energy28.4%402.0%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-35.8%-48.4%
2SRRKScholar Rock-29.2%-35.4%
3AIVApartment Investment & Management-28.3%-9.0%
4ALABAstera Labs-22.5%20.6%
5BYRNByrna Technologies-19.7%-26.6%
6BWINBaldwin Insurance-19.5%-40.3%
7ONDSOndas-17.5%197.3%
8URGUr-Energy-17.4%40.0%
9IIINInsteel Industries-16.4%14.6%
10LIFLife360-16.0%112.3%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Marriott International

Financials

MARHLTHWHMTNCHHMedian
NameMarriott.Hilton W.Hyatt Ho.Wyndham .Vail Res.Choice H. 
Mkt Price260.85260.27145.4178.25149.5899.68147.50
Mkt Cap71.561.713.96.05.54.610.0
Rev LTM25,69111,4826,7571,4502,9641,5774,861
Op Inc LTM3,9502,428439587538476563
FCF LTM1,6822,147132290320166305
FCF 3Y Avg2,2731,876420275340185380
CFO LTM2,4882,356300342555322448
CFO 3Y Avg2,8412,074603317594313599

Growth & Margins

MARHLTHWHMTNCHHMedian
NameMarriott.Hilton W.Hyatt Ho.Wyndham .Vail Res.Choice H. 
Rev Chg LTM5.1%6.3%0.9%3.9%2.7%1.7%3.3%
Rev Chg 3Y Avg13.2%15.4%14.2%-3.2%5.7%9.1%11.1%
Rev Chg Q4.7%6.3%6.2%8.2%2.2%-2.0%5.5%
QoQ Delta Rev Chg LTM1.2%1.6%1.6%2.1%0.2%-0.5%1.4%
Op Mgn LTM15.4%21.1%6.5%40.5%18.1%30.2%19.6%
Op Mgn 3Y Avg16.4%22.1%6.1%37.7%18.8%29.3%20.5%
QoQ Delta Op Mgn LTM-0.0%0.1%-0.8%0.5%-0.4%-0.4%-0.2%
CFO/Rev LTM9.7%20.5%4.4%23.6%18.7%20.4%19.6%
CFO/Rev 3Y Avg11.7%19.4%9.1%22.3%20.4%20.1%19.8%
FCF/Rev LTM6.5%18.7%2.0%20.0%10.8%10.5%10.6%
FCF/Rev 3Y Avg9.4%17.6%6.3%19.4%11.7%11.9%11.8%

Valuation

MARHLTHWHMTNCHHMedian
NameMarriott.Hilton W.Hyatt Ho.Wyndham .Vail Res.Choice H. 
Mkt Cap71.561.713.96.05.54.610.0
P/S2.85.42.14.21.82.92.9
P/EBIT18.125.115.610.69.59.313.1
P/E29.038.832.218.019.514.924.3
P/CFO28.726.246.317.69.814.321.9
Total Yield4.4%2.7%3.5%7.6%6.6%6.7%5.5%
Dividend Yield1.0%0.1%0.4%2.1%1.5%0.0%0.7%
FCF Yield 3Y Avg3.5%3.7%3.1%4.6%4.8%3.2%3.6%
D/E0.20.20.50.40.60.40.4
Net D/E0.20.20.40.40.50.40.4

Returns

MARHLTHWHMTNCHHMedian
NameMarriott.Hilton W.Hyatt Ho.Wyndham .Vail Res.Choice H. 
1M Rtn-1.2%-2.3%1.9%-5.8%0.6%-9.0%-1.7%
3M Rtn-4.1%-4.5%-1.6%-9.4%-4.7%-23.9%-4.6%
6M Rtn19.0%23.8%37.6%-3.0%11.2%-19.2%15.1%
12M Rtn-0.8%9.2%-5.1%-3.7%-8.6%-25.3%-4.4%
3Y Rtn79.3%104.2%69.8%18.8%-19.1%-16.9%44.3%
1M Excs Rtn-1.7%-2.7%1.4%-6.3%0.1%-9.5%-2.2%
3M Excs Rtn-9.4%-9.5%-6.9%-14.0%-10.5%-29.3%-10.0%
6M Excs Rtn-7.2%-2.3%11.5%-29.1%-15.0%-45.3%-11.1%
12M Excs Rtn-13.5%-4.1%-18.3%-16.6%-22.3%-39.3%-17.4%
3Y Excs Rtn3.2%30.9%-7.4%-59.4%-108.9%-100.2%-33.4%

Comparison Analyses

Title
0How Does Marriott International Stock Stack Up Against Its Peers?
1Marriott International vs. Hilton Worldwide: With Return Forecast Of 36%-37%, Both Seem Like Good Bets
2Marriott vs. Hyatt Hotels: With Return Forecast Of 4.7%, Hyatt Hotels Is A Better Bet
3Marriott vs. Choice Hotels: With Return Forecast Of 25%, Choice Hotels Is A Better Bet
4With 48% Gains On The Table, BKNG May Outshine MAR
5Marriott vs. Advanced Micro Devices: With Return Forecast Of 91%, Marriott Is A Better Bet
6Marriott vs. Stryker: Both Seem Similar Bets
7Marriott vs. Texas Instruments: With Return Forecast Of 23%, Marriott Is A Better Bet
8Marriot vs. Vail Resorts: With Return Forecast Of 42%, Vail Resorts Is A Better Bet
9Marriot vs. Vertex Pharmaceuticals: With Return Forecast Of 71%, Vertex Pharmaceuticals Is A Better Bet

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/5/20255/6/20252/11/202511/4/20247/31/20245/1/20242/13/202411/2/20238/1/20235/2/20232/14/202311/3/2022
Key Financials Quarterly            
Total Revenue6,7446,2636,4296,2556,4395,9776,0955,9286,0755,6155,9235,313
Ebitda1,4001,0921,0571,0101,3371,0069661,2041,1751,0351,1941,041
Operating Income1,2449498049531,2038847261,1121,134952997960
Net Income763665455584772564848752726757673630
EPS2.782.401.632.082.701.942.882.522.392.442.131.94
Key Financials TTM            
Total Revenue TTM25,69125,38625,10024,76624,43924,07523,71323,54122,92622,18920,77319,296
Ebitda TTM4,5594,4964,4104,3194,5134,3514,3804,6084,4454,3113,9173,441
Operating Income TTM3,9503,9093,8443,7663,9253,8563,9244,1954,0433,8593,4743,112
Net Income TTM2,4672,4762,3752,7682,9362,8903,0832,9082,7862,7382,3582,153
Growth Rates Quarterly            
Total Revenue Growth4.7%4.8%5.5%5.5%6.0%6.4%2.9%11.6%13.8%33.7%33.2%34.6%
EBITDA Growth4.7%8.5%9.4%-16.1%13.8%-2.8%-19.1%15.7%12.9%61.5%66.3%121.5%
Operating Income Growth3.4%7.4%10.7%-14.3%6.1%-7.1%-27.2%15.8%19.4%67.9%57.0%74.9%
Net Income Growth-1.2%17.9%-46.3%-22.3%6.3%-25.5%26.0%19.4%7.1%100.8%43.8%186.4%
Margins Quarterly            
EBITDA Margin20.8%17.4%16.4%16.1%20.8%16.8%15.8%20.3%19.3%18.4%20.2%19.6%
Operating Income Margin18.4%15.2%12.5%15.2%18.7%14.8%11.9%18.8%18.7%17.0%16.8%18.1%
Net Income Margin11.3%10.6%7.1%9.3%12.0%9.4%13.9%12.7%12.0%13.5%11.4%11.9%
Cash & Debt            
Total Cash6715233963943494293387175635545071,045
Total Debt16,53615,85115,24114,46213,96813,50912,76012,73412,29611,68111,09810,425
Net Debt / (Cash)15,86515,32814,84514,06813,61913,08012,42212,01711,73311,12710,5919,380
Cash Flows Quarterly            
FCF from Operations643647318880772779751881651887441874
Cash Flows TTM            
FCF from Operations TTM2,4882,6172,7493,1823,1833,0623,1702,8602,8532,8522,3632,354
Returns to Shareholders Quarterly            
Dividends18317417617617915115215415712412697
Share Repurchases7497515861,0201,0121,1449659429111,1351,331935
Return on Invested Capital (ROIC) Quarterly            
ROIC22.7%21.6%16.5%20.1%26.2%21.0%23.4%28.1%29.1%30.7%28.4%29.7%
Return on Invested Capital (ROIC) TTM            
ROIC TTM19.2%19.8%19.5%23.6%25.4%26.1%28.8%27.5%26.9%27.3%24.8%25.8%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Single Segment23,71320,773   
Base management fees  6694431,180
Contract investment amortization  -75-132-62
Cost reimbursement revenue  10,4428,45215,599
Franchise fees  1,7901,1532,006
Incentive management fees  23587637
Owned, leased, and other revenue  7965681,612
Total23,71320,77313,85710,57120,972


Price Behavior

MAR Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta1.311.651.581.121.121.04
Up Beta2.322.351.911.131.141.01
Down Beta0.721.511.650.991.011.01
Up Capture49%107%95%114%117%118%
Bmk +ve Days13233574144420
Stock +ve Days10202960132398
Down Capture213%188%201%127%115%102%
Bmk -ve Days8192952107330
Stock -ve Days11223565118350

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity8,074,364
Short Interest: % Change Since 915202511.7%
Average Daily Volume1,507,183
Days-to-Cover Short Interest5.36
Basic Shares Quantity274,200,000
Short % of Basic Shares2.9%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/20250.2%-0.4%2.6%
5/6/20251.9%10.0%6.2%
2/11/2025-5.4%-5.3%-19.7%
11/4/2024-1.6%7.8%9.6%
7/31/2024-4.8%-9.9%-4.5%
5/1/2024-1.0%-0.1%-2.8%
2/13/2024-5.6%-2.4%1.2%
11/2/2023-1.6%2.0%11.1%
...
SUMMARY STATS   
# Positive121114
# Negative121310
Median Positive2.9%2.9%8.0%
Median Negative-2.9%-2.3%-5.1%
Max Positive5.8%19.9%31.8%
Max Negative-5.6%-9.9%-30.8%

SEC Filings

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Report DateFiling DateFiling
6302025805202510-Q 6/30/2025
3312025506202510-Q 3/31/2025
12312024211202510-K 12/31/2024
93020241104202410-Q 9/30/2024
6302024731202410-Q 6/30/2024
3312024501202410-Q 3/31/2024
12312023213202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023801202310-Q 6/30/2023
3312023502202310-Q 3/31/2023
12312022214202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022802202210-Q 6/30/2022
3312022504202210-Q 3/31/2022
12312021215202210-K 12/31/2021
93020211103202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Capuano AnthonyPresident & CEO6022025Sell263.9012,0003,166,80032,741,281Form
1Breland Benjamin T.CHRO & EVP, Global Ops. Serv.5142025Sell270.211,000270,2105,599,801Form
2SCHWAB SUSAN C 2262025Sell277.481,054292,3321,262,944Form
3Oberg Kathleen K.EVP & CFO2242025Sell276.333,395938,1407,014,595Form
4Reiss Rena HozoreEVP & General Counsel2242025Sell286.653,5001,003,2757,089,714Form

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