Caesars Entertainment Corporation (CZR)
Gross profit margin
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 6,239,000 | 6,029,000 | 5,307,000 | 5,157,000 | 4,422,000 | 4,291,000 | 4,328,000 | 4,134,000 | 4,031,000 | 3,796,000 | 3,557,000 | 3,136,000 | 1,773,000 | 1,593,000 | 407,549 | 32,996 | 1,536,120 | 956,173 | 1,378,814 | 1,671,845 |
| Revenue (ttm) | US$ in thousands | 10,022,000 | 9,652,000 | 9,059,000 | 9,002,000 | 8,914,000 | 8,808,000 | 8,788,000 | 8,497,000 | 8,297,000 | 8,000,000 | 7,631,000 | 7,022,000 | 6,554,000 | 6,226,000 | 4,375,334 | 3,638,781 | 2,733,905 | 1,646,701 | 2,153,324 | 2,331,508 |
| Gross profit margin | 62.25% | 62.46% | 58.58% | 57.29% | 49.61% | 48.72% | 49.25% | 48.65% | 48.58% | 47.45% | 46.61% | 44.66% | 27.05% | 25.59% | 9.31% | 0.91% | 56.19% | 58.07% | 64.03% | 71.71% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,239,000K ÷ $10,022,000K
= 62.25%
The gross profit margin of Caesars Entertainment Corporation has displayed fluctuations over the period under review. Starting at a high of 71.71% as of December 31, 2019, the margin declined to 58.07% by June 30, 2020, indicating a decrease in profitability. This trend continued as the margin dropped significantly to 0.91% by December 31, 2020, before gradually recovering over the subsequent quarters.
The company's gross profit margin showed signs of improvement, reaching 49.61% by September 30, 2023, and peaking at 62.46% by September 30, 2024. These increases suggest a positive trend in the company's ability to generate profits from its core operations. The improvement in the gross profit margin implies that Caesars Entertainment Corporation may be effectively managing its production costs and pricing strategies during this period.
Overall, the varying levels of the gross profit margin highlight the dynamic nature of Caesars Entertainment Corporation's operational performance and its ability to adapt to changing market conditions and internal factors affecting profitability.
Peer comparison
Dec 31, 2024