Marriott International Inc (MAR)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	22,710,000	22,857,000	22,567,000	22,211,000	21,908,000	21,989,000	21,397,000	20,669,000	19,247,000	14,031,000	12,668,000	10,523,000	8,637,000	10,973,000	9,362,000	7,686,000	9,992,000	13,191,000	16,132,000	19,922,000
Revenue (ttm)	US$ in thousands	25,100,000	24,766,000	24,439,000	24,075,000	23,713,000	23,541,000	22,926,000	22,189,000	20,773,000	19,296,000	17,929,000	15,740,000	13,857,000	11,583,000	9,891,000	8,206,000	10,571,000	13,770,000	16,800,000	20,641,000
Gross profit margin		90.48%	92.29%	92.34%	92.26%	92.39%	93.41%	93.33%	93.15%	92.65%	72.71%	70.66%	66.86%	62.33%	94.73%	94.65%	93.66%	94.52%	95.80%	96.02%	96.52%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $22,710,000K ÷ $25,100,000K
= 90.48%

The gross profit margin of Marriott International Inc has exhibited fluctuations over the past few years. It started strong in the first quarter of 2020 at 96.52% and experienced a gradual decline before reaching a low of 62.33% by the end of December 2021. However, there was a notable recovery from the first quarter of 2022 onwards, with the gross profit margin steadily improving to reach 92.39% by the end of December 2023. Despite a minor dip in the first quarter of 2024, the gross profit margin remained relatively stable around the 92% mark for the remainder of the year, closing at 90.48% by the end of December 2024. Overall, Marriott International Inc has demonstrated resilience in maintaining healthy gross profit margins, which is a positive indicator of its operational efficiency and profitability.