Marriott International, Inc.
Marriott International, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $26.2 billion, up 4.33% from fiscal 2024. In the quarter to June 2026, revenue grew 4.85%, EPS grew 4.32%, free cash flow grew 81.8% and total debt rose 8.05%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for five consecutive years, revenue growth for five.
Follow MAR
Marriott International, Inc. (MAR) Altman Z-score
Marriott International, Inc.'s Altman Z-score for fiscal 2025 is 3.80, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 3.80 | 0.08 |
| FY2024 | 3.71 | 0.14 |
| FY2023 | 3.57 | 0.57 |
| FY2022 | 2.99 | 0.45 |
| FY2021 | 2.55 | 0.66 |
| FY2020 | 1.88 | (0.80) |
| FY2019 | 2.68 | 0.08 |
| FY2018 | 2.61 | (0.37) |
| FY2017 | 2.98 | 1.09 |
| FY2016 | 1.89 | (3.09) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.17) | — | −0.21 | |
| Retained earnings / total assets | 0.67 | — | 0.94 | |
| EBIT / total assets | 0.15 | — | 0.50 | |
| Market value of equity / total liabilities | 2.70 | — | 1.62 | |
| Sales / total assets | 0.95 | — | 0.95 | |
| Altman Z-score | Safe zone | 3.80 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 1.92 | ||
Z and Z″ put Marriott International, Inc. in different zones: safe zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ATAT Atour Lifestyle Holdings Limited Sponsored ADR compare | 6.8× |
| MAR Marriott International, Inc. | 3.8× |
| IHG Intercontinental Hotels Group compare | 3.2× |
| CHH Choice Hotels International, Inc. compare | 3.1× |
| HLT Hilton Worldwide Holdings Inc. compare | 2.9× |
| HTHT H World Group Limited Sponsored ADR compare | 2.0× |
| H Hyatt Hotels Corporation compare | 1.8× |
| WH Wyndham Hotels & Resorts compare | 1.7× |
| CVEO Civeo Corporation compare | −1.0× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on MAR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement