Marriott International Inc (MAR)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,151,000 | 3,378,000 | 3,114,000 | 1,180,000 | -466,000 |
| Revenue | US$ in thousands | 25,100,000 | 23,713,000 | 20,773,000 | 13,857,000 | 10,571,000 |
| Pretax margin | 12.55% | 14.25% | 14.99% | 8.52% | -4.41% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $3,151,000K ÷ $25,100,000K
= 12.55%
Marriott International Inc's pretax margin has demonstrated significant improvement over the past five years, reflecting positive trends in the company's operating efficiency and profitability. The pretax margin stood at -4.41% as of December 31, 2020, indicating a loss-making period. However, the company successfully turned this around and recorded a pretax margin of 8.52% as of December 31, 2021, marking a substantial increase.
The trend continued to improve over the following years, with the pretax margin reaching 14.99% as of December 31, 2022, which further improved to 14.25% as of December 31, 2023. In the most recent period as of December 31, 2024, Marriott International Inc's pretax margin stood at 12.55%, demonstrating a slight decrease from the previous year but still indicating healthy profitability levels.
Overall, the upward trajectory of Marriott International Inc's pretax margin over the analyzed period indicates effective cost management, increased revenue generation, and overall positive operational performance.
Peer comparison
Dec 31, 2024