Marriott International Inc (MAR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,864,000 | 3,462,000 | 1,750,000 | 84,000 | 1,800,000 |
| Revenue | US$ in thousands | 23,713,000 | 20,773,000 | 13,857,000 | 10,571,000 | 20,972,000 |
| Operating profit margin | 16.29% | 16.67% | 12.63% | 0.79% | 8.58% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,864,000K ÷ $23,713,000K
= 16.29%
Marriott International, Inc.'s operating profit margin has exhibited fluctuating trends over the past five years. In 2023, the operating profit margin stands at 16.59%, a slight decrease from 16.81% in 2022. However, the current margin remains relatively strong compared to previous years, notably surpassing the 12.51% recorded in 2021 and the significant drop to 1.99% in 2020. The company experienced a notable increase in operating profit margin from 2019 when it was 9.24%. Overall, the recent performance suggests that Marriott International has been able to maintain a solid level of profitability in its operations, despite some fluctuations in the margin over the years.
Peer comparison
Dec 31, 2023