Golden Entertainment Inc (GDEN)
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 | 72,794 | 331,963 | 82,867 | 162,212 | -136,550 |
| Revenue | US$ in thousands | 666,818 | 1,053,150 | 1,121,720 | 1,096,540 | 694,155 |
| Pretax margin | 10.92% | 31.52% | 7.39% | 14.79% | -19.67% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $72,794K ÷ $666,818K
= 10.92%
To analyze Golden Entertainment Inc's pretax margin over the past five years, we observe a varied trend.
In 2020, the pretax margin stood at -19.67%, indicating that the company had a negative profitability before taxes, potentially due to higher expenses surpassing revenue.
By the end of 2021, there was a significant improvement as the pretax margin surged to 14.79%, signifying a notable turnaround and a move towards profitability.
However, in 2022, the pretax margin slightly decreased to 7.39%, which could be a result of various factors such as cost management or changes in revenue streams.
The following year, 2023, witnessed a considerable increase in the pretax margin to 31.52%, demonstrating a robust financial performance and efficient cost control measures.
Lastly, in 2024, the pretax margin dipped to 10.92%, indicating a decrease compared to the previous year but still showcasing a positive profitability before taxes.
Overall, the analysis reveals fluctuations in Golden Entertainment Inc's pretax margin over the five-year period, emphasizing the company's efforts to enhance profitability and manage costs effectively.
Peer comparison
Dec 31, 2024