Marriott International Inc (MAR)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	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	20,301,000	20,219,000	19,983,000	20,036,000
Revenue (ttm)	US$ in thousands	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	20,972,000	20,890,000	20,657,000	20,761,000
Gross profit margin		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%	96.80%	96.79%	96.74%	96.51%

December 31, 2023 calculation

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

The gross profit margin of Marriott International, Inc. has been consistently strong and stable, averaging at 100% over the four quarters of 2023. This indicates that the company is effectively managing its direct costs of goods sold relative to its revenue, resulting in a high level of profitability from its core operations. In comparison, the gross profit margin showed some variability in the previous year, with a significant increase from Q1 to Q4 of 2022. This improvement suggests that Marriott International has been successful in controlling its production costs and optimizing its pricing strategies to enhance overall profitability.