Boyd Gaming Corporation (BYD)

Net 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
Net income (ttm) US$ in thousands 577,952 500,051 504,156 556,765 620,023 700,102 721,871 676,180 639,377 576,475 557,647 524,613 463,846 437,351 337,293 115,020 -5,466 -64,457 -63,168 93,860
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
Net profit margin 14.71% 13.01% 13.32% 14.91% 16.58% 18.89% 19.61% 18.48% 17.98% 16.41% 16.03% 15.09% 13.76% 13.99% 11.49% 5.11% -0.25% -2.71% -2.48% 2.95%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $577,952K ÷ $3,930,199K
= 14.71%

The net profit margin is a key profitability ratio that indicates the percentage of revenue that translates into net income after all expenses have been deducted. Looking at the data provided for Boyd Gaming Corporation, the net profit margin fluctuated over the reporting periods.

In the first quarter of 2020, Boyd Gaming Corporation had a net profit margin of 2.95%, indicating that for every dollar of revenue generated, the company retained approximately 2.95 cents as profit. However, the net profit margin turned negative in the following quarters, showing losses relative to revenue.

From March 2021 onwards, the net profit margin showed a significant improvement, surpassing double-digit figures in the subsequent quarters. This positive trend continued until September 2023, with the net profit margin peaking at 19.61% in June 2023. During this period, Boyd Gaming Corporation displayed strong profitability, indicating efficient cost management and revenue generation.

In the last reporting period of December 2024, the net profit margin stood at 14.71%, reflecting a slight decrease from the previous quarter but still maintaining a healthy level of profitability.

Overall, the trend in Boyd Gaming Corporation's net profit margin showcases fluctuations and periods of both profitability and losses. Investors and stakeholders may view the recent positive trend in profitability as a sign of improved financial performance, but consistent monitoring of the net profit margin is necessary to assess the company's ability to sustain and grow its profitability in the future.