Marriott International Inc (MAR)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	21,908,000	19,247,000	12,564,000	9,026,000	19,183,000
Revenue	US$ in thousands	23,713,000	20,773,000	13,857,000	10,571,000	20,972,000
Gross profit margin		92.39%	92.65%	90.67%	85.38%	91.47%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $21,908,000K ÷ $23,713,000K
= 92.39%

Based on the provided data, Marriott International, Inc. has consistently maintained a gross profit margin of 100% over the past five years. A gross profit margin of 100% indicates that the company is generating revenue that fully covers the cost of goods sold, resulting in all revenue being retained as gross profit. This implies that Marriott International has effectively managed its operating costs and maintained profitability on its core business operations over the period under review.