Marriott International, Inc. (MAR) vs Wyndham Hotels & Resorts (WH)

Marriott International, Inc. and Wyndham Hotels & Resorts are both Lodging companies. Marriott International, Inc. is the larger, with a market value of $91.3B against $5.1B — 17.8× the size. Wyndham Hotels & Resorts trades at the lower P/E: 25.5× against 36.4×. Marriott International, Inc. grew revenue faster over the last twelve months: 4.72% against −2.14%. Wyndham Hotels & Resorts has the higher net margin (14.7% vs 9.62%) and the lower return on invested capital (8.67% vs 22.3%). Both pay a dividend; Wyndham Hotels & Resorts yields more (1.77% vs 0.76%). Across the 21 metrics below, Wyndham Hotels & Resorts leads on 12 and Marriott International, Inc. on 9.

Valuation

Metric MAR WH Lodging median
P/E 36.37 25.54 26.75
P/S 3.45 3.70 2.70
P/B n/m 10.94 6.31
Price to free cash flow 33.21 16.25 14.61
EV/EBITDA 22.07 16.03 13.70
EV/Sales 4.06 5.54 3.07
Earnings yield 2.75% 3.91% 2.75%
Free cash flow yield 3.01% 6.15% 5.61%

Profitability

Metric MAR WH Lodging median
Gross margin 20.08% 87.66% 35.16%
Operating margin 15.80% 30.18% 14.37%
Net margin 9.62% 14.67% 9.62%
Free cash flow margin 10.72% 22.78% 10.30%
Return on equity (69.09%) 39.62% 1.31%
Return on assets 9.33% 4.82% 0.53%
Return on invested capital 22.27% 8.67% 3.70%

Growth

Metric MAR WH Lodging median
Revenue growth (TTM) 4.72% (2.14%) 5.85%
EPS growth (last fiscal year) 14.17% (30.75%) —
Revenue growth, 5-year CAGR 19.89% 1.91% 16.16%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MAR WH Lodging median
Debt to equity (3.74) 5.57 0.00
Current ratio 0.53 0.99 0.99
Net debt to EBITDA 3.34 5.38 3.33

Dividend

Metric MAR WH Lodging median
Dividend yield 0.76% 1.77% 1.29%
Payout ratio 0.18 0.40 0.02

Size

Metric MAR WH Lodging median
Market cap 91.33b 5.14b 4.54b

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