Tearsheet

Marriott International (MAR)


Market Price (11/2/2025): $260.67 | Market Cap: $71.5 Bil
Sector: Consumer Discretionary | Industry: Hotels, Resorts & Cruise Lines

Marriott International (MAR)


Market Price (11/2/2025): $260.67
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 -23%, 3Y Excs Rtn is -5.3%
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 -23%, 3Y Excs Rtn is -5.3%
3 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 29x

Market Valuation & Key Metrics

MAR Stock


Why The Stock Moved


Qualitative Assessment

AI Generated Analysis | Feedback

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Stock Movement Drivers

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
MAR Return-13%25%-9%53%25%-6%79%
Peers Return0%37%-19%20%21%-17%33%
S&P 500 Return16%27%-19%24%23%16%112%

Monthly Win Rates [3]
MAR Win Rate42%58%50%58%67%60% 
Peers Win Rate53%55%37%57%58%46% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
MAR Max Drawdown-61%-12%-19%-1%-6%-24% 
Peers Max Drawdown-53%-8%-32%-5%-9%-28% 
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 10/31/2025 (YTD)

How Low Can It Go

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

Compare to HLT, H, WH, MTN, CHH


In The Past

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.

About Marriott International (MAR)

Better Bets than Marriott International (MAR)

Latest Trefis Analyses

Trade Ideas

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

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
LRN_10312025_Dip_Buyer_ValueBuy10312025LRNStrideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
DECK_10312025_Dip_Buyer_High_CFO_Margins_ExInd_DE10312025DECKDeckers OutdoorDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
0.0%0.0%0.0%
ATGE_10312025_Quality_Momentum_RoomToRun_10%10312025ATGEAdtalem Global EducationQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
0.0%0.0%0.0%
GNTX_10242025_Dip_Buyer_FCFYield10242025GNTXGentexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-0.8%-0.8%-0.8%
LNW_10172025_Dip_Buyer_FCFYield10172025LNWLight & WonderDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-4.5%-4.5%-6.2%
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
LRN_10312025_Dip_Buyer_ValueBuy10312025LRNStrideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
0.0%0.0%0.0%
DECK_10312025_Dip_Buyer_High_CFO_Margins_ExInd_DE10312025DECKDeckers OutdoorDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
0.0%0.0%0.0%
ATGE_10312025_Quality_Momentum_RoomToRun_10%10312025ATGEAdtalem Global EducationQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
0.0%0.0%0.0%
GNTX_10242025_Dip_Buyer_FCFYield10242025GNTXGentexDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-0.8%-0.8%-0.8%
LNW_10172025_Dip_Buyer_FCFYield10172025LNWLight & WonderDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-4.5%-4.5%-6.2%
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

Recent Active Movers

More From Trefis

Peer Comparisons for Marriott International

Financials

MARHLTHWHMTNCHHMedian
NameMarriott.Hilton W.Hyatt Ho.Wyndham .Vail Res.Choice H. 
Mkt Price260.58256.96137.4173.43148.3392.96142.87
Mkt Cap71.560.113.15.65.44.39.4
Rev LTM25,69111,7356,7571,4362,9641,5774,861
Op Inc LTM3,9502,580439593538476566
FCF LTM1,6822,296132294320166307
FCF 3Y Avg2,2731,916420268340185380
CFO LTM2,4882,508300349555322452
CFO 3Y Avg2,8412,122603310594313599

Growth & Margins

MARHLTHWHMTNCHHMedian
NameMarriott.Hilton W.Hyatt Ho.Wyndham .Vail Res.Choice H. 
Rev Chg LTM5.1%6.7%0.9%3.4%2.7%1.7%3.1%
Rev Chg 3Y Avg13.2%13.1%14.2%-2.5%5.7%9.1%11.1%
Rev Chg Q4.7%8.8%6.2%-3.5%2.2%-2.0%3.5%
QoQ Delta Rev Chg LTM1.2%2.2%1.6%-1.0%0.2%-0.5%0.7%
Op Mgn LTM15.4%22.0%6.5%41.3%18.1%30.2%20.1%
Op Mgn 3Y Avg16.4%22.0%6.1%38.4%18.8%29.3%20.4%
QoQ Delta Op Mgn LTM-0.0%0.8%-0.8%0.8%-0.4%-0.4%-0.2%
CFO/Rev LTM9.7%21.4%4.4%24.3%18.7%20.4%19.6%
CFO/Rev 3Y Avg11.7%19.4%9.1%22.0%20.4%20.1%19.8%
FCF/Rev LTM6.5%19.6%2.0%20.5%10.8%10.5%10.6%
FCF/Rev 3Y Avg9.4%17.5%6.3%19.0%11.7%11.9%11.8%

Valuation

MARHLTHWHMTNCHHMedian
NameMarriott.Hilton W.Hyatt Ho.Wyndham .Vail Res.Choice H. 
Mkt Cap71.560.113.15.65.44.39.4
P/S2.85.11.93.91.82.72.8
P/EBIT18.123.214.79.89.48.712.2
P/E29.036.130.416.619.313.924.2
P/CFO28.724.043.816.19.813.320.0
Total Yield4.4%2.9%3.7%8.3%6.6%7.2%5.5%
Dividend Yield1.0%0.1%0.4%2.2%1.5%0.0%0.7%
FCF Yield 3Y Avg3.5%3.8%3.1%4.4%4.8%3.2%3.6%
D/E0.20.20.50.50.60.50.5
Net D/E0.20.20.40.50.60.50.4

Returns

MARHLTHWHMTNCHHMedian
NameMarriott.Hilton W.Hyatt Ho.Wyndham .Vail Res.Choice H. 
1M Rtn-2.2%-0.8%-5.5%-9.6%-4.6%-12.7%-5.0%
3M Rtn2.3%-1.4%0.0%-12.0%1.1%-26.0%-0.7%
6M Rtn5.0%6.8%12.0%-14.8%8.6%-27.7%5.9%
12M Rtn1.0%8.9%-4.9%-15.1%-5.6%-32.4%-5.2%
3Y Rtn75.6%100.0%51.1%6.4%-20.8%-24.6%28.8%
1M Excs Rtn-4.0%-2.6%-7.4%-11.4%-6.4%-14.6%-6.9%
3M Excs Rtn-7.2%-10.1%-8.5%-20.8%-6.7%-34.7%-9.3%
6M Excs Rtn-15.3%-13.5%-8.3%-35.1%-11.7%-48.0%-14.4%
12M Excs Rtn-17.6%-9.6%-29.1%-33.5%-24.8%-50.7%-26.9%
3Y Excs Rtn-5.3%21.0%-23.2%-73.2%-100.6%-102.1%-48.2%

Financials

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

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity8,265,920
Short Interest: % Change Since 93020252.4%
Average Daily Volume1,533,783
Days-to-Cover Short Interest5.39
Basic Shares Quantity274,200,000
Short % of Basic Shares3.0%

SEC Filings

Expand for More

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

Expand for More

 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