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Side-by-side financial comparison of Marriott International (MAR) and Raymond James Financial (RJF). Click either name above to swap in a different company.

Marriott International is the larger business by last-quarter revenue ($6.7B vs $4.2B, roughly 1.6× Raymond James Financial). Raymond James Financial runs the higher net margin — 13.5% vs 6.7%, a 6.8% gap on every dollar of revenue. On growth, Marriott International posted the faster year-over-year revenue change (4.1% vs 3.5%). Over the past eight quarters, Raymond James Financial's revenue compounded faster (7.1% CAGR vs 5.8%).

Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging brands that include hotel, residential, and timeshare properties. Marriott International owns over 37 hotel and timeshare brands with 9,000 locations and 1,597,380 rooms across its network. Marriott International is headquartered in Bethesda, Maryland. The company is the successor to the hospitality division of the Marriott Corporation, founded by J.

Raymond James Financial, Inc. is an American multinational independent investment bank and financial services company providing financial services to individuals, corporations, and municipalities through its subsidiary companies that engage primarily in investment and financial planning, in addition to investment banking and asset management. The company is headquartered in St. Petersburg, Florida.

MAR vs RJF — Head-to-Head

Bigger by revenue
MAR
MAR
1.6× larger
MAR
$6.7B
$4.2B
RJF
Growing faster (revenue YoY)
MAR
MAR
+0.6% gap
MAR
4.1%
3.5%
RJF
Higher net margin
RJF
RJF
6.8% more per $
RJF
13.5%
6.7%
MAR
Faster 2-yr revenue CAGR
RJF
RJF
Annualised
RJF
7.1%
5.8%
MAR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MAR
MAR
RJF
RJF
Revenue
$6.7B
$4.2B
Net Profit
$445.0M
$563.0M
Gross Margin
Operating Margin
11.6%
Net Margin
6.7%
13.5%
Revenue YoY
4.1%
3.5%
Net Profit YoY
-2.2%
-6.2%
EPS (diluted)
$1.67
$2.79

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MAR
MAR
RJF
RJF
Q4 25
$6.7B
$4.2B
Q3 25
$6.5B
$4.2B
Q2 25
$6.7B
$3.8B
Q1 25
$6.3B
$3.8B
Q4 24
$6.4B
$4.0B
Q3 24
$6.3B
$4.0B
Q2 24
$6.4B
$3.8B
Q1 24
$6.0B
$3.6B
Net Profit
MAR
MAR
RJF
RJF
Q4 25
$445.0M
$563.0M
Q3 25
$728.0M
$604.0M
Q2 25
$763.0M
$436.0M
Q1 25
$665.0M
$495.0M
Q4 24
$455.0M
$600.0M
Q3 24
$584.0M
$602.0M
Q2 24
$772.0M
$492.0M
Q1 24
$564.0M
$476.0M
Operating Margin
MAR
MAR
RJF
RJF
Q4 25
11.6%
Q3 25
18.2%
Q2 25
18.3%
14.7%
Q1 25
15.1%
17.5%
Q4 24
11.7%
18.6%
Q3 24
15.1%
Q2 24
18.6%
17.1%
Q1 24
14.7%
16.7%
Net Margin
MAR
MAR
RJF
RJF
Q4 25
6.7%
13.5%
Q3 25
11.2%
14.4%
Q2 25
11.3%
11.3%
Q1 25
10.6%
12.9%
Q4 24
7.1%
14.9%
Q3 24
9.3%
15.0%
Q2 24
12.0%
13.1%
Q1 24
9.4%
13.1%
EPS (diluted)
MAR
MAR
RJF
RJF
Q4 25
$1.67
$2.79
Q3 25
$2.67
$2.96
Q2 25
$2.78
$2.12
Q1 25
$2.39
$2.36
Q4 24
$1.64
$2.86
Q3 24
$2.07
$2.85
Q2 24
$2.69
$2.31
Q1 24
$1.93
$2.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MAR
MAR
RJF
RJF
Cash + ST InvestmentsLiquidity on hand
$358.0M
$9.9B
Total DebtLower is stronger
$15.0B
Stockholders' EquityBook value
$-3.8B
$12.6B
Total Assets
$27.5B
$88.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAR
MAR
RJF
RJF
Q4 25
$358.0M
$9.9B
Q3 25
$678.0M
$11.4B
Q2 25
$671.0M
$9.2B
Q1 25
$523.0M
$9.7B
Q4 24
$396.0M
$10.0B
Q3 24
$394.0M
$11.0B
Q2 24
$349.0M
$9.1B
Q1 24
$429.0M
$10.0B
Total Debt
MAR
MAR
RJF
RJF
Q4 25
$15.0B
Q3 25
$14.4B
Q2 25
$14.5B
Q1 25
$14.1B
Q4 24
$13.1B
Q3 24
$12.7B
Q2 24
$12.2B
Q1 24
$11.7B
Stockholders' Equity
MAR
MAR
RJF
RJF
Q4 25
$-3.8B
$12.6B
Q3 25
$-3.1B
$12.5B
Q2 25
$-3.0B
$12.3B
Q1 25
$-3.2B
$12.2B
Q4 24
$-3.0B
$11.9B
Q3 24
$-2.4B
$11.7B
Q2 24
$-2.1B
$11.2B
Q1 24
$-1.6B
$11.0B
Total Assets
MAR
MAR
RJF
RJF
Q4 25
$27.5B
$88.8B
Q3 25
$27.8B
$88.2B
Q2 25
$27.3B
$84.8B
Q1 25
$26.7B
$83.1B
Q4 24
$26.2B
$82.3B
Q3 24
$26.2B
$83.0B
Q2 24
$25.7B
$80.6B
Q1 24
$25.8B
$81.2B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MAR
MAR
RJF
RJF
Operating Cash FlowLast quarter
$829.0M
$-10.0M
Free Cash FlowOCF − Capex
$-56.0M
FCF MarginFCF / Revenue
-1.3%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
1.86×
-0.02×
TTM Free Cash FlowTrailing 4 quarters
$1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAR
MAR
RJF
RJF
Q4 25
$829.0M
$-10.0M
Q3 25
$1.1B
$796.0M
Q2 25
$643.0M
$691.0M
Q1 25
$647.0M
$117.0M
Q4 24
$318.0M
$830.0M
Q3 24
$880.0M
$510.0M
Q2 24
$772.0M
$711.0M
Q1 24
$779.0M
$391.0M
Free Cash Flow
MAR
MAR
RJF
RJF
Q4 25
$-56.0M
Q3 25
$951.0M
$752.0M
Q2 25
$488.0M
$634.0M
Q1 25
$512.0M
$71.0M
Q4 24
$-24.0M
$789.0M
Q3 24
$706.0M
$460.0M
Q2 24
$647.0M
$655.0M
Q1 24
$670.0M
$342.0M
FCF Margin
MAR
MAR
RJF
RJF
Q4 25
-1.3%
Q3 25
14.7%
17.9%
Q2 25
7.2%
16.5%
Q1 25
8.2%
1.8%
Q4 24
-0.4%
19.6%
Q3 24
11.3%
11.5%
Q2 24
10.0%
17.4%
Q1 24
11.2%
9.4%
Capex Intensity
MAR
MAR
RJF
RJF
Q4 25
1.1%
Q3 25
2.2%
1.1%
Q2 25
2.3%
1.5%
Q1 25
2.2%
1.2%
Q4 24
5.3%
1.0%
Q3 24
2.8%
1.2%
Q2 24
1.9%
1.5%
Q1 24
1.8%
1.3%
Cash Conversion
MAR
MAR
RJF
RJF
Q4 25
1.86×
-0.02×
Q3 25
1.50×
1.32×
Q2 25
0.84×
1.58×
Q1 25
0.97×
0.24×
Q4 24
0.70×
1.38×
Q3 24
1.51×
0.85×
Q2 24
1.00×
1.45×
Q1 24
1.38×
0.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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