Marriott International Inc (MAR)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 3,378,000 | 3,114,000 | 1,180,000 | -466,000 | 1,599,000 |
| Revenue | US$ in thousands | 23,713,000 | 20,773,000 | 13,857,000 | 10,571,000 | 20,972,000 |
| Pretax margin | 14.25% | 14.99% | 8.52% | -4.41% | 7.62% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $3,378,000K ÷ $23,713,000K
= 14.25%
Marriott International, Inc.'s pretax margin has displayed fluctuations over the last five years. The company experienced a significant improvement in profitability from 2019 to 2020, with the pretax margin increasing from 7.62% to 0.64%. This positive trend continued in 2021 when the pretax margin rose to 8.52%, indicating improved efficiency in generating profits before accounting for taxes.
In 2022, Marriott recorded a slightly lower pretax margin of 14.99% compared to the previous year. However, the most recent data as of December 31, 2023, shows a further decrease in pretax margin to 14.25%. Despite the decline, the company maintained a relatively strong pretax margin above 10% in the last two years.
Overall, Marriott's pretax margin performance suggests variability in profitability over the analyzed period, stemming from factors such as revenue growth, cost management, and operational efficiency. Monitoring this financial metric can provide insights into the company's ability to control costs and generate profits before taxes, influencing its overall financial health and sustainability.
Peer comparison
Dec 31, 2023