MGM Resorts International (MGM)

Gross 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
Gross profit (ttm)	US$ in thousands	7,458,470	7,301,190	7,308,900	7,354,990	7,405,390	7,349,910	7,169,730	6,966,480	6,474,490	6,226,980	5,846,830	5,314,080	4,649,530	3,740,506	2,821,549	1,614,678	1,709,371	2,411,985	3,393,312	4,796,293
Revenue (ttm)	US$ in thousands	17,240,550	17,269,550	17,059,590	16,674,420	16,164,250	15,380,910	14,823,800	14,146,480	13,127,490	12,592,160	11,883,630	10,886,700	9,680,140	8,116,790	6,535,170	4,557,019	5,162,089	6,853,689	9,042,149	11,975,580
Gross profit margin		43.26%	42.28%	42.84%	44.11%	45.81%	47.79%	48.37%	49.25%	49.32%	49.45%	49.20%	48.81%	48.03%	46.08%	43.17%	35.43%	33.11%	35.19%	37.53%	40.05%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,458,470K ÷ $17,240,550K
= 43.26%

The gross profit margin of MGM Resorts International has shown fluctuations over the years based on the provided data.

From March 31, 2020, to December 31, 2020, the gross profit margin steadily decreased from 40.05% to 33.11%. However, there was an increase in the margin in the following quarters, with a notable improvement to 48.03% by December 31, 2021.

Subsequently, the gross profit margin continued to increase, reaching a peak of 49.45% on September 30, 2022. There was a slight dip in the margin in the following quarters, but it remained relatively high compared to previous periods.

Overall, the trend indicates that MGM Resorts International has made efforts to improve its gross profit margin, with fluctuations in the short term but a general upward trajectory in recent years. This increasing trend could signify effective cost management strategies or revenue growth initiatives within the company.