Marriott International Inc (MAR)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 1,599,000 | 1,618,000 | 1,685,000 | 2,245,000 |
| 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 |
| Pretax margin | 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% | 7.62% | 7.75% | 8.16% | 10.81% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $3,378,000K ÷ $23,713,000K
= 14.25%
Marriott International, Inc.'s pre-tax margin has shown a generally positive trend over the quarters analyzed. The company's pre-tax margin ranged from a low of 10.69% in Q1 2022 to a high of 15.69% in Q1 2023. This indicates an improving profitability trend over the past eight quarters. The highest pre-tax margin of 15.69% was achieved in Q1 2023, reflecting the company's ability to effectively manage its operational expenses relative to its revenue generation. Overall, the increasing pre-tax margin suggests that Marriott International, Inc. has been successful in controlling costs and optimizing its profitability over the specified periods.
Peer comparison
Dec 31, 2023