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Discontinued — last reported Q1 '23

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Other financials

Income statement

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Revenue$6.7B+6.2%
Operating income$1.1B+12.2%
Net income$648.0M-2.6%
EPS (diluted)$2.43+1.7%

Balance sheet

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Cash & equivalents$468.0M-14.3%
Total debt$18.7B+10.6%
Total equity-$4.1B-29.2%
Total assets$27.9B+4.5%

Cash flow

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Operating cash flow$858.0M+32.6%
CapEx$130.0M-3.7%
Free cash flow$728.0M+42.2%

Valuation

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Market cap$104.05B+32.1%
Enterprise value$122.32B+28.0%
P/E40.3×+8.5×
P/S3.9×+0.8×

Profitability

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Operating margin16%+0.9pp
Net margin9.7%0.0pp

Returns & leverage

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Return on equity286.4%+138pp
Current ratio0.5×0.0×

Where this comes from

Calculated from Marriott International’s reported figures.

Based on the most recent quarter.

The official record: Marriott International’s 10-Q, filed May 1, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marriott International's debt-to-equity?
Marriott International (MAR) reported debt-to-equity of 87× in Q1 2023.
How has Marriott International's debt-to-equity changed year-over-year?
Marriott International's debt-to-equity increased by 1250.7% year-over-year, from 6.4× to 87×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.