MAR
Marriott International, Inc.
MAR's fundamentals are mixed, but it looks expensive: trading at 42x earnings, above its usual 31x. Analysts expect earnings growth.
MAR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Unavailable |
MAR's profitability and cash flow are currently healthy, and its revenue is stable. There isn't enough data to rate its balance sheet.
MAR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 23x | $235 | -45% |
| Fair | 31x | $306 | -28% |
| Forward | 33x | $425 | — |
| Current | 42x | $425 | — |
| Expensive | 53x | $529 | +24% |
Historical ranges are pointers, not guarantees.
MAR's PE is in its expensive range at 42x. If earnings grow as analysts expect, today's price would be 33x next year's earnings, in its fair range.
MAR Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for MAR, with profitability improving.
MAR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $12.98 | +29% |
| Q3 2026 | $10.04 | +5.9% |
| Q2 2026 | $9.67 | +8.9% |
| Q1 2026 | $9.55 | +8.6% |
| Q4 2025 | $9.51 | +14% |
| Q3 2025 | $9.48 | -0.7% |
| Q2 2025 | $8.88 | -11% |
| Q1 2025 | $8.79 | -9.2% |
| Q4 2024 | $8.33 | -18% |
MAR earned $10.04 per share over the past year, up 5.9% from the year before.
MAR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7B | +8% |
| Q2 2026 | $7.1B | +4.8% |
| Q1 2026 | $6.7B | +6.2% |
| Q4 2025 | $6.7B | +4.1% |
| Q3 2025 | $6.5B | +3.7% |
| Q2 2025 | $6.7B | +4.7% |
| Q1 2025 | $6.3B | +4.8% |
| Q4 2024 | $6.4B | +5.5% |
MAR's revenue has grown year over year for 22 quarters in a row: $7B last quarter, up 8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 18% | 0 points |
| Q2 2026 | 17% | -0.9 points |
| Q1 2026 | 16% | +0.8 points |
| Q4 2025 | 12% | -0.1 points |
| Q3 2025 | 18% | +3.1 points |
| Q2 2025 | 18% | -0.2 points |
| Q1 2025 | 15% | +0.5 points |
| Q4 2024 | 12% | -0.1 points |
MAR's operating margin was 18% last quarter, about level with the same quarter a year ago.
MAR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +37% |
| Q2 2026 | $796M | +63% |
| Q1 2026 | $728M | +42% |
| Q4 2025 | $657M | +$681M |
| Q3 2025 | $951M | +35% |
| Q2 2025 | $488M | -25% |
| Q1 2025 | $512M | -24% |
| Q4 2024 | -$24M | -104% |
MAR generated $3.5B in free cash flow over the past year, up 81% from the year before.
MAR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.3M shares |
| 1 year | -4.1% | -11.3M shares |
| 3 years | -13% | -38.9M shares |
| 5 years | -21% | -68.1M shares |
| Available history | -22% | -74.3M shares |
MAR has 261M diluted shares, down 4.1% from a year ago, with $4.1B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.3B |
| Q2 2026 | $1.1B |
| Q1 2026 | $700M |
| Q4 2025 | $1B |
| Q3 2025 | $800M |
| Q2 2025 | $749M |
| Q1 2025 | $751M |
| Q4 2024 | $586M |
MAR spent $4.1B buying back its own shares over the past year, up 41% from the year before.
MAR Net Leverage
MAR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 72.9 | Overbought |
| Stochastic | 89.3 | Overbought |
MAR's weekly RSI is 73 (overbought) and its Stochastic is 89 (overbought).
MAR PE vs Consumer Cyclical Sector
| Metric | MAR | Sector median | Relative |
|---|---|---|---|
| PE | 42x | 18x | 135% above |
| PE % | 81 | 47 | 34 pts above |
MAR is trading at 42x earnings, a 135% premium to the Consumer Cyclical sector's median of 18x.
MAR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $387.0 | 9.7% above |
| 20 week MA | $369.3 | 15% above |
| 50 week MA | $353.3 | 20% above |
| 100 week MA | $310.1 | 37% above |
| 200 week MA | $263.5 | 61% above |
MAR is in an uptrend: it's above all five of its weekly moving averages, and 61% above its 200-week average.
MAR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $152.7 | $128.8 | -16% |
| 2021 | $128.8 | $165.2 | +28% |
| 2022 | $165.2 | $148.6 | -10% |
| 2023 | $148.6 | $225.5 | +52% |
| 2024 | $225.5 | $283.7 | +26% |
| 2025 | $283.7 | $315.6 | +11% |
| 2026 YTD | $315.6 | $424.7 | +35% |
MAR has finished higher in four of the last six years. It's up 35% so far in 2026.