MGM Resorts International (MGM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,847,000 | 7,610,690 | 6,474,500 | 4,649,530 | 1,709,370 |
| Revenue | US$ in thousands | 17,240,500 | 16,164,200 | 13,127,500 | 9,680,140 | 5,162,080 |
| Gross profit margin | 45.51% | 47.08% | 49.32% | 48.03% | 33.11% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,847,000K ÷ $17,240,500K
= 45.51%
Based on the data provided, MGM Resorts International's gross profit margin has shown an increasing trend from 33.11% on December 31, 2020, to 45.51% on December 31, 2024. The company experienced a significant improvement in its gross profit margin over the five-year period, with a notable rise in percentage points. This demonstrates that MGM Resorts International has effectively managed its cost of goods sold and has been able to generate a higher proportion of revenue as gross profit. The consistent growth in gross profit margin indicates efficiency in the company's operations and pricing strategies, leading to healthier profitability levels over time.
Peer comparison
Dec 31, 2024