MGM Resorts International (MGM)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,142,180	1,473,090	1,254,370	-1,032,720	2,049,150
Revenue	US$ in thousands	15,596,400	14,822,700	8,908,930	5,851,180	14,531,600
Net profit margin		7.32%	9.94%	14.08%	-17.65%	14.10%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,142,180K ÷ $15,596,400K
= 7.32%

MGM Resorts International's net profit margin has exhibited fluctuations over the past five years, with a noticeable decline in 2020. The net profit margin stood at 7.08% in 2023, lower than the previous two years but higher than the figure recorded in 2020. In 2022, the net profit margin was 10.98%, showing a slight decrease from 2021's margin of 12.15%. The sharp drop to -19.32% in 2020 indicates a period of significant financial challenges for the company. However, there was a strong recovery in 2019 with a net profit margin of 15.86%, reflecting a more profitable year for MGM Resorts International. Overall, the varying trends in net profit margin suggest fluctuating levels of profitability and financial performance for the company over the five-year period.