Boyd Gaming Corporation (BYD)

Operating 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
Operating income (ttm) US$ in thousands 938,277 935,327 933,214 950,137 1,005,131 994,417 1,014,004 1,015,045 981,224 950,468 936,155 957,427 900,104 794,522 698,449 345,759 185,363 188,923 175,241 388,281
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
Operating profit margin 23.87% 24.33% 24.65% 25.44% 26.89% 26.83% 27.55% 27.74% 27.60% 27.06% 26.92% 27.53% 26.71% 25.42% 23.80% 15.36% 8.51% 7.95% 6.89% 12.21%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $938,277K ÷ $3,930,199K
= 23.87%

Boyd Gaming Corporation's operating profit margin has shown fluctuations over the periods indicated. The company's operating profit margin started at 12.21% on March 31, 2020, and experienced a decline to 6.89% by June 30, 2020. Subsequently, there was a gradual improvement in the metric, reaching 27.74% by March 31, 2023.

However, there was a slight dip in the operating profit margin to 23.87% by December 31, 2024. Overall, Boyd Gaming Corporation demonstrated an upward trend in operating profit margin over the observed period, with some minor fluctuations. This trend indicates the company's ability to effectively control its operating expenses relative to its revenue, leading to improved profitability.