Aureus
BGood

Marriott International(MAR)

B

Financial data as of Dec 31, 2025Improving · Consumer Discretionary

FCF Margin9.1%Free Cash Flow / Revenue
Cash Conversion123.5%Operating CF / Net Income
Free Cash Flow$2.6B
Revenue$26.2B
Net Cash-$16.7BNet debt position
Debt / FCF7.2xElevated debt burden
Current Ratio0.43Tight short-term liquidity
YoY FCF Growth+69.8%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseB
→
-1High debt-to-FCF ratio (7.2x)
→
-1Current ratio below 1.0 (0.43)
→
+1Strong YoY FCF growth (69.8% YoY)
→
+0.5Highly consistent quarterly FCF
→
FinalB

Analysis Summary

Strengths

  • Excellent cash conversion (123%)
  • Strong YoY FCF growth (+69.8%)
  • Highly consistent quarterly FCF

Concerns

  • Low FCF margin (9.1%)
  • Heavy debt position ($16.7B net debt, 7.2x FCF)
  • High debt-to-FCF ratio (7.2x)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin9.1%
Net Margin9.9%
Operating CF Margin12.3%
CapEx Ratio2.3%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$16.7BNet debt position
Debt / FCF7.2xElevated debt burden
Current Ratio0.43Tight liquidity
Debt / Equity0.00Low leverage

Quarterly FCF Trend

+69.8% YoYImproving (+69.8%)

Free cash flow per quarter

Sector Comparison — Consumer Discretionary

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameMarriott International
SectorConsumer Discretionary
Free Cash Flow$2.6B
Revenue$26.2B
Net Income$2.6B
Operating Cash Flow$3.2B
Capital Expenditure$604.0M
FCF Margin9.1%
Cash Conversion Rate123.5%
Net Margin9.9%
Total Debt$17.1B
Total Cash$358.0M
Net Cash-$16.7B
Current Ratio0.43
Debt / Equity0.00
Debt / FCF7.2x
YoY FCF Growth+69.8%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeB
Data SourceYahoo Finance

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