Caesars Entertainment Corporation (CZR)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,334,000 | 2,389,000 | 2,354,000 | 2,472,000 | 2,424,000 | 2,359,000 | 2,352,000 | 1,739,000 | 1,373,000 | 1,246,000 | 1,234,000 | 1,460,000 | 1,288,000 | 625,000 | -44,000 | -383,000 | -274,088 | -18,088 | 163,462 | 410,066 |
| 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 |
| Operating profit margin | 23.29% | 24.75% | 25.99% | 27.46% | 27.19% | 26.78% | 26.76% | 20.47% | 16.55% | 15.58% | 16.17% | 20.79% | 19.65% | 10.04% | -1.01% | -10.53% | -10.03% | -1.10% | 7.59% | 17.59% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,334,000K ÷ $10,022,000K
= 23.29%
Caesars Entertainment Corporation's operating profit margin has displayed fluctuations over the analyzed period. The margin was relatively healthy at 17.59% as of December 31, 2019, but decreased to 7.59% by March 31, 2020. Subsequently, there were significant downturns in the following quarters, with negative margins recorded for June and September 2020, indicating challenges in generating profits from core operations.
The trend improved towards the end of 2020, with marginal increases in the operating profit margin. From March 31, 2021, the company started to exhibit a recovery in its profitability, with margins turning positive and gradually increasing. By December 31, 2021, the operating profit margin had reached 20.79%, indicating an enhanced ability to translate revenues into operating income efficiently.
Throughout 2022 and the first half of 2023, Caesars Entertainment Corporation maintained relatively stable operating profit margins, hovering around the mid to high teens. Notably, the margin peaked at 27.46% as of December 31, 2023, showcasing a significant improvement in profitability.
However, in the later quarters of 2024, there was a slight decline in the operating profit margin, dropping to 23.29% by December 31, 2024. This decrease may suggest factors impacting profitability during this period.
Overall, the analysis reveals a dynamic financial performance trend for Caesars Entertainment Corporation, with periods of recovery and growth in operating profit margin interspersed with challenges and fluctuations.
Peer comparison
Dec 31, 2024