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Overview
Profile

Marriott International Company

MAR
US5719032022
913070

Price

262.63
Today +/-
+1.91
Today %
+0.80 %
P

Marriott International stock price

%
Weekly
Details

Price

Overview

The Quote Chart provides detailed and dynamic insights into the Marriott International stock's performance, showcasing daily, weekly, or monthly aggregated quotes. Users can switch between different time frames to analyze the stock's progression meticulously and make informed investment decisions.

Intraday Feature

The intraday feature provides real-time data, allowing investors to view the Marriott International stock’s price fluctuations within the trading day, facilitating timely and strategic investment decisions.

Total Return and Relative Price Change

View the total return of the Marriott International stock to gauge its profitability over time. The relative price change, based on the first quote available in the selected timeframe, offers insights into the stock’s performance, assisting in evaluating its investment potential.

Interpretation and Investment

Utilize the comprehensive data presented in the Quote Chart to analyze Marriott International's market trends, price movements, and potential returns. Make informed investment choices by comparing different time frames and evaluating intraday data for optimized portfolio management.

Marriott International Stock Price History

DateMarriott International Price
10/11/2024262.63 undefined
10/10/2024260.54 undefined
10/9/2024261.88 undefined
10/8/2024256.58 undefined
10/7/2024255.16 undefined
10/4/2024254.61 undefined
10/3/2024249.48 undefined
10/2/2024248.82 undefined
10/1/2024246.08 undefined
9/30/2024247.51 undefined
9/27/2024253.04 undefined
9/26/2024250.71 undefined
9/25/2024245.50 undefined
9/24/2024247.38 undefined
9/23/2024241.67 undefined
9/20/2024244.39 undefined
9/19/2024244.46 undefined
9/18/2024238.74 undefined
9/17/2024235.61 undefined
9/16/2024232.46 undefined
9/13/2024231.74 undefined
9/12/2024230.70 undefined

Marriott International Revenue, EBIT, Net Income

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details

Revenue, EBIT and Profit

Understanding Revenue, EBIT, and Income

Gain insights into Marriott International, a comprehensive overview of its financial performance can be obtained by analyzing the Revenue, EBIT, and Income chart. Revenue represents the total income generated by Marriott International from its primary operations, showcasing the company’s ability to attract and retain clients. EBIT, or Earnings Before Interest and Taxes, indicates the company’s operational profitability, free from the influence of tax and interest expenses. The Income section reflects Marriott International’s net earnings, an ultimate measure of its financial health and profitability.

Yearly Analysis and Comparisons

Observe the yearly bars to understand the annual performance and growth of Marriott International. Compare the Revenue, EBIT, and Income to evaluate the company’s efficiency and profitability. A higher EBIT compared to the previous year suggests an improvement in operational efficiency. Likewise, an increase in Income indicates enhanced overall profitability. Analyzing the year-to-year comparison assists investors in understanding the company’s growth trajectory and operational efficiency.

Utilizing Expectations for Investment

The expected values for the forthcoming years offer investors a glimpse into Marriott International’s anticipated financial performance. Analyzing these projections alongside historical data aids in making informed investment decisions. Investors can gauge the potential risks and returns, aligning their investment strategies accordingly to optimize profitability and mitigate risks.

Investment Insights

Leveraging the comparison between Revenue and EBIT helps in assessing Marriott International’s operational efficiency, while the Revenue and Income comparison reveals the net profitability after accounting for all expenses. Investors can derive valuable insights by meticulously analyzing these financial parameters, laying the foundation for strategic investment decisions aimed at capitalizing on Marriott International’s growth potential.

Marriott International Revenue, EBIT and net profit per share

DateMarriott International RevenueMarriott International EBITMarriott International Net Income
2029e33.93 B undefined0 undefined5.08 B undefined
2028e29.82 B undefined6.21 B undefined4.82 B undefined
2027e28.45 B undefined5.66 B undefined4.19 B undefined
2026e28.57 B undefined5.03 B undefined3.4 B undefined
2025e26.93 B undefined4.72 B undefined3.02 B undefined
2024e25.34 B undefined4.29 B undefined2.66 B undefined
202323.71 B undefined3.92 B undefined3.08 B undefined
202220.77 B undefined3.47 B undefined2.36 B undefined
202113.86 B undefined1.76 B undefined1.1 B undefined
202010.57 B undefined777 M undefined-267 M undefined
201920.97 B undefined1.94 B undefined1.27 B undefined
201820.76 B undefined2.52 B undefined1.91 B undefined
201720.45 B undefined2.66 B undefined1.46 B undefined
201615.41 B undefined1.81 B undefined808 M undefined
201514.49 B undefined1.35 B undefined859 M undefined
201413.8 B undefined1.16 B undefined753 M undefined
201312.78 B undefined988 M undefined626 M undefined
201211.81 B undefined940 M undefined571 M undefined
201112.32 B undefined850 M undefined198 M undefined
201011.69 B undefined695 M undefined458 M undefined
200910.91 B undefined513 M undefined-346 M undefined
200812.88 B undefined820 M undefined362 M undefined
200712.99 B undefined1.18 B undefined696 M undefined
200612 B undefined1.09 B undefined608 M undefined
200511.13 B undefined699 M undefined669 M undefined
200410.1 B undefined480 M undefined596 M undefined

Marriott International Income Statement, Balance Sheet, Cash Flow Statement

  • Simple

  • Expanded

  • Income Statement

  • Balance Sheet

  • Cashflow

 
REVENUE (B)REVENUE GROWTH (%)GROSS MARGIN (%)GROSS INCOME (B)EBIT (B)EBIT MARGIN (%)NET INCOME (B)NET INCOME GROWTH (%)DIV. ()DIV. GROWTH (%)SHARES (M)DOCUMENTS
1994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024e2025e2026e2027e2028e2029e
5.756.265.747.247.978.747.917.778.429.0110.111.131212.9912.8810.9111.6912.3211.8112.7813.814.4915.4120.4520.7620.9710.5713.8620.7723.7125.3426.9328.5728.4529.8233.93
-8.86-8.2726.1110.129.68-9.47-1.818.337.1212.0410.207.788.30-0.85-15.307.185.35-4.088.217.925.006.3632.741.501.03-49.5931.0949.9114.156.866.266.09-0.404.8013.80
40.2939.848.858.429.249.5014.6913.8410.479.9810.7313.0514.7115.0612.6011.3212.6213.0113.7513.8014.2514.6617.3418.6417.7015.3416.7320.2121.9421.61------
2.322.490.510.610.740.831.161.080.880.91.081.451.761.961.621.241.481.61.621.761.972.122.673.813.673.221.772.84.565.12000000
0.250.330.440.520.630.670.810.630.390.370.480.71.091.180.820.510.70.850.940.991.161.351.812.662.521.940.781.763.473.924.294.725.035.666.210
4.405.297.587.207.867.6210.218.144.594.104.756.289.069.116.374.705.946.907.967.738.409.3211.7513.0212.149.247.3512.6916.7216.5516.9417.5217.6119.8820.82-
0.160.220.270.320.390.40.470.240.280.50.60.670.610.70.36-0.350.460.20.570.630.750.860.811.461.911.27-0.271.12.363.082.663.023.44.194.825.08
-35.1923.2920.0020.372.5617.75-49.8917.3781.2318.7312.25-9.1214.47-47.99-195.58-232.37-56.77188.389.6320.2914.08-5.9480.5730.71-33.25-120.97-511.61114.5630.75-13.8513.5512.7323.2115.045.44
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533534561562552546514519515496486467435401371356378362333313297273296380354336326329326302.9000000
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Details

Keystats

Revenue and Growth

The Marriott International Revenue and Revenue Growth are pivotal to understanding the company's financial health and operational efficiency. A consistent increase in revenue indicates a company’s ability to effectively market and sell its products or services, while the revenue growth percentage offers insights into the pace at which the company is expanding over the years.

Gross Margin

The Gross Margin is a crucial metric that showcases the percentage of revenue exceeding the cost of goods sold (COGS). A higher gross margin is indicative of a company’s efficiency in controlling its production costs, thereby promising potential profitability and financial stability.

EBIT and EBIT Margin

EBIT (Earnings Before Interest and Taxes) and EBIT Margin offer deep insights into a company’s profitability, excluding the impacts of interest and taxes. Investors often assess these metrics to gauge the operational efficiency and inherent profitability of a business, separate from its financial structure and tax environment.

Income and Growth

Net Income and its subsequent growth are quintessential for investors looking to understand a company’s profitability. Consistent income growth underscores a company’s ability to enhance its profitability over time, reflecting operational efficiency, strategic competitiveness, and financial health.

Shares Outstanding

Shares outstanding refer to the total number of shares a company has issued. It's instrumental in calculating key metrics like Earnings Per Share (EPS) which is pivotal for investors to evaluate a company’s profitability on a per-share basis, offering a more granular view of financial health and valuation.

Interpreting Year to Year Comparison

Comparing yearly data allows investors to identify trends, assess the company’s growth, and anticipate potential future performance. Analyzing how metrics like revenue, income, and margins change year over year can provide valuable insights into the company’s operational efficiency, competitiveness, and overall financial health.

Expectations and Predictions

Investors often juxtapose the current and past financial data with the market’s expectations. This comparison aids in assessing whether the Marriott International is performing as anticipated, underperforming or outperforming the market predictions, providing pivotal data for investment decisions.

 
ASSETSCASH BALANCE (B)RECEIVABLES (B)OTHER REC. (M)INVENTORIES (B)OTHER CURRENT LIAB. (B)CURRENT ASSETS (B)TANGIBLE ASSETS (B)LONG-T. INVEST. (M)LONG-T. REC. (B)INTANGIBLE ASSETS (B)GOODWILL (B)OTHER NON-CURRENT ASSETS (B)NON-CURRENT ASSETS (B)TOTAL ASSETS (B)LIABILITIESCOMMON STOCK (M)ADDITIONAL PAID-IN CAPITAL (B)RETAINED EARNINGS (B)OTHER EQUITY (B)UNREAL. GAINS/LOSSES (M)EQUITY (B)LIABILITIES (B)PROVISIONS (B)OTHER SHORT-TERM LIAB. (B)SHORT-TERM DEBTS (M)LONG-TERM DEBT PORTION (B)SHORT-TERM REC. (B)LONG-T. LIAB. (B)DEFERRED TAXES (B)OTHER LIAB. (B)LONG-T. LIABILITIES (B)DEBT (B)TOTAL CAPITAL (B)
19951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023
                                                         
0.20.240.210.390.490.330.810.20.230.770.20.190.330.130.120.510.10.090.130.10.10.860.380.320.230.881.390.510.34
0.420.430.490.610.740.730.480.520.730.811.061.150.90.840.940.881.031.081.11.11.71.972.132.41.771.982.572.71
00000000000000000000000000000
0.140.120.090.080.090.100001.161.191.561.981.441.490.010.0100000000000
0.210.20.20.260.280.491.461.050.390.381.020.880.540.390.450.450.340.350.70.410.190.820.380.260.510.180.250.240.26
0.970.980.991.331.61.652.751.771.351.953.393.323.573.412.853.381.321.481.91.611.383.372.742.713.132.833.633.313.31
0.981.821.542.282.853.012.462.562.512.391.131.231.331.441.361.311.171.541.541.461.032.341.791.962.792.272.572.572.51
538491530228294747314475468319582402343346249250265216222224165728734732577422387335308
0.330.290.410.430.470.661.551.511.491.520.80.740.780.830.451.260.30.180.140.220.220.250.140.130.120.160.140.150.14
0.130.331.451.711.821.830.660.50.530.510.470.580.640.710.730.770.851.121.131.351.459.278.548.388.648.998.938.759.19
0000000.980.920.920.920.920.920.920.880.880.880.880.870.870.890.947.69.219.049.059.189.078.878.89
0.230.270.240.250.290.340.410.560.911.061.231.41.371.291.411.141.130.940.981.080.90.590.690.760.750.870.830.821.33
2.213.214.174.95.726.596.366.526.836.725.145.275.375.55.085.64.594.874.895.224.720.7721.1120.9921.9221.8821.9321.522.36
3.184.25.166.237.328.249.118.38.188.678.538.598.948.97.938.985.916.346.796.836.0824.1423.8523.725.0524.725.5524.8225.67
                                                         
00033333335555555555555555555
0002.712.743.593.383.223.323.423.563.623.533.593.593.642.512.592.722.82.825.815.775.815.85.855.895.976.05
0000.220.510.850.941.131.511.952.52.863.333.573.13.293.213.513.844.294.886.57.248.989.649.2110.3112.3414.84
1.251.442.59-0.02-0.04-0.72-0.34-0.11-0.12-0.1-0.150.040.05-0.020.01-0-0.05-0.04-0.04-0.08-0.2-0.5-0.02-0.39-0.36-0.14-0.34-0.73-0.65
000000000000000000011464000000
1.251.442.592.923.213.723.984.244.75.285.926.536.927.156.716.935.686.066.517.027.5111.821314.4115.0914.9315.8617.5820.25
0.630.720.470.50.630.660.610.510.580.570.520.661.540.70.560.630.550.570.560.610.590.690.780.770.720.530.730.750.74
0.220.260.320.350.40.440.320.370.410.510.560.610.641.261.211.241.141.21.451.431.392.292.512.312.722.282.352.63.14
0.350.420.450.540.70.821.011.080.710.7911.240.520.450.450.490.510.590.670.680.951.872.122.532.261.772.523.313.33
00000000000000000000000000000
0000.030.0200.030.220.060.490.060.020.180.120.060.140.360.410.010.320.30.310.40.830.981.170.810.680.55
1.21.41.251.411.741.921.972.181.772.362.132.522.882.532.292.52.562.772.683.043.235.155.816.446.685.756.417.347.76
0.180.680.421.271.682.022.711.551.390.841.681.822.792.982.232.691.822.533.153.453.818.27.848.519.969.29.339.3811.32
0000000000000000000001.020.610.490.290.080.170.310.21
0.550.670.90.9811.040.950.991.171.381.461.631.8122.272.212.322.332.392.552.634.426.016.047.429.238.237.227.07
0.731.351.332.252.673.053.662.542.562.223.153.454.64.984.54.94.134.855.5366.4413.6414.4615.0317.6718.5217.7316.9118.59
1.932.752.583.664.424.975.634.724.334.585.285.977.487.516.797.46.697.638.219.039.6718.7820.2621.4724.3524.2724.1424.2526.36
3.184.25.166.587.638.699.618.969.049.8511.212.514.414.6613.514.3312.3713.6814.7216.0617.1830.633.2635.8839.4439.24041.8346.6
Details

Balance Sheet

Understanding the Balance Sheet

The balance sheet of Marriott International provides a detailed financial snapshot, revealing the company's assets, liabilities, and equity at a specific point in time. Analyzing these components is crucial for investors looking to understand Marriott International's financial health and stability.

Assets

Marriott International's assets represent everything the company owns or controls that has monetary value. These are categorized into current and non-current assets, offering insights into the company's liquidity and long-term investments.

Liabilities

Liabilities are obligations that Marriott International must settle in the future. Analyzing the ratio of liabilities to assets provides insights into the company's financial leverage and risk exposure.

Equity

Equity refers to the residual interest in the assets of Marriott International after deducting liabilities. It represents the owners’ claim on the company’s assets and earnings.

Year-to-Year Analysis

Comparing balance sheet figures year-to-year allows investors to identify trends, growth patterns, and potential financial risks, facilitating informed investment decisions.

Interpreting the Data

Detailed analysis of assets, liabilities, and equity can provide investors with comprehensive insights into Marriott International's financial standing, aiding in investment evaluations and risk assessments.

 
NET INCOME (B)DEPRECIATION (M)DEFERRED TAXES (M)CHANGES IN WORKING CAPITAL (B)NON-CASH ITEM (B)PAID INTEREST (M)PAID TAXES (M)NET CASH FLOW FROM OPERATING ACTIVITIES (B)CAPITAL EXPENDITURES (M)CASH FLOW FROM INVESTING ACTIVITIES (B)CASH FLOW FROM OTHER INVESTING ACTIVITIES (B)INTEREST INCOME AND EXPENSES (M)NET DEBT CHANGE (B)NET CHANGE IN EQUITY (M)CASH FLOW FROM FINANCING ACTIVITIES (B)CASH FLOW FROM OTHER FINANCING ACTIVITIES (M)TOTAL DIVIDENDS PAID (M)NET CHANGE IN CASH FLOW (M)FREE CASH FLOW (M)SHARE-BASED COMPENSATION (M)
1994199519961997null1998nullnull19992000200120022003nullnull200420052006200720082009nullnull20102011201220132014201520162017201820192020202120222023
0.160.220.270.320.270.390.320.390.40.490.270.440.480.440.480.590.670.610.70.35-0.350.36-0.350.460.20.570.630.750.860.811.461.911.27-0.271.12.363.08
56678912689140126140162195222187160187160166184188197190185190185178144102127148139159279284403478295282277
0000000000000000000000000000000000000
0.060.140.170.120.180.070.10.070.230.320.03-0.11-0.13-0.11-0.130.13-0.12-0.04-0.090.27-0.060.28-0.060.090.060.030.1-0.030.05-0.020.120.030.021.11-0.03-0.470.09
0.03-0.15-0.03-0.03-0.030.01-0.030.01-0.08-0.15-0.11-0-0.1-0-0.09-00.110.22-0.02-0.171.1-0.191.10.420.690.380.40.460.580.880.550.320.180.52-00.39-0.08
32191119231123307468719471948887731151109611096148130838379114165234290348377391345476
1198196143961641431641501451251071441071441641821693502201102201106845-1777172218293636678526279362-476907
0.30.280.50.540.50.610.520.610.710.860.40.520.40.520.420.890.840.970.780.640.870.640.871.151.090.991.141.221.521.622.232.361.691.641.182.363.17
-86-127-293-520-293-937-520-937-929-1,095-560-292-210-292-210-181-780-529-671-357-147-357-147-307-183-437-296-411-305-199-240-556-653-135-183-332-452
-0.14-0.48-0.49-1.05-0.49-0.72-1.05-0.72-0.79-1.03-0.480.320.310.320.280.29-0.130.120.13-0.48-0.07-0.48-0.07-0.26-0.25-0.59-0.52-0.310.37-2.351.21-0.05-0.280.04-0.19-0.3-0.47
-0.05-0.35-0.2-0.53-0.190.21-0.530.210.140.070.080.610.520.610.490.470.650.650.8-0.130.08-0.130.080.04-0.06-0.15-0.220.10.67-2.151.450.50.370.17-00.04-0.01
0000000000000000000000000000000000000
-0.02-00.1600.160.8200.820.540.360.78-1.17-0.36-1.17-0.36-0.140.30.150.930.13-0.780.13-0.78-0.60.180.750.250.620.332.53-0.251.121.51-0.62-0.23-01.78
00000-3830-383-311-282-159-217-271-217-271-458-1,519-1,168-1,554-38327-38327141-1,301-966-635-1,332-1,877-534-3,007-2,846-2,253-1502-2,566-3,924
-0.20.210.020.580.020.30.580.30.180.020.56-1.45-0.68-1.45-0.67-0.64-1.27-1.1-0.76-0.36-0.82-0.36-0.82-0.5-1.25-0.42-0.58-0.93-1.891.5-3.9-2.37-1.51-1.03-0.46-2.96-2.86
-176215-132576-132-100576-100000017026352615-28160160011-11-10-85-124-157-105-156-111-234-72-133
00000-370-37-52-55-61-65-68-65-68-73-84-93-105-115-63-115-63-43-134-191-196-223-253-374-482-543-612-1560-321-587
-37123173411825018299-149486-61431-61431541-567-10141-198-19-198-19390-403-1438-22-8770-458-69-107641527-896-159
214154203220-33200-218-239-1572241930071057441107284721008449065528448131,2101,4201,9871,8011,0321,5049942,0312,718
0000000000000000000000000000000000000

Marriott International stock margins

The Marriott International margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Marriott International. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Marriott International.
  • 3 years

  • 5 years

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  • Max

Gross margin
EBIT margin
Profit margin
Details

Margin

Understanding Gross Margin

The gross margin, expressed as a percentage, delineates the gross profit made from the Marriott International's sales revenue. A higher gross margin percentage indicates that the Marriott International retains more revenue after accounting for the costs of goods sold. Investors use this metric to gauge financial health and operational efficiency, as well as to compare it with competitors and industry averages.

EBIT Margin Analysis

EBIT margin represents the Marriott International's earnings before interest and taxes. Analyzing the EBIT margin over different years provides insights into the operational profitability and efficiency, excluding the effects of financial leverage and tax structure. A growing EBIT margin over the years signifies improving operational performance.

Revenue Margin Insights

The revenue margin demonstrates the Marriott International's total revenue generated. When comparing the revenue margin year over year, investors can gauge the Marriott International's growth and market expansion. It is essential to compare the revenue margin with the gross and EBIT margins to understand the cost and profit structures better.

Interpreting Expectations

The expected values for gross, EBIT, and revenue margins provide future financial outlook of the Marriott International. Investors should compare these expectations with historical data to understand potential growth and risk factors. It is crucial to consider the underlying assumptions and methodologies used in projecting these expected values to make informed investment decisions.

Comparative Analysis

Comparing the gross, EBIT, and revenue margins, both yearly and over multiple years, enables investors to perform a comprehensive analysis of the Marriott International's financial health and growth prospects. Evaluating the trends and patterns in these margins helps in identifying strengths, weaknesses, and potential investment opportunities.

Marriott International Margin History

Marriott International Gross marginMarriott International Profit marginMarriott International EBIT marginMarriott International Profit margin
2029e21.61 %0 %14.97 %
2028e21.61 %20.82 %16.16 %
2027e21.61 %19.88 %14.73 %
2026e21.61 %17.61 %11.9 %
2025e21.61 %17.52 %11.2 %
2024e21.61 %16.94 %10.48 %
202321.61 %16.55 %13 %
202221.94 %16.72 %11.35 %
202120.21 %12.69 %7.93 %
202016.73 %7.35 %-2.53 %
201915.34 %9.24 %6.07 %
201817.7 %12.14 %9.19 %
201718.64 %13.02 %7.13 %
201617.34 %11.75 %5.24 %
201514.66 %9.32 %5.93 %
201414.25 %8.4 %5.46 %
201313.8 %7.73 %4.9 %
201213.75 %7.96 %4.83 %
201113.01 %6.9 %1.61 %
201012.62 %5.94 %3.92 %
200911.32 %4.7 %-3.17 %
200812.6 %6.37 %2.81 %
200715.06 %9.11 %5.36 %
200614.71 %9.06 %5.07 %
200513.05 %6.28 %6.01 %
200410.73 %4.75 %5.9 %

Marriott International Stock Sales Revenue, EBIT, Earnings per Share

The Marriott International earnings per share therefore indicates how much revenue Marriott International has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Sales per Share
EBIT per share
Earnings per Share
Details

Revenue, EBIT and Earnings per share

Revenue Per Share

Revenue per share represents the total revenue Marriott International earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates Marriott International's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of Marriott International’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating Marriott International's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

Marriott International Revenue, EBIT and net profit per share

DateMarriott International Sales per ShareMarriott International EBIT per shareMarriott International Earnings per Share
2029e120.54 undefined0 undefined18.05 undefined
2028e105.92 undefined0 undefined17.12 undefined
2027e101.07 undefined0 undefined14.88 undefined
2026e101.47 undefined0 undefined12.08 undefined
2025e95.65 undefined0 undefined10.72 undefined
2024e90.01 undefined0 undefined9.44 undefined
202378.29 undefined12.95 undefined10.18 undefined
202263.72 undefined10.66 undefined7.23 undefined
202142.12 undefined5.34 undefined3.34 undefined
202032.43 undefined2.38 undefined-0.82 undefined
201962.42 undefined5.77 undefined3.79 undefined
201858.64 undefined7.12 undefined5.39 undefined
201753.82 undefined7.01 undefined3.84 undefined
201652.05 undefined6.11 undefined2.73 undefined
201553.06 undefined4.95 undefined3.15 undefined
201446.45 undefined3.9 undefined2.54 undefined
201340.84 undefined3.16 undefined2 undefined
201235.48 undefined2.82 undefined1.71 undefined
201134.02 undefined2.35 undefined0.55 undefined
201030.93 undefined1.84 undefined1.21 undefined
200930.64 undefined1.44 undefined-0.97 undefined
200834.71 undefined2.21 undefined0.98 undefined
200732.39 undefined2.95 undefined1.74 undefined
200627.57 undefined2.5 undefined1.4 undefined
200523.83 undefined1.5 undefined1.43 undefined
200420.78 undefined0.99 undefined1.23 undefined

Marriott International business model

Marriott International Inc is a globally recognized company in the hospitality and hotel industry. It was founded in 1927 by J. Willard Marriott and has its headquarters in Bethesda, Maryland, USA. The history of Marriott International Inc began in Washington D.C, when J. Willard Marriott opened an A&W Root Beer Franchise at the age of 27. He later expanded his business and started a chain of hot dog stands before entering the hotel industry. In the 1950s, Marriott built the first hotel in Arlington, Virginia, USA, and continued to expand the company. In the following years, Marriott developed and improved its business model by dividing its hotel chain into multiple divisions. One of Marriott International's business models is the franchise option. Under this model, investors can operate hotels under the Marriott International brand while the company provides the hotel management system and brand recognition. Marriott International Inc also offers a variety of services to meet the needs of its customers. These include: 1. Marriott Hotels and Resorts, the luxury hotels of Marriott International Inc, are well-known worldwide for their excellent service and contemporary interior and design details. 2. Courtyard by Marriott is a mid-range hotel chain present in almost every medium-sized city in the USA. The hotel offers clean, simple accommodation and is priced in the mid-range. 3. Fairfield Inn & Suites is a hotel chain that offers a high standard of comfort, cleanliness, and service. This hotel is aimed at price-conscious buyers. 4. Marriott Vacation Club is a chain of resorts and vacation rentals that provide unique amenities and facilities. This chain was created for people who want to regularly rest and relax. 5. Resorts & Conference Centers, a division of Marriott International Inc, provides meeting rooms and exhibition halls for business and leisure travelers to conduct conferences and events. 6. The Ritz-Carlton brand is one of the most exclusive hotel brands in the world, offering unparalleled luxury and comfort standards. The hotels are a perfect way to experience luxury at the highest level. Marriott International Inc has also expanded its business model to the hospitality industry in recent years. Starwood Hotels, AC Hotels, Sheraton Hotels, and other brands are now part of Marriott International Inc. In total, the Marriott portfolio includes over 30 brands with almost 7000 hotels in over 130 countries. Marriott International Inc has a strong commitment to social responsibility and sustainability. It also has a legacy of service and hospitality that has made it one of the most popular hotel brands in the world. The company is known for providing its employees with great knowledge to help them fulfill their duties and improve their skills. In summary, Marriott International Inc offers a wide range of hotel and hospitality services to customers around the world. The company has maintained its reputation for high quality, service, and hospitality while radiating a high level of social responsibility and sustainability. Marriott International is one of the most popular companies on Eulerpool.com.

Marriott International revenue by segment

In the annual report of the Marriott International share (US5719032022, 913070, MAR), it breaks down its revenues into 4 segments: 1. North American Full-Service, 2. North American Limited-Service, 3. Other International, 4. Asia Pacific. The Marriott International stock (WKN: 913070, ISIN: US5719032022, Ticker Symbol: MAR) is a leading investment for investors interested in participating in the Consumer Discretionary sector.

  • 66 % North American Full-Service

  • 16 % North American Limited-Service

  • 12 % Other International

  • 6 % Asia Pacific

Marriott International Revenue by Segment

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Details

Revenue by Segment

Overview of Revenue by Segment

The chart visualizes revenues by segments and provides a clear overview of the revenue distribution. Each segment is clearly marked to facilitate comparisons of revenues.

Interpretation and Use

The chart enables quick identification of the highest-revenue segments, which is helpful in strategic decision-making. It supports the analysis of growth potentials and targeted resource allocation.

Investment Strategy

An investment strategy determines how capital is deliberately invested into various asset classes to maximize returns. It is based on risk tolerance, investment objectives, and a long-term plan.

Marriott International Revenue by Segment

Segmente2010
Net fee revenues-
Owned, leased, and other-
Reimbursements expenses-
Reimbursements-
Timeshare Segment1.55 B USD
North American Limited Service Segment2.15 B USD
Total Reportable Segments11.61 B USD
North American Full Service Segment5.11 B USD
Luxury Segment1.56 B USD
International Segment1.25 B USD
Unallocated Corporate80 M USD

Marriott International SWOT Analysis

Strengths

1. Established brand reputation and global presence.

2. Diverse portfolio of hotel brands catering to different target markets.

3. Strong financial position and revenue growth.

Weaknesses

1. Vulnerability to economic downturns and fluctuations in the travel industry.

2. Reliance on third-party hotel owners and franchisees.

3. High employee turnover due to the nature of the hospitality industry.

Opportunities

1. Expanding into emerging markets with growing travel and tourism industries.

2. Increasing demand for luxury and boutique hotel experiences.

3. Leveraging technology to enhance customer experiences and improve operational efficiency.

Threats

1. Intense competition from other major hotel chains and online travel agencies.

2. Disruption from alternative accommodation platforms like Airbnb.

3. Political and economic uncertainties impacting global travel patterns.

Marriott International Eulerpool Fair Value

Details

Fair Value

Understanding Fair Value

The fair value of a stock provides insights into whether the stock is currently undervalued or overvalued. It is calculated based on profit, revenue, or dividends and offers a comprehensive perspective of the stock’s intrinsic value.

Income-Based Fair Value

This is calculated by multiplying the earnings per share by the average P/E ratio of the selected past years for smoothing. If the fair value is higher than the current market price, it suggests that the stock is undervalued.

Example 2022

Fair Value Profit 2022 = Earnings per Share 2022 / Average P/E Ratio 2019 - 2021 (3 Years Smoothing)

Revenue-Based Fair Value

It is derived by multiplying the revenue per share by the average price-to-sales ratio of the selected past years for smoothing. An undervalued stock is identified if the fair value exceeds the ongoing market price.

Example 2022

Fair Value Revenue 2022 = Revenue per Share 2022 / Average PSR 2019 - 2021 (3 Years Smoothing)

Dividend-Based Fair Value

This value is determined by dividing the dividend per share by the average dividend yield of the selected past years for smoothing. A higher fair value than the market price indicates an undervalued stock.

Example 2022

Fair Value Dividend 2022 = Dividend per Share 2022 * Average Dividend Yield 2019 - 2021 (3 Years Smoothing)

Expectations and Forecasts

Future expectations provide potential trajectories for stock prices and aid investors in decision-making. The expected values are forecasted figures of fair value, taking into account the growth or decline trends of profit, revenue, or dividend.

Comparative Analysis

Comparing the fair value based on profit, revenue, and dividend provides a holistic overview of the stock’s financial health. Observing the annual and per-annual variations contributes to understanding the consistency and reliability of stock performance.

Marriott International historical P/E ratio, EBIT multiple, and P/S ratio

Marriott International shares outstanding

The number of shares was Marriott International in 2023 — This indicates how many shares 302.9 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details

Revenue, EBIT and Earnings per share

Revenue Per Share

Revenue per share represents the total revenue Marriott International earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates Marriott International's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of Marriott International’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating Marriott International's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

Marriott International stock splits

In Marriott International's history, there have been no stock splits.

Marriott International dividend history and estimates

In 2023, Marriott International paid a dividend amounting to 1.96 USD. Dividend means that Marriott International distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Details

Dividend

Dividend Overview

The dividend per year chart for Marriott International provides a comprehensive view of the annual dividends distributed to shareholders. Analyze the trend to understand the consistency and growth in dividend payouts over the years.

Interpretation and Use

A consistent or increasing trend in dividends can indicate the company's profitability and financial health. Investors can use this data to identify Marriott International’s potential for long-term investment and income generation through dividends.

Investment Strategy

Incorporate the dividend data in evaluating Marriott International's overall performance. A thorough analysis, considering other financial aspects, will help in making informed investment decisions for optimal capital growth and income generation.

Marriott International Dividend History

DateMarriott International Dividend
2029e8.02 undefined
2028e8.07 undefined
2027e8.06 undefined
2026e7.94 undefined
2025e8.2 undefined
2024e8.05 undefined
20231.96 undefined
20221 undefined
20200.48 undefined
20191.85 undefined
20181.56 undefined
20171.29 undefined
20161.15 undefined
20150.95 undefined
20140.77 undefined
20130.64 undefined
20120.49 undefined
20110.39 undefined
20100.21 undefined
20090.09 undefined
20080.33 undefined
20070.28 undefined
20060.24 undefined
20050.2 undefined
20040.16 undefined

Marriott International dividend payout ratio

In 2023, Marriott International had a payout ratio of 31.06%. The payout ratio indicates the percentage of the company's profits that Marriott International distributes as dividends.
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Payout ratio
Details

Payout ratio

What is Yearly Payout Ratio?

The yearly payout ratio for Marriott International represents the proportion of earnings paid out as dividends to shareholders. It is an indicator of the company's financial health and stability, illustrating how much profit is being returned to investors versus being reinvested back into the company.

How to Interpret the Data

A lower payout ratio for Marriott International could mean that the company is reinvesting more into its growth, whereas a higher ratio indicates more earnings are being distributed as dividends. Investors seeking regular income might prefer companies with a higher payout ratio, while those looking for growth may opt for companies with a lower ratio.

Using the Data for Investments

Evaluate Marriott International's payout ratio in conjunction with other financial metrics and performance indicators. A sustainable payout ratio, coupled with strong financial health, can indicate a reliable dividend payout. However, a very high ratio might suggest the company is not sufficiently reinvesting in its future growth.

Marriott International Payout Ratio History

DateMarriott International Payout ratio
2029e25.48 %
2028e24.95 %
2027e24.99 %
2026e26.51 %
2025e23.33 %
2024e25.14 %
202331.06 %
202213.81 %
202130.54 %
2020-58.54 %
201948.81 %
201829 %
201733.68 %
201642.12 %
201530.16 %
201430.31 %
201332 %
201228.49 %
201170.45 %
201017.15 %
2009-8.92 %
200834.42 %
200716.34 %
200617.08 %
200513.83 %
200413.38 %
Unfortunately, there are currently no price targets and forecasts available for Marriott International.

Marriott International latest earnings and earnings surprises

DateEPS EstimateEPS ActualQuarterly report
6/30/20242.5 2.5  (0.09 %)2024 Q2
3/31/20242.19 2.13  (-2.6 %)2024 Q1
12/31/20232.14 3.57  (66.6 %)2023 Q4
9/30/20232.13 2.11  (-0.78 %)2023 Q3
6/30/20232.2 2.26  (2.74 %)2023 Q2
3/31/20231.86 2.09  (12.2 %)2023 Q1
12/31/20221.85 1.96  (5.98 %)2022 Q4
9/30/20221.7 1.69  (-0.51 %)2022 Q3
6/30/20221.57 1.8  (14.34 %)2022 Q2
3/31/20220.91 1.25  (38.05 %)2022 Q1
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Eulerpool ESG Scorecard© for the Marriott International stock

Eulerpool World ESG Rating (EESG©)

72/ 100

🌱 Environment

71

👫 Social

86

🏛️ Governance

58

Environment

Scope 1 - Direct Emissions
1,150,320
Scope 2 - Indirect emissions from purchased energy
4,806,950
Scope 3 - Indirect emissions within the value chain
11,981,100
Total CO₂ emissions
5,957,260
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency

Social

Percentage of female employees44
Percentage of women in management
Percentage of Asian employees10.9
Share of Asian management9.5
Percentage of Hispanic/Latino employees33
Hispano/Latino Management share19.2
Percentage of Black employees19.7
Black Management Share11.1
Percentage of white employees30
White Management Share55.4
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic

Governance (Corporate Governance)

Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Marriott International shareholders

%
Name
Stocks
Change
Date
7.41380 % The Vanguard Group, Inc.20,871,32242,00412/31/2023
4.11329 % Marriott (Richard E)11,579,729-610,7223/1/2024
3.72856 % BlackRock Institutional Trust Company, N.A.10,496,644-2,39312/31/2023
3.54646 % State Street Global Advisors (US)9,983,987188,88112/31/2023
3.03503 % JP Morgan Asset Management8,544,2181,390,93812/31/2023
2.42818 % Fidelity Management & Research Company LLC6,835,824-1,091,30112/31/2023
2.29529 % MFS Investment Management6,461,713-184,74412/31/2023
12.23826 % Marriott (John Willard Jr)34,453,143152,7273/1/2024
1.93195 % Invesco Capital Management (QQQ Trust)5,438,827-102,3583/31/2024
1.74097 % Geode Capital Management, L.L.C.4,901,17733,47012/31/2023
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3
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5
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Marriott International Executives and Management Board

Mr. Anthony Capuano57
Marriott International President, Chief Executive Officer, Director (since 2009)
Compensation 18.69 M
Ms. Kathleen Oberg62
Marriott International Chief Financial Officer, Executive Vice President - Business Operations
Compensation 6.09 M
Mr. William Brown62
Marriott International Group President - United States and Canada
Compensation 4.76 M
Mr. David Marriott49
Marriott International Chairman of the Board (since 2021)
Compensation 1.38 M
Ms. Margaret Mccarthy69
Marriott International Independent Director
Compensation 352,770
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Marriott International Supply Chain

NameRelationshipTwo-week correlationOne-month correlationThree-Month CorrelationSix-Month CorrelationOne Year CorrelationTwo-Year Correlation
Eagle Hospitality Trust Stock
Eagle Hospitality Trust
SupplierCustomer-----0,30
SupplierCustomer0,930,630,04-0,39-0,130,45
SupplierCustomer0,930,880,260,620,870,63
SupplierCustomer0,920,540,49-0,480,340,62
SupplierCustomer0,920,900,640,800,940,83
Unitech Stock
Unitech
SupplierCustomer0,91-0,03-0,220,37-0,01
Hosp Prop Fund Stock
Hosp Prop Fund
SupplierCustomer0,910,800,08-0,700,450,52
SupplierCustomer0,860,820,320,490,760,60
SupplierCustomer0,850,790,530,78-0,58-0,31
SupplierCustomer0,840,44-0,24-0,030,670,62
1
2
3
4
5
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Most common questions regarding Marriott International

What values and corporate philosophy does Marriott International represent?

Marriott International Inc represents values of integrity, excellence, and serving their guests. With a strong corporate philosophy, the company is dedicated to providing exceptional hospitality experiences, delivering personalized service, and prioritizing customer satisfaction. Marriott International Inc strives to foster a culture of inclusivity and diversity by embracing different perspectives and engaging communities worldwide. This global hotel chain focuses on environmental sustainability, promoting responsible practices, and positively impacting the planet through its sustainability and social impact platform, Serve 360. Marriott International Inc continually aims to create meaningful connections and enrich the lives of its guests, associates, and stakeholders.

In which countries and regions is Marriott International primarily present?

Marriott International Inc is primarily present in countries and regions worldwide. With a vast global presence, this renowned company has established its footprint in over 130 countries and territories. Marriott International Inc operates a diverse portfolio of hotels and resorts across North America, Europe, Asia Pacific, the Middle East, Africa, and the Caribbean regions. Its renowned brands, including Marriott Hotels, Sheraton, Westin, and Ritz-Carlton, can be found in major cities, leisure destinations, and business hubs around the globe. Marriott International Inc's commitment to providing exceptional hospitality services has enabled it to become a trusted and leading player in the global hospitality industry.

What significant milestones has the company Marriott International achieved?

Marriott International Inc has achieved several significant milestones over the years. Firstly, the company has successfully expanded its global presence, operating in over 130 countries and territories. Additionally, Marriott introduced its innovative loyalty program, Marriott Bonvoy, providing customers with unique benefits and personalized experiences. Furthermore, the company has made strategic acquisitions, such as merging with Starwood Hotels & Resorts, enhancing growth opportunities. Marriott International Inc is also known for its commitment to sustainability, aiming to reduce its environmental footprint and promote responsible travel. Through these achievements, Marriott International Inc has solidified its position as a leading global hospitality company.

What is the history and background of the company Marriott International?

Marriott International Inc, founded in 1927, is a leading global hospitality company. With its headquarters in Bethesda, Maryland, Marriott has a rich history of over 90 years in the industry. It was initially established as a root beer stand by J. Willard Marriott and his wife, Alice Marriott. Over the years, Marriott has expanded its portfolio to encompass a diverse range of hotel brands, including Marriott Hotels & Resorts, Sheraton, Westin, and Ritz-Carlton. Today, Marriott International Inc operates in over 130 countries and territories, serving as a trusted provider of exceptional accommodations, business solutions, and world-class customer service to travelers worldwide. Its commitment to innovation, sustainability, and personalized guest experiences has solidified Marriott's position as a prominent player in the hospitality sector.

Who are the main competitors of Marriott International in the market?

The main competitors of Marriott International Inc in the market include Hilton Worldwide Holdings Inc, Hyatt Hotels Corporation, and InterContinental Hotels Group PLC.

In which industries is Marriott International primarily active?

Marriott International Inc is primarily active in the hospitality industry. As one of the world's leading hotel chains, Marriott operates and franchises a vast range of hotels and resorts globally. With a diverse portfolio, Marriott caters to different segments including luxury, upper upscale, and select service hotels for various types of travelers. Furthermore, Marriott International Inc is continuously expanding its presence in the vacation ownership market, offering customers the opportunity to enjoy high-quality vacation experiences. With its strong brand reputation and extensive network, Marriott remains a key player in the global hospitality sector, providing exceptional accommodations and services to travelers worldwide.

What is the business model of Marriott International?

The business model of Marriott International Inc is focused on the hospitality industry. Marriott operates and franchises a wide range of hotels and lodging properties around the world. The company's business model revolves around providing exceptional guest experiences and offering a diverse portfolio of brands catering to various customer segments. Marriott generates revenue through hotel room bookings, food and beverage services, event and conference hosting, and other complementary services. With a strong emphasis on customer satisfaction and brand reputation, Marriott aims to create value for its shareholders by continuously expanding its global presence and driving sustainable growth in the hospitality sector.

What is the P/E ratio of Marriott International 2024?

The Marriott International P/E ratio is 29.95.

What is the P/S ratio of Marriott International 2024?

The Marriott International P/S ratio is 3.14.

What is the Quality Investing of Marriott International?

The Quality Investing for Marriott International is 7/10.

What is the revenue of Marriott International 2024?

The expected Marriott International revenue is 25.34 B USD.

How high is the profit of Marriott International 2024?

The expected Marriott International profit is 2.66 B USD.

What is the business model of Marriott International

Marriott International Inc is a leading hotel chain worldwide, operating over 30 different brands in more than 130 countries. The company was founded in 1927 and is currently headquartered in Bethesda, Maryland. Its business model is based on operating various hotel brands and related services and products. The different brands and divisions of the company include Marriott Hotels & Resorts, Courtyard by Marriott, Ritz-Carlton, Sheraton Hotels & Resorts, Le Méridien, Renaissance Hotels, and Westin Hotels & Resorts. The company also operates loyalty programs, such as the Marriott Bonvoy program, and offers various dining and bar options within its hotels. The business model relies on generating revenue from hotel stays, as well as additional products and services such as restaurants, conference rooms, and wellness offerings. Franchise agreements are an important element of the business model, allowing hotel owners to use Marriott International's brand and benefit from its recognition in exchange for a percentage of the revenue and support in areas like marketing and training. The company also operates its own hotels, which yield higher margins compared to franchise hotels. The MICE (Meetings, Incentives, Conferences and Exhibitions) business is another important segment, where Marriott International provides conference and event spaces in its hotels for corporate rentals. Overall, Marriott International is a successful hotel chain with a diverse portfolio of brands and services, operating a profitable business model and playing a dominant role in the hotel industry.

What is the Marriott International dividend?

Marriott International pays a dividend of 1 USD distributed over payouts per year.

How often does Marriott International pay dividends?

The dividend cannot currently be calculated for Marriott International or the company does not pay out a dividend.

What is the Marriott International ISIN?

The ISIN of Marriott International is US5719032022.

What is the Marriott International WKN?

The WKN of Marriott International is 913070.

What is the Marriott International ticker?

The ticker of Marriott International is MAR.

How much dividend does Marriott International pay?

Over the past 12 months, Marriott International paid a dividend of 1.96 USD . This corresponds to a dividend yield of about 0.75 %. For the coming 12 months, Marriott International is expected to pay a dividend of 8.2 USD.

What is the dividend yield of Marriott International?

The current dividend yield of Marriott International is 0.75 %.

When does Marriott International pay dividends?

Marriott International pays a quarterly dividend. This is distributed in the months of December, March, June, September.

How secure is the dividend of Marriott International?

Marriott International paid dividends every year for the past 8 years.

What is the dividend of Marriott International?

For the upcoming 12 months, dividends amounting to 8.2 USD are expected. This corresponds to a dividend yield of 3.12 %.

In which sector is Marriott International located?

Marriott International is assigned to the 'Cyclical consumption' sector.

Wann musste ich die Aktien von Marriott International kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Marriott International from 9/30/2024 amounting to 0.63 USD, you needed to have the stock in your portfolio before the ex-date on 8/16/2024.

When did Marriott International pay the last dividend?

The last dividend was paid out on 9/30/2024.

What was the dividend of Marriott International in the year 2023?

In the year 2023, Marriott International distributed 1 USD as dividends.

In which currency does Marriott International pay out the dividend?

The dividends of Marriott International are distributed in USD.

All fundamentals about Marriott International

Our stock analysis for Marriott International Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Marriott International Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.