Marriot Vacations Worldwide (VAC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,855,000 | 1,818,000 | 1,934,000 | 1,453,000 | 729,000 |
| Revenue | US$ in thousands | 4,967,000 | 4,727,000 | 4,617,000 | 3,890,000 | 2,886,000 |
| Gross profit margin | 37.35% | 38.46% | 41.89% | 37.35% | 25.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,855,000K ÷ $4,967,000K
= 37.35%
Marriott Vacations Worldwide has shown a significant improvement in its gross profit margin over the years. The gross profit margin increased from 25.26% as of December 31, 2020, to 37.35% as of December 31, 2021, indicating a strong performance in managing costs and generating higher revenues.
Subsequently, the gross profit margin continued to rise to 41.89% by December 31, 2022, reflecting efficient cost management and potentially higher pricing power. Despite a slight decrease to 38.46% by December 31, 2023, the company maintained a healthy margin above the initial level.
As of December 31, 2024, the gross profit margin remained stable at 37.35%, demonstrating consistency in maintaining profitability. Overall, the trend in Marriott Vacation Worldwide's gross profit margin reflects a positive trajectory and effective operational performance during the period.