Boyd Gaming Corporation (BYD)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 752,003 | 752,907 | 828,806 | 603,939 | -171,014 |
| Revenue | US$ in thousands | 3,930,190 | 3,738,490 | 3,555,380 | 3,369,810 | 2,178,490 |
| Pretax margin | 19.13% | 20.14% | 23.31% | 17.92% | -7.85% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $752,003K ÷ $3,930,190K
= 19.13%
Boyd Gaming Corporation's pretax margin has shown significant improvement over the past five years. In December 2020, the company had a negative pretax margin of -7.85%, indicating that expenses exceeded revenues before accounting for taxes. However, by December 2021, the pretax margin had turned positive and doubled to 17.92%, reflecting a strong financial performance. This positive trend continued as the pretax margin further increased to 23.31% by December 2022, demonstrating improved operational efficiency and profitability.
In December 2023, Boyd Gaming Corporation's pretax margin slightly decreased to 20.14%, which suggests that the company may have faced some challenges or increased costs during that period. Despite this dip, the pretax margin remained at a relatively healthy level, indicating solid overall financial health. By December 2024, the pretax margin remained strong at 19.13%, signaling that the company was able to maintain profitability even as it navigated potential challenges in the operating environment.
Overall, Boyd Gaming Corporation's pretax margin trajectory showcases a positive trend with some fluctuations, emphasizing the company's ability to generate profits and manage costs effectively over the analyzed period.
Peer comparison
Dec 31, 2024