{ "ok": true, "cik": "1048286", "ticker": "MAR", "name": "MARRIOTT INTERNATIONAL INC /MD/", "filings": [ { "form": "8-K", "filed": "2026-09-24", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1048286/000119312526401051/0001193125-26-401051-index.htm" }, { "form": "8-K", "filed": "2026-08-13", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1048286/000119312526349395/0001193125-26-349395-index.htm" }, { "form": "10-Q", "filed": "2026-08-03", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000035/0001048286-26-000035-index.htm" }, { "form": "8-K", "filed": "2026-08-03", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000033/0001048286-26-000033-index.htm" }, { "form": "8-K", "filed": "2026-05-13", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1048286/000119312526220804/0001193125-26-220804-index.htm" }, { "form": "10-Q", "filed": "2026-05-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1048286/000104828626000014/0001048286-26-000014-index.htm" } ], "events12m": 10, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001048286.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1048286" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up MARRIOTT INTERNATIONAL INC /MD/ ($MAR). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-24. 10 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 26186000000, "revenueGrowth1y": 0.04326693227091627, "revenueGrowthPerYear": 0.17246526852471789, "yearsOfData": 5, "operatingMargin": 0.15813793630184067, "operatingMarginPrior": 0.1500796812749004, "netMargin": 0.09932788512945849, "operatingCashFlow": 3212000000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 358000000, "longTermDebt": 16204000000, "longTermDebtChange": 0.12161694469440021, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 13857000000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 20773000000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 23713000000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 25100000000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 26186000000 } ], "totalEquity": -3771000000, "totalAssets": 27540000000, "equityRatio": -0.1369281045751634, "returnOnEquity": null, "dividendsPaid": 718000000, "payoutRatio": 0.2760476739715494, "dividendPerShare": 2.64, "dividendYearsRising": 4, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 9.53, "sharesOutstanding": 273600000, "bookValuePerShare": -13.782894736842104, "revenuePerShare": 95.70906432748538, "range80": { "low": 22491869807.693207, "high": 31871149697.8551, "baseline": 27803175902.533493, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.16852236449670924, "classVolatility": 0.06659579566308972, "volatility": 0.12813037761507168 }, "ifPaceHeld": { "low": 22491869807.693207, "high": 31871149697.8551 } }, "edgarette": "🔖 Exposure: revenue $26.2B (FY2025), total debt $16.2B. Experience: revenue up 4.3% on the year, up 17.2% a year over 4 years; operating margin 15.8%, up from 15.0%. Soundness: equity -13.7% of assets (liabilities exceed assets), payout 27.6% of profit, dividend per share up 4 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $22.5B and $31.9B next year (method v4.1: its own 4-year record of growth weighed at 50% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $19.3B to $36.6B. A range, not a forecast. Against peers (19 filers, $50M+ revenue, hotels & motels): operating margin 15.8% against a 15.8% median; growth 4.3% against 3.8%.", "peers": { "sic": 7011, "sicDescription": "Hotels & Motels", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7011", "growth": [ 0.0377, 22 ], "opMargin": [ 0.1581, 19 ], "equityRatio": [ 0.0997, 22 ], "returnOnEquity": [ 0.1472, 16 ], "payoutRatio": [ 0.276, 13 ] }, "summary": "Marriott International (MAR) grew revenue 4.3% in FY2025 to $26.2 billion, operating margin 15.8%, in line with the 15.8% median for hotels & motels, equity -13.7% of assets, and dividend per share up 4 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
MARRIOTT INTERNATIONAL INC /MD/ against its own record and its peers
Operating marginPeer median 15.8%15.8%Revenue, on the yearPeer median 3.8%4.3%Equity of assetsPeer median 10.0%-13.7%Payout of profitPeer median 27.6%27.6%Gold tick: the median of 13–22 peers with $50M+ revenue in hotels & motels
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit27.6% paid out72.4% keptHanded back per share$2.64up 4 years runningRevenue growth it managed4.3%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 15, "hits": 9, "rate": 0.6, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 0, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 0, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-25T13:58:32.134Z", "hash": "94bb1ae92f568f44", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Marriott International (MAR) grew revenue 4.3% in FY2025 to $26.2 billion, operating margin 15.8%, in line with the 15.8% median for hotels & motels, equity -13.7% of assets, and dividend per share up 4 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 26186000000, "totalDebt": 16204000000, "cash": 358000000 }, "experience": { "revenueGrowth1y": 0.04326693227091627, "revenueGrowthPerYear": 0.17246526852471789, "operatingMargin": 0.15813793630184067, "operatingMarginPrior": 0.1500796812749004, "netMargin": 0.09932788512945849, "freeCashFlow": null }, "soundness": { "equityRatio": -0.1369281045751634, "returnOnEquity": null, "payoutRatio": 0.2760476739715494, "dividendPerShare": 2.64, "dividendYearsRising": 4, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 7011, "sicDescription": "Hotels & Motels", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7011", "growth": [ 0.0377, 22 ], "opMargin": [ 0.1581, 19 ], "equityRatio": [ 0.0997, 22 ], "returnOnEquity": [ 0.1472, 16 ], "payoutRatio": [ 0.276, 13 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 22491869807.693207, "high": 31871149697.8551, "baseline": 27803175902.533493, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.16852236449670924, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.12813037761507168, "k": 3 }, "stress": { "low": 19298777758.09052, "high": 36648364333.7178, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 9, "rate": 0.6, "method": "v4", "byYear": { "2011": [ 1, 1 ], "2012": [ 1, 1 ], "2013": [ 0, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 0, 1 ], "2018": [ 0, 1 ], "2019": [ 1, 1 ], "2020": [ 0, 1 ], "2021": [ 0, 1 ], "2022": [ 0, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-25T13:58:32.134Z", "hash": "94bb1ae92f568f44", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001048286.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1048286" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }