Caesars Entertainment Corporation (CZR)
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 | -191,000 | -102,000 | -940,000 | -1,302,000 | -1,625,000 |
| Revenue | US$ in thousands | 11,218,000 | 9,002,000 | 8,497,000 | 7,105,000 | 2,245,000 |
| Pretax margin | -1.70% | -1.13% | -11.06% | -18.33% | -72.38% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $-191,000K ÷ $11,218,000K
= -1.70%
Caesars Entertainment Corporation's pretax margin has shown a significant improvement over the years based on the provided data. In December 31, 2020, the pretax margin was a negative 72.38%, indicating that the company's expenses exceeded its revenues before considering taxes. However, in subsequent years, there has been a steady decline in the negative pretax margin, with December 31, 2021, showing a decrease to -18.33%, December 31, 2022, to -11.06%, December 31, 2023, to -1.13%, and December 31, 2024, to -1.70%.
This improvement in the pretax margin can be a positive sign for Caesars Entertainment Corporation, suggesting that the company may be effectively managing its costs and increasing its revenues. The decreasing negative percentages indicate that the company is moving towards profitability before tax considerations. However, it is important to continue monitoring this metric to ensure sustained positive growth in the future.
Peer comparison
Dec 31, 2024