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MAR

MAR

Marriott International, Inc.
$404.00
+1.68% Oct 21 close
Consumer DiscretionaryS&P 500 Compare
-5%+10%+26%+41%+57%Oct 2025Oct 2026Apr 2026
MARSPY
1W
+8.7%
1M
+17.9%
3M
+9.5%
6M
+10.5%
YTD
+31.0%
1Y
+51.8%

Live chart

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What they do

Marriott International, Inc. engages in the operation, franchising, and licensing of hotel, residential, timeshare, and other lodging properties in the United States, Canada, Europe, the Middle East, Africa, Greater China, the Asia-Pacific, and internationally. The company operates properties under the JW Marriott, The Ritz-Carlton, The Luxury Collection, W Hotels, St. Regis, EDITION, Bvlgari, Marriott Hotels, Sheraton, Westin.

Consumer Cyclical · Lodging

For information only · Important disclosures

Grades vs sector

Momentum
89th percentile in sector
A
12-1 return: +37.6%
Percentile within its GICS sector across the S&P 1500.
Growth
83rd percentile in sector
A-
Revenue growth (YoY): +11.1%
Percentile within its GICS sector across the S&P 1500.
Value
6th percentile in sector
F
Forward E/P: 3.4% · EBITDA/EV: 4.1%
Percentile within its GICS sector across the S&P 1500.
Profitability
98th percentile in sector
A+
Profit margin: +35.0% · Return on equity: –
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 131 of 499 · 12-month momentum 32.3%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
What Is Booking Holdings Building That Investors Should Watch?
Trefis · 5h ago
What Does Booking Offer That Hilton Does Not?
Trefis · 15h ago
What Could Lift Booking Holdings Stock?
Trefis · Oct 20
Coca-Cola’s KFC Win Is About More Than Soda
Barrons.com · Oct 19

Key stats

Market value$105.3B
P/E (last 12 months)41.8
P/E (next 12 months, estimated)30.7
52-week range$256.76 – $410.98
Revenue growth (latest quarter vs a year ago)+11.1%
Dividend yield0.73%
Analyst consensusBuy (26)
Average analyst price target$386.81 (-4%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -2 (DCF counts double).
▼DCF (base case)below the price by 44%
▼Forward P/E vs sector30.7x vs median 13.4x
▲Piotroski F-score7/9
▲Net debt / EBITDA0.1x
•Analyst target-4% (26 analysts)

Discounted cash flow

Bear
$145
-64%
growth 5% · disc. 11.1% · term. 2.0%
Base
$224
-44%
growth 10% · disc. 10.1% · term. 2.5%
Bull
$327
-19%
growth 13% · disc. 9.1% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 16% a year for 10 years.
Implied
+16%/yr
FCF, last 3 yrs
+17%/yr
FCF, last 5 yrs
+16%/yr
Revenue, last 3 yrs
+8%/yr
Revenue, last 5 yrs
+20%/yr
Same inputs as the DCF above: trailing free cash flow 3.0B, 10.1% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.17 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Consumer Discretionary

P/E (trailing)
sector median 17.7× · 92nd pct
41.8×
pricier
Forward P/E
sector median 13.4× · 94th pct
30.7×
pricier
EV / EBITDA
sector median 11.3× · 93rd pct
24.0×
pricier
Price / sales
sector median 1.2× · 89th pct
3.9×
pricier
Price / book
sector median 2.8×
–
FCF yield
sector median 6.6% · 20th pct
2.8%
pricier

Forward EPS $13.16 vs trailing $9.66 (+36% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
–
Operating margin
15.8%
FCF margin
11.0%
Net margin
9.6%
Return on equity
–
Return on invested capital
–
Net debt / EBITDA
0.1×
Current ratio
0.5×
Interest cover
5.0×
Cash conversion (OCF/NI)
1.4×
Piotroski F-score 7/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

Mean target
$387
-4%
Analysts
26
Buy
Range
$280–$429
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$26.2B$2.6B$3.2B
2024$25.1B$2.4B$2.0B
2023$23.7B$3.1B$2.7B
2022$20.8B$2.4B$2.0B
2021$13.9B$1.1B$994.0M
2020$10.6B$-267.0M$1.5B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +8.0%.

Earnings

Next report: 2026-11-02 · before open · EPS est 2.85
24-1125-0225-0525-0825-1126-0226-0526-080.003.19
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-033.083.19+3.6%
2026-05-062.552.72+6.5%
2026-02-102.622.58-1.5%
2025-11-042.392.47+3.5%
2025-08-052.622.65+1.1%
2025-05-062.252.32+3.0%
2025-02-112.382.45+2.7%
2024-11-042.312.26-2.0%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$7.1B+4.8%
2026-03-31$6.7B–
2025-12-31$6.7B–
2025-09-30$6.5B–
2025-06-30$6.7B–
Analyst actions
JP Morgan
2026-10-21 · main
Neutral → Neutral
PT $406
Wells Fargo
2026-10-19 · main
Overweight → Overweight
PT $426
Evercore ISI Group
2026-10-19 · main
Outperform → Outperform
PT $420
Barclays
2026-10-16 · main
Equal-Weight → Equal-Weight
PT $363
Freedom Broker
2026-10-14 · init
→ Buy
PT $408
Morgan Stanley
2026-10-12 · main
Overweight → Overweight
PT $384

Recent dividends

2026-08-20: $0.730 · 2026-05-22: $0.730 · 2026-02-26: $0.670 · 2025-11-20: $0.670 · 2025-08-21: $0.670 · 2025-05-23: $0.670 · 2025-02-27: $0.630 · 2024-11-21: $0.630
Insider trades
Marriott J W Jr
10% owner · 2026-09-25
Sell
$1.2M
Harrison Deborah Marriott
Director · 2026-09-25
Sell
$1.2M
Marriott David S
Director · 2026-09-25
Sell
$1.2M
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–

Stats refreshed 2026-10-21 18:02:12 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026