Valuation, from the filing
| Public float | $61.23B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-06-30 |
|---|---|---|
| Float per share | $231.08 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / net income | 23.5× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / revenue | 2.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.
Valuation over time
23.5× earnings today, against a median of 21.3× across 9 years on record. Above its own history.
| Float measured | Public float | Float / net income | |
|---|---|---|---|
| 2025-06-30 | $61.23B | 23.5× | |
| 2024-06-30 | $56.46B | 23.8× | |
| 2023-06-30 | $45.77B | 14.8× | |
| 2022-06-30 | $37.28B | 15.8× | |
| 2021-06-30 | $37.43B | 34.1× | |
| 2019-06-28 | $38.73B | 30.4× | |
| 2018-06-29 | $36.39B | 19.1× | |
| 2017-06-30 | $31.11B | 21.3× | |
| 2016-06-30 | $12.42B | 15.4× |
Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.
How this compares in its industry
Percentile among the Hotels & Motels filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| Current ratio | 0.43x | 6th | |
| Revenue YoY growth | 4.3% | 70th | |
| Effective tax rate | 23.4% | 69th | |
| Net margin | 9.9% | 67th | |
| Operating margin | 15.8% | 59th | |
| SBC / revenue | 0.9% | 47th |
MARRIOTT INTERNATIONAL INC /MD/ (MAR) reported revenue of $27.42B and net income of $2.65B for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from MARRIOTT INTERNATIONAL INC /MD/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Hotels & Motels.
Income
| Metric | 2026-09-30 |
|---|---|
| Revenue | $27.42B |
| Cost of revenue | Unavailable |
| Gross profit | Unavailable |
| Operating income | $4.34B |
| Net income | $2.65B |
| Research & development | Unavailable |
| Weighted-average diluted shares | Unavailable |
| Pretax income | $3.54B |
| Income tax expense | $891.00M |
| Diluted EPS | Unavailable |
| Selling, general & administrative | Unavailable |
| General & administrative | $894.00M |
| Selling & marketing | Unavailable |
Balance
| Metric | 2026-09-30 |
|---|---|
| Cash & equivalents | $453.00M |
| Total assets | $28.02B |
| Current assets | $4.28B |
| Total liabilities | Unavailable |
| Current liabilities | $8.14B |
| Total equity incl. NCI | -$5.08B |
| Temporary (mezzanine) equity | Unavailable |
| Inventory | Unavailable |
| Accounts receivable | Unavailable |
| Goodwill | $8.88B |
| Long-term debt | $16.43B |
| Accounts payable | Unavailable |
Cash flow
| Metric | 2026-09-30 |
|---|---|
| Operating cash flow | $4.07B |
| Capital expenditures | Unavailable |
| Investing cash flow | -$458.00M |
| Financing cash flow | -$3.84B |
| Net change in cash | -$231.00M |
| Stock-based compensation | $253.00M |
| Common dividends paid | $738.00M |
| Common share repurchases | $4.08B |
| Depreciation & amortization | Unavailable |
Derived
| Metric | 2026-09-30 |
|---|---|
| Free cash flow | Unavailable |
| Gross margin | Unavailable |
| Operating margin | 15.8% |
| FCF margin | Unavailable |
| SBC / revenue | 0.9% |
| Current ratio | 0.53x |
| Revenue YoY growth | 5.8% |
| Net margin | 9.7% |
| R&D / revenue | Unavailable |
| CapEx / revenue | Unavailable |
| Long-term debt / equity | Unavailable |
| Effective tax rate | 25.1% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open MAR in the interactive workspace to inspect any figure back to its filing.
Source filings
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.