Marriott International Inc (MAR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 3,151,000 | 3,134,000 | 3,337,000 | 3,261,000 | 3,378,000 | 3,688,000 | 3,568,000 | 3,482,000 | 3,114,000 | 2,771,000 | 2,180,000 | 1,683,000 | 1,180,000 | 318,000 | 167,000 | -512,000 | -466,000 | 174,000 | 574,000 | 1,186,000 |
| 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 |
| Pretax margin | 12.55% | 12.65% | 13.65% | 13.55% | 14.25% | 15.67% | 15.56% | 15.69% | 14.99% | 14.36% | 12.16% | 10.69% | 8.52% | 2.75% | 1.69% | -6.24% | -4.41% | 1.26% | 3.42% | 5.75% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,151,000K ÷ $25,100,000K
= 12.55%
Marriott International Inc's pretax margin has shown significant fluctuations over the quarters provided.
The pretax margin started at a relatively low level of 5.75% on March 31, 2020, before declining to 3.42% on June 30, 2020. Subsequently, there was a notable decrease to 1.26% on September 30, 2020, followed by negative margins of -4.41% on December 31, 2020, and -6.24% on March 31, 2021.
However, the company showed signs of improvement with positive pretax margins returning, reaching 1.69% on June 30, 2021, and further increasing to 2.75% on September 30, 2021. The trend continued positively with pretax margins of 8.52% on December 31, 2021, 10.69% on March 31, 2022, and 12.16% on June 30, 2022.
There was a substantial jump in pretax margin to 14.36% on September 30, 2022, followed by further growth to 14.99% on December 31, 2022, and 15.69% on March 31, 2023. The pretax margin remained relatively stable around the 15% mark through June 30, 2024, before slightly dipping to 12.55% on December 31, 2024.
Overall, Marriott International Inc's pretax margin reflects a mixed performance, with periods of improvement and recovery following challenging quarters, indicating the company's ability to adapt to changing economic conditions and operational challenges in the hospitality industry.
Peer comparison
Dec 31, 2024