Marriott International (MAR) 10-K Summary — Year Ended Dec 31, 2024
Marriott International operates as a global lodging company. The filing reports annual revenue, operating income, net income, and operating cash flow for the most recent period.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Marriott International operates as a global lodging company. The filing reports annual revenue, operating income, net income, and operating cash flow for the most recent period.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$25.1B
Revenue reported for the fiscal year.
Operating income
$3.8B
Income from operations reported for the year.
Net income
$2.4B
Net income reported for the year.
Operating cash flow
$2.7B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $13.9B | n/a |
| Dec 31, 2022 | $20.8B | +49.9% |
| Dec 31, 2023 | $23.7B | +14.2% |
| Dec 31, 2024 | $25.1B | +5.8% |
Business overview
Marriott International is a lodging company that manages and franchises hotels and timeshare properties. The business overview section references standard 10-K items including risk factors and management discussion.
Financial performance
Revenue increased compared to the prior year. Operating income, net income, and operating cash flow were all reported as positive figures for the period.
Material risks
The filing includes a risk factors section covering standard industry and operational risks. No specific material risks beyond those typical for a lodging company are highlighted in the supplied context.
Liquidity and capital
The company has a multicurrency revolving credit facility expiring in late 2027, which supports its commercial paper program and general corporate needs. The facility includes a leverage covenant limiting adjusted total debt to EBITDA, and the company currently satisfies all covenants.
What to watch
Monitor any changes in the company's leverage ratio relative to the credit facility covenant of 4.5 to 1.0.