Caesars Entertainment Corporation (CZR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,441,000 | 5,375,000 | 4,134,000 | 3,204,000 | 332,000 |
| Revenue | US$ in thousands | 11,218,000 | 9,002,000 | 8,497,000 | 7,105,000 | 2,245,000 |
| Gross profit margin | 66.33% | 59.71% | 48.65% | 45.10% | 14.79% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,441,000K ÷ $11,218,000K
= 66.33%
Caesars Entertainment Corporation has demonstrated a significant improvement in its gross profit margin over the period from December 31, 2020, to December 31, 2024. The gross profit margin has increased from 14.79% in December 2020 to 66.33% in December 2024. This upward trend indicates an enhancement in the company's efficiency in generating profits from its core operations.
The substantial increase in the gross profit margin reflects improved cost management, pricing strategies, and operational efficiencies within the organization. Caesars Entertainment Corporation has been successful in increasing the proportion of revenue retained after deducting the cost of goods sold, leading to higher profitability levels.
The continued expansion of the gross profit margin demonstrates Caesars Entertainment Corporation's ability to effectively control its production costs and optimize its revenue streams. This trend is a positive indicator of the company's overall financial health and operational performance, showcasing its ability to generate higher profits per dollar of sales over the specified period.
Peer comparison
Dec 31, 2024