MARRIOTT INTERNATIONAL INC /MD/ FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $26.2B |
| Gross margin | — not reported |
| Operating income | $4.1B |
| Net income | $2.6B |
| Diluted EPS | $9.51 |
| Cash & equivalents | $358.0M |
| Total assets | $27.5B |
| Long-term debt | $23.0M |
Key takeaway
Worldwide RevPAR rose 2.0% in 2025, driven by 2.1% ADR growth, with International markets (+5.1%) outperforming U.S. & Canada (+0.7%).
🔒 4 more takeaways in the full analysis
Beneath the surface
The headline 'Long-term debt' figure of $23 million is misleading; the filing's own XBRL data shows total debt and capital lease obligations of $16.2 billion, meaning net debt is closer to $15.8 billion after subtracting $358 million cash, far more leveraged than the headline table implies.
🔒 3 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for MAR.
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