Boyd Gaming Corporation (BYD)
Gross 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,130,892 | 2,019,938 | 1,793,052 | 1,859,084 | 1,950,369 | 2,023,372 | 2,033,192 | 2,030,471 | 1,990,173 | 1,974,830 | 1,968,861 | 1,992,940 | 1,937,330 | 1,787,889 | 1,681,714 | 1,262,090 | 1,141,402 | 1,191,726 | 1,201,269 | 1,499,697 |
| Revenue (ttm) | US$ in thousands | 3,930,199 | 3,843,691 | 3,785,609 | 3,735,047 | 3,738,492 | 3,707,001 | 3,681,100 | 3,658,600 | 3,555,377 | 3,512,297 | 3,478,094 | 3,477,246 | 3,369,810 | 3,125,837 | 2,935,015 | 2,251,272 | 2,178,490 | 2,375,753 | 2,543,083 | 3,179,356 |
| Gross profit margin | 54.22% | 52.55% | 47.36% | 49.77% | 52.17% | 54.58% | 55.23% | 55.50% | 55.98% | 56.23% | 56.61% | 57.31% | 57.49% | 57.20% | 57.30% | 56.06% | 52.39% | 50.16% | 47.24% | 47.17% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,130,892K ÷ $3,930,199K
= 54.22%
Based on the provided data for Boyd Gaming Corporation's gross profit margin over a series of quarters, we observe some fluctuations in the margin over time. The gross profit margin is a key metric that reflects the percentage of revenue remaining after deducting the cost of goods sold.
Boyd Gaming Corporation's gross profit margin has shown variability during the period covered by the data. It started at 47.17% in March 2020 and generally trended upwards, reaching a peak of 57.49% in December 2021. This upward trend indicates an improvement in the company's ability to generate profits from its core operations.
However, in the subsequent quarters, the gross profit margin started to decline, reaching 52.17% by December 2023. This decline could be attributed to various factors such as changes in pricing strategies, cost structures, or shifts in the industry landscape that impacted the company's profitability.
The gross profit margin further decreased to 47.36% by June 2024, showing a significant drop compared to previous levels. This decline could raise concerns about the company's ability to efficiently manage its production costs relative to its revenue.
The uptick in gross profit margin to 54.22% by December 2024 is a positive sign, indicating a potential rebound in profitability towards the end of the analyzed period. However, it is essential for Boyd Gaming Corporation to continue monitoring and optimizing its cost structure to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2024