Monarch Casino & Resort Inc (MCRI)
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 | 72,769 | 86,760 | 83,322 | 83,053 | 82,448 | 86,679 | 90,009 | 87,031 | 87,479 | 84,917 | 79,738 | 78,452 | 68,488 | 63,877 | 52,308 | 29,812 | 23,678 | 14,614 | 13,195 | 26,821 |
| Revenue (ttm) | US$ in thousands | 525,742 | 519,325 | 514,417 | 510,431 | 504,574 | 496,616 | 494,378 | 485,510 | 477,157 | 469,036 | 446,939 | 427,969 | 392,852 | 344,759 | 291,098 | 208,535 | 184,745 | 182,882 | 190,498 | 239,503 |
| Net profit margin | 13.84% | 16.71% | 16.20% | 16.27% | 16.34% | 17.45% | 18.21% | 17.93% | 18.33% | 18.10% | 17.84% | 18.33% | 17.43% | 18.53% | 17.97% | 14.30% | 12.82% | 7.99% | 6.93% | 11.20% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $72,769K ÷ $525,742K
= 13.84%
Net profit margin is a key profitability ratio that measures the percentage of revenue that translates into net income. A higher net profit margin indicates that a company is more efficient in converting revenue into profit.
Analyzing Monarch Casino & Resort Inc's net profit margin over the past few years, we observe fluctuations in the ratio. The trend shows an increase from 11.20% in March 2020 to a peak of 18.53% in September 2021, signifying an improvement in profitability.
However, there were slight declines in the net profit margin in the subsequent quarters. The ratio dipped to 16.34% by December 2023 and further decreased to 13.84% by December 2024. These declines may indicate factors such as increasing costs, lower revenue, or operational inefficiencies that impacted the company's bottom line.
Overall, Monarch Casino & Resort Inc's net profit margin has shown variability but has generally maintained a fairly healthy level above 10%. Investors and stakeholders should continue to monitor the company's financial performance to understand the factors influencing its profitability.
Peer comparison
Dec 31, 2024