Marriott International Inc (MAR)

Operating 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
Operating income (ttm)	US$ in thousands	3,767,000	3,733,000	3,888,000	3,789,000	3,864,000	4,142,000	4,001,000	3,855,000	3,462,000	3,101,000	2,688,000	2,224,000	1,750,000	987,000	694,000	54,000	84,000	486,000	841,000	1,404,000
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
Operating profit margin		15.01%	15.07%	15.91%	15.74%	16.29%	17.59%	17.45%	17.37%	16.67%	16.07%	14.99%	14.13%	12.63%	8.52%	7.02%	0.66%	0.79%	3.53%	5.01%	6.80%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,767,000K ÷ $25,100,000K
= 15.01%

The operating profit margin of Marriott International Inc has shown fluctuations over the past few years. It started at a relatively low level of 6.80% as of March 31, 2020, then decreased to 5.01% by June 30, 2020. The margin continued to decline to 0.79% by December 31, 2020, indicating challenges in maintaining profitability during that period.

However, the company's operating profit margin started to improve from March 31, 2021, when it reached 0.66%, and experienced a significant increase to 8.52% by September 30, 2021. The positive trend continued throughout the following quarters, reaching a peak of 17.59% as of September 30, 2023.

Although there was a slight decrease in the operating profit margin to 16.29% by December 31, 2023, it remained relatively stable around the 15-16% range for the subsequent quarters, ending at 15.01% as of December 31, 2024.

Overall, Marriott International Inc has shown a positive trend in its operating profit margin over the analyzed period, with notable improvements in profitability and efficiency in managing its operating costs.