Marriott International Inc (MAR)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 1,800,000 | 1,948,000 | 1,937,000 | 2,346,000 |
| 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 |
| Operating profit margin | 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% | 8.58% | 9.33% | 9.38% | 11.30% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,864,000K ÷ $23,713,000K
= 16.29%
Marriott International, Inc.'s operating profit margin has shown a positive trend over the past eight quarters. The company's operating profit margin increased from 16.81% in Q4 2022 to 17.82% in Q3 2023, representing a significant improvement. This upward trend indicates that Marriott has been effectively managing its operating expenses relative to its revenue generation.
Although there were some fluctuations quarter to quarter, with slight decreases in Q4 2023 and Q1 2022 compared to the previous quarters, the overall trend remains positive. The operating profit margin peaked at 17.82% in Q3 2023, which suggests that Marriott was able to generate more operating income per dollar of sales during that period.
The consistent improvement in operating profit margin over the past quarters reflects Marriott's efficiency in controlling costs and managing its operations effectively. This trend is generally viewed positively by investors and stakeholders as it indicates the company's ability to generate profits from its core business activities.
Peer comparison
Dec 31, 2023
See also:
Marriott International Inc Operating Profit Margin (Quarterly Data)