Aureus
BGood

Marriott International(MAR)

B

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

FCF Margin10.0%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 / FCF6.6xElevated debt burden
Current Ratio0.43Tight short-term liquidity
YoY FCF Growth+500.0%4 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseB
→
-0.5Elevated debt-to-FCF ratio (6.6x)
→
-1Current ratio below 1.0 (0.43)
→
+1Strong YoY FCF growth (500.0% YoY)
→
FinalB

Analysis Summary

Strengths

  • Excellent cash conversion (123%)
  • Strong YoY FCF growth (+500.0%)
  • FCF trend is improving

Concerns

  • Low FCF margin (10.0%)
  • Heavy debt position ($16.7B)
  • High debt-to-FCF ratio (6.6x)
  • Current ratio below 1.0 — tight short-term liquidity

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin10.0%
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 / FCF6.6xElevated debt burden
Current Ratio0.43Tight liquidity
Debt / Equity0.00Low leverage

Quarterly FCF Trend

+500.0% YoYImproving (+500.0%)

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 Margin10.0%
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 / FCF6.6x
YoY FCF Growth+500.0%
Positive Quarters4 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeB
Data SourceYahoo Finance