MAR (Marriott International, Inc.) Stock Financials & Earnings | Market Cap Arena

MARMarriott International, Inc.

Mkt Cap$87B

Consumer Cyclical·Travel Lodging·🇺🇸 United States·NASDAQ

Revenue (TTM)$26.2B

Net Income (TTM)$2.6B

EPS (TTM)$9.49

Free Cash Flow (TTM)$2.9B

Gross Margin21.3%

Op. Margin15.8%

Net Margin9.9%

FCF Margin11.1%

P/S Ratio (TTM)3.3x

P/E Ratio (TTM)33.3x

YoY Rev Growth+4.3%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$5.6B	$1.2B	$951M
Q2 23	$6.1B	$1.4B	$1.1B
Q3 23	$5.9B	$1.4B	$1.1B
Q4 23	$6.1B	$1.1B	$718M
Q1 24	$6.0B	$1.2B	$876M
Q2 24	$6.4B	$1.5B	$1.2B
Q3 24	$6.3B	$1.3B	$944M
Q4 24	$6.4B	$1.1B	$752M
Q1 25	$6.3B	$1.2B	$948M
Q2 25	$6.7B	$1.8B	$1.2B
Q3 25	$6.5B	$1.4B	$1.2B
Q4 25	$6.7B	$1.1B	$777M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	3.9x	31.6x
Q2 23	3.8x	31.1x
Q3 23	3.7x	29.8x
Q4 23	3.6x	28.1x
Q1 24	3.6x	29.9x
Q2 24	3.5x	29.5x
Q3 24	3.5x	31.3x
Q4 24	3.4x	36.4x
Q1 25	3.4x	35.0x
Q2 25	3.4x	35.1x
Q3 25	3.3x	33.1x
Q4 25	3.3x	33.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$887M	$792M
Q2 23	$651M	$552M
Q3 23	$881M	$757M
Q4 23	$751M	$617M
Q1 24	$779M	$670M
Q2 24	$772M	$647M
Q3 24	$880M	$706M
Q4 24	$318M	-$24M
Q1 25	$647M	$512M
Q2 25	$643M	$778M
Q3 25	$1.1B	$951M
Q4 25	$829M	$657M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$95M
Q2 23	$99M
Q3 23	$124M
Q4 23	$134M
Q1 24	$109M
Q2 24	$125M
Q3 24	$174M
Q4 24	$342M
Q1 25	$135M
Q2 25	$135M
Q3 25	$142M
Q4 25	$172M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+33.7%	+28.1%
Q2 23	+13.8%	+13.5%
Q3 23	+11.6%	+10.9%
Q4 23	+2.9%	+9.1%
Q1 24	+6.4%	+9.4%
Q2 24	+6.0%	+5.3%
Q3 24	+5.5%	+10.0%
Q4 24	+5.5%	+5.6%
Q1 25	+4.8%	+4.2%
Q2 25	+4.7%	+5.0%
Q3 25	+3.7%	-0.0%
Q4 25	+4.1%	+4.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$37M	0.7%
Q2 23	$56M	0.9%
Q3 23	$54M	0.9%
Q4 23	$58M	1.0%
Q1 24	$53M	0.9%
Q2 24	$57M	0.9%
Q3 24	$63M	1.0%
Q4 24	$64M	1.0%
Q1 25	$52M	0.8%
Q2 25	$58M	0.9%
Q3 25	$61M	0.9%
Q4 25	$65M	1.0%

OpEx Breakdown

Quarter	G&A
Q1 23	$202M
Q2 23	$240M
Q3 23	$239M
Q4 23	$330M
Q1 24	$261M
Q2 24	$248M
Q3 24	$276M
Q4 24	$289M
Q1 25	$245M
Q2 25	$245M
Q3 25	$234M
Q4 25	$241M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$554M	$0	$554M
Q2 23	$563M	$0	$563M
Q3 23	$717M	$0	$717M
Q4 23	$338M	$0	$338M
Q1 24	$429M	$0	$429M
Q2 24	$349M	$0	$349M
Q3 24	$394M	$0	$394M
Q4 24	$396M	$0	$396M
Q1 25	$523M	$0	$523M
Q2 25	$671M	$0	$671M
Q3 25	$678M	$0	$678M
Q4 25	$358M	$0	$358M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	311M	-2.2%
Q2 23	305M	-1.9%
Q3 23	300M	-1.6%
Q4 23	296M	-1.5%
Q1 24	292M	-1.4%
Q2 24	287M	-1.7%
Q3 24	282M	-1.8%
Q4 24	280M	-0.5%
Q1 25	278M	-0.9%
Q2 25	274M	-1.2%
Q3 25	273M	-0.7%
Q4 25	269M	-1.2%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$112K	124K
FY 15	$114K	128K
FY 16	$68K	227K
FY 17	$116K	177K
FY 18	$118K	176K
FY 19	$121K	174K
FY 20	$87K	121K
FY 21	$115K	120K
FY 22	$148K	140K
FY 23	$160K	148K
FY 24	$162K	155K
FY 25	$177K	148K

MAR (Marriott International, Inc.) Stock Financials & Earnings | Market Cap Arena