Marriott International — Earnings Quality Grade F
MAR · Consumer Cyclical
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 41 days, change -0 days YoY
AR growth 4.1% vs revenue growth 4.3%
Revenue 4.3%, CFFO 16.8%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth -19.5% vs revenue 4.3%. Normal
SG&A/Gross Profit = 16.7%, excellent (<30%)
Gross margin 19.9%, change +0.1pp. Stable
Cash Flow Quality
CFFO/NI = 1.23. Profits backed by cash
FCF $2.6B, FCF/NI = 1.00
Accruals ratio = -2.2%. Low accruals
Cash $0.4B covers only 2% of debt $17.1B
Balance Sheet Health
Goodwill+Intangibles $19.2B = -510% of equity. Manageable
Debt/EBITDA = 3.6x. Healthy
Other assets 11.6% vs revenue 4.3%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 6% YoY. Normal
Manipulation Score
M-Score = -2.55 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-08