Marriott International Inc (MAR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,083,000 | 2,358,000 | 1,099,000 | -267,000 | 1,273,000 |
| Revenue | US$ in thousands | 23,713,000 | 20,773,000 | 13,857,000 | 10,571,000 | 20,972,000 |
| Net profit margin | 13.00% | 11.35% | 7.93% | -2.53% | 6.07% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $3,083,000K ÷ $23,713,000K
= 13.00%
The net profit margin of Marriott International, Inc. has shown a general increasing trend over the past five years. From 2019 to 2020, there was a significant drop in net profit margin from 6.07% to 2.53%. However, the company managed to bounce back and improve its profitability in subsequent years, reaching 7.93% in 2021, 11.35% in 2022, and further increasing to 13.00% in 2023.
This trend indicates that Marriott International, Inc. has been effectively managing its expenses and increasing its profitability over the years. The company's ability to consistently improve its net profit margin reflects its operational efficiency and strategic financial management. Overall, the increasing trend in net profit margin showcases Marriott International, Inc.'s commitment to enhancing its bottom line and delivering value to its shareholders.
Peer comparison
Dec 31, 2023