MGM Resorts International (MGM)
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 | 746,558 | 902,586 | 879,125 | 892,849 | 1,142,180 | 1,112,722 | -109,485 | 1,312,339 | 810,739 | 642,824 | 3,041,854 | 1,509,538 | 1,208,393 | 644,701 | -1,227,970 | -2,175,531 | -1,024,654 | 1,437,721 | 1,935,319 | 2,836,973 |
| 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 |
| Net profit margin | 4.33% | 5.23% | 5.15% | 5.35% | 7.07% | 7.23% | -0.74% | 9.28% | 6.18% | 5.10% | 25.60% | 13.87% | 12.48% | 7.94% | -18.79% | -47.74% | -19.85% | 20.98% | 21.40% | 23.69% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $746,558K ÷ $17,240,550K
= 4.33%
MGM Resorts International's net profit margin has fluctuated over the past few years. The company experienced strong profitability in the first half of 2020, with net profit margins ranging from 21.40% to 23.69%. However, there was a significant downturn in profitability in the second half of 2020, with negative net profit margins reported at the end of December 2020 and March 2021.
Subsequently, MGM Resorts International managed to improve its profitability, with positive net profit margins ranging from 5.10% to 25.60% from June 2022 to June 2023. However, there was a slight decline in profitability in the following periods, with net profit margins ranging from -0.74% to 9.28% by March 2024.
Overall, while there have been fluctuations in MGM Resorts International's net profit margin, the company has shown resilience in its ability to generate profits over the analyzed period. Further monitoring of the net profit margin will be necessary to assess the company's ongoing financial performance.
Peer comparison
Dec 31, 2024