Murano Global Investments (MRNO) Selling, General & Administrative (2023 - 2025)
Murano Global Investments (MRNO) reported Selling, General & Administrative of $74.56 million for the quarter ended Dec 31, 2025, up 35.7% from $54.93 million a year earlier.
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Analysis
Murano Global Investments (MRNO) Selling, General & Administrative (2023 - 2025) Analysis & Trends
For the year ended Dec 31, 2025, Murano Global Investments posted Selling, General & Administrative of $80.9 million, up 6.5% from the prior year.
- Selling, General & Administrative has increased for four consecutive years, with a four-year compound annual growth rate of 104.6% (years ended Dec 2021 to Dec 2025).
- By year, Selling, General & Administrative came in at $75.96 million in the year ended Dec 31, 2024 (+119.1%), $34.66 million in the year ended Dec 31, 2023 (+178.0%), $12.47 million in the year ended Dec 31, 2022 (+170.3%) and $4.61 million in the year ended Dec 31, 2021.
- The figure for the quarter ended Dec 31, 2025 ranks as the highest quarterly Selling, General & Administrative in data going back to the quarter ended Mar 31, 2023.
- Year over year, Selling, General & Administrative gained in five of the last six quarters, with growth averaging 99.7%.
- Per Business Quant data, the three quarters before the quarter ended Dec 31, 2025 came in at -$32.37 million (quarter ended Sep 30, 2025), $20.41 million (quarter ended Jun 30, 2025) and $19.13 million (quarter ended Mar 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | SG&A (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.60 Bn | 91.65 Bn | 1.55 Bn | 220.00 Mn |
| 2 | Royal Caribbean Cruises | 74.32 Bn | 71.90 Bn | 2.29 Bn | 513.00 Mn |
| 3 | Hilton Worldwide Holdings | 72.10 Bn | 68.58 Bn | 3.08 Bn | 114.00 Mn |
| 4 | Viking Holdings | 36.31 Bn | 21.43 Bn | 996.62 Mn | -268.67 Mn |
| 5 | Carnival | 34.66 Bn | 27.87 Bn | - | 834.00 Mn |
| 6 | Intercontinental Hotels | 26.64 Bn | 22.19 Bn | - | - |
| 7 | Trip.com | 24.74 Bn | -20.81 Bn | 1.84 Bn | -933.00 Mn |
| 8 | Hyatt Hotels | 14.98 Bn | 12.46 Bn | 388.00 Mn | 180.00 Mn |
| 9 | H World | 12.83 Bn | 3.76 Bn | - | -102.00 Mn |
| 10 | Murano Global Investments | 21.52 Mn | -49.14 Mn | - | 74.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 74.56 Mn |
| Sep 30, 2025 | -32.37 Mn |
| Jun 30, 2025 | 20.41 Mn |
| Mar 31, 2025 | 19.13 Mn |
| Dec 31, 2024 | 54.93 Mn |
| Sep 30, 2024 | -3.06 Mn |
| Jun 30, 2024 | 3.89 Mn |
| Mar 31, 2024 | 16.03 Mn |
| Dec 31, 2023 | 31.57 Mn |
| Sep 30, 2023 | -14.66 Mn |
| Jun 30, 2023 | 8.74 Mn |
| Mar 31, 2023 | 8.01 Mn |
API Access
Murano Global Investments Selling, General & Administrative API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=selling-general-and-administrative&ticker=MRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "selling-general-and-administrative", "ticker": "MRNO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=selling-general-and-administrative&ticker=MRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();