Boyd Gaming Corporation (BYD)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,049,800 | 2,018,570 | 1,990,170 | 1,937,330 | 1,141,400 |
| Revenue | US$ in thousands | 3,930,190 | 3,738,490 | 3,555,380 | 3,369,810 | 2,178,490 |
| Gross profit margin | 52.16% | 53.99% | 55.98% | 57.49% | 52.39% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,049,800K ÷ $3,930,190K
= 52.16%
Boyd Gaming Corporation's gross profit margin has shown some fluctuations over the years based on the provided data. The margin increased from 52.39% as of December 31, 2020, to reach its highest point at 57.49% by December 31, 2021. Subsequently, there was a slight decrease to 55.98% by December 31, 2022, followed by a further decline to 53.99% by December 31, 2023. The margin then decreased more significantly to 52.16% by December 31, 2024.
Overall, while the company experienced a notable improvement in its gross profit margin between 2020 and 2021, it faced some challenges in maintaining or further growing this margin in the subsequent years. It is important for Boyd Gaming Corporation to closely monitor its cost structure, pricing strategies, and operational efficiencies to sustain and potentially enhance its gross profit margin in the future.
Peer comparison
Dec 31, 2024