MAR vs TNL vs HBNB Stock Comparison

Marriott International, Travel & Leisure and Hotel101 Global Holdings Prices as of Nov 4, 2026 Peers: Industry group
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TNL Travel & Leisure Co.
$77.60 +25.8% 1M +23.8% 1Y
Market cap
$4.68B
P/E
20.2x
Revenue (TTM)
$4.15B
Div. yield
3.04%
Vacation Ownership Consumer Discretionary
4 wins

Head to Head

12 decided of 12

Marriott International leads on 8 of the 12 questions below (Marriott International 8, Travel & Leisure 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMARTNLHBNBLeader
Larger companyMarket capitalisation $109.41B $4.68B $1.17B MAR
Cheaper on earningsLower P/E, profitable companies only 41.7x 20.2x -39.9x TNL
Cheaper on forward earningsLower price / next fiscal year consensus EPS 37.0x 10.7x — TNL
Faster revenue growthRevenue growth, trailing twelve months +5.8% +4.6% — MAR
More profitableNet margin, trailing twelve months 9.7% 5.7% — MAR
Better return on capitalReturn on invested capital 26.9% 13.2% — MAR
Less leveragedLower net debt / EBITDA 3.2x 6.0x — MAR
Higher dividend yieldTrailing dividend yield 0.66% 3.04% — TNL
Better 1-year returnPrice return, last 12 months +56.1% +23.8% -2.0% MAR
Better 5-year returnAnnualised price return, 5 years +20.5%/yr +5.5%/yr — MAR
Less volatileAnnualised volatility, 1 year 27.3% 34.0% 73.2% MAR
Higher overall scoreMean of the five percentile scores vs peers 51/100 55/100 — TNL

Percentile Scorecard

MARTNLHBNB

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

AxisMARTNLHBNB
Valuation 21 #23 of 29 82 #6 of 29 4 #28 of 29
Growth 56 #12 of 26 32 #18 of 26 –
Profitability 68 #9 of 26 60 #11 of 26 –
Financial Health 48 #16 of 30 14 #26 of 30 21 #24 of 30
Shareholder Returns 61 #8 of 19 89 #3 of 19 –
Overall 51 55 –
  • MAR ranked among 31 companies in Travel and Lodging
  • TNL ranked among 31 companies in Travel and Lodging
  • HBNB 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

PeriodMARTNLHBNBSPY
1 month +19.4%+25.8%+10.9% -1.0%
3 months +17.6%-0.4%-8.9% -0.4%
6 months +18.3%+19.4%-19.2% +4.5%
Year to date +36.9%+10.0%-33.1% +12.4%
1 year +56.1%+23.8%-2.0% +13.6%
3 years +122.1%+118.9%— +76.4%
3 years, per year +30.5%+29.9%— +20.8%
5 years +153.5%+30.6%— +63.7%
5 years, per year +20.5%+5.5%— +10.4%
10 years +510.4%+167.6%— +267.7%
10 years, per year +19.8%+10.3%— +13.9%

Risk

MeasureMARTNLHBNBSPY
Volatility, 1Y 27.3%34.0%73.2% 12.8%
Downside volatility, 1Y 24.9%37.6%76.3% 12.7%
Beta vs S&P 500, 1Y 0.650.920.29 1.00
Return / volatility, 1Y 2.050.70-0.03 1.06
Max drawdown, 5Y -30.7%-47.6%-86.7% -25.4%
From 52-week high 0.0%-1.4%-50.0% -1.6%
52-week high $424.87$78.74$10.00 $779.14
52-week low $272.24$61.25$4.25 $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.

MultipleMARTNLHBNB
P/E now vs peer median 41.7xmedian 23.3x 20.2xmedian 23.3x -39.9xmedian 23.3x
P/S now vs peer median 4.0xmedian 1.5x 1.1xmedian 1.5x 15.4xmedian 1.5x
EV/EBITDA now vs peer median 24.8xmedian 15.4x 13.0xmedian 15.4x —median 15.4x
P/FCF now vs peer median 31.4xmedian 17.8x 11.2xmedian 17.8x -27.1xmedian 17.8x
P/B now vs peer median -21.5xmedian 2.5x -4.6xmedian 2.5x 68.4xmedian 2.5x
PEG now vs peer median 26.40median 0.36 -2.42median 0.36 —median 0.36

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 monthsMARTNLHBNB
Revenue $27.42B $4.15B –
Gross profit $5.54B $3.85B –
Operating income $4.34B $541.00M –
Net income $2.65B $235.00M –
Free cash flow $3.49B $417.00M –
EPS (diluted) $10.16 $3.75 –
Cash & equivalents $453.00M – $14.67M
Total debt $16.84B $4.04B –
Shares (diluted) 261.20M 62.60M –
Enterprise value $107.68B $4.68B $1.16B

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
MetricMARTNLHBNB
P/E 41.7x 20.2x -39.9x
P/FCF 31.4x 11.2x -27.1x
P/Operating cash flow 26.9x 9.1x –
P/S 4.0x 1.1x 15.4x
P/B -21.5x -4.6x 68.4x
P/Tangible book -7.0x -3.6x 68.4x
EV/EBITDA 24.8x 13.0x –
EV/EBIT 29.0x 16.1x –
EV/Revenue 4.6x 2.1x –
EV/FCF 36.1x 20.9x –
EV/Operating cash flow 30.9x 17.0x –
PEG (3Y EPS CAGR) 26.40 -2.42 –

Growth

14 metrics
MetricMARTNLHBNB
Revenue growth (1Y) 5.8% 4.6% –
Revenue CAGR (3Y) 5.2% 3.8% –
Gross profit growth (1Y) 8.2% -1.3% –
Gross profit CAGR (3Y) 1.5% 2.5% –
Operating income growth (1Y) 5.5% -30.8% –
Operating income CAGR (3Y) 1.6% -7.8% –
Net income growth (1Y) 1.6% -42.8% –
Net income CAGR (3Y) -3.0% -13.2% –
EPS growth (1Y) 6.0% -39.6% –
EPS CAGR (3Y) 1.6% -8.4% –
Operating cash flow growth (1Y) 50.6% -16.6% –
Operating cash flow CAGR (3Y) 12.5% 11.1% –
Free cash flow growth (1Y) 80.9% -17.6% –
Free cash flow CAGR (3Y) 13.2% 9.8% –

Profitability

14 metrics
MetricMARTNLHBNB
Gross margin 20.2% 92.7% –
EBITDA margin 18.5% 16.2% –
Operating margin 15.8% 13.0% –
Pretax margin 12.9% 8.1% –
Net margin 9.7% 5.7% –
FCF margin 12.7% 10.0% –
Operating cash flow margin 14.8% 12.3% –
Return on equity – – –
Return on assets 9.5% 3.3% –
Return on invested capital 26.9% 13.2% –
Return on capital employed 21.8% – –
Asset turnover 1.0x 0.6x –
Cash conversion (OCF / net income) 1.5x 2.2x –
Stock comp / revenue 0.9% 1.5% –

Financial Health

11 metrics
MetricMARTNLHBNB
Debt / assets 60.1% 55.3% –
Debt / equity -3.3x -4.0x –
Net debt / EBITDA 3.2x 6.0x –
Debt / FCF 4.8x 9.7x –
Liabilities / assets 118.1% 113.8% 88.8%
Equity / assets -18.1% -13.8% 11.2%
Interest coverage 5.0x 1.5x –
Current ratio 0.5x – 1.0x
Quick ratio 0.5x – 0.3x
Cash ratio 0.1x – 0.1x
Altman Z-score 4.31 – –

Shareholder Returns

7 metrics
MetricMARTNLHBNB
Dividend yield 0.7% 3.0% –
Net buyback yield 3.6% 6.9% –
Shareholder yield 4.3% 9.9% –
Payout ratio (earnings) 27.8% 63.4% –
Payout ratio (FCF) 21.2% 35.7% –
Dividend growth (1Y) 3.2% 0.7% –
Dividend CAGR (3Y) 9.6% 2.8% –

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.

ConsensusMARTNLHBNB
Forward P/E 37.0xFY2026 10.7xFY2026 –
EPS, next fiscal year $11.47FY2026 $7.22FY2026 –
EPS growth, next FY +14.5%FY2026 +13.9%FY2026 –
EPS growth, the year after +22.1% +24.9% –
Revenue, next fiscal year $26.29BFY2026 $4.44BFY2026 –
Revenue growth, next FY +0.4%FY2026 +10.5%FY2026 –
Revenue growth, the year after +4.2% +2.4% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMARTNLHBNB
Held by institutions 61.3% 100.0% –
Institutions holding 1,755 474 –
Change in shares held, QoQ +3.1% +5.0% –
Institutions buying 861 200 –
Institutions selling 550 193 –
Buyers to sellers 1.57 1.04 –

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.

MARTNLHBNB
MAR 1.00 0.58 0.01
TNL 0.58 1.00 -0.04
HBNB 0.01 -0.04 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MAR, TNL and HBNB?

Marriott International (MAR) is the largest by market capitalisation: Marriott International (MAR) $109.41B, Travel & Leisure (TNL) $4.68B, Hotel101 Global Holdings (HBNB) $1.17B.

Which stock is cheaper, MAR, TNL and HBNB?

Travel & Leisure (TNL) trades on the lowest price-to-earnings ratio (Marriott International (MAR) 41.7x, Travel & Leisure (TNL) 20.2x, Hotel101 Global Holdings (HBNB) -39.9x). On next year's consensus earnings, Travel & Leisure (TNL) is cheapest (Marriott International (MAR) 37.0x, Travel & Leisure (TNL) 10.7x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Marriott International (MAR) grew revenue fastest over the trailing twelve months: Marriott International (MAR) +5.8%, Travel & Leisure (TNL) +4.6%.

Which company is more profitable?

Marriott International (MAR) has the highest net margin (Marriott International (MAR) 9.7%, Travel & Leisure (TNL) 5.7%). On return on invested capital, Marriott International (MAR) leads (Marriott International (MAR) 26.9%, Travel & Leisure (TNL) 13.2%).

Which stock has performed better?

Over the past year Marriott International (MAR) returned the most: Marriott International (MAR) +56.1%, Travel & Leisure (TNL) +23.8%, Hotel101 Global Holdings (HBNB) -2.0%. Over five years, Marriott International (MAR) compounded fastest (Marriott International (MAR) +20.5%/yr, Travel & Leisure (TNL) +5.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Travel & Leisure (TNL) has the highest dividend yield: Marriott International (MAR) 0.66%, Travel & Leisure (TNL) 3.04%. Hotel101 Global Holdings (HBNB) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Marriott International (MAR) has been the steadiest (Marriott International (MAR) 27.3%, Travel & Leisure (TNL) 34.0%, Hotel101 Global Holdings (HBNB) 73.2%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MAR, TNL and HBNB?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Marriott International (MAR) leads on 8. 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.