ATAT vs ZGN vs MAR Stock Comparison

Atour Lifestyle Holdings, Ermenegildo Zegna and Marriott International Prices as of Oct 28, 2026 Peers: Industry group
ZGN Ermenegildo Zegna N.V.
$13.27 +4.9% 1M +27.7% 1Y
Market cap
$3.49B
P/E
–
Revenue (TTM)
—
Div. yield
–
Luxury Goods Consumer Discretionary

Head to Head

10 decided of 12

Atour Lifestyle Holdings leads on 6 of the 12 questions below (Atour Lifestyle Holdings 6, Marriott International 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionATATZGNMARLeader
Larger companyMarket capitalisation $4.45B $3.49B $105.45B MAR
Cheaper on earningsLower P/E, profitable companies only 15.7x — 40.8x ATAT
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.7x 30.2x 34.4x ATAT
Faster revenue growthRevenue growth, trailing twelve months +45.3% — +4.7% ATAT
More profitableNet margin, trailing twelve months 16.8% — 9.6% ATAT
Better return on capitalReturn on invested capital 73.2% — 25.5% ATAT
Less leveragedLower net debt / EBITDA — — 3.3x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months -19.8% +27.7% +48.6% MAR
Better 5-year returnAnnualised price return, 5 years — +5.7%/yr +19.8%/yr MAR
Less volatileAnnualised volatility, 1 year 39.5% 41.4% 27.2% MAR
Higher overall scoreMean of the five percentile scores vs peers 83/100 — 50/100 ATAT

Percentile Scorecard

ATATZGNMAR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisATATZGNMAR
Valuation 78 #7 of 28 – 22 #22 of 28
Growth 96 #2 of 25 – 58 #11 of 25
Profitability 100 #1 of 25 – 63 #10 of 25
Financial Health 97 #2 of 30 51 #26 of 52 45 #17 of 30
Shareholder Returns 44 #11 of 19 12 #30 of 34 61 #8 of 19
Overall 83 – 50
  • ATAT ranked among 31 companies in Travel and Lodging
  • ZGN ranked among 52 companies in Apparel and Luxury
  • MAR ranked among 31 companies in Travel and Lodging

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodATATZGNMARSPY
1 month -7.6%+4.9%+10.0% +0.9%
3 months -14.3%-11.2%+3.5% +5.9%
6 months -20.0%+15.3%+11.4% +8.5%
Year to date -23.1%+29.5%+27.1% +13.3%
1 year -19.8%+27.7%+48.6% +12.4%
3 years +64.0%+20.6%+112.9% +88.1%
3 years, per year +17.9%+6.5%+28.7% +23.5%
5 years —+32.0%+146.5% +68.2%
5 years, per year —+5.7%+19.8% +11.0%
10 years ——+484.8% +263.4%
10 years, per year ——+19.3% +13.8%

Risk

MeasureATATZGNMARSPY
Volatility, 1Y 39.5%41.4%27.2% 12.7%
Downside volatility, 1Y 38.5%38.7%24.8% 12.7%
Beta vs S&P 500, 1Y 0.731.160.64 1.00
Return / volatility, 1Y -0.500.671.79 0.98
Max drawdown, 5Y -46.9%-61.4%-30.7% -25.4%
From 52-week high -29.4%-13.0%-2.4% -0.9%
52-week high $42.90$15.25$404.00 $779.14
52-week low $30.29$8.69$260.58 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleATATZGNMAR
P/E now vs peer median 14.8xmedian 18.2x —median 16.4x 40.2xmedian 18.2x
P/S now vs peer median 2.5xmedian 1.5x —median 0.7x 3.8xmedian 1.5x
EV/EBITDA now vs peer median —median 14.1x —median 10.0x 24.1xmedian 14.1x
P/FCF now vs peer median 12.0xmedian 16.4x —median 12.0x 32.8xmedian 16.4x
P/B now vs peer median 8.4xmedian 2.5x 2.9xmedian 2.2x -22.7xmedian 2.5x
PEG now vs peer median 0.19median 0.30 —median 0.54 17.46median 0.30

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsATATZGNMAR
Revenue $1.69B – $26.90B
Gross profit $1.05B – $5.33B
Operating income $402.22M – $4.25B
Net income $539.47M – $2.59B
Free cash flow $345.77M – $3.13B
R&D $29.30M – –
EPS (diluted) $2.03 – $9.78
Cash & equivalents $578.45M $258.95M $462.00M
Total debt $34.93M $256.76M $16.92B
Shares (diluted) 139.77M 261.47M 264.50M
Enterprise value $1.13B $2.22B $103.49B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricATATZGNMAR
P/E 14.8x – 40.2x
P/FCF 12.0x – 32.8x
P/Operating cash flow 12.3x – 27.6x
P/S 2.5x – 3.8x
P/B 8.4x 2.9x -22.7x
P/Tangible book 8.4x 2.9x -6.9x
EV/EBITDA – – 24.1x
EV/EBIT 8.3x – 28.1x
EV/Revenue 2.0x – 4.4x
EV/FCF 9.7x – 38.1x
EV/Operating cash flow 9.9x – 32.0x
PEG (3Y EPS CAGR) 0.19 – 17.46

Growth

14 metrics
MetricATATZGNMAR
Revenue growth (1Y) 45.3% – 4.7%
Revenue CAGR (3Y) 55.5% – 5.5%
Gross profit growth (1Y) 50.0% – 6.6%
Gross profit CAGR (3Y) 72.6% – 1.3%
Operating income growth (1Y) 55.3% – 9.5%
Operating income CAGR (3Y) 86.5% – 2.0%
Net income growth (1Y) 53.1% – 4.9%
Net income CAGR (3Y) 93.9% – -2.4%
EPS growth (1Y) 44.4% – 8.9%
EPS CAGR (3Y) 79.8% – 2.3%
Operating cash flow growth (1Y) 37.0% – 49.8%
Operating cash flow CAGR (3Y) 32.4% – 9.3%
Free cash flow growth (1Y) 34.3% – 86.2%
Free cash flow CAGR (3Y) 33.9% – 8.6%

Profitability

14 metrics
MetricATATZGNMAR
Gross margin 62.3% – 19.8%
EBITDA margin – – 18.4%
Operating margin 23.8% – 15.8%
Pretax margin 24.3% – 12.9%
Net margin 16.8% – 9.6%
FCF margin 20.5% – 11.6%
Operating cash flow margin 20.1% – 13.9%
Return on equity 104.9% – –
Return on assets 42.6% – 9.2%
Return on invested capital 73.2% – 25.5%
Return on capital employed 55.6% – 21.2%
Asset turnover 1.3x – 1.0x
Cash conversion (OCF / net income) 0.6x – 1.4x
Stock comp / revenue – – 0.9%

Financial Health

11 metrics
MetricATATZGNMAR
Debt / assets 2.7% 7.3% 60.2%
Debt / equity 0.1x 0.2x -3.7x
Net debt / EBITDA – – 3.3x
Debt / FCF 0.1x – 5.4x
Liabilities / assets 61.3% 66.4% 116.1%
Equity / assets 38.7% 33.6% -16.1%
Interest coverage 455.5x – 5.0x
Current ratio 1.9x 1.5x 0.5x
Quick ratio 1.7x 0.6x 0.5x
Cash ratio 1.6x 0.4x 0.1x
Altman Z-score 6.45 – 4.16

Shareholder Returns

7 metrics
MetricATATZGNMAR
Dividend yield 3.0% 0.9% 0.7%
Net buyback yield 0.0% – 3.4%
Shareholder yield 2.9% 0.9% 4.1%
Payout ratio (earnings) – – 28.3%
Payout ratio (FCF) – – 23.3%
Dividend growth (1Y) – – 3.1%
Dividend CAGR (3Y) – – 13.2%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusATATZGNMAR
Forward P/E 12.7xFY2026 30.2xFY2026 34.4xFY2026
EPS, next fiscal year $2.39FY2026 $0.44FY2026 $11.47FY2026
EPS growth, next FY +33.5%FY2026 -2.2%FY2026 +14.5%FY2026
EPS growth, the year after +21.3% +34.1% +22.1%
Revenue, next fiscal year $2.03BFY2026 $2.22BFY2026 $26.29BFY2026
Revenue growth, next FY +44.7%FY2026 -1.5%FY2026 +0.4%FY2026
Revenue growth, the year after +17.0% +17.4% +4.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersATATZGNMAR
Held by institutions 56.9% 29.0% 61.3%
Institutions holding 181 135 1,751
Change in shares held, QoQ +3.9% +14.6% +3.1%
Institutions buying 104 77 860
Institutions selling 64 39 550
Buyers to sellers 1.63 1.97 1.56

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ATATZGNMAR
ATAT 1.00 0.21 0.27
ZGN 0.21 1.00 0.41
MAR 0.27 0.41 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ATAT, ZGN and MAR?

Marriott International (MAR) is the largest by market capitalisation: Atour Lifestyle Holdings (ATAT) $4.45B, Ermenegildo Zegna (ZGN) $3.49B, Marriott International (MAR) $105.45B.

Which stock is cheaper, ATAT, ZGN and MAR?

Atour Lifestyle Holdings (ATAT) trades on the lowest price-to-earnings ratio (Atour Lifestyle Holdings (ATAT) 15.7x, Marriott International (MAR) 40.8x). On next year's consensus earnings, Atour Lifestyle Holdings (ATAT) is cheapest (Atour Lifestyle Holdings (ATAT) 12.7x, Ermenegildo Zegna (ZGN) 30.2x, Marriott International (MAR) 34.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Atour Lifestyle Holdings (ATAT) grew revenue fastest over the trailing twelve months: Atour Lifestyle Holdings (ATAT) +45.3%, Marriott International (MAR) +4.7%.

Which company is more profitable?

Atour Lifestyle Holdings (ATAT) has the highest net margin (Atour Lifestyle Holdings (ATAT) 16.8%, Marriott International (MAR) 9.6%). On return on invested capital, Atour Lifestyle Holdings (ATAT) leads (Atour Lifestyle Holdings (ATAT) 73.2%, Marriott International (MAR) 25.5%).

Which stock has performed better?

Over the past year Marriott International (MAR) returned the most: Atour Lifestyle Holdings (ATAT) -19.8%, Ermenegildo Zegna (ZGN) +27.7%, Marriott International (MAR) +48.6%. Over five years, Marriott International (MAR) compounded fastest (Ermenegildo Zegna (ZGN) +5.7%/yr, Marriott International (MAR) +19.8%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Atour Lifestyle Holdings (ATAT) 0.00%, Ermenegildo Zegna (ZGN) 0.00%, Marriott International (MAR) 0.01%. Atour Lifestyle Holdings (ATAT) and Ermenegildo Zegna (ZGN) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Marriott International (MAR) has been the steadiest (Atour Lifestyle Holdings (ATAT) 39.5%, Ermenegildo Zegna (ZGN) 41.4%, Marriott International (MAR) 27.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ATAT, ZGN and MAR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Atour Lifestyle Holdings (ATAT) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.