MGM Resorts International (MGM)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 746,558 | 1,142,180 | 206,731 | 1,254,370 | -1,319,910 |
| Revenue | US$ in thousands | 17,240,500 | 16,164,200 | 13,127,500 | 9,680,140 | 5,162,080 |
| Net profit margin | 4.33% | 7.07% | 1.57% | 12.96% | -25.57% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $746,558K ÷ $17,240,500K
= 4.33%
The net profit margin of MGM Resorts International has shown fluctuations over the past years, ranging from a negative value of -25.57% on December 31, 2020, to a positive value of 12.96% on December 31, 2021. This significant improvement in profitability indicates the company's ability to effectively control costs and generate higher revenues.
However, the net profit margin decreased to 1.57% on December 31, 2022, indicating a potential challenge in maintaining profitability amidst changing market conditions. The margin saw a slight improvement to 7.07% on December 31, 2023, suggesting that the company may have implemented strategies to enhance profitability.
On December 31, 2024, the net profit margin further decreased to 4.33%, indicating a potential need for MGM Resorts International to focus on optimizing operational efficiency and revenue generation strategies to sustain profitability in the future. Overall, the fluctuating trend in net profit margin highlights the importance of effective cost management and revenue generation for the company's financial performance.
Peer comparison
Dec 31, 2024