M

MARRIOTT INTERNATIONAL INC /MD/

MAR · CIK 0001048286

19 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$26.19B4.3%
FY2025
Net income (FY)
$2.60B9.5%
FY2025
Free cash flow (FY)
$2.61B30.5%
FY2025
Diluted EPS (FY)
$9.5114.2%
FY2025
The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2007 · Revenue $12.99B · Net income $696.0M · 0001193125-10-030603 · filed 2010-02-12FY07Revenue $12.99BNet income $696.0M0001193125-10-030603 · filed 2010-02-12FY2008 · Revenue $12.88B · Net income $362.0M · 0001193125-11-039869 · filed 2011-02-18FY08Revenue $12.88BNet income $362.0M0001193125-11-039869 · filed 2011-02-18FY2009 · Revenue $10.91B · Net income −$346.0M · 0001445305-12-000342 · filed 2012-02-16FY09Revenue $10.91BNet income −$346.0M0001445305-12-000342 · filed 2012-02-16FY2010 · Revenue $11.69B · Net income $458.0M · 0001445305-13-000255 · filed 2013-02-20FY10Revenue $11.69BNet income $458.0M0001445305-13-000255 · filed 2013-02-20FY2011 · Revenue $12.32B · Net income $198.0M · 0001445305-14-000495 · filed 2014-02-20FY11Revenue $12.32BNet income $198.0M0001445305-14-000495 · filed 2014-02-20FY2012 · Revenue $11.81B · Net income $571.0M · 0001628280-15-000842 · filed 2015-02-19FY12Revenue $11.81BNet income $571.0M0001628280-15-000842 · filed 2015-02-19FY2013 · Revenue $12.78B · Net income $626.0M · 0001628280-16-011346 · filed 2016-02-18FY13Revenue $12.78BNet income $626.0M0001628280-16-011346 · filed 2016-02-18FY2014 · Revenue $13.80B · Net income $753.0M · 0001628280-17-001506 · filed 2017-02-21FY14Revenue $13.80BNet income $753.0M0001628280-17-001506 · filed 2017-02-21FY2015 · Revenue $14.49B · Net income $859.0M · 0001628280-18-001756 · filed 2018-02-15FY15Revenue $14.49BNet income $859.0M0001628280-18-001756 · filed 2018-02-15FY2016 · Revenue $15.41B · Net income $808.0M · 0001628280-19-002337 · filed 2019-03-01FY16Revenue $15.41BNet income $808.0M0001628280-19-002337 · filed 2019-03-01FY2017 · Revenue $20.45B · Net income $1.46B · 0001628280-20-002376 · filed 2020-02-27FY17Revenue $20.45BNet income $1.46B0001628280-20-002376 · filed 2020-02-27FY2018 · Revenue $20.76B · Net income $1.91B · 0001628280-21-002433 · filed 2021-02-18FY18Revenue $20.76BNet income $1.91B0001628280-21-002433 · filed 2021-02-18FY2019 · Revenue $20.97B · Net income $1.27B · 0001628280-22-002666 · filed 2022-02-15FY19Revenue $20.97BNet income $1.27B0001628280-22-002666 · filed 2022-02-15FY2020 · Revenue $10.57B · Net income −$267.0M · 0001628280-23-003485 · filed 2023-02-14FY20Revenue $10.57BNet income −$267.0M0001628280-23-003485 · filed 2023-02-14FY2021 · Revenue $13.86B · Net income $1.10B · 0001628280-24-004372 · filed 2024-02-13FY21Revenue $13.86BNet income $1.10B0001628280-24-004372 · filed 2024-02-13FY2022 · Revenue $20.77B · Net income $2.36B · 0001628280-25-004818 · filed 2025-02-11FY22Revenue $20.77BNet income $2.36B0001628280-25-004818 · filed 2025-02-11FY2023 · Revenue $23.71B · Net income $3.08B · 0001048286-26-000007 · filed 2026-02-10FY23Revenue $23.71BNet income $3.08B0001048286-26-000007 · filed 2026-02-10FY2024 · Revenue $25.10B · Net income $2.38B · 0001048286-26-000007 · filed 2026-02-10FY24Revenue $25.10BNet income $2.38B0001048286-26-000007 · filed 2026-02-10FY2025 · Revenue $26.19B · Net income $2.60B · 0001048286-26-000007 · filed 2026-02-10FY25Revenue $26.19BNet income $2.60B0001048286-26-000007 · filed 2026-02-10FY25Revenue $26.19BNet income $2.60B0001048286-26-000007 · filed 2026-02-10FY07FY10FY13FY16FY19FY22FY25

revenue 2.0× since FY2007 · net margin 5.4% → 9.9%

MarginsNet marginFCF margin
0%5%10%15%FY2007 · Net margin 5.4% · FCF margin 0.8%FY07Net margin 5.4%FCF margin 0.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2008 · Net margin 2.8% · FCF margin 2.2%FY08Net margin 2.8%FCF margin 2.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin -3.2% · FCF margin 6.6%FY09Net margin -3.2%FCF margin 6.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 3.9% · FCF margin 7.2%FY10Net margin 3.9%FCF margin 7.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 1.6% · FCF margin 7.4%FY11Net margin 1.6%FCF margin 7.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 4.8% · FCF margin 4.7%FY12Net margin 4.8%FCF margin 4.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 4.9% · FCF margin 6.6%FY13Net margin 4.9%FCF margin 6.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 5.5% · FCF margin 5.9%FY14Net margin 5.5%FCF margin 5.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 5.9% · FCF margin 8.4%FY15Net margin 5.9%FCF margin 8.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 5.2% · FCF margin 9.2%FY16Net margin 5.2%FCF margin 9.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 7.1% · FCF margin 9.7%FY17Net margin 7.1%FCF margin 9.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 9.2% · FCF margin 8.7%FY18Net margin 9.2%FCF margin 8.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 6.1% · FCF margin 4.9%FY19Net margin 6.1%FCF margin 4.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -2.5% · FCF margin 14.2%FY20Net margin -2.5%FCF margin 14.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 7.9% · FCF margin 7.2%FY21Net margin 7.9%FCF margin 7.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 11.4% · FCF margin 9.8%FY22Net margin 11.4%FCF margin 9.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 13.0% · FCF margin 11.5%FY23Net margin 13.0%FCF margin 11.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 9.5% · FCF margin 8.0%FY24Net margin 9.5%FCF margin 8.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 9.9% · FCF margin 10.0%FY25Net margin 9.9%FCF margin 10.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 9.9%FCF margin 10.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 9.9% · free cash flow 10.0% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2B$3BFY2007 · OCF $778.0M · FCF $107.0M · 0001193125-10-030603 · filed 2010-02-12FY07OCF $778.0MFCF $107.0M0001193125-10-030603 · filed 2010-02-12FY2008 · OCF $641.0M · FCF $284.0M · 0001193125-11-039869 · filed 2011-02-18FY08OCF $641.0MFCF $284.0M0001193125-11-039869 · filed 2011-02-18FY2009 · OCF $868.0M · FCF $721.0M · 0001445305-12-000342 · filed 2012-02-16FY09OCF $868.0MFCF $721.0M0001445305-12-000342 · filed 2012-02-16FY2010 · OCF $1.15B · FCF $844.0M · 0001445305-13-000255 · filed 2013-02-20FY10OCF $1.15BFCF $844.0M0001445305-13-000255 · filed 2013-02-20FY2011 · OCF $1.09B · FCF $906.0M · 0001445305-14-000495 · filed 2014-02-20FY11OCF $1.09BFCF $906.0M0001445305-14-000495 · filed 2014-02-20FY2012 · OCF $989.0M · FCF $552.0M · 0001628280-15-000842 · filed 2015-02-19FY12OCF $989.0MFCF $552.0M0001628280-15-000842 · filed 2015-02-19FY2013 · OCF $1.14B · FCF $844.0M · 0001628280-16-011346 · filed 2016-02-18FY13OCF $1.14BFCF $844.0M0001628280-16-011346 · filed 2016-02-18FY2014 · OCF $1.22B · FCF $813.0M · 0001628280-17-001506 · filed 2017-02-21FY14OCF $1.22BFCF $813.0M0001628280-17-001506 · filed 2017-02-21FY2015 · OCF $1.51B · FCF $1.21B · 0001628280-18-001756 · filed 2018-02-15FY15OCF $1.51BFCF $1.21B0001628280-18-001756 · filed 2018-02-15FY2016 · OCF $1.62B · FCF $1.42B · 0001628280-19-002337 · filed 2019-03-01FY16OCF $1.62BFCF $1.42B0001628280-19-002337 · filed 2019-03-01FY2017 · OCF $2.23B · FCF $1.99B · 0001628280-20-002376 · filed 2020-02-27FY17OCF $2.23BFCF $1.99B0001628280-20-002376 · filed 2020-02-27FY2018 · OCF $2.36B · FCF $1.80B · 0001628280-21-002433 · filed 2021-02-18FY18OCF $2.36BFCF $1.80B0001628280-21-002433 · filed 2021-02-18FY2019 · OCF $1.69B · FCF $1.03B · 0001628280-22-002666 · filed 2022-02-15FY19OCF $1.69BFCF $1.03B0001628280-22-002666 · filed 2022-02-15FY2020 · OCF $1.64B · FCF $1.50B · 0001628280-23-003485 · filed 2023-02-14FY20OCF $1.64BFCF $1.50B0001628280-23-003485 · filed 2023-02-14FY2021 · OCF $1.18B · FCF $994.0M · 0001628280-24-004372 · filed 2024-02-13FY21OCF $1.18BFCF $994.0M0001628280-24-004372 · filed 2024-02-13FY2022 · OCF $2.36B · FCF $2.03B · 0001628280-25-004818 · filed 2025-02-11FY22OCF $2.36BFCF $2.03B0001628280-25-004818 · filed 2025-02-11FY2023 · OCF $3.17B · FCF $2.72B · 0001048286-26-000007 · filed 2026-02-10FY23OCF $3.17BFCF $2.72B0001048286-26-000007 · filed 2026-02-10FY2024 · OCF $2.75B · FCF $2.00B · 0001048286-26-000007 · filed 2026-02-10FY24OCF $2.75BFCF $2.00B0001048286-26-000007 · filed 2026-02-10FY2025 · OCF $3.21B · FCF $2.61B · 0001048286-26-000007 · filed 2026-02-10FY25OCF $3.21BFCF $2.61B0001048286-26-000007 · filed 2026-02-10FY25OCF $3.21BFCF $2.61B0001048286-26-000007 · filed 2026-02-10’09’13’17’21’25

FY2025: $3.21B operating cash − $604.0M capex = $2.61B free cash flow

Returns on capitalReturn on equityReturn on assets
-500%0%FY2008 · ROE 26.2% · ROA 4.1%FY08ROE 26.2%ROA 4.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2009 · ROE -30.3% · ROA -4.4%FY09ROE -30.3%ROA -4.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 28.9% · ROA 5.1%FY10ROE 28.9%ROA 5.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE -25.4% · ROA 3.4%FY11ROE -25.4%ROA 3.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE -44.4% · ROA 9.0%FY12ROE -44.4%ROA 9.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE -44.2% · ROA 9.2%FY13ROE -44.2%ROA 9.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE -34.2% · ROA 11.0%FY14ROE -34.2%ROA 11.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE -23.9% · ROA 14.1%FY15ROE -23.9%ROA 14.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 15.1% · ROA 3.3%FY16ROE 15.1%ROA 3.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 40.7% · ROA 6.1%FY17ROE 40.7%ROA 6.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 85.7% · ROA 8.0%FY18ROE 85.7%ROA 8.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 181.1% · ROA 5.1%FY19ROE 181.1%ROA 5.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -62.1% · ROA -1.1%FY20ROE -62.1%ROA -1.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 77.7% · ROA 4.3%FY21ROE 77.7%ROA 4.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 415.1% · ROA 9.5%FY22ROE 415.1%ROA 9.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -452.1% · ROA 12.0%FY23ROE -452.1%ROA 12.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE -79.4% · ROA 9.1%FY24ROE -79.4%ROA 9.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE -69.0% · ROA 9.4%FY25ROE -69.0%ROA 9.4%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE -69.0%ROA 9.4%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 26% (FY2008) → -69% (FY2025) · on assets 9.4%

The receipts