Golden Entertainment Inc (GDEN)
Net profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 105,717 | 93,367 | 329,416 | 341,075 | 255,756 | 276,185 | 48,972 | 57,910 | 82,346 | 90,388 | 105,436 | 187,222 | 161,776 | 124,208 | 88,201 | -93,371 | -136,611 | -125,814 | -128,305 | -64,147 |
| Revenue (ttm) | US$ in thousands | 666,818 | 733,305 | 829,798 | 949,145 | 1,053,149 | 1,102,168 | 1,123,435 | 1,126,126 | 1,121,719 | 1,123,967 | 1,127,396 | 1,130,491 | 1,096,543 | 1,020,213 | 943,187 | 726,694 | 694,155 | 730,661 | 768,579 | 940,675 |
| Net profit margin | 15.85% | 12.73% | 39.70% | 35.93% | 24.28% | 25.06% | 4.36% | 5.14% | 7.34% | 8.04% | 9.35% | 16.56% | 14.75% | 12.17% | 9.35% | -12.85% | -19.68% | -17.22% | -16.69% | -6.82% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $105,717K ÷ $666,818K
= 15.85%
Golden Entertainment Inc's net profit margin has shown significant fluctuations over the past few years. The company experienced negative net profit margins in the range of -6.82% to -19.68% in the first half of 2020, indicating a period of financial difficulty. However, the trend reversed in the latter half of 2020, with improvements seen in the net profit margin, reaching positive values.
The positive trend continued into 2021 and 2022, with net profit margins ranging between 9.35% and 16.56%, signifying better profitability for the company. In March 2023, there was a slight decrease in the net profit margin to 5.14%, although this remained positive.
The net profit margin experienced a significant surge in the third and fourth quarters of 2023, reaching levels as high as 25.06% by September 2023 and 24.28% by December 2023, demonstrating a period of exceptional profitability for the company.
The trend of strong profitability carried over into the first half of 2024, with net profit margins reaching as high as 39.70% by June 2024, indicating continued success for Golden Entertainment Inc. However, there was a slight decrease in profitability by the end of 2024, with the net profit margin settling at 15.85% by December 2024.
Overall, the analysis reveals a mix of challenges and successes for Golden Entertainment Inc in terms of its net profit margins, with a notable turnaround from negative margins to strong positive margins in recent years.
Peer comparison
Dec 31, 2024