MARRIOTT INTERNATIONAL INC /MD/ (MAR) closed fiscal year 2025 with a gross margin of 19.9 % and a net margin of 9.9 %.
MARRIOTT INTERNATIONAL INC /MD/ (MAR) closed fiscal year 2025 with a gross margin of 19.9 % and a net margin of 9.9 %. The same year shows an EBITDA margin of 17.6 % and an EBIT margin of 15.8 %. The free cash flow margin was 10.0 %. Against the previous year the gross margin moved +0.1 pp and the net margin +0.5 pp. Across the period the gross margin ranges between 19.8 % in 2024 and 21.9 % in 2022. The series covers 19 fiscal years, from 2007 to 2025. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 21.94 % | 21.00 % | 19.81 % | 19.94 % |
| EBITDA margin (%) | 10.62 % | 7.42 % | 0.30 % | 7.47 % | 5.44 % | 8.82 % | 8.72 % | 9.84 % | 10.68 % | 10.83 % | 14.28 % | 12.63 % | 10.23 % | 3.84 % | 13.62 % | 18.16 % | 17.76 % | 16.53 % | 17.56 % |
| EBIT margin (%) | 9.11 % | 5.94 % | -1.39 % | 5.94 % | 4.27 % | 7.96 % | 7.73 % | 8.40 % | 9.32 % | 9.24 % | 12.24 % | 11.40 % | 8.58 % | 0.79 % | 12.63 % | 16.67 % | 16.29 % | 15.01 % | 15.81 % |
| Net margin (%) | 5.36 % | 2.81 % | -3.17 % | 3.92 % | 1.61 % | 4.83 % | 4.90 % | 5.46 % | 5.93 % | 5.24 % | 7.13 % | 9.19 % | 6.07 % | -2.53 % | 7.93 % | 11.35 % | 13.00 % | 9.46 % | 9.93 % |
| FCF margin (%) | 0.82 % | 2.21 % | 6.61 % | 7.22 % | 7.36 % | 4.67 % | 6.60 % | 5.89 % | 8.35 % | 9.22 % | 9.72 % | 8.68 % | 4.92 % | 14.23 % | 7.17 % | 9.78 % | 11.46 % | 7.96 % | 9.96 % |
