Marriott International, Inc. (MAR) Financial Ratios
29 years of historical data (1997–2025) · Consumer Cyclical · Travel Lodging
EV/EBITDA
↓
27.30
↑+24% vs avg
5yr avg: 22.05
30Y Low7.6·High94.8
P/FCF
↓
40.06
+14% vs avg
5yr avg: 35.12
30Y Low11.7·High119.8
P/B Ratio
↑
N/A
—
5yr avg: 61.94
30Y Low1.8·High100.0
ROE
↑
N/A
—
5yr avg: 178.6%
30Y Low-47%·High238%
Debt/EBITDA
↓
3.85
+3% vs avg
5yr avg: 3.75
30Y Low0.6·High19.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MAR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Marriott International, Inc. trades at 41.7x earnings, 32% above its 5-year average of 31.7x, sitting at the 93rd percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a premium of 97%. On a free-cash-flow basis, the stock trades at 40.1x P/FCF, 14% above the 5-year average of 35.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $104.5B | $83.6B | $79.6B | $68.3B | $48.5B | $54.4B | $43.0B | $50.8B | $38.5B | $51.6B | $24.1B |
| Enterprise Value | $121.2B | $100.3B | $94.4B | $80.7B | $59.1B | $64.3B | $53.3B | $62.4B | $47.5B | $59.4B | $31.7B |
| P/E Ratio → | 41.75 | 32.69 | 33.49 | 22.15 | 20.56 | 49.47 | — | 39.96 | 21.29 | 35.35 | 30.29 |
| P/S Ratio | 3.99 | 3.19 | 3.17 | 2.88 | 2.34 | 3.93 | 4.07 | 2.42 | 1.85 | 2.52 | 1.56 |
| P/B Ratio | — | — | — | — | 85.40 | 38.48 | 99.95 | 72.27 | 17.28 | 14.40 | 1.85 |
| P/FCF | 40.06 | 32.05 | 39.80 | 25.13 | 23.88 | 54.74 | 28.58 | 49.23 | 21.35 | 25.95 | 16.94 |
| P/OCF | 32.53 | 26.02 | 28.94 | 21.55 | 20.53 | 46.23 | 26.22 | 30.15 | 16.31 | 23.15 | 14.86 |
P/E links to full P/E history page with 30-year chart
MAR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Marriott International, Inc.'s enterprise value stands at 27.3x EBITDA, 24% above its 5-year average of 22.1x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 124% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.83 | 3.76 | 3.40 | 2.85 | 4.64 | 5.04 | 2.98 | 2.29 | 2.91 | 2.06 |
| EV / EBITDA | 27.30 | 22.60 | 22.16 | 18.77 | 15.30 | 31.42 | 94.84 | 28.33 | 17.92 | 21.35 | 20.03 |
| EV / EBIT | 29.27 | 23.94 | 24.54 | 20.47 | 16.80 | 40.16 | — | 31.31 | 17.68 | 18.17 | 21.52 |
| EV / FCF | — | 38.46 | 47.22 | 29.70 | 29.10 | 64.64 | 35.44 | 60.47 | 26.36 | 29.90 | 22.32 |
MAR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Marriott International, Inc. earns an operating margin of 15.8%, above the Consumer Cyclical sector average of 2.0%. ROIC of 25.0% represents excellent returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.3% | 21.3% | 20.3% | 21.6% | 21.9% | 20.2% | 13.8% | 15.3% | 17.7% | 18.6% | 17.3% |
| Operating Margin | 15.8% | 15.8% | 15.0% | 16.3% | 16.7% | 12.6% | 0.8% | 8.6% | 11.4% | 12.2% | 9.2% |
| Net Profit Margin | 9.9% | 9.9% | 9.5% | 13.0% | 11.4% | 7.9% | -2.5% | 6.1% | 9.2% | 7.1% | 5.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | 237.9% | 119.2% | -47.1% | 87.0% | 65.7% | 17.6% | 17.2% |
| ROA | 9.7% | 9.7% | 9.2% | 12.2% | 9.4% | 4.4% | -1.1% | 5.2% | 8.0% | 6.1% | 5.3% |
| ROIC | 25.0% | 25.0% | 23.9% | 25.3% | 23.2% | 11.9% | 0.5% | 11.5% | 15.6% | 11.7% | 10.1% |
| ROCE | 22.6% | 22.6% | 21.3% | 21.8% | 18.9% | 9.2% | 0.5% | 10.1% | 13.4% | 13.5% | 13.0% |
MAR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Marriott International, Inc. carries a Debt/EBITDA ratio of 3.8x, which is moderately leveraged (19% below the sector average of 4.8x). Net debt stands at $16.7B ($17.1B total debt minus $358M cash). Interest coverage of 5.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 19.54 | 7.95 | 26.04 | 16.82 | 4.20 | 2.30 | 0.65 |
| Debt / EBITDA | 3.85 | 3.85 | 3.58 | 2.97 | 2.87 | 5.49 | 19.93 | 5.37 | 3.53 | 2.96 | 5.37 |
| Net Debt / Equity | — | — | — | — | 18.65 | 6.96 | 24.00 | 16.50 | 4.06 | 2.19 | 0.59 |
| Net Debt / EBITDA | 3.77 | 3.77 | 3.49 | 2.89 | 2.74 | 4.81 | 18.37 | 5.26 | 3.41 | 2.82 | 4.83 |
| Debt / FCF | — | 6.41 | 7.43 | 4.57 | 5.21 | 9.90 | 6.86 | 11.24 | 5.01 | 3.95 | 5.39 |
| Interest Coverage | 5.18 | 5.18 | 5.53 | 6.98 | 8.73 | 3.81 | -0.05 | 5.06 | 7.90 | 11.35 | 6.29 |
MAR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.43x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.43 | 0.43 | 0.40 | 0.43 | 0.45 | 0.57 | 0.49 | 0.47 | 0.42 | 0.47 | 0.65 |
| Quick Ratio | 0.43 | 0.43 | 0.40 | 0.43 | 0.45 | 0.57 | 0.49 | 0.47 | 0.42 | 0.47 | 0.51 |
| Cash Ratio | 0.04 | 0.04 | 0.05 | 0.04 | 0.07 | 0.22 | 0.15 | 0.03 | 0.05 | 0.07 | 0.17 |
| Asset Turnover | — | 0.95 | 0.96 | 0.92 | 0.84 | 0.54 | 0.43 | 0.84 | 0.88 | 0.85 | 0.64 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | 16.85 |
| Days Sales Outstanding | — | 40.55 | 40.64 | 41.74 | 45.17 | 52.21 | 61.05 | 41.68 | 37.51 | 35.21 | 40.16 |
MAR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Marriott International, Inc. returns 3.8% to shareholders annually — split between a 0.7% dividend yield and 3.2% buyback yield. The payout ratio of 27.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | 0.9% | 0.9% | 0.9% | 0.7% | — | 0.4% | 1.2% | 1.4% | 0.9% | 1.6% |
| Payout Ratio | 27.6% | 27.6% | 28.7% | 19.0% | 13.6% | — | — | 48.1% | 28.5% | 33.0% | 46.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.4% | 3.1% | 3.0% | 4.5% | 4.9% | 2.0% | — | 2.5% | 4.7% | 2.8% | 3.3% |
| FCF Yield | 2.5% | 3.1% | 2.5% | 4.0% | 4.2% | 1.8% | 3.5% | 2.0% | 4.7% | 3.9% | 5.9% |
| Buyback Yield | 3.2% | 3.9% | 4.7% | 5.8% | 5.3% | 0.0% | 0.3% | 4.4% | 7.4% | 5.8% | 2.4% |
| Total Shareholder Yield | 3.8% | 4.8% | 5.6% | 6.6% | 6.0% | 0.0% | 0.7% | 5.7% | 8.8% | 6.8% | 3.9% |
| Shares Outstanding | — | $269M | $285M | $303M | $326M | $329M | $326M | $336M | $354M | $380M | $291M |
Peer Comparison
Compare MAR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MARYou | $104B | 41.7 | 27.3 | 40.1 | 21.3% | 15.8% | — | 25.0% | 3.8 |
 HLT | $79B | 57.0 | 32.8 | 39.2 | 41.1% | 22.4% | — | 24.7% | 5.5 |
 IHG | $26B | 35.1 | 21.7 | 29.6 | 32.0% | 23.1% | — | 159.6% | 3.4 |
 H | $19B | -374.2 | 26.3 | 121.4 | 11.2% | 7.8% | -1.4% | 5.8% | 5.4 |
 WH | $6B | 34.1 | 19.9 | 19.7 | 58.9% | 28.4% | 34.5% | 9.4% | 6.5 |
 CHH | $5B | 14.6 | 13.0 | 42.2 | 40.9% | 28.4% | 544.2% | 16.7% | 3.8 |
 VAC | $3B | -11.1 | 11.9 | — | 15.1% | 11.0% | -13.9% | 5.7% | 8.2 |
 TNL | $5B | 22.3 | 11.2 | 9.2 | 27.2% | 17.8% | — | 13.0% | 5.8 |
 HGV | $4B | 59.2 | 13.3 | 18.6 | 56.7% | 11.1% | 4.9% | 5.0% | 8.8 |
 SHO | $2B | 281.6 | 14.5 | 28.2 | 4.7% | 7.8% | 1.2% | 2.0% | 4.4 |
 PK | $3B | -10.4 | 12.4 | 29.0 | 2.0% | 8.9% | -8.5% | 2.2% | 7.6 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
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MAR — Frequently Asked Questions
Quick answers to the most common questions about buying MAR stock.
What is Marriott International, Inc.'s P/E ratio?
Marriott International, Inc.'s current P/E ratio is 41.7x. The historical average is 27.8x. This places it at the 93th percentile of its historical range.
What is Marriott International, Inc.'s EV/EBITDA?
Marriott International, Inc.'s current EV/EBITDA is 27.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.6x.
Is MAR stock overvalued?
Based on historical data, Marriott International, Inc. is trading at a P/E of 41.7x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Marriott International, Inc.'s dividend yield?
Marriott International, Inc.'s current dividend yield is 0.67% with a payout ratio of 27.6%.
What are Marriott International, Inc.'s profit margins?
Marriott International, Inc. has 21.3% gross margin and 15.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Marriott International, Inc. have?
Marriott International, Inc.'s Debt/EBITDA ratio is 3.8x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.