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Marriott International, Inc. engages in the operation, franchise, and licensing of hotel, residential, timeshare, and other lodging properties in the U.S. & Canada, Europe, Middle East & Africa, Greater China, and Asia Pacific, and internationally. It operates properties under JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin, Autograph Collection, Renaissance Hotels, Le Méridien, Delta Hotels by Marriott, MGM Collection with Marriott Bonvoy, Tribute Portfolio, Gaylord Hotels, Design Hotels, Marriott Executive Apartments, Apartments by Marriott Bonvoy, Courtyard by Marriott, Fairfield by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Four Points by Sheraton, TownePlace Suites by Marriott, Aloft Hotels, AC Hotels by Marriott, Moxy Hotels, Element Hotels, Protea Hotels by Marriott, citizen, City Express by Marriott, and Four Points Flex by Sheraton brand names, as well as operates residences, timeshares, and yachts. The company was founded in 1927 and is headquartered in Bethesda, Maryland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $26.2B | $4.8B | $2.6B | $2.6B | -69.0% | 4.3% | 9.5% |
| 2024 | $25.1B | $4.3B | $2.4B | $2.0B | -79.4% | 5.8% | -23.0% |
| 2023 | $23.7B | $4.4B | $3.1B | $2.7B | -452.1% | 14.2% | 30.7% |
| 2022 | $20.8B | $3.9B | $2.4B | $2.0B | 415.1% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 20,773 | 23,713 | 25,100 | 26,186 |
| Cost Of Revenue | - | 16,215 | 18,733 | 20,128 | 20,964 |
| Gross Profit | - | 4,558 | 4,980 | 4,972 | 5,222 |
| Operating Expense | - | 1,084 | 1,056 | 1,128 | 1,083 |
| Operating Income | - | 3,474 | 3,924 | 3,844 | 4,139 |
| EBITDA | - | 3,917 | 4,379 | 4,338 | 4,802 |
| EBIT | - | 3,517 | 3,943 | 3,846 | 4,203 |
| Pretax Income | - | 3,114 | 3,378 | 3,151 | 3,394 |
| Tax Provision | - | 756 | 295 | 776 | 793 |
| Net Income | - | 2,358 | 3,083 | 2,375 | 2,601 |
| Net Income Common Stockholders | - | 2,358 | 3,083 | 2,375 | 2,601 |
| Total Expenses | - | 17,299 | 19,789 | 21,256 | 22,047 |
| Interest Expense | - | 403 | 565 | 695 | 809 |
| Interest Income | - | 26 | 30 | 40 | 42 |
| Selling General And Administration | - | 891 | 867 | 945 | 870 |
| Normalized EBITDA | - | 3,929 | 4,439 | 4,415 | 4,800 |
| Normalized Income | - | 2,367.08 | 3,137.78 | 2,433.06 | 2,599.47 |
| Market Cap | 97,289.08 | 97,289.08 | 97,289.08 | 97,289.08 | 97,289.08 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Marriott International, Inc.this co. | MAR | $100.2B | 37.40↑ premium | -25.80 | -69.0% | 23.74 |
| Lowe's Companies, Inc. | LOW | $137.0B | 20.58 | -13.81 | -67.1% | 14.49 |
| Starbucks Corporation | SBUX | $112.2B | 60.56 | -13.88 | -22.9% | 28.17 |
| MercadoLibre, Inc. | MELI | $93.0B | 46.59 | 13.79 | 29.6% | 26.38 |
| Airbnb, Inc. | ABNB |
| - |
| - |
| - |
| - |
| - |
| - |
| $87.5B |
| 34.10 |
| 10.44 |
| 30.6% |
| 31.89 |
| O'Reilly Automotive, Inc. | ORLY | $79.3B | 30.77 | -102.30 | -332.5% | 21.67 |
| Hilton Worldwide Holdings Inc. | HLT | $79.1B | 52.82 | -14.28 | -27.0% | 31.07 |
| Royal Caribbean Cruises Ltd. | RCL | $72.1B | 16.85 | 7.17 | 42.5% | 13.15 |
| NIKE, Inc. | NKE | $66.3B | 20.56 | 5.01 | 24.4% | 15.46 |
| Peer Median | - | 32.43 | -4.40 | 0.7% | 24.02 | |