Boyd Gaming Corporation (BYD)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 620,023 | 639,377 | 463,846 | -134,700 | 157,636 |
| Revenue | US$ in thousands | 3,601,620 | 3,419,410 | 3,075,210 | 1,946,220 | 3,053,700 |
| Net profit margin | 17.22% | 18.70% | 15.08% | -6.92% | 5.16% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $620,023K ÷ $3,601,620K
= 17.22%
The net profit margin of Boyd Gaming Corp. has shown variability over the past five years. In 2023, the company's net profit margin stood at 16.58%, slightly lower than the previous year's figure of 17.98%. This indicates that Boyd Gaming Corp. retained approximately 16.58% of its revenue as net income after accounting for all expenses in 2023.
Looking at historical trends, the net profit margin fluctuated in recent years. In 2021, the margin was 13.76%, showing a decrease from the prior year. The most significant deviation was observed in 2020 when the company reported a negative net profit margin of -6.18%, indicating that expenses exceeded revenue during that period.
However, Boyd Gaming Corp.'s performance improved in 2019 with a net profit margin of 4.74%, signaling a positive trend compared to the preceding years. The fluctuation in net profit margins over the analyzed period may reflect varying levels of operational efficiency, cost management, and economic conditions impacting the company's financial performance. Further analysis of the underlying factors driving these fluctuations would be necessary to gain a deeper understanding of the company's profitability dynamics.
Peer comparison
Dec 31, 2023