Marriott International (MAR) stock
Consumer Discretionary · Hotels, Resorts & Cruise Lines
Marriott International (MAR) is a Hotels, Resorts & Cruise Lines company in the Consumer Discretionary sector, headquartered in Bethesda, Maryland. As of October 23, 2026, MAR closed at $390.71, a market capitalization of $101.88 billion, the 118th largest company in the S&P 500. Over the last twelve months it generated $7.38 billion in revenue (+11% year over year) and $3.13 billion in free cash flow. The stock trades at 40.4x trailing earnings and 29.7x forward earnings.
- 1-year total return: +46.1% (dividends reinvested)
- 5-year return: +21.4% a year
- 52-week range: $256.76 – $410.98
- Gross margin 79.2%, operating margin 65.3%
- Dividend yield: 0.75%, 3 straight years of increases
- FI Handbook report card: B- across 9 metrics
- 10th largest of 47 Consumer Discretionary stocks in the S&P 500
MAR price chart
1Y price change: +44.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| MAR | +11.1% | +26.7% | +46.1% | +28.7% | +21.4% | +20.3% | +12.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1998.
MAR key statistics
- Market cap
- $101.9B
- #118 in S&P 500
- P/E (TTM)
- 40.4x
- Forward P/E
- 29.7x
- EPS (TTM)
- $9.66
- Revenue (TTM)
- $7.4B
- +11%
- Free cash flow
- $3.1B
- Gross margin
- 79.2%
- Operating margin
- 65.3%
- Return on equity
- —
- Dividend yield
- 0.75%
- 52-week range
- $256.76 – $410.98
- Beta
- 1.17
- Price / sales
- 13.8x
- EV / EBITDA
- 24.8x
- Debt / equity
- —
- Employees
- 414,000
MAR report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth11.1%B
- Gross margin79.2%A
- Operating margin65.3%A
- FCF margin42.4%A
- Return on equity——
- Net debt / EBITDA3.6xF
- Forward P/E29.7xD
- PEG ratio1.9xC
- Shareholder yield4.0%B
- Share count change / yr-3.4%A
Marriott International financials
Revenue went from $15.4B in fiscal 2016 to $26.2B in fiscal 2025, growing 6.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.4B | $20.5B | $20.8B | $21.0B | $10.6B | $13.9B | $20.8B | $23.7B | $25.1B | $26.2B |
| Operating income | $1.4B | $2.5B | $2.4B | $1.8B | $84.0M | $1.8B | $3.5B | $3.9B | $3.8B | $4.1B |
| Net income | $808.0M | $1.5B | $1.9B | $1.3B | -$267.0M | $1.1B | $2.4B | $3.1B | $2.4B | $2.6B |
| EPS (diluted) | $2.73 | $3.84 | $5.38 | $3.80 | $-0.82 | $3.34 | $7.24 | $10.18 | $8.33 | $9.51 |
| Free cash flow | $1.4B | $2.0B | $1.8B | $1.0B | $1.5B | $994.0M | $2.0B | $2.7B | $2.0B | $2.6B |
| Buybacks | $568.0M | $3.0B | $2.9B | $2.3B | $150.0M | $0 | $2.6B | $4.0B | $3.8B | $3.3B |
| Dividends paid | $374.0M | $482.0M | $543.0M | $612.0M | $156.0M | $0 | $321.0M | $587.0M | $682.0M | $718.0M |
| Diluted shares | 295.7M | 379.9M | 354.2M | 335.5M | 325.8M | 329.3M | 325.8M | 302.9M | 285.2M | 273.6M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into MAR?
A reverse DCF asks what growth the current price requires. With an enterprise value of $119.2B and $3.1B of trailing free cash flow, Marriott International needs to grow free cash flow about 27.2% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 11.6% a year over the last five years.
P/E ratio history
Current 41.1x vs. median 28.5x (10th–90th percentile 21.9x–47.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
MAR dividend
- Dividend yield
- 0.75%
- Annual dividend
- $2.92
- Years of increases
- 3
- 5-yr dividend growth
- 7.4%
- per year
- Payout ratio
- 28%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
MAR analyst price targets
26 analysts' average 12-month target is $386.81 (-1% vs. $390.71). Targets range from $280.00 to $429.00. 48% rate it a buy.
MAR earnings
Next report: November 2, 2026. Marriott International has beaten EPS estimates 2 quarters in a row. Last quarter's revenue was $7.1B (+5% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 3, 2026 | $3.08 | $3.19 | +3.6% |
| May 6, 2026 | $2.55 | $2.72 | +6.5% |
| Feb 10, 2026 | $2.62 | $2.58 | -1.5% |
| Nov 4, 2025 | $2.39 | $2.47 | +3.5% |
| Aug 5, 2025 | $2.62 | $2.65 | +1.1% |
| May 6, 2025 | $2.25 | $2.32 | +3.0% |
| Feb 11, 2025 | $2.38 | $2.45 | +2.7% |
| Nov 4, 2024 | $2.31 | $2.26 | -2.0% |
Stocks like MAR
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 BKNG Booking Holdings Inc. Common St | -3.27% | -23% | $117.1B | 17.3x | Compare |
 ABNB Airbnb | -2.13% | +35% | $103.0B | 39.2x | Compare |
 HLT Hilton Worldwide | -2.36% | +31% | $78.7B | 51.3x | Compare |
 RCL Royal Caribbean Cruises | -3.37% | -11% | $73.9B | 17.1x | Compare |
 CCL Carnival | -3.58% | -10% | $35.1B | 11.5x | Compare |
 EXPE Expedia | -3.18% | +35% | $34.7B | 18.1x | Compare |
 NCLH Norwegian Cruise Line | -2.83% | -36% | $6.9B | 9.3x | Compare |
 AMZN Amazon.com | -0.95% | +12% | $2.7T | 20.0x | Compare |
MAR news
- Marriott International (MAR) Just Flashed Golden Cross Signal: Do You Buy? · Oct 23, 2026
- Will Marriott (MAR) Beat Estimates Again in Its Next Earnings Report? · Oct 22, 2026
- Revisiting Former Stock Picks Marriott, Logitech, Harmony Biosciences · Oct 22, 2026
- AI-Agent Era Sparks a New Trade for Travel Stocks: Buy Hotels, Sell Online Agencies · Oct 21, 2026
- Vishal Thakkar’s Endeavor snags Midway hotels discount as RLJ Lodging sells for $68M · Oct 25, 2026
MAR stock FAQ
What is MAR's market cap?
Marriott International's market capitalization is $101.88 billion as of October 23, 2026, ranking 118th in the S&P 500.
What is MAR's P/E ratio?
MAR trades at a trailing price-to-earnings ratio of 40.4x and a forward P/E of 29.7x. Its median P/E over the period we track is 28.5x.
Does MAR pay a dividend?
Yes. Marriott International pays $2.92 per share a year, a 0.75% yield. It has raised its dividend 3 years in a row. Dividends grew 7.4% a year over the last five years.
How much has MAR stock returned?
Including reinvested dividends, MAR returned +46.1% over one year, +21.4% a year over five years, +20.3% a year over ten years through October 23, 2026.
Is MAR stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Marriott International must grow free cash flow about 27% a year for the next decade. Its free cash flow grew 12% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the MAR price target?
26 analysts cover MAR with an average 12-month price target of $386.81, -1% from the current price. 48% of them rate it a buy.
When does MAR report earnings?
Marriott International is expected to report earnings on November 2, 2026. It has beaten EPS estimates 2 quarters in a row.
How many employees does Marriott International have?
Marriott International has about 414,000 full-time employees, or $17,838 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology