Marriott International, Inc.

MARNASDAQConsumer Cyclical● Active

$391.19

$-1.32(-0.34%)

Market Cap$103.2B

P/E Ratio—

52W High$396.65

52W Low$253.56

Avg Volume1.4M

Open$392.51

Beta1.10

Overview

Marriott International, Inc. (MAR) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MAR · free cash flow · updated Jun 8, 2026

Core FCF metrics

MAR · FCF · TTM · margin & CAGR

Free cash flow was $2.61B for FY2025 (fiscal year ending 2025-12-31), up 30.5% year-over-year The FCF margin was 10.0%. Five-year CAGR stands at +11.6%.

FY2025 Free Cash Flow$2.61B▲ +30.5% YoY

Trailing 12M (TTM)$3.11Btrailing 4 quarters sum

FCF Margin10.0%$2.61B ÷ revenue

3-Year CAGR+8.7%FY2022 → FY2025

5-Year CAGR+11.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MAR · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.21B(604M)$2.61B▲ +30.5%10.0%

FY2024$2.75B(750M)$2.00B▼ 26.5%8.0%

FY2023$3.17B(452M)$2.72B▲ +33.8%11.5%

FY2022$2.36B(332M)$2.03B▲ +104.3%9.8%

FY2021$1.18B(183M)$994.0M▼ 33.9%7.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MAR · P/FCF · FCF yield · FCF per share

Marriott International, Inc. (MAR) trades at a FCF yield of 3.01% and a price-to-free-cash-flow ratio of 33.7x. FCF per share stands at $11.60, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.01%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$11.60

TTM FCF ÷ Shares Outstanding

Price / FCF

x33.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x38.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MAR · cash flow statement · operating / investing / financing

For FY2025, Marriott International, Inc. generated $3.21B in operating cash flow and spent 604M in capital expenditures, yielding $2.61B in free cash flow.

Operating Activities

+$3.21B

Cash from core business operations

2025-12-31

Investing Activities

−$948.0M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.32B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.21B) − |CapEx| (604M) = FCF ($2.61B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

MAR vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Marriott International, Inc.YOU

MAR

$2.61B+30.5%10.0%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Marriott International, Inc. (MAR) reported free cash flow of $2.61B for FY2025 (fiscal year ending 2025-12-31), up 30.5% year-over-year. The FCF margin was 10.0%.

Based on available data, Marriott International, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $2.72B in FY2023. The 5-year CAGR stands at +11.6%.

Marriott International, Inc.'s FCF yield is 3.01% and price-to-FCF ratio is 33.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MAR free cash flow · 8 questions

Marriott International, Inc. free cash flow was $2.61B for FY2025, up 30.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $3.11B.

MAR free cash flowMAR FCFMAR FCF 2025MAR free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Marriott International, Inc. · Marriott International, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026