Boyd Gaming Corporation (BYD)

Net profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	620,023	700,102	721,871	676,180	639,377	576,475	557,647	524,613	463,846	437,351	337,293	115,020	-134,700	-193,691	-192,402	-35,374	157,636	156,207	128,639	119,100
Revenue (ttm)	US$ in thousands	3,601,616	3,606,409	3,586,859	3,554,099	3,419,413	3,311,475	3,268,060	3,199,581	3,075,213	2,902,128	2,693,719	2,070,962	2,004,050	2,201,313	2,371,540	3,066,925	3,265,708	3,224,200	3,076,731	2,847,900
Net profit margin		17.22%	19.41%	20.13%	19.03%	18.70%	17.41%	17.06%	16.40%	15.08%	15.07%	12.52%	5.55%	-6.72%	-8.80%	-8.11%	-1.15%	4.83%	4.84%	4.18%	4.18%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $620,023K ÷ $3,601,616K
= 17.22%

Boyd Gaming Corp.'s net profit margin has shown a generally positive trend over the past eight quarters. The net profit margin, which measures the percentage of revenue that translates into profit after all expenses have been deducted, ranged between 15.09% and 19.61% during this period.

The highest net profit margin was recorded in Q2 2023 at 19.61%, indicating strong profitability during that quarter. This was followed closely by Q3 2023 at 18.89% and Q4 2023 at 16.58%. The company maintained an above-average net profit margin in these recent quarters, reflecting efficient cost management and effective revenue generation strategies.

It is noteworthy that Boyd Gaming Corp. has been able to consistently improve its profitability, as evidenced by the upward trend in net profit margins over the past two years. This trend suggests that the company has been successful in controlling costs and enhancing operational efficiency, leading to a higher proportion of revenue turning into profit.

Overall, the net profit margin data indicates that Boyd Gaming Corp. has been successful in generating profits relative to its revenue and has shown a positive trend in profitability over the analyzed quarters.