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Held by 1,559 of 5,944 reporting institutions (99th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $334.00 today, the market must believe free cash flow compounds 15.8%/yr for a decade (off $2.4B normalized FCF).
The market's 15.8% is more optimistic than its 9-yr track record.
2-stage DCF · 0.27B shares · net debt -$335M
mean 15.8% · volatility σ 48% · implied rate exceeded in 5/9 yrs
Central path = implied 15.8%/yr growth; shaded band = ±1σ (48%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
7/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Earnings are backed by cash (FCF ≥ net income) — high quality. Lower/negative accruals = higher quality (Sloan).
Comfortably covers interest; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
The dividend is comfortably covered — only 28% of free cash flow, leaving room to grow it and fund buybacks. Last year: $718M dividends + $3.3B buybacks = $4.0B returned on $2.6B FCF.
4 consecutive years of dividend increases · 12%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: -69%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $358M is below the $1.2B due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~3517.4% on $23M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.19B 100.0% | $25.10B 100.0% | $23.71B 100.0% | $20.77B 100.0% | $13.86B 100.0% | $10.57B 100.0% | $20.97B 100.0% | $20.76B 100.0% | $20.45B 100.0% | $15.41B 100.0% |
| Selling, General & Admin | $870.0M 3.3% | $945.0M 3.8% | $867.0M 3.7% | $891.0M 4.3% | $823.0M 5.9% | $762.0M 7.2% | $938.0M 4.5% | $927.0M 4.5% | $921.0M 4.5% | $743.0M 4.8% |
| Total Operating Expenses | $22.05B 84.2% | $21.33B 85.0% | $19.85B 83.7% | $17.31B 83.3% | $12.11B 87.4% | $10.49B 99.2% | $19.17B 91.4% | $18.39B 88.6% | $17.95B 87.8% | $13.98B 90.8% |
| Operating Income | $4.14B 15.8% | $3.77B 15.0% | $3.86B 16.3% | $3.46B 16.7% | $1.75B 12.6% | $84.0M 0.8% | $1.80B 8.6% | $2.37B 11.4% | $2.50B 12.2% | $1.42B 9.2% |
| Interest Expense | $809.0M 3.1% | $695.0M 2.8% | $565.0M 2.4% | $403.0M 1.9% | $420.0M 3.0% | $445.0M 4.2% | $394.0M 1.9% | $340.0M 1.6% | $288.0M 1.4% | $234.0M 1.5% |
| Interest & Investment Income | $42.0M 0.2% | $40.0M 0.2% | $30.0M 0.1% | $26.0M 0.1% | $28.0M 0.2% | $27.0M 0.3% | $26.0M 0.1% | $22.0M 0.1% | $38.0M 0.2% | $35.0M 0.2% |
| Other Income (Expense), net | $9.0M 0.0% | $31.0M 0.1% | $40.0M 0.2% | $11.0M 0.1% | $10.0M 0.1% | $9.0M 0.1% | $154.0M 0.7% | $194.0M 0.9% | $688.0M 3.4% | $5.0M 0.0% |
| Pretax Income | $3.39B 13.0% | $3.15B 12.6% | $3.38B 14.2% | $3.11B 15.0% | $1.18B 8.5% | -$466.0M -4.4% | $1.60B 7.6% | $2.35B 11.3% | $2.98B 14.6% | $1.24B 8.0% |
| Income Tax Expense | $793.0M 3.0% | $776.0M 3.1% | $295.0M 1.2% | $756.0M 3.6% | $81.0M 0.6% | -$199.0M -1.9% | $326.0M 1.6% | $438.0M 2.1% | $1.52B 7.4% | $431.0M 2.8% |
| Net Income | $2.60B 9.9% | $2.38B 9.5% | $3.08B 13.0% | $2.36B 11.4% | $1.10B 7.9% | -$267.0M -2.5% | $1.27B 6.1% | $1.91B 9.2% | $1.46B 7.1% | $808.0M 5.2% |
| Per Share | ||||||||||
| EPS (Basic) | $9.53 | $8.36 | $10.23 | $7.27 | $3.36 | $-0.82 | $3.83 | $5.45 | $3.89 | $2.78 |
| EPS (Diluted) | $9.51 | $8.33 | $10.18 | $7.24 | $3.34 | $-0.82 | $3.80 | $5.38 | $3.84 | $2.73 |
| Weighted Avg Shares (Basic) | 272.9M | 284.2M | 301.5M | 324.4M | 327.2M | 325.8M | 332.7M | 350.1M | 375.2M | 290.9M |
| Weighted Avg Shares (Diluted) | 273.6M | 285.2M | 302.9M | 325.8M | 329.3M | 325.8M | 335.5M | 354.2M | 379.9M | 295.7M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Ranked against 490 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AMZN | $2.70T | — | — | — | — | — | — | 20.5% | 16.2% | — | 5,764 |
| TSLA | $1.34T | 331.6× | 142.2× | 14.2× | -2.9% | 18.0% | 4.0% | 4.6% | 4.2% | 0.9× | 4,029 |
| TM | $608.8B | 59.5× | 24.6× | 2.6× | 3.8% | 18.4% | 4.4% | 7.9% | 5.9% | 1.7× | 665 |
| PDD | $448.4B | 33.4× | 32.3× | 7.3× | 14.5% | 56.3% | 22.7% | 23.7% | 23.7% | — | 548 |
| HD | $301.3B | 21.3× | 14.3× | 1.8× | 3.2% | 33.3% | 8.6% | 110% | 22.8% | 2.0× | 3,970 |
| BABA | $201.7B | 135.7× | — | 1.4× | 8.1% | 39.8% | 10.1% | 9.8% | 9.8% | — | 1,298 |
| TJX | $136.0B | 25.2× | — | 2.3× | 7.1% | 31.0% | 9.1% | 53.9% | 42.1% | — | 2,608 |
| HTHT | $132.7B | 187.9× | 114.3× | — | — | — | — | 39.7% | 27.3% | 0.7× | 258 |
| SBUX | $110.7B | 59.7× | 26.9× | 3.0× | 2.8% | — | 5.0% | -22.9% | 23.3% | 3.4× | 2,252 |
| LOW | $108.9B | 16.4× | 12.0× | 1.3× | 3.1% | 33.5% | 7.7% | -67.1% | 22.3% | 3.2× | 2,591 |
| ABNB | $101.7B | — | 37.9× | 8.3× | 10.3% | 83.0% | 20.5% | 30.6% | 24.6% | 0.8× | 1,246 |
| MELI | $92.5B | 46.3× | — | 3.2× | 39.1% | 44.5% | 6.9% | 29.6% | 12.5% | — | 1,380 |
| MAR | $88.8B | 35.1× | 20.6× | 3.4× | 4.3% | — | 9.9% | -69.0% | -69.4% | 0.0× | 1,559 |
| LKNCY | $86.3B | 168.2× | 90.8× | 12.3× | 48.9% | — | 7.3% | 23.0% | 23.0% | — | 9 |
| GM | $78.3B | 26.5× | 3.9× | 0.4× | -1.3% | — | 1.5% | 4.4% | 4.4% | — | 1,447 |
| ROST | $72.5B | 34.0× | 21.6× | 3.2× | 7.7% | 27.7% | 9.4% | 34.7% | 27.8% | 0.5× | 1,276 |
| ORLY | $70.5B | 28.2× | 19.2× | 4.0× | 6.4% | 51.6% | 14.3% | -333% | 48.3% | 1.5× | 1,569 |
| HLT | $69.7B | 49.4× | 24.0× | 5.8× | 7.7% | — | 12.1% | -27.0% | -27.0% | — | 1,126 |
| RCL | $68.8B | 16.3× | — | 3.8× | 8.8% | 49.4% | 23.8% | 42.5% | 32.3% | — | 1,114 |
| SE | $63.4B | 41.1× | 25.1× | 2.8× | 36.4% | 44.7% | 6.9% | 12.6% | 12.6% | — | 718 |
| F | $54.2B | — | 4.5× | 0.3× | 1.2% | 6.8% | -4.4% | -22.7% | -22.7% | — | — |
| NKE | $53.1B | 17.0× | — | 1.1× | 0.2% | 42.9% | 6.7% | 20.9% | 13.6% | — | 1,848 |
| EBAY | $50.7B | 26.0× | 18.4× | 4.6× | 7.9% | 71.5% | 18.3% | 45.3% | 38.8% | 0.3× | 1,182 |
| AZO | $47.8B | 19.6× | 13.3× | 2.5× | 2.4% | 52.6% | 13.2% | -73.2% | 46.4% | 2.1× | 1,245 |
| CMG | $44.8B | 29.4× | 19.4× | 3.8× | 5.4% | — | 12.9% | 54.3% | 54.3% | 0.0× | 1,203 |
Peers = companies sharing MAR's sector (Consumer Cyclical) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-09-17
Nothing notable to watch.
Where each multiple sits in its own 13-yr range · 82th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 13-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 2.3× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 4.5 | 4.5 | 7.2 | 5.9 | 4.3 | 3.7 | 3.8 | 3.3 |
| Operating Income | 11.4 | 8.6 | 0.8 | 12.6 | 16.7 | 16.3 | 15.0 | 15.8 |
| Income Tax | 2.1 | 1.6 | -1.9 | 0.6 | 3.6 | 1.2 | 3.1 | 3.0 |
| Net Income | 9.2 | 6.1 | -2.5 | 7.9 | 11.4 | 13.0 | 9.5 | 9.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on MAR: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.