Golden Entertainment Inc (GDEN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 72,794 | 61,320 | 370,954 | 387,005 | 331,963 | 356,662 | 67,444 | 79,694 | 82,867 | 84,721 | 94,464 | 169,476 | 162,212 | 124,394 | 88,493 | -93,659 | -136,550 | -125,654 | -127,928 | -65,320 |
| 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 |
| Pretax margin | 10.92% | 8.36% | 44.70% | 40.77% | 31.52% | 32.36% | 6.00% | 7.08% | 7.39% | 7.54% | 8.38% | 14.99% | 14.79% | 12.19% | 9.38% | -12.89% | -19.67% | -17.20% | -16.64% | -6.94% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $72,794K ÷ $666,818K
= 10.92%
Golden Entertainment Inc's pretax margin experienced significant fluctuations over the past few years, reflecting the company's varying levels of profitability before taxes. The pretax margin was negative in the first half of 2020, reaching its lowest point at the end of that year (-19.67%). However, there was a notable improvement starting in March 2021, with the pretax margin turning positive and increasing steadily through 2022.
The company's pretax margin peaked in March 2024 at an impressive 40.77%, indicating a strong profitability before taxes. This was followed by a slight decrease in the subsequent quarter but remained relatively high compared to previous years.
Overall, the trend in Golden Entertainment Inc's pretax margin shows a significant recovery and improved profitability from a period of losses to reaching a robust level by the end of 2024. The company's ability to maintain and increase its pretax margin demonstrates positive financial performance and efficiency in managing its operations.
Peer comparison
Dec 31, 2024