Marriot Vacations Worldwide (VAC)
Net profit 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 218,000 | 203,000 | 161,000 | 214,000 | 254,000 | 307,000 | 374,000 | 420,000 | 391,000 | 364,000 | 265,000 | 135,000 | 49,000 | -49,000 | -121,000 | -197,000 | -275,000 | -164,000 | -111,000 | 8,000 |
| Revenue (ttm) | US$ in thousands | 4,967,000 | 4,834,000 | 4,715,000 | 4,753,000 | 4,727,000 | 4,709,000 | 4,775,000 | 4,761,000 | 4,644,000 | 4,568,000 | 4,368,000 | 4,183,000 | 3,890,000 | 3,537,000 | 3,134,000 | 2,635,000 | 2,886,000 | 3,284,000 | 3,774,000 | 4,362,000 |
| Net profit margin | 4.39% | 4.20% | 3.41% | 4.50% | 5.37% | 6.52% | 7.83% | 8.82% | 8.42% | 7.97% | 6.07% | 3.23% | 1.26% | -1.39% | -3.86% | -7.48% | -9.53% | -4.99% | -2.94% | 0.18% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $218,000K ÷ $4,967,000K
= 4.39%
Marriot Vacations Worldwide's net profit margin has shown fluctuations over the reported periods. The company experienced negative margins in the second half of 2020 and the first half of 2021, indicating that its expenses were exceeding its revenues during those times. However, beginning in the second quarter of 2021, the net profit margin started to improve steadily, indicating better control over costs and more efficient revenue generation.
From March 2022 onwards, there was a significant uptrend in the net profit margin, reaching a peak of 8.82% by March 2023. This indicates that the company was able to increase profitability compared to its revenue during this period. However, from June 2023 onwards, there was a slight decline in the net profit margin, which stabilized around the range of 4-8% until the end of 2024.
Overall, the trend in Marriot Vacations Worldwide's net profit margin shows a recovery from negative margins to positive margins, indicating improvements in the company's financial performance and profitability over the analyzed periods.